Grace jumps $10.99 to $55 – Wednesday

Grace Kennedy gained $10.99 to close at $55 on Wednesday

Grace Kennedy jumped $10.99 to end at an all-time record high of $55, with just 14,941 units changing hands as the supply of the stock was virtually non-existent during the trading session.
The movement takes place after the group posted improved operating results for 2017 with earnings per share of $4.14 as a result of profits of $4.1 billion.
Main market activity ended with 28 securities changing hands, with 12 securities rising, 7 falling, 9 trading firm on Wednesday. Trading ended with 5,151,580 units valued at $52,948,353.
At the close of trading, the JSE All Jamaican Composite Index lost 682.73 points to 321,101.12 and the JSE Index declined by 622.05 points to 292,559.42.
In main market activity, Barita Investments closed 50 cents higher at $8, with 8,034 shares, Berger Paints ended 95 cents higher at $17.95, with 9,276 stock units, Carreras finished at $10.95, with 91,331 shares traded, Caribbean Cement settled at $33.50, with 1,500 shares, Ciboney Group ended trading 2 cents higher at $0.12, with 881,196 shares. Jamaica Broilers finished trading 49 cents higher at $18.98, with 93,815 units, Jamaica Producers closed $1.99 higher at $16.99, with 60,109 shares, Jamaica Stock Exchange ended 21 cents higher at $6.71, with 25,680 shares. JMMB Group concluded trading at $26.49, with 251,445 shares, Kingston Properties finished at $6.65, with 300 stock units, Kingston Wharves settled at $40, with 389,197 units, Mayberry Investments ended trading with a loss of 43 cents at $5.35, with 9,340 shares. NCB Financial Group traded 3 cents higher at $99, with 101,277 shares, 1834 Investments finished trading with a loss of 4 cents at $1.15, with 220,000 shares, Pulse Investments finished 5 cents higher at $1.80, with 6,375 shares, Radio Jamaica settled with a loss of 7 cents at $1.07, with 44,192 shares. Sagicor Group ended trading with a loss of 37 cents at $37.13, with 79,536 stock units, Sagicor Real Estate Fund ended trading with a loss of 25 cents at $16.75, with 94,700 shares, Scotia Group finished trading 25 cents higher at $51.25, with 2,650 shares, Seprod closed at $32, with 100 shares, Sterling Investments ended at $14, with 912 shares. Supreme Ventures concluded trading with a loss of 25 cents at $11.70, with 173,413 stock units, Victoria Mutual Investments finished at $4.50, with 1,394,445 units, Wisynco Group settled 10 cents higher at $10.60, with 68,818 shares and. In the main market preference segment, Jamaica Money Market 7.5% ended trading at $2.60, with 1,000 shares, JMMB Group 7.5% closed 3 cents higher at $1.02, with 923,998 shares, Proven Investments 8.25% settled with a loss of 85 cents at $5.15, with 204,000 units changing hands.
Prices of securities trading for the day are those at which the last trade took place. For more details of market activities, see “JSE main market pulls back – Wednesday.”

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