JSE Main Market rises

The Jamaica Stock Exchange Main Market recovered some of Tuesday’s losses but the gains were not nearly enough to wipe out Tuesday fall as 42 securities changed hands with the prices of 24 stocks rising, 15 declining and three remaining unchanged.
At the close, the All Jamaican Composite Index gained 1,220.61 points to settle at 403,259.52. The JSE Main Index rose 1,024.69 points to settle at 367,932.73 and The JSE Financial Index gained 0.21 points to end at 95.24.
Trading ended with and 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 20,416,869 shares for $130,092,416 compared to 11,625,612 units at $49,526,202 from the trading of 41 securities on Tuesday.
Transjamaican Highway led trading with 11.76 million shares for 57.6 percent of total volume, followed by Wigton Windfarm with 5.17 million units for 25.3 percent of the day’s trade and PanJan Investment with 396,216 units for two percent market share.
An average of 486,116 units traded on Wednesday at $3,097,438 for each security in comparison to an average of 283,539 at $1,207,164 on Tuesday. An average of 380,348 units traded for the month to date at $2,530,672 for each security that traded, in contrast to 374,963 units at $2,501,819. 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 eight stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Barita Investments lost $4.51 to end at $53.43 with an exchange of 4,361 units, Caribbean Cement rose $1.73 to close at $45.73 with an exchange of 5,370 stock units, Eppley Caribbean Property Fund dropped $6.10, to $40 with investors switching ownership of 6,134 shares. First Rock Capital dipped by 45 cents to settle at $13 while exchanging 14,345 shares. Jamaica Broilers Group gained $1, in ending at $25, with 5,422 shares passing through the market, Jamaica Producers Group rose 80 cents to $23.30 while exchanging 46,734 units, Jamaica Stock Exchange increased 50 cents to settle at $22, with 56,148 stock units changing hands. JMMB Group carved out a gain of 40 cents in ending at $31.80 after 18,979 stock units passed through the market. Key Insurance climbed 75 cents to close at $7.75 in trading 104,137 units, Kingston Wharves increased by $3.99 to settle at $53 with investors switching ownership of 100 shares. NCB Financial Group declined by $1 to end at $137 in clearing the market with 274,124 stock units, Palace Amusement advanced by $6.50 to end at $1,789 in an exchange of one share, PanJam Investment increased $3.99 to settle at $68.98, after 396,216 stock units changed hands. Proven Investments rose $1.49 to end at $34 after exchanging 16 shares, Sagicor Group gained 97 cents to settle at $42.97 in trading 330,558 shares, Scotia Group advanced $2.50 to $45.50 in trading 321,309 units and Sterling Investments climbed 50 cents and ended at $3.25 in an exchange of 1,598 units.
In the preference segment, Eppley 8.25% advanced by 89 cents to settle at $6.81 with investors swapping 450 shares and 138 Student Living Preference share, fell 40 cents to close at $5.20 in trading just five units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.