More gains for JSE majors – Thursday

The main market of the Jamaica Stock Exchange made further gains at the end on Thursday with JSE All Jamaican Composite Index increasing by 791.14 points to 425,581.58 and the JSE Index advancing by 718.92 points to 387,730.67.
At the close market activity, the main and US markets traded 36 securities, compared to 33 securities trading on Wednesday as 17 advanced, 6 declined and 13 traded without changes in prices.
Main market activity ended with 10,610,997 units valued at $1,075,805,493 compared to 6,849,263 units valued $129,072,474, changing hands, on Wednesday.
NCB Financial Group led trading with 7,060,926 shares for 66.5 percent of the day’s volume, JMMB Group 7.25% preference share was next with 950,000 units, accounting for 9 percent of the total main market volume changing hands and Wisynco Group ended with 549,686 shares for 5 percent of the day’s volume.
An average of 321,545 units valued $32,600,166 compared with 228,309 units valued at an average of $4,302,416 for each security traded, on Wednesday. The average volume and value for the month to date, amounts to 318,948 shares with a value of $14,410,836 and previously, 318,762 shares with a value of $13,014,911. 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 7 stocks ending with bids higher than their last selling prices and 3 stocks closed with lower offers.
In main market activity, Caribbean Cement rose 50 cents after exchanging 146,631 shares, to end at $51.50, Grace Kennedy lost $1.49 trading 40,883 stock units to end at $58.50, JMMB Group gained $1 trading of 81,877 shares, to close at $32.50, Kingston Wharves gained $1.20 to close at $77, with 2,079 units changing hands. NCB Financial added 29 cents to close at $144.79, with an exchange of 7,060,926 shares, PanJam Investment rose 89 cents to end at $76.99 in exchanging 880 shares, Sagicor Group rose $2 to settle at $42, with 133,288 shares changing hands, Salada Foods rose $1 trading 600 stock units to close at $36. Scotia Group lost 48 cents and ended trading of 14,123 stock units at $53.45, Seprod fell $2 trading 323,011 shares at $45, Sygnus Credit Investments gained 50 cents with 112,100 units trading to end at $13.50 and Wisynco Group  rose 30 cents and settled at $11.85, with 549,686 shares changing hands.
Trading in the US dollar market resulted in 135,456 units valued at over $24,597 changing hands.  Margaritaville  completed trading 4,150 shares at 24 US cents, Proven Investments lost 1.5 cents in trading 100,406 units, to close at 20.5 US cents and Sterling Investments traded 10,000 units at 0.0385 US cents. The JSE USD Equities Index advanced 0.16 points to close at 168.96.