Big 4,523 points surge in JSE index

In trading on the Main Market of the Jamaica Stock Exchange on Friday, the All Jamaican Composite Index jumped sharply by 4,523.22 points to 309,489.06 and the JSE Index surged 4,121.16 points to close at 281,979.52.
Trading ended with 21 securities changing hands, of which 9 advanced, 4 declined and 8 traded firm Thursday.
Trading returned to more normal levels, with 18,689,826 units valued at $192,233,164 trading compared to 171,582,338 units valued at $1,664,149,762 from 21 securities on Thursday. Shares in Jamaica Stock Exchange, accounted for 15 million units of the volume traded on Friday.
An average of 889,992 units traded for an average of $9,153,960 on Friday, in contrast to an average of 8,170,588 units for an average of $79,245,227 on Thursday. The average volume and value for the month to date amounts to 765,616 units valued at $10,279,783 and previously, 758,238 units valued at $10,351,426. In contrast, November closed with average of 349,084 units at an average of $5,801,440 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 4 with lower offers.
Traded in the US dollar market ended with Proven Investments US ordinary share rose 1 US cent with 5,000 units changing hands at 23 US cents and Sterling Investments traded 548 units to close unchanged at 12.21 US cents. The total value of trading amounted to US$11,012 with the JSE USD Equities Index closing 4.67 points higher at 173.89.
Apart from the big trade in JSE shares the other major movers at the close of the market on Friday are, Berger Paints with a rise of $1.60, NCB Financial Group rising $1.49 and PanJam Investment jumped $2.
For more details of market activities see – “JSE stocks supply 80% of Friday’s trade.”