The Jamaica Stock Exchange Main Market ended trading on Monday with the market rising in a bullish session at the start of August after more stocks rose than fell after investors exchanged 39 percent fewer shares with 70 percent higher value than they did on Friday.
At the close, the All Jamaican Composite Index climbed 6,403.61 points to settle at 412,297.65. The Main Index gained 5,796.89 points to end at 376,218.86 and the JSE Financial Index advanced by 2.39 points to settle at 98.36. The price of Scotia Group jumped sharply, by $5.21 and was a major contributor to the significant rise in the market indices.
Trading ended with 45 securities changing hands with the prices of 23 stocks rising, the prices of 15 declining and seven remaining unchanged and the average PE Ratio of the market ended at 15.5 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 8,211,306 shares for $88,195,049 compared to 13,543,115 units at $51,906,344 on Friday.
Wigton Windfarm led trading with 2.52 million shares for 30.7 percent of total volume, followed by Transjamaican Highway with 1.37 million units for 16.7 percent of the day’s trade and Supreme Ventures with 1.13 million units for 13.8 percent market share.
An average of 182,473 units traded on Monday at $1,959,890, in comparison to an average of 338,578 shares at $1,297,659 on Friday. Trading compares adversely to, July that ended with an average of 392,128 shares at $2,444,356.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows six stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Barita Investments rose $2.40 and closed at $56.40 after exchanging 644 stock units, Caribbean Cement dropped $4.25 in ending at $43.75 after trading 7,168 stocks, Eppley advanced $2.54 in closing at $17.44, with 1,141 units changing hands. First Rock Capital climbed 74 cents $13.75 with investors switching ownership of 19,689 shares, Jamaica Broilers Group rose $1.99 to settle at $27.49, in exchanging 40,355 units, Jamaica Producers fell $1.70 to close at $22, with investors trading 4,312 stock units. Key Insurance gained 84 cents to finish at $8.99, with investors exchanging of 44,663 units, Kingston Properties gained 92 cents to end at $7.03, trading 400 shares, Kingston Wharves declined by 30 cents in ending at $50.70 after exchanging 90 stock units.
Mayberry Jamaican Equities increased 60 cents to close at $9.35, with 14,901 shares changing hands, NCB Financial Group carved out an increase of $1.48 to close at $139.98 and finishing with 9,557 units crossing the exchange. Palace Amusement jumped $232.50 to close at $1,782.50 in an exchange of just four units, Proven Investments declined by 45 cents in ending at $34.30 in an exchange of 832 units, Sagicor Group rose $1.01 to settle at $44, with 3,938 stock units trading. Salada Foods rose $1 to settle at $29 with investors swapping just one stock, Scotia Group climbed sharply by $5.21 to close at $51.70 with investors trading 518,331 shares, Stanley Motta rose by 43 cents to close at $5.13 in trading 10,010 stock units. Supreme Ventures gained 49 cents in ending at $15.49 after 1,129,584 shares crossed the exchange, Sygnus Credit Investments rose 93 cents to end at $16.80 trading 1,500 shares and Victoria Mutual Investments carved out a loss 53 cents to close at $6.50 while exchanging 126,311 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of the market, trading ended with five securities changing hands with the prices of three stocks rising and two declining.
At the close of the market, First Rock Capital Investment gained half of a cent and settled at 9 US cents, with 5,505 stocks crossing the market, Margaritaville added three-tenths of a cent to close at 14 US cents with investors swapping 1,865 units. Proven Investments carved out a gain of 1 US cent to end at 24 US cents, with 22,906 shares clearing the market, Sygnus Credit Investments lost three-tenths of a cent to end at 14.8 US cents with an exchange of 10,291 stock units and Transjamaican Highway fell from 0.98 US cents to 0.97 of a cent, with 337,609 units changing hands.
At the close, the All Jamaican Composite Index carved out a gain of 4,915.75 points to settle at 405,893.04; the Main Index gained 4,474.49 points to end at 370,421.97, the JSE Financial Index advanced by 1.37 points to settle at 95.97.
An average of 374,929 units traded for the month to date at $2,445,605 for each security that traded, in contrast to 376,532 units at $2,496,231. Trading month to date compares adversely to June that ended with an average of 818,748 units at $7,498,308.
NCB Financial increased $2.50 to close at $138.50, with 12,621 stocks crossing the market, 138 Student Living carved out a loss 84 cents to settle at $6.04 with an exchange of 3,397 shares. PanJam Investment dropped 94 cents to end at $66.06, in finishing trading of 553 stock units, Sagicor Group rose 99 cents to end at $42.99 in exchanging 9,421 shares, Scotia Group increased $3.49 to $46.49 trading 55,656 units, Supreme Ventures gained 50 cents in ending at $15, with investors switching ownership of 24,033 units and Sygnus Credit Investments declined by 50 cents to close at $15.87 in an exchange of 13,780 shares.
First Rock Capital Investment climbed 1.4 US cents in ending at 9 US cents clearing the market with 1,000 stock units, Proven Investments ended at 22.95 US cents after exchanging 24,791 stock units. Sygnus Credit Investments held at 14 US cents, with 7,720 units clearing the market with and Transjamaican Highway lost one-tenth of a cent and ended at 0.95 US cent, with investors swapping 900 stock units.
At the close, the All Jamaican Composite Index gained 1,220.61 points to settle at 403,259.52. The JSE Main Index rose 1,024.69 points to settle at 367,932.73 and The JSE Financial Index gained 0.21 points to end at 95.24.
An average of 380,348 units traded for the month to date at $2,530,672 for each security that traded, in contrast to 374,963 units at $2,501,819. In contrast, June ended with an average of 818,748 units at $7,498,308.
