Berger pushed to $12 at close – Friday

Investors pushed the price of Berger Paints higher during trading, buying more than half a million units while Scotia Group shares were pushed back over $50, but closed below with a tidy gain at the end.
At the end of market activity on Friday,Jamaica Stock Exchange main market stocks eked out small gains in the market indices to close out a week that was recovering from the battering it got a week ago. At the close the All Jamaica Composite Index advanced 572.04 points to close at 286,231.36, the JSE Market Index gained 521.69 points to 260,789.14 and the JSE US dollar market index declined by 4.25 points to 187.05.
Trading levels remained low with just over $30 million being turned over, with 24 securities changing hands in the main market, with 3 trading in the US dollar market, leading to 9 stocks advancing and 10 declining. The main market ended with 1,971,314 units valued at $32,172,854 changing hands compared to 3,004,551 units valued at $33,829,615 at the close on Thursday. Trading in the US dollar market accounted for 242,987 units valued at US$56,879 bringing the total of all trades to J$39,567,173.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 7 stocks with bids higher than their last selling prices and 1 with a lower offer.
The main market ended trading with an average of 82,138 units for an average of $1,340,536 for each security traded compared to an average of 120,182 units valued at $1,353,185. The average volume and value for the month to date ended at $296,879 units with an average value of $2,933,171 compared with an average of 311,195 units with an average value of $3,032,711 on the previous trading day. The average volume and value for August ended at 184,094 units with an average value of $4,336,090.