Stocks raced 3,011 points ahead of the 425,748.98 close on Friday within 12 minutes of the market’s opening and pushed the All Jamaican Composite Index to 428,759.90 on the Jamaica Stock Exchange Main Market on Monday, but the market ended the day with a modest rise after more stocks gained than fell.
At the close, the All Jamaican Composite Index rose 204.81 points to 425,953.79, the Main Index advanced by 284.47 points to 388,747.9 and the JSE Financial Index gained 0.31 points to settle at 102.82.
Trading ended with 41 securities changing hands compared to 36 on Friday and closed with the prices of 21 stocks rising, nine declining and 11 remaining unchanged. The average PE Ratio ended at 15.8 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 38 percent fewer shares than on Friday, after 27,815,530 shares traded for $166,571,949 compared to 44,980,918 units at $1,341,663,306 on Friday. Sagicor Select Financial Fund led trading with 53.9 percent of total volume, after exchanging 14.98 million shares followed by Wigton Windfarm with 13.5 percent for 3.76 million units. 
Transjamaican Highway controlled a 12.7 percent market share with 3.54 million units and Sagicor Select Manufacturing & Distribution Fund accounted for 3.6 percent of the day’s trade in closing with one million units changing hands.
The average trade was 678,428 units for $4,062,730, compared to an average of 1,249,470 shares at $37,268,425 on Friday. The average trade for the month to date ends at 346,635 units at $7,073,555 for each security, in contrast to 324,765 units at $7,272,017. October averaged 398,200 units at $4,622,532.
The Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and four with lower offers.
At the market closing, Barita Investments gained 50 cents in closing at $84.50, after 11,863 shares cleared the market, Caribbean Cement advanced $1.33 to $58 in trading 2,631 units, Eppley gained $4.98 to $25, with 28,065 stock units changing hands. Eppley Caribbean Property Fund rose 75 cents to $41.50, with 1,350 units crossing the exchange, First Rock Capital gained 30 cents to end at $13 after an exchange of 19,470 stocks, Jamaica Broilers shed 60 cents to settle at $6.40 in trading 6,876 units. Jamaica Producers ended at $20.06, with gains of 36 cents after exchanging 1,067 stock units, Jamaica Stock Exchange rose 87 cents to $19.87, with investors swapping 12,561 shares, Key Insurance jumped $1.81 to $9.11, trading 42,172 units. 
Mayberry Jamaican Equities shed 80 cents to settle at $7, after transferring 3,098 units, NCB Financial declined $1.48 to$148.50, in crossing the exchange with 714,826 shares, Palace Amusement climbed $34.99 to $1,300, with 2 units changing hands. Salada Foods fell $2.50 to $25, with 5,139 stock units crossing the market, Scotia Group rose 85 cents to end at $46.85, exchanging 10,778 shares and Seprod gained $1 to close at $63 trading 19,472 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with 14 securities trading, up from twelve on Friday, and ended with four stocks advancing, six declining and four remaining unchanged. Trading resulted in 382,748 shares for $1,536,872.54 compared to 172,050 shares valued $3,148,874 on Friday.
First Citizens Bank fell 25 cents to $43.25, trading 2,694 stock units. JMMB Group lost 3 cents to close at $1.72, with an exchange of 340,668 shares, National Enterprises lost 1 cent to finish at $3.39 and exchanging 1,000 units and Unilever Caribbean ended at $16.79, after losing 1 cent trading 100 shares.
Transjamaican Highway controlled 4 percent market share, with 1.78 million units Sagicor Select Financial Fund accounted for 3.7 percent with 1.65 million units and Wigton Windfarm controlled 3.5 percent of the market with 1.57 million units.
MPC Caribbean Clean Energy dropped $7.01 in closing at $138 trading 836 units, Pan Jam Investment closed at $65, with gains of $1.76, trading 147,995 shares, Proven Investments shed 50 cents in closing at $38, with 10,286 stock units changing hands. Sagicor Group finished at $48, after losing 50 cents exchanging 151,507 shares and Scotia Group rose 80 cents to settle at $46 trading 5,512 units.
With the sharp fall in the price of Republic, the T&T Composite Index declined 8.19 points to 1,281.45, the All T&T Index dived 16.26 points to 1,710.45, while the Cross Listed Index remained unchanged at 115.25.
Stocks declining│Ansa McAL lost 2 cents exchanging 25,200 shares to end at $48.48, Clico Investments closed 5 cents lower at $25 trading 46,827 shares, Republic Financial Holdings declined by $6.24, with 1,642 units changing hands, to close at $132.76 and Scotiabank shed 25 cents to end at $54.10, with 525 units crossing the market.
At the close, the All Jamaican Composite Index dropped 2,741.60 points to 424,462.68, the Main Index fell by 2,536.99 points to 387,308.51 and the JSE Financial Index lost 0.60 points to settle at 102.63.
Trading averaged 263,137 units changing hands at $9,978,750 for each security, compared to 366,759 shares at $16,456,068 on Wednesday. Month to date average trade ends at 267,957 units at $5,429,235 in contrast to 268,282 units at $5,122,619 on Wednesday. Trading for October averaged 398,200 units at $4,622,532.
Jamaica Stock Exchange rose 68 cents to settle at $19, with investors switching ownership of 36,204 shares, Kingston Wharves dropped $3.90 to $45 in trading 55,000 shares, Palace Amusement dived $34.99 to $1,265.01, in an exchange of 42 units. Pan Jam Investment shed 76 cents to end at $63.24 after trading 5,898 units, Proven Investments settled at $38.50, with gains of $1.64, in clearing the market with 2,642 units, Sagicor Group gained 40 cents to close at $48.50, with 38,536 shares crossing the exchange. Seprod ended at $62, with a loss of 50 cents trading 5,503 units and Supreme Ventures rose 55 cents to $15.90, with an exchange of 26,291 stock units.
Stocks trading firm│ First Caribbean International Bank exchanged 1,212 units at $7.05, Guardian Holdings held firm at $20.78 trading 12,684 stock units, NCB Financial Group remained at $7.95, with 96,018 shares crossing the market. National Enterprises held firm at $3.40 in a transfer of 10,000 stock units, National Flour traded 49,071 shares at $1.84, One Caribbean Media exchanged 20,600 stock units at $4.85. Prestige Holdings ended at $7.40, with 14 units changing hands, Republic Financial Holdings transferred 20 units at $139, Scotiabank held firm at $54.35, in crossing the market with 1,309 units and Trinidad Cement closed at $2.10, with 800 units changing hands.
The average trade amounts to 366,759 units at $16,456,068 for each security, compared to an average of 331,704 shares at $4,518,526 on Tuesday. The average trade for the month to date ended at 268,282 units at $5,122,619 for each security, in contrast to 259,701 units at $4,135,150 on Tuesday. Trading for October averaged 398,200 units at $4,622,532 .
NCB Financial climbed $8 to $150, with 2,760,546 shares changing hands, Pan Jam Investment advanced by $2.84 to $64 after exchanging 11,719 units, Proven Investments declined by $2.14 in closing at $36.86, in trading 2,900 units. Salada Foods shed 79 cents to end at $27.50, with an exchange of 260 units, Scotia Group fell by $2.89 in closing at $45.06, with 172,829 shares changing hands and Supreme Ventures lost 65 cents to end at $15.35, after 27,135 stock units passed through the market.
Stocks declining│First Citizens Bank finished at $43.39, with a loss of 11 cents trading 65 units, L.J. Williams B share shed 17 cents exchanging 500 units to settle at $1.23 and Prestige Holdings closed at $7.40, after losing 10 cents, with 586 units changing 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.
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.
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.
