JSE majors jump again on Wednesday

The main indices of the main market of the Jamaica Stock Exchange surged again on Wednesday pushing them within striking distance from the record high reached recently. At the close 27 securities changed hands in the main market with 3 trading in the US dollar market with 9 stocks advancing and 6 declining.
Trading levels in the main market ended at 1,782,575 units valued at $37,905,161 compared to 7,796,244 units valued at $62,297,173 at the close on Tuesday. Trading in the US dollar market accounted for 37,630 units valued at US$13,624.
The All Jamaica Composite Index advanced 2,152.18 points to close at 262,458.74, the JSE Market Index rose 1,960.88 points to finish at 239,129.62 and the JSE US dollar market index gained 9.71 points to close at 215.66.
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 none with lower offers.
The main market ended trading with an average of 66,021 units valued at $1,403,895 for each security traded, compared to an average of 311,850 units valued at $2,491,887 on Tuesday. The average volume and value for the month to date ended at 358,008 units with an average value of $9,037,303 compared with an average of 371,912 units with an average value of $7,355,047 on the previous trading day. The average volume and value for April ended at 382,748 units with an average value of $5,254,387In market activity, Barita Investments closed at $7.20 trading 809 shares,Berger Paints gained 2 cents to close at $18.54 exchanging 1,118 shares, Cable and Wireless closed at $1.34, with trades of 111,000 shares, Caribbean Cement traded 1,879 shares at $29.99. Carreras lost $1 and closed at $83, with 16,045 shares changing hands, Grace Kennedy gained 10 cents to close at $41 trading 72,235 units, Jamaica Broilers exchanged 80,541 shares at $18, Jamaica Producers traded $1.39 cents higher to close at $16.99, with 36,431 shares trading, Jamaica Stock Exchange closed at $7.20, with 7,880 shares changing ownership. JMMB Group advanced $1.15 to $20 exchanging 1,028,499 units, Kingston Wharves lost 40 cents to close at $31.60, with 11,066 shares traded, Mayberry Investments exchanged 10,695 shares at $4.80, with a loss of 70 cents. NCB Financial Group closed at $71, with gains of 40 cents after exchanging 29,295 shares, 1834 Investments traded 3,304 shares at $1.40,138 Student Living exchanged 3,772 shares at $4.49. PanJam Investment closed at $34.90, after a loss of 10 cents with 41,600 shares traded, Portland JSX exchanged 600 shares at $10.15, Pulse Investments traded 15,460 shares at $14.50, Radio Jamaica closed at $1.70, while 44,844 shares traded, Sagicor Group exchanged 36,564 shares at $34, Sagicor Real Estate fund closed at $11, with 14,795 units changing hands. Scotia Group jumped $2.50 and closed at $45, in exchanging 93,110 units, Scotia Investments gained $1.35 to close at $37.85 trading 600 shares, Seprod exchanged 15,669 shares at $30, Supreme Ventures added 25 cents to close at $7.50 trading 93,457 shares. Margaritaville Turks closed at 34 US cents exchanging 730 units, Proven Investments traded at 28.50 US cents, with an exchange of 33,500 ordinary shares, JMMB 7.5% preference share lost 18 cents to close at $1.82 trading 8,507 units and JMMB Group USD 6% preference share gained 0.01 US cent, closing at $1.13 with 3,400 units changing hands.