JSE climbs sharply to record close – Tuesday

Investors pushed the Jamaica Stock Exchange o another record close on Tuesday with the All Jamaican Composite Index jumped 3,471.47 points to close at 336,007.19 and the JSE Index climbed 3,162.90 points to 306,140.51.
Market activities resulted in 25 securities trading, compared to 33 on Monday in the main and US dollar markets of which 10 advanced, 8 declined and 7 traded firm.
Stocks with major price changes are, Caribbean Cement with a fall of $1 to $39.50, Jamaica Broilers gaining $1.20 to $22.80, NCB Financial Group rising $1 to $98, Seprod rising $1 to $36 and Supreme Ventures climbing $1.50 to $15.
The volume of stocks trading on the main market jumped sharply to 11,446,622 units valued at $579,818,518 from 3,192,844 units valued at $66,838,582, on Monday as NCB Financial Group accounted for 5,014,800 units traded amounting to 43.81 percent of the total volume traded. Supreme Ventures closed trading with 20.25 percent of the day’s volume amounting to 2,317,772 units and Jamaica Broilers with 1,005,810 units or just 8.79 percent of the overall volume.
Trading resulted in an average of 497,679 units valued at an average of $25,209,501 for each security traded. In contrast to 106,428 units valued at an average of $2,227,953 on Monday. For the month to date 215,958 units traded with an average value of $7,679,455 and on the previous day 184,656 units traded with an average value of $5,451,880. May closed with an average of 589,414 shares with a value of $16,532.367, for each security traded.
In the US dollar market, 4,741 units valued at just US$1,039 traded as Margaritaville closed with a loss of 0.05 cent at 19.95 US cents with 4,500 units and Productivity Business settling with a loss of 0.04 cent at 58.5 US cents trading 241 shares. The JSE USD Equities Index dropped 5.76 points to close at 160.75.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 6 closing with lower offers.
For more details of market activities see – NCB pushes JSE trading volume on Tuesday.

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