The Jamaica Stock Exchange Market Index climbed another 655.78 points on Friday to another record close of 241,606.22, the second consecutive day of record close.
The All Jamaica Composite Index closed within 212 points of the record close of May 17, this year, with the index advancing 719.76 points to close at 265,176.94. The JSE US dollar market index closed at 188.42 with 1 security trading in the US dollar market.
At the close of trading, 25 securities changed hands in the main market leading to 15 stocks advancing including two new highs and 9 declining. The main market ended with 2,406,199 units valued at $41,645,948 changing hands compared to 4,006,769 units valued at $51,512,263 at the close on Wednesday. Trading in the US dollar market accounted for 9,113 units valued at US$9,113 bringing the total of all trades to just J$41,925,899.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 6 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 96,248 units valued at 1,665,838 for each security traded compared to an average of 166,949 units valued at $2,146,344. The average volume and value for the month to date ended at 118,357 units with an average value of $2,356,369 compared with an average of 119,521 units with an average value of $2,389,059 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Berger Paints gained $1 at the end of trading to close at $18 with 36,598 shares changing hands, Cable and Wireless added 3 cents to close at $1.05, with 254,868 stock units switching owners, Caribbean Cement traded $1.50 higher to close at $31.50 exchanging 26,431 shares, Carreras closed at $91.20 with a loss of 41 cents trading 10,417 units, Grace Kennedy closed at $41, after losing 95 cents in exchanging 26,799 shares. Jamaica Broilers closed at $19.50, gaining 50 cents with trades of 51,000 shares, Jamaica Producers gained 1 cent, closing at $14.98 with 29,677 shares traded. Jamaica Stock Exchange lost 30 cents to close at $6 exchanging 34,820 shares, JMMB Group was down 35 cents, closing at $19.65, with trades of 774,521 shares, Kingston Properties closed at $8 with gains of 80 cents trading 2,394 shares, Kingston Wharves closed 99 cents lower to $29.01, with 1,786 units switching owners. Mayberry Investments added 1 cent to close at $4.62 trading 51,333 shares, NCB Financial Group traded $3 higher to a record close of $80, after exchanging 120,834 shares, 138 Student Living closed at $5, gaining 45 cents, trading 948 units, PanJam Investment climbed $1, closing at $34 in trading 31,062 shares, Portland JSX lost 50 cents, closing at $9.50 while exchanging 81,517 shares, Pulse Investments traded 18 cents lower to $2.31, with an exchange of 404,166 shares, Radio Jamaica gained 15 cents to close at $1.45 with 17,772 shares exchanged. Sagicor Group lost 50 cents, with 13,171 shares traded, to close at $31, Sagicor Real Estate Fund gained 30 cents, closing at $10.80 and trading 202,621 shares, Scotia Group closed at $44.80, after losing 19 cents with 103,886 shares traded, Supreme Ventures gained 31 cents to close at $7.99 with 126,504 shares exchanged. Proven Investments US ordinary shares closed at 24 US cents trading 9,113 units, JMMB Group 7.25% preference share closed at a record $1.60, with gains of 5 cents exchanging 248 units, JPS 7% preference share traded 1,326 units at 45 cents and JMMB 7.5% preference share gained 14 cents to close at $1.99 trading 1,500 units.
JSE index at new record close Friday
July 28, 2017 by IC Insider.com
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB, JMMB Group, JPS, Kingston Properties, Kingston Wharves, Mayberry Investments, NCB Financial Group, PANJAM Investment, Portland JSX, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Supreme Ventures, Trading Activity
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