New Record close for JSE main market

The main market of the Jamaica Stock Exchange closed at a new record high on Tuesday, the third record close in three days, but advancing stocks were outgunned by declining ones almost two to one.
JMMB Group traded at a new all-time high of $45 but ended at a record close of $44.99, Sygnus Credit Investments closed trading at an all-time high of $16 and JMMB Group 7.25% preference share ended at a 52 weeks’ low of $1.96.
Trading ended with the JSE All Jamaican Composite Index rising 1,159.33 points to a record close of 517,597.52 points and the JSE Index climbing 1,053.53 points to a record close of 471,349.22.
At the close of trading, 39 securities traded in the main and US dollar markets leading to 10 securities advancing, 16 declining and 13 trading firm. Market activity ended with 24,689,423 units valued at $108,692,341 compared to 27,938,388 units valued at $104,981,806 changing hands from 33 securities on Monday.
Wigton Windfarm led trading with 21 million shares for 86 percent of total main market volume, followed by Carreras with 1.1 million units or 4.5 percent of total volume and Scotia Group with 579,341 stock units for 2 percent of total volume.
The market closed with average of 667,282 units valued at an average of $2,937,631 for each security traded. In contrast to 873,075 units for an average of $3,280,681 on Monday. The average volume and value for the month to date amounts to 762,722 units valued at $3,096,727. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 4 with lower offers.
In the main market activity, Barita Investments shed 90 cents to close at $44.10, in trading 16,380 shares, Caribbean Cement rose $1.90 to finish at $80, with an exchange of 41,276 shares, JMMB Group jumped $4.48 trading 66,178 shares to end at a record close of $44.99. Kingston Properties lost 48 cents and finished trading 500 shares at $5.52, Kingston Wharves jumped $2 in settling at $70, with an exchange of 7,632 units, NCB Financial Group lost 50 cents and concluded trading 79,816 shares at $189.50, while 138 Student Living fell 33 cents to $3.67, in trading 6,450 shares. PanJam Investment lost $1 to settle at $100 with 39,307 shares changing hands, Scotia Group dropped $2.95 to settle at $57.05, while trading 579,341 shares, Seprod declined $1.60 to end trading of 9,058 shares at $46.90 and Sygnus Credit Investments rose 50 cents to end at a record close of $16, with 54,245 units trading.
Trading in the US securities market resulted in 17,950 units valued US$3,504 changing hands. Market activity ended with Proven Investments rose 1 cent in trading 10,00 shares to close at 25 US cents and Sygnus Credit Investments closed at 13 US cents, with 7,950 units. The JSE USD Equities Index closed 3.59 points higher at 189.70.

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