JSE majors gain Wednesday

Trading in the main market of the Jamaica Stock Exchange ended with moderate gains in the indices at the close on Wednesday as 22 securities changed hands with 1 trading in the US dollar market. A total of 10 stocks advanced and 7 declined in the two markets.
Trading levels in main market ended at 2,976,903 units valued at $45,537,771 compared to 5,715,510 units valued at $62,017,146 at the close on Tuesday. Trading in the US dollar market accounted for 89,820 units valued at US$27,123.
The All Jamaica Composite Index advanced 854.89 points to close at 245,455.73 the JSE Market Index gained 778.90 points to finish at 223,637.99 and the JSE US dollar market index added 2.30 points to close at 217.87.
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 6 stocks with bids higher than their last selling prices and 3 with lower offers.
The main market ended trading with an average of 80,942 units valued at an average of $2,131,320 compared to an average of 122,740 units at $3,054,945 on Tuesday. The average volume for the month to date ended at 108,879 units versus 136,817 units on the prior trading day. The average volume and value for February ended at 223,938 units and $1,379,459.
In market activity, Berger Paints gained 95 cents to close at $12, with 182,000 shares traded, Cable and Wireless lost 1 cent to close at $1.28 with trades of 42,650 shares, Caribbean Cement closed $1 higher to $32 with 1,500 units changing hands. Carreras traded 24,179 shares at $72, Grace Kennedy closed at $43, for a loss of 90 cents with 72,578 units changing owners, Jamaica Broilers traded 19,362 shares at $15.90, for a loss of 9 cents, Jamaica Stock Exchange gained $1 to close at $8 with trades of 154,500 units. JMMB Group closed at $16.90, gaining 9 cents with 7,944 units traded, Kingston Wharves fell $2.10 to close at $29.40, with 7,895 units changing hands, Mayberry Investments closed 5 cents higher to $4.65 with trades of 18,436 shares, NCB Financial Group closed at $61.90, after exchanging 70,854 shares, Pan Jamaican lost 50 cents, closing at $34.50 trading 35,938 shares. Radio Jamaica traded 80,000 shares at $1.90, Sagicor Group gained 51 cents to close at $34.01 with trades of 703,794 shares, Sagicor Real Estate fund closed at $10.55 with gains of 5 cents and 2,422 shares being exchanged, Scotia Group added 74 cents, closing at $38.75 trading 36,800 units, Scotia Investments traded 50 cents lower to $39.50 with 50,000 units changing hands, Seprod exchanged 152 shares at $38, Supreme Ventures lost 35 cents to close at $6 trading 340,569 shares. Proven closed at 30.95 US cents, gaining 0.95 cent with an exchange of 89,820 ordinary shares, JMMB 7.25% preference share rose 2 cents in trading 56,000 units at $2.41, JMMB 7.5% preference share exchanged 27,810 units at $2, and JMMB Group 7.5% preference share closed at $1.08 with trades of 1,041,520 units.