The major market indices rose in trading on Monday after investors expended 32 percent fewer funds in trading 11 percent less volume than on Friday at the close of the Jamaica Stock Exchange Main Market after slightly more shares fell than gained.
At the close, the All Jamaican Composite Index advanced 1,389.55 points to 428,311.48, the Main Index rose 1,200.38 points to 390,612.24 and the JSE Financial Index gained just 0.13 points to 100.59.
Trading ended with 48 securities changing hands compared to 44 on Friday and closed with prices of 18 stocks rising, 22 declining and eight remaining unchanged. The PE Ratio averaged 16.6 based on ICInsider.com forecast of 2020-21 earnings.
The market closed with an exchange of 5,906,893 shares for $25,643,760, down from 6,649,726 units at $37,545,320 on Friday. Wigton Windfarm led trading with 48 percent of total volume for 2.83 million shares followed by Pulse Investments, 11.1 percent with 655,714 units and Transjamaican Highway 10.3 percent with 608,465 shares.
Trading for the day averaged 123,060 units at $534,245, compared to an average of 151,130 shares at $853,303 on Friday.
Trading month to date averaged 307,009 units at $1,049,528 for each security, in contrast to 326,985 units at $1,105,486 on Friday. Trading in December averaged 455,206 units at $7,774,631.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of trading, Berger Paints rose 50 cents to $14, after exchanging 51 shares, Eppley gained 55 cents to end at $22.60 trading 3,851 units. Grace Kennedy closed 45 cents higher at $65, finishing with a transfer of 10,801 shares, Jamaica Broilers shed 89 cents to end at $27.50, with an exchange of 18,995 units, Jamaica Producers advanced by $1.40 to $21, in trading 23,808 stock units. JMMB Group ended 96 cents lower at $32.53, with 51,400 stocks crossing the exchange, Kingston Wharves climbed $1.24 to $48, in switching ownership of 4,055 shares, Mayberry Jamaican Equities shed 64 cents to $7.05 trading 16,542 stocks. MPC Caribbean Clean Energy dropped $12.99 to $137.01, in an exchange of 387 stock units, NCB Financial fell by $1 to $138, with the swapping of 39,251 shares, 138 Student Living lost 45 cents to end at $4.44, with 90 stocks changing hands, Palace Amusement declined by $10.10 to $1,089.90, in exchanging 123 stock units.
Pan Jam Investment closed at $68, after losing $2.17 and trading 4,017 shares, Sagicor Real Estate Fund rose 70 cents to $8.95, in a transfer of 250 stocks, Salada Foods advanced to $35, with gains of $1.80 in switching ownership of 44,051 stock units. Scotia Group fell $1.90 to $42.10, exchanging 8,179 shares and Seprod gained 30 cents, ending at $63.80 after 10,198 stocks crossed the exchange.
In the preference segment, Eppley 8.75% preference share lost 50 cents in ending at $6.50 and trading 2,000 stock units and Eppley 7.5% preference share shed $1 to close at $6, after exchanging 1,717 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading for the day averaged 151,130 units at $853,303, compared to 301,312 shares at $1,395,993 on Thursday. Trading month to date averaged 326,985 units at $1,105,486, in contrast to 346,427 units at $1,133,366 on Thursday. Trading in December averaged 455,206 units at $7,774,631.
Kingston Wharves shed 74 cents to end at $46.76, in switching ownership of 425 units, NCB Financial fell $1 to $139, with 37,390 stock units crossing the market, Palace Amusement dropped $200 in closing at $1,100, with an exchange of 39 units. PanJam Investment fell $1.77 to $70.17, in transferring 1,793 units, Salada Foods ended at $33.20, with a loss of $2.80 trading 21,881 stocks, Scotia Group rose $1 to $44, after exchanging 22,377 shares, Seprod shed 70 cents in closing at $63.50, in an exchange of 10,331 stocks and Stanley Motta settled at $5.45, with gains of 39 cents while exchanging 7,231 stock units.
At the close, the All Jamaican Composite Index dipped 55.38 points to 426,012.48, the Main Index gained 128.37 points to 388,746.14 and the JSE Financial Index slipped 0.08 points to settle at 100.17.
Trading for the day averaged 301,312 units at $1,395,993 for each security compared to an average of 361,368 shares at $1,264,797 on Wednesday. Trading month to date averaged 346,427 units at $1,133,366, in contrast to 351,891 units at $1,101,554 on the prior trading day. Trading in December averaged 455,206 units at $7,774,631.
Kingston Properties rose 50 cents to $7.25, in exchanging 1,000 units, Kingston Wharves gained 35 cents to $47.50 in exchanging 1,100 shares. MPC Caribbean Clean Energy dropped $7.47 to $150 after transferring 250 units, NCB Financial rose 50 cents to $140, trading 12,328 stocks. Pan Jam Investment advanced $5.84 to $71.94, with 270 units changing hands, Scotia Group gained 50 cents to close at $43 after exchanging 7,800 stock units and Seprod climbed $2.20 to $64.20, in trading 13,586 shares.
