Seprod shares jumped $3.75 on Tuesday.
Trading picked up on the main market stocks of the Jamaica Stock Exchange on Tuesday over Monday’s low level and the market indices made strong gains, continuing the recovery from last week’s steep fall and adding to Monday’s gains.
At the close the All Jamaica Composite Index advanced 4,308.59 points to close at 288,621.38, the JSE Market Index gained 3,925.61 points to 262,966.73 while the JSE US dollar market index inched higher by just 0.47 points to 191.75.
At the close of trading, 25 securities changed hands in the main market with 3 trading in the US dollar market, leading to 9 stocks advancing and 11 declining. The main market ended with 5,755,768 units valued at $88,334,159 changing hands compared to 4,567,079 units valued at $32,966,262 at the close on Monday. Trading in the US dollar market accounted for 84,612 units valued at US$47,715 bringing the total of all trades to J$94,584,782.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows a fairly strong at 8 stocks with bids higher than their last selling prices and none with a lower offer.
The main market ended trading with an average of 230,231 units for an average of $3,533,366 for each security traded compared to an average of 182,683 units valued at $1,318,651. The average volume and value for the month to date ended at $340,965 units with an average value of $3,892,714 compared with an average of 352,182 units with an average value of $3,275,641 on the previous trading day. The average volume and value for August ended at 184,094 units with an average value of $4,336,090.
At the close Carreras rose to a new 52 weeks’ high of $11.50 after the 10 to 1 stock took effect on the market on Monday and Seprod jumped $3.75 to $33 while Scotia Group closed at $51.
