JSE Main market climbs on Monday

Rising stocks dominated the Jamaica Stock Exchange Main Market on Monday and drove the primary market indices higher after an exchange of 75 percent more shares than on Friday, with a slight dip in the value of stocks changing hands.
At the close, the All Jamaican Composite Index advanced by 4,791.17 points to 408,016.86, the Main Index climbed 4,053.26 points to 372,153.01 and the JSE Financial Index gained 1.04 points to settle at 97.24.
Trading ended with 44 securities changing hands compared to 41 on Friday and closed with the prices of 17 stocks rising, 17 declining and 10 remaining unchanged. The market’s average PE Ratio ended at 15.2 based on the IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 15,995,307 shares for $79,703,616 compared to 9,117,461 units at $80,839,987  on Friday. Transjamaican Highway led trading with 58.5 percent of total volume as 9.35 million shares changed hands followed by QWI Investments with 8 percent or 1.29 million units and Wigton Windfarm, 5.9 percent, with 946,319 units shares.
Trading ended with an average of 363,530 units changing hands at $1,811,446 for each security, compared to an average of 222,377 shares at  $1,971,707 on Friday. For the month to date, the average trade amounts to 256,184 units at $1,636,720 for each security, in contrast to 198,584 units at $1,542,965. Trading month to date compares adversely to September’s average of 265,170 units at $3,271,625.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows 10 stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of the market, Barita Investments rose $2.92 to close at $77.90, trading 334,913 shares, Berger Paints advanced by $2.48 to close at $13.48, as investors switched ownership of 13,856 stock units, Eppley fell $1.70 to $21, clearing the market with 5,114 stock units. Eppley Caribbean Property Fund declined by $9 in ending at  $41, after exchanging 540 units, First Rock Capital lost 35 cents in closing at $12.90, in trading  26,522 stock units, Jamaica Broilers Group shed 99 cents to end at $25.01, in exchanging 24,776 stock units. Jamaica Producers Group closed at $20, having lost 50 cents after trading 21,701 stock units, JMMB Group gained 40 cents to close at $29.50, with an exchange of 145,377 shares, Kingston Wharves gained 85 cents to finish at $50, with 8,689 units crossing the market. Mayberry Investments shed 74 cents to end at $5.40, with 3,052 units changing hands, Mayberry Jamaican Equities rose 50 cents to $8.50, in transferring 57,660 shares, MPC Caribbean Clean Energy jumped $7 to $170, after exchanging 428 units. Pan Jam Investment climbed $1.50 to $69.50, with 15,507 shares crossing the market, Portland JSX  closed $1.14 higher at $8.19, in transferring 10,378 stock units, Sagicor Group gained 90 cents to settle at $45, with 20,241 stocks changing hands. Scotia Group dropped $3.17 to finish at $46.31 trading 55,877 shares, Sygnus Credit Investments gained 49 cents in closing at $19.49, with an exchange of 8,778 units and Wisynco Group lost 39 cents to close at $15.60 transferring 150,994 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com