JSE AJI leaps 14,744 points to record close

NCB recovers to boost market index to reach new record close.

NCB Financial recovered to close at $190 on Monday and pushed the market to record close after it tumbled on Friday with NCB pulling the overall market down sharply.
Trading ended with the JSE All Jamaican Composite Index surged 14,743.84 points to a record close of 522,695.11 and the JSE Index leaped 13,398.28 points to record close at 475,981.60.  The rise in the largest capitalized company on the stock exchange, NCB, pushed the JSE Financial Index by 4.86 percent in closing at 127 points, up 27 percent since the start of March.
Market activity resulted in 36 securities trading in the main and US dollar markets and leading to 10 securities advancing, 15 declining and 9 trading firm. Market activity ended with 34,066,074 units valued $403,962,467 compared to 91,225,711 units valued $1,203,688,593 changing hands, from 41 securities on Friday.
Wigton Windfarm led trading with 18.7 million shares for 55 percent of total main market volume, followed by JMMB Group 7.5% preference with 7 million stock units for 20.6 percent of total volume, Scotia Group with 5.2 million units for 15 percent of total volume. Carreras ended trading with 925,937 units and Wisynco Group with 699,978 shares.
The market closed with average of 1,001,943 units valued at an average of $11,881,249 for each security traded, in contrast to 2,400,677 units for an average of $31,676,016 on Friday. The average volume and value for the month to date amounts to 1,191,212 shares valued at $10,995,507 changing hands, compared 1,162,295 shares valued at $4,766,694 for each securities traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 5 with lower offers.
In the main market activity, Berger Paints gained 50 cents to close at $18.50, with 251,500 units changing hands, Eppley dropped $1.20 to $17.25, in exchanging 19,920 stock units, Jamaica Broilers lost 88 cents to close at $33.12, with 12,703 shares changing hands, Jamaica Producers lost 99 cents and concluded trading of 2,300 shares, at $29. Kingston Wharves rose $1 and ended trading 3,120 shares at $71, NCB Financial rose $2.01 trading 83,739 shares at $190.01, Sagicor Group lost 60 cents trading 223,697 stock units to end at $57.10, Sagicor Real Fund rose 30 cents to $9.50 while trading 8,650 units. Scotia Group ended trading of 5,184,563 shares with a decline of 48 cents to close at $57 and Seprod rose $1 and settled at $48 trading 18,004 shares.
Trading in the US securities market resulted in 60,775 units valued at $9,753 units changing hands. Market activity ended with Proven Investments trading 22,155 shares to close at 25 US cents and Sygnus Credit Investments with a loss of one cent to 11 US cents, in trading 38,620 units. The JSE USD Equities Index closed 0.95 points up at 187.24.

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