JSE Main market up 5% in May

The Main Market of the Jamaica Stock exchange closed out May on a high note with the market prime indices rising appreciably to close out the month with a gain of five percent but closed with a loss of 25 percent for the year to date.
At the close, the JSE All Jamaican Composite Index climbed 4,018.59 points to 420,847.85, the JSE Market Index advanced 3,762.78 points to 383,649.98 and the JSE Financial Index gained 1.12 points to 100.80. The PE ratio of the market ended at 14.5, while the Main Market ended at 14.8 times 2020-21 earnings.
The market closed with 49 securities changing hands in the Main and US dollar markets with prices of 22 stocks advancing, 16 declining and 11 securities trading firm. The JSE Main Market activity ended with 45 securities accounting for 109,379,530 units valued at $203,610,322, in contrast to 21,505,791 units valued at $167,719,708 from 40 securities on Thursday.
Wigton Windfarm led trading with 80 million shares for 73 percent of total volume followed by Trans Jamaican Highway with 24 million units for 22 percent of the day’s trade and QWI Investments with 1.5 million units for 1.4 percent market share. Also, trading over a million units was Sagicor Select Financial Fund, with 1.15 million units.
The average trade for the day was 2,430,656 units at $4,524,674 for each security traded, in contrast to 537,645 units at an average of $4,192,993 on Thursday. The average volume and value for the month to date ended at 475,543 units at $3,077,280 for each security changing hands, compared to 369,670 units with an average of $2,994,834. Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
IC bid-offer Indicator At the end of trading, the Investor’s Choice bid-offer indicator reading shows seventeen stocks ending with bids higher than their last selling prices and three stocks closing with lower offers.
In the Main Market, Barita Investments shed 60 cents to end at $50.40, with a transfer of 171,676 shares, Caribbean Cement gained $1 exchanging 34,628 stock units and closed at $52, Eppley ended $1 higher at $17.99, with 35,848 stock units changing hands. Eppley Caribbean Property Fund jumped $5 to $38 after swapping a mere one unit, First Rock Capital shed 40 cents to settle at $12.60, in transferring 2,741 units, Jamaica Producers closed 70 cents lower at $20.10 trading 423,052 shares. Jamaica Stock Exchange gained $1.57 and ended at $22.57, exchanging 105,212 shares, Kingston Properties dropped $1.50 to finish at $4.80, after swapping 40,000 stock units, Kingston Wharves climbed $2.99 to $57.99 transferring 9,590 units. Mayberry Investments lost 40 cents to end at $5.60 trading 14,908 units, Palace Amusement shed another $100 to close at $1,100, in an exchange of 83 units, Salada Foods gained 50 cents swapping 191,208 shares and closed at $29. Scotia Group advanced by $1 to $46, with 17,902 stock units changing hands, Stanley Motta picked up 80 cents to settle at $5.50, after transferring 31,500 stock units, Supreme Ventures gained 30 cents exchanging 40,864 stock units and closed at $14.80 and Sygnus Credit Investments ended trading at $17.32, after rising 36 cents and swapping 7,512 units.

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

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