The All Jamaican Composite Index closed above the 450,000 points level for the first time since March 13 last year when it advanced 780.41 points to close at 450,515.14, on Wednesday on the Jamaica Stock Exchange, with an exchange of 119 percent more shares valued 339 percent higher than in trading on Tuesday.
The JSE Main Index gained 314.36 points to 426,701.91 and the JSE Financial Index lost 0.05 points to settle at 106.74.
A total of 53 securities traded compared to 54 on Tuesday, with 21 stocks rising, 23 declining and nine remaining unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.4.
The market closed with 12,295,253 shares trading for $154,483,246 compared to 5,625,284 units at $35,183,198 on Tuesday. Sagicor Select Manufacturing & Distribution Fund led trading with 25.1 percent of total volume after an exchange of 3.09 million shares followed by Sagicor Group 18.5 percent with 2.28 million units, Transjamaican Highway with 15.5 percent, with 1.9 million units and Wigton Windfarm with 14 percent after 1.73 million units changed hands.
Trading averaged 231,986 units at $2,914,778, compared to an average of 104,172 shares at $651,541 on Tuesday. Trading month to date averages 287,442 units at $3,395,135, in contrast to 295,768 units at $3,467,257 on Tuesday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Cement declined $2 to $87 in trading 20,087 shares, Carreras gained 23 cents to close at $9.82 with 109,080 stock units changing hands, Eppley ended 26 cents higher at $35 in clearing the market of 1,491 shares, Eppley Caribbean Property Fund climbed $4.99 to close at $45 with the swapping of 2,000 units, First Rock Capital gained 33 cents to finish at $16.71 in transferring 17,074 stocks. Grace Kennedy shed 50 cents to close at $88.50 with the swapping of 26,786 stock units, Jamaica Broilers climbed $3 to a 52 weeks’ high of $36 in exchanging 37,352 stocks. Jamaica Producers advanced $1.15 to $27.35 with the transfer of 23,717 shares, Jamaica Stock Exchange fell 25 cents to $17.75 after exchanging 14,143 units, JMMB Group fell $1.15 to $31.90 in switching ownership of 66,428 stock units. Kingston Properties lost 25 cents to close at $8.15 after a transfer of 3,536 units, Kingston Wharves rose 50 cents to $45 in swapping 5,912 stocks, Margaritaville lost 50 cents to end at $15 with 8,035 stock units changing hands. Mayberry Investments shed 40 cents in closing at $5.30 in switching ownership of 131,843 shares, Mayberry Jamaican Equities dipped 44 cents to $7.55 after exchanging 10,450 stocks, NCB Financial declined $2.72 to $138.78 trading 62,047 stock units. Palace Amusement rose $1 to $908 in an exchange of 53 units, PanJam Investment fell $1.40 to $63.50 in trading 38,150 stocks, Portland JSX rose 75 cents to a 52 weeks’ high of $10.50 with the transfer of 1,135 shares.
Pulse Investments lost 40 cents in closing at $4.30 in an exchange of 411,205 units, Sagicor Group climbed $2.51 to $52 with 2,279,348 shares crossing the market, Salada Foods dropped 20 cents to $7 in transferring 206,193 stock units, Seprod slid 88 cents to end at $77 in switching ownership of 4,451 shares, Supreme Ventures fell $1.44 to $18.51 with 73,026 units changing hands and Wisynco Group rose 50 cents to $16 after exchanging 45,650 units.
In the preference segment, Eppley 8.75% preference share rose $1 to $7.50, in trading 17 stock units, Eppley 7.5% shed 60 cents to close at $11 with 8 units clearing the market, JMMB Group 7.15% – 2028 gained 20 cents to settle at $3 with the swapping of 85,162 units and JMMB Group 7.35% – 2028 finished 24 cents higher at $3.25 in exchanging 2,000 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading ended with six securities changing hands, the same as Tuesday, with one stock rising, one declining and four remaining unchanged.
At the close, First Rock Capital remained at 9.99 US cents with 31,101 shares traded, Margaritaville held firm at 9 US cents with investors switching ownership of 7,663 stocks, Proven Investments rose 0.01 of a cent to finish at 25.01 US cents with 1,000 units changing hands. Sygnus Credit Investments lost 0.47 of a cent to end at 14.6 US cents with a transfer of 32,123 shares and Transjamaican Highway closed at 0.94 US cents with 41,836 stock units crossing the exchange.
Trading ended with six securities changing hands, compared to five on Monday, with the prices of two stocks rising, two declining and two remaining unchanged.
At the close of the market, First Rock Capital advanced 0.99 of a cent to end at 9.99 US cents with 56,942 shares traded, Margaritaville remained at 9 US cents with investors switching ownership of 2,160 units, Proven Investments held firm at 25 US cents with an exchange of 22,990 stocks. Sterling Investments advanced 0.26 of a cent to finish at 2.3 US cents with a transfer of 10,095 units, Sygnus Credit Investments lost 0.9 of a cent to end at 15.07 US cents with 100 stocks traded and Transjamaican Highway slipped 0.01 of a cent to 0.94 US cents with 236,281 shares crossing the exchange.
