The Jamaica Stock Exchange Main Market ended trading on Thursday with the market rising after the volume passing through the market was six-times the total number of shares traded on Wednesday but at just 25 percent of the value.
At the close, the All Jamaican Composite Index climbed 3,382.20 points to settle at 403,348.27, the Main Index increased 3,121.52 points to 368,097.96, the JSE Financial Index advanced by 1.59 points to end at 95.65.
Trading ended with 43 securities changing hands compared to 45 securities on Wednesday and ended with the prices of 13 stocks rising, the prices of 22 declining and eight remaining unchanged and the average PE Ratio of the market ended at 15.4 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 39,119,819 shares for $135,564,924, compared to 6,840,001 units at $53,958,145 on Wednesday.
Trading was led by Sagicor Select Manufacturing & Distribution Fund, with 16.65 million shares, for 42.6 percent of total volume, followed by Wigton Windfarm with 15.4 million units for 39.3 percent of the day’s trade and Pulse Investments with 1.38 million units for 3.5 percent market share. Transjamaican Highway was the only other stock to exceed a million shares and ended with 1.1 million units changing hands.
Trading ended with an average of 909,763 units changing hands for the day at $3,152,673 for each security, in comparison to an average of 152,000 shares at $1,199,070 on Wednesday. The average trade for the month to date ended at 401,777 units at $1,737,639 for each security, in contrast to 330,159 units at $1,538,143 on Wednesday. Trading month to date compares well to July with an average of 374,929 units at $2,445,605 (392,128 shares for $2,444,356.
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 two with lower offers.
At the close of the market, Barita Investments carved out a loss $2.50 to close at $56 in exchanging 27,472 shares, Caribbean Cement fell $2.39 to $42, with 636,763 shares clearing the market, Eppley Caribbean Property Fund lost $3 to end at $47 in exchanging 1,004 stock units. First Rock Capital fell 52 cents to $12.99 with investors switching ownership of 16,615 units, JMMB Group shed $1 to settle at $30 crossing with 517,552 shares changing hands, Key Insurance carved out a loss 43 cents to end at $7.07 in finishing at 2,232 shares. 
Kingston Wharves climbed 50 cents to $53, with just 2,071 units passing through the market, Mayberry Investments carved out a loss 75 cents to settle at $5.15 in an exchange of 19,239 shares, Mayberry Jamaican Equities dropped by 45 cents to close at $8.75 with investors wapping 152,360 units. NCB Financial climbed $7.88 trading 65,722 stock units at $137.90, PanJam Investment rose $1.75 to end at $68.50, with 11,860 shares changing hands, Proven Investments dropped $1.90 in ending at $33.80, with 2,500 stocks passing through the market. Sagicor Group increased by $4 to close at $44 in exchanging 682,448 stocks, Salada Foods shed $2 to settle at $25 after exchanging 42,000 units, Scotia Group dropped $1.73 to end at $46 in an exchange of 3,707 stocks. Seprod lost $2.24 to close at $54 in an exchange of 16,518 stocks, Stanley Motta rose 38 cents to settle at $5.13 with investors switching ownership of 37 shares, Supreme Ventures lost 65 cents to end at $14.50 with investors trading 152,771 shares. Victoria Mutual Investments declined by 37 cents to $6.57 with 69,669 stock units changing hands and Wisynco Group gained 58 cents to end at $17.79, with 11,650 stocks clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
