Modest gains for JSE majors – Tuesday

Trading on the main market of the Jamaica Stock Exchange ended on Tuesday with JSE All Jamaican Composite Index rising 282.49 points to 425,064.12 and the JSE Index advancing 256.70 points to 387,260.45.
At the close market activity, the main and US markets traded 32 securities, compared to 31 securities trading on Monday as 11 advanced, 13 declined and 8 traded without changes in prices. Main market activity ended with 8,311,096 units valued $195,683,562 compared to 3,016,645 units valued $84,766,098, changing hands, on Monday.
Wisynco Group led trading with 1,990,579 shares for 24 percent of the day’s volume, Carreras was next with 1,182,543 units, accounting for 14 percent of the total main market volume changing hands and Seprod ended with 738,968 shares, for 9 percent of the day’s volume.
Market activity ended with 286,590 units valued at over $6,747,709, in contrast to 104,022 shares valued at $2,922,969 on Monday. The average volume and value for the month to date, amounts to 296,080 shares with a value of $12,795,751 and previously, 296,580 shares with a value of $13,133,046. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 9 stocks ending with bids higher than their last selling prices and 4 stocks closed with lower offers.
In main market activity, Barita Investments gained 50 cents to close at $50, in trading 218,453 shares,  changing hands, Caribbean Cement dropped $1.40 after exchanging 333,970 shares, to end at $50, Grace Kennedy rose 52 cents in trading 14,383 stock units to close at $58.52, Jamaica Broilers fell $1.25 and finished trading of 397,700 units, at $33. Jamaica Stock Exchange rose 35 cents to end at $17.50, with the trading of 62,384 shares, Kingston Properties rose 48 cents and settled at $6, with an exchange of 90,092 units, Mayberry Investments lost 80 cents trading 296,539 shares to close at $9.20. PanJam Investment rose $2 in trading just 544 units, to close at $79, Portland JSX lost 50 cents to close at $7.50 in trading 56,500 shares. Salada Foods shed $2.25 in trading 47,618 units to close at $36, Scotia Group climbed $1.45 trading of 57,292 stock units at $53 and Seprod shed $3.80 trading 738,968 shares at $42.
Trading in the US dollar market resulted in 357,609 units valued at over $132,253 changing hands. JMMB Group 6% USD preference share traded 72,000 units at US$1.04, Proven Investments trading 256,409 units, to close at 21 US cents and Sygnus Credit Investments exchanged of 29,200 shares at 12 US cents. The JSE USD Equities Index lost 0.69 points to close at 173.10.