Investors pumped up the volume of shares trading on Tuesday, with a 23 percent increase pushed by 40 percent more funds higher than they did on Monday at the close of trading on the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index rallied 887.99 points to 441,748.67, the Main Index rose 875.77 points to 400,024.12 and the JSE Financial Index rallied 0.13 points to end at 96.62.
Trading ended with 53 securities similar to Monday, with 22 rising, 21 declining and 10 ending unchanged. The PE Ratio, a measure used in computing appropriate stock values, averages 15.9. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasted by ICInsider.com for companies with financial years ending between the current year and August 2022.
Trading resulted in an exchange of 12,270,585 shares for $83,634,712, up from 10,000,311 units at $59,648,996 on Monday. Wigton Windfarm led trading with 32.2 percent of total volume with a transfer of 3.95 million shares, followed by Transjamaican Highway, with 21.2 percent for 2.60 million units and Mayberry Investments 11 percent with an exchange of 1.35 million shares.
Trading averaged 231,520 units at $1,578,013, compared to 188,685 shares at $1,125,453 on Monday and month to date, an average of 239,592 units at $2,253,345, down from 241,013 units at $2,372,257 on Monday. October closed with an average of 251,350 units at $2,773,208.
Investor’s Choice bid-offer indicator shows ten stocks ended with a bid higher than their last selling prices and four with lower offers.
At the close, Barita Investments lost 32 cents to end at $92.98 in switching ownership of 9,641 shares, Caribbean Cement rallied $1.34 to $104.85 with 4,946 stock units changing hands, Eppley rose 99 cents in closing at $37.99 after trading 16 units. First Rock Capital fell 50 cents to close at $11.45 with an exchange of 52,964 stocks, GraceKennedy spiked $1 to $99 after 194,437 shares cleared the market, Guardian Holdings advanced $2.99 to $539.99 in trading 213 stock units. Jamaica Producers popped $1.70 to $23.45 with 1,633 stocks crossing the exchange, Jamaica Stock Exchange gained 56 cents ending at $17.56 with the swapping of 28,342 units, Key Insurance lost 26 cents in closing at $4.12 with 2,016 stocks changing hands. Kingston Properties rose 50 cents to close at $8.50 in trading 138,717 shares, Kingston Wharves fell 95 cents to $46 after exchanging 248 units, Mayberry Investments shed $1.71 to end at $7.06, with 1,346,670 shares crossing the market. MPC Caribbean Clean Energy advanced $5 to $115 with a transfer of 15 stock units, Palace Amusement climbed $19 to $1,019 after exchanging 102 units, PanJam Investment spiked $6.90 to close at $69.90 in trading 2,111 shares. Sagicor Real Estate Fund shed 60 cents in closing at $8 in switching ownership of 54,271 stocks, Salada Foods shed 56 cents to close at $7 with 27,736 stock units crossing the market, Scotia Group gained 28 cents to end at $36.49 with the swapping of 57,141 shares. Seprod advanced $3.10 to $63.25 after trading 7,942 stocks, Sygnus Real Estate Finance lost 50 cents to $17.50 in transferring 1,990 units and Wisynco Group slipped 39 cents to $16.61 switching ownership of 301,777 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.