JSE Main Market rises again

The Jamaica Stock Exchange Main Market ended trading on Thursday with the market rising after fewer stocks rose as investors exchanged 56 percent fewer shares, with a 59 percent higher value than on Wednesday.
At the close, the All Jamaican Composite Index climbed 1,205.29 points to 407,251.72, the Main Index advanced by 1,208.99 points to 371,716.48 and the JSE Financial Index gained 0.27 points to settle at 97.07.
Trading ended with 46 securities changing hands compared to 43 on Wednesday and closed with the prices of 14 stocks rising, 21 declining and 11 remaining unchanged. The average PE Ratio of the market ended at 15.7 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 13,141,814 shares for $242,747,146  compared to 30,185,670 units at $152,750,024 on Wednesday. Wigton Windfarm led trading with 26.9 percent of total volume in accounting for 3.53 million shares, followed by Barita Investments with 18.9 percent of the day’s trade for 2.48 million units, Transjamaican Highway with 18.5 percent market share or 2.43 million units and Pulse Investments, with 18 percent closing with 2.35 million units changing hands.
Trading ended with an average of 285,692 units changing hands at $5,277,112 for each security compared to an average of 701,992 shares at  $3,552,326 on Wednesday. The average trade for the month to date ended at 248,972  units at $1,760,892 for each security, in contrast to  246,626 units at $1,536,244. Trading month to date compares adversely to August’s average of 497,441 units at $3,201,918.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows seven stocks ending with bids higher than their last selling prices and one with lower offers.
At the close of the market, Barita Investments climbed $9.08 to $78 in exchanging 2,484,848 shares, Caribbean Cement fell $1.49 to settle at $45.50, with 3,179 stock units changing hands. Eppley Caribbean Property Fund climbed $5.45 to $50.45, in exchanging a mere 10 stock units, First Rock Capital gained 30 cents in closing at $13.30, after trading 333 shares. Jamaica Producers Group shed 50 cents to end at $20, with an exchange of 5,061 stock units, Jamaica Stock Exchange closed at $18.50, with a loss of 43 cents after 3,588 units crossed the market, Key Insurance rose 65 cents and ended at $8.25 with 4,880 stock units clearing the market. Mayberry Jamaican Equities carved out a gain of 90 cents to finish at $8.50, in trading 60,235 shares, NCB Financial Group fell $1.30 to $133, with 65,074 shares changing hands, 138 Student Living rose 35 cents to $4.85 trading 40 units, Palace Amusement declined by $224 to close at $1,300, after transferring ten stock units. PanJam Investment dropped $4.98 to $66, in trading 41,025 shares, Portland JSX lost 60 cents to settle at $8 trading a mere two units, Scotia Group rose $1.76 to end at $48.76, with 60,819 shares passing through the market and Seprod shed 74 cents to close at  $55.25, in trading 19,961 shares.
In the preference segment of the market, Community & Workers Credit Union lost 33 cents to close at $1.65 and 25,678 shares passing through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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