Stocks closed much higher on the Jamaica Stock Exchange main market on Monday than on Friday as the JSE All Jamaican Composite Index jumped 2,366.31 points to record close of 328,893.09.
The JSE Index climbed sharply by 2,155.97 points to end at a record close of 299,658.77. At the close, 29 securities traded, compared to 26 on Friday and ended with the prices of 13 stocks rising, 8 falling and 8 trading firm, in the main and US dollar markets.
At the close of trading, Berger Paints closed at $20 with a gain of 95 cents, Kingston Wharves rose $1.95 to $50, Proven Investments ordinary share in the local market fell $1.99 to $26.51 and Seprod gained 76 cents to close at $34.99.
Main market activity ended with 12,309,558 units valued at $246,771,642 compared to 22,131,577 units valued at $314,568,605 on Friday.
Carreras traded over 2 million shares.
Trading resulted in an average of 424,468 units valued at an average of $8,509,367 for each security traded.
In contrast to 922,149 units valued at an average of $13,107,025 on Friday. The average for the month to date is 708,206 shares with a value of $6,395,518 and previously 723,010 shares with a value of $5,999,413. In contrast, March closed with an average of 626,526 units with an average value at $20,492,207 for each security traded.There was no trading in the US dollar market, leaving the Market index at 164.44.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 16 stocks ended with bids higher than their last selling prices and 3 closing with a lower offers.
For more details of market activities see – – Monday.
