JSE main market pull back ends – Thursday

JSE slowly moving upwards.

The pull back from the record reached on Friday by Jamaica Stock Exchange ended with a modest rise in the market index on Thursday as the price of 8 stocks rose, 9 declined and 11 traded firm.
At the close, the JSE All Jamaican Composite Index rose modestly and ended with an increased by 24.50 points at 328,387.59 and the JSE Index advanced by 22.32 points to 299,198.19.
Caribbean Cement shed $1.80 to close at $35.50, Grace Kennedy rose $1 to $49 and PanJam Investments traded at a new high of $46 with a rise of $1.
At the end of market activities, 28 securities traded, compared to 29 on Wednesday, in the main and US dollar markets and resulted in 5,201,225 units valued at $121,866,039 compared to 4,614,305 units valued at $109,133,839 changing hands in the main market, on Wednesday.
JMMB Group trade 2,027,120 units and accounted for 38.97 percent of trading volume, followed by Wisynco Group with 1,193,538 units and 22.95 percent of the volume and Caribbean Cement with 979,272 units and 18.83 percent of the day’s volume.
Trading resulted in an average of 200,047 units valued at an average of $4,687,155 for each security traded. In contrast to 170,900 units for an average of $4,041,993 on Wednesday. The average for the month to date is 367,467 shares with a value of $20,307,869 and previously 389,231 shares with a value of $49,857,592. In contrast, April closed with an average of 708,206 shares with a value of $6,395,518 for each security traded.
In the US dollar market, Proven Investments traded with 206.397 shares and fell 3 cents to 20 US cents and the market index dropped 8.89 ended at unchanged at 165.29. JMMB Group 5.75% US preference share traded 14,000 units at US$1.01, up by a cent.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 1 closing with a lower offer.
For more details of market activities see – .

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