JSE main stocks eke out gains – Wednesday

Trading on the Main Market of the Jamaica Stock Exchange closed on Wednesday with 25 securities changing hands, the same as on Tuesday and 2 trading in the US dollar market, leading to 11 advancing, 8 declining and 8 traded firm.
The market recorded modest gains in the two main indices, with the All Jamaica Composite Index rose 106.77 points to close at 282,019.56, the JSE Market Index inched 97.28 points to 256,951.71. The JSE US dollar market index slipped 0.73 points to 187.26.
Trading ended with 4,718,872 units valued at 99,127,989 with an average of 188,755 units for an average of $3,965,120 compared to 4,433,242 units valued at 88,443,093 on Tuesday, with an average of 177,330 units at an average of $3,537,724. The average volume and value for the month to date amounts to $273,638 units valued at $2,921,507 compared to 278,353 units valued at $2,866,580, previously. In contrast, August closed with average of 184,094 units with an average of $4,336,090, for each security traded. Trading in the US dollar market accounted for 85,233 units at a value of US$21,022 and brought total trades in both markets to JS$101,860,817.
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 7 stocks with bids higher than their last selling prices and 3 with lower offers.
NCB Financial listed a US dollar bond with a coupon rate of 6 percent, but no trades were executed.