Jamaican stocks push higher Wednesday

Bulls are at large in down town Kingston.

Prices of stocks, moved mostly higher on the main market of the Jamaica Stock Exchange, to close at an all-time high on Wednesday, but with more modest gains in the indices than for the two previous trading days.
At the close the All Jamaica Composite Index gained 204.60 points, to close at 212,416.50. The JSE Market Index climbed 182.94 points to finish at 194,312.69.
The JSE combined index rose 211.15 points to close at 206,763.30.
Market activity ended with 36 securities changing hands. At the close, the prices of 13 stocks gained while 15 declined in the overall market, including 7 stocks rising and 5 falling, in the junior market.
At the close with 3,784,854 units valued at $25,405,860 changed hands, compared to 7,231,425 units valued at $86,467,161 changing hands on Thursday. Of the stocks traded, the junior market accounted for 2,710,965 units changing hands, valued at $12,580,140.
The average trade for the day in the main market ended at 70,171 shares compared to an average of 289,026 units traded on Tuesday. The average for the month to date is 179,598 units and December ended with an average of 549,379 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 16 stocks with bids higher than their last selling prices and 7 with lower offers.
In market activity, Barita Investments rose by 50 cents while trading 57,000 shares at a new high of $6.50, Berger Paints ended with 46,842 units changing hands at $5.80, Cable & Wireless lost 1 cent to close at 82 cents with 667,394 units trading, Caribbean Cement ended with a $1 rise while trading 3,915 shares at $34. Carreras fell 40 cents to close at $66 with 28,450 shares changing hands, Grace Kennedy gained 49 cents to close at $40.49 with 79,915 shares changing hands. Jamaica Broilers gained 35 cents and closed at $14.50 with 153,977 shares changing hands, Jamaica Producers gained 10 cents to end at $9.50 with 27,639 units trading, Jamaica Stock Exchange lost 8 cents in trading 221,631 shares, to end at $5.52. JMMB Group traded 14,000 units and lost 39 cents to end at $14.60, Kingston Wharves slipped 3 cents and traded 5,215 at $22, Mayberry Investments lost 5 cents to end at $4.75 with 4,080 shares changing hands. National Commercial Bank traded 10,664 shares with a gain of 25 cents to close at $50.25. PANJAM Investment traded 6,808 shares and shed $1 to close at $26.50. Radio Jamaica rose 3 cents to close at $1.28 after 15,565 shares changed hands, Sagicor Group gained 4 cents and closed with 7,845 shares changing hands at $29.04, Sagicor X Fund ended with 5,600 units trading, with a loss of 30 cents to close at $10.20. Scotia Group with 10,568 shares changing hands and closed with a gain of $1.30 at $37, Scotia Investments gained 50 cents with 1,000 units trading, to end at $30, Supreme Ventures traded 67,975 shares and lost 39 cents to end at $5.01, Proven Investments traded 50,294 ordinary shares traded at an intraday 52 weeks’ high of 23 US cents but ended at 22 US cents and JMMB Group 7.5 percent preference share traded 383,717 units $1.08.

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