Scotia Group shares jumped sharply to end at a record $57.99 on Wednesday.
Fresh from the announcement that Scotia Group is changing their chief executive officer, the stock continued on its merry way and jumped sharply at the start of trading on Wednesday to a new high, before ending trading at another record close.
Scotia ended the day trading 153,874 shares with the price climbing $2.99 to a record close of $57.99.
A the close of trading the All Jamaica Composite Index declined 790.64 points to close at 290,539.74, the JSE Market Index fell 720.36 points to 264,714.57 and the JSE US dollar market index declined 4.57 points to 182.61. At the close of trading, 25 securities changed hands in the main market with 3 trading in the US dollar market, leading to 12 stocks advancing and 5 declining. The main market ended with 3,180,409 units valued at $81,180,237 changing hands compared to 3,062,518 units valued at $54,223,292 at the close on Tuesday. The US dollar market accounted for 1,054,890 units valued at US$243,418 bringing the total of all trades to J$112,337,685.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 4 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 127,216 units valued at $3,247,209 for each security traded compared to an average of 122,501 units valued at $2,168,932. The average volume and value for the month to date ended at $173,624 units with an average value of $3,492,967 compared with an average of 189,094 units with an average value of $3,574,886 on the previous trading day. The average volume and value for August ended at 184,094 units with an average value of $4,336,090.