JSE stocks jump sharply on Monday

The Jamaica Stock Exchange raced sharply on Monday to close out October on a winning note with two main indices rising more than 4,700 points as rising stocks outnumbered declining ones by a wide margin.
The market closed with a new listing QWI Investments, on the main market as the market capitalization exceeded 2 trillion dollars for the first time.
 Trading ended with the JSE All Jamaican Composite Index soared 5,214.18 points to close at 567,070.53; the JSE Index advanced 4,717.62 points to 516,042.91 and the JSE Financial Index gained 1.30 points to close at 142.56.
At the close of trading, 41 securities changed hands in the main and US dollar markets with 20 advancing, 14 declining and 7 traded firm. Main market activity ended with 198,831,547 units valued at $1,248,840,350 in contrast to 40,634,550 units valued at $123,950,544 on Friday.
Sagicor Real Estate dominated trading with 91.7 million shares for 46 percent of total volume, followed by Wigton Windfarm with 87.7 million units accounting for 44 percent of the day’s trade, QWI Investments with 11.8 million shares for 6 percent of the market’s trade.
The Market closed with an average of 5,373,826 units valued at $33,752,442 for each security traded, in contrast to 1,269,830 units valued at an average of $3,873,455 on Friday. The average volume and value for the month to date amounts to 1,585,081 units valued at $14,071,562 and previously an average of 1,391,725 units at $12,363,616 for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 19 stocks ended with bids higher than their last selling prices and 2 with lower offers.
In main market activity, Barita jumped $3.50 to close at $86.50 with 28,965 units traded, Carib Cement exchanged 25,331 units, after gaining $3.15 to settle at $80, Carreras lost 35 cents ending at $8.15 after trading 85,554 units, Eppley Caribbean Property climbed $2 in closing at $38, after exchanging 143,410 shares. GraceKennedy closed 39 cents higher to settle at $69.80 trading 14,109 shares, Jamaica Producers rose $1.50, in settling at $25.05 with 1,126,350 shares traded. Jamaica Stock Exchange lost 45 cents exchanging 276,663 units to end at $26.60, JMMB Group closed $1.19 higher at $45.99 with 253,662 shares changing hands, Kingston Wharves jumped $8 to $55 with 18,182 shares traded. Mayberry Jamaican Equities closed at $12.50, after gaining $1.45 trading 171,675 shares, NCB Financial dropped by $3.89 to settle at $206.11 with 133,718 units traded, PanJam Investments rose by 99 cents and ending at $104 after exchanging 7,438 shares, Sagicor Group advanced $3.99 to settle at $73 while trading 81,822 shares. Sagicor Real Estate Fund lost 40 cents in trading 91,711,455 units at $11.50, Salada Foods closed 35 cents lower to $31.65, exchanging 155 shares, Scotia Group advanced $2.40 to end at a 52 weeks’ high of $62.40 with 228,814 shares changing hands, Seprod ended the day’s trade 50 cents higher to settle at $55 in trading 25,305 shares and Supreme Ventures dropped $1.32 to end at $25, after trading 409,266 shares.
Trading in the US dollar market ended with 146,867 units valued at over US$29,408 with the market index declining 1.61 points to close at 198.86. Productivity Business Solutions traded 2,000 shares at 60 us cents, Proven Investments traded 94,847 shares, at 27 US cents, Sterling Investments traded 40,000 units at 3 US cents and Sygnus Credit gained 1 US cent exchanging 10,020 units to close at 15 US cents.