Wisynco had the largest trades.
The Main Market of the Jamaica Stock Exchange closed the last day of the month on a high note with the JSE All Jamaican Composite Index rising 1,154.95 points to 321,207.65 and the JSE Index advancing by 1,052.29 points to 292,656.49, in what has become a usual month end rally.
Trading on Wednesday closed 28 securities changing hands with 12 advancing, 8 declining and 8 trading firm, in the main and US dollar markets.
The securities with the largest price changes include, Berger Paints ending with a gain of $1.50 to $20, Caribbean Cement rising $1 to $36, JMMB Group up by $1 to $26, NCB Financial Group traded 95 cents higher at $100, Salada Foods with a gain of $1 higher to $11.50, Wisynco Group settling at $1.19 higher to $11.49 and Scotia Group lost $1 to close at $52. Sagicor Real Estate Fund traded at an intraday all-time high of $17 but closed at $16 and JMMB Group 7.5% preference share closed a 52 weeks’ low of 85 cents.
Main market activity ended with 8,204,593 units valued at $66,110,510 compared to 8,204,593 units valued at $155,870,781 on Wednesday. Wisynco Group accounted for 60.5 percent of the total volume traded in the with 3,266,124 stock units followed by Ciboney Group with 658,995 units or 12.2 percent and Caribbean Cement with 359,865 shares.
Trading results in an average of 200,080 shares valued at $2,448,537 for each security traded, in contrast to 282,917 shares valued at $5,374,855 on Tuesday. The average volume and value for the month to date amounts to 213,336 units valued at $3,392,475 and previously, 214,033 units valued at $3,445,024. In contrast, January closed with average of 349,084 units at an average of $5,801,440 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Trading in the US dollar market ended with Productivity Business trading 5,000 shares and rose 2 cents to close at 60 US cents with a value of US$3,000 as the market index rose 1.84 points to 172.55.
For more details of market activities see – JSE rise on reduced volume on Wednesday.
