Major stocks surge to new record
October 17, 2017 by IC Insider.com
NCB Financial with 611,333 units trading jumped to $93 at the close, along with Scotia Group that traded just 9,271 units to close higher at $52 were two of the main contributors to the day’s rise in the market indices.
The Main Market of the Jamaica Stock Exchange finished trading on Tuesday with 23 securities changing hands, 12 advanced, 4 declined and 7 traded firm with 4,504,312 units valued at 68,391,852 compared to 94,545,441 units valued at 1,119,081,050 on Thursday. In the US dollar market, trading just 1 security accounted for 102,838 units with a value of $24,009 and the JSE US dollar Equities Index closing with a modest loss of 0.70 points to 183.66.
Trading ended with an average of 142,884 units for an average of $3,108,721, in contrast to 204,741 units for an average of $3,108,721 Friday. The average volume and value for the month to date amounts to 2,085,099 units valued at an average of $28,710,794 and 2,279,320 units valued at $31,266,958 previously. In contrast, September 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 10 stocks with bids higher than their last selling prices and 2 with lower offers.
Berger Paints resumed trading but with ne official report on the out turn of the acceptance of the offer by investors, the stock closed at $11.50 after 248,769 units were traded.
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Emerging market stock, Jamaica Stock Exchange, Jamaican stocks, National Commercial Bank, NCB, Scotia Group, Trading Activity
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