Main Market ends week with gains

Trading on the Jamaica Stock Exchange Main Market was below normal levels, on Friday, with investors pushing several stock prices higher, leading the market indices to carve out modest gains, with the All Jamaican Composite Index climbing 5,100 points for the week and recovered the 4,100 points loss of the previous week.
At the close, the All Jamaican Composite Index climbed 1,009.48 points to 416,767.63 and the Main Market Index advanced 912.88 points to 380,156.43. The JSE Financial Index closed unchanged at 98.38 points.
Trading ended with 39 securities changing hands, compared to 42 on Thursday and the market closed, with the prices of 24 stocks rising, seven declining and eight closing unchanged. The market closed, with an exchange of 27,345,784 shares accounting for $96,729,414 compared to 13,491,484 units at $103,617,587 on Thursday.
The leading trades for the day were, Transjamaican Highway, with 16.10 million shares for 59 percent of total volume followed by Wigton Windfarm with 4.32 million units for 16 percent of the day’s tradings and Pulse Investments with 3.52 million units for 13 percent market share. Supreme Ventures was the only other stock trading, to exceed a million units, and it ended with 1.3 million units changing hands.
The average trade for the day ended at 701,174 units at $2,480,241 in contrast to an average of 321,226 units valued at $2,467,085 on Thursday. The average volume and value for the month to date amounts to 808,713 units valued at $7,227,394, in contrast to 813,827 units at $7,200,572.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Main market shows 14 stocks ended with bids higher than their last selling prices and two with lower offers. The average PE ratio of the Main Market ended at 15.4 based on IC’s forecasted 2020-21 earnings.
At the close of the market, Barita Investments climbed $2.35 to end at $53.85, with the swapping of 51,334 units, Berger Paints rose $1.20 to settle at $13.40 in trading 5,101 units, First Rock Capital gained 30 cents in closing at $15.10 with 6,450 stock units crossing the exchange. GraceKennedy climbed 49 cents after closing at $57.99 and trading 3,773 stock units, Jamaica Broilers rose $1 to $29 with a transfer of 870 shares, Jamaica Producers gained $1 to settle at $25 in trading 36,130 units. Mayberry Investments advanced 34 cents to $5.99 with 10,090 stock units changing hands, Mayberry Jamaican Equities shed 50 cents to settle at $9.50 in exchanging 427 shares, NCB Financial lost $1.20 to end at $139.99 in trading 33,259 stock units. Scotia Group climbed $3.70 to end at $47.35 in the swapping of 3,767 units, Seprod rose $1.80 in ending at $53 and exchanging 26,888 stock units, Victoria Mutual Investments declined 45 cents to settle at $7.45 with 296,346 stock units changing hands and Wisynco Group advanced by 47 cents to end at $18.70 with 52,410 units crossing the market.

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

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