More gains for JSE majors – Tuesday

On a day of very low trading, the All Jamaican Composite Index added to the strong gains on Thursday to close 1,130.64 points up to 428,191.40 on Tuesday while the JSE Index advanced 1,027.45 points to close at 390,104.27.
Market activity on the main market of the Jamaica Stock Exchange remained subdued with just 1,509,697 units changing hands for $34,816,059, compared to 3,564,657 units valued $53,154,918 on Thursday.
At the close, the main and US markets had 31 securities traded, compared to 28 on Thursday leading to 10 advancing, 11 declining and 10 closing unchanged.
Barita Investments led trading with a mere 225,658 shares, accounting for 15 percent of total main market volume, followed by Mayberry Jamaican Equities with 184,148 units and 12 percent of the day’s trades and Wisynco Group with 167,463 units for 11 percent of volume traded.
Market activity ended with an average of 53,918 units valued at an average of $1,243,431 for each security traded. In contrast to 132,024 units valued at an average of $1,968,701 on Thursday. The average volume and value for the month to date amounts to 136,995 shares at $2,302,086 for each security, compared to 142,319 shares at $2,375,277 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 11 stocks ending with bids higher than their last selling prices and just 2 closing with lower offers.
In main market activity, Barita Investments lost $1 to close at $39, with an exchange of 225,658 shares, Caribbean Cement dropped $1 to $64 with 37,388 shares changing hands, Grace Kennedy gained 45 cents in trading 21,340 stock units at $60, Jamaica Broilers rose 65 cents to close at $31.65, with an exchange of 10,391 shares. Jamaica Producers fell 26 cents to close at $21, after trading 15,500 stock units, JMMB Group added 90 cents to settle at $31.50, with 5,389 units changing hands. Mayberry Investments recovered 50 cents in trading 3,900 shares, to close at $8, Mayberry Jamaican Equities climbed $1 with 184,148 units trading, to close at $10.  Palace Amusement dropped $200 to close at $1,250 after trading 120 units, Sagicor Group lost 47 cents to $44.53 in an exchange of 30,587 shares. Sagicor Real Estate Fund jumped $1.60 to $10.60, in trading 999,193 shares, Scotia Group rose 30 cents and finished trading 15,798 shares at $50.50 and Sygnus Credit Investments rose 50 cents trading of 59,500 units at $12.
Trading in the US dollar market ended with 65,070 shares trading with a value of US$8,900. JMMB Group 6% preference share traded 2,320 units and closed at US$1.04 Proven Investments traded 5,650 shares at 23 US cents and Sygnus Credit Investments rose 1 cent and ended trading of 57,100 units at 9 US cents leaving the JSE USD Equities Index fell 0.95 points to close at 178.31.