Trading continued on Tuesday where it left off Monday, resulting in a second day with 50 securities, changing hands and ended with 20 stocks rising, 19 declining and 11 remaining unchanged, resulting in a rise in the market after more stocks rose than declined, with an exchange of 75 percent more shares valued 33 percent higher than on Monday, at the close of the Jamaica Stock Exchange Main Market.
At the close of trading, the All Jamaican Composite Index climbed 678.47 points to finish at 457,678.01, just a few thousand points away from resistance around the 460,000 mark. The JSE Main Index rose 718.60 points to end at 424,776.60 and the JSE Financial Index popped 0.30 points to 105.48.
The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 16.4 based on ICInsider.com’s 2021-22 earnings forecast.
The market closed with 12,597,611 shares trading for $165,913,276 versus 7,181,910 units at $124,879,752 on Monday. Wigton Windfarm led trading with 54.7 percent of total volume for 6.90 million shares, followed by Sagicor Select Financial Fund with 8.8 percent after trading 1.1 million units and Sygnus Credit Investments with 8.1 percent for 1.02 million units.
Trading averaged 251,952 units at $3,318,266, up from 143,638 shares at $2,497,595 on Monday. Trading month to date averages 238,535 units at $4,213,605, in contrast to 235,716 units at $4,401,702 on Monday. May ended with an average of 439,937 units at $4,698,961.
Investor’s Choice bid-offer indicator shows eleven stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments shed 74 cents in ending at $84.50 with 74,783 stock shares crossing the market, Caribbean Cement fell $2 to $93, with 6,950 stocks clearing the market, Eppley rallied $1 to $36 in exchanging 9,253 units, First Rock Capital fell 38 cents to $16.10 after transferring 8,982 units, Grace Kennedy spiked $3.40 to $91 with 196,583 shares clearing the market. Guardian Holdings popped $20 to $760 with the swapping of 93,614 stocks, Jamaica Broilers slipped 60 cents to $33.60 in exchanging 4,852 units, Jamaica Stock Exchange rose 20 cents to $17.20 with 10,170 stocks crossing the market. JMMB Group popped 24 cents higher to $31.94 in exchanging 178,970 shares, Key Insurance shed 33 cents in closing at $5.07 in switching ownership of 341,486 stock units. Kingston Properties jumped $1.04 to $9.50 with a transfer of 11,343 units, Kingston Wharves closed 50 cents lower at $46 trading 9,637 stock units, Mayberry Jamaican Equities gained 25 cents in closing at $8.75 after exchanging 1,000 units, MPC Caribbean Clean Energy dropped $8.93 to $116.07 in trading 156 stock units, NCB Financial spiked $5 to $148 with 100,722 shares changing hands. Palace Amusement nosedived $148.56 to $1,000 in switching ownership of 378 units, PanJam Investment slid $1 to $68 in exchanging 1,997 stock units, Proven Investments rallied $1.47 to $37 with a transfer of 15,719 units. Sagicor Group fell 70 cents to $52.05 after 91,205 stock units crossed the exchange. Sagicor Real Estate Fund shed 64 cents to $8.35 with the swapping of 15,100 shares, Scotia Group gained 55 cents to $41.55 in trading 10,068 stocks. Seprod rose $1.02 to $73.02 in an exchange of 19,247 stock units, Supreme Ventures popped 90 cents higher to $20.90 in switching ownership of 26,108 units and Sygnus Credit Investments rallied 70 cents to $15 in trading 1,016,997 stocks.
In the preference segment, JMMB Group 7.15% – 2028 fell 35 cents to $2.90 trading 14,000 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.