Berger hit at a new 52 weeks’ high on Thursday.
The high levels of trading above the $220 million market seen in the market for the previous 5 trading days ended on Thursday with less than $100 million of trading. At the close, 3,687,829 units valued at $80,933,897 changed hands, compared to 13,315,100 units valued at $237,592,401 changing hands on Wednesday. Of the stocks traded, the junior market accounted for 542,606 units valued at $3,545,918.
The market closed with 43 securities changing hands, with 16 stocks rising and falling in the overall market, including 6 stocks rising and 5 falling, in the junior market. A total of 8 securities ended at new 52 weeks’ closing highs.
At the close the All Jamaica Composite Index gained 1,486.31 points to close at 217,038.89. The JSE Market Index rose 1,268.01 points to finish at 198,445.93 and the JSE combined index climbed 1,077.42 points to close at 212,917.33.
The average trade for the day in the main market ended at 116,490 shares compared to an average of 275,383 units traded on Wednesday. An average of 291,945 units traded for the month to date, versus 467,399 units on the previous trading day. The average for the month of December ended at 549,379 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 21 stocks with bids higher than their last selling prices and 3 with lower offers.In market activity, Berger Paints jumped $1, pushing the price to a new closing high at $10.50 while trading 123,265 shares, Cable and Wireless ended with 626,427 units at $1.18, after losing 7 cents, Caribbean Cement surged $3 in trading 865,850 shares to close at 52 weeks’ high of $36.50. Carreras closed at $66.70 with 27,280 shares changing hands, 1834 Investments traded 62,439 units at $1.30, Grace Kennedy had 50,652 units trading to close at $40.65, after gaining 15 cents, Jamaica Broilers lost 2 cents and closed at $15 with 21,213 shares changing hands. Jamaica Producers traded 250,000 shares after losing 30 cents to end $11.50, Jamaica Stock Exchange lost 10 cents to close at $5.50, having traded 51,865 shares, JMMB Group traded 114,080 units at $15.50, gaining 15 cents, Kingston Wharves ended up trading just 600 units and adding 26 cents to close at $27.75.
Mayberry Investments traded 36,000 shares with gains of 75 cents, to close at $5, National Commercial Bank lost 58 cents to close at $52.02 after swapping 519,708 shares, Pan Jamaican gained 35 cents and closed at $30 with 26,688 units traded, Portland JSX closed at $9 after falling by 50 cents while trading 7,079 units. Pulse Investments traded 45,950 units, gaining 35 cents to close at a 52 weeks’ high of $5.30, Radio Jamaica lost 5 cents, closing at $1.35 with 15,200 shares traded, Sagicor Group closed with 49,810 shares changing hands with a gain of 96 cents to $30. Sagicor Real Estate fund traded 20,400 units and closed at $9.50, Scotia Group, with 118,490 shares changing hands lost 89 cents to close at $36.11. Scotia Investments traded 28,694 units, gaining 99 cents to close at $33.49, Supreme Ventures lost 11 cents in trading 10,500 shares to close at $5.10 and Proven Investments traded 67,260 ordinary shares to close at 23 US cents.
