JSE main market hits new record – Monday

Stocks closed at a new record high on the Jamaica Stock Exchange main market on Monday, with the JSE All Jamaican Composite Index increased by 1,415.92 points to end at a record close of 327,594.70 and the JSE Index rising 1,290.06 points to a new closing record of 298,475.80.
In the morning session the market traded in intraday record territory with the JSE All Jamaican Composite Index climbing by 2,419.83 points to 328,598.61 and the JSE Index jumping 2,204.74 points to 299,390.48.
At the close, 24 securities traded, compared to 26 on Friday and ended with the prices of 9 stocks rising, 8 falling and 7 trading firm, in the main and US dollar markets.
At the close of trading,  Jamaica Producers ended with a rise of 99 cents to $16.99, JMMB Group lost $1.10 to $27.22, as some selling came into the market for the stock. NCB Financial rose $1 to $97, PanJam Investment rose $1.45 to $44.45, Sagicor Real Estate Fund rose 99 cent to $15 and Scotia Group climbed $1.34 to $51.50.
Main market activity ended with 3,603,029 units valued at $73,318,401 compared to 6,877,671 units valued at $68,979,399 on Friday. At the close of trading only two securities traded more than 300,000 units as JMMB Group closed with 1,208,947 units changing hands and accounting for 33.55 percent of the volume traded Carreras with 1,171,484 units accounted for 32.5 percent of the day’s volume and Jamaica Broilers Group ended with 570,105 units or 15.82 percent of the volume..
Trading resulted in an average of 156,653 units valued at an average of $3,187,757 for each security traded. In contrast to 264,526 units for an average of $2,653,054 on Friday. The average for the month to date is 770,204 shares with a value of $4,361,464 and previously 807,049 shares with a value of $4,437,293. In contrast, March closed with an average of 626,526 units with an average value at $20,492,207 for each security traded.
In the US dollar market Proven Investments lost 1 cents to end at 22 US cents while trading just 1,000 shares leaving the Market index 3.78 to end at 172.17.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 3 with a lower offers.
For more details of market activities see –  New JSE record on limited volume.

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