JSE main market gains – Wednesday

Prices of 14 securities rose and 15 declined and just 5 held firm when the Jamaica Stock Exchange closed on Wednesday from 34 securities trading in the main and US dollar markets compared to 33 trading on Tuesday.
At the close of trading, the All Jamaica Composite Index advanced by 1,658.37 points to 382,756.89 and the JSE Index gained 1,510.97 points to close at 348,734.83.
Sterling Investments ended at a 52 weeks’ closing high at $18.50, PanJam Investment traded at an intraday high of $60 while Sagicor Real Estate Fund trading at a 52 weeks’ low of $10.68.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading is very strong for continuation of the market’s rally and shows 8 stocks ended with bids higher than their last selling prices and only 1 closing with a lower offer.
The main market ended with 117,820,162 units valued at $2,898,097,993 compared to 24,501,665 units valued at $302,847,453 changing hands on Tuesday.
The day’s volume was led by, JMMB Group dominated trading 102,542,622 units and 87.03 percent of the day’s volume, followed by Sagicor Real Estate Fund with 10,177,834 shares accounting for 8.64 percent of main market volume and 138 Student Living with 3,333,334 units and just 2.83 percent of the day’s volume.
Trading resulted in an average of 3,681,880 units valued at over $90,565,562, in contrast to 844,885 shares valued at $10,443,016 on Tuesday. The average volume and value for the month to date amounts to 579,751 shares valued $9,695,343, compared to 387,743 shares valued $4,414,023 traded on the immediately preceding trading day. August closed, with an average of 224,564 shares valued at $4,310,285, for each security traded.
In the main market activity, Barita Investments climbed 84 cents and closed at $18 with 205,636 shares changing hands, Berger Paints rose 32 cents to $22.43, in exchanging 1,500 stock units, Caribbean Cement shed $1.51 to finish at $47.99, in the trading of 15,599 shares, Grace Kennedy rose $1 and finished trading 57,180 shares at $59, Jamaica Broilers jumped $2.75 in trading 73,741 stock units, to close at $28.75, Jamaica Producers rose 50 cents and finished trading 146,786 units at $27, Kingston Wharves dropped $3.70 to $70.30, with 10,470 stock units changing hands, Mayberry Investments lost 25 cents and settled at $8.25, exchanging 13,000 units, NCB Financial Group lost $2 and ended trading of 76,697 shares at $118, PanJam Investment climbed $2.74 and closed at $56.24, while exchanging 53,945 stock units, after it hit a 52 weeks’ high of $60, Sagicor Real Estate Fund gained 99 cents to settle at $12, trading 10,177,834 shares, Scotia Group lost $2 in trading 118,566 units at $60, Seprod lost $1.60 and finished trading 3,791 shares at $45.20, Sterling Investments jumped $1.98 to end at a 52 weeks’ closing high at $18.50, with 66,444 shares changing hands.
Trading in the US dollar market closed with 268,098 units valued at $69,579 as JMMB Group 6% preference share rose 6 cents completed trading of 18015 at $1.06 and Proven Investments traded 250,083 shares at 20 US cents after falling by 2 cents The JSE USD Equities Index declined 7.13 points to close at 159.31.

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