Modest gains for JSE stocks

Trading on the main market of the Jamaica Stock Exchange ended on Tuesday with JSE All Jamaican Composite Index advanced by 575.71 points to 425,219.93 and the JSE Index rose 523.15 points to close at 387,402.04.
At the close market activity, the main and US markets traded 37 securities, compared to 34 securities trading on Thursday as 18 advanced, 9 declined and 10 traded without changes in prices.
Main market activity ended with 21,778,622 units valued $200,727,926 compared to 15,376,856 units valued $418,574,978 changing hands, on Tuesday.
Mayberry Investments led trading with 12.544 million shares for 57.6 percent of the day’s volume, Kingston Properties was next with 2.95 million units, accounting for 12.6 percent of the total main market volume changing hands and JMMB Group 7.25% preference ended with 2.74 million shares, for 12.6 percent of the day’s volume.
Market activity ended with an average 659,958 units valued at over $$6,082,664, in contrast to 480,527 units valued at over $13,080,468 on Tuesday. The average volume and value for the month to date amounts to 459,748 shares at $6,000,486 shares, in contrast to 389,462 shares at $5,971,637 on the prior trading day. Trading for February resulted in an average of 281,016 shares with a value of $11,715,160, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 8 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
In main market activity, Barita Investments gained 99 cents to close at $49.99, trading of 5,265 shares,  Caribbean Cement closed with a drop of $1 to finish at $51, with 1,300 shares changing hands. Carreras traded 35,151 shares and rose 29 cents to close at $9.20, Eppley traded 15,103 shares and lost $1 to close at $10. Grace Kennedy traded 36,523 stock units after falling 88 cents, to close at $60.50, JMMB Group concluded trading of 13,925 shares with a rise of $1.09 to close at $32.99. Kingston Properties fell 60 cents to settle at $6, trading 2,954,575 shares, Kingston Wharves shed $1 to settle at $75, with an exchange of 791 units, PanJam Investments traded 7,955 shares to rise by $1.25 to end at $80. Sagicor Group rose 50 cents in trading 56,189 shares, to close at $39.50 and Supreme Ventures gained 50 cents to finish at $22.50 with 137,370 units changing hands.
Trading in the US dollar market resulted in 30,619 units valued $15,943 changing hands. JMMB Group 6.00% with 8,000 units atUS$1.05 after rising 1 cent, JMMB Group 5.50% preference share with1,500 units to close at US$2, Proven Investments closed trading with 20,689 units changing hands at 21.96 US cents up haft a cent and Sygnus Investments traded 430 units at 11 US cents. The JSE USD Equities Index declined 0.92 points to close at 174.22.

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