JSE main market rally

The Jamaica Stock Exchange main market surged forward on Monday with the All Jamaican Composite Index rising 2,208.01 points to close at 552,699.92, while the JSE Index gained 1,955.43 points to 503,282.40 and the JSE Financial Index inched 0.11 points higher to 136.477
The market closed with 41 securities changing hands in the main and US dollar markets with 12 stocks advancing, 17 declining and 12 stocks trading firm. Main market activity ended with 38 securities accounting for 17,983,605 units valued at $109,287,271, in contrast to 16,239,630 units valued at $138,772,724 on Friday from 35 securities.
Sagicor Select Funds dominated trading with 9.4 million shares for 52 percent of the day’s trade after hitting an intraday low of $1. Wigton Windfarm followed with 4.3 million shares for 24 percent main market volume after moving to an intraday record high of $1.15 and Jamaica Stock Exchange with 1.17 million shares and 6.5 percent. QWI Investments traded at an all-time low of $1.
The market closed with an average of 473,523 units valued at an average of $2,875,981 for each security traded, in contrast to 463,989 units for an average of 3,964,935 on Friday. The average volume and value for the month to date amounts to 644,199 units valued at $9,331,109 and previously, an average of 655,062 units valued at $9,766,801 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 13 stocks ending with bids higher than their last selling prices and 5 with lower offers. The PE ratio of the market ended at 17.9 with the main market ending at 18.8 times 2019 current year’s earnings.
In main market activity, Caribbean Cement jumped $4.96 to close at $80, with 27,200 shares changing hands, Eppley Caribbean Property Fund closed $1.40 lower at $36.60, with the trading of 299 units, Eppley ended at $14.50 after falling $1.40 and swapping 1,535 stock units. Grace Kennedy slid $2 to end at $62, in trading 17,288 shares, Jamaica Broilers gained $2 to close at $40 with an exchange of 33,910 shares, Jamaica Stock Exchange dropped $5.38, settling at $25 after 1,172,512 shares crossed the exchange, JMMB Group rose 99 cents to end at $46.99, with exchanging 616,089 shares. Kingston Wharves closed $1.53 lower to $57.25, with 2,600 units changing hands, Mayberry Investments lost 30 cents in transferring 28,450 shares to settle at $8.20, Mayberry Jamaica Equities closed $1.10 higher at $13.30 trading 207,200 units. 138 Student Living added 42 cents, ending the day at $4.30, transferring 626 shares, PanJam Investment lost 90 cents to close at $101.10 with 537 units trading. Proven Investments added 50 cents to $48, after exchanging 21,603 units, Pulse Investments rose to $4.55 with gains of 55 cents while trading 106,793 shares, Scotia Group tumbled to $52.95 with a fall of $2.05 in transferring 105,340 shares and Seprod closed 38 cents lower to $50.62, with 43,247 units changing hands.
Trading in the US dollar market closed with 31,272,177 units valued at US$9,869,582, with the market index losing 1.70 points to close at 214.18. Proven Investments lost 0.45 US cents to close at 31.15 US cents in the trading 31,265,399 shares, JMMB Group 6% preference share closed at US$1.02 exchanging 1,700 units and Sygnus Credit Investments ended at 14 US cents with 1,778 units changing hands.

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