Big gains for JSE Main Market indices

The Jamaica Stock Exchange Main Market regained some of the grounds lost on Monday with the market index rising after an exchange of 33 percent more shares than on Monday, despite more stocks falling than rising and values down marginally.
At the close, the All Jamaican Composite Index climbed 1,991.05 points to 429,520.28, the Main Index advanced by 1,803.16 points to 391,895.69 and the JSE Financial Index gained 0.90 points to settle at 102.67.
Trading ended with 46 securities changing hands similar to that on Monday and closed with the prices of 16 stocks rising, 21 declining and nine remaining unchanged. The average PE Ratio ended at 16.2 based on ICInsider.com’s forecast of 2020-21 earnings.
Investors traded 28,767,472 shares for $57,416,333 compared to 21,659,826 units at $60,805,085 on Monday. QWI Investments led trading with 70.7 percent of total volume, after exchanging 20.33 million shares followed by Sagicor Select Financial Fund with 8.7 percent for 2.51 million units. Transjamaican Highway with 6.7 percent market share for 1.93 million units changing hands and JMMB Group 7.5% with 4 percent for 1.07 million units.
Trading for the day averaged 625,380 units at $1,248,181 for each security, compared to an average of 470,866 shares at $1,321,850 on Monday. The average month to date trade is 380,065 units at $5,624,586 , in contrast to 327,822 units at $6,556,598. November averaged 623,120 units at $6,686,047.
Investor’s Choice bid-offer indicator reading has seven stocks ending with bids higher than their last selling prices and five with lower offers.
At the close of the market, Barita Investments shed $1.10 to end at $86.90, with investors switching ownership of 17,820 shares, Berger Paints advanced $1 to $14 after exchanging 374 units, Caribbean Cement declined by $3.01 to $53.99, in trading 18,651 stock units. Eppley rose $1 to close at $21, with 1,530 units passing through the market, Eppley Caribbean Property Fund fell by $3.50 to $40.50, in exchanging 2,385 shares, First Rock Capital rose $1 to end at $12, after exchanging 30,794 stock units. Grace Kennedy gained 99 cents to settle at $63.99, in clearing the market with 47,206 stocks, Jamaica Broilers closed 50 cents higher at $28.50, with an exchange of 190,927 units, Jamaica Producers rose $1.24 in closing at $21.74, after trading 43,847 shares. Jamaica Stock Exchange lost 50 cents to finish at $19.50 after 4,456 stock units passed through the market, JMMB Group dropped $2 to close at $33.01, in exchanging 46,056 shares, Kingston Wharves fell $1.45 to $46.55, with 4,744 units changing hands. Palace Amusement declined by $105 to $1,300 after trading 12 units, Pan Jam Investment advanced $6 to $68, with 19,919 stock units crossing the exchange, Portland JSX fell by $2 to $7, in exchanging 6,606 shares. Sagicor Group rose $2.98 to $49.50 after owners switched 8,268 units, Sagicor Real Estate Fund shed $1.48 to settle at $6.01 trading 22,100 stock units, Salada Foods ended at $27.01, with a loss of $1.97 exchanging 200 shares. Scotia Group declined $4.37 to $43.12, in clearing the market with 19,042 stock units, Supreme Ventures gained 40 cents to settle at $18, with 55,133 shares crossing the market and Sygnus Credit Investments closed 57 cents higher at $16.57, in exchanging 28,814 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.