
Carreras closed at a new high of $89 on Friday.
The closing indices in the main market of the Jamaica Stock Exchange closed strongly higher on Friday by more than 2,000 points even as the advance decline ratio was almost one to one. The market closed with 27 securities changing hands including 1 trading in the US dollar market. At the close, 10 stocks advanced and 9 declined.
Trading levels in the main market ended at 3,774,318 units valued at $94,412,872 compared to 2,282,207 units valued at $48,598,384 at the close on Thursday. Trading in the US dollar market accounted for 27,750 units valued at US$7,906.
The All Jamaica Composite Index advanced 2,195.29 points to close at 263,972.73 the JSE Market Index climbed 2,000.15 points to finish at 240,509.05 and the JSE US dollar market index gained 0.45 points to close at 215.54.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 10 stocks with bids higher than their last selling prices and none with lower offers.
The main market ended trading with an average of 145,166 units valued at $3,631,264 for each security traded, compared to an average of 111,569 units valued at $2,429,919 on Thursday. The average volume and value for the month to date, are 128,368 units and $3,030,592. The average volume and value for May ended at 358,008 units and $9,037,303.
In market activity, Barita Investments traded 10 cents lower to close at$7.10, with an exchange of 82,225 shares, Berger Paints gained 10 cents, closing at $18.64 with trades of 9,642 shares, Cable and Wireless closed at $1.30, trading 541,675 shares while Caribbean Cement exchanged 4,915 shares at $29.99. Carreras jumped $4 to close at a 52 weeks’ high of $89, with 13,837 shares changing hands, Grace Kennedy lost 1 cent to close at $40.99 exchanging 1,141,371 units, Jamaica Broilers closed at $17.90, losing 10 cents with 57,091 shares traded at the same time Jamaica Producers lost 20 cents to close at $16.50, with 82,100 shares traded. Jamaica Stock Exchange gained 19 cents, closing at $7.39 with an exchange of 165,761 shares, JMMB Group closed at $20.50, with gains of 50 cents trading 79,537 units,
Kingston Properties traded 50 cents lower to close at $11, with 15,277 shares, Kingston Wharves exchanged 15,524 shares at $32, Mayberry Investments lost 5 cents to close at $4.75, with an exchange of 39,790 shares, NCB Financial Group was down 1 cent to $70.99, after exchanging 69,538 shares, 138 Student Living exchanged 2,900 shares at $4.49. PanJam Investment closed at $35, with gains of 50 cents trading 5,955 shares, Portland JSX added 35 cents to close at $10.50, with 1,417 shares changing ownership, Pulse Investments traded 1,000 shares at $18, Radio Jamaica exchanged 7,216 shares at $1.70, Sagicor Group lost 40 cents to close at $34.20, with trades of 179,803 units. Scotia Group closed at $45.90, with gains of $1.91 exchanging 430,372 shares, Seprod closed at $29.52, with a loss of 48 cents trading 1,221 stock units, Sterling Investments closed at $15.50, with 350,890 shares changing hands, Supreme Ventures gained 20 cents to close at $7.20 exchanging 306,881 shares. Proven Investments traded 27,750 ordinary shares at 28 US cents, Jamaica Money Market 7.5% preference share gained 18 cents, closing at $2 with trades of 2,500 units and JMMB Group 7.5% preference share closed at $1.15, with a gain of 5 cents in exchanging 165,880 units.