Barita jumps $10 NCB $5 push AJI to record 530K

Barita Investments jumped $10 to close at $55 following release of third quarter results showing a For the quarter, profit after tax jumped 594 percent to $911 million.  
NCB Financial pushed higher by $4.99 to close at $195 after it hit a high of $201 during the day. Grace jumped $3 to $70, JMMB Group was up at the close by $2 but traded at a record $55.07 before pulling back at the close to $50.
Trading ended with the JSE All Jamaican Composite Index surged 8,298.01 points to end at a record close at 530,993.12 and the JSE Index leaped 7,540.72 points to record close of 483,522.32. The JSE Financial Index rose 3.09 points in closing at 130.09 points.
Market activity resulted in 38 securities trading in the main and US dollar markets and leading to 11 securities advancing, 12 declining and 14 trading firm. Trading ended with 32,848,536 units valued $123,106,978 compared to 34,066,074 units valued at $403,962,467 changing hands, from 36 securities on Monday.
Wigton Windfarm led trading with 29.7 million shares for 91 percent of total main market volume, followed by Carreras with 494,439 stock units for 1.5 percent of total volume and Wisynco Group with 402,978 shares for 1.2 percent of the day’s volume.
The market closed with average of 938,530 units valued at an average of $3,517,342 for each security traded, in contrast to 1,001,943 units for an average of $11,881,249 on Monday. The average volume and value for the month to date amounts to 1,158,213 shares valued at $9,895,777 changing hands, compared 1,191,212 shares valued at $10,995,507 for each securities traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 6 with lower offers.
In the main market activity, Barita Investments surged $10 to end at $55, with 67,312 stock units trading, Berger Paints gained 45 cents to close at $18.95, with 17,395 units changing hands, Eppley dropped $1.25 to $16, in exchanging 15,776 stock units, Grace Kennedy jumped $3.10 and finished trading 15,344 units at $70. Jamaica Broilers lost 88 cents to close at $33.12, with 26,227 shares changing hands, Jamaica Producers lost $2.50 and concluded trading of 16,080 shares, at $26.50. Jamaica Stock Exchange gained $2 to close at $31, with an exchange of 65,150 stock units, JMMB Group rose $2 and ended at $50, with 159,763 shares trading, Kingston Wharves lost $2 and ended trading 15,144 shares at $69, Mayberry Jamaican Equities fell 34 cents and finished trading 21,318 shares at $11.51, NCB Financial rose $4.99 trading 137,850 shares to close at $195, Portland JSX lost 45 cents and ended trading with 30,000 stock units at $8.05, Sagicor Group rose 39 cents trading 252,322 stock units to end at $57.49. Scotia Group ended trading of 15,901 shares with a rise of 48 cents to close at $57.48 and Seprod lost $1.10 and settled at $46.90 in exchanging 101,944 shares.
Trading in the US securities market resulted in 300,235 units valued US$45,290 units changing hands. Market activity ended with JMMB Group 6% preference share with 3,000 units trading at US$1.04, Proven Investments trading 75,635 shares to close at 25 US cents and Sygnus Credit Investments with a loss of one cent to 11 US cents, in trading 221,600 units. The JSE USD Equities Index inched 0.07 points up to 187.31.

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