JSE majors add 2,000 points – Wednesday

Trading on the Jamaica Stock Exchange main market ended with the JSE All Jamaican Composite Index recovering an additional 2,016.95 points to close at 324,446.16 on Wednesday after regaining 3,026.80 of the nearly 7,000 points lost on Tuesday to end at 322,429.21 as advancing stocks edged out declining ones.
The JSE Index regained an added 1,837.67 points to end at 295,607.13 after rising 2,757.76 on Wednesday in clawing back from more than 6,000 points plunge on Tuesday.
At the close, 28 securities traded, the same number as on Tuesday and ended with the prices of 13 stocks rising, 10 falling and 5 trading firm, in the main and US dollar markets.

Cable & Wireless Head quarters.

At the close of trading, Jamaica Broilers rose 99 cents to end at $21, Grace Kennedy lost 96 cents to $48, Kingston Wharves rose $1.48 to $40, NCB Financial Group traded with a loss of 99 cents at $96.52 and Scotia Group recovered $1.50 to $52.
Main market activity ended with 22,695,573 units valued at over $68,289,795 compared to 84,503,992 units valued at $180,560,263 on Tuesday. At the close of trading, Cable & Wireless closed with 16,941,044 shares trading amounting to 74.64 percent followed by Ciboney Group with 3,146,042 units and 13.86 percent and Wisynco Group with 1,207,289 units 5.32 percent.
Trading resulted in an average of 872,907 shares valued at $2,626,531, for each security traded, compared to 3,129,777 shares valued at $6,687,417 on Tuesday. The average for the month to date is 1,296,927 shares with a value of $5,228,826 and previously 1,355,881 shares with a value of $ 5,651,699. In contrast, March closed with an average of 626,526 units with an average value at $20,492,207 for each security traded.
The US dollar market closed on Wednesday with Proven Investments trading 547,109 units valued at over $109,430 and closed with a loss of 2 cents at 20 US cents. Trading ended with the market index falling 9.33 points, to close at 163.97.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 6 with a lower offers.
For more details of market activities see – Cable & Wireless grabs 75% of JSE trades – Wednesday.

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