The bounce in JSE main market continues and is poised to move higher.
The All Jamaican Composite Index soared 6,520.42 points to close at 553,783.03, the JSE Index advanced 5,843.29 points to 504,211.92 and the JSE Financial Index gained 1.40 points to close at 136.70.
The market closed with 38 securities changing hands in the main and US dollar markets with 12 advancing, 15 declining and 11 trading firm. Main market activity ended with 35 securities trading, accounting for 14,472,152 units valued at $103,787,768 in contrast to 33,964,316 units valued at $265,890,078 on Monday from 37 securities.
Sagicor Select Funds dominated trading with 6.9 million shares for 48 percent of total volume, followed by Wigton Windfarm with 4.1 million units accounting for 28 percent of the day’s trade and QWI Investments with 1.8 million shares for 12 percent of stocks traded.
The market closed with an average of 413,490 units at $2,965,365 for each security traded, in contrast to 917,954 units at an average of $7,186,218 on Monday. The average volume and value for the month to date amounts to 403,342 units valued at $3,699,001 and previously, 402,092 units at $3,802,123 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 12 stocks ending with bids higher than their last selling prices and 3 with lower offers. The PE ratio of the market ended at 16.7 with the main market at 17.4 times 2019 current year’s earnings.
In main market activity, Barita Investments gained 80 cents to close at $71 with 10,393 shares changing hands, BergerPaints ended at $18.50, after adding 50 cents trading 7,000 stock units, Eppley Caribbean Property Fund dropped $1.99 to settle at $35, with 6,000 units crossing the exchange. Grace Kennedy closed 31 cents lower to $67, in swapping 17,324 shares, Jamaica Broilers lost 98 cents to close at $35.02, after exchanging 41,351 stock units, Jamaica Producers climbed $2.50 to end at $24 trading 78,607 shares after the company posted results with a doubling in the third-quarter profit. Kingston Wharves advanced to $60, after climbing $3 with 150 units traded, on positive third-quarter results, Mayberry Equities added 30 cents to close at $11.30 after exchanging 7,017 stock units, 
NCB Financial ended at $209, after losing $1 in swapping 234,698 shares. PanJam Investment climbed $3.85 to $102.85, with 5,100 units changing hands, Portland JSX lost 50 cents to close at $8.50 while exchanging 100 units. Seprod settled at $51, after losing $2 from swapping 8,225 shares, Supreme Ventures added 50 cents, ending the day’s trade at $26.50 with 32,600 shares changing hands and Victoria Mutual Investments closed 39 cents lower to settle at $7.60 trading 94,354 shares.
Trading in the US dollar market closed with 80,977 units valued at US$22,298, with the market climbing 3.93 points to close at 198.49. Proven Investments traded 69,615 units to close at 30 US cents, Sygnus Credit Investments closed at 14 US cents with 10,467 units changing hands and JMMB Group 5.75% preference share exchanged 895 units and ended the day’s trade at US$2.02.
