Record high for JSE main market

At the close of the trading on Monday, the main market of the Jamaica Stock Exchange closed at a new record high, with the All Jamaican Composite Index climbing 868.61 points to a record close of 337,258.91 and the JSE Index rising 791.40 points to a record 307,280.95.
Activities in the main and US dollar markets resulted in 31 securities trading including 5 from the US dollar market, compared to 27 securities trading on Friday. At the close, the prices of 9 stocks advanced, 16 declined and 6 closed unchanged.
Trading activity on the Jamaica Stock Exchange rose strongly over Friday’s level, with an exchange of 7,903,876 units valued at $168,386,017 compared to 2,029,215 units valued at $42,587,552 on Friday.
The day’s volume was led by Carreras with 2,439,495 units and accounted for 30.86 percent of the day’s volume, followed by Wisynco Group with 1,873,893 units or 23.71 percent of the day’s volume, Scotia Group with 1,254,140 units accounting for 15.87 percent of the volume traded and JMMB Group with 1,010,243 units.
Stocks with major price changes are, Grace Kennedy climbing $1 to $54. Jamaica Broilers up $1 to end at $24, JMMB Group falling $1 to $28.50, Kingston Wharves jumping $3.45 to $50, Proven Investments fell $1.50 in the Jamaican market to$27 but is still priced well above the US dollar market listing. Salada Foods rose $1 to $11, Scotia Group jumped 88 cents to $51, Sterling Investments fell $1.50 to $10, Supreme Ventures gained $1.50 in closing at $15.60 and Sygnus Credit Investments lost 70 cents in closing at $13.01. 138 Student Living traded with a loss of 30 cents to end at a 52 weeks’ low of $4.10.
In the US dollar market, 202,559 units valued at $28,806 as JMMB Group 6% preference share ended trading at US$1.01 with 4,319 stock units, Productivity Business declined by 0.5 cent and ended at 58 US cents with 2,659 shares traded, Proven Investments lost 1 cent and closed at 17 US cents with 15,350 units changing hands, Sterling Investments ended trading at 9 US cents with 898 shares after falling 1 cent and Sygnus Credit Investments ended trading 179,000 shares after falling 1 cent to 11 US cents. The JSE USD Equities Index lost 2.81 points up to 150.39.
Trading resulted in an average of 303,995 units valued at an average of $6,476,385 for each security traded, in contrast to 92,237 units for an average of $1,935,798 on Friday. The average volume and value for the month to date amounts 163,654 units valued at $2,946,511 compared to 167,222 units valued at $2,763,542, on Friday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.

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