JSE resumes rally – Monday
September 26, 2016 by IC Insider.com
At the close of the market, prices of 19 securities gained out of a total of 40 trading, while 8 declined in the overall market, including 7 stocks rising and 5 falling, in the junior market.
Caribbean Cement was the star performer with a jump of $3.90 to close at $33.90 during the day, but closed with 19,780 shares traded and JPSCo 7% preference share traded at a new high of 45 cents with a gain of 4 cents with just 1,278 shares changing hands.
At the close 3,502,355 units valued at $25,804,167, changed hands, compared to the 3,969,447 units valued at $48,456,543 changing hands on Tuesday. The junior market accounted for 1,873,272 units valued at $10,709,100 of the stocks traded.
The market index ended with moderate losses, the JSE Market Index rose 1,135.08 points to end at 163,359.75. The all Jamaica Composite Index climbed 1,269.42 points to close at 181,527.63 and the JSE combined index gained 1,119.65 points, to end at 175,546.63.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 15 stocks with bids higher than their last selling prices and 1 with a lower offer.
In market activity, Barita Investments traded 17,844 shares and rose 40 cents to close at $4.05, Berger Paints gained 1 cent to close at $5.11 with 13,263 units changing hands, Cable & Wireless closed at 95 with 14,700 units changing hands. Carreras exchanged 11,114 shares at $65.25 with a loss of 25 cents, Grace Kennedy closed with 6,564 shares changing hands at $42.50, Jamaica Broilers had 38,501 shares changing hands and gained 50 cents to end at $15.50. Jamaica Producers ended at $8.40 with 1,600 units trading, JMMB Group traded 9,754 units and rose 30 cents to close at $10.30, Margaritaville Turks traded 31,000 shares to close at a 52 weeks’ high of 24 US cents after rising by 2 cents, National Commercial Bank rose 14 cents to $40.25 with just 800 shares changing hands. Portland JSX closed at $11 after trading 8,400 shares. Radio Jamaica traded 13,572 shares and lost 3 cents to land at $1.40, Sagicor Group rose 1 cent in trading 90,934 shares to close at $23.51, Sagicor Real Estate Fund traded 49,223 shares to close with at $10.20, Scotia Group closed at $30 with 7,620 shares changing hands. Proven Investments traded 238,280 shares to close at 19.99 US cent and JMMB Group 7.50% preference share traded 500,000 units at $1.10.
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, junior market, National Commercial Bank, Portland JSX, Proven Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Trading Activity
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