JSE majors rise 25.6% to record close for 2016

Prices surged 3,760 points for local companies on the main market of the Jamaica Stock Exchange, to close at an all-time high on the final trading day of 2016. The market ended with the All Jamaica Composite Index climbing 25.6 percent for the year to date, the JSE market index gaining 28 percent and the Combined index that includes all listed ordinary shares, rising 30 percent.
The All Jamaica Composite Index surged 3,760.52 points, to close at 210,139.49. The JSE Market Index climbed 3,362.57 points to finish at 192,276.64. The JSE combined index jumped 3,106.50 points to close at 204,960.10.
Market activity ended with 41 securities changing hands. At the close, the prices of 21 stocks gained while 12 declined in the overall market, including 10 stocks rising and 3 falling, in the junior market.
At the close with 24,274,905 units valued at $227,761,009 changed hands, compared to 4,537,612 units valued at $81,171,835 changing hands on Thursday. Of the stocks traded, the junior market accounted for 1,632,612 units changing hands, valued at $8,675,126.
The average trade for the day in the main market ended at 905,692 shares compared to an average of 149,740 units traded on Thursday. The average for the month to date stands at 549,379 shares compared to an average of 233,393 units for the month up to Thursday. November ended with an average of 208,466 units.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 19 stocks with bids higher than their last selling prices and 2 with lower offers.
Some notable stocks with bids above the last sale price are Kingston Wharves with a bid of $24 versus the last price of $20.01, National Commercial Bank with a bid of $51.75 compared to the last sale of $50, Pan Jam with a bid of $27.50 versus the last price of $27, Sagicor Group with a bid at $29.90 versus a last sale of $29, Sagicor X Fund with a bid of $12.95 versus the last sale of $11.81 and Salada Foods that last traded at $8.50, with a bid of $9.50.
In market activity, Barita Investments traded 13,000 shares to end at $6, Berger Paints ended with 136,018 units changing hands at $5.60, Cable & Wireless closed at 80 cents with 7,620,572 units trading, Caribbean Cement ended with loss of 55 cents while trading 6,300 shares at $33.95, Carreras climbed 74 cents in exchanging 1,450 shares to close at $66.75. Investors traded 101,446 shares of 1834 Investments to close at $1.20 after falling by 8 cents, Grace Kennedy gained 1 cent to close at $41 with 1,528,227 shares changing hands. Jamaica Broilers shed 15 cents and closed at $14.90 with 3,247,986 shares changing hands, Jamaica Producers gained 20 cents to end at $9.25 with 769,449 units trading, Jamaica Stock Exchange lost 10 cents in trading 29,673 shares, to end at $5.50. JMMB Group traded 103,865 units and dropped 49 cents to end at $14.50, Mayberry Investments rose 50 cents to end at $5.50 with 3,692,948 shares changing hands, National Commercial Bank rose 24 cents ended at $50 with 2,630 shares changing hands, PANJAM Investment traded 655,404 shares and shed $2 to close at $30. Radio Jamaica gained 7 cents to close at $1.30 after 898,560 shares changed hands, Sagicor Group closed with 84,109 shares changing hands at $29, Sagicor X Fund ended with 3,136,659 units trading, with a loss of 19 cents to close at $11.81, Scotia Group with 179,939 shares changing hands, closed with a gain of $1.74 at $36.75. Scotia Investments gained $2.40 with 16,000 units trading to end at $33.40, Seprod jumped lost 30 cents to end at $29.50 with 181,944 units changing hands, Supreme Ventures traded 214,996 shares and gained 23 cents to $5.30 and Proven Investments closed at 21.95 US cents, with 12,640 units changing hands.