Pulse Investments carved out 97% of trading

Pulse Investments traded 347 million shares on Wednesday to be the volume leader for two consecutive days.

Pulse Investments commanded 97 percent of total volume traded on the Jamaica Stock Exchange, as 347.3 million shares passed through the market. So dominant was the top trade that the next largest accounted for 1.8 percent of stocks traded as Wigton Windfarm had 6.3 million units changing hands followed by Trans Jamaican Highway with 2.3 million units for 0.6 percent market share.
At the close, the JSE All Jamaican Composite Index jumped 3,954.72 points to close at 415,538.18, the JSE Market Index climbed 3,581.93 points to 379,044.42 and the JSE Financial Index gained 1.24 points to finish at 98.21. The PE ratio of the market ended at 15, while the Main Market ended at 15.5 times ICInsider.com projected 2020-21 earnings.
The market closed with 46 securities changing hands in the Main and US dollar markets with prices of 22 stocks advancing, 11 declining and 13 securities trading firm. The JSE Main Market activity ended with 43 securities accounting for 359,330,187 units at $1,020,073,564, in contrast to 23,658,315 units for $370,631,204 from 38 securities on Tuesday.
The average security trading on Tuesday amounted to 8,356,516 units at $23,722,641, in contrast to 622,587 units at an average of $9,753,453 on Tuesday. For the month to date, an average of 840,420 units traded at $7,750,590 for each security, compared to 400,703 units with an average of $6,759,539. 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 four stocks closing with lower offers.
At the end of the market, Berger Paints gains of 50 cents to close at $13.50, with a transfer of 150 shares, Caribbean Cement climbed $1.07 to $50.97 trading 16,104 stock units, First Rock Capital shed 40 cents to finish at $14.80, in exchanging 17,631 units. Jamaica Broilers gained $1.14 to end at $29.74 after investors swapped 29,292 stock units, Jamaica Producers settled at $21.97, with a rise of $1.27 in transferring 12,387 units, JMMB Group picked up 33 cents trading 131,426 shares and closed at $33.33. Key Insurance rose 50 cents to $4.50, with 200 units changing hands, Kingston Wharves advanced $1.31 to $57.49, in trading 4,056 tock units, Mayberry Jamaican Equities climbed $1.30 to $10.50 after 52,656 shares changed hands. NCB Financial Group closed $2 higher at $143, with 27,698 units crossing the exchange, Palace Amusement lost $300 to ended at $1,600, after investors transferred 304 shares, Sagicor Group climbed $1.20 to $46, in swapping 11,182 units. Salada Foods added $1 to close at $30 trading 400 shares, Scotia Group advanced by $5 to $47.50, with an exchange of 651,703 units and Wisynco Group shed 43 cents to end at $17.57, with 84,048 shares changing hands.

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

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