Trading rises for JSE main market – Thursday

NCB traded at a 52 weeks’ high of $113 on Thursday.

Trading on the Jamaica Stock Exchange picked up over Wednesday’s levels but the market indices slipped even as NCB Financial closed at a record high of $113.
The market closed with the All Jamaican Composite Index losing just 16.65 points to end at 354,666.91 and the JSE Index slipping 15.17 points to 323,141.63.
Market activities resulted in 30 securities trading including 1 in the US dollar market compared to 32 securities trading on Wednesday. At the end of trading, the prices of 13 stocks rose, 8 declined and 9 closed trading, unchanged.
Stanley Motta closed with 47,600 units changing hands, unchanged at $4.60 but only after trading at an all-time low of $4.49, while Kingston Wharves jumped to a new record closing high of $63  along with NCB Financial. Trading in the main market ended with 11,133,718 units valued at $276,180,979 compared to 2,745,464 units valued at $42,524,217 on Wednesday. The day’s volume was led by, Jamaica Broilers with 8,782,170 shares accounting for 78.9 percent of the volume traded, followed by Jamaica Stock Exchange with 482,970 units and 6.8 percent of the day’s volume. Sagicor Real Estate X Fund with 326,997 units and 2.94 percent of the main market volume
Trading resulted in an average of 383,921 units valued at an average of $9,523,482 for each security traded. In contrast to 91,515 units for an average of $1,417,474 on Thursday. For the month to date an average of 222,224 units valued at $4,137,703 versus 213,393 shares valued at an average of $3,829,031 on Wednesday. July closed with an average of 169,022 units valued at $3,514,756, for each security traded.
In the main market activity, Berger Paints jumped $1.50 to end at $21, trading 107,491 stock units, Caribbean Cement lost 50 cents and finished 4,281 shares at $46.50, Grace Kennedy gained 50 cents and ended trading 50,012 shares at $59, Jamaica Broilers jumped $2 to $27.00, trading 8,782,170 stock units, Jamaica Stock Exchange rose 43 cents and closed at $8.08, with 482,970 shares traded, JMMB Group ended with a gain of 50 cents at $29 with 183,104 shares being exchanged.
Kingston Wharves climbed $1.99 to finished at a 52 weeks’ high of $63, as 5,048 stock units were traded, Mayberry Investments lost 70 cents to close at $7.20, with 2,958 units, NCB Financial Groupjumped 45 and ended trading of 96,695 shares at record high of $113. Pulse Investments shed 40 cents and concluded trading at $2.40, with 49,000 shares trading, Sagicor Group gained 25 cents in n exchanging 13,262 shares, to close at $38.05, Scotia Group traded 294,787 units and lost 50 cents to end at $52.50, Seprod dropped $3 and finished trading 15,939 shares to end at $43.
Trading in the US dollar market closed with 10,000 units valued $2,300. Trading ended with Proven Investments exchanging 10,000 shares to close at 23 US cents The JSE USD Equities Index unchanged at 173.74.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 5 closing with lower offers.

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