Trading rises on JSE main market – Tuesday

Wisynco ended at an alltime closing high of $18.05.

The Jamaica Stock Exchange main market closed lower on Tuesday as the JSE All Jamaican Composite Index dropped 2,126.46 points to 478,800.72 and the JSE Index declined 1,932.39 points to close at 436,093.12.
At the close market activity, on the main and US markets, the prices of 11 securities advanced, 14 declined and 12 traded firm, as a total of 39 securities traded, compared to 37 on Monday. Market activity ended with 89,828,749 units valued $521,107,116, in contrast to 27,845,140 units valued $326,983,633 on Monday.
Kingston Properties led trading with 64.3 million units or 71.6 percent of total main market volume, Wigton Windfarm closed with 22.35 million shares changing hands equating to 25 percent of total trades, followed by JMMB Group with 571,889 stock units and less than one percent of the day’s trades.
The market closed with average of 2,566,536 units valued 14,888,775, in contrast to 795,575 units valued $9,342,390 on Monday. The average volume and value for the month to date amounts to 1,241,019 shares, with a value of $11,046,323, compared to 1,043,601 shares, with a value of $10,377,239 previously. May closed with an average of 2,248,261 units at an average of $12,751,529 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and one closing with a lower offer.
At the close of the market, Caribbean Cement jumped $1.79 to close at $79.99, with an exchange of 3,824 shares, Eppley climbed $1.40 and ended trading of 1,075 shares at $13.40, Grace Kennedy fell 29 cents trading 26,200 stock units to end at $61.21, Jamaica Broilers finished trading of 76,662 units with a rise of $1.01 to end at $32.90. JMMB Group rose 99 cents in trading 571,889 shares at $39.99, Kingston Properties lost 50 cents to close at $6.50, trading 64,331,400 stock units, NCB Financial Group jumped $3.75 trading 181,973 shares to end at $174. Pulse Investments rose 37 cents to close at $2.92, trading 76,602 shares, Sagicor Group traded 68,032 units with a fall of 41 cents to close at $48, Salada Foods dropped $3.70, trading just 705 stock units at $31.50. Scotia Group jumped $1.50 to close at $52.50, with an exchange of 66,800 shares, Seprod lost $2.04 to end at $47.80, in trading 108,270 shares, Sterling Investments rose 34 cents to $3.74, with 8,673 units changing hands and Wisynco Group traded  303,642 shares and rose $1.55 to end at a record close of $18.05.
Trading in the US securities market resulted in 205,833 units valued $61,194 changing hands. Market activity ended with Eppley 5% preference share traded 1,500 units at 98 US cents, Proven Investments traded 195,160 units and lost 1 cent in closing at 25 US cents and Sygnus Credit Investments traded 648 units to end at 10 US cents. The JSE USD Equities Index rose 0.44 points to close at 190.51.

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