All Jamaica 400,000 push continued on Wednesday

Jamaica Producers traded at an all time high of $22.50 on Wednesday.

Records continue to be broken with Jamaica Stock Exchange main market on Wednesday ending at another record close, the 9th in as many trading days as the market’ all Jamaica Index pushes towards the 400,000 market with a gain of nearly 2,000 points.
The market closed with the All Jamaica Composite Index; pushed 1,840.44 points higher to a record close at 378,770.70 and the JSE Index climbing 1,676.85 points to a record close of 345,102.94. Wednesday’s close brings to 32, the number record close for the year and 20 since the start of July.
Market activities resulted in 30 securities trading, including 3 in the US dollar market compared to 34 securities trading on Tuesday. At the end of trading, the prices of 13 stocks rose, 11 declined and 6 closed trading, unchanged. The main market ended with 11,678,084 units valued at $147,689,924 changing hands, compared to 3,156,915 units valued at $54,279,819, on Tuesday.
The day’s volume was led by, Sagicor Real Estate Fund with 8,692,402 shares and 74.4 percent of main market volume, followed by JMMB Group 7.50% preference share closing with 980,000 units and just 8.4 percent of the day’s volume and Carreras with 522,434 units just 4.47 percent of volume traded.
Trading resulted in an average of 432,522 units valued at an average of $5,469,997, in contrast to 98,654 units valued at $1,696,244 on Tuesday. The average volume and value for the month to date amounts to 468,476 shares valued $4,558,933, compared to 472,642 shares at $4,439,522 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, Barita Investments gained 50 cents and closed at $10.50, trading 89,535 shares, Caribbean Cement shed $1.44 to finish at $48.56, in trading 283,483 shares, Grace Kennedy fell $2 to end at $57, trading 238,210 shares, Jamaica Broilers jumped $1.45 in trading 33,768 stock units at $29.95, Jamaica Producers climbed $1.30 and finished trading of 45,000 units at a record high of $22.50, with supply of the stock extremely low.
JMMB Group lost $1.51 and ended trading just 981 shares at $30.01. Kingston Wharves jumped $1 and ended trading 13,573 stock units to close at $70, NCB Financial Group ended trading 37,334 shares to end at a record close of $122, PanJam Investment fell $1 and closed at $54 trading 14,160 stock units, Sagicor Group shed the 69 cents it gained on Tuesday and settled at $39.16, in exchanging 18,371 shares, Supreme Ventures lost 40 cents and ended at $16.05, with 29,277 shares changing hands, Sygnus Credit Investments rose by 25 cents to close of $12.76, after trading 3,000 shares and Victoria Mutual Investments lost 25 cents and concluded trading of 135,000 stock units at $3.20.
Trading in the US dollar market closed with 53,900 units valued US$14,662 as , Productive Business Solution lost 6 US cents and completed trading of 14,700 shares at 53 US cents, Proven Investments closed trading of 20,500 stock units at 23 US cents and Sygnus Credit Investments ended trading of 18,700 shares and closed with a gain of 1 cents at 12 US cents. The JSE USD Equities Index fell 2.70 points and closed at 167.62.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading is very strong for continuation of the market’s rally and shows 11 stocks ended with bids higher than their last selling prices and 1 closing with a lower offer.

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