More gains for Main Market

The Jamaica Stock Exchange closed with slightly more stocks rising than falling, leading to gains in the Main Market indices at the close on Friday as more investment dollars entered the market than on Thursday.
At the close of trading, the JSE All Jamaican Composite Index advanced 2,205.30 points to close at 533,532.74, the JSE Market Index added 2,005.08 points to 485,872.96 and the JSE Financial Index gained 0.85 points to 132.17.
The market closed with 44 securities changing hands in the Main and US dollar markets with the prices of 16 advancing, 15 declining and 13 trading firm. The JSE Main Market activity ended with 41 securities changing hands accounting for 25,935,878 units valued at $106,383,024 in contrast to 32,214,496 units valued at $74,997,715 from 42 securities on Thursday.
Wigton Windfarm ended trading with 10.3 million shares for 40 percent of total volume, followed by Sagicor Select Financial Fund with 9.2 million units for 36 percent of the day’s trade and Sagicor Select Manufacturing and Distribution with 2.2 million shares for 8 percent of the market’s volume. QWI Investments was the only other stock trading more than one million units, ending the day’s trade with 1.1 million units.
The Market closed with an average of 632,582 units valued at an average of $2,594,708 for each security traded, in contrast to 805,362 units valued at an average of $1,874,943 on Thursday. The average volume and value for the month to date amount to 684,825 units valued at $2,563,408 for each security changing hands compared to 690,207 units valued at $2,559,814 for each security traded. Trading in January resulted in an average of 626,134 units valued at $3,511,981 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows eight stocks ending with bids higher than their last selling prices and two closing with lower offers. The PE ratio of the market ended at 19.6, while the Main Market ended at 18.8 times the 2019 earnings.
In the Main Market, Caribbean Cement added 75 cents to settle at $70.75, with 1,950 shares changing hands, Jamaica Producers closed $2 higher at $26 in trading 15,145 shares, Jamaica Stock Exchange lost 96 cents transferring 24,516 shares and ended at $30.03. Kingston Wharves dropped to $57, with a loss of $4.85 in swapping just 887 units, Mayberry Investments closed 60 cents lower at $7.50, in exchanging 2,991 shares, Mayberry Jamaican Equities traded 4,200 shares at $9, after losing $1.05. NCB Financial gained 50 cents to settle at $185, in transferring 153,378 shares, PanJam Investment lost 97 cents to close at $99.03, with an exchange of 9,603 shares, Proven Investments ended at $47.25, with a loss of $1.25 with 13,725 shares changing hands. Pulse Investments climbed $2.12 to close at a 52 weeks’ high of $12.10, in transferring 435,669 shares, Sagicor Group declined $1.23 to $67.52 while trading 22,052 shares, Salada Foods gained $3 to end at $35, in an exchange of 144 units, Seprod closed 49 cents lower to $46.50, with 78,103 shares changing hands. Stanley Motta swapped 269,383 shares at $5.75, after gaining 75 cents, Sygnus Credit Investments added 50 cents to close at $24.50, in transferring 10,080 shares and Wisynco Group ended 50 cents lower at $22.50, with an exchange of 180,962 shares.
Trading in the US dollar market ended with 228,960 units valued US$67,649. The market index dipped 1.11 points to close at 228.90. Proven Investments lost half of 1 cent to close at 30.50 US cents in exchanging 213,980 units, Sygnus Credit Investments transferred 14,557 units at 16 US cents and Sterling Investments gained 0.3 cents after trading 423 units to settle at 2.7 US cents.

Prices of securities trading are those at which the last trade took place.

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