Main Market indices spiked on Thursday on reduced trading to close at the highest level since March 11 last year, with the All Jamaican Composite Index rocketed up 6,361.57 points to 458,032.39 and bettering the March 11 close of 556,092.64, still below the previous day’s 460,418.78 points close.
The parallel black lines form a channel for the JSE All jamaica Composite Index with the index now touching the top line. (Resistance).
The JSE Main Index spiked 5,470.02 points 425,630.09, just ahead of March 10, 2020, close, but below that of March 9 at 436,435.40 and the JSE Financial Index rose 1.42 points to settle at 105.90. The market is trading right up on the upper level of resistance of an upward sloping channel and could face major challenges in breaking through, in the short term.
A total of 48 securities traded against 47 on Wednesday, with 24 stocks rising, 14 declining and 10 closing unchanged. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 16.3 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with the volume and value traded declining 30 percent and 75 percent, respectively compared to Wednesday as 8,415,642 shares changed hands for $105,241,816 versus 12,077,813 units at $416,350,090 on Wednesday. Wigton Windfarm led trading with 32.6 percent of total volume for 2.74 million shares, followed by Sagicor Select Financial Fund with 19.3 percent for 1.63 million units and Pulse Investments with 9.1 percent after 768,244 units changed hands.
Trading averaged 175,326 units at $2,192,538, compared to 256,975 shares at $8,858,513 on Wednesday. Trading month to date averages 193,705 units at $4,990,781, in contrast to 202,991 units at $6,404,631 on Wednesday. May closed with an average of 439,937 units at $4,698,961.
Investor’s Choice bid-offer indicator reading has 14 stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Berger Paints dived $2.26 to $13.79 in an exchange of 4,220 shares, Caribbean Cement popped $4.29 to $90 after a transfer of 5,060 stock units, Eppley spiked $4.25 higher at $36.25 with 2 units changing hands. Grace Kennedy shed 47 cents to end at $89.45 in trading 19,101 stock units, Guardian Holdings climbed $15 to close at $760 after clearing the market with 70,560 shares. Jamaica Producers dropped $1.50 to $23 in trading 73,386 stocks, Kingston Properties gained 39 cents to close at $8.46 in switching ownership of 3,915 stock units, Kingston Wharves lost 30 cents to end at $46.20 with the swapping of 951 units. Mayberry Investments rallied 89 cents to $6.39 in exchanging 455 shares, NCB Financial ended 89 cents higher at $143.89 after 30,479 stocks crossed the market, Palace Amusement dropped $34.80 to $985.20 in an exchange of 28 units. Proven Investments climbed $1.49 to $37 with a transfer of 31,764 stocks. Sagicor Group rallied 75 cents to $52.75 in trading 19,901 shares. Sagicor Real Estate Fund hammered out a 64 cents gain to end at $8.99 with 435 shares changing hands. Seprod rose $1.02 to $74.02 in switching ownership of 9,931 units, Supreme Ventures lost 45 cents in ending at $19.55 with 8,939 stocks crossing the exchange. 
Sygnus Credit Investments gained 30 cents to settle at $15.30 in trading 25,434 stock units, Victoria Mutual Investments slipped 39 cents to $6.11 in the transfer of 185,406 shares and Wisynco Group popped 60 cents to $15.80 with the swapping of 130,777 stocks.
In the preference segment, Eppley 7.5% preference share spiked $2.31 to close at 52 weeks’ high of $9.50, trading 100 units and JMMB Group 7.15% – 2028 gained 43 cents ending at $3.25 with 59,930 stocks crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The All Jamaican Composite Index declined 994.79 points to 451,670.82, the JSE Main Index lost 199.45 points to end at 420,160.07 and the JSE Financial Index gained 0.29 points to settle at 104.48.
Trading close with an average of 256,975 units at $8,858,513, compared to 150,132 shares at $4,001,871 on Tuesday. Trading month to date averages 202,991 units at $6,404,631, in contrast to 150,132 units at $4,001,871 on Tuesday. May closed with an average of 439,937 units at $4,698,961.
Scotia Group rose $1.01 to $41 after trading 47,810 stocks, Seprod gained 20 cents to close at $73 with the swapping of 12,488 units, Stanley Motta shed 20 cents to close at $5.80 after exchanging 10,000 shares. Sterling Investments picked up 29 cents to finish at $3.29 in switching ownership of 1,000 units, Supreme Ventures rallied 20 cents to $20 in trading 61,340 shares and Wisynco Group shed 30 cents in ending at $15.20 after an exchange of 121,439 stock units.
The All Jamaican Composite Index shed 950.05 points to 452,665.61, the JSE Main Index declined 1,739.04 points to end at 4420,359.52 and the JSE Financial Index lost 0.33 points to settle at 104.19.
Investor’s Choice bid-offer indicator reading has 13 stocks ending with bids higher than their last selling prices and three with lower offers.
PanJam Investment declined $3.70 to close at $66 in transferring 7,312 units, Proven Investments lost 50 cents to close at $34.50 with 30,721 stock units clearing the market. Sagicor Real Estate Fund gained 20 cents ending at $8.50 and exchanging 2,000 shares. Seprod fell $1.30 to end at $72.80, with 55,443 shares crossing the exchange, Sygnus Credit Investments lost 20 cents to close at $15.05 in trading 510,516 stock units and Wisynco Group ended 29 cents lower at $15.50 in an exchange of 92,649 stocks.
Trading averaged 514,828 units on Monday at $6,289,666, compared to 2,443,892 shares at $12,234,637 on Friday. Trading month to date averages 439,937units at $4,698,961, in contrast to 436,367 units at $4,623,132 on Friday. April closed with an average of 234,200 units at $1,772,561.
