JSE Main Market inches higher

Trading ended with 43 securities changing hands Jamaica Stock Exchange Main Market, down slightly from 45 on Friday, with trading levels remaining extremely low, with an exchange of 14,627,962 shares for $56,812,175 compared to 7,203,254 units at $47,857,862 on Friday.
At the close, the prices of 16 stocks rising, the 17 stocks declining and ten remaining unchanged, with the average PE Ratio of the market, ending at 15.3 based on IC Insider.com’s forecast of 2020-21 earnings. In the end, the All Jamaican Composite Index just carved out a gain of 234.59 points to 406,241.88, the Main Index squeezed out a rise of 434.91 points to at 370,741.73, while the JSE Financial Index slipped 0.20 points to 95.91.
The market closed, with Transjamaican Highway leading trading with 9.83 million shares for 67 percent of total volume, followed by Wigton Windfarm with 2.45 million units for 16.8 percent of the day’s trade and Sagicor Select Financial Fund with 565,157 units for 4 percent market share.
An average of 340,185 units traded on Monday at $1,321,213 for each security, in comparison to an average of 160,072 at $1,063,508 on Friday. An average of 379,528 units traded for the month to date at $2,567,817 for each security that traded, in contrast to 381,808 units at $2,640,059. In contrast, June ended with an average of 818,748 units at $7,498,308.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows five stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Barita Investments climbed $4 to end at $57 after exchanging 1,588 shares, Berger Paints fell $1 to $12 in trading 17,604 units, Eppley Caribbean Property Fund jumped $7 in closing at $46.10 and exchanged 867 shares. First Rock Capital dropped by 40 cents in closing at $13 with 6,716 shares crossing the market, Jamaica Broilers Group lost 50 cents to close at $25, with 4,316 shares changing hands, Jamaica Producers Group gained 73 cents to end at $23.40 with investors switching ownership of 250 stock units. Jamaica Stock Exchange advanced by 45 cents to $21.95, with 11,122 stock units crossing the market, JMMB Group declined by 50 cents to end at $31 after exchanging 74,555 stock units, Key Insurance climbed $1 in closing at $6 and clearing the market with 49,631 shares. Mayberry Investments increased $1.20 t $6.50 with investors switching ownership of 10,421 shares, Palace Amusement jumped $232.50 to close at $1782.50 with investors trading just stock unit, PanJam Investment fell 96 cents after closing at $66.05 and exchanging 3,087 shares. Portland JSX declined by $1.10 to close at $7.25 trading 80,000 units, Proven Investments  gained 50 cents to end at $33.50 with 18,517 stock units changing hands, Sagicor Real Estate Fund carved out a gain of $1.17 in ending at $8.92 with an exchange of 1,217 units. Scotia Group lost 30 cents closing at $44.20 with investors swapping 155,653 stock units and Seprod gained $1 to close at $57, with 24,527 shares changing hands.

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

About IC Insider.com