JSE makes big gains on Wednesday

Trading on the Main Market of the Jamaica Stock Exchange led to sharp gains in the market indices, with the JSE All Jamaican Composite Index surging 1,929.83 points to 307,095.43 and the JSE Index climbing 1,758.29 points to close at 279,798.65 as the year-end rally continues.
At the close of trading, Main market activity ended with 27 securities changing hands, 12 advanced, 9 declined and 3 traded firm with 1,811,480 units valued at $72,434,801 compared to 2,309,034 units valued at $75,261,191 on Tuesday from 20 securities changing hands. At the close 138 Student Living ended at a 52 weeks’ high of $6.08.
Trading ended with an average of 67,092 units for an average of $2,682,770 in contrast to 109,954 units for an average of $3,583,866 on Tuesday. The average volume and value for the month to date amounts to 290,793 units valued at 5,669,323 and previously, 310,531 units valued at $5,955,270. In contrast, November 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 in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks ended with bids higher than their last selling prices and 2 with lower offers.
Traded in the US dollar market ended with Productivity Business Solutions US ordinary share having 2,650 units changing hands valued at US$1,471 in closing at 55 US cents, after falling by 2 cents, with the JSE USD Equities Index closing 1.38 points down at 171.46.
The major movers at the close, are Berger Paints rising 90 cents Jamaica Broilers ending with a fall of 90 cents, JMMB Group dropping by $1.10, Kingston Wharves gaining $1 and NCB Financial Group closing $1.01 higher.
For more details of market activities see – “Rising JSE stocks edged out decliners.”