JSE market indices in sharp upturn

Trading on the Main Market of the Jamaica Stock Exchange ended with the All Jamaican Composite Index jumping 2,370.07 points to 312,205.74 and the JSE Index climbing 2,159.40 points to 284,454.73 with 22 securities changing hands, versus 21 Securities on Wednesday.
Wisynco shares were listed on the Exchange on Thursday with the price rising $2.22 to end at $10.09 while trading 2,925,359 shares.
At the close of trading, the prices of 8 stocks advanced, 3 declined and 11 traded firm with 4,648,646 units valued at $69,664,482 compared to 18,689,826 units valued at $192,233,164 on Wednesday.
Trading ended with an average of 211,302 units for an average of $3,166,567 in contrast to 50,618 units for an average of $856,086 on Wednesday.
The average volume and value for the month to date amounts to 701,126 units valued at an average of $8,851,977 and previously 730,183 units valued at an average of $9,191,043. 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 9 stocks ended with bids higher than their last selling prices and 5 with lower offers.
Trading in the US dollar market, ended with Productivity Business Solutions exchanging 12,900 shares and rose 2 US cents to 57 US cents and Proven Investments US ordinary share losing 1 US cent with 3,653 units changing hands at 19 US cents, the total value of trading amounted to US$7,948 with the JSE USD Equities Index closing 6.11 points lower at 159.33.
The major movers at the close of the market are, Caribbean Cement that gained 99 cents to $32.50, JMMB Group falling by $1 to $23, Sagicor Group jumping by $2.24 to $37.99, Scotia Group that fell $1.90 to $50.10 and Salada Foods rising by $1 to a 52 weeks’ high of $11.50.
Recent initial Public Offering Victoria Mutual Investments will be listed on the main market of the Jamaica Stock Exchange on Friday.

For more details of market activities see – “Wisynco jumps 28% to $10.09.”

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