JSE trading boosted – Wednesday

Market activity picked up on the main market of the Jamaica Stock Exchange on Wednesday with 3,197,837 units valued $101,850,841 traded compared to 1,271,826 units valued $41,461,461 on Tuesday.
At the close of the market, the JSE All Jamaican Composite Index increased by 272.70 points to 420,126.72 and the JSE Index advanced 247.81 points to close at 382,775.65. The main and US markets had 29 securities traded, compared to 33 on Tuesday leading to 12 advancing, 9 declining and 8 closing unchanged.
Grace Kennedy led trading with 1,129,961 shares, accounting for 35 percent of total main market volume, followed by Wisynco Group with 670,925 units and 21 percent of the day’s trades and Radio Jamaica with 421,639 units for 13 percent of volume traded.
Market activity ended with an average of 114,208 units valued at an average of $3,637,530 for each security traded, in contrast to 43,856 units for an average of $1,429,706 on Tuesday. The average volume and value for the month to date amounts to 142,996 shares at $2,404,318 for each security, compared to 145,107 shares at $2,305,661 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 11 stocks ending with bids higher than their last selling prices and just 4 closing with lower offers.
In main market activity, Barita Investments rose $1.90 to close at $39.50, with an exchange of 74,708 shares, Caribbean Cement climbed $1.55 to $67.05, with a mere 10,981 shares changing hands, Grace Kennedy traded 1,129,961 stock units after falling 37 cents to end at $59.63, Jamaica Broilers climbed $1.80 to close at $33, with an exchange of 53,160 shares. Jamaica Producers fell 25 cents to close at $22, after trading 69,348 stock units, Kingston Wharves gained 50 cents to settle at $68.50, with 650 units changing hands. Mayberry Investments declined $1 trading 69,600 shares, to close at $7.50,  Mayberry Jamaican Equities  fell 50 cents trading 138,162 shares at $9.50. NCB Financial Group  dropped $1.20 in trading with 14,174 shares, to close at $143.80,  PanJam Investment  lost 99 cents after ending at $78.01 and trading 41,290 units, Sagicor Group rose 45 cents to $39.50 in an exchange of 10,772 shares. Scotia Group  rose 30 cents and finished trading 28,076 shares at $50.50, Seprod closed at $42.50 with a gain of 50 cents while trading 11,100 shares, Supreme Ventures gained $2 in finishing at $27, with 278,135 units changing hands and Wisynco Group gained 35 cents trading 670,925 units, to close at $11.70.
Trading in the US dollar market ended with just one security trading. Proven Investments ended trading with 5,000 units at 23 US cents leaving the JSE USD Equities Index unchanged at the close at 178.39.