In continuation of the early stage of a bull market, the All Jamaica Composite Index of the Jamaica Stock Exchange Main Market jumped 4,847.95 points to close 420,161.81 on Tuesday, the highest close since the end of June when the index then closed at 420,735.55 points.
JSE all jamaica Composite index with bullish formation.
The move higher was telegraphed from September by one technical indicator and helped by some companies reporting attractive profits, for the September quarter.
In trading on Tuesday, rising stocks beat out falling ones by nearly five to one after an exchange of 96 percent more shares changing hands than on Monday, with a 46 percent increase in value.
At the close, the Main Index climbed 4,655.78 points to 383,551.04 and the JSE Financial Index rose 1.59 points to settle at 100.62.
Trading ended with 42 securities changing hands compared to 45 on Monday and closed with the prices of 23 stocks rising, five declining and 14 remaining unchanged. The average PE Ratio ended at 16 based on ICInsider.com forecast of 2020-21 earnings.
Trading resulted in 13,931,581 shares for $189,778,108 changing hands up from 7,088,457 units at $129,315,419 on Monday. Wigton Windfarm led trading with 42.1 percent of total volume after exchanging 5.86 million shares, followed by Carreras with 13.2 percent for 1.83 million units, Transjamaican Highway with 12.4 percent of the day’s trade for 1.73 million units and Grace Kennedy closing with 9.1 percent of the day’s volume after 1.27 million units changed hands.
Trading ended with an average of 331,704 units changing hands at $4,518,526 for each security compared to an average of 157,521 shares at $2,873,676 on Monday. The average trade for the month to date ended at 259,701 units at $4,135,150 for each security,in contrast to 253,170 units at $4,100,373. Trading month to date compares adversely to October’s average of 398,200 units at $4,622,532.
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 four with lower offers.
At the close of the market, Barita Investments rose to $84.80, with gains of 80 cents after trading 6,022 stock units, Caribbean Cement advanced by $1.01 to $59, in exchanging 9,327 stock units. Eppley Caribbean Property Fund climbed $4.80 to $43.80, with 380 units changing hands, First Rock Capital gained 50 cents to settle at $12.50, with 1,864 units crossing the market, JMMB Group rose 39 cents to $31.89, trading 60,673 shares. Key Insurance declined $1 to close at $7.20, after exchanging 270,373 shares, Kingston Wharves fell $1.50 to $47, with an exchange of 758 units, Margaritaville advanced by $7.33 to close at a record $56.23 with 10 units changing hands. 
Mayberry Jamaican Equities gained 93 cents with 9,000 stock units passing through the market to end at $7.93, NCB Financial climbed $3.50 to $142 after 462,307 units changed hands, 138 Student Living declined by $1.38 to $3.51, with the swapping of one stock unit, Proven Investments shed 80 cents to end at $39 after trading 3,894 stocks. Scotia Group rose by $1.23 to $47.95 with 254 units changed hands, Seprod ended at $62.50, with gains of $1.75 after investors switched ownership of 19,669 stock units, Supreme Ventures finished 50 cents higher at $16, in trading 43,509 shares and Victoria Mutual Investments gained 30 cents to settle at $5.40, with 84,799 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with 15 securities trading, up from sixteen on Monday, and ended with four stocks advancing, four declining and seven remaining unchanged. Trading resulted in 287,597 shares for $3,642,409 compared to 171,072 shares valued $3,576,359 on Monday.
Stocks declining│ Angostura Holdings shed 30 cents trading 120 units to close at $16, Grace Kennedy ended at $3.60, with a loss of 5 cents transferring 72,309 shares, Point Lisas slipped 15 cents to $3, with 25,000 shares changing hands and Trinidad and Tobago NGL lost 35 cents to close at $14.65, after exchanging 1,136 stock units.
At the close, the All Jamaican Composite Index advanced by 1,062.24 points to 415,313.86, the Main Index climbed 1,066.43 points to 378,895.26 and the JSE Financial Index lost 0.34 points to settle at 99.03.
Trading ends with an average of 157,521 units at $2,873,676 for each security, in comparison to an average of 297,192 shares at $8,760,017 on Friday. The average trade for the month to date ended at 253,170 units at $4,100,373 for each security, in contrast to 263,467 units at $4,232,434. Trading month to date compares adversely to October’s average of 398,200 units at $4,622,532.
Sagicor Group closed at $48, with a loss of $1 with 20,399 stock units changing hands, Scotia Group carved out a loss of $1.43, in ending at $46.72, after 726 units cleared the market, Seprod declined $3.25 to $60.75 after exchanging 11,015 units. Stanley Motta gained 45 cents to close at $5.60, with 380 units changing hands, Supreme Ventures lost 47 cents to close at $15.50 after exchanging 99,556 shares and Victoria Mutual Investments shed 58 cents in closing at $5.10, with 487,968 shares crossing the exchange.
The market closed with 16 securities trading, up from fifteen on Friday, and ended with six stocks advancing, six declining and four remaining unchanged. Trading resulted in 171,072 shares for $3,576,359 compared to 46,072 shares valued $498,067 on Friday.
