JSE stocks jump again

Scotia Group climbed $2.89 on Friday to help push market indices.

Prices at the close of Friday on the main market of the Jamaica Stock Exchange surged higher leading to big gains in the market indices as 23 securities changed hands with 13 rising, 8 declined and 2 traded firm.
Berger Paints jumped $3.57 to $15 at the close and Scotia Group moved up by $2.89 to end at $48, while Jamaica Producers traded 1.57 million units to be the leading trade.
Main market activity led to 5,005,392 units valued at $111,349,381 trading compared to 11,263,035 units valued at $348,817,467 on Thursday. In the US dollar market trading accounted 30,490 units valued at US$7,315 from just one security, bringing the total trades in both markets to $112,292,958.
At the close, the JSE All Jamaican Composite Index surged 3,477.64 points to 288,360.63.The JSE Index jumped 3,168.52 points to 262,729.14. The JSE US dollar Equities Index eked out a 0.05 points rise to close at 184.96.
Trading ended with an average of 217,626 units for an average of $4,841,277 in contrast to 536,335 units for an average of $16,610,356 on Thursday. The average volume and value for the month to date amounts to 283,480 units valued at $3,630,990 and previously 286,773 units for an average of $3,573,357. In contrast, August closed with average of 536,395 units at $1,905,441 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows a very strong 14 stocks with bids higher than their last selling prices, up from 10 on Thursday and 4 with lower offers, the same as Thursday.

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