Strong up day for JSE main market – Thursday

Trading on the Main Market of the Jamaica Stock Exchange ended on Thursday with JSE All Jamaican Composite Index jumping 1,482.29 points to 315,682.85 and the JSE Index climbing 1,350.53 points to 287,622.79.
Main and US market activities ended with moderate trading levels leading to prices of 11 securities rising, 9 falling, 7 trading firm as 27 securities traded, including 1 from the US market versus 30 on Wednesday.
Main market activity ended with 7,713,887 shares valued at $88,768,495 changing hands, in contrast to 8,750,362 shares valued at $150,223,412 trading on Wednesday.
The US market closed with Proven Investments exchanging 8,422 ordinary shares, at 22.95 US cents, with a value of US$1,933 and leading to the JSE US Equities Index rising 3.03 points to close at 174.14.
Market activity ended with an average of 296,688 shares valued at $3,414,173, in contrast to 312,513 shares valued at $5,365,122 on Wednesday. The average volume and value for the month to date amounts to 165,819 units valued at 3,005,225 and previously, 175,215 units valued at $3,541,807. January closed with average of 239,900 units valued at $5,158,193 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and just 3 closed with lower offers.
Major price changes at the close of the market are, Jamaica Broilers with a fall of $1 to $18, Jamaica Producers jumping $2.50 to $18, JMMB Group rising $1.10 to $25.01, Sagicor Group falling $1 to $35 and Scotia Group up $1 to $51. Ciboney traded 1.06 million units and Wisynco Group trading 1.2 million units after the company reported a 23 percent rise in second quarter profits to December and JMMB Group 7.5% preference shares added just under 2.8 million units to the day’s volume.
For more details of market activities see – 11 stocks rose 9 fell in JSE trading – Thursday.