Stocks bounced sharply in early trading on Friday on the Main Market Jamaica Stock Exchange with the All Jamaica Composite index rising to more than 437,454 points. just after 11:30 AM, but ended a bit lower at the close on Friday after an exchange of 300 percent more shares after 14 times more funds were exchanged than on Thursday.
At the close, the All Jamaican Composite Index advanced 1,075.26 points to end at 434,348.23, the Main Index rose 973.03 points to 396,423.72 and the JSE Financial Index gained 0.50 points to settle at 104.13.
Trading involved 41 securities compared to 44 on Thursday and closed with the prices of 15 stocks rising, 18 declining and eight remaining unchanged. The average PE Ratio ended at 16.2 based on ICInsider.com’s forecast of 2020-21 earnings.
Investors traded 26,035,964 shares for $1,185,955,996 compared to 8,368,235 units at $78,354,493 on Thursday. Barita Investments led trading with 46.5 percent of total volume, after exchanging 12.11 million shares followed by Transjamaican Highway with 33.7 percent for 8.78 million units and Sterling Investments with 5.5 percent market share for 1.44 million units.
Trading averaged 635,024 units at $28,925,756 for each security, compared to an average of 190,187 shares at $1,780,784 on Thursday. The average trade for the month to date is 289,116 units at $7,973,059 for each security, in contrast to 179,176 units at $1,313,675. November averaged 623,120 units at $6,686,047.
Investor’s Choice bid-offer indicator reading has five stocks ending with bids higher than their last selling prices and seven with lower offers.
At the close of the market, Barita Investments climbed $4.42 to settle at $90 trading 12,109,602 shares, Berger Paints rose $1.31 to close at $13.80, with 10,312 units passing through the market, Caribbean Cement fell $3 to $57, after exchanging 67,835 shares. Eppley shed 65 cents to close at $23 trading 100 units, First Rock Capital declined by 70 cents to $12.50, with investors swapping 2,709 units, Grace Kennedy climbed $4 to end at $64, with an exchange of 27,186 stock units. Jamaica Broilers lost 80 cents to close at $27.50, in the transfer of 47,405 shares, Jamaica Producers shed 75 cents to finish at $21.75 after an exchange of 2,013 stock units, Jamaica Stock Exchange lost 45 cents in ending at $19.55 with 4,398 units crossing the market. JMMB Group advanced $2 to $35, with investors switching ownership of 565,948 shares, Key Insurance lost 49 cents to settle at $9.50 trading 47,411 stocks, Kingston Wharves rose $1 to $48, in exchanging 3,466 units. Mayberry Jamaican Equities advanced $1.08 to $8.23, with 6,518 units passing through the market, NCB Financial fell $1 to $145.50, after 24,142 stock units crossed the market, Pan Jam Investment advanced by $8 to $68 trading 2,114 units. Portland JSX rose $1 to close at $9 after transferring 4,218 stock units, Sagicor Group dropped $1.30 to $52, after exchanging 302,882 shares, Sagicor Real Estate Fund declined by $1.48 to $7.49, with investors swapping 52,140 units.
Salada Foods climbed $2.98 to $28.98, with 50 stocks crossing the exchange, Scotia Group lost 50 cents to finish at $44.50 trading 734,994 shares, Seprod rose $1.98 to end at $65.99, clearing the market with 20,865 stock units. Sterling Investments shed 35 cents to end at $2.85 trading 1,439,187 shares, Supreme Ventures lost 69 cents to close at $17.11, with investors swapping 4,059 units, Sygnus Credit Investments gained 99 cents to settle at $16.99 after investors switched ownership of 278,419 shares and Wisynco Group lost 40 cents to end at $16.10, in exchanging 62,549 shares.
In the preference segment, Eppley 8.25% shed $1 to close at $6 trading 1,140 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Five securities traded similar to Thursday, resulting in the prices of two stocks rising, none declining and three remaining unchanged.
At the close of the market, First Rock Capital Investment closed at 9 US cents with an exchange of 200 shares, Margaritaville remained at 13 cents with the trading of 3,500 stocks, Proven Investments rose 1.87 cents to close at 25.87 US cents, with an exchange of 21,245 stocks and Sygnus Credit Investments carved out a gain of 0.099 of a cent to settle at 16.99 US cents in trading 204,503 stocks.
The market indices declined for a second consecutive day, with the All Jamaican Composite Index dropped 1,756.26 points to 433,272.97, the Main Index fell by 1,431.23 points to 395,450.69 and the JSE Financial Index lost 0.44 points to settle at 103.63.
Trading averaged 190,187 units at $1,780,784 for each security, compared to an average of 169,420 shares at $1,098,311 on Wednesday. The average trade for the month to date is 179,176 units at $1,313,675 for each security, in contrast to 173,476 units at $1,071,877. November averaged 623,120 units at $6,686,047.
