JSE main market climbs – Friday

Stock prices mostly rose in trading on the main market of the Jamaica Stock Exchange on Friday with the market indices rising after gainers beat losers 2 to 1.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading jumps to 17 stocks ending with bids higher than their last selling prices and 3 with lower offers, an indication that the market could move higher on Monday.
At the close of trading, 35 securities changed hands in the main and US dollar markets, from 39 on Thursday and ending with 19 advancing, 9 declining and 7 traded firm.
The JSE All Jamaican Composite Index jumped 3,791.98 points to close at 561,856.35, the JSE Index climbed 3,353.79 points to 511,325.29 and the JSE Financial Index advanced by 2.06 points to close at 141.26.
Main market activity, ended with 40,634,550 units valued at $123,950,544, in contrast to 146,463,942 units valued at $2,436,661,814 on Thursday.
Wigton Windfarm dominated trading with 36.6 million shares for 90 percent of total volume, followed by Sagicor Select Fund with 1.37 million units accounting for 3 percent of the day’s trade and Wisynco Group with 571,098 shares for under 1.4 percent of the market’s trade.
The Market closed with an average of 1,269,830 units valued at an average of $3,873,455 for each security traded, in contrast to 4,068,443 units for an average of $67,685,050 on Thursday. The average volume and value for the month to date amounts to 1,391,725 units valued at $12,363,616 and previously an average of 1,397,353 units valued at $12,776,511 for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
In main market activity, Barita Investments leaped $10 to close at $83 with 269,426 units trading, Berger Paints traded 155,000 shares and lost $1 to close at $18, Eppley Caribbean Property rose 13 in closing at $36, after exchanging 1,720 shares. Grace Kennedy closed with a loss of 39 cents at $69.41 while trading 23,091 units, Jamaica Broilers ended at $36.20, after rising 40 cents with 12,569 shares changing hands. Jamaica Producers shed 95 cents, settling at $23.55 in trading 8,560 units, JMMB Group gained $1.60 to $44.80 after exchanging 285,414 shares, Kingston Wharves dropped $8 to $47 in trading 48,210 shares. NCB Financial climbed $3.88 to settle at $210 while trading 27,780 units, Proven Investments added 50 cents to end at $40 with 10,557 stock units changing hands. Pulse Investments rose 67 cents in swapping 343,014 units at $3.85, Sagicor Group closed with a loss of $1.99 to settle at $69.01 with 96,796 shares crossing the exchange. Sagicor Real Estate Fund gained $1.01 to settle at $11.90 with an exchange of 113,173 shares, Scotia Group gained $1 to end at $60 while exchanging 113,173 shares and Wisynco Group traded 571,098 and rose $1.01 to end trading at $23.51.
Trading in the US dollar market ended with 1,480,424 units valued at $392,573 with the market index lost 0.68 points to close at 200.47. Proven Investments traded 1,440,915 shares, to close at 27 US cents, Sygnus Credit Investments settled at 14 US cents trading 21,115 shares, Sterling Investments ended at 3 US cents in exchanging 18,394 shares.