Gain for JSE main market – Friday

Trading on the Jamaica Stock Exchange on Friday, resulted in another day of moderate fall in the two main indices, but market volume and value increased over that of Thursday.
At the close, the All Jamaican Composite Index advanced by 676.83 points to close at 407,986.74 and the JSE Index gained 616.01 points to close at 371,728.28.
Market activity ended with 6,892,345 units valued at over $205,088,843 compared to 5,588,296 units valued at $115,025,442, changing hands, on Thursday.
JMMB Group led trading with 5,243,381 units for 76 percent of the day’s volume, followed by Carreras with just 228,309 units accounting for 3 percent of the volume changing hands and Sagicor Group with 219,490 units and 3 percent of the day’s volume.
The main and US dollar markets, had 30 securities changing hands, with prices of 10 rising, 8 declining with 12 remaining unchanged, compared to 36 securities trading on Thursday.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator suggest that the market could enjoy strong gains on Friday with the reading showing 13 stocks ending with bids higher than their last selling prices and 3 closing with lower offers.
An average of 246,155 units valued at over $7,324,602, in contrast to 169,342 units valued at $3,485,619 on Thursday. The average volume and value for the month to date amounts 82,851 units valued at $2,383,011compared to 70,913 units valued at $1,992,151, previously. Trading for December ended, with an average of 835,037 units with a value of $25,906,477, for each security traded.
In main market activity, Caribbean Cement jumped $7 trading 1,350 shares to close at $47, Eppley shed $1 and settled at $9, trading 6,000 shares, Grace Kennedy rose $2.40 in trading 86,346 shares at $58.50, JMMB Group concluded trading of 5,243,381 shares and climbed $3 to close at $32. Kingston Properties added 30 cents to finish at $6.50, with 2,298 stock units, NCB Financial Group gained 25 cents trading 105,761shares to close at $143.75,  PanJam Investment  gained 50 cents to close at $72, with 47,027 units changing hands.  Sagicor Group  rose 99 cents to settle at $39.99, in trading of 219,490 shares, Scotia Group  traded 87,037 shares after falling $2.99 to close at $52.01. Seprod rose 50 cents and ended at $31.50 with an exchange of 37,708 shares and Sygnus Credit Investments lost 80 cents and concluded trading at $11.20, with 37,800 stock units changing hands.
Trading in the US dollar market resulted in 37,600 units valued at $19,616. JMMB Group 5.75% preference share settled at US$2 with 8,650 shares trading and Sygnus Credit Investments ended at 7.5 US cents trading 24,274 shares. The JSE USD Equities Index declined by 0.02 points to close at 165.85.