Caribbean Cement jumped $4 on news of a bid to acquire majority shares in TCL by Cemex.
At the close the All Jamaica Composite Index ballooned 2,488.84 points to end at 199,059.92, the JSE Market Index climbed 2,225.47 points to finish at a record closing high of 182,057.08. The JSE combined index surged 2,164.39 points to end at another record high of 193,838.30, with a gain for the year to date of 22.5 percent.
Trading ended with 36 securities changing hands, the prices of 14 stocks gained while 9 declined in the overall market, including 7 stocks rising and 2 falling, in the junior market.
At the close with 11,768,589 units valued at $284,841,323 changed hands, compared to 7,589,638 units valued at $60,202,318 changing hands on Friday. The junior market accounted for 965,067 units changing hands, valued at $4,640,109 of the stocks traded.
The average trade for the day in the main market ended at 469,718 shares compared to an average of 352,582 units traded on Friday with the average for the month to date being 369,165 units and 268,613 for December to Friday, with November ending with an average of 208,466 units. IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 12 stocks with bids higher than their last selling prices and 5 with lower offers.
In market activity, Berger Paints lost 24 cents to close at $5.10 with 4,460 shares trading, Cable & Wireless rose 4 cents in trading 28,700 units to close at 80 cents, Caribbean Cement jumped $4 in trading 97,724 shares to close at $32, Grace Kennedy dropped $1.49, ended trading with 151,174 units to close at $40. Jamaica Producers closed at $8.30 with 31,128 shares changing hands, Jamaica Stock Exchange traded 143,182 shares, to end at $5.40, JMMB Group traded 230,720 units and rose 5 cents to end at $13.65,
Kingston Wharves ended trading 46,195 shares to close at $19. Margaritaville Turks rose 2 cents and ended with 8,640,000 shares trading, to close at 24.9 US cents. National Commercial Bank gained 15 cents and ended at $49.65 with 35,484 shares trading, PANJAM Investment traded 99,553 units at $23.25, after falling $1.25, Radio Jamaica lost 10 cents in trading 22,753 units to close at $1.30, Sagicor Group gained 25 cents with 51,353 shares changing hands at $26. Scotia Group jumped $1.90 with 344,599 shares changing hands to close at $35, Scotia Investments climbed 50 cents with 2,000 units changing hands to close at $33, Supreme Ventures fell 10 cents and ended at $4.80 with 10,400 units changing hands, Proven Investments traded 60,000 shares at 18.55 US cents and JMMB Group 7.50% preference share closed with 796,887 units changing hands at $1.06.