More gains for JSE stocks – Wednesday

Trading on the Jamaica Stock Exchange picked up on Wednesday with 40 securities changing hands and accounting for 8,743,642 units valued at $60,215,797, in all market segments. The junior market accounted for 7,092,876 units valued at $25,938,952. A total of 16 stocks gained, 15 declined, with 10 of the stocks rising and 4 declining, from the junior market.
The JSE Market Index gained 1,175.25 points to end at 152,446.08, the all Jamaica Composite Index rose 1,314.36 points to 169,322.16 and the JSE combined index climbed 1,524.74 points, to close at 163,052.69.
The increased movement in the main market on Wednesday is the fourth consecutive trading days that the indices have gained.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 11 stocks with bids higher than their last selling prices and 6 with lower offers.
At the end of market activities, Cable & Wireless rose 4 cents to close at $1.39, in trading 41,211 units, Caribbean Cement traded 337,237 shares and rose $2 to close at $26, Carreras fell $1.99 while trading 64,337 shares, to close at $63, Jamaica Broilers had 288,526 units changing hands, to close with a loss of 25 cents at $14. Jamaica Producers lost $1.43 to close at $33.50, but only 1,000 shares changed hands, Jamaica Stock Exchange traded 30,330 units at $21, JMMB Group traded 311,461 shares and rose 50 cents to end at $10.50, National Commercial Bank rose $1 in trading 5,614 shares, to close at $40. Pulse Investments traded 72,980 shares with a rise of 30 cents to close at $2.80, Radio Jamaica traded 62,954 shares and lost 12 cents to close at $1.08, Sagicor Group rose 5 cents to end with 11,500 shares changing hands at $22.20. Scotia Group closed with a gain of $3.44 at $33.99 with 365,623 units changing hands, Scotia Investments lost $1.94 with 7,295 shares to close at $25.50 and Supreme Ventures closed at $5.39 with 23,800 shares changing hands for an 11 cents loss.