Jamaica Stock Exchange climbs on Monday.
The main market of the Jamaica Stock Exchange moved higher at the close on Monday but with declining stocks outnumbering advancing ones by a ratio of nearly 2 to 1 as trading levels ended below that on Friday.
The All Jamaica Composite Index rose 635.17 points to close at 291,967.27 and remaining above resistance at 290,000 points. The JSE Market Index gained 578.71 points to 266,015.23 and the JSE US dollar market index declined 1.17 points to 185.22.
At the close of trading, 26 securities changed hands in the main market with 2 trading in the US dollar market, leading to 5 stocks advancing and 13 declining. The main market ended with 4,726,576 units valued at $111,468,464 changing hands compared to 6,670,620 units valued at $121,164,271 at the close on Friday. Trading in the US dollar market accounted for 16,750 units valued at US$4,313 bringing the total of all trades to J$112,029,216.
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 4 stocks with bids higher than their last selling prices and 3 with lower offers.
The main market ended trading with an average of 181,791 units valued at $4,287,249 for each security traded compared to an average of 247,060 units valued at $4,487,566. The average volume and value for the month to date ended at 185,205 units with an average value of $3,263,060 compared with an average of 185,774 units with an average value of $3,116,747 on the previous trading day. The average volume and value for August ended at 184,094 units with an average value of $4,336,090.