The Main Market of the Jamaica Stock Exchange continues to claw back losses resulting from the fallout from the dividend payout restrictions placed on banks for the rest of 2020, with the leading indices rising robustly for a fourth consecutive day.
The Jamaica Stock Exchange main market AJ index closing higher on Friday after bouncing from a higher low than the prior one. – positive indicator.
The market closed with 44 securities changing hands in the Main and US dollar markets with prices of 20 stocks advancing, 13 declining and 11 securities trading firm. The JSE Main Market activity ended with 40 securities accounting for 15,759,687 units valued at $268,967,167, in contrast to 22,545,407 units valued at $84,409,280 from 42 securities on Thursday.
Trans Jamaican Highway led trading with 5.4 million shares for 34 percent of total volume followed by Pulse Investments with 4.3 million units for 27 percent of the day’s trade and Barita Investments with 2.5 million units for 16 percent market share.
The Market closed with an average of 393,992 units valued $6,724,179 for each security traded, in contrast to 536,795 units valued at an average of $2,009,745 on Thursday. The average volume and value for the month to date amount to 340,094 units valued at $3,082,315 for each security changing hands, compared to 398,499 units with an average of $2,361,153. Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows eight stocks ending with bids higher than their last selling prices and five stocks closing with lower offers. The PE ratio of the market ended at 13.9, while the Main Market ended at 14.2 times 2020-21 earnings.In the Main Market, Barita Investments lost $2.85 in closing at $51, while trading 2,504,402 shares, Caribbean Cement jumped $6.01 to $52, after transferring 13,388 stock units, Eppley climbed $2.98 with 300 units changing hands at $14.98. Eppley Caribbean Property Fund dropped $3.01 to end at $30, after swapping 30,390 stock units, First Rock Capital traded 100 units at $11.40, after rising 40 cents, Grace Kennedy ended at $57.40, with a loss of 60 cents in transferring 160.565 shares. JMMB Group picked up 47 cents to settle at $33.98, after exchanging 156,708 shares, Key Insurance gained 49 cents to end at $9.50, in transferring 160,287 shares, Mayberry Jamaican Equities ended $1.40 higher at $9.90, with an exchange of 100 units.
NCB Financial Group added 50 cents to finish at $145.50, in trading 304,742 shares, Palace Amusement fell by $50 to $1,450, in swapping 238 units, Pulse Investments ended at $2.10, with a loss of 35 cents, with 4,295,911 shares changing hands. Sagicor Group shed 90 cents to finish at $45.50 trading 7,944 units, Scotia Group closed at $47.99, with gains of $3.99 transferring 949,370 shares, Seprod ended $1.99 lower at $44.01, with an exchange of 10,750 units. Supreme Ventures picked up 70 cents with the transfer of 171,031 shares and closed at $14.70, Sygnus Credit Investments gained 68 cents to end at $16.93, after swapping 33,349 stock units and Wisynco Group ended the day with a gain of 50 cents at $17.50, in trading 144,741 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Investors exchanged 95,096 units valued at just $15,597 in contrast to 1,253,326 shares valued US$240,737, on Thursday.
At the close of trading, the market was enjoying its third straight day of gains, with the JSE All Jamaican Composite Index climbing 2,698.18 points to 404,587.50, the JSE Market Index added 2,528.96 points to 368,889.50 and the JSE Financial Index gained 1.05 points to 99.14.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and six stocks closing with lower offers. The PE ratio of the market ended at 14, while the Main Market ended at 14.2 times 2020-21 earnings.
MPC Caribbean Clean Energy soared $15.50 to $175.50, after swapping 110 units, NCB Financial Group advanced by $3 to $145, with a transfer of 21,887 stock units. Palace Amusement tumbled to $1,500, after sustaining a loss of $200 in trading 122 shares, PanJam Investment advance by $4.70 to $77.70, with an exchange of 155 units, Pulse Investments gained 39 cents to finish at $2.45, after transferring 3,855,905 shares, following the release of nine months results. Scotia Group closed at $44, with a loss of 90 cents trading 71,618 stock units, Seprod ended $2 higher at $46, with 9,465 units crossing the exchange, Stanley Motta rose 54 cents to $5.14, after swapping 9,473 units. Supreme Ventures fell $1.10 to $14 after transferring 225,244 shares and Wisynco Group ended 65 cents lower at $17, with 1,327,496 shares changing hands.
