JSE majors jumped sharply to new record

The JSE All Jamaican Composite Index surged 6,329.49 points to a record close of 493,109.13 and the JSE Index jumped 5,751.84 points to close at points to a new closing high of 449,095.71.
At the end market activity, on the main and US markets, the prices of 17 securities advanced, 10 declined and 14 traded firm, as a total of 41 securities traded, compared to 35 on Wednesday.
Eppley ordinary share traded at a new high of $16.01 but closed lower at the end of the day but the Jamaica Stock Exchange shares surged to a new high of $26.40 and closed at new all-time highs of $24.21 as the volume and value trading in the overall market, soared since Wigton Windfarm listed. Sygnus Credit Investments US denominated stock, traded in the regular market, at a new high of $13.06.  Eppley 8.75% preference shares closed at a 52 weeks’ low of $5.80.
Market activity ended with 100,042,177 units with a value of $2,008,625,701 changing hands, in contrast to 45,741,770 units with a value of $2,118,495,057 on Wednesday.
Wigton Windfarm led trading with 80 million units or 80 percent of total main market volume, NCB Financial Group  with just over 8.8 million shares changing hands, equating to 9 percent of total trades, followed by Grace Kennedy with 4 million stock units for 4 percent of the day’s trades.
The market closed with average of 2,565,184 units valued at $51,503,223 for each security traded. In contrast to 1,386,114 units valued at $64,196,820 on Wednesday. The average volume and value for the month to date amounts to 1,560,748 shares, with a value of $19,229,647, compared to 1,475,774 shares, with a value of $16,281,943 previously. May closed with an average of 2,248,261 units at an average of $12,751,529 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 3 closing with lower offers.
At the close of the market, Barita Investments rose 50 cents and closed at $44.50, trading 9,818 shares, Caribbean Cement gained 50 cents in trading of 22,269 units at $79.50, Grace Kennedy Jumped $3.90 to $64 while trading 4,067,607 shares, Jamaica Broilers traded 14,164 units and gained $1 to end at $32. Jamaica Producers rose $1.50 to close at $27, with 17,671 shares changing hands, Jamaica Stock Exchange jumped $2.21 to end at a record high of $24.21, with 140,731 shares trading, JMMB Group lost $1.50 trading 93,690 shares to end at $37.50, Kingston Wharves gained $2 to close at $68, in swapping 6,235 stock units. Mayberry Investments lost 30 cents with an exchange of 16,840 shares at $8.85, Mayberry Jamaican Equities shed $1 to end trading of 43,192 shares at $11.25, NCB Financial Group jumped $2 to close at $180, with an exchange of 8,791,789 stock units, Portland JSX gained 60 cents trading 2,574 shares to close at $8.50. Proven Investments gained $1.50 while trading 7,556 shares to close at $35, Sagicor Group jumped $3 to finish at $51 with 12,286 shares crossing the exchange, Scotia Group rose 40 cents to $55.50, with an exchange of 149,977 shares. Supreme Ventures declined 39 cents trading with 154,949 stock units to close at $28.50 and Sygnus Credit Investments US denominated stock, traded in the regular market, at a new high of $13.06 after jumping $1.64 with an exchange of 794,875 shares.
Trading in the US securities market resulted in 92,892 units valued $27,059 changing hands. Market activity ended with Proven Investments trading 88,300 shares to close at 26 US cents and JMMB Group 6% preference share ended trading of 4,592 units at US$1. The JSE USD Equities Index lost 2.11 points to close at 188.97.