New record close for JSE majors

Scotiabank traded large volumes on Wednesday.

The main market of the Jamaica Stock Exchange, closed higher on Wednesday as advancing stocks were nearly twice as many as declining ones in the overall market.
The market enjoyed another day of good volumes, with values exceeding $237 million, as the market continues to trade above the $220,000 market for the fifth consecutive day.
The market closed with 45 securities changing hands, 19 stocks gained and 12 declined in the overall market, including 7 stocks rising and 7 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 215,646.20. The JSE Market Index rose 1,329.03 points to finish at 197,200.62 and the JSE combined index climbed 1,462.70 points to close at 211,694.92.
At the close with 13,315,100 units valued at $237,592,401 changed hands, compared to 10,692,647 units valued at $273,030,077 changing hands on Tuesday. Of the stocks traded, the junior market accounted for 6,155,150 units valued at $25,573,851.
The average trade for the day in the main market ended at 275,383 shares compared to an average of 360,513 units traded on Tuesday. An average of 467,399 units traded for the month to date, versus 659,416 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 17 stocks with bids higher than their last selling prices and 2 with lower offers.
In market activity, Barita closed at $5.75 after trading 100,000 shares, Berger Paints jumped $1 which pushed the price to a new closing high at $9.50 while trading 27,437 shares, Cable and Wireless ended with 96,651 units at $1.25, after gaining 5 cents, Caribbean Cement jumped $2.98 and traded 57,643 shares to close at $33.50. Carreras closed at $66.70 with a loss of 5 cents and 8,729 shares changing hands, 1834 Investments traded 50,000 units at $1.30, Grace Kennedy had 1,260 units trading to close at $40.50, Jamaica Broilers lost 23 cents and closed at $15.02 with 26,933 shares changing hands. Jamaica Producers traded 121,025 shares, gaining $1.80 to end at 52 weeks’ high of $11.80, Jamaica Stock Exchange traded 53,840 shares at $5.60, JMMB Group traded 623,532 units at $15.35 in gaining 4 cents, Kingston Properties closed at $8.50 with 18,435 units traded, Kingston Wharves ended up trading 30,000 units to close at $27.49, after losing 26 cents. National Commercial Bank swapped 134,201 shares to close at $52.60, Pan Jamaican lost 30 cents and closed at $29.65 with 11,923 units traded, Portland JSX gained 50 cents to close at $9.50 while trading 10,923 units. Pulse Investments traded 12,000 units, gaining 60 cents to close at a 52 weeks’ high of $4.95, Sagicor Group closed with 2,276,639 shares changing hands with a gain of 1 cent at $29.04, Scotia Group, with 3,010,131 shares changing hands, gained $1 to close at $37. Scotia Investments traded 2,091 units losing 50 cents to close at $32.50, Seprod traded 466,763 units and rose 30 cents to $29.80 and Supreme Ventures gained 11 cents in trading 10,371 shares to close at $5.21.

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