Kingston Wharves increased by $3.99 to settle at $53 with investors switching ownership of 100 shares. NCB Financial Group declined by $1 to end at $137 in clearing the market with 274,124 stock units, Palace Amusement advanced by $6.50 to end at $1,789 in an exchange of one share, PanJam Investment increased $3.99 to settle at $68.98, after 396,216 stock units changed hands. Proven Investments rose $1.49 to end at $34 after exchanging 16 shares, Sagicor Group gained 97 cents to settle at $42.97 in trading 330,558 shares, Scotia Group advanced $2.50 to $45.50 in trading 321,309 units and Sterling Investments climbed 50 cents and ended at $3.25 in an exchange of 1,598 units.
Proven Investments shed 2.5 cents and closed at 23 US cents after finishing trading 775,788 units and Sygnus Credit Investments gained one-tenth of a cent and ended at US 14.1 cents, with 6,880 stock units crossing the market.
Trading ended with 41 securities changing hands, two less than on Monday and the average PE Ratio of the market ended at 15 based on IC Insider.com’s forecast of 2020-21 earnings.
An average of 374,764 units traded for the month to date at $2,500,318 for each security that traded, in contrast to 379,528 units at $2,567,817. In comparison, June ended with an average of 818,748 units at $7,498,308.
Jamaica Stock Exchange carved out a loss of 45 cents to settle at $21.50 with an exchange of 64,430 stock units changing hands, JMMB Group gained 40 cents to end at $31.40 with 60,637 shares traded, Key Insurance advanced $1 to close at $7, with investors transferring 43,499 units. Kingston Wharves shed $2.49 to finish at $49.01 with 2,285 shares changing hands, Mayberry Investments fell 75 cents to settle at $5.75, with an exchange of just 100 stock units, Mayberry Jamaican Equities dropped $1.19 to finish at $8.75 in a transfer of 49,886 units. NCB Financial declined by $1.94 to close at $138 trading 43,164 shares, PanJam Investment fell $1.06 to end at $64.99 with an exchange of 12,874 stock units, Proven dropped 99 cents, to finish at $32.51, with 3,100 stock units changing hands. Sagicor Group lost $1.74 to end at $42 while exchanging 13,987 units, Scotia Group declined $1.20 to finish at $43 with investors swapping 40,961 units, Sterling Investments fell 45 cents in ending at $2.75 with 23,215 stock units passing through the market and Supreme Ventures dipped 60 cents to close at $14.50 with 290,089 shares crossing the exchange.
The market closed with an exchange of 136,951 shares, accounting for US$11,645 compared to 687,485 units at US$14,428 on Monday. An average of 27,390 units at US$2,329 traded for Tuesday, in contrast to an average of 229,162 at US$4,809 on Monday. For the month to date, an average of 138,111 units traded at US$17,776 in contrast to 144,624 units at US$18,685. By comparison, June ended with an average of 281,680 units valued at US$46,787.
At the close, the prices of 16 stocks rising, the 17 stocks declining and ten remaining unchanged, with the average PE Ratio of the market, ending at 15.3 based on IC Insider.com’s forecast of 2020-21 earnings. In the end, the All Jamaican Composite Index just carved out a gain of 234.59 points to 406,241.88, the Main Index squeezed out a rise of 434.91 points to at 370,741.73, while the JSE Financial Index slipped 0.20 points to 95.91.
June ended with an average of 818,748 units at $7,498,308.
Jamaica Stock Exchange advanced by 45 cents to $21.95, with 11,122 stock units crossing the market, JMMB Group declined by 50 cents to end at $31 after exchanging 74,555 stock units, Key Insurance climbed $1 in closing at $6 and clearing the market with 49,631 shares. Mayberry Investments increased $1.20 t $6.50 with investors switching ownership of 10,421 shares, Palace Amusement jumped $232.50 to close at $1782.50 with investors trading just stock unit, PanJam Investment fell 96 cents after closing at $66.05 and exchanging 3,087 shares. Portland JSX declined by $1.10 to close at $7.25 trading 80,000 units, Proven Investments gained 50 cents to end at $33.50 with 18,517 stock units changing hands, Sagicor Real Estate Fund carved out a gain of $1.17 in ending at $8.92 with an exchange of 1,217 units. Scotia Group lost 30 cents closing at $44.20 with investors swapping 155,653 stock units and Seprod gained $1 to close at $57, with 24,527 shares changing hands.
At the close, the All Jamaican Composite Index declined by 727.14 points to 406,007.29, the Main Index carved out a loss 658.24 points to 370,306.82, the JSE Financial Index fell 0.37 points to 96.11.
An average of 160,072 units traded for the day at $1,063,508 for each security in comparison to an average of 129,202 at $1,050,176 on Thursday. An average of 381,808 units traded for the month to date at $2,640,059 for each security that traded, in contrast to 396,128 units at $2,741,845. In contrast, June ended with an average of 818,748 units at $7,498,308.
Palace Amusement dived $175 to $1,550 after exchanging one stock unit, PanJam Investment shed $2.99 in closing at $67.01 with investors swapping 1,112 shares, Proven Investments dropped $1 to settle at $33 in an exchange of 7,955 stock units. Sagicor Group carved out a gain of 75 cents to close at $43.75, with 3,908 units crossing the exchange, Salada Foods climbed 40 cents to settle at $28 trading 660 units, Scotia Group fell $1.75 to $44.50 and finishing trading with 32,231 shares. Seprod jumped $4 in ending at $56 with 137,391 units passing through the market after the company reported a strong increase in half-year profit. Sterling Investments climbed by 60 cents to settle at $3.15 after 100,977 shares crossed the market and Supreme Ventures lost 69 cents in closing at $14.86 with an exchange of 151,113 units.