Main Market higher than July close

The Jamaica Stock Exchange Main Market rose on Monday for a second consecutive day and ended at the highest point since the first trading day in August when the All Jamaica Index jumped over 6,400 points from the July close.
At the close, the All Jamaican Composite Index jumped by 4,343.31 points to 407,868.96, the JSE Main Index climbed 4,093.95 points to end at 372,193.08, the JSE Financial Index rose 2 points to settle at 98.52.
Trading ended with 42 securities changing hands compared to 45 securities on Friday, with the prices of eight stocks rising, the prices of 20 declining and 14 remaining unchanged and the average PE Ratio of the market ended at 15.4 based on IC Insider.com’s forecast of 2020-21 earnings.
Investors exchanged 18 percent more shares carry a value that was 185 above that on Friday as the market closed with an exchange of 12,210,225 shares for $154,837,388  compared to 10,324,462 units at $54,359,400 on Friday.
Sagicor Group led trading with 2.41 million shares for 19.7 percent of total volume followed by Pulse Investments with 2.37 million units for 19.4 percent of the day’s trade, Transjamaican Highway with 1.87 million units for 15.3 percent market share, Wigton Windfarm closed with 1.78 million shares commanding 14.5 percent of the day’s trade. Sagicor Select Financial Fund with 1.3 million units or 10.8 percent of overall trade and QWI Investments with 1.2 million stock units for 10 percent of stocks trading.
Trading ended with an average of 290,720 units changing hands for the day at  $3,686,604 for each security, in comparison to an average of 229,432 shares at $1,207,987 on Friday. The average trade for the month to date ended, with  449,733 units at $2,662,511 for each security, in contrast to 460,700 units at  $2,591,884 .Trading month to date exceeds  July , with an average of 392,128  shares for $2,444,356.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows 7 stocks ended with bids higher than their last selling prices and one with lower offers.
At the close of the market, Barita Investments declined by $2.60 to settle at $54, with 390 shares crossing the exchange, Caribbean Cement carved out a loss $2.49 to settle at $41.01 in exchanging 5,991 stock units, Eppley jumped $3.18 to settle at 52 weeks’ high of $21 with an exchange of 40,535 units. Jamaica Broilers Group carved out a gain of $2 to close at $25 while trading 2,197 stocks, Jamaica Producers Group fell $2.48 to end at $20.50 with investors swapping 193,306 units, JMMB Group dropped by $1.27, in ending at $30.03 after 24,388 stocks passed through the market. Mayberry Jamaican Equities lost 46 cents in closing at $8.29, with 153 units changing hands, MPC Caribbean Clean Energy gained  $2.99 to end at $155, after an exchange of 1,587 units, PanJam Investment declined $3 to end at $65 and cleared the market with 11,980 stock units. Proven Investments climbed  $1.90 to $36 after trading 23,024 shares, Scotia Group carved out a loss $2.49 to end at $45.51 with investors switching ownership of 245,287 stock units and Wisynco Group fell 40 cents to close at  $16.50 while exchanging 17,470 stocks.

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

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