Market activity ended on Monday with only the All Jamaican Composite rising, after an exchange of 66 percent fewer shares valued 70 percent less than on Friday on the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index rose 603.81 points to 456,999.54, the JSE Main Index shed 210.23 points to end at 424,058.00 and the JSE Financial Index lost 0.65 points to settle at 105.18.
Trading ended with 50 securities up from 45 on Friday, with 20 stocks rising, 21 declining and nine remaining unchanged. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 16.4 based on ICInsider.com forecast of 2021-22 earnings.
The market closed with 7,181,910 shares trading for $124,879,752 versus 21,218,791 units at $209,043,560 on Friday. Transjamaican Highway led trading with 10.9 percent of total volume for an exchange of 816,127 shares followed by Mayberry Jamaican Equities with 9.2 percent for 690,800 units and JMMB Group 7.35% – 2028 with 9.2 percent for 689,000 units changing hands.
Trading averaged 143,638 units at $2,497,595, compared to 471,529 shares at $4,645,412 on Friday. Trading month to date ended with a average of 235,716 units at $4,401,702, in contrast to 260,205 units at $4,908,113 on Friday. May closed with an average of 439,937 units at $4,698,961.
Investor’s Choice bid-offer indicator reading has 13 stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Berger Paints advanced $2.07 to $15.95 with 186 stocks crossing the market, Caribbean Cement popped $3 higher to close at a 52 weeks’ high of $95 with an exchange of 38,686 shares. Carreras gained 41 cents to finish at $10.21 in switching ownership of 219,337 units, Eppley fell $1.25 to $35 after an exchange of 7,136 shares, First Rock Capital rallied 23 cents to $16.48 with 46,809 units clearing the market, Grace Kennedy slipped 40 cents to $87.60 after transferring 61,182 shares. Guardian Holdings dropped $20 to close at a 52 weeks’ low of $740 with an exchange of 43,023 stocks, Jamaica Broilers rallied $2.40 to $34.20 with swapping 89,510 units, Jamaica Producers lost 20 cents to end at $22.80 in transferring 176,363 stocks. Jamaica Stock Exchange slipped 36 cents to $17 with 241,255 shares changing hands, Margaritaville edged 90 cents lower to $14.30 in trading 11,343 units, Mayberry Jamaican Equities fell 35 cents to $8.50 in exchanging 690,800 shares, MPC Caribbean Clean Energy dipped $2 to $125 with an exchange of 18 units, NCB Financial spiked $2 higher to $143 in switching ownership of 216,520 stock units.
Palace Amusement surged $153.56 to $1,148.56, after hitting $1,250 in early trading with a transfer of 663 units, Sagicor Real Estate Fund rose 64 cents to $8.99 in trading 10 shares, Scotia Group fell $1 to $41 after exchanging 8,110 stock units, Seprod advanced $1 to $72 in switching ownership of 16,611 shares and Sygnus Credit Investments shed 70 cents to finish at $14.30 in exchanging 94,468 units.
In the preference segment, Jamaica Public Service 9.5% dropped $10 to $1,690 with an exchange of 2,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.