JSE climbs on increased volume

The main market of the Jamaica Stock Exchange on Friday saw all market indices advancing as rising stocks edged out decliners with a strong rise in the volume and value of stocks traded.
At the close, the JSE All Jamaican Composite Index advanced 2,131.56 points to close at 567,963.57. The JSE Index gained 1,913.76 points to 516,858.96 and the JSE Financial Index rose 0.11 points to close at 141.39.
Trading ended with 38 securities changing hands in the main and US dollar markets with 16 advancing, 14 declining and 8 trading firm. Main market activity ended with 35 securities trading resulting in 23,630,643 units valued at $239,877,355 in contrast to 17,528,310 units valued at $59,397,804 on Thursday.
QWI Investments led trading with 7.7 million shares for 33 percent of total volume after closing at an all-time low of $1,25, followed by Wigton Windfarm with 6.3 million units accounting for 27 percent of the day’s trade and Sagicor Select Funds with 2.6 million shares for 11 percent of the market’s trade. Also trading more than a million shares, are  Jamaica Stock Exchange and Kingston Wharves with just over 2 million units.
The Market closed with an average of 675,161 units valued $6,853,639 for each security traded, in contrast to 547,760 units for an average of $1,856,181 on Thursday. The average volume and value for the month to date amounts to 1,000,589 shares at $3,884,374 for each security traded and previously 1,108,042 units valued at $2,903,957 for each stock traded. The market closed out September with an average of 1,585,081 units valued at $14,071,562 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ended with bids higher than their last selling prices and 2 with lower offers.
In main market activity, Berger Paints lost 50 cents to close at $19.50 with 13,636 units traded, Grace Kennedy ended with gains of 80 cents, closing at $71 with 13,320 shares changing hands, Jamaica Producers climbed by $1.49, to settle at $25 with 29,791 shares crossing the exchange. Jamaica Stock Exchange lost 48 cents, after exchanging 2,009,880 shares to settle at $27.02, JMMB Group closed $1.10 higher at $46.50, with 103,069 shares changing hands, Kingston Wharves advanced $3.20 to $61.50 with 2,003,710 shares traded. Mayberry Jamaican Equities gained 32 cents to close at $11.52, after trading 5,558 shares, NCB Financial dipped $3.90 to settle at $206.10 with  an exchange of 20,585 units, Pan Jamaican Investment lost 99 cents in exchanging 6,095 shares, ending at $104.01, Sagicor Group added $1 to settle at $71 in trading 123,026 shares. Seprod gained $2 to end at $55 with 92,233 shares changing hands, Supreme Ventures ended at $26 and advancing $1.30 cents in trading 18,907 shares and Wisynco closed 99 cents lower at $23, with 142,804 shares trading.
Trading in the US dollar market ended with 534,180 units valued US$144,063 with the market index falling 1.49 points to close at 198.51. Proven Investments exchanged 531,430 shares, to close at 26.99 US cents, Sygnus Credit Investments traded 2,500 units and lost 1.3 cents to end at 13.7 US cents and JMMB Group 5.5% preference share traded 250 shares, to close at US$2.

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