JSE jumps Thursday up 11% for April
April 30, 2015 by IC Insider.com
The strong market activity on Thursday, resulted in the prices of 23 stocks rising, 5 declining as 34 securities changed hands, ending in 7,695,548 units trading, valued at $109,643,238, in all market segments. The JSE Market Index gained 1,987.22 points to 93,264.43, the JSE All Jamaican Composite index jumped 2,221.80 points to close at 102,992.25 and the JSE combined index gained 2,133.14 points to close at 95,042.74. At one point during trading, the market recorded more than 3,000 points gain on the all Jamaica Composite index.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 13 stocks with bids higher than their last selling prices and only 2 with offers that were lower. This out turn indicates another strong day ahead for price movements.
The main stocks trading| Caribbean Cement traded only 100 shares, gained 55 cents to end at $3.85, but closed with the bid at $3.88, Carreras ended trading with 31,886 shares to close at a new 52 weeks’ high of $47.08, but ended with a bid at $47.49, followed by Desnoes & Geddes with only 500 units in closing at a new 52 weeks’ high of $6.02. Hardware & Lumber had only 480 units changing hands, gained 45 cents to end at $7.50, Jamaica Broilers closed with 24,500 shares at $4.75, after falling by 35 cents, Jamaica Producers lost 25 cents with 60,000 shares to end at $17.25. JMMB Group gained 50 cents and closed at a new 52 weeks’ high of $8 with 13,250 shares changing hands, Kingston Wharves traded 16,105 units with the price declining 56 cents to $5.95. Mayberry Investments had 711,200 units changing hands a new 52 weeks’ high of $2.60, National Commercial Bank traded 3,066,787 shares between $29.50 and the closing price and closed with a gain of $1.58 at a new 52 weeks’ high of $30.08. Pan Jamaican Investment price fell $3 with only 885 units trading at $57, Sagicor Group had 290,390 shares and closed 21 cents higher for a new 52 weeks’ high of $11.01. Scotia Group traded 58,380 shares to gain 25 cents and end at a new 52 weeks’ high of $23.25, Scotia Investments traded just 910 units to gain $2.90 and closed at $27, Seprod had only 630 units trading, to end at $18.50 and Supreme Ventures traded 515,400 units to close at $3.50, but traded as high as $3.75, for a new 52 weeks intraday high.
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Caribbean Cement, Carreras, Desnoes & Geddes, H&L, Jamaica Broilers, Jamaica Producers, JMMB Group, Kingston Wharves, Mayberry Investments, National Commercial Bank, Pan Jamaican Investment, Sagicor Group, Scotia Group, Scotia Investments, Seprod, Supreme Ventures
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