Week starts for JSE with new record

It was another day of records on the Main Market of the Jamaica Stock Exchange on Monday. The JSE All Jamaican Composite Index advanced by 2,606.73 points to close at a record 323,606.90 and the JSE Index advanced by 2,375.03 points for a fresh record close of 294,842.48.
The movement in the market was helped by a $3 jump in NCB Financial to a closing record high of $108, $1.99 in the price of PanJam Investment and $2 in Scotia Group. JMMB Group traded at a new high of $29.99 during trading and ended at a new closing high of $28.10.
A total of 20 securities ended up changing hands in the main market, 10 advanced, 4 declined and 6 traded firm with 1,993,979 units valued at $25,589,860 compared to 2,104,737 units valued at $70,790,407 on Friday.
In the US dollar market trading accounted for the JSE US dollar Equities Index closed at unchanged at 183.13 with just 1 security trading and rising with 8,700 units with a value of US$9,700.
Trading ended with an average of 99,699 units for an average of $1,279,493 in contrast to 84,189 units for an average of $2,831,616 on Friday. The average volume and value for the month to date amounts to 1,228,254 units valued at $17,171,780 and 1,279,786 units with an average value of $17,897,455 previously. In contrast, September closed with average of $283,480 units at $3,630,990 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks with bids higher than their last selling prices and 4 with a lower offer.