NCB Financial leads JSE trading again

NCB Financial Group traded 3.9 million shares following 7 million on Wednesday on the JSE.

NCB Financial led trading on the Main Market of the Jamaica Stock Exchange for a second consecutive day, resulting in the first time in months that Trans Jamaican Highway, Wigton Windfarm, Sagicor Select Financial Fund nor QWI Investments are not in the top three.
At the close of trading on Thursday, NCB Financial Group led the market with 3.9 million shares for 28 percent of total volume followed by Wisynco Group with 1.8 million units for 12.6 percent of the day’s trade and Jamaica Broilers with 1.6 million units for 11.3 percent of the market’s volume. Other stocks trading more than one million units were Sagicor Select Financial Fund with 1.5 million shares and Trans Jamaican Highway with 1.1 million units.
At the close, the two primary market indices were rising for the second day and ended, with the JSE All Jamaican Composite Index advanced by 1,259.54 points to 418,737.22, the JSE Market Index stepped 1,140.30 points up to 381,866.12 and the JSE Financial Index lost 0.10 points to 99.74. The PE ratio of the market ended at 14.8, while the Main Market ended at 15.2 times projected 2020-21 earnings.
The market closed with 43 securities changing hands in the Main and US dollar markets with prices of 23 stocks advancing, 12 declining and eight securities trading firm. The JSE Main Market activity ended with 41 securities accounting for 13,973,559 units valued at $676,293,640, in contrast to 19,992,087 units valued at $1,058,928,831 from 37 securities on Wednesday.
The average security trading on Tuesday amounted to 340,819 units at $16,494,967, in contrast to 540,327 units valued at an average of $28,619,698 on Wednesday. The average volume and value for the month to date amount to 413,144 units valued at $7,321,574 for each security changing hands, compared to 418,319 units with an average of $6,613,270. 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 thirteen stocks ending with bids higher than their last selling prices and seven stocks closing with lower offers.
In the Main Market, Barita Investments gained of $1 to close at $50, with the transfer of 1,368 units, Caribbean Cement gained 47 cents trading 7,814 stock unit to finish at $50, First Rock Capital climbed $1.29 to $15.40, in swapping a mere one share. Grace Kennedy picked up 49 cents to settle at $57.99, with an exchange of 309,861 units, Jamaica Broilers jumped $2.94 to $29.54, after the transfer of 1,576,821 shares, Jamaica Producers rose 50 cents to end at $21, in swapping 13,115 units. Jamaica Stock Exchange closed with 50,959 shares changing hands after losing 90 cents to close at $22.50, JMMB Group gained 85 cents and ended at $34, with an exchange of 92,797 shares, Kingston Wharves climbed $3 to $56, with 2,238 units crossing the exchange. NCB Financial Group declined by $2.47 and closed at $140.03, having traded 3,887,398 shares, Palace Amusement added $100 to finish at $1,900 in transferring 10 units, PanJam Investment fell $1 to $73, with investors switching ownership of 7,384 units. Proven Investments gained 35 cents to settle at $35.85 while exchanging 6,728 units, Sagicor Group ended with a loss of $1.30 trading 37,214 stock units and closed at $45 and Salada Foods added 50 cents and finished at $30, after swapping 260 units.

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

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