Grace closed at 52 weeks’ high of $77
The JSE Market Index rose 1,530.80 points to 142,632.66 the all Jamaica Composite Index added 1,710.75 points to end at 158,356.33 and the JSE combined index gained 1,609.94 points to close at 149,325.18. The market having broken through the 155,000 points resistance level on the all Jamaica chart faces the next test at 165,000 which is not far off, which could contain any strong upward movement over the next few trading sessions.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 15 stocks with bids higher than their last selling prices and 2 with lower offers.In trading, Berger Paints ended with 8,616 units trading at $3.40 after falling 5 cents, Cable and Wireless closed with 990,562 units changing hands down to $1.40, Caribbean Cement closed trading at $17.82 having lost 68 cents with 475 shares changing hands. Carreras rose 45 cents and closed at $56.45 with 35,000 units trading. Ciboney ended at a 52 weeks’ closing high of 27 cents with 1,360,617 shares changing hands, Desnoes & Geddes had 13,100 units trading at the close at $30. Gleaner Company traded 355,592 shares at $1.40,
Grace Kennedy ended with at a 52 weeks’ closing high with only 420 units changing hands with the stock price rising $1 to finish at $77, Hardware & Lumber traded at $14.16 with 50,000 shares changing ownership and gained 66 cents. Jamaica Broilers fell 20 cents in trading 1,371,388 shares, to close at $8.30. JMMB Group traded 21,563 shares, to close at $10. Kingston Wharves traded 54,461 units to end at $11.35, National Commercial Bank ended at $39.85 having gained $1.85 and closed with 3,700 units changing hands, Pulse Investments had 120,000 units trading down 25 cents to close at $2.25. Sagicor Group with 327,200 units ended at $16.54 with a fall of 17 cents and Scotia Group had 39,638 shares changing hands at $28 to record 42 cents gain.
