Record close for JSE main market – Wednesday

Investors pushed the Jamaica Stock Exchange to a new record close on Wednesday, as NCB Financial traded as high as $219.99 and the All Jamaican Composite Index crossed the 550,000 mark during the day. 
The JSE All Jamaican Composite Index jumped 7,926.92 points to close 546,563.73, the JSE Index climbed 7,203.49 points to a record close of 497,671.93 and the JSE Financial Index rose 2.43 points in closing at 134.46 points.
In the morning session, the JSE All Jamaican Composite Index leaped 12,035.55 points to a record high  of 550,672.36, the JSE Index  jumped 10,937 points to a record of 501,405.60.
Market activity resulted in 32 securities trading in the main and US dollar markets, leading to 17 securities advancing, 12 declining and 6 trading firm, compared to 37 securities trading on Tuesday.  Trading ended with 10,907,156 units valued $142,771,368 compared to 21,525,203 units valued$799,361,615 changing hands on Tuesday. Wigton Windfarm dominated trading with just 4.3 million shares for 40 percent of total main market volume, well down on the usually large volume, the stock traded at for most of the days since it listed in April. 1834 Investments followed with 1.7 million stock units for 16 percent of total volume and Supreme Ventures with 1.2 million shares for 11 percent of the day’s volume.
The market closed with average of 340,849 units valued at an average of $4,461,605 for each security traded, in contrast to 615,006 units for an average of $22,838,903 on Tuesday. The average volume and value for the month to date amounts to 1,247,788 shares valued at $15,618,666 changing hands, compared to 1,314,200 shares at $16,495,880 for each security traded. 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 7 stocks ended with bids higher than their last selling prices and 5 with lower offers.
In the main market activity, Barita Investments dropped $1 to end at $74, in trading 9,039 shares, Caribbean Cement traded 24,264 shares with a rise of 49 cents to close at $79.50, Eppley exchanged 3,650 shares and gained $1.25 to end at $17.25, Grace Kennedy gained $2.49 in trading 4,120 units, to end at $72.50. Jamaica Broilers traded 33,388 shares and gained $1.20 to end at $33.95, Jamaica Producers exchanged 105,258 stock units but lost 85 cents to close at $26.65, Jamaica Stock Exchange lost $1.50 in trading 81,966 units to end at $33, JMMB Group lost $1.50 to end at $52 with an exchange of 86,345 shares. PanJam Investment rose 59 cents in trading 164,175 stock units at $95.10, Proven Investments jumped $4.95, trading 23,895 shares to close at a record high of $41, Sagicor Group dropped $2.49 trading 137,078 stock units to end at $52. Seprod rose 90 cents to close at $46 while trading 12,835 shares and Supreme Ventures added $1.85 to close at $27.85 in trading with 1,209,059 shares and Sygnus Credit Investments lost 62 cents to $14.50, in trading 10,000 units.
Trading in the US securities market resulted in 1,062,929 units valued at over US$158,026 changing hands. Market activity ended with JMMB Group 6% preference share rose 4 cents in trading 84,469 units at $1.04, Proven Investments traded 21,865 shares to close at 25.7 US cents and Sygnus Credit Investments lost 0.04 cents to 11.99 US cents, in trading 1,480 units. The JSE USD Equities Index closed unchanged at 192.13.

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