Stocks declining│ Ansa McAL shed 50 cents to close at $48.50, trading 2,021 units, Massy Holdings dropped 37 cents to $57, after exchanging 55 units, NCB Financial Group lost 9 cents trading 450 units to finish at $7.90. National Enterprises declined 45 cents to a 52 weeks’ low of $3.40, in trading 100 units, Republic Financial Holdings dropped $1 to end at $139, with 370 units changing hands and Trinidad Cement closed 10 cents lower at $2.10, in trading 2,862 units.
The move in the Main Market continues the move gradually higher ahead of the year-end and is in keeping with bullish signs that points to more gains ahead.
The company is on target to earn 50 cents per share for the current financial year ending June 2021.
The PE ratio for the Junior Market Top 10 stocks average a mere 7.1 at just 54 percent to the Junior Market average. The Main Market TOP 10 stocks trade at a PE of 8.7 or 55 percent of the PE of that market.
At the close, the All Jamaican Composite Index shed 1,633.76 points to 414,251.62, the Main Index declined by 1,510.85 points to 377,828.83 and the JSE Financial Index slipped just 0.01 point to settle at 99.37. The average PE Ratio ended at 15.4 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading ended with an average of 297,192 units changing hands at $8,760,017 for each security, versus an average of 320,366 shares at $5,764,643 on Thursday. The average trade for the month to date ended at 263,467 units at $4,232,434 for each security, in contrast to 259,799 units at $3,740,044 on Thursday. Trading month to date compares adversely to October’s average of 398,200 units at $4,622,532.
MPC Caribbean Clean Energy dropped $5 in closing at $135 after clearing the market with 3,413 units. Palace Amusement declined $145.12 to end at $1,100.01, with 20 units crossing the exchange, Pan Jam Investment shed 51 cents to settle at $61 while trading 7,280 units, Portland JSX finished at $8, with a loss of 99 cents and 1,813 units trading. Proven Investments climbed $3.39 to $39.89 and finishing with an exchange of 38,609 shares, Sagicor Group fell $1 to $49 after 35,711 shares crossed the market, Scotia Group gained 40 cents to close at $48.15 trading 312,940 shares and Seprod ended 50 cents higher at $64, with an exchange of 12,704 stock units.
At the close, the All Jamaican Composite Index advanced 2,871.01 points to 415,885.38, the Main Index climbed 2,587.62 points to 379,339.68 and the JSE Financial Index added 1.05 points to settle at 99.38.
The average traded was 320,366 units changing hands at $5,764,643 for each security, compared to 575,470 shares at $4,947,800 on Wednesday. The average trade for the month to date ends at 259,799 units at $3,740,044 for each security, in contrast to 252,610 units at $3,499,735 on Wednesday. Trading month to date compares adversely to October’s average of 398,200 units at $4,622,532.
Scotia Group rose $1.75 to $47.75, after trading 80,862 shares, Seprod closed $1.50 higher at $63.50, with investors switching ownership of 29,826 stock units, Sygnus Credit Investments gained 80 cents to end at $17.80, in exchanging 554,552 units. Victoria Mutual Investments rose 38 cents to end at $5.79, with 99,884 shares changing hands and Wisynco Group gained 32 cents to close at $15.26 after 119,591 stocks passed through the market.
Stocks trading firm│CinemaOne exchanged 150 units at $4, Clico Investments closed at $25, in transferring 836 units, First Caribbean International Bank traded 20 units at $7.04. First Citizens Bank ended at $43.50, with an exchange of 2,990 stock units, Grace Kennedy closed at $3.65, with 57,006 shares crossing the market, Guardian Media traded 200 units at $4.25. One Caribbean Media held firm at $4.85, with a transfer of 90 units, Prestige Holdings exchanged 20 units at $7.25, Scotiabank held firm at $54.35, with 277 units changing hands. Trinidad Cement ended at $2.06, transferring 4,063 stock units and Unilever Caribbean closed at 16.80, with an exchange of 100 units.
At the close, the All Jamaican Composite Index lost 18.27 points and closed at 413,014.37, the Main Index shed 21.33 points to 376,752.06, but the JSE Financial Index gained 0.17 points to settle at 98.33.
Trading ended with an average of 575,470 units changing hands at $4,947,800 for each security, compared to 200,644 shares at $2,777,019 on Tuesday. The average trade for the month to date ends at 252,610 units at $3,499,735 for each security, in contrast to 205,389 units at $3,287,944. Trading month to date continues to compare adversely to October’s average of 398,200 units at $4,622,532.
Kingston Wharves rose $2.25 to $48.95 after clearing the market with 3,837 units. Mayberry Jamaican Equities gained 42 cents to close at $7.50, with 77,364 shares changing hands, MPC Caribbean Clean Energy dipped $8, in ending at $142 with the trading of 382 units, Pan Jam Investment gained 99 cents to close at $63.99, in trading 3,719 units. Proven Investments declined $2.43 to $36.07, with 4,000 units crossing the exchange, Salada Foods fell $1.90 to $26.39, after an exchange of just one tock unit, Scotia Group advanced $1.39 to $46, with the swapping of 159,766 shares. Seprod dropped $2 to $62 in exchanging 9,908 stock units, Supreme Ventures rose 44 cents to close at $15.89 trading 38,592 stock units and Sygnus Credit Investments lost 45 cents in closing at $17, with a transfer of 42,707 shares.