The main market of the Jamaica Stock Exchange, surged 14,819.23 points on Thursday, the biggest single one day ever, bettering the increase of 12,549.67 points rise on Wednesday.
Thursday move led the All Jamaica Index to close at a record high of 433,307.22, beating the record close on Wednesday of 418,487.99 and the JSE Index rose 10,027.28 points to close at a record high 381,289.90.
Strong gains in NCB Financial Group up $10.01 to end at a record close of $160, PanJam Investment and Sagicor Group were the main contributor to the market’s record move, on a day when five stocks closed at record highs.
Market activity ended with 5 securities closing at record highs as 35 securities in the main and US dollar markets changed hands, compared to a 27 on Wednesday. At the end, prices of 13 stocks rose, 11 declined and 11 remained unchanged.
The main market ended with 9,092,070 units valued at over $158,769,688 changing hands, compared with 62,089,588 units valued at over $136,855,615 exchanged, on Wednesday.
The main market ended with Supreme Ventures leading with 3,003,893 units, accounting for 33 percent of the day’s trades, followed by Mayberry Jamaica Equities with 1,516,695 units or 16.7 percent of the day’s volume and JMMB Group with 1,064,094 units with 11.7 percent of the day’s trades.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than the last selling prices and 3 closing with lower offers.
Trading resulted in an average of 284,127 units valued at over $4,961,553, in contrast to 2,299,614 shares valued at $5,068,726 on Wednesday. The average volume and value for the month to date, amounts to 403,611 valued at $7,228,391, compared to 410,125 valued at $7,009,413. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In main market activity, Barita Investments rose $1.01 to a record close of $24.01, trading 1,000 shares, Carreras gained 45 cents and concluded trading of 60,911 units at $9.50, Grace Kennedy declined $3 in trading of 37,477 shares at $55, Jamaica Broilers gained $1, trading 116,853 stock units at $30, Kingston Wharves dropped $2.21 in trading 799 shares to end at $75.79. NCB Financial Group jumped $10.01 to end trading at record close of $160 with 103,510 shares, Palace Amusement jumped $300 to finish trading 100 shares at $1,300.00, PanJam Investment jumped $1.50 to $71.50, with an exchange of 38,300 stock units, Sagicor Group rose $4.99 trading 398,452 shares at $50, Sagicor Real Estate Fund fell 40 cents to settle at $11.50, exchanging 11,315 shares. Salada Foods climbed $3.50 to end trading of 1,000 stock units at record high of $29.00, Scotia Group traded 41,371 shares and shed $1 to close at $58, Seprod added 50 cents trading of 27,408 shares, to close at $32.50, Sterling Investments rose 60 cents and closed at $4.70, with 200 shares changing hands and Supreme Ventures fell $1.39 to end at $15.60, with an exchange of 3,003,893 shares.
Trading in the US dollar market amounted to 65,958 units valued at $15,630 as JMMB Group 6% preference share close trading with 1,000 units to close at US$1.05 and Proven Investments rose 1 cent and ended trading of 20,758 shares at 20 U$ cents and Sygnus Credit Investments US dollar based ordinary share dropped 2 cents in trading 44,200 units at 11 US cents. The JSE USD Equities Index closed with a rise of 6.77 to close at 166.21.
