JSE main market had 14 days of record close in July and heading much higher going forward.
Jamaica Stock Exchange’s main market ended July with the 14th record close for the month and the 38th for 2019 and 38 percent gain for the year to date, to remain the world’s top-performing market for the past 12 months.
The market closed July with the JSE All Jamaican Composite Index jumping 7,284.40 points to a record close at 575,250.19 points, the JSE Index climbed 6,619.61 points to close at another high of 523,740.10 and the JSE Financial Index advanced by 1.02 points to close at 139.38.
Market activity, resulted in 40 securities trading in the main and US dollar markets, leading to 21 securities advancing, 11 declining and 8 trading firm, compared to 35 securities trading on Tuesday.
At the close of trading, Barita Investments inched higher to a record close of $95 after it rose to a high of $100, Victoria Mutual Investments ended at a record closing high of $8 and Sygnus Credit Investments closed at 52 weeks’ high of $22. Trading ended with 53,548,880 units valued at $758,601,832, compared to 184,796,002 units valued $1,610,513,368 changing hands on Tuesday.
Wigton Windfarm led trading with 24.8 million units for 46 percent of total volume, JMMB Group 7.5% followed with 10 million shares for 19 percent of the day’s volume and Sagicor Group with 7.9 million shares for 15 percent of total main market volume.
The market closed with average of 1,447,267 units valued at an average of $20,502,752 for each security traded. In contrast to 5,774,875 units for an average of $50,328,543 on Tuesday. The average volume and value for the month to date amounts to 1,297,718 shares valued at $17,985,644 changing hands, compared to 1,290,587 shares valued at $17,854,655 for each security traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than the last selling price and just 1 with a lower offer.
In the main market activity, Caribbean Cement fell $1.99 trading 161,377 units at $78, Eppley traded 7,553 after losing 50 cents to end at $16.40, Grace Kennedy lost $2 in the trading of 153,600 to close at $70, Jamaica Broilers exchanged 1,135,364 and rose $1.25 to close at $34. Jamaica Producers fell 50 cents trading 9,595 units to close at $28.50, JMMB Group gained $2 trading 107,504 shares to end at $53, Kingston Properties traded 141,647 shares and rose 50 cents to end at $6, Mayberry Investments fell 25 cents to close at $8.75 in trading 92,573 shares. 
Mayberry Jamaica Equities traded 3,752,372 to gain 50 cents and ended at $12.50, NCB Financial lost $2 exchanging 162,275 units to close $213, Proven Investments lost 70 cents trading 5,326 shares in closing at $35.80, Sagicor Group jumped $5 in trading 7,879,535 shares to close at a record high of $63. Sagicor Real Estate Fund climbed $1.98 to end at $12.99 while trading 102,792 shares, Scotia Group dipped 25 cents to close at $56 trading 109,341 shares, Seprod jumped $5 trading 13,758 units to close at $60. Sygnus Credit Investments jumped $3.50 trading of 109,800 units to end at a record high of $22, Victoria Mutual Investments traded 2,051,094 and gained 68 cents to end at a record high of $8 and Wisynco Group traded 214,850 but fell 49 cents to close at $27.50.
Productive Business Solution 9.5% preference share traded 83,400 units and gained $1.99 to end at $107.99.
Trading in the US securities market resulted in 19,171 units valued US$8,433 changing hands with, JMMB Group 6% preference share settled at $1 with 7,000 stock units trading, Proven Investments closed at 25 US cents with an exchange of 771 shares and Sygnus Credit Investments traded 11,4000 shares at 11 US cents. The JSE USD Equities Index shed 0.16 points to close at 187.25.
