NCB pushes JSE main market up – Friday

NCB jumps $4.75 on Friday after the Group disclosed bid for majority shares in Guardian Holdings.

Trading on the Main Market of the Jamaica Stock Exchange closed on Friday saw the JSE All Jamaican Composite Index gaining 604.57 points to 304,198.46 and the JSE Index advancing 550.84 points to 277,159.21 as NCB Financial climbed $4.75 following their bid for majority shares in Guardian Holdings.
Trading on the Main Market of the Jamaica Stock Exchange ended on Friday with just 16 securities changing hands of which 5 advanced, 6 declined and 5 traded firm with 581,428 units valued at $23,062,993 compared to 714,979 units valued at $14,275,297 on Thursday from 21 securities changing hands.
Trading ended with an average of 36,339 units for an average of $1,441,437, in contrast to 34,047 units for an average of $679,776 on Thursday. The average volume and value for the month to date amounts to 230,246 units valued at $4,248,014 and previously, 230,246 units valued at $4,248,014. In contrast, November closed with average of 349,084 units at an average of $5,801,440 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 2 with lower offers.
The major movers at the close, are Berger Paints falling $2.45, NCB Financial jumping $4.75 after the Group announced a bid to acquire majority shares in Guardian Holdings and PanJam Investment fell $1.12 and Scotia Group fell $2.
For more details of market activities see report Trading falls on JSE main market – Friday.

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