Pulse Investments declined 40 cents to $4.40 in swapping 2,634,338 stocks, Sagicor Group slipped 25 cents to end at $52.50 with 2,835,484 stocks clearing the market, Seprod shed 90 cents to close at $74.10 with 13,279 units changing hands. Sygnus Credit Investments ended 25 cents lower at $15.25 in an exchange of 64,490 shares and Victoria Mutual Investments fell 45 cents to $6.51 after 85,621 stocks crossed the market.
The All Jamaican Composite Index rose 1,817.92 points to 454,375.81, the JSE Main Index gained 754.27 points to end at 422,066.55 and the JSE Financial Index gained 0.44 points to settle at 104.74.
Transjamaican Highway with 2.2 percent for 2.58 million and NCB Financial Group with 1.7 percent for 2.13 million units changing hands.
Pulse Investments gained 44 cents to end at $4.80 with 706,754 units crossing the market, Sagicor Group rose 74 cents to close at $52.75 in switching ownership of 12,435 stocks, Seprod advanced $1.49 to $75 after clearing the market with 27,751 shares, Sterling Investments shed 30 cents to close at $3 with an exchange of 94,051 stocks, Victoria Mutual Investments declined 5 cents to close at $6.96 after trading 137,328 stock units and Wisynco Group rose 65 cents to $15.75 with 28,000 shares changing hands.
The All Jamaican Composite Index gained 109.54 points to 452,557.89, the JSE Main Index shed 184.88 points to 421,312.28 and the JSE Financial Index lost 0.05 points to settle at 104.30.
April closed with an average of 234,200 units at $1,772,561.
Proven Investments declined $1.99 to $35.01 with 251,559 stock units clearing the market, Seprod gained 51 cents in ending at $73.51 and switching ownership of 12,312 stocks, Stanley Motta lost 29 cents in closing at $5.95 with the swapping of 2,480 units, Sterling Investments gained 20 cents to end at $3.30 with an exchange of 172,032 shares. Sygnus Credit Investments finished 23 cents higher at $15.43 in transferring 21,885 stocks and Wisynco Group shed 77 cents to close at $15.10 with an exchange of 179,935 units.
Investor’s Choice bid-offer indicator shows 16 stocks ending with bids higher than their last selling prices and four with lower offers.
Palace Amusement dropped $20 to $910 in switching ownership of 219 stocks, Pan Jam Investment advanced $2.95 to $67.95 after trading 1,139 units, Scotia Group gained 20 cents in ending at $40 with 133,171 stocks crossing the market, Seprod lost 59 cents to finish at $73 in exchanging 10,376 stock units. Stanley Motta gained 24 cents in closing at $6.24 after exchanging 17,000 units, Sterling Investments 
Investor’s Choice bid-offer indicator shows 14 stocks ending with bids higher than their last selling prices and one with a lower offer.
Sagicor Real Estate Fund lost 30 cents to close at $8 while trading 2,030 shares, Scotia Group fell $1 to $39.80 in exchanging 28,625 units, Supreme Ventures fell $1.25 to $20.50 in trading 58,706 stocks and Wisynco gained 39 cents to finish at $15.89 after exchanging 23,510 stocks.
Trading closed with an average of 282,041 units at $1,783,975, compared to 525,290 shares at $9,415,262 on Thursday. Trading month to date averages 320,145 units at $3,595,710, in contrast to 322,750 units at $3,719,589 on Thursday. Trading in April averaged 234,200 units at $1,772,561.
Seprod shed $1.50 to close at $73.50 with an exchange of 44,685 stock units, Supreme Ventures rose $1.55 to close at $21.75 in trading 98,472 stocks and Sygnus Credit Investments gained 40 cents to finish at $15.61 after exchanging 313,497 stocks.
At the close, Barita Investments declined $2 in closing at $84 after clearing the market of 2,835 shares, Berger Paints advanced $1.15 to finish at a 52 weeks’ high of $16.65 in switching ownership of 7,557 shares, Caribbean Cement rose 77 cents to $87.99 with an exchange of 56,552 units. Eppley shed 70 cents to close at $33 with the swapping of 30,020 stock units, Grace Kennedy ended 99 cents lower at $87.01, with 96,486 units crossing the exchange, Jamaica Broilers declined $1 to $35 in exchanging 36,579 shares. Jamaica Producers shed $1 to close at $23.50 in transferring 18,462 units, Jamaica Stock Exchange gained 25 cents in closing at $18 with 17,670 shares changing hands, JMMB Group advanced $1 to $33 in switching ownership of 188,002 stock units. Key Insurance shed 32 cents to end at $5.01 after an exchange of 321,258 shares, NCB Financial advanced $2.10 to $141 in trading 22,667 units. 138 Student Living lost 86 cents to close at $4.54, with 12,305 stock units clearing the market, Palace Amusement climbed $41 to $955 after exchanging 123 stock units, Pan Jam Investment jumped $6.90 to $71.90 with the swapping of 1,737 units, Portland JSX fell $2.40 to $7.10 with the transfer of 51,289 shares. Proven Investments lost 80 cents to close at $37.15, with 18,599 stock units crossing the market, Sagicor Group fell $1.50 to $51 with 905,925 shares changing hands. Scotia Group shed 80 cents in ending at $40 in exchanging 41,900 stocks.
Seprod advanced $2.90 to $75.90 with 13,000 units crossing the market, Stanley Motta gained 24 cents in closing at $6.24 with the swapping of 2,707 stock units, Supreme Ventures picked up 20 cents to settle at a 52 weeks’ high of $20 after clearing the market with 82,366 stocks and Sygnus Credit Investments lost 40 cents in closing at $15.10, after trading 175,692 units.