Stocks rising and declining share the honours with 20 each, at the close of trading on Monday leaving to the Jamaica Stock Exchange Main Market to close above Friday’s close with the volume of shares traded falling 51 percent and values down 9 percent to Friday.
Several stocks posted strong gains leading the market into positive for the year to date, for only the second time since the start of the year, with January 5th being the only other day the market recorded gains over the 2020 close. The All Jamaican Composite Index climbed 4,304.98 points to 436,954.70 at the close, the Main Index advanced 3,840.76 points to 398,369.57, but the JSE Financial Index slipped 037 points to 100.35.
Investors traded 49 Securities, up from 47 on Friday and closed with 20 rising, 20 declining and 9 remaining unchanged. The PE Ratio averages 19.4 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders exchanged 18,062,183 shares for $101,989,445 compared to 35,675,257 units at $112,526,954 on Friday. Wigton Windfarm led trading with 45 percent of total volume, after an exchange of 8.12 million shares followed by Pulse Investments with 21.4 percent for 3.86 million units, Sagicor Select Financial Fund 7.9 percent for 1.42 million units and Transjamaican Highway with 6.1 percent market share for 1.11 million units.
Trading for the day averaged 368,616 units at $2,081,417, compared to 759,048 shares at $2,394,191 on Friday. February closed with an average of 419,015 units at $2,509,660.
Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments slipped 33 cents to $81.17, after exchanging 26,461 shares, Berger Paints closed 30 cents higher at $14.20, with 17,723 units changing hands. Caribbean Cement advanced $5 to $70, after the stock surged to $75 in early trading, with the switching of 125,524 stocks, Ciboney Group lost 22 cents to finish at $1.22, with 38,183 shares clearing the market, Eppley advanced $3.40 to $28.40, with the swapping of 24,498 units. First Rock Jamaica lost 30 cents to end at $15 trading 3,126 stocks, Grace Kennedy climbed $4.50 to close at a 52 weeks’ high of $89, with 194,627 shares changing hands. The stock traded upto $95 in response to a strong rise in profit, the company reported for 2020, Jamaica Broilers lost 26 cents to close at $28.74, with an exchange of 24,329 units. Jamaica Producers gained 25 cents to end at $20.45 in swapping 196,833 stocks, Key Insurance rose 76 cents to $4.77 trading 154,642 stock units, Kingston Properties rose $1.41 to $7.25, with 700 units crossing the exchange. Mayberry Investments ended 40 cents higher at $5.69, transferring 7,352 shares, NCB Financial fell 67 cents to $143.33 with an exchanging of 88,291 stock units, 1834 Investments fell 25 cents to 95 cents trading 2,120 units, 138 Student Living shed 70 cents to end at $5.30 while exchanging 1,700 stock units. Palace Amusement dropped $49 to $801, with 683 shares crossing the market, PanJam Investments rose $1 to $65, in an exchange of 13,660 stocks, Portland JSX ended $1.40 higher at $8.50, with the swapping of 2,000 units, Proven Investments climbed $3.40 to $39.40 trading 361 stock units. Sagicor Group declined $2 to finish at $50.10, in switching ownership of 81,964 units, Sagicor Real Estate Fund gained 69 cents to close at $8.99 after 7,200 shares crossed the market, Salada Foods fell $3 to $41 in exchanging 6,514 stocks. Scotia Group declined $1.50 to $41 trading 271,291 units, Seprod gained 50 cents to close at $69.50, with the swapping of 34,072 shares, Supreme Ventures lost 50 cents to finish at $16.40 in switching ownership of 13,711 units and Wisynco Group lost 29 cents to close at $16, in transferring 134,237 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.