Jamaica Stock Exchange jumped to a 52 weeks’ high of $12 on Wednesday.
The market closed Wednesday, as 49 securities changed hands in the overall market, ending with 26 stocks rising and 11 falling, including 16 stocks gaining and 3 declining, in the junior market while 14 securities ended at new 52 weeks’ closing highs.
The All Jamaica Composite Index gained 714.88 points to close at record 249,482.23, the JSE Market Index rose 639.22 points to finish at record close of 227,455.97 and the JSE combined index increased by 601.83 points, to close at new closing high of 242,075.11. The movement of the main market, for the year to date, resulted to gains of 18.5 percent, for the all Jamaica Composite Index, with the JSE Market Index up 18.7 percent. The moves in the indices are subject to change as the stock exchange daily postings indicate that there are errors in the reports since the new trading system was activated on Monday.
At the close, 20,631,314 units valued at $265,917,085 changed hands, compared to 10,455,555 units valued at $80,043,145 changing hands on Tuesday. Of the stocks traded, the junior market accounted for 11,553,647 units, valued at $90,755,608.
The average trade for the day in the main market ended at 355,210 shares compared to an average of 265,989 units on Tuesday. For the month to date, an average of 176,182 shares compared to an average of 188,966 units up to the prior trading day. January ended with an average of 592,602 units.IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 12 stocks with bids higher than their last selling prices and 3 with lower offers.
In market activity, Barita Investments gained 20 cents to close at a 52 weeks’ high of $7.70 with trades of 5,000 units, Berger Paints slid $1.25 trading 12,851 shares to close at $10.25, Cable and Wireless traded 387,604 units, losing 2 cents to close at $1.17, Caribbean Cement closed at $32 with an exchange of 49,185 shares. Carreras traded 8,310 units, gaining 45 cents and closed at $66.75, investors pushed 1834 Investments 20 cents higher to close at $1.70 while trading 299,625 shares, Grace Kennedy closed at $40.65 with trades of 71,840 units. Jamaica Broilers advanced 50 cents trading 57,050 shares, to close at 52 weeks’ high of $16, Jamaica Producers gained $1, closing at a 52 weeks’ high of $19.50 with 83,700 units changing hands, Jamaica Stock Exchange jumped to a 52 weeks’ high of $12 for a gain of $4 with 700 shares traded. JMMB Group climbed $2.20 to close at a 52 weeks’ high of $20 with 2,713,535 units traded, Kingston Wharves fell to $30, losing $4 with trades of 6,829 units, Mayberry Investments exchanged 167,236 shares at $5.90, National Commercial Bank advanced $2.80, closing at $65, after swapping 11,046 shares.
Jamaica Broilers closed at a 52 weeks’ high on Wednesday
At the close of trading, AMG Packaging rose $1 to close at $25 with 8,774 units changing hands after trading at a high for the day of $27.60, Blue Power closed with 894,181 shares changing hands at $50, CAC 2000 traded 869,262 shares and fell 10 cents to $6. Cargo Handlers climbed by $1 while trading 11,577 units, to close at 52 weeks’ high of $24, Caribbean Cream rose 35 cents in trading 3,150 units to end at $7.60, Caribbean Producers fell 10 cents in trading 18,050 units at $4.35, Consolidated Bakeries traded 65,346 shares with a rise of 20 cents, for a 52 weeks’ closing high $3.80. General Accident closed trading with 16,050 shares at while gaining 36 cents to end at a new high of $3.80 Honey Bun closed with 13,480 shares changing hands to end at $7.66, Jamaican Teas traded 13,751 shares to close at $9.50 after rising by 85 cents. Jetcon Corporation closed trading with 212,260 shares, to end at $10.50. Key Insurance traded 3,872 units to close at 52 weeks’ closing high of $3.70, after rising by 20 cents, KLE Group ended with 10,000 units changing hands at $3, 
Stocks jump to new records in trading on Tuesday with the All Jamaica Composite Index blasting pass resistance around the 243,000 level in decisive fashion. The market should have a comfortable rise to 265,000 points mark, the next area of resistance. 
