Main Market stocks ended trading with another day of substantial gains on Tuesday, after the market reopened from the closure for the Easter holidays and enjoyed seven consecutive days without losses with the market has recovered 67,814.67 points or 18 percent since the March 25 low of 375,091.09.
The main market of the JSE is climbing back nicely but watch 485,000 points level for possible resistance.
The market closed with 53 securities changing hands in the Main and US dollar markets with prices of 22 stocks advancing, ten declining and 21 securities trading firm. The JSE Main Market activity ended with 46 securities accounting for 21,215,763 units valued at $102,509,485, in contrast to 37,271,624 units valued at $443,203,847 from 41 securities on Thursday.
Trans Jamaican Highway led trading with 11.7 million shares for 55 percent of the day’s total volume followed Pulse Investments with 2.03 million units for 9.6 percent of the day’s trade and Wigton Windfarm with 1.9 million units for 9 percent of the market’s volume. Other stocks trading more than one million shares were Carreras with 1.04 million units and Sagicor Select Financial Fund with 1.4 million units.
The Market closed with an average of 461,212 units valued at $2,228,467 for each security traded, in contrast to 909,064 units valued at an average of $10,809,850 on Thursday. The average volume and value for the month to date amount to 728,184 units valued at $4,031,021 for each security changing hands, compared to 765,512 units valued at $4,319,932 for each security traded. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows seven stocks ending with bids higher than their last selling prices and four stocks closing with lower offers. The PE ratio of the market ended at 14.6, while the Main Market ended at 15 times 2020/21 earnings.
In the Main Market activity, Berger Paints gained $1.85 to close at $14, in trading 1,101 stock units, Caribbean Cement advanced $5.50 to $48, with 43,801 units changing hands, Eppley shed 75 cents exchanging 90,600 shares to finish at $17. Eppley Caribbean Property Fund closed $2.67 higher at $36, in swapping a mere ten stock units, First Rock Capital rose 50 cents to $11, with an exchange of 24,754 units. Jamaica Producers lost 35 cents transferring 9,128 shares and closed at $20.15,
Jamaica Stock Exchange ended $2.39 higher at $24.74, after swapping 16,514 units, JMMB Group closed at $39, with gains of $1 exchanging 73,496 shares. MPC Caribbean Clean Energy soared $44 to $184, with 375 stock units crossing the exchange, 138 Student Living added 30 cents to reach $7, in transferring 52,564 units, Proven Investments fell $3.95 to $34.05, in swapping 185,350 shares. Sagicor Group closed $2.50 higher to $53.50, in an exchange of 60,754 units, Scotia Group gained 35 cents to finish at $47.95 after trading 20,574 stock units, Seprod declined by $2 to $47, with 101,771 shares changing hands. Supreme Ventures rose $1.99 to $18.99, in transferring 65,409 shares, Sygnus Credit Investments shed 40 cents trading 153,409 shares and closed at $17.60 and Wisynco Group added 49 cents to end at $19.49, with 336,917 shares crossing the exchange.
Prices of securities trading are those for the day’s last transaction unless otherwise stated.
The market closed with three stocks rising, the price of one declining and three stocks closing unchanged. The market ended with 285,192 units valued at US$123,486 changing hands, in contrast to 147,823 units for US$12,944 on Thursday from just three stocks. At the close, the market index gained 0.62 points to end at 202.99 and the PE ratio ended at an average of 13.6 times 2020 earnings.
Within half an hour of trading, the Junior Market Index crossed over the 2,700 points mark to 2,706.06 and is up 63.25 points from Thursday close and is ahead of the March 5 ending of 2,656.41 points but lower than the close on March 4 of 2,758.76, but is some distance from the February close of 2,911.92.
The share price tumbled over the past month with the fall in the overall market, in sympathy with the fall in the net asset value per share to a low of 80 cents on March 20 but recovered some lost ground to close on April 3, at 93 cents per share. The stock traded on the Jamaica Stock Exchange as low as 63 cents on March 10 with that price proving to be a bottom so far. The price moved upwards to close on Thursday at 83 cents for a rise of almost 32 percent since the low in March.
The Market closed with an average of 909,064 units valued at $10,809,850 for each security traded, in contrast to 543,596 units valued at $2,706,411 on Wednesday. The average volume and value for the month to date amount to 765,512 units valued at $4,319,932 for each security changing hands, compared to 745,075 units valued at $3,238,279 for each security traded. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
Portland JSX exchanged 16,000 units and rose 80 cents to end at $8.10. Proven Investments shed 50 cents to finish at $38, in swapping 3,000 shares, Sagicor Group picked up 50 cents to reach $51, with an exchange of 5,271,009 stock units, Salada Foods dropped $4.30 to close at $28.40 trading 121,898 shares. Seprod added $1 and closed at $49, after transferring 26,237 units, Supreme Ventures exchanged 201,920 shares after rising 99 cents to close at $17, Sygnus Credit Investments traded 147,833 shares and gained 50 cents to end at $18. Victoria Mutual Investments ended at $9, with gains of $1 after trading 858,125 shares and Wisynco Group closed $1.50 higher at $19, in exchanging 2,848,031 shares.
