The Main Market of the Jamaica Stock Exchange continued its winning ways on Wednesday after a brief break on Monday when the market indices slipped and ended with advancing stocks outpacing declining ones three to two.
JSE Main Market showing signs of recovery after falling following BOJ suspension of banks’ dividend payments.
The market closed with 44 securities changing hands in the Main and US dollar markets with prices of 20 stocks advancing, 14 declining, including a big fall in the price of Palace Amusement by $1,098 and 10 securities trading firm. The JSE Main Market activity ended with 38 securities accounting for 13,244,349 units valued at $91,265,025, in contrast to 8,751,199 units valued at $77,299,031 from 38 securities on Tuesday.
Wigton Windfarm led trading with 5.2 million shares for 39 percent of total volume followed by Trans Jamaican Highway with 4.6 million units for 35 percent of the day’s trade and PanJam Investment with 600,640 units for 4.5 percent market share.
The Market closed with an average of 323,033 units at $2,225,976 for each security traded, in contrast to 230,295 units valued at an average of $2,034,185 on Tuesday. The average volume and value for the month to date amount to 362,134 units at $2,453,398 for each stock changing hands, compared to 375,605 units with an average value of $2,531,754 previously. Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 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 seven stocks closing with lower offers. The PE ratio of the market ended at 14, while the Main Market ended at 14.1 times 2020/21 earnings.
In the Main Market, Barita Investments added $1.85 to finish at $53.85, with 43,017 stock units changing hands, Berger Paints gained 95 cents, transferring 142 units to close at $14.20, Eppley ended 36 cents higher at $11.36, after trading 2,000 units. Grace Kennedy finished at $57.35, with a loss of 65 cents after swapping 5,983 units, Jamaica Producers advanced to $20.49, after rising $1.49 exchanging 46,968 stock units, Jamaica Stock Exchange fell $1.05 to $20.55, with a transfer of 28,239 units. JMMB Group closed $1 higher to $34, with an exchange of 224,468 shares, Key Insurance climbed $1.94 to end at a new record high of $10.04, after trading 244,878 shares, Mayberry Investments gained 45 cents in swapping 788 units and closed at $5.80.
NCB Financial Group advanced $7 to $142, in trading 28,328 units, Palace Amusement dived $1,098 trading just three shares to close at $1,700, PanJam Investment declined by $4.50 to a 52 weeks’ low of $73, with 600,640 shares changing hands. Sagicor Real Estate Fund closed at $7.95, with gains of $1.26 with 800 units crossing the market. Salada Foods climbed $4.50 to $29 in exchanging 1,936 units, Scotia Group gained 65 cents to end at $44.90, with a transfer of 8,399 units. Seprod fell to $44, with a loss of $2.40 trading 15,369 units, Supreme Ventures closed 40 cents lower to $15.10, with 40,810 stock units changing hands, Sygnus Credit Investments gained $1.30 to reach $16.50, after swapping 33,390 stock units and Wisynco Group ended the 65 cents higher at $17.65, with a transfer of 449,719 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