Kingston Properties exchanged 1,500 shares at $10, Kingston Wharves closed at $34, gaining $1 with trades of 4,050 units, Mayberry Investments exchanged 20,400 shares with gains of 5 cents to close at $5.90, National Commercial Bank declined $2.70 in closing at $62.20, after swapping 22,435 shares. 138 Student Living traded 10,765 units at $4.50, Pan Jamaican gained $3 to close at $34 with 12,850 shares traded, Portland JSX closed at $10 after trading 500 units, Pulse Investments closed at $7.09 with 10,000 units changing hands. Radio Jamaica gained 20 cents, closing at $1.50 with 154,800 shares changing hands, Sagicor Group traded 20,442 units at $31, Sagicor Real Estate fund gained 3 cents and closed at $10.23 with an exchange of 907 units, Salada rose $1.25 in trading 20,000 shares at $9.25. Scotia Group ended trading with gains of $1.01 to close at $46, having traded 88,515 shares, Scotia Investments gained 43 cents, after trading 7,135 units and closed at a 52 weeks’ high of $35.50, Sterling added 5 cents to close at $15.65 with trades of 500 units. Supreme Ventures closed at $5.70, for a gain of 15 cents with 66,814 shares traded, JMMB 7.25 closed at $1.50, with 430 units exchanged and JMMB Group 7.5% preference share traded 2,650 units at $1.10.
The average trade for the day in the main market ended at 104,123 shares compared to an average of 198,939 units on Friday. For the month to date, an average of 177,355 shares traded, versus an average of units 250,588 units up to the prior trading day. January ended with an average of 592,602 units.
The average volume and value for the month to date ended at 83,886 units and $488,049 compared to 92,477 units and $532,178 to the previous day. The average volume and value for January, ended at 165,547 units and $884,749.
KLE Group ended with 189,950 units changing hands at $3, Lasco Distributors ended trading with 257,389 units changing hands and gained 66 cents to close at $7.96. Lasco Financial shed 36 cents with 1,229 shares changing hands to end at $3.50, Lasco Manufacturing with 47,216 units changing hands, closed with a rise of 4 cents at $5.24, Medical Disposables added 10 cents and closed at $6.10 with 66,063 shares changing hands. Paramount Trading closed at $3.05 with 50,000 shares changing hands, tTech closed trading with 64,339 units changing hands to end at 52 weeks’ high of $7.45 after rising 55 cents.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks with bids higher than their last selling prices and 4 with lower offers.
Pulse Investments gained 78 cents to close at a 52 weeks’ high of $7.10, trading 17,000 units. Radio Jamaica closed at $1.36, gaining 16 cents trading 105,008 shares, Sagicor Group lost 50 cents to close at $32.50 with 32,656 shares changing hands, Sagicor Real Estate fund closed at $10.20 for a loss of 30 cents with trades of 3,002,738 units, Scotia Group ended trading with a loss of $1 to close at $40, having traded 777,834 shares. Scotia Investments lost 50 cents, after trading 12,000 units and closed at $35, Supreme Ventures gained 20 cents with 23,824 shares traded and closed at $5.70, Proven Investments traded 194,000 ordinary shares, adding 3 cents to close at a 52 weeks high of 29 US cents and JMMB Group 7.5% preference share traded 177,438 units at $1.10.
The junior market shot through the 2,900 points level with strong gains 67.79 points in trading on Friday, to end at a new closing high of 2,959.31, after 24 securities traded, with the prices of 19 rising and only 2 declining.
