The main market of the Jamaica Stock Exchange continued its quiet move higher as the market closed on Monday with gains on 4 days out of 5. The market ended with 26 securities changing hands and 1 trading in the US dollar market. At the close, 12 stocks advanced and 8 declined and 3 stocks closed at 52 weeks’ high.
Trading levels in main market ended at 1,892,384 units valued at $17,691,277 compared to 2,910,852 units valued at $97,817,290 at the close on Friday. Trading in the US dollar market accounted for just 760 units valued at US$228.
The All Jamaica Composite Index gained 1,103.05 points to close at 251,873.90 the JSE Market Index advanced 1,005.00 points to finish at 229,485.66 and the JSE US dollar market index remained at 760 points at the close.
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 9 stocks with bids higher than their last selling prices and 3 with lower offers.
The main market ended trading with an average of 184,556 units valued at $680,434 per security compared to an average of 116,434 units and $3,912,692 on Friday. The average trade for the month to date ended at 454,388 units and $5,163,911 versus an average of 454,388 units and $5,508,794 on the prior trading day. The average volume and value for March ended at 549,909 units and $1,379,459.
In market activity, Barita Investments closed at $7.10 with trades of 300 shares, Berger Paints closed at $14.99, with gains of $1.47 exchanging 1,230 shares, Cable and Wireless closed at $1.36, losing 4 cents with 1,031,203 shares changing hands, Caribbean Cement traded $2 lower at $30 with an exchange of 75,122 units. Carreras closed at a 52 weeks’ high of $75.90, with gains of 90 cents while exchanging 12,046 shares, Grace Kennedy closed at $44, with a loss of 50 cents trading 31,293 units, Jamaica Broilers closed at $16.80 with 19,196 shares changing owners, Jamaica Producers closed at $15.50 exchanging 2,602 shares, Jamaica Stock Exchange closed 50 cents lower at $8, trading 107,792 shares. JMMB Group closed 29 cents higher to $19.99 trading 54,400 units, Kingston Properties gained 50 cents to close at $16 exchanging 5,980 units, Kingston Wharves closed at $32, while rising 50 cents trading 13,221 units,
NCB Financial Group traded at $65, with 37,342 shares changing hands, 1834 Investments gained 15 cents to close at $1.65, with an exchange of 40,389 shares, PanJam Investments closed 95 cents higher to $35.60 trading 5,345 shares. Pulse Investments lost 1 cent with 200,000 shares changing hands, to end at $8.04,Radio Jamaica was down 4 cents to close at $1.75 with trades of 5,300 shares, Sagicor Group closed at $33, losing 50 cents with an exchange of 39,945 shares, Sagicor Real Estate Fund rose 45 cents to close at $10.50, with 991 shares being swapped, Scotia Group closed at $41 exchanging 61,310 units, Seprod closed $1 higher to $36, trading 1,563 shares, Supreme Ventures closed at $6.35, losing 3 cents exchanging 57,364 shares. Proven Investments closed at 30 US cents with trades of 760 ordinary shares, Proven Investments 8.25% preference share gained 6 cents in trading 20,000 units at $5.17, JMMB 7.25% preference share traded 10 cents higher to close at a 52 weeks’ high of $2.51 with 25,000 units changing hands, and JMMB 7.50% preference share closed 8 cents higher to $1.88 with trades of 26,250 units.
