Record close greets December – JSE
December 1, 2016 by IC Insider.com
The JSE Market Index grew by 567.25 points to finish at a record closing high of 179,228.98. The JSE combined index rose 237.54 points to end at 190,880.57 with a gain for the year to date of 20.5 percent.
Trading ended with 33 securities changing hands, the prices of 11 stocks gained while 10 declined in the overall market, including 3 stocks rising and 4 falling, in the junior market.
At the close with 4,089,242 units valued at $37,502,327 changed hands, compared to 5,145,475 units valued at $84,668,693 changing hands on Wednesday. The junior market accounted for 2,955,623 units changing hands, valued at $13,246,216 of the stocks traded.
The average trade for the day in the main market ended at just 56,681 shares compared to an average of 163,633 units traded on Wednesday with the average for the November ending at 208,466 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 9 stocks with bids higher than their last selling prices and 3 with lower offers.
In market activity, Cable & Wireless gained 5 cents in trading 64,494 units to close at 80 cents, Caribbean Cement with 4,300 shares trading closed at $28. Carreras lost 40 cents in exchanging 3,220 shares at $65.60, Grace Kennedy fell 40 cents and ended trading only 692 units at $41.60. Jamaica Broilers closed at $14.72 with 12,300 shares changing hands, Jamaica Producers traded 85,955 shares to end with a loss of 5 cents, at $8.25, Jamaica Stock Exchange traded 16,509 shares and fell 35 cents, to end at $5.20, JMMB Group traded 100,472 units at $13.63. Kingston Wharves ended trading 28,984 shares to close at $19, National Commercial Bank added 9 cents and ended at $50.10 with 112,759 shares trading, PANJAM Investment traded 12,100 units at $24.32 after rising 2 cents, Portland JSX traded 13,500 units with the price losing 5 cents to $11. Radio Jamaica gained 5 cents in trading 3,930 units to close at $1.35, Sagicor Group dipped 40 cents with 330,766 shares changing hands at $25.60, Sagicor Real Estate Fund traded 7,026 units with the price ending at $10.25, while Scotia Group jumped $1.27 with 181,762 shares changing hands to close at $33. Supreme Ventures lost 15 cents and ended at $4.80 with 6,000 units changing hands and JMMB Group 7.50% preference share traded rose 5 cents to close with 133,100 units at $1.05.
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Cable & Wireless, Caribbean Cement, Carreras, Daily Trading, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, junior market, Kingston Wharves, National Commercial Bank, Pan Jamaican, Portland JSX, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Supreme Ventures, Trading Activity
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