In contrast, March closed with an average of 226,230 units, valued at $542,563 for each security traded.
iCreate closed trading of 8,975 units and gained 2 cents to end at 58 cents, Indies Pharma lost 28 cents in trading 39,989 stock units to settle at $2.60, Iron Rock Insurance exchanged 55,000 shares and added 1 cent to end at $3. Jetcon Corporation dipped 7 cents in trading 3,031 units at $1.09, Knutsford Express lost 70 cents in trading 1,002 shares to close at $8.30. Lasco Manufacturing climbed 5 cents and exchanged 208,750 shares at $4.28, Limners and Bards fell 11 cents to $2 with 81,159 units crossing the market, MailPac closed trading of 5,207,096 units and gained 3 cents to end at $1.78 and Main Event closed with a loss of 19 cents at $4.81 with 51,109 shares crossing the exchange.
Market activity resulted in three securities changing hands and ended with no stock gaining while one stock declined and two stocks trading with the price unchanged. The volume of shares traded was 147,823 units with a value of US$12,944, in contrast to 291,094 units for US$266,784 on Wednesday.
At the close, the JSE All Jamaican Composite Index climbed 5,606.53 points to 432,124.95, the JSE Market Index advanced 4,975.85 points to 393,629.79 and the JSE Financial Index gained 1.02 points to 106.63.
Trans Jamaican Highway led trading with 10.3 million shares for 47.6 percent of total volume, Wigton Windfarm followed with 3 million units for 14 percent of the day’s trade and Sagicor Select Financial Fund with 2.6 million units for 12 percent market share. Wisynco Group, the only other stock trading more than one million units, in exchanging 1.2 million shares.
The PE ratio of the overall market ended at 14.2, while the Main Market ended at 14.5 times 2020/21 earnings.
At the close of the market, Blue Power exchanged 25,109 shares after rising 15 cents to end at $4.33, Caribbean Assurance Brokers traded 20,300 shares and rose 28 cents to close at $2.19, Caribbean Cream dipped 24 cents in swapping 9,542 units at $2.50. Caribbean Producers closed trading of 510,860 units and gained 20 cents to end at $2.90, Consolidated Bakeries added 7 cents to end at $1.79 with 102,400 shares changing hands, Dolphin Cove closed trading of 8,821 units and gained 3 cents to settle at $7.80, Elite Diagnostic shed 2 cents in trading of 42,386 units at $4.97. Everything Fresh ended at 95 cents after shedding1 cent and exchanging 10,191 shares, Express Catering jumped 50 cents and traded 25,350 shares at $3.70, Fontana closed 35 cents higher at $6.35 with 1,555,291 units changing hands. Fosrich gained14 cents and exchanged 1,250 shares at $3.49, General Accident declined by 46 cents to settle at $5.20 with 12,000 units traded, GWest Corporation ended with a loss of 1 cent at 89cents with 1,800 stock units changing hands. iCreate dipped 2 cents in trading 24,065 units at 56 cents, Indies Pharma closed trading of 61,924 units and gained 8 cents to end at $2.88, Iron Rock Insurance fell 1 cent to $2.99 with 9,500 stock units crossing the exchange. Jamaican Teas closed trading of 371,802 units and added 1 cent to finish at $4, KLE Group climbed 25 cents after exchanging 3,000 shares at $1.70, Knutsford Express dipped 15 cents to $9 with 3,332 units traded. 
Lasco Financial ended with a loss of 1 cent at $3.24 with 45,675 stock units changing hands, Lasco Manufacturing closed 3 cents higher at $4.23, with 228,919 shares trading, Limners and Bards shed 5 cents in trading of 16,950 units at $2.11. Lumber Depot fell 3 cents in trading of 235,061 units at $1.20, Medical Disposables climbed 12 cents and exchanged 5,849 shares at $7.50, Paramount Trading exchanged 28,788 units and gained 19 cents to end at $2.24. SSL Venture slipped 7 cents to 98 cents in the trading 1,450 shares, Stationery and Office Supplies lost 15 cents swapping 16,100 units to settle at $7 and tTech closed 75 cents higher at $4.25, with 500 stock units crossing the exchange.
