Scotia Group dropped by $2.43 on the JSE on Thursday.
The Jamaica Stock Exchange surged for the second straight day with all three main indices closing sharply higher at the end of trading on Thursday, even as Scotia Group fell back by $2.43 as well as National Commercial Bank and Sagicor Group by $1 each. Gains in Carib cement, Jamaica Broilers, Portland, Sagicor X Fund and Supreme Ventures offset the big losers.
At the close of the market prices of 17 securities gained out of a total of 40 securities that traded, with 16 declining in the overall market, including 6 stocks, rising and 6 falling in the junior market.
Trading closed with 9,321,811 units valued at $97,260,492 changing hands, in all market segments. The junior market accounted for 3,881,493 units, valued at $11,818,736 of all trades.
The JSE Market Index jumped 865.34 points to end at 162,560.77, the all Jamaica Composite Index climbed 967.74 points to close at 180,834.09 and the JSE combined index surged 898.41 points, to end at 173,767.56.IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 12 stocks with bids higher than their last selling prices and just 1 with a lower offer.
At the end of market activities, Berger Paints traded 85,404 shares to end at $5, Cable & Wireless traded 211,098 shares and closed at $1.10 after falling 5 cents, Caribbean Cement climbed 75 cents in trading 7,400 shares to close at $26, Carreras rose 1 cent, in trading 141,600 shares to end at $66.01. The price of 1834 Investments declined by 10 cents to close at $1.30, in trading 96,436 shares, Grace Kennedy ended at $45 with 49,232 shares changing hands, Jamaica Broilers rose 49 cents with 3,000 shares changing hands, to end at $15, Jamaica Producers rose 5 cents to close at $8.25 with 885,713 units trading. Jamaica Stock Exchange had 12,000 units changing hands to close at $24, and record a gain in price of $2.50, JMMB Group traded 500,479 units to end with a loss of 1 cent at $9.86. Mayberry Investments lost 28 cents with 43,869 shares trading, to close at $3.82,
National Commercial Bank had 179,619 units changing hands, to close at $41 after falling by $1.Pan Jamaican Investments shed 20 cents to close at $25 after trading 12,977 shares,Portland JSX traded 462,413 shares and rose 50 cents to end at $11.50, Pulse Investments traded 25,000 shares to close at $3.86, Radio Jamaica lost 4 cents in trading 292,253 shares to end at $1.66, Sagicor Group shed $1 with 1,027,275 shares changing hands at $21. Sagicor Real Estate Fund traded 350,000 shares and climbed 25 cents to close at $10.25, Scotia Group dropped $2.43 while trading 4,815 shares to end at $30, Seprod gained 10 cents to close at $19 with 320,579 shares changing hands. Supreme Ventures gained 29 cents and ended at $4.99, with 393,464 units changing hands and Jamaica Money Market Brokers Ltd 7.50% preference share, traded 324,092 units at $2.09.
