AJI closes at record 335,742 points

The All Jamaican Composite Index (AJI) surged 5,792.25 points to close at a record 335,742.09 points and the JSE Index jumped 5,277.40 points to a closing record high of 305,898.98 as the market surpassed both the 334,000 and 335,000 marks on the same day, for the first time.
At the close on Thursday, 26 securities traded in the main market of the Jamaica Stock Exchange climbed to 11,661,188 units valued at $284,601,737 compared to 4,749,951 units valued at $102,233,802 on Wednesday as the market scaled new heights.  Previously, the AJI ended at a record closing high of 332,501.11 points on May 4, this year and drifted downwards, prior to today’s strong rally and break upwards.
The main trades were, Wisynco Group with 5,360,241 units to close at $9.80, amounting to 46 percent of the total volume traded, while Sagicor Group traded 2,674,599 units 599 accounting for 23 percent of the day’s volume and Scotia Group closed with just over 17 percent of the day’s volume, having traded 2,019,507 units, the next highest was Victoria Mutual Investments with 442,261 units and in the preference sector JMMB Group 7.5% trading 642,856 units.
Market activities resulted in 31 securities trading, compared to 26 on Wednesday, in the main and US markets. At the close, 12 securities gained, 10 declined and 9 traded firm.
Stocks with major price changes are, JMMB Group rose $1 to close at $28.50, Kingston Wharves jumped $4 to end at $46 and PanJam Investment rose 65 cents to $50.65.
Trading resulted in an average of 448,507 units valued at an average of $10,946,221 for each security traded. In contrast to 182,690 units for an average of $3,932,069 on Wednesday. For the month to date 217,527 units traded with an average value of $6,588,540 and on the previous day 158,650 units valued at 3,992,107 on average. May closed with an average of 589,414 shares with a value of $16,532.367, for each security traded.
In the US dollar market, 30,210 units valued at over $15,975 traded with Sterling Investments ; trading 15,000 units and adding 1 cent to end at 10 US cents followed by<strong> Proven Investments ; with 10,378 units to close at 19 US cents and  JMMB Group 6%  USD preference share with 13,352 units and closed at US$1. The JSE USD Equities Index rose 0.35 points to close at 162.73.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 4 closing with lower offers.