More records signaled for JSE

Jamaica Stock Exchange main market climbed to another record close on Wednesday past the 408,000 points mark based on the movement of the All Jamaica Composite Index. Closing quotes suggest that the market should move higher on Thursday.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 10 stocks ended with bids higher than their last selling prices and only 1 closing with a lower offer, suggesting mostly gains ahead for stocks.
At the end of trading All Jamaica Composite Index climbed 3,109.71 points to close at a record closing high of 408,452.60 and the JSE Index jumped 2,833.30 points to a record close of 372,146.54.
A total of 32 securities traded including 3 in the US dollar market, compared to 29 trading on Tuesday with the prices of 20 securities rising, 5 declining and 4 that held firm. The market had 4 new highs during trading but ended with just two closing at a 52 weeks’ high.
The main market ended with 2,630,637 units valued at over $70,273,331 changing hands, compared to 3,284,901 units valued at $66,139,568 changing hands on Tuesday.
Trading closed with JMMB Group accounting for with 740,000 shares or 19.22 percent of the day’s volume, followed by Sagicor Group with 539,066 units and 14 percent of the volume traded and Grace Kennedy with 434,750 units and 11.3 percent of the day’s volume.
Trading resulted in an average of 132,745 units valued at over $3,474,891, in contrast to 97,431 shares valued at $2,602,716 on Tuesday. The average volume and value for the month to date amounts to 114,884 shares valued $2,790,409 and previously, 105,635 shares valued $2,435,945. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Berger Paints dropped $1.50 and ended at $21, trading 12,969 stock units, Caribbean Cement lost 90 cents to finish at $49.10, in trading 20,497 shares, Jamaica Broilers rose $1 in trading 25,397 stock units at $31, Jamaica Producers lost $2 to close at $30, trading 204,464 stock units, Kingston Wharves added $1.10 to close at a record $75.10, with 6,139 stock units changing hands, Mayberry Equities rose 15 cents to finish at closing high of $11.60, trading 122,247 stock units, PanJam Investment rose 5 cents and ended at 52 weeks’ closing high of $64.90, while exchanging 3,376 stock units, Portland JSX ended at $9 with 19,245 units trading after falling 50 cents, Pulse Investments lost 40 cents and concluded trading of 24,989 shares at $2.40, Sterling Investments close at $24, with 19,180 shares changing hands after trading at an all-time intraday high of $28 and Supreme Ventures rose $1.50 in trading 88,917 shares to end at $21.
Trading in the US dollar market closed with 70,385 units valued at $22,180 as JMMB Group 6 percent preference share concluded trading of 50,000 shares at $1.06, Margaritaville rose 4.1 cents and ended at $0.24 with 1,200 shares trading and Proven Investments traded 3,200 shares to close at 23 US cents. The JSE USD Equities Index advanced by 1.73 points to close at 174.64.

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