The market index jumped sharply on the Jamaica Stock Exchange Main Market on Monday, with the usual month-end rally market, after an equal number of stocks recorded gains and losses as 60 percent fewer shares changed hands than Friday, with a 51 percent lower value.
At the close, the All Jamaican Composite Index climbed 4,681.28 points to 405,730.79, the Main Index bounced 4,232.34 points to end at 370,282.72 and the JSE Financial Index gained 1.36 points to close at 97.69.
Trading ended with 38 securities changing hands compared to 42 companies on Friday with the prices of 16 stocks rising, 15 declining and six remaining unchanged. The average PE Ratio of the market ended at 15.5 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 24,003,466 shares for $161,278,819 compared to 59,567,739 units at $313,340,083 on Friday. Transjamaican Highway led trading with 13.5 million shares for 56.2 percent of total volume, followed Wigton Windfarm with 7.06 million units for 29.4 percent of the day’s trade and NCB Financial Group with 637,827 units for 2.7 percent market share.
Trading ended with an average of 631,670 units changing hands for the day at $4,244,179 for each security, in comparison to an average of 1,418,280 shares for $7,460,478, Friday. 
The average trade for the month to date ended at 497,441 units at $3,201,934 for each security, in contrast to 491,213 units at $3,153,576. Trading for the month to date is well ahead of July, which closed with an average of 392,128 shares for $2,444,356.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows 11 stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Caribbean Cement gained $3 to end at $47 with investors trading 4,333 stock units, Eppley closed at a record $24, after gaining $2 in exchanging 183,636 shares, First Rock Capital fell $1.49 to $12 trading 12,668 stock units. Jamaica Broilers Group finished $1 higher at $25 in transferring 158,552 shares, Jamaica Producers Group shed 70 cents to close at $20.30, exchanging 182,763 shares, Jamaica Stock Exchange climbed $1.71 to settle at $20.99, with 216,095 shares crossing the market. JMMB Group gained 97 cents to end at $30.50 in trading 25,598 stock units,
Key Insurance lost 39 cents to settle at $7.21, with 8,947 units changing hands, NCB Financial Group carved out a gain of $2 to close at $140 with investors swapping 637,827 shares. PanJam Investment advanced $5.90 to $71, after exchanging 5,950 stock units, Proven Investments rose $1.99 to settle at $37.99, in 2,802 units changing hands. Sagicor Group finished $2.42 higher at $46.42, with an exchange of 275,545 shares, Scotia Group climbed $3.49 to $50.49, in exchanging 29,922 stock units, Seprod shed $1.50 to close at $53.50, having traded 15,713 stock units. Sygnus Credit Investments rose 35 cents to close at $15.35 with 128,320 shares passing through the market and Wisynco Group lost 50 cents to close at $16 and 200,997 shares changing hands.
In the preference segment of the main market, Productive Business Solutions 9.75% preference share fell $12 to close at $95 after exchanging just one stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close, the All Jamaican Composite Index declined by 861.11 points to 401,049.51, the Main Index shed 775.38 points to settle at 366,050.38 and the JSE Financial Index lost 0.43 points to close at 96.33.
QWI Investments traded 2.55 million units accounting for 4.3 percent of Main Market volume and Sagicor Select Financial Fund ended trading, with 2.39 million shares and 4 percent of the volume.
Jamaica Stock Exchange climbed $1.75 to settle at $19.28, after exchanging 4,688 stock units, JMMB Group shed 47 cents and closed at $29.53 with a transfer of 118,347 shares, Mayberry Investments ended 68 cents lower at $5.32, after exchanging 1,250 units. NCB Financial Group rose $1.99 to settle at $138, with 168,962 shares changing hands, PanJam Investment dropped $5.90, in closing at $65.10 as investors swapped 2,754 units, Portland JSX rose 62 cents to finish at $8.50, with investors switching ownership of 7,519 stock units. Proven Investments ended at $36, after losing 50 cents, with an exchange of 566 units, Sagicor Group fell $1 to $44, in trading 19,418 shares, Seprod carved out a gain of $1 to end at $55, with an exchange of 46,826 stock units. Sygnus Credit Investments lost 60 cents to close at $15, with investors trading 63,968 units and Victoria Mutual Investments closed 30 cents lower to end at $6.60, with 41,506 shares changing hands.
At the close, the All Jamaican Composite Index shed 1,900.02 points to settle at 401,910.62, the Main Index declined by 1,720.64 points to close at 366,825.76 and the JSE Financial Index shed 0.39 points to settle at 96.76.
