JSE main market hits new high – Wednesday

Caribbean Cement traded at a new high of $85 on Wednesday.

The Jamaica Stock Exchange main market closed at a new record high on Wednesday, the third consecutive day of new highs, as investors increased their appetite for higher prices.
All Jamaican Composite Index jumped 2,775.27 points to a record close of 443,951.40 and the JSE Index climbed 2,521.97 points to a record closing high of 404,423.99.
The main and US markets had 27 securities traded, compared to 31 on Tuesday, leading to 17 advancing, 3 declining and 11 closing unchanged. At the end of trading, Caribbean Cement hit a record close of $85, Jamaica Stock Exchange jumped to a record high of $20 and Wisynco Group ended at a new record close of $13.50.
Market activity on the main market ended with 3,713,812 units valued $157,663,641 changing hands, compared to 4,368,956 units valued at $113,544,169, trading on Tuesday.
Mayberry Jamaica Equities accounted for 2.1 million shares or 56.4 percent of total main market volume, followed by NCB Financial with 792,711 shares and 21 percent of the day’s trades and Pulse Investments closed with just 120,053 shares for 3 percent of volume traded.
Market activity ended with an average of 142,839 units at $6,063,986, in contrast to 156,034 shares valued $4,055,149 on Tuesday. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 13 stocks ending with bids higher than their last selling prices and just 1 closing with a lower offer.
In main market activity, Barita Investments jumped $3 to close at $42.50, with an exchange of 57,386 shares, Caribbean Cement jumped S7.01 to finished at at a record $85, with 44,987 shares changing hands, Grace Kennedy lost 70 cent to end at $60.30 with 3,463 shares trading, Jamaica Broilers shed 50 cents in exchanging 30,468 units to end at $34, Jamaica Producers fell $1 to close at $22, after trading 11,285 stock units. Jamaica Stock Exchange jumped $2 to end at a record high of $20, trading 54,459 shares, JMMB Group lost $1.50 trading 37,209 shares in closing at $31.50, with 37,209 shares 37,209 shares. Kingston Wharves lost 75 cents to settle at $71, with an exchange of 5,450 units, Mayberry Investments lost 75 cents and ended trading at with 882,928 shares at $8.75. Mayberry Equities rose by 50 cents to close trading at $11.50, trading 2,096,031 shares, NCB Financial Group dived $20 in trading 792,711 shares to close at $145. Sagicor Group fell $1.79 to end at $45.20 in an exchange of 58,420 shares, Seprod rose $2.50 in trading 12,306 shares to close $47.50, Supreme Ventures rose 50 cents to close at $27, with 5,887 units changing hands and Wisynco Group climbed 90 cents trading with 96,492 shares at an all-time high of $13.50.
Trading in the US dollar market ended with 6,180 units valued at $1,391. Proven Investments was the sole stock trading and ended unchanged at 23 US cents. The JSE USD Equities Index gained 0.11 points to close at 177.32.

 

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