Rising prices dominate JSE Main Market

Rising prices dominated trading on the Jamaica Stock Exchange Main Market on Friday after a 57 percent decline in the volume traded, with a 25 percent increase in value compared to Thursday.
At the close, the All Jamaican Composite Index advanced by 1,123.91 points to 422,982.26, the Main Index rose 1,017.06 points to 385,859.59 and the JSE Financial Index gained 0.32 points to settle at 98.63.
Trading ended with 42 securities changing hands, the same as on Thursday and closed with prices of 19 stocks rising, 14 declining and nine remaining unchanged. The PE Ratio closed with an average of 16.7 based on ICInsider.com’s forecast of 2020-21 earnings.
Investors traded 11,202,034 shares for $62,395,199 compared to 25,722,942 units at $49,768,965 on Thursday.
Carreras led trading with 45.2 percent of total volume for 5.06 million shares followed by Wigton Windfarm with 13.7 percent for 1.54 million units and Transjamaican Highway with 12.5 percent market share after 1.4 million units changed hands.
Trading averaged 266,715 units at $1,485,600, compared to 612,451 shares at $1,184,975 on Thursday. Month to date, resulted in anaverage of 307,577 units at $1,178,094 in contrast to 310,349 units at $1,157,230 on Thursday. Trading in December averaged 455,206 units at $7,774,631.

Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Barita Investments rose 98 cents to end at $82.98, trading 11,785 shares, Caribbean Cement declined by $3 to $60 after trading 37,604 stock units, JMMB Group gained 50 cents to close at $33, in swapping 55,094 shares. Mayberry Jamaican Equities settled at $6, with a loss of $1.05 after exchanging 93,304 stock units, Palace Amusement dropped $88.90 to end at $1,001, after investors switched ownership of 27 shares, PanJam Investment climbed $3 to $68.50 trading 2,555 stock units. Sagicor Real Estate Fund advanced by 70 cents to close at $8.95, in clearing the market with 193 units, Salada Foods rose 99 cents to $35 while exchanging 300 stock units and Scotia Group finished 60 cents higher at $44.60, with 75,000 shares changing hands.
In the preference segment, Eppley 8.25% fell $1 to $6, with 5,000 shares crossing the market.

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

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