Another block of JMMB shares go

Following on from Thursday when NCB Financial sold 327 million JMMB Group’s shares, on the Jamaica Stock Exchange, Friday’s market activity was dominated by trading in JMMB Group’s shares, but with a reduced 27 million units, changing hands.
At the close of trading, the market rose sharply, as the All Jamaican Composite Index surged 8,520.67 points to 405,836.15 and the JSE Index jumped 7,763.29 points to close at 369,762.62. Trading ended with 38,390,816 units valued at $962,896,660 compared to 329,919,002 units valued at $9,327,532,031 changing hands on Monday.
JMMB Group led trading for the second consecutive day with 27,208,371 units and accounted for 71 percent of the day’s volume, followed by Sagicor Real Estate Fund with 5,278,788 units or 13.75 percent of the volume changing hands and Wisynco Group with 2,625,261 units and 6.84 percent of the day’s volume.
The main and US dollar markets, had 32 securities changing hands with prices of 14 rising, 8 declining with 10 remaining unchanged, compared to 30 securities trading on Monday. Barita Investments ended at record high with the price moving to $50 at the close while Salada Foods closed at a record high of $35.
An average of 1,279,694 units valued at over $32,096,555, in contrast to 11,782,822 shares valued at $333,126,144 on Thursday. The average volume and value for the month to date, amounts to 871,027 units with a value of $27,121,540, compared to 846,209 units with a value of $26,801,946, previously. November closed, with an average of 405,528 valued at $7,755,942, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
In main market activity, Barita Investments rose $1.40 and ended at an all-time closing high of $50, with an exchange of 31,044 shares, Jamaica Broilers rose $3.49 in exchanging 26,686 o close shares at $29.49, JMMB Group dropped $4.54 and ended at $28.26, with 27,208,371 shares trading. Kingston Wharves gained 50 cents and finished trading 1,147 stock units at $77.50, NCB Financial Group gained $1.20 as 174,838 shares changed hands, to close at $148, Sagicor Group rose $2 to $40, trading 274,101 shares, Sagicor Real Estate Fund rose 47 cents after trading 5,278,788 stock units to end at $11.47. Salada Foods  jumped $5 and ended trading of 25,000 stock units at $35,  Scotia Group  rose $2.99 to close at $55, with 7,727 units changing hands, Seprod finished trading 19,742 shares, with a loss of $1.29 to close at $29.51. Supreme Ventures  rose 40 cents and closed at $16 trading 1,841,957 shares and Wisynco Group rose 39 cents to finish at $10.99, with 2,625,261 units changing hands.
Trading in the US dollar market amounted to 38,308 units valued at $9,537 with JMMB Group 6% preference share ending trading at $1.05 with 2,400 stock units and Proven Investments declining 1 cent ended trading 35,908 shares at 18 US cents. The JSE USD Equities Index rose 2.14 points to close at 159.49.