Gleaner trades 19m shares on JSE

Market activity was halted on the Jamaica Stock Exchange due to technical issues that occurred around mid-day a Jamaica Stock Exchange source indicated to IC Insider. Trading resumed at 3 PM and closed at 3:30.
Not many more securities traded after resumption, but 19 million Gleaner shares changed hands, 18,996,993 units were bought through Victoria Mutual Wealth Management and sold by Mayberry Investments from house inventory at 3:17:44 PM with a value of $36,094,287.
Trading ended with just 23 securities changing hands as 23,173,353 units, valued at $96,919,052 were exchanged. At the end 13 stocks gained, compared to only 2 on Wednesday and 4 declined in all market segments.
The JSE Market Index rose 2.14 points to 98,798.05, the JSE All Jamaican Composite index added only 2.40 points to 109,368.67 and the JSE combined index gained 52.07 points to end at 102,111.65.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 9 stocks with bids higher than their last selling prices and 5 with offers that were lower.
In trading, Cable and Wireless had 1,263,154 shares changing hands to close at 48 cents, down 2 cents, Carreras traded 379,430 units at $50.25, gaining 25 cents from Wednesday’s close, Gleaner Company traded 19 million units in two trades at $1.90, after adding 5 cents. Jamaica Broilers traded at $5.90 at the end with 66,961 shares changing ownership after gaining 30 cents. Jamaica Producers added $1.90 to $18 with 171,230 units trading. The Jamaica Stock Exchange shares added 5 cents with 8,465 shares changing hands at $7.55, JMMB Group had 52,374 shares changing hands at $7.65, National Commercial Bank traded 136,629 shares and closed at $30, Sagicor Group with 22,400 shares changing hands, closed at $12.70 with a 20 cents increase. Scotia Group traded 134,944 units in closing at $24.12 for an increased just 2 cents and Proven Investments ordinary share, traded 1,208,025 units at 19.5 US cents after losing 0.05 cents.