Blue Power jumped $3 to close with 1,200 shares changing hands at a 52 weeks’ high of $50, CAC 2000 traded 16,000 units at $6.10. Cargo Handlers traded 31,840 units to close at $22, Caribbean Cream exchanged 63,000 shares and gained 55 cents, to close at $7.80, Caribbean Producers rose 5 cents in trading 7,197 units at $4.50. Consolidated Bakeries shed 20 cents in trading 30,000 shares to close at 52 weeks’ high of $3.60. C2W Music rose 5 cents and ended at 45 cents with 25,000 shares changing hands, Derrimon Trading ended at a 52 weeks’ high of $7 with 40,400 shares changing hands, after rising by 55 cents, Dolphin Cove ended with a gain of 24 cents at $14.74 with 3,890 shares changing hands. General Accident gained 10 cents and closed trading with 71,641 shares at a 52 weeks’ high of $3.50. Honey Bun shed 24 cents and closed with 56,056 shares changing hands at $7.25, Jamaican Teas traded 37,450 shares to close at $8.60 after rising by 10 cents, Jetcon Corporation closed trading with 475,275 shares, to end with a gain of 8 cents at $10.50. Key Insurance traded 10,000 units to close at $3.50, after rising by 15 cents, KLE Group gained 5 cents and ended with 6,305 units changing hands at a 52 weeks’ high of $3, Lasco Distributors ended trading with 86,100 units changing hands and gained 10 cents to close at $7.30. 
Lasco Financial gained 11 cents with 287,245 shares changing hands to end at $3.86, Lasco Manufacturing with 44,900 units changing hands, closed with a rise of 8 cents at $5.20, Medical Disposables added 10 cents and closed at $6.10 with 66,063 shares changing hands. Paramount Trading closed at $3.05 after slipping 5 cents, with 136,500 shares changing hands, tTech closed trading with 7,599 units changing hands to end at $6.90 after rising 5 cents, Derrimon preference share, traded 49,750 units and fell 7 cents to end at $2.05 and Eppley 10% preference share, traded 14,815 units to close at $6.85 after rising 10 cents.
but the stock is offered at $42 and in the junior market, Blue Power Group with 1,200 shares at a new high of $50, Derrimon Trading with 40,400 trading at a new high of $7, with no stock on offer and Lasco Financial Services trading 287,245 shares at $3.86.
Investor’s Choice bid-offer indicator reading shows 16 stocks with bids higher than their last selling prices and 3 with lower offers.
138 Student Living closed trading with an exchange of 15,000 units at $4.50, Pan Jamaican lost $1.45 and closed at $29.05 with 33,000 shares traded, Pulse Investments gained 32 cents to close at a 52 weeks’ high of $6.32 in trading 12,850 units. Radio Jamaica lost 10 cents to close at $1.20 with 242,445 shares traded, Sagicor Group advanced $2.90 to a 52 weeks’ high of $33 with 33,429 shares changing hands, Sagicor Real Estate Fund gained 28 cents in closing at $10.50 while trading 41,740 units. Scotia Group ended trading with gains of $2.39, to close at a 52 weeks’ closing high of $41, with trades of 16,967 shares, Scotia Investments climbed $3.50 after trading 47,325 units and closed at a 52 weeks’ high of $35.50, Supreme Ventures gained 20 cents with 75,000 shares traded, to close at $5.50. Proven Investments traded 160,000 ordinary shares, adding 2 cents to close at a 52 weeks high of 26.01 US cents and JMMB Group 7.5% preference share traded 88,000 units at $1.10.
At the close of trading, 
Lasco Distributors ended trading with 2,720 units changing hands and lost 10 cents to close at $7.20. Lasco Financial had 18,071 shares changing hands and shed 25 cents to end at $3.75, Lasco Manufacturing with 49,999 units changing hands, closed with a loss of 8 cents at $5.12, Medical Disposables shed 10 cents and closed at $6 with 33,545 shares changing hands. Paramount Trading closed at $3.10 after rising 10 cents, with 22,382 shares changing hands, tTech closed trading with 27,800 units changing hands to end at $6.85 after easing 5 cents, Derrimon preference share, traded 49,750 units and fell 7 cents to end at $2.05 and Eppley 9.5% preference share, traded 840,000 units to close at $6.04 after rising 1 cent.