Big jump in JSE indices on Wednesday

The main market of the Jamaica Stock Exchange indices rose sharply at the close on Wednesday with the All Jamaica Composite Index advanced 3,380.75 points to close at 260,956.07, the JSE Market Index rose 3,080.24 points to 237,760.54 and the JSE US dollar market index gained 0.89 points to close at 189.89.
At the close of trading, 24 securities changed hands in the main market with 1 trading in the US dollar market, leading to 14 stocks advancing and 4 declining. The main market ended with 2,974,171 units valued at $46,072,557 changing hands compared to 2,850,716 units valued at $31,654,846 at the close on Tuesday. Trading in the US dollar market accounted for 123,899 units valued at US$30,025 bringing the total of all trades to J$49,915,700.
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 4 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 123,924 units valued at $1,919,690 for each security traded compared to an average of 105,582 units valued at $1,172,402. The average volume and value for the month to date ended at 116,886 units with an average value of $2,509,606 compared with an average of 116,472 units with an average value of $2,430,947 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Berger Paints gained 32 cents to close at $16 trading 10,359 shares, Cable and Wireless closed at $1.02, gaining 12 cents with 602,580 stock units swapping owners, Caribbean Cement traded $2.95 higher to close at $27.75 exchanging 723,700 shares after the company reported improved second quarter resilts, Carreras slid to $91.55, with a loss of $18.45 trading 2,525 units as this stock is now suffering from limited supply and with wholesale buying not at the higher level, Grace Kennedy closed at $41.99, with gains of 99 cents exchanging 78,085 shares. Jamaica Broilers closed at $18.50 by gaining 49 cents, with 111,591 shares trading, Jamaica Producers gained 10 cents, closing at $14.60 with 28,049 shares traded. Jamaica Stock Exchange lost 6 cents to close at $6.43 exchanging 4,032 shares, JMMB Group gained 50 cents, closing at $19.50, with 10,219 shares changing hands, Kingston Wharves traded $2.50 higher to $32.50, with 150,382 shares switching owners. Mayberry Investments closed at $4.55, with an exchange of 130,000 shares, NCB Financial Group traded $1.16 higher to $75.21, after exchanging 37,026 shares, 1834 Investments closed at $1.40 with trades of 11,205 shares, PanJam Investment closed with a loss of $2 to $31 trading 2,673 units, Proven Investments closed at $24.71 with 250,000 shares traded, Pulse Investments gained 17 cents to close at $2.49 with 34,547 shares changing owners, Radio Jamaica closed at $1.30, with gains of 5 cents trading 15,036 shares. Sagicor Group gained 50 cents, with an exchange of 26,433 shares, to close at $32, Sagicor Real Estate Fund declined 56 cents, closing at $10.64 exchanging 393,442 shares, Scotia Group gained $1.48 to close at $44.99, with trades of 2,270 shares, Seprod closed at $29.95, with gains of 20 cents exchanging 1,940 shares, Supreme Ventures traded 6,900 shares at $8, having gained 20 cents. Proven Investments US ordinary shares closed at 24 US cents trading 123,899 units, JMMB 7.5% preference share closed at $1.85, losing 15 cents exchanging 304,177 units and JMMB Group 7.5% preference share traded 37,000 units at $1.11.

 

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