JSE main market rises – Friday

The Jamaica Stock Exchange main market moved higher on Friday, with declining stocks just edging out advancing ones.
The market ended, with 37 securities trading in the main and US dollar markets, leading to 13 advancing, 14 declining and 10 trading firm, compared to 37 securities trading on Thursday.
The All Jamaican Composite Index climbed 2,830.80 points to close at 571,074.68, the JSE Index added 2,570.52 points to end at 519,949.18 and the JSE Financial Index rose 1.65 points to end at 142.02.
Market activity lead to 14,157,264 units valued at $123,207,133 changing hands, in contrast to 9,158,146 units valued $118,719,755 crossing the main market on Thursday.
Wigton Windfarm took over volume leadership by trading 8.4 million shares for 59 percent of total volume, Sagicor Select Fund followed with 2 million units accounting for 14 percent of the day’s trade and Jamaica Stock Exchange with 1.1 million shares for 8 percent of the main market’s volume.
Trading closed with an average of 404,493 units valued at an average of $3,520,204 for each security traded. In contrast to 261,661 units for an average of $3,391,993 for each security traded on Friday. The average volume and value for the month to date amounts to 803,971 shares valued at $6,951,422 for every security traded, compared to 903,841 shares valued at $7,809,227 for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ending with bids higher than their last selling prices and 3 with lower offers.
In the main market activity, Barita Investments dropped $1.04 cents in trading of 17,187 units to close at $74, Caribbean Cement shed $3.59 in trading of 8,641 units and ended at $ 81, Eppley Caribbean Property climbed 82 cents and exchanged 2,574 shares at $47, Eppley lost 96 cents and ended market activity exchanging 1,401 shares to close at $16. Jamaica Broilers exchanged 21,793 shares to close at $33 after falling 2 cents, Jamaica Producers ended with a loss of $1 at $24 with 36,751 stock units changing hands, Jamaica Stock Exchange ended trading 1,102,854 shares, after rising 49 cents to end at $25.50, Kingston Wharves fell $3 trading of 4,949 units in ending at $64. Mayberry Jamaican Equities gained $1.50 to end at $13.50 in trading 81,362 shares, NCB Financial gained $6 to end at $212 with 65,907 stock units trading, Proven Investments lost 40 cents with 1,348 units changing hands at $37.10, Scotia Group climbed 50 cents and exchanged 468,933 shares in closing at $57.50. Seprod gained $5 to settle at $57 with 112,958 shares changing hands, Supreme Ventures ended with a loss of $1 at $26 with 180,634 stock units trading, Sygnus Credit Investments rose 90 cents in trading 38,576 shares at $21.90 and Wisynco Group lost 50 cents to close at $23.50 in swapping of 262,368 shares.
Trading in the US securities market resulted in 89,420 units valued US$18,055 changing hands with Proven Investments lost 1 cent in closing at 25 US cents and exchanging 43,420 shares and Sygnus Credit Investments trading 46,000 shares at 15 US cents. The JSE USD Equities Index remained unchanged at 194.45.