Trading month to date is well ahead of July with an average of 392,128 shares for $2,444,356.
JMMB Group carved out a loss 50 cents to close at $30, with 44,422 stocks crossing the market, Kingston Properties shed 40 cents in closing at $7.20 with an exchange of 169 stock units. Kingston Wharves rose 95 cents to close at $50 in exchanging 572,067 stocks, NCB Financial Group dropped $3.97 to end at $136.01 after trading 158,851 shares, Palace Amusement dropped by $50 in closing at $1700 crossing the market one stocks. PanJam Investment gained $6 to end at $71 in trading 1,520 stocks, Proven Investments advanced 40 cents to $36.50 with investors swapping 20,001 stock units, Sagicor Group shed 50 cents to close at $45 after exchanging 18,139 units. Scotia Group dropped by $2.50 in ending at $47, with an exchange of 112,320 shares and Victoria Mutual Investments gained 40 cents and closed $6.90, with investors switching ownership of 117,840 units.
Transjamaican Highway led trading with 11.06 million shares for 48.8 percent of total volume followed by Sagicor Real Estate Fund with 5.38 million units for 23.7 percent of the day’s trade, QWI Investments with 1.55 million units for 6.8 percent market share and Wigton Windfarm ended with 1.17 million shares changing hands for 5 percent of total shares changing hands.
Eppley Caribbean Property Fund gained 50 cents to end at $50 after 6,411 units passed through the market, Grace Kennedy carved out a loss $1.48 to settle at $55.01, with 99,348 stocks passing through the market, Jamaica Broilers Group gained $1.30 to end at $24.80 in exchanging 6,351 stock units. Jamaica Stock Exchange lost 80 cents to settle at $19 after 23,485 stocks crossed the exchange, MPC Caribbean Clean Energy shed $5 to close at $150 in an exchange of 66 shares, NCB Financial Group gained $1.48 in closing at $139.98, trading 728,385 stocks. Proven Investments dropped by $1.90 in closing at $36.10, with 700 stock units changing hands, Sagicor Group gained $1.45 to close at $45.50, after 266,558 stocks passed through the market, Scotia Group jumped $4.50 to close at $49.50 with an exchange of 36,229 stock units and Seprod advanced by $2.99 in closing at $54 and exchanging 7,026 shares.
Sagicor Select Financial Fund with 1.3 million units or 10.8 percent of overall trade and QWI Investments with 1.2 million stock units for 10 percent of stocks trading.
Eppley jumped $3.18 to settle at 52 weeks’ high of $21 with an exchange of 40,535 units. Jamaica Broilers Group carved out a gain of $2 to close at $25 while trading 2,197 stocks, Jamaica Producers Group fell $2.48 to end at $20.50 with investors swapping 193,306 units, JMMB Group dropped by $1.27, in ending at $30.03 after 24,388 stocks passed through the market. Mayberry Jamaican Equities lost 46 cents in closing at $8.29, with 153 units changing hands, MPC Caribbean Clean Energy gained $2.99 to end at $155, after an exchange of 1,587 units, PanJam Investment declined $3 to end at $65 and cleared the market with 11,980 stock units. Proven Investments climbed $1.90 to $36 after trading 23,024 shares, Scotia Group carved out a loss $2.49 to end at $45.51 with investors switching ownership of 245,287 stock units and Wisynco Group fell 40 cents to close at $16.50 while exchanging 17,470 stocks.
Trading for the day ended with an average of 229,432 units changing hands for the day at $1,207,987 for each security, in comparison to an average of 441,246 shares at $1,282,200 on Thursday. The average trade for the month to date ended at 460,700 units at $2,591,884, in contrast to 479,152 units at $2,702,302. Trading month to date compares adversely to July with an average of 392,128 shares for $2,444,356.
Jamaica Stock Exchange fell 35 cents to settle at $20.14 with 3,815 stock units traded, JMMB Group advanced 60 cents to close at $31.30 with investors switching ownership of 38,865 units, Kingston Properties finished 40 cents higher at $7.60 with 250 stock units changing hands. Kingston Wharves declined by 90 cents to end at $49.10 with an exchange of 3,134 units, NCB Financial Group increased by $1 to close at $139, with 30,821 stocks traded, PanJam Investment climbed $3.50 to end at $68 with investors transferring 932 stock units. Proven Investments carved out a loss of $1.75 to finish at $34.10 with 40,514 stock units changing hands, Scotia Group climbed $1.75 to settle at $48 in the exchange of 27,903 stock units, Seprod dropped 50 cents to end at $54.50 with 5,874 stock units traded and Wisynco Group carved out a loss of 50 cents to close at $16.90 with 48,649 stock units crossing the exchange.
