Big jump for JSE main market – Wednesday

Wisynco ended at a new closing highon Wednesday.

The Jamaica Stock Exchange main market closed lower on Wednesday as the JSE All Jamaican Composite Index jumped 3,591.40 points to 482,392.12 and the JSE Index advanced by 3,263.64 points to 439,356.76.
At the close market activity, on the main and US markets, the prices of 11 securities advanced, 14 declined and 12 traded firm, as a total of 37 securities traded, compared to 39 on Tuesday. Market activity ended with 43,724,306 units valued at over $310,353,690, in contrast to 89,828,749 units valued $521,107,116 on Tuesday.
Wigton Windfarm returned to the lead position in trading with 37.9 million units or 87 percent of total main market volume, Caribbean Cement closed with 1.35 million shares changing hands equating to 3 percent of total trades, followed by PanJam Investment with 1.2 million stock units and 3 percent of the day’s trades.
The market closed with average of 1,286,009 units valued at an average of $9,128,050, in contrast to 2,566,536 units valued 14,888,775 on Tuesday. The average volume and value for the month to date amounts to 1,246,050 shares, with a value of $10,804,762, compared to 1,241,019 shares, with a value of $11,046,323 previously. May closed with an average of 2,248,261 units at an average of $12,751,529 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and one closing with a lower offer.
At the close of the market, Barita Investments lost $1 and closed at $44, with 2,412 shares traded, Caribbean Cement fell 99 cents to close at $79, with an exchange of 1,345,783 shares, Jamaica Broilers finished trading of 15,848 units with a rise of 85 cents to end at $33.75. JMMB Group shed 99 cents in trading 95,501 shares to close at $39, PanJam Investment dropped $2.49 and concluded trading of 1,204,266 shares at $92, Sagicor Group traded 29,481 units with a fall of 50 cents to close at $47.50, Salada Foods gained $1, trading just 200 stock units at $32.50. Scotia Group jumped $1.50 to close at $52.50, with an exchange of 66,800 shares, Seprod rose 50 cents to end at $48.30, in trading 135,071 shares, Sterling Investments rose 34 cents to $3.74, with 8,673 units changing hands and Wisynco Group traded  339,978 shares and rose 45 cents to end at a record close of $18.50.
Trading in the US securities market resulted in 116,915 units valued $63,417 changing hands. Market activity ended with JMMB Group 6% preference share trading 47,500 units with a loss of 1 cents at $1.04 US cents, Proven Investments traded 44,620 units in closing at 25 US cents and Sygnus Credit Investments traded 24,795 units to end at 10 US cents. The JSE USD Equities Index fell 1.32 points to close at 189.19.

About IC Insider.com