NCB jumped to a record high of $65 during trading on Wednesday.
Overall market activity, ended with 22 stocks rising and 14 falling, including 12 stocks rising and 2 falling, in the junior market. At the close 4 securities ended at new 52 weeks’ closing highs and 6 trading at an intraday high while one traded, at an intraday 52 weeks’ low.
All major market indices jumped sharply, with the all All Jamaica Composite Index surging 3,907.49 points to close at 235,933.11, the JSE Market Index climbed sharply by 3,493.98 points to finish at 215,340.68 and the JSE combined index jumped 3,495.03 points, to close at 229,135.36. The movement of the main market, for the year to date, resulted to gains of 12.3 percent, for the all Jamaica Composite Index.
At the close, 10,945,066 units valued at $162,330,186 changed hands, compared to 15,833,084 units valued at $518,190,757 changing hands on Tuesday. Of the stocks traded, the junior market accounted for 2,831,925 units valued at $14,341,956.
The average trade for the day in the main market ended at 279,763 shares compared to an average of 384,180 units on Tuesday. January ended with an average of 592,602 units.IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 17 stocks with bids higher than their last selling prices and 4 with lower offers.
In market activity, Barita Investments gained 50 cents to close at $6.50 with 47,891 units changing hands, Berger Paints declined 45 cents and closing at $11.05 after trading 26,638 shares, Cable and Wireless lost 4 cents trading 513,643 units at $1.15, Caribbean Cement closed at $33.02 with an exchange of 26,700 shares. Carreras closed lower at $62.50, losing $4.25 with 569,635 units changing hands, the stock traded at a 52 weeks’ low of $60, earlier in the day, 1834 Investments lost 5 cents to close at $1.45 after trading 26,648 shares, Grace Kennedy had 18,034 units trading at $40, for a loss of 50 cents. Jamaica Broilers lost 10 cents to close at $15.30 with 78,129 shares changing hands, Jamaica Producers traded 51,690 shares, rising $1.50 to end at a 52 weeks’ closing high of $15, Jamaica Stock Exchange closed at $5.60 trading 573,360 shares, JMMB Group closed at $16.89, with a loss of 1 cent as 129,066 units traded. Kingston Wharves lost $1, ending at $32.99 and trades of 2,112 units, Margaritaville traded 52,619 shares at 27 US cents, Mayberry Investments gained 35 cents to close at $5.50 with 508,060 shares exchanged, after trading at an intraday high of $5.75, National Commercial Bank rose to a 52 weeks’ closing high of $64.99, after gaining $3.49 and swapping 76,727 shares.
Pan Jamaican lost 50 cents and closed at $30.50 with 20,195 units exchanged, Portland JSX traded 7,500 units with gains of 10 cents to close at $9.10, Pulse Investments gained 5 cents to close at $6 in trading 15,750 units, Radio Jamaica closed at $1.30 with 84,170 shares traded. Sagicor Group closed with 55,950 shares changing hands with a loss of 40 cents at $30.10 after it traded earlier at an intraday high of $31, Sagicor Real Estate fund gained 22 cents, closing at $10.22 and trading 14,328 units, Scotia Group ended trading at $38.61, gaining 61 cents with 771,110 shares changing hands. Scotia traded at an intraday high of $40. Scotia Investments also traded at an intraday 52 weeks’ high of $34.94 but closed trading with 980,950 units while losing $1.02, to close at $32, Sterling Investments closed at $15.60 with trades of 70,850 units, Supreme Ventures gained 20 cents after trading 1,790,979 shares to close at $5.30, Proven Investments traded 500,825 ordinary shares, adding 1 cent to close at a 52 weeks; high of 24 US cents and JMMB Group 7.5% preference share traded 1,090,382 units at $1.10.
