The majority of stock trading rose on Tuesday on Jamaica Stock Exchange Main Market after an exchange of 68 percent more shares worth 62 percent more than on Monday.
At the close, the All Jamaican Composite Index climbed 2,982.72 points to 428,936.51, the Main Index rose 2,680.31 points to 391,428.21 and the JSE Financial Index gained 0.29 points to settle at 103.11.
Trading ended with 45 securities changing hands compared to 41 on Monday and closed with the prices of 24 stocks rising, 13 declining and eight ending unchanged. The average PE Ratio ends at 16 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading closed with 46,789,600 shares changing hands for $269,845,318 compared to 27,815,530 units at $166,571,949 on Monday.
Transjamaican Highway led trading with 46.5 percent of total volume, after exchanging 21.77 million shares, followed by Sagicor Select Financial Fund with 32.4 percent for 15.14 million units, JMMB Group with 11.4 percent market share for 5.34 million units and Wigton Windfarm accounted for 2.2 percent of trading with 1 million units.
Trading averaged 1,039,769 units changing hands at $5,996,563 for each security, compared to an average of 678,428 shares at $4,062,730 on Monday. Trading for the month to date averaged 390,690 units at $7,005,102 for each security, versus 346,635 units at $7,073,555 on Monday. October averaged 398,200 units at $4,622,532.
The Investor’s Choice bid-offer indicator reading shows 9 stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Caribbean Cement advanced $2.90 to $60.90 with the trading of 26,059 shares, Eppley fell $2.90 to $22.10, in exchanging 1,564 units, Eppley Caribbean Property Fund climbed $2.50 to $44, with 12,622 stock units changing hands. First Rock Capital shed 94 cents to end at $12.06 after exchanging 10,392 shares, Grace Kennedy gained $3 to close at $61, with the trading of 177,009 stocks, Jamaica Broilers rose $1.50 to $27.90 in switching ownership of 13,747 stock units. Jamaica Producers finished $1.68 higher at $21.74, after clearing the market with 2,188 units, JMMB Group rose $1.10 to $33, in an exchange of 5,338,124 shares, Kingston Properties climbed 50 cents to $7.48, with 2,025 units changing hands.
Mayberry Investments ended $1.38 higher at $7 trading 50,100 shares, Mayberry Jamaican Equities gained 93 cents to finish at $7.93, with investors swapping 30,167 stock units, NCB Financial fell $3.40 to $145.10, with an exchange of 18,559 shares. Palace Amusement declined $200 to end at $1,100, in trading 5 stock units, Pan Jam Investment rose $1.50 to $66.50, after exchanging 2,067 stock units, Proven Investments gained 79 cents to close at $39.04, trading 2,785 units. Sagicor Group advanced $2 to $50 and ending with an exchange of 309,520 shares, Salada Foods climbed $4 to close at $29, trading 7,008 units, Seprod gained $1.50 to end at $64.50 after exchanging 19,273 stock units and Sterling Investments lost 50 cents to close at $3.20 transferring 255,264 shares.
In the preference segment, Community & Workers Credit Union lost 20 cents to close at an all-time low of $1.50 after trading 6,800 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.