All round gains for JSE Main market

The major market indices rose in trading on Monday after investors expended 32 percent fewer funds in trading 11 percent less volume than on Friday at the close of the Jamaica Stock Exchange Main Market after slightly more shares fell than gained.
At the close, the All Jamaican Composite Index advanced 1,389.55 points to 428,311.48, the Main Index rose 1,200.38 points to 390,612.24 and the JSE Financial Index gained just 0.13 points to 100.59.
Trading ended with 48 securities changing hands compared to 44 on Friday and closed with prices of 18 stocks rising, 22 declining and eight remaining unchanged. The PE Ratio averaged 16.6 based on forecast of 2020-21 earnings.
The market closed with an exchange of 5,906,893 shares for $25,643,760, down from 6,649,726 units at $37,545,320 on Friday. Wigton Windfarm led trading with 48 percent of total volume for 2.83 million shares followed by Pulse Investments, 11.1 percent with 655,714 units and Transjamaican Highway 10.3 percent with 608,465 shares.
Trading for the day averaged 123,060 units at $534,245, compared to an average of 151,130 shares at $853,303 on Friday. Trading month to date averaged 307,009 units at $1,049,528 for each security, in contrast to 326,985 units at $1,105,486 on Friday. Trading in December averaged 455,206 units at $7,774,631.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of trading, Berger Paints rose 50 cents to $14, after exchanging 51 shares, Eppley gained 55 cents to end at $22.60 trading 3,851 units. Grace Kennedy closed 45 cents higher at $65, finishing with a transfer of 10,801 shares, Jamaica Broilers shed 89 cents to end at $27.50, with an exchange of 18,995 units, Jamaica Producers advanced by $1.40 to $21, in trading 23,808 stock units. JMMB Group ended 96 cents lower at $32.53, with 51,400 stocks crossing the exchange, Kingston Wharves climbed $1.24 to $48, in switching ownership of 4,055 shares, Mayberry Jamaican Equities shed 64 cents to $7.05 trading 16,542 stocks. MPC Caribbean Clean Energy dropped $12.99 to $137.01, in an exchange of 387 stock units, NCB Financial fell by $1 to $138, with the swapping of 39,251 shares, 138 Student Living lost 45 cents to end at $4.44, with 90 stocks changing hands, Palace Amusement declined by $10.10 to $1,089.90, in exchanging 123 stock units. Pan Jam Investment closed at $68, after losing $2.17 and trading 4,017 shares, Sagicor Real Estate Fund rose 70 cents to $8.95, in a transfer of 250 stocks, Salada Foods advanced to $35, with gains of $1.80 in switching ownership of 44,051 stock units. Scotia Group fell $1.90 to $42.10, exchanging 8,179 shares and Seprod gained 30 cents, ending at $63.80 after 10,198 stocks crossed the exchange.
In the preference segment, Eppley 8.75% preference share lost 50 cents in ending at $6.50 and trading 2,000 stock units and Eppley 7.5% preference share shed $1 to close at $6, after exchanging 1,717 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC