The JSE Main Market eked out meager gains in the leading market indices as market activity closed mixed on Friday with higher volume for less value than traded on Thursday.
The market closed with 44 securities changing hands in the Main and US dollar markets with prices of 17 stocks advancing, 16 declining and 11 securities trading firm. The JSE Main Market activity ended with 41 securities accounting for 23,620,498 units valued at $191,546,437, in contrast to 10,464,179 units valued at $256,434,655 from 38 securities on Thursday.
At the close, the JSE All Jamaican Composite Index gained 361.49 points to end at 415,733.07, the JSE Market Index added 342.51 points to close at 379,115.94 and the JSE Financial Index rose 0.19 points to 98.96. The PE ratio of the market ended at 14.6, while the Main Market ended at 15.0 times ICInsider.com projected 2020-21 earnings.
Wigton Windfarm led trading with 11.6 million shares for 49 percent of total volume followed by Pulse Investments with 4.4 million units for 18.6 percent of the day’s trade and Sagicor Select Financial Fund with 1.9 million units for 7.9 percent market share.
Other stocks trading more than one million units are Carreras with 1.1 million units and Grace Kennedy with 1.6 million shares.
The average security trading on Thursday amounted to 576,109 units valued at $4,671,864, in contrast to 275,373 units valued at an average of $6,748,280 on Thursday. The average volume and value for the month to date amount to 409,744 units valued at $5,519,274 for each security changing hands, compared to 393,268 units with an average value of $5,612,672. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows sixteen stocks ending with bids higher than their last selling prices and five stocks closing with lower offers.
In the Main Market, Barita Investments closed 45 cents lower at $49.05, in exchanging 2,793 shares, Berger Paints fell 74 cents to finish at $12, in transferring 24,893 units,
Caribbean Cement gained 30 cents swapping 38,277 stock units and closed at $49.50. Eppley Caribbean Property Fund ended at $40, with gains of 50 cents with 4,184 units changing hands, Jamaica Stock Exchange lost 52 cents and settled at $22.50, after trading 223,160 shares, MPC Caribbean Clean Energy declined by $1 to $169, with 550 units crossing the exchange. NCB Financial Group fell $1.59 to $142, having swapped 194,677 stock units, Proven Investments climbed $2.70 to $34.70, in transferring 41,066 shares, Sagicor Real Estate Fund closed $1 higher at $8 trading 206,150 shares. Scotia Group rose $1.80, exchanging 151,670 shares to end at $45 and Sygnus Credit Investments closed 45 cents higher at $17.45, after a swap of 6,818 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.