More trading higher prices for JSE

The Jamaica Stock Exchange main market moved higher on greater volume and value than on Thursday with the JSE All Jamaican Composite Index gaining 2,291.72 points to 551,122.21 and the JSE Index rising 2,582.15 points to 501,776.77.
At the same time, the JSE Financial Index that measures all the stocks in this sector in the three JSE markets rose 0.91 points to close at 136.66. Trading ended with 34 securities changing hands in the main and US dollar markets with 15 stocks advancing, 9 declining and 10 trading firm. Main market activity ended with 34 securities trading, resulting in 31,484,701 units valued at $125,777,352 in contrast to 22,536,647 units valued at $48,207,025 from 38 securities trading on Thursday.
Wigton Windfarm led trading with 24.5 million units for 78 percent of total volume, followed by Sagicor Select Funds with 3.1 million shares for 10 percent of the market’s trade and Wisynco Group with 2.3 million units accounting for 7 percent of the day’s trade.
The market closed with an average of 1,015,636 units valued at $4,057,334 for each security traded, in contrast to 593,070 units for an average of $1,268,606 on Thursday and well below the averages for September. The average volume and value for the month to date amounts to 929,723 shares at a value of $15,239,838 for each security traded and previously 924,365 shares at $15,990,179 for each stock traded. The market closed September with an average of 1,585,081 units valued at $14,071,562 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer reading shows 8 securities ended with bids higher than their last selling prices and 5 with lower offers. The PE ratio of the market ended at 16.5 with the main market ending at 17.2 times 2019 current year’s earnings.
In main market activity, Berger closed $1.40 lower to settle at $18.50 with an exchange of just 200 shares, Carreras lost 25 cents trading 68,902 shares and ending at $8, Eppley Caribbean Property Fund declined by $2 to $38 with 64,000 shares changing hands, JMMB Group slid by 49 cents to $42.50, in swapping 19,461 shares. Kingston Wharves gained 39 cents to settle at $60.39 trading a mere 143 shares, NCB Financial added $1.01 with an exchange of 58,763 shares to close at $205, PanJam Investment closed $2 higher at $102, after trading 5,142 shares, Proven Investments gained 50 cents to close at $40.50 with 4,804 shares changing hands. Pulse Investments lost 48 cents to settle at $4.50, after trading 67,479 shares. Scotia Group closed $4 higher at $60, in swapping 431,386 shares, Seprod gained $2.40 and ending at $53 after trading 11,114 shares and Sygnus Credit Investments closed 86 cents down to $22.38 with 20,021 shares changing hands.
Trading in the US dollar market ended with 61,969 units valued at $15,558 and the market index lost 0.01 point to end at 196.73. Proven Investments traded 46,469 units to close at 27 US cents from 26.98 cents on Thursday, Sygnus Credit Investments ended the day’s trade at 14 US cents after exchanging 14,500 shares and JMMB Group 6% preference shares closed at 99 US cents in swapping 1,000 shares.

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