Wigton adds to JSE main market gains

Wigton Windfarm listing on its JSE. Observing the listing is Prime Minister of Jamaica, Hon. Andrew Holness (centre) and Dr. Nigel Clarke (right) as Mr. Russell Hadeed, Chairman of Petroleum (left) inserts Wigton strip on the Exchange’s Board.

Wigton Windfarm listed on the Jamaica Stock Exchange on Wednesday and closed trading at 65 cents after trading 8,351,000 shares.
Scotia Group climbed to $50 and Wisynco Group traded at a new high of $15.95 to push the JSE All Jamaican Composite Index up 2,580.04 points to 454,326.02 and the JSE Index up by 2,344.58 points to 413,851.736 at the close
Within 47 minutes of the opening of trading the JSE All Jamaican Composite Index surged 5,219.13 points to an intraday record of 457,965.13 and the JSE Index jumped 5,651.57 points to a new record of 417,158.72.
The market ended with, 13,075,782 units valued $311,199,908 trading, up from 7,661,551 units valued $296,721,375 units changing hands, on Tuesday.
Wigton Windfarm led trading with 8.35 million shares accounting for 64 percent of total main market volume, followed by Panjam Investment with 2.8 million units and 22 percent of the day’s trades and 138 Student Living with 579,800 units for 4.4 percent of volume traded.
Trading ended with an average of 421,799 units valued at $10,038,707, in contrast to 239,423 shares valued at $9,272,543 on Tuesday. The average volume and value for the month to date amounts to 275,231 units valued $11,357,912 and previously, 265,920 units valued $11,582,843. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
At the close market activity, the main and US markets traded 35 securities, compared to 33 on Wednesday leading to 11 advancing, 13 declining and 11 closing unchanged.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with a weak signal for the coming day with 7 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
In main market activity, Barita Investments gained 50 cents and closed at $44, trading 868 shares, Berger Paints lost 51 cents and ended at $18.49, with an exchange of 1,000 stock units, Caribbean Cement climbed $2.50 to close at $73, trading 25,762 shares. Jamaica Broilers climbed $1.50 to $33 with 41,071 shares trading, Jamaica Producers lost 50 cents to close at $23.50, in trading 4,755 shares, Jamaica Stock Exchange shed 76 cents to end at $19, with 16,931 shares changing hands. Mayberry Jamaican Equities lost 50 cents and ended trading of 61,356 shares at $11, NCB Financial Group lost 75 cents trading 17,000 shares at $147.25. PanJam Investment  dropped $3.50 with 2,838,006 shares changing hands, to close at $94, Sagicor Group  lost 50 cents to end at $48 in trading 16,100 stock units, Scotia Group climbed $1 to $50, with 419,426 shares trading. Seprod shed $1 trading 3,500 shares to close at $45, Supreme Ventures  settled at $31.86, with 161,361 shares. Wisynco Group  rose 45 cents trading 166,505 shares to end at a record closing high of $15.95.
Trading in the US dollar market ended with 4,000 units valued at US$1,000 as JMMB Group  5.75% preference share concluded trading of 1,527 units with a gain of 4 cents to settle at $1.09,  JMMB Group  6% lost 5 cents and ended at $2 with an exchange of 2,374 shares. Proven Investments rose 3 cents to close at a 52 weeks’ high of 27 US cents trading 1,802 units Sygnus Credit Investments  ended trading at 10 US cents with 249,465 shares. The JSE USD Equities Index jumped 6.3 percent with an increase of 11.55 points to close at 194.26.

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