At the close, the All Jamaican Composite Index dropped by 223.64 points to settle at 401,551.48, the Main Index declined by 383.35 points to end at 366,312.01, the JSE Financial Index lost 0.10 points to settle at 95.85.
Trading ended with an average of 441,246 units changing hands at $1,282,200 for each security, in comparison to an average of 871,770 shares at $7,874,805 at the close on Wednesday. The average trade for the month to date ended at 479,152 units at $2,702,302 for each security, in contrast to 482,123 units at $2,813,629. Trading month to date compares well, with a July average of 392,128 shares for $2,444,356.
Key Insurance declined by 30 cents in closing at $8.09 with investors swapping 4,549 stock units, Kingston Wharves gained $1 to close at $50 after trading at 4,058 shares, Mayberry Investments rose 39 cents to end at $6 and crossing the exchange, with 424,095 stocks. Mayberry Jamaican Equities advanced 46 cents to $8.75, after exchanging 250 shares, Palace Amusement rose $198 to settle at $1750, with 33 units clearing the market, PanJam Investment fell 50 cents in closing at $64.50 in an exchange of 1,366 shares. Proven Investments increased $1.83 to settle at $35.85 in exchanging 3,100 stocks, Seprod carved out a gain of 85 cents to end at $55, after 9,670 shares passed through the market and Wisynco Group increased 85 cents to end at $17.40 in exchanging 9,404 stock units.
Also trading over a million units are Pulse Investments with 1.55 million shares and Sagicor Select Financial Fund 1.25 million units.
Kingston Properties gained $1.04 to end at $7.20 in an exchange of174 stocks, Kingston Wharves dropped by $5 to close at $49 changing hands 600 units, NCB Financial Group increased $7 to close at $138 after exchanging 98,898 shares. 138 Student Living declined by $1.18 ending at $5.80 after exchanging 325 units, PanJam Investment fell $7 in ending at $65 and exchanging 205 stock units, Proven Investments lost $1.92 to end at $34.02, with 200 stock units changing hands, Scotia Group increased 50 cents to settle at $46.50 with investors swapping 1,500 units. Seprod lost 85 cents to close at $54.15 with an exchange of 325 units and Wisynco Group dropped by 70 cents in closing at $16.55 after exchanging 50,260 stock units.
At the close, the All Jamaican Composite Index lost 1,959.50 points to settle at 403,412.62, the Main Index shed 1,852.03 points to close at 368,158.32 and the JSE Financial Index dipped 0.13 points to end at 95.96.
Trading month to date compares well, with July that ended with an average of 392,128 shares for $2,444,356.
Mayberry Investments advanced by 75 cents in closing at $5.85, with 36,930 units passing through the market, MPC Caribbean Clean Energy lost $10.99 to close at $152.01 after exchanging 123 stock units, NCB Financial Group declined by $7.50 to close at $131 and finishing with 199,286 stock units crossing the exchange. Palace Amusement rose 50 cents to close at $1,552 after clearing the market with 19 units, PanJam Investment climbed $2 to close at $72 with investors swapping 3,804 stocks, Proven Investments rose $2.04 to close at $35.94 and finishing trading of 18,376 shares. Salada Foods carved out a gain of $1 to settle at $29 with investors swapping 50 units, Scotia Group rose $1 to end at $46, with 1,660 stock units changing hands, Seprod carved out a gain of $1 to settle at $55 in trading 16,225 stock units. Stanley Motta fell 33 cents in finishing at $4.80 trading 1,000 stocks and Sygnus Credit Investments lost 39 cents to end at $15.50, with 22,258 shares clearing the market.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows one stock ended with the bid higher than the last selling price and three with lower offers.
Mayberry Jamaican Equities lost 65 cents to end at $8.10 with an exchange of 7,945 shares, MPC Caribbean Clean Energy climbed $11 to $163 in trading just one share, Palace Amusement dropped $138.50 to $1,551.50, with nine units crossing the market. PanJam Investment lost $2 to end at $70 trading 3,160 units, Portland JSX advanced by 38 cents to close at $7.88 with an exchange of 9,700 stocks, Salada Foods rose $3 to $28 in trading 13,594 stock units. Scotia Group gained 95 cents in ending at $45 while exchanging 11,930 stock units and Seprod lost 99 cents to end at $54 and crossing the exchange with 26,126 stocks.