Big gains for JSE Main Market

The Main Market of the Jamaica Stock Exchange recovered sharply on Monday’s from a sharp fall on Friday, with lower volume, valued 70 percent less than on Friday.
At the close, JSE All Jamaican Composite Index surged 3,212.19 points to end the day at 556,860.50, the JSE Market Index climbed 3,095.40 points to close at 507,027.95 and the JSE Financial Index gained 0.68 points to close at 137.04.
The market closed, with 44 securities changing hands in the Main and US dollar markets, with 17 advancing, 16 declining and the prices of 11 stocks closed unchanged. JSE Main Market activity ended, with 40 securities accounting for 15,775,842 units amounting to $99,372,463 in contrast to 81,729,915 for $324,228,411, from 39 securities trading on Friday.
Wigton Windfarm dominated trading, with 7.8 million shares and 49.4 percent of the day’s volume. Pulse Investments followed with 2.4 million units for 15 percent of the day’s trade, after trading 60 million shares on Friday and Sagicor Select Funds – Financial completing the top three with 2.2 million shares for 14 percent of market share.
The market closed, with an average of 394,396 units valued at $2,484,312 for each security traded, in contrast to 2,095,639 units valued at $8,313,549 on Tuesday. The average volume and value for the month to date amounts to 585,624 units for $9,023,435 and previously, an average of 596,352 units for $9,410,939 for each security changing hands. The market closed out November, with an average of 653,621 units valued at $8,699,916 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 11 stocks ending, with bids higher than their last selling prices and three closed, with lower offers. The PE ratio of the market ended at 19.3, with the Main Market ending at 18.9 times the current year’s earnings.
In the prime market, Caribbean Cement climbed $2.50 to end at $81 in trading of 85,932 stock units; Eppley traded 500 shares but lost 90 cents to end at $14.10, Eppley Caribbean Property Fund jumped $7.60 to close at $39.60 with an exchange of 25,455 stock units. Grace Kennedy fell 99 cents to close at $69, after exchanging 31,888 shares, Jamaica Producers rose 46 cents to end at $24.96, with 14,597 shares changing hands. JMMB Group fell 44 cents to end at $46.50 with an exchange of 127,208 shares, Kingston Properties rose 70 cents to $6.90 with 200 stock units trading. Mayberry Investments lost 34 cents to end at $9, in trading 3,338 shares Mayberry Jamaican Equities lost $1.05 to end at $12.05, trading 49,733 shares, NCB Financial declined 50 cents to close at $201.50 in the transferring of 10,806 stock units, PanJam Investment gained 50 cents to $100, with 40,041 shares crossing the exchange. Pulse Investments climbed 87 cents to end the day at $4.97, with 2,364,988 shares changing hands, Scotia Group dropped 49 to close at $55.01 with an exchange of 6,888 shares, Seprod lost $1.50 to end at $50 with a transfer of 125,952 shares, Supreme Ventures gained 50 cents to end at $25.50, after exchanging 51,287 shares and Sygnus Credit Investments rose by 86 to end at $26 with 52,067 stock units trading.
Trading in the US dollar market closed with 224,246 units for US$61,055, with the market index declining 1.87 points to close at 223.41. Proven Investments close trading of 15,214 shares to end at 32 US cents after rising 1 cent, Sygnus Credit Investments exchanged 71,520 stock units gaining 1 cent to close at 15 US cents. Sterling Investments traded 17, 812 units and rose half of a cent at 2.5 US cents and JMMB Group 6% preference share traded 10,000 units at US$1.01.