Investors exchanged 1,253,326 shares valued at US$240,737, in contrast to 1,171,339 units for US$270,439 on Wednesday.
The Market closed with an average of 323,033 units at $2,225,976 for each security traded, in contrast to 230,295 units valued at an average of $2,034,185 on Tuesday. The average volume and value for the month to date amount to 362,134 units at $2,453,398 for each stock changing hands, compared to 375,605 units with an average value of $2,531,754 previously. Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
NCB Financial Group advanced $7 to $142, in trading 28,328 units, Palace Amusement dived $1,098 trading just three shares to close at $1,700, PanJam Investment declined by $4.50 to a 52 weeks’ low of $73, with 600,640 shares changing hands. Sagicor Real Estate Fund closed at $7.95, with gains of $1.26 with 800 units crossing the market. Salada Foods climbed $4.50 to $29 in exchanging 1,936 units, Scotia Group gained 65 cents to end at $44.90, with a transfer of 8,399 units. Seprod fell to $44, with a loss of $2.40 trading 15,369 units, Supreme Ventures closed 40 cents lower to $15.10, with 40,810 stock units changing hands, Sygnus Credit Investments gained $1.30 to reach $16.50, after swapping 33,390 stock units and Wisynco Group ended the 65 cents higher at $17.65, with a transfer of 449,719 shares.
Market activity resulted in three securities changing hands, with one stock rising and two declining as investors exchanged 1,171,339 shares with a value of US$270,439, in contrast to 785,696 units for US$170,640 on Tuesday.
At the close, the JSE All Jamaican Composite Index advanced 1,805.60 points to 399,034.14, the JSE Market Index gained 1,535.01 points to end at 363,775.87 and the JSE Financial Index lost 0.05 points to 97.36.
Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
NCB Financial Group sustained a loss of $7.50 to close at $135, after transferring 140,023 shares, 138 Student Living closed 69 cents lower to $6.31, in swapping 250 units, PanJam Investment picked up $1 to end at $77.50 trading 13,244 stock units. Sagicor Group ended at $46.50, with gains of $1.50 exchanging 316,045 shares, Salada Foods tumbled $4 to $24.50, after trading a mere one stock unit, Seprod advanced $2.40 to $46.40, with an exchange of 17,376 stock units. Stanley Motta fell by 60 cents to $4.70, in transferring 9,346 units, Supreme Ventures ended 90 cents lower at $15.50, after swapping 187,479 shares, Sygnus Credit Investments closed at $15.20, with a loss of 80 cents exchanging 103,586 shares and Wisynco Group lost 40 cents trading 168,450 shares to finish at $17.
Market activity resulted in just three securities changing hands, with one stock rising and two declining, leading in 785,696 units with a value of US$170,640, in contrast to 437,566 units amounting to US$61,748 on Monday.
At the close of trading, the JSE All Jamaican Composite Index declined by 3,268.96 points to 397,228.54, the JSE Market Index dropped 2,888.59 points to 362,240.86 and the JSE Financial Index lost 0.60 points to 97.41.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and six stocks closing with lower offers. The PE ratio of the market ended at 14.1, while the Main Market ended at 14.3 times 2020/21 earnings.
Mayberry Investments shed 40 cents to close at $5.40, in switching ownership of 74,079 shares, MPC Caribbean Clean Energy climbed $13 to $160 trading a mere 100 units. NCB Financial Group closed at $142.50, with a loss of $2.50 after transferring 115,522 shares, PanJam Investment lost 50 cents to close at $76.50, with 230 units changing hands, Proven Investments rose 49 cents exchanging 11,104 units to end at $36.50. Sagicor Real Estate Fund closed $1.25 lower to settle at $6.50, in swapping 6,438 units, Scotia Group added 50 cents to finish at $44.50, in trading 9,250 units, Seprod ended at $44, with a loss of 85 cents exchanging 6,938 units and Supreme Ventures added 50 cents to close at $16.40, trading 229,782 shares.
Market activity resulted in five securities changing hands, with two stocks rising and three declining, resulting in 437,566 units with a value of US$61,748, in contrast to 36,380 units for US$5,752 on Friday.