The Jamaica Stock Exchange main market recovered from losses on Wednesday to end at a new closing record high on Thursday, with the market indices rising more than 1,000 points.
At the end of trading, the JSE All Jamaican Composite Index climbed 1,135.75 points to record close of 325,323.92 and the JSE Index rose 1,034.80 points to record closing high of 296,406.87.
At the close with only 29 securities traded versus 25 on Wednesday. Trading resulted in the prices of 9 stocks rising, 12 falling and 8 trading firm, in the main and US dollar markets.
Securities closing with sizable price changes include, NCB Financial Group trading down $2.15 to $97.10,
Grace traded nearly 7.8 million shares on Thursday.
Palace Amusement dropped $200 to $900, Sagicor Group lost $2 to $37 and Scotia Group finished with a rise of $2.50 to $53.50.
Main market activity ended with 11,332,892 units valued at over $423,780,603 compared to 2,346,923 units valued at $42,062,008 changing hands on Wednesday. Grace Kennedy trade 7,778,385 units valued at $$380 million, accounting for 68.64 percent of the overall market volume. Carreras with 1,133,057 units and 10 percent of total volume traded and Victoria Mutual Investments closed with 657,398 units changing hands.
Trading resulted in an average of 419,737 shares valued at $15,695,578, for each security traded, compared to 97,788 shares valued at $1,752,584 on Wednesday. The average for the month to date is 1,510,327 shares with a value of $7,058,809 and previously 2,887,284 shares with a value of $2,486,402. In contrast, March closed with an average of 626,526 units with an average value at $20,492,207 for each security traded.
The US dollar market closed on Thursday with 11,628 units valued at US$2,565 as Margaritaville traded 237 units to gain 5 US cents to 25 US cents and Proven Investments traded 11,391 units closing with a gain of 2 US cents to end at 22 US cents and pushing the market index up by 11.85 points to close at 173.30.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 2 with a lower offers.
For more details of market activities see – Grace Kennedy top traded stock on JSE
