Another record run for JSE stocks

The Jamaica Stock Exchange main market ended at new record close on Thursday as the record run of the market continued pushing the market up 16.3 percent for the year to date.
The market closed with the All Jamaica Composite Index advancing 1,636.11 points to end at a record close of 368,063.11 and the JSE Index climbed 1,518.58 points to finish at record close of 335,347.11.
Market activities resulted in 29 securities trading, including 2 in the US dollar market compared to 34 securities trading on Wednesday. At the end of trading, the prices of 10 stocks rose, 7 declined and 12 closed trading, unchanged.
Trading in the main market ended with 11,417,998 units valued $164,582,968, compared to 73,595,594 units valued at $439,864,718, on Wednesday.
The day’s volume was led by, Sagicor Real Estate Fund with 2,500,000 shares, accounting for 21.9 percent of the volume traded, followed by Jamaica Broilers with 1,960,332 units and 17.17 percent of the day’s volume and Wisynco Group with 1,788,982 units and just 15.67 percent of main market volume.
Trading resulted in an average of 422,889 units valued at over $6,095,665, in contrast to 2,299,862 shares valued at $13,745,772 on Wednesday. The average volume and value for the month to date amounts to 886,497 shares at $5,831,552, compared to 886,497 shares at $5,831,552 traded on the immediately preceding trading day. August closed, with an average of 224,564 shares valued at $4,310,285, for each security traded.
In the main market activity, Caribbean Cement dropped $2 and finished trading 17,607 shares at $48.00, Grace Kennedy lost 50 cents and ended at $58.50, trading 289,290 shares, Jamaica Broilers added $1 and traded 1,960,332 stock units at $28, Jamaica Stock Exchange closed at $8.35, with 5,100 shares changing hands, JMMB Group jumped $2 to end at $31 trading 849,954 shares, Kingston Wharves rose 50 cents and finished at $64.50, exchanging 9,200 stock units. Mayberry Investments settled with a loss of 30 cents at $7.20, after trading 133,000 units, NCB Financial Group ended trading 15,570 shares at $114 in gaining $1, Sagicor Real Estate Fund dropped $2.45 to settle at $11.05, trading 2,500,000 shares, Salada Foods rose 70 cents and ended trading 1,500 stock units at record close of $19. Scotia Group jumped $1.50 to $55, in exchanging 36,829 units and Supreme Ventures ended at $15.50, after trading 10,000 shares with a loss of 40 cents.
Trading in the US dollar market closed with 2,250 units valued US$398. Trading ended with Proven Investments exchanging 1,250 shares and rose 1 cent to close at 23 US cents and Sygnus Credit Investments traded 1,000 shares at 11 US cents. The JSE USD Equities Index advanced by 3.60 points to close at 170.32.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.