Trading jumps on JSE main market

Wigton closed at anew high of $1

Wigton closed at anew high of $1 on Friday.

The main market of the Jamaica Stock Exchange pulled back at the close on Friday as several one-off trades pushed the volume and value traded sharply higher than on Thursday.
Shares totaling 187,828,591 units valued $1,490,463,769 traded in the main market compared to 104,310,618 units valued $281,870,824 changing hands on Thursday.
Wigton Windfarm was the leading trade with 107.65 million units accounting for 57 percent of total volume. Sagicor Select Fund followed with 31 million shares accounting for 17 percent of the day’s trade and Carreras with 22 million shares for 12 percent of the volume with Wisynco Group trading 8.2 million units for 4 percent of total volume and Carribean Cement traded 7.3 million units for 4 percent to main market’s volume.
At the close of trading, the JSE All Jamaican Composite Index dropped 3,248.84 points to 575,196.79, the JSE Index dived 2,952.36 points to close at 523,691.53 and the JSE Financial Index rose 0.38 points to end at 143.79.
Trading ended with 38 securities trading in the main and US dollar markets, leading to 17 securities advancing, 14 declining and 7 closing with prices unchanged, compared to 37 securities trading on Friday.
At the close of trading, Wigton Windfarm ended trading at a 52 weeks’ closing high of $1 and Stanley Motta at $6.15.
The market closed with an average of 5,366,531 units valued at $42,584,679 for each security traded, in contrast to of 3,160,928 units valued at $8,541,540 on Thursday. The average volume and value for the month to date amounts to 2,179,264 units valued at $14,242,866 and previously, 1,865,027 units valued at $11,133,262. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9  stocks ending with bids higher than their last selling prices and 1 with a lower offer.
In the main market activity, Barita Investments lost $1 to end at $88 with 54,976 stock units changing hands, Caribbean Cement gained 50 cents trading 7,299,853 units to end at $77.50, Grace Kennedy lost $1 trading 133,845 shares and ended at $69, Jamaica Broilers rose $1 to close at $35, with 2,564,812 stock units changing hands. Jamaica Producers ended trading with 2,571,345 shares, but fell $1.71 to end at $26.65, JMMB Group gained 30 cents to end at $50 with 567,353 stock units trading, Kingston Wharves ended trading with 65,508 shares, after rising $2 to end at $69. NCB Financial lost $2 trading 92,431 shares to close at $208, Palace Amusement exchanged 129 shares but fell $400 to close at $2,100, PanJam Investment rose 99 cents to close at $105.99 with 192,765 stock units changing hands, Portland JSX ended trading with 5,800 shares and rose 35 cents to end at $7.55. Proven Investments rose $1 in trading 7,230 at $41, Sagicor Group jumped $2.20 in trading 392,582 shares to close at $76, Scotia Group climbed $1.99 to $56 with 25,966 shares changing hands, Seprod lost 39 cents in trading  1,562,565 shares at $51.60, Stanley Motta gained 65 cents in closing at an all-time high of $6.15 while swapping 242,427 stock units. Supreme Ventures rose $1 to close at $28 with an exchange of 250,878 shares, Sygnus Credit Investments fell $1 in trading 130,773 units to close at $23 and Wisynco Group climbed 50 cents to settle at $25.50 with 8,210,330 shares changing hands.
Trading in the US securities market resulted in 660,824 units valued US$86,326 changing hands. JMMB Group 6% preference shares rose one cent in exchanging 3,474 units to close US$1, Proven Investments inched just 0.49 cent higher to close at 26.99 US cents with an exchange of 1,000 shares and Sygnus Credit Investments traded 656,350 shares and rose 1 cent to close at 13 US cents. The JSE USD Equities Index advanced 1.64 points to close at 196.46.

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