More gains for JSE Main Market

The Jamaica Stock Exchange Main Market ended trading on Wednesday, with the market rising marginally after more stocks declined than rising in an exchange of 455 percent more shares, with a 757 percent rise in value than on Tuesday.
At the close, the All Jamaican Composite Index gained 35.98 points to 414,887.27, the Main Index rose 193.22 points to 378,479.15, while the JSE Financial Index shed 0.39 points to settle at 99.58.
Trading ended with 44 securities changing hands compared to 42 on Tuesday and closed with the prices of 14 stocks rising, 21 declining and nine remaining unchanged. The average PE Ratio ended at  15.3 based on the IC forecast of 2020-21 earnings.
The market closed with an exchange of 23,292,101 shares for $301,807,924  compared to 4,197,312 units at $35,206,443 on Tuesday. Wigton Windfarm led with 41.4 percent of total volume, trading 9.65 million shares, followed by Jamaica Broilers with 35.4 percent as 8.25 million units traded, Sagicor Select Financial Fund with 6.5 percent after 1.52 million units changed hands and Transjamaican Highway accounting for 4.8 percent with 1.12 million units.
Trading ended with an average of 529,366 units at $6,859,271 for each security compared to an average of 99,936 shares at $838,249 on Tuesday. The average trade for October to date ended at 347,371 units at $5,634,183 for each security, in contrast to 332,968 units at $5,537,233. Trading month to date is well up on  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 8 stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Berger Paints gained 55 cents to settle at $12.30, exchanging 63 shares, Caribbean Cement fell $1.01 to $44, trading 39,214 units, Eppley rose $1 to $19, with 38,500 stocks crossing the market. First Rock Capital gained 71 cents to close at $12.89, with 57,770 shares passing changing hands, Jamaica Broilers slid 90 cents to $26, in exchanging 8,253,792 stock units, JMMB Group finished at $29.73, with gains of 85 cents and ending, with 39,190 shares crossing the market. Kingston Properties fell $1.25 to $6.25 after finishing with 3,970 stock units changing hands, Mayberry Jamaican Equities shed 40 cents to close at $7.40, in trading 12,734 stock, MPC Caribbean Clean Energy rose $29 to $169 after trading 100 units. NCB Financial Group declined $1.50 in closing at $136.50, with an exchange of 139,361 shares, Palace Amusement lost $39 and closed at $1,450, trading 15 units, Proven Investments dropped $1.25 to end at $40, in an exchange of 9,400 stock units. Sagicor Group fell $1.79 to $44.11 trading 22,550 shares, Scotia Group dropped $2.18 to $46.32, in trading 3,235 units, Seprod climbed $8.48 to a 52 weeks’ closing high of $66.98 after hitting a new high of $70, with investors swapping 149,833 shares after the company reported a big increase in nine months profit and Supreme Ventures lost 38 cents to end at $14.52, in trading 16,842 stock units.

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

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