NCB shareholders enjoying boom time with the stock trading at $200 on Friday to be up 33% in 2019.
NCB Financial Group closed trading at a record $198.99 for a stunning gain of $18.99 as 12.8 million shares traded. Scotia Group also joined in the euphoria by rising $4 to close at $59.60.
The big gains in the two leading financial market stocks sent the JSE All Jamaican Composite Index up a stunning 13,935.32 points to a record closing high of 507,044.4 within minutes of the close, while the JSE Index jumped 12,663.55 points to a new high of 461,759.26 during Friday’s trading session.
The JSE All Jamaican Composite Index surged 13,923.36 points to a record close of 507,032.49 and the JSE Index jumped 12,652.68 points to a new closing high of 461,748.39.
At the end market activity on the main market the prices of 11 securities advanced, 9 declined and 13 traded firm, as a total of 41 securities traded, compared to 35 on Thursday. No trades took place in the US dollar market.
Eppley ordinary share traded at a new high of $16.50 but closed lower at the end of the day at a new closing high of $16.20 and the Jamaica Stock Exchange shares ended at a new closing 52 weeks’ high of $25.01.
Market activity ended with 69,103,355 units at $2,988,675,102, in contrast to 100,042,177 units with a value of $2,008,625,701 changing hands, on Thursday.
Wigton Windfarm led trading with 42.68 million units or 62 percent of total main market volume, NCB Financial Group with just over 13 million shares changing hands, equating to 19 percent of total trades, followed by JMMB Group with 10 million stock units for 15 percent of the day’s trades.
The market closed with average of 2,094,041 units valued at an average of $90,565,912 for each security traded, in contrast to 2,565,184 units valued at $51,503,223 for each security traded on Thursday. The average volume and value for the month to date amounts to 1,593,766 shares, with a value of $23,947,275, compared to 1,560,748 shares, with a value of $19,229,647 previously. May closed with an average of 2,248,261 units at an average of $12,751,529 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 4 closing with lower offers.
At the close of the market, Caribbean Cement lost 50 cents in trading 75,874 units at $79, Grace Kennedy rose $1 to $65 while trading 4,943 shares, Jamaica Broilers traded 14,164 units and gained $1 to end at $32, Jamaica Stock Exchange rose 80 cents to end at a record high of $25.01, with 11,962 shares trading. JMMB Group rose $1.50 trading 10,146,390 shares to end at $39, NCB Financial Group jumped by a huge $18.99 to close at $198.99, with an exchange of 12,978,156 stock units. The big price move followed the announcement that the group sold their shares in Advantage General Insurance for almost US$51 million. PanJam Investment lost $1 and finished at $95, trading 96,263 shares, Sagicor Group gained 99 cents to finish at $51.99 with 536,546 shares crossing the exchange, Scotia Group rose jumped $4 to $59.50, with an exchange of 114,279 shares. Sterling Investments declined 30 cents and finished at $3.60, with the trading of 5,482 units.