Sagicor Real Estate Fund climbed $1.22 to $8.97 after exchanging 19,020 units, Seprod shed 99 cents to finish at $64.01, with 5,814 units changing hands, Sterling Investments lost 40 cents in closing at $3.20 after trading 11,775 units. Supreme Ventures gained 30 cents to end at $17.80, trading 33,788 stock units, Sygnus Credit Investments shed $1 to end at $16, after 550,563 shares crossed the exchange and Wisynco Group settled at $16.50, with gains of 47 cents as investors swapped 67,571 shares.
At the close, the All Jamaican Composite Index declined by 1,097.37 points to 435,029.23, the Main Index shed 989.18 points to 396,881.92 and the JSE Financial Index lost 0.31 points to settle at 104.07.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows five stocks ending with bids higher than their last selling prices and one with a lower offer.
Pan Jam Investment ended $1.49 lower at $62.01, after exchanging 9,913 stock units, Proven Investments gained $1 to close at $37, with 3,309 units changing hands, Stanley Motta gained 35 cents to finish at $5.35, in trading 2,180 stocks. Supreme Ventures rose 47 cents to $17.50 in an exchange of 13,504 stock units, Sygnus Credit Investments advanced $1 to $17, with a transfer of 37,765 shares and Victoria Mutual Investments gained 34 cents in closing at $6.10 after investors switched ownership of 113,575 units.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows three stocks ended with bids higher than their last selling prices and one with lower offers.
Investor’s Choice bid-offer indicator reading for the market shows nine stocks ending with bids higher than their last selling prices and two with lower offers.
Supreme Ventures gained 40 cents to close at $17.03, after the swapping of 21,899 stock units and Sygnus Credit Investments shed $1.31 in ending at $16, with a transfer of 53,907 shares.
Trading ended with five securities changing hands compared to eight on Monday and closed with prices of two rising, one declining and two remaining unchanged.
Proven Investments lost 1.99 cents and ended at 24 US cents, after exchanging 75,413 shares, Sterling Investments lost half a cent to end at 2.45 US cents, with 5,000 stock units changing hands. Sygnus Credit Investments gained one-tenth of a cent to end at 16.6 US cents, in crossing the market with 47,956 shares and Transjamaican Highway ended at 0.90 of a US cent, trading 18,529 stock units.
Trading averaged 341,117 units at $3,482,298 for each security, compared to 5,591,567 shares at $5,529,709 on Friday. Month to date, the average ended at 623,120 units at $6,686,047 for each security, in contrast to 639,789 units at $6,875,412. October averaged 398,200 units at $4,622,532.
Pan Jam Investment advanced by $2.90 to close at $70, with 142,736 shares crossing the exchange, Sagicor Group rose $1 to $52 trading 1,647,769 shares, Salada Foods closed at $27, with a loss of $1 in trading 5,498 units. Scotia Group fell by $1.99 to $46 in exchanging 210,312 shares, Seprod gained $1.10 to end at $65.10, with a transfer of 18,206 units, Supreme Ventures shed 87 cents to finish at $16.63, with 23,840 stock units changing hands and Sygnus Credit Investments lost 69 cents trading 181,280 shares to end the day’s trade at $17.31.
Market activity ended with eight stocks trading, up from six on Friday and ended with the prices of four stocks rising, one declining and three remaining unchanged.
Productive Business Solutions gained 18 cents to end at 84 US cents after trading 5,952 stock units, Proven Investments advanced 0.99 of a US cent to finish at 25.99 US cents, after 14,259 shares crossed the exchange, Sterling Investments lost nine-tenths of a US cent to close at 2 US cents, with investors swapping 350,000 shares. Sygnus Credit Investments advanced 0.51 of a US cent to settle at 16.5 US cents after 51,732 shares crossed the market and Transjamaican Highway remained at 0.90 of a US cent, with 122,500 shares changing hands.
At the close, the All Jamaican Composite Index advanced 3,600.36 points to 435,722.68, the Main Index climbed 3,258.67 points to 397,474.41 and the JSE Financial Index gained 0.83 points to settle at 104.25.
Trading averaged 5,591,567 units at $5,529,709 for each security, versus 316,046 shares at $4,811,167 on Thursday. Month to date average ended with 639,789 units at $6,875,412 for each security, compared to 382,145 units at $6,945,430. October averaged 398,200 units at $4,622,532.
Key Insurance closed at $10.35 and rose to $1.75 after trading 287,658 shares, MPC Caribbean Clean Energy declined by $4.50 to $145.50, in crossing the market with 224 units, Pan Jam Investment fell $1.05 to $67.10 trading 25,670 stock units. Proven Investments climbed $2.22 to $39.02, with an exchange of 56 units, Scotia Group advanced $2.89 to $47.99, with investors swapping 45,993 stock units, Stanley Motta shed 80 cents to close at $4.70, in crossing the market with 5,500 units and Supreme Ventures loss of 50 cents to end at $17.50, after 145,808 shares passed through the market.