JSE jumps 3000 points to record close – Tuesday

The main market of the Jamaica Stock Exchange hit several new record highs throughout the trading session on Tuesday and ended with strong gain to close just below the 344,000 points level.
At the close, the All Jamaican Composite Index jumped 3,071.05 points at 343,950.94 and the JSE Index climbed 2,798.07 points to close at 313,378.13. Earlier in trading session, the All Jamaica hit a new intraday high of 341,987.04 points and the JSE Index 311,588.81.
Trading in the main market ended with 34.917.482 units valued at $108,176,982 versus 2,332,453 units valued at $28,665,085 on Monday.
Market activities resulted in 29 securities trading including 3 in the US dollar market compared to 31 securities trading on Friday. At the end of trading, the prices of 15 stocks rose, 8 declined and 6 traded unchanged.
The day’s volume was led by, JMMB Group 7.5% preference trading 27,800,000 shares at 99 cents, Jamaica Stock Exchange closing at $7.30, with 2,972,200 shares, and Carreras concluding trading at $9.47 with 1,071,337 units.
Major price changes| Carreras concluded trading at $9.47, after rising 47 cents with 1,071,337 units, Grace Kennedy jumped $3 to $56 in trading 161,314 shares, Jamaica Broilers rose 40 cents to $25.90, trading 9,471 stock units. JMMB Group climbed $1.90 and ended at $29.90, exchanging 1,700 shares, Mayberry Equities traded with a gain of $1.59 to end the day at $9.15 with 963,295 units trading, Sagicor Group gained 50 cents and settled at $38.50, with 14,775 shares, Scotia Group traded 57,671 units but fell $1 to end at $51.10 and Seprod shed $1.50 and finished trading at $32.50, with 2,529 shares changing hands.
Trading in the US dollar market closed with 7,827 units valued at US$6,500 as JMMB Group completed trading at $1.05 with 5,586 stock units and Productivity Business ended trading with a gin of 9 cents at 59 US cents with 541 shares changing hands and Proven Investments lost 1 cent to 18 US cents with 1,700 shares trading The JSE USD Equities Index rose 5.76 points to 153.52.
Trading resulted in an average of 1,342,980 units valued at over $4,160,653, in contrast to 80,429 shares valued at $988,451 on Monday. The average volume and value for the month to date amounts 169,022 units valued at $3,514,756 compared to 173,907 units valued at $3,499,633 on Friday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 12 stocks ended with bids higher than their last selling prices and 3 closing with lower offers.

 

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