JSE majors move higher

The Jamaica Stock Exchange Main Market ended trading on Wednesday, with the market rising moderately after investors exchanged 41 percent more shares than on Tuesday.
At the close, the All Jamaican Composite Index gained 582.72 points to 404,829.93, the Main Index advanced 480.87 points to 369,280.09, while the JSE Financial Index advanced 0.25 points to settle at 96.81.
Trading ended with 44 securities changing hands compared to 45 on Tuesday and closed with the prices of 19 stocks rising, 17 stocks declining and eight remaining unchanged. The average PE Ratio ended at  15.4 based on the IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 14,824,256 shares for $112,540,610 versus 10,527,397 units at $50,333,563 on Tuesday. Wigton Windfarm led trading, with 56.1 percent of total volume, accounting for 8.32 million shares, followed by Transjamaican Highway with 16.5 percent or 2.44 million stock units and JMMB Group, with 9.9 percent market share for 1.47 million units.
Trading ended with an average of 336,915 units changing hands at $2,557,741 for each security compared to an average of 233,939 shares at $1,118,524 on Tuesday. The average trade for the month to date ended at 268,050 units at $1,716,749 for each security, in contrast to 250,330 units at $1,500,353. Trading, month to date, compares well to September’s average of 265,170 units at $3,271,625.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows 10 stocks ending with bids higher than their last selling prices and five with lower offers.
At the close of the market, Berger Paints slipped $1 to $12, in trading 3,804 shares, Caribbean Cement ended at $49, after gaining $1 with investors switching ownership of 3,416 stock units, Eppley declined $3.75 to close at $18, in exchanging 133,002 units, Eppley Caribbean Property Fund advanced by $1.80 to $43.95, with a transfer of 50 shares. First Rock Capital rose 78 cents to close at $12.90, in exchanging 14,570 stock units, Jamaica Broilers climbed $1 in closing at $26, with 1,419 units crossing the market, Kingston advanced by $3 to $49, with investors swapping 47 units. 138 Student Living lost 39 cents to close at $4.50, in exchange of 408 units, PanJam Investment settled at $70, with gains of $1 after trading 2,655 units, Proven Investments lost 51 cents to end at $39.99, in clearing the market with 3,991 units, Sagicor Group rose 89 cents to end at $45, after an exchange of 1,008 units. Salada Foods shed 71 cents to finish at $27.28, in trading 42 units, Scotia Group declined $3.40 to end at $46.38, with 53 929 shares trading, Seprod finished at $53.10, after losing $2.90 and exchanging 34,828 shares and Sygnus Credit Investments declined by $1.15 to end at $17.85 trading 38,411 shares.
In the preference segment of the market, Community & Workers of Jamaica Credit Union rose 34 cents to end at $1.99, trading 5,148 shares.

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

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