8 consecutive daily JSE record close – Tuesday

Kingston Wharves jumped to close at a record $71 on Tuesday.

Records continue to be broken with Jamaica Stock Exchange main market on Tuesday ending at another record close and the 8th in as many trading days.
The market closed with the All Jamaica Composite Index surged 4,077.29 points to a record close at 376,930.26 and the JSE Index climbing 3,714.88 points to a record close of 343,426.09. Tuesday’s close brings to 32, the number record close for the year and 20 since the start of July.
Market activities resulted in 34 securities trading, including 2 in the US dollar market compared to 29 securities trading on Monday. At the end of trading, the prices of 14 stocks rose, 8 declined and 12 closed trading, unchanged. Trading in the main market ended with 3,156,915 units valued at $54,279,819, compared to 3,321,926 units valued at $66,161,713, on Monday.
The day’s volume was led by, Barita Investments with 1,062,000 shares and 33.6 percent of main market volume, followed by JMMB Group closing with 1,007,050 units and just 32 percent of the day’s volume.
Trading resulted in an average of 98,654 units valued at $1,696,244, in contrast to 118,640 units valued at over $2,362,918 on Monday. The average volume and value for the month to date amounts to 472,642 shares at $4,439,522, compared to 709,910 shares at $6,787,180 traded on the immediately preceding trading day. August closed, with an average of 224,564 shares valued at $4,310,285, for each security traded.
In the main market activity, Caribbean Cement gained $1 to finish at $50, in trading 16,111 shares, Grace Kennedy added 50 cents and ended at $59, trading 34,320 shares, Jamaica Broilers jumped $1.48 in trading 13,352 stock units at $28.50, JMMB Group dropped $2.50 to end at $28.50, trading 1,007,050 shares. Kingston Wharves jumped $2.50 and ended trading 11,000 stock units to close at a record $71, PanJam Investment climbed 99 cents and closed at $55 trading 41,146 stock units, Portland JSX fell 25 cents and ended at $8.15, with 20,000 units changing hands, Sagicor Group gained 69 cents and settled at $39.85, in exchanging 9,636 shares, Scotia Group dropped $1.50 to $55, in exchanging 10,014 units, ahead of nine months’ results due after trading on Wednesday, Seprod rose $1 and ended trading of 2,567 stock units to close of $46, Sygnus Credit Investments lost 24 cents to close of $12.51, after trading 142,286 shares were traded and Victoria Mutual Investments recovered 38 cents of the loss on Monday and concluded trading of 22,000 stock units at $3.45.
Trading in the US dollar market closed with 73,641 units valued US$63,809 as JMMB Group 6% preference share completed trading at $1.06 with an exchange of 58,641 stock units and Sygnus Credit Investments ended trading 15,000 shares and closed at 11 US cents. The JSE USD Equities Index closed unchanged at 170.32.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and none closing with a lower offer.

About IC Insider.com