Stocks stretched gains for another day at the close of trading on Tuesday, making it the eleventh day of unbroken gains as the Jamaica Stock Exchange Main Market ended with an exchange of very low volume of stocks trading that still ended 31 percent more, with the value up 14 percent compared to Monday’s trades.
The All Jamaican Composite Index rose 267.24 points to 443,431.43, the Main Index gained 235.50 points to 403,882.90, but the JSE Financial Index slipped 0.19 points to settle at 100.37.
Trading ended with 50 securities, down from 52 on Monday and closed with prices of 19 stocks rising, 18 declining and 13 remaining unchanged. One stock traded at an intraday 52 weeks’ high and one ended at a closing 52 weeks’ high. The PE Ratio averages 16.1 based on ICInsider.com forecast of 2021-22 earnings.
Investors traded 10,464,481 shares for just $56,687,872 up from a paltry 7,978,781 units at $49,570,730 on Monday. Transjamaican Highway led trading with 25.2 percent of total volume for an exchange of 2.63 million shares, followed by Wigton Windfarm with 18.6 percent for 1.95 million units, QWI Investments 11.3 percent, with 1.19 million units and Sagicor Select Financial Fund 10.1 percent with 1.06 million units.
Trading averaged 209,290 units at $1,133,757, up from 153,438 shares at $953,283 on Monday. Month to date trading averages 229,131 units at $1,490,898, in contrast to 230,425 units at $1,514,180 on Monday. March averaged 354,304 units at $2,543,232.
Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments advanced 21 cents to $86.50 with an exchange of 4,593 shares, Berger Paints rose 80 cents to $13.50 after 5,678 stock units crossed the exchange, Caribbean Cement declined $1.70 to $74.25 with investors switching ownership of 7,814 units. Carreras gained 34 cents to close at $9.40 in the trading of 774,927 shares, Grace Kennedy fell $1 to close at $87 in the transfer of 76,808 shares, Jamaica Broilers rose $2.95 to a 52 weeks’ high of $32.15 in an exchange of 97,910 stocks, Jamaica Producers shed 80 cents to close at $27.70 with the swapping of 16,771 stock units. JMMB Group lost 50 cents to end at $32 after an exchange of 121,570 shares, Key Insurance rose 35 cents to $5.95 with 195,569 stocks changing hands, Kingston Properties picked up 20 cents in closing at $7.45 in trading 100 units. Margaritaville fell $1.01 to $28.99 with the swapping of 4,703 shares, Palace Amusement climbed $9 to $949 in switching ownership of 185 stocks, PanJam Investment declined $2.38 to $63.62 in the trading of 9,952 stock units,
Salada Foods shed 43 cents to end at $6.50 with 649,659 shares changing hands after trading at a 52 weeks’ intraday high of $7.43. Scotia Group gained 50 cents to finish at $43 with 6,799 stocks crossing the market and Seprod closed 50 cents higher at $82.50 with the swapping of 63,099 stock units.
In the preference segment, Eppley 8.75% preference share dropped $1.01 to $6.51, with 25 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
