Stocks closed much higher on the Jamaica Stock Exchange main market on Friday than on Thursday as the JSE All Jamaican Composite Index increased by 96.51 points to 325,799.33 and the JSE Index advanced by 87.93 points to 296,840.01.
At the close, 25 securities traded, compared to 26 on Thursday and ended with the prices of 7 stocks rising, 11 falling and 8 trading firm, in the main and US dollar markets.
At the close of trading, Kingston Properties gained $1.39 to $6.64, Kingston Wharves fell $1.45 to $48.05, NCB Financial rose $2 to $97 after the banking group posted increased profit for the six months to March and Portland JSX jumped $1.89 on positive year end results.
Main market activity ended with 22,131,577 units valued at $314,568,605 compared to 6,955,242 units valued at over $271,269,169 on Thursday. At the close of trading Wisynco Group ended with 8,307,655 units and accounted for 37.54 percent of the day’s volume followed by Ciboney Group with 7,063,873 units and 31.92 percent of the volume and Sagicor Group closed with 4,907,816 units and 22.18 percent of the day’s volume.
Trading resulted in an average of 922,149 units valued at an average of $13,107,025 for each security traded. In contrast to 289,802 units valued at an average of $11,302,882 on Thursday. The average for the month to date is 723,010 shares with a value of $5,999,413 and previously 713,135 shares with a value of $5,603,629.
NCB closed $2 higher on Friday.
In contrast, March closed with an average of 626,526 units with an average value at $20,492,207 for each security traded.
Trading in the US dollar market, ended with Proven Investments falling 3 cents to 22 US cents trading 183,095 units on Friday and leaving the Market index down 13.44 points to 164.44.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 11 stocks ended with bids higher than their last selling prices and 1 closing with a lower offers.
For more details of market activities see – Trading on JSE main market elevated – Friday.
