JSE sharp jump to start May – Monday

Trading on the Jamaica Stock Exchange on Monday ended with sharply reduced volumes compared the levels traded on Friday and in recent weeks and months, with 37 securities changed hands, accounting for only 1,377,118 units valued at a mere $23,284,334, in all market segments. The junior market accounted for 534,047 shares valued at $3,394,975 as 15 stocks in the overall market gained, 12 declined including 8 of the stocks rising and 3 declining, from the junior market.
At the close of trading there were 2 new 52 weeks’ closing highs in the junior market.
The JSE Market Index rose sharply by 3,461.33 points to end at 153,500.51. The all Jamaica Composite Index surged 3,871.05 points to close at 170,501.41 and the JSE combined index jumped 4,179.76 points, to close at 164,537.72.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 14 stocks with bids higher than their last selling prices and 5 with lower offers.
At the end of market activities, Berger Paints traded 3,200 shares at $4, Cable & Wireless lost 2 cents and closed at $1.35 in trading 160,020 units, Caribbean Cement traded 7,498 shares but the price fell by 6 cents to close at $26.50, Carreras fell 50 cents while trading 6,000 shares, to close at $62.50. Rebranded Gleaner Company, 1834 Investments, gained 16 cent to close at $1.15 in trading only 833 shares, Jamaica Broilers had 14,350 units changing hands, to close at $14.15. JMMB Group fell by 50 cents in trading 6,250 shares to close at $9.50, Kingston Wharves traded just 1,000 shares to close with a gain of 85 cents at $11.15, Mayberry Investments traded 32,088 shares but gained 10 cents to close at $3.40. National Commercial Bank declined by 50 cents while 20,586 shares traded, to close at $40.50, Pan Jamaican closed at $88 with 2,616 shares changing hands. Radio Jamaica traded 34,500 shares and climbed 5 cents to close at $1.20, Sagicor Group fell 10 cents to end with 5,705 shares changing hands at $22.40, Scotia Group closed with a rise of 50 cents, to end at $30.50 while 491,344 units changed hands. Scotia Investments closed with 8,374 shares trading with a gain of 50 cents to $26, Seprod ended with 19,777 units trading with a loss of $1.30 at $15.60 and Supreme Ventures fell 6 cents and closed at $5 with 9,000 shares changing hands.