Main market makes big gains – Thursday

Wisynco producers of Wata, traded 1.75 million shares on Thursday.

The Main Market of the Jamaica Stock Exchange recovered some lost ground on Thursday with JSE All Jamaican Composite Index jumping 1,681.33 points to 311,750.81 and the JSE Index climbing 1,531.89 points to 284,040.25.
Main market activities ended with 9 stocks rising, 11 declining and 5 trading firm as 22 securities traded versus 22 on Wednesday.
Market activity ended with 4,616,878 shares valued at $176,039,060, in contrast to 3,008,815 shares valued at $51,707,605 on Wednesday.
Trading in the US dollar market ended Proven Investments trading 78,270 ordinary shares with a value of US$17,207 at 22 US cents. The JSE US Equities Index closed with a loss of 0.09 points to 168.66.
Trading ended with an average of 164,889 units for an average of $6,287,109 in contrast to 136,764 units for an average of $2,350,346 on Wednesday. The average volume and value for the month to date amounts to 256,118 units valued at $6,475,597 and previously 263,882 units valued at $6,493,073. December closed with average of 686,156 units valued at an average of $8,654,832 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 2 stocks ended with bids higher than their last selling prices and 4 with lower offers.
The major movers at the close of the market are, Victoria Mutual Investments trading just under the million range, with 893,653 units changing hands and Wisynco Group exchanging 1,751,629 units. Price changes saw Berger Paints closing $1.49 higher at $18, Caribbean Cement jumping $2.50 to close at $35, Jamaica Producers closed $1.50 higher at $18, Kingston Wharves settled with a loss of $1.42 at $30.08 and Seprod concluded trading with a loss of $1.50 at $28.50.
For more details of market activities see – Demand rise for VM Investments & Wisynco .

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