JMMB Group closed at a new 52 weeks’ high of $9
The JSE Market Index gained 483.17 points to 97,235.21, the JSE All Jamaican Composite index rose 540.21 points to close at 107,431.77, a 3 ½ year high and the JSE combined index gained 455.12 points to close at 99,137.58.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 11 stocks with bids higher than their last selling prices and 3 with offers that were lower.
In trading, Barita Investments ended trading with 15,380 shares trading to close 5 cents higher at $2.30 as demand chips in for the stocks with the company releasing half year results, showing profits of $130 million versus $105 million in 2014. Desnoes & Geddes closed with 520,891 shares trading to close unchanged at $7, Grace Kennedy finished trading with 31,762 units 50 cents higher at a new 52 weeks’ high of $65.50, JMMB Group saw trading in 243,133 shares and rose 70 cents to a new 52 weeks low of $9. Mayberry Investments ended with the price slipping 15 cents to $2.65 with 501,020 shares changing hands. Mayberry released first quarter result after trading showing earnings of $82 million or 7 cents per shares, after booking the full amount of asset tax in the quarter.
National Commercial Bank closed unchanged with 575,063 shares at $30, Sagicor Group finished trading with 89,919 units and gained 14 cents to end at $12. Scotia Group concluded trading with 30,700 shares changing hands unchanged at $25, Supreme Ventures completed trading in 20,000 shares at $3.90 and gained 30 cents in the process, Proven Investments had dealing in 23,600 ordinary share at 21 US cents and Jamaica Money Market Brokers 8.75% preference share contributed 389,300 units at $3.