JSE Main Market jumps 10,000 points

The JSE All Jamaican Composite Index jumped nearly 10,000 points for the week after the index gained 2,255.06 points Friday to close at 412,309.10 to be up 9,656 points for the week, but is still well off from the nearly 420,735 points close for June.
The Main Index gained 1,812.5 points to 375,955.23 while the JSE Financial Index rose 0.63 points to 97.59.
Trading ended with 41 securities changing hands with the prices of 12 stocks rising, 16 declining and 13 remaining unchanged. The average PE Ratio of the market ended at 14.9 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 11,975,814 shares for $126,008,778 compared to 14,547,430 units at $117,545,736 on Thursday. Transjamaican Highway led trading with 5.08 million shares for 42.4 percent of total volume, followed by Wisynco Group with 2.83 million units for 24 percent of the day’s trade and Wigton Windfarm with 1.36 million units for 11 percent market share.
An average of 292,093 units traded at $3,073,385 for each security on Friday, compared to an average of 354,815 at $2,866,969 on Thursday. An average of 391,200 units changed hands for the month to date at $3,010,746 for each security, versus 399,294 units at $3,005,630 on Thursday. The market closed in June 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 Main market shows eight stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Barita Investments jumped $4.98 to close at $59.99 with investors swapping 10,388 shares, Berger Paints rose $1.58 to $13.48 with 80 shares clearing the market, Caribbean Cement climbed $2.35 to end at $49.50 while exchanging 1,433 stock units. Eppley Caribbean Property Fund dropped $7.40 to close at $39.10 with an exchange of 1,200 units, Jamaica Broilers Group gained 88 cents to end at $25.98 in exchanging 2,466 units. Jamaica Producers Group shed 98 cents to settle at $22.52 trading 20,657 shares, JMMB Group fell 30 cents after closing at $31.15 in trading 559,448 units, Kingston Wharves carved out a gain of $1.50 to settle at $54 with an exchange of 58,527 units. Mayberry Investments dropped 62 cents in ending at $5.37 after 6,535 stock units changed hands, Mayberry Jamaican Equities gained 55 cents to close at $9.69 with 10,925 stock units clearing the market, NCB Financial declined by 50 cents to settle at $139.50 with investors swapping 239,825 stock units. 138 Student Living fell 50 cents to end at $6 after exchanging 9,111 stock units, PanJam Investment jumped $4 to $74 with 2,830 units crossing the market, Proven Investments declined $1.30 to close at $31.70 trading 400 shares, Scotia Group lost 98 cents to settle at $43.51 in the trading of 44,367 shares. Seprod fell $1 in ending at $52 while exchanging 61,292 stock units, Victoria Mutual Investments dropped by 30 cents to settle at $7.20 in trading 51 stock units and Wisynco Group declined by 70 cents to $17.50 with investors switching ownership of 2,832,882 stock units.

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

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