Caribbean Cement an IC Insider.com TOP 10 BUY RATED stock jumped a sharp $7.99 to close at $51 in response to the company reporting a big 122 percent jump in profit for 2018 over 2017.
Profit after tax moved from $1.11 billion in 2017 to $2.47 billion from an increase in revenues of just 6.4 percent, to $17.57 billion.
The main market of the Jamaica Stock Exchange ended with JSE All Jamaican Composite Index climbing 3,366.43 points to 424,790.44 and the JSE Index advancing 3,059.10 points to close at 387,011.75.
At the close market activity, the main and US markets traded 33 securities, compared to 38 securities trading on Tuesday, 9 advanced, 13 declined and 11 traded with unchanged prices.
Main market activity ended with 6,849,263 units valued $129,072,474, compared to 15,805,801 units valued at $87,341,139 changing hands, on Tuesday.
An average of 228,309 units valued at an average of $4,302,416 for each security traded, in contrast to 451,594 units valued at an average of $2,495,461 on Tuesday. The average volume and value for the month to date, amounts to 318,762 shares with a value of $13,014,911 and previously, 325,058 shares with a value of $13,668,348. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
JMMB Group 7.25% preference share led trading with 1,863,840 shares for 27 percent of the day’s volume, JMMB Group ordinary share was next with 1,588,456 shares, accounting for 23 percent of the total main market volume changing hands and Wisynco Group ended with 548,081 shares, for 8 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 7 stocks ending with bids higher than their last selling prices and 3 stocks closed with lower offers.
In main market activity, Barita Investments gained 49 cents trading 71,190 shares, to close at $48.50, Berger Paints rose 50 cents to end at $20, with an exchange of 1,387 stock units, Caribbean Cement exchanged 347,372 shares, to end at $51 after jumping $7.99. Grace Kennedy traded 24,003 stock units and rose 99 cents to end at $59.99, Kingston Wharves dropped $1.20 to close at $75.80, with 6,198 units changing hands, NCB Financial lost 45 cents to close at $144.50, with an exchange of 118,906 shares. PanJam Investment fell 89 cents to end at $76.10, exchanging 16,747 shares, Scotia Group gained 93 cents and ended trading of 22,820 stock units, at $53.93 and Seprod rose $1 trading 174,703 shares at $47.
Trading in the US dollar market resulted in 2,032,362 units valued US$237,397 changing hands. Proven Investments traded 54,975 units, with the price closing at 22 US cents, Sterling Investments traded 10,000 units at 0.0385 US cents and Sygnus Credit Investments ended with 18,300 units trading unchanged at 9 US cents. The JSE USD Equities Index lost 5.30 points to close at 168.80.
Carib Cement jumps $8 to $51 – Wednesday
February 20, 2019 by IC Insider.com
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group
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