Rising stocks dominate JSE majors

Rising stocks outclassed declining ones by more than a two to one ratio in Jamaica Stock Exchange Main Market activity on Friday leading to a decent bounce in the market indices on Thursday, with 92 percent jump in the value of stocks traded.
At the close, the All Jamaican Composite Index climbed 4,748.93 points to 428,013.58, the Main Index advanced by 4,304.89 points to 390,278.54 and the JSE Financial Index gained 0.88 points to close at 99.36.
Trading ended with 43 securities changing hands, down from 44 on Thursday and closed with 25 rising, 11 declining and seven ended unchanged. The PE Ratio ended at an average of 16.6 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders exchanged 14,347,348 shares for $215,600,304 compared to 14,742,217 units at $112,092,139 on Thursday. Jamaica Broilers led trading with 35 percent of total volume, after an exchange of 5.02 million shares followed by QWI Investments 13.2 percent with 1.89 million units, Transjamaican Highway with 11.9 percent market share for 1.71 million units and Wigton Windfarm with 8.1 percent for 1.16 million units.
Trading for the day averaged 333,659 units at $5,013,961, versus 335,050 shares at $2,547,549 on Thursday. The month to date averages 427,484 units at $2,884,542, close to 437,301 units at $2,661,756 on Thursday. Trading in January averaged 311,275 units at $1,432,133.
Investor’s Choice bid-offer indicator reading has 11 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of trading, Barita Investments rose by $1 to $81, with 222,411 shares changing hands, Berger Paints fell by $1.60 to $12 trading 16,831 units, Caribbean Cement added $3.81 to end at $63.92, with the swapping of 7,798 stock units. Ciboney Group advanced 11 cents to close at 52 weeks’ high of 55 cents, with 310,629 shares clearing the market, First Rock Capital rose by $1 to $16 exchanging 48,810 units, Grace Kennedy declined by $2.50 to $82.50, with 51,108 stock units changing hands. Jamaica Broilers rose $1.99 to end at $28.99, trading 5,021,831 shares, Jamaica Producers gained 80 cents to close at $20.50, exchanging 9,755 stock units, Kingston Wharves gained $1.30 to end at $47.80 trading 5,633 units. Mayberry Investments climbed 20 cents to $5.50 trading 60,070 stock units, NCB Financial closed $1.65 higher at $138.65, with the swapping of 111,606 shares. Palace Amusement declined by $50.01 to close at $999.99, in exchanging 200 stock units, PanJam Investment advanced $3.81 to $70, with 3,166 stocks crossing the market, Salada Foods shed 90 cents to end at $40, with 16,019 units changing hands, Seprod climbed $4.99 to $70 after 55,651 shares crossed the market. Stanley Motta gained 45 cents to settle at $5.35 exchanging 945,893 stocks, Supreme Ventures slipped 50 cents to end at $15.50, in switching owners for 96,790 stock units, Sygnus Credit Investments gained 55 cents to finish at $15.75 trading 55,266 shares. Victoria Mutual Investments rose 28 cents to $5.79, with 113,332 units changing hands and Wisynco Group gained 36 cents in ending at $16.35, trading 108,260 stock units.

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

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