All Jamaica leaps to record 416,956

The Jamaica Stock Exchange main market climbed sharply on Friday to a new record high after recording the second highest gain in the market’s history, second only to the 9,823 points rise on Monday, this week.
At the end of trading, All Jamaica Composite Index surged 9,736.35 points to a record close of 416,956.11 and the JSE Index jumped 8,870.92 points to a record close of 379,894.21.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 11 stocks ending with bids higher than the last selling prices and 3 closing with lower offers, suggesting mostly gains ahead for stocks.
A total of 32 securities traded including 3 in the US dollar market, compared to 29 trading on Thursday with the prices of 15 securities rising, 8 declining and 6 holding firm.
There were 6 securities trading at 52 weeks’ highs during the day, with 4 ending at a 52 weeks’ closing highs Stocks trading at new highs are Kingston Wharves, JMMB Group, NCB Financial Group and Salada Foods, while Radio Jamaica ended at a 52 weeks’ low.
Trading ended with major contraction in trading volume in the main market compared to Thursday’s levels, with 3,405,863 units valued at $88,834,288 changing hands compared to 50,485,890 units valued at $464,344,297 on Thursday.
Trading closed with Mayberry Investments trading 1,114,541 shares and 32.7 percent of the day’s volume with the price closing at $9.11 after falling 24 cents. Sagicor Group accounted for 520,345 shares or 15.3 percent of the day’s volume, followed by Barita Investments with 261,000 shares and 7.7 percent of the volume traded.
Trading resulted in an average of 117,444 units valued at over $3,063,251, in contrast to 1,803,068 shares valued at $16,583,725 on Thursday. The average volume and value for the month to date amounts to 448,288 shares, valued $6,994,366 and previously, 533,195 shares, valued $6,208,222. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Barita Investments gained 30 cents and closed at $18.80, while 261,000 shares were traded up to an intra-day high of $20, Berger Paints climbed 99 cents and ended at $21.99, with 10,142 stock units trading, Jamaica Broilers jumped $4.49 in trading 13,273 stock units stock units at $32.49, JMMB Group climbed $2 and ended at a 52 weeks’ high of $37, trading 26,182 shares, Kingston Wharves jumped $7.90 and finished at a record high of $83, trading 26,042 stock units, Mayberry Investments rose 58 cents to finish at $9, trading 1,114,541 stock units, NCB Financial Group gained $1 trading 232,956 shares to end at a record close of $133.50, Sagicor Real Estate Fund rose $1.50 to $15, trading 190,908 shares, Salada Foods gained 71 cents and ended trading at a 52 weeks’ closing high of $20.71, with 5,941 stock units, after it traded earlier at a high of $23, Scotia Group shed $2 in trading 520,345 units to close at $60, Seprod jumped $2.20 in trading 3,289 shares to close at $49, Stanley Motta lost 75 cents to close at $4.50 with 4,600 shares trading and Supreme Ventures lost $1.20 in trading 83,624 shares to end at $20.50.Trading in the US dollar market closed with 50,772 units valued at $10,647, changing hands. JMMB Group 6% preference share completed trading of 1,800 after inching up by 1 cent to close at $1.07, Proven Investments traded 27,950 shares to close at 23 US cents and Sygnus Credit Investments US dollar based ordinary share, rose 1 cent in trading 21,022 shares to end at 11 US cents. The JSE USD Equities Index gained 0.51 points to 175.15.