Trading continues to show improving levels on Thursday on the main market of the Jamaica Stock Exchange, with the value of trading rising for the third day in a row. The market closed with 27 securities changing hands including 1 trading in the US dollar market. At the close, 9 st0cks advanced and 10 declined.
Trading levels in the main market ended at 1,392,798 units valued at $37,103,714 compared to 1,213,938 units valued at $26,942,858 at the close on Wednesday. Trading in the US dollar market accounted for 1,450,000 units valued at US$411,800.
The All Jamaica Composite Index advanced 31.85 points to close at 258,383.77 the JSE Market Index gained 29.02 points to finish at 235,416.87 and the JSE US dollar market index fell 0.64 points to close at 217.28.
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 8 stocks with bids higher than their last selling prices and 3 with lower offers.
The main market ended trading with an average of 53,569 units valued at $1,427,066 per security traded, compared to an average of 46,690 units valued at $1,036,264 on Tuesday. The average volume and value for the month to date ended at 406,174 units with an average value of $5,644,518 compared with an average of 426,916 units and $5,892,603 on the previous trading day. The average volume and value for April ended at 382,748 units with an average value of $5,254,387.
In market activity, Barita Investments gained 10 cents to close at $7.20 exchanging 100 shares, Berger Paints traded 37,357 shares at $19, Cable and Wireless closed at $1.30, with a loss of 5 cents trading 47,024 shares. Carreras closed at $81, after losing $2 with 17,589 shares changing hands, Grace Kennedy closed at $40, with a loss of $3 trading 488,958 units, Jamaica Broilers traded $1.50 lower to close at $18, after exchanging 8,741 shares, Jamaica Producers lost 15 cents to close at $15.85, with trades of 51,274 shares and Jamaica Stock Exchange gained 19 cents, closing at $7.69 with an exchange of 15,592 shares. JMMB Group closed at $20, gaining 1 cent with 41,891 units changing hands, after the recent 2 for 1 stock split Kingston Properties traded $2 higher to close at an all-time high of $12 in exchanging 10,253 shares, Kingston Wharves gained $1.60 to close at $31, with trades of 22,374 units, Mayberry Investments traded 100 shares at $5.30, NCB Financial Group closed at $70.61, losing 89 cents after exchanging 43,749 shares, 1834 Investments closed at $1.46, with 75,850 shares changing owners, 138 Student Living exchanged 4,372 shares at $4.49, PanJam Investment closed at $35, with a loss of 50 cents trading 22,040 shares. Pulse Investments traded 5,000 shares at $14.50, Radio Jamaica closed at $1.72, with trades of 2,450 shares, Sagicor Group closed at $33, gaining 50 cents exchanging 207,022 shares, Sagicor Real Estate fund closed at $10.68, with gains of 3 cents trading 7,400 units, Scotia Group traded 10 cents lower to close at $42, with an exchange of 5,300 units, Seprod closed at $30 exchanging 6,846 shares, Sterling Investments traded $1.40 lower to close at $15.50, with trades of 10,210 shares, Supreme Ventures gained cents to close at $7.50 trading 10,106 shares. Proven Investments closed at 28.4 US cents, losing 0.1 US cent in exchanging 1,450,000 ordinary shares, JMMB 7.50% preference gained 1 cent to close at $2.06, with 231,200 changing hands and JMMB Group 7.50% preference closed at $1.10 with trades of 20,000 units.