JSE near 20 months’ high

Thursday’s activity on the Jamaica Stock Exchange, ended with big gains in the main market indices, as heavily weighted National Commercial Bank traded as high as $24, Desnoes & Geddes end at $5.50, Kingston Wharves closed up at $6.50 and Sagicor Group gained 10 cents. At the end, the prices of 8 stocks rose 5 declined as 21 securities changed hands, with 3,414,320 units trading, valued at $11,037,316, in all market segments.
Main Market| The JSE Market Index gained 922.34 points to 81,141.21, the JSE All Jamaican Composite index rose 1,031.22 points to close at 89,437.94, the highest since July 15, 2013 and the JSE combined index gained 841.81 points to close at 82,939.38.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 5 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower.

Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Desnoes & Geddes trading 55,000 units, gained 50 cents to end at $5.50. Jamaica Broilers closed with 26,000 units, 3 cents higher to $4.05, Jamaica Money Market Brokers closed with 79,568 ordinary shares changing hands, with a 20 cents increase to $7.10, Kingston Wharves ending with 699,136 shares, closed 75 cents higher to $6.50, Pan Jamaican Investment finished with 20,000 shares trading, while adding 1 cent to $53.51. Sagicor Group in closing with 2,000 units ended with an increase of 10 cents to $10.50, Scotia Investments finished with only 1,000 shares trading as the price jumped $2.05 to $25.05 and Supreme Ventures closing with 16,800 shares and increase 18 cents to end at $2.
Firm| The stocks in the main market to close without a change in the last traded prices are, Gleaner ending with 2,007,266 units trading at 85 cents. Grace Kennedy finishing with 1,000 shares at $60.51, followed by 138 Student Living, closing with only 2,500 units at $4.40, Radio Jamaica ending with 1,200 shares changing hands to close at $1.35 and Scotia Group finishing with 20,450 shares trading at $21.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Berger Paints concluding trading with 49,151 shares changing hands, to close down by 2 cents at $1.55. Caribbean Cement closing with 20,172 units trading as the price slipped 25 cents to $2.60, Carreras ending trading with 17,074 shares trading lower by 45 cents to $44.05, National Commercial Bank in having 40,112 shares changing hands, closed 15 cents lower at $22 after trading at a new intraday 52 weeks’ high of $24.