Another record close for JSE – Wednesday

Investors pushed the Jamaica Stock Exchange to yet another record close, when traded ended on Wednesday.
At the close the All Jamaican Composite Index rising 686.42 points to close at 336,693.61 and the JSE Index climbed 625.40 points to 306,765.91.
Market activities resulted in 24 securities trading, compared to 25 on Tuesday in the main and US dollar markets of which 11 advanced, 7 declined and 6 traded firm.
Stocks with major price changes are, Caribbean Cement with a rise of $2.50 to $42, Grace Kennedy rose $1 to end at $51, JMMB Group lost 65 cents to end at $27.60, Kingston Properties lost 65 cents to end at $5.35 and Sagicor Group lost 70 cents and closed at $38.50. Supreme Ventures traded at a new high of $16 and ended at a new record close of $15.30.
The volume of stocks trading on the main market declined sharply to 2,236,723 units valued at a mere $34,192,073, down sharply from 11,446,622 units valued at $579,818,518 on Tuesday. Wisynco Group traded just 1,080,201 units to be the only security trading over a million shares.
Trading resulted in an average of 101,669 units valued at an average of $1,554,185 compared to 497,679 units valued at an average of $25,209,501 for each security traded on Tuesday. For the month to date 205,980 units traded with an average value of $7,083,190 and on the previous day 215,958 units traded with an average value of $7,679,455 on average. May closed with an average of 589,414 shares with a value of $16,532.367, for each security traded.
In the US dollar market, 74,305 units valued at just US$42,963 traded with Proven Investments trading 45,525 units and gained of 3 cents to close at 23 US cents and in the US dollar preference sectors JMMB Group 6% closed at US$1 with 35,300 units. The JSE USD Equities Index rose 1.03 points to close at 161.78.
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 4 closing with lower offers.
For more details of market activities see – Trading falls on JSE main market – Wednesday.

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