Trading activity led to a nice rise in the All Jamaican Composite Index that climbed 2,013.60 points to settle at 449,734.73. The Main Index gained 1,725.03 points to 426,387.55 and The JSE Financial Index inched 0.10 points higher to 106.79.
Investor’s Choice bid-offer indicator shows 11 stocks ending with bids higher than their last selling prices and one with a lower offer.
Stanley Motta shed 30 cents to close at $5.85 with 1,392 units changing hands, Sterling Investments gained 23 cents to end at $2.98 in switching ownership of 20,900 stocks, Supreme Ventures rose $2.64 to a 52 weeks’ high of $19.95 in exchanging 113,998 shares. Sygnus Credit Investments lost 24 cents in ending at $14.65 with the swapping of 15,776 stock units and Wisynco Group lost 50 cents at $15.50 in an exchange of 107,145 stock units.
At the close, the All Jamaican Composite Index fell 1,335.19 points to 447,721.13, the Main Index dropped 4,869.78 points to 424,662.52 and the JSE Financial Index shed 1.85 points to settle at 106.69.
Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and one with a lower offer.
Salada Foods dipped 30 cents to close at $9, trading 144,058 stock units, Scotia Group fell $1.29 to $40.51 in exchanging 61,843 shares, Seprod declined $4 to close at $71 after 17,111 units crossed the exchange. Supreme Ventures shed 49 cents to settle at $17.31 after an exchange of 136,667 stock units, Sygnus Credit Investments gained 29 cents to end at $14.89 with 34,847 units changing hands.
Similar to Friday, five securities changed hands, with one rising, one declining and three remaining unchanged.
At the close, First Rock Capital remained at 9 US cents after trading 220,143 shares, Margaritaville finished trading 2,084 units at 9 US cents, Proven Investments lost 1.2 cents to close at 25 US cents, after 137,389 stocks crossed the exchange. Sterling Investments rose 0.04 of a cent in closing at 2.04 US cents trading 27,000 shares and Transjamaican Highway remained at 0.95 US cents, with 11 stock units changing hands.
At the close, First Rock Capital stayed at 9 US cents, with 555 shares crossing the market, Margaritaville ended at 9 US cents trading 5,298 shares, Proven Investments fell 0.6 of a cent to 26.2 US cents after trading 15,941 units. Sygnus Credit Investments climbed 0.52 of a cent to 15.97 US cents, with 37,001 units changing hands and Transjamaican Highway rose 0.01 of a cent in closing at 0.95 US cents after 302,067 shares crossed the exchange.
At the close, the All Jamaican Composite Index rose 1,717.09 points to 449,056.32, the Main Index advanced 6,789.24 points to 429,532.30 and the JSE Financial Index gained 2.78 points to settle at 108.54.
Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and two with lower offers.
Proven Investments rose $1.01 to $38.78 with the swapping of 112,652 units, Sagicor Real Estate Fund slipped 25 cents to close at $7.95 with the transfer of 3,366 stocks, Salada Foods lost 40 cents in closing at $9.30 in trading 145,990 units, Seprod dropped $3 to finish at $75 with 105,935 shares changing hands, Supreme Ventures rose 56 cents to end at $17.80 in switching ownership of 98,891 stock units and Sygnus Credit Investments lost 39 cents ending at $14.60 in trading 39,721 units.
At the close, First Rock Capital ended at 9 US cents with an exchange of 8,479 shares, Margaritaville settled at 9 US cents with 5,453 stocks changing hands, Proven Investments lost 0.15 of a cent to end at 26.8 US cents with 9,480 units traded. Sygnus Credit Investments gained 0.95 cents to close at 15.45 US cents with a transfer of 129,901 stock units and Transjamaican Highway remained at 0.94 of a US cent with 137,865 shares crossing the exchange.
Trading ended with 51 securities compared to 50 on Wednesday and closed with prices of 21 stocks rising, 16 declining and 14 remaining unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.5.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and one with lower offers.
PanJam Investment rose $1.25 to $63.50 in exchanging 22,174 units, Proven Investments gained 75 cents to finish at $37.77 trading 7,198 stock units, Sagicor Group rose 99 cents to end at $49.49 after crossing the market with 50,855 units. Salada Foods lost 28 cents in closing at $9.70 in transferring 261,746 stock units, Stanley Motta gained 20 cents to close at $6.20 with an exchange of 3,100 shares. Supreme Ventures lost 26 cents to end at $17.24 after crossing the market with 69,748 stock units and Wisynco Group gained 52 cents to close at $15.90 with the swapping of 134,365 stock units.