The Jamaica Stock Exchange closed on Friday with an increase of 2,717.47 points, on the JSE All Jamaican Composite index to end at 133,725.27, to cap the week with a huge 13 percent increase. The sharp move is due to the price of Desnoes and Geddes (D&G) jumping with a gain of 130 percent to add several thousand points, to the main market indices. The All Jamaican Index is now just over 5,000 points away from the old record of 138,917.59, reached on 24th of January 2005.
A total of 16 stocks rose, with 3 declining as 23 securities, totaling 2,743,449 units valued at $51,084,948 changing hands, in all market segments. A total of 4 stocks ended at new 52 weeks’ closing highs. The JSE Market Index shot up by 2,431.62 points to 120,592.56, and the JSE combined index jumped 2,568.39 points to end at 125,132.75.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 15 stocks with bids higher than their last selling prices and 4 with offers that were lower.
In trading, Cable and Wireless closed with a loss of 1 cent as 81,600 shares changed hands to be at 51 cents, the stock ended with the bid at 57 cents to buy 204,500 shares. Caribbean Cement closed at $12 with 28,000 shares changing hands, Carreras traded 316,500 shares to close at $52.05 to gain 25 cents, D&G closed with 273,694 units changing hands to close at $30 with a gain of 33 cents. Gleaner traded 23,000 shares at $1.73 to gain 3 cents, Jamaica Broilers traded 31,243 shares to close at a new 52 weeks’ high of $8 with a gain of 85 cents, Jamaica Stock Exchange had 36,200 shares trading at $8.60, for a rise of 65 cents as the company stands to see increased income, if trading continues to be bullish. JMMB Group traded 35,096 shares closing 50 cents higher at $9. National Commercial Bank closed with a loss of 50 cents with 24,100 shares trading to close at $31.99, Sagicor Group with 11,200 shares closed 50 cents higher at $14.50 for a 52 weeks’ closing high, Scotia Group ended with 114,012 shares trading at $25.20 after gaining 75 cents, Scotia Investments ended at $27.50 with 720,000 shares traded and Seprod traded 30,288 shares at $15 with a 5 cents gain.