Another record close for JSE stocks – Monday

The main market of the Jamaica Stock Exchange closed at a new record high on Monday at the end of a moderate trading session, following Friday’s record closing high, as technical indicators points to the market hitting over 380,000 points before hitting major resistance.
At the close, the All Jamaican Composite Index advanced by 444.90 points at 340,879.89 and the JSE Index gained 405.35 points to close at 310,580.06. Earlier in trading session, the All Jamaica hit a new intraday high of 341,987.04 points and the JSE Index 311,588.81.
Trading in the main market ended with 2,332,453 units valued at $28,665,085 compared to 5,657,684 units valued at $158,095,077 on Friday.
Market activities resulted in 31 securities trading including 2 in the US dollar market compared to 25 securities trading on Friday. At the end of trading, the prices of 13 stocks advanced, 11 declined and 7 traded unchanged.
The day’s volume was led by, Radio Jamaica with 649,627 shares, Carreras with 596,249 units and 1834 Investments Limited with 250,000 units.
Major price changes| Barita Investments gained 51 cents to end at $9.51 trading 938 shares, Berger Paints traded just 200 shares changing hands, with the price falling 50 cents to $19, Grace Kennedy added 40 cents to $53, with 18,100 stock units trading, Jamaica Broilers lost 50 cents and closed trading at $7.50 trading 6,857 shares. JMMB Group traded 173,185 shares but fell 50 cents to $28, Kingston Wharves jumped $1.95 to $52.05 in trading 5,534 units, NCB Financial Group rose 51 cents in trading 90,387 shares at $100.52, Proven Investments fell 50 cents trading 12,235 shares at $26, Sagicor Real Estate Fund settled at $14.50, after slipping 45 cents in trading 35,365 shares, Salada Foods jumped $3.39 to end at $15.89, exchanging just 370 units, Scotia Group gained 60 cents in trading 10,980 units at $52.10 and Seprod finished trading at $34.00, after jumping $1.99 with 11,556 shares changing hands.
Trading in the US dollar market closed with 170,635 units valued at US$27,064 as Proven Investments rose 1 cent to 19 US cents with 112,235 shares trading and Sygnus Credit Investments closed with 58,400 units trading at 10 US cents. The JSE USD Equities Index rose 3.05 points to 147.76.
Trading resulted in an average of 80,429 units valued at an average of $988,451 for each security traded. In contrast to 245,986 units for an average of $6,873,699 on Friday. The average volume and value for the month to date amounts 169,022 units valued at $3,514,756 compared to 173,907 units valued at $3,499,633 on Friday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 5 closing with lower offers.