JSE main market volume jumps – Tuesday

Jamaica Broilers closed with 11.5M shares trading on Tuesday.

Jamaica Broilers accounted for 85 percent of the 13,526,719 shares valued at $293,683,413 that traded on the Jamaica Stock Exchange rose on Tuesday.
The volume was built from Jamaica Broilers traded 11,507,048 units, followed by PanJam Investment with 839,895 units or just 6.2 percent of the day’s volume while Supreme Ventures traded 306,420 units on a day of light trading, for the majority of securities changing hands.
At the end of market activities, 31 securities traded, compared to 23 on Monday, in the main and US dollar markets as 15 stocks rose, 4 declined and 12 traded firm. At the close, the All Jamaican Composite Indexfalling 1,074.92 points to 325,735.98. and the JSE Index declined 979.37 points to close at 296,782.29.
Stocks with major price changes are, NCB Financial gaining $1 to end at $95, PanJam Investment rising 95 cents to $45.20, Salada Foods gaining $1.90 to closed at an all-time high of $14.90 and Scotia Group jumping $2.63 to $50.63.
Trading resulted in an average of 237,406 units valued at an average of $3,289,689 for each security traded. In contrast to 87,342 units for an average of $2,131,859 on Monday. The average for the month to date is 276,670 shares with a value of $12,250,176, previously 279,765 shares with a value of $13,009,983. 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, JMMB Group 5.75% US preference share finished trading at US$2.06, with 5,000 units. The JSE USD Equities Index closed unchanged at 173.22.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.
For more details of market activities see – JSE main market index down again – Tuesday.

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