JSE jumps sharply – Tuesday

The Jamaica Stock Exchange enjoyed strong positive gains in the indices at the close of the market on Tuesday, resulting in the All Jamaican Composite Index jumped 3,314.64 points to 332,264.99 and the JSE Index climbed 3,020.01 points to close at 302,730.94.
Trading declined to 3,056,707 units valued at just $56,317,502, compared to 3,772,367 units valued at $82,289,848 on Monday.
Radio Jamaica was the only major trade with 890,251 units and was followed by Ciboney Group with 459,442 units.
Market activities resulted in 29 securities trading, compared to 25 on Monday, in the main and US markets. At the close, 12 securities gained, 7 declined and 10 traded firm
Stocks with major price changes are, Berger Paints that fell 50 cents to $19.50, Grace Kennedy losing 49 cents to $49.50, Kingston Wharves declining 50 cents to $45.50, Mayberry down 45 cents to $6. PanJam Investment climbing $1 to $46, Sagicor Group falling $1 to $39.500, Scotia Group losing 87 cents to $52, Seprod that jumped $7 to $36 and Sterling Investments falling $3.30 to $9.50.
Trading resulted in an average of 117,566 units valued at over $2,166,058, in contrast to 139,717 shares valued at $3,047,772 on Monday. For the month to date, an average of 150,425 units valued at $4,012,646, traded, in contrast to 167,512 units traded with an average of $4,972,872 on Monday. May closed with an average of 589,414 shares with a value of $16,532.367, for each security traded.
In the US dollar market, 181,285 units traded with a value of US$44,987 as Productive Business Solution traded 785 shares at 62 US cents, Proven Investments ended with 170,000 units trading at 20 US cents, Sterling Investments lost 1 US cent in ending at 9 US cents while 15,000 units changed hands and JMMB Group 6% preference share finished trading at US$1 with 10,500 units trading. The JSE USD Equities Index added 0.37 points to close at 167.26.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 7 closing with lower offers.