The All Jamaican Composite Index slumped 3,448.73 points to 427,800.39, the Main Index dropped 3,105.44 points to close at 390,255.61 and the JSE Financial Index dipped 1.17 points to settle at 101.03.
Investor’s Choice bid-offer indicator reading has seven stocks ending with bids higher than their last selling prices and five with lower offers.
Pulse Investments lost 30 cents to end at $4.45, with investors swapping 2,607,378 shares, Sagicor Group rose 85 cents to end at $50.35 after trading 10,629 stock units, Sagicor Real Estate Fund declined by $1.95 to $6.30, as investors swapped 10,000 shares and Salada Foods fell $2.75 to $26, with 871 units crossing the market.
At the close of trading, the All Jamaican Composite Index fell by 779.63 points to 432,047.85, the JSE Main Index shed 705.51 points to 394,081.24 and the JSE Financial Index lost 0.23 points to end at 102.37.
Trading averaged 208,926 units at $1,562,771 compared to 965,417 shares at $1,445,448 on Thursday. Trading month to date averaged 333,822 units at $956,327, in contrast to 361,424 units at $822,306 on Thursday. Trading in December averaged 455,206 units at $7,774,631.
Pan Jam Investment climbed $4.97 to $73, with 11,719 stock units changing hands, Proven Investments gained 66 cents to end at $35.79, with 9,626 shares crossing the market, Sagicor Real Estate Fund rose 71 cents to $8.98 trading 2,121 stock units. Salada Foods climbed $3.75 to $28.75, transferring 33 units, Scotia Group fell by $1 to $43, with 175,560 shares crossing the market and Sygnus Credit Investments lost 40 cents to close at $16.70, clearing the market with 51,777 shares.
Trading averaged 965,417 units at $1,445,448 compared to 175,260 shares at $734,535 on Wednesday. Trading month to date averaged 361,424 units at $822,306 compared to 167,441 units at $622,172 on the prior trading day. Trading in December averaged 455,206 units at $7,774,631.
Proven Investments rose 73 cents to finish at $35.13 in exchanging 2,960 units, Seprod fell $1 to $64, with a transfer of 13,722 stock units, Supreme Ventures gained 31 cents to close at $17.87, with 5,935 shares changing hands.
December ended with an average of 455,206 units at $7,774,631.
Stanley Motta closed at $5, with a loss of 48 cents exchanging 1,700 units. Supreme Ventures was down 34 cents to $17.56 with the transfer of 55,921 shares, Sygnus Credit Investments gained 34 cents to settle at $16.94, with investors swapping 27,623 shares and Victoria Mutual Investments gained 32 cents to end at $5.99 trading 1,900 units.
At the close, the All Jamaican Composite Index dipped 1,075.49 points to 432,445.60, the Main Index dropped 1,031.36 points to 394,583.57 and the JSE Financial Index lost 0.02 points to settle at 102.07.
Investor’s Choice bid-offer indicator reading has six stocks ending with bids higher than their last selling prices and four with lower offers.
Sagicor Group gained 50 cents to end at $50.50, in exchanging 12,901 units, Sagicor Real Estate Fund shed 74 cents ending at $8.25, in trading 2,963 shares, Salada Foods shed $1 in closing at $29 trading 410 units. Scotia Group gained 70 cents to close at $44.95, after 17,262 stock units changed hands, Sygnus Credit Investments rose 29 cents to settle at $16.76, trading 37,047 shares. Victoria Mutual Investments slipped 35 cents to $5.65, trading 61,267 shares and Wisynco Group declined 98 cents to $16.52 after exchanging 31,231 shares.
The local market has recovered some 16 percent of the losses suffered up to March 25, but the gains so far are some way off the start of the year. At the close, the All Jamaican Composite Index rose 2,252.56 points to close at 433,521.09, the Main Index gained 2,013.69 points to close at 395,614.93 and the JSE Financial Index lost 0.16 points to end at 102.09.
Wisynco Group ended with 6.4 percent market shares from 2.53 million units, JMMB Group 6.2 percent with 2.5 million units, Barita Investments 4 percent with 1.59 million units and Wigton Windfarm 3.9 percent market share with 1.54 million units.
MPC Caribbean Clean Energy dropped $5 to close at $153 in switching ownership of 12 units, NCB Financial declined by $3 to $142 in exchanging 6,748 stocks, PanJam Investment shed $2.13 in closing at $66.02 and trading 10,010,704 shares. Pulse Investments increased 36 cents to $4.50 in switching ownership of 6,616,355 stock units, Sagicor Group lost $1 in closing at $50 and finished trading 19,340 stocks, Salada Foods rose $2.75 to $30, trading 130,001 stock units. Scotia Group lost 70 cents to end at $44.25 after 17,576 units crossed the exchange, Sygnus Credit Investments climbed $1.07 in closing at $16.47 with investors swapping 75,710 shares, Wisynco Group increased by $1 to $17.50 in trading 2,527,199 stock units.
Trading for the day averaged 614,217 units at $11,886,046 for each security, compared to an average of 651,934 shares at $6,663,580 on Tuesday. Trading month to date averages 435,836 units at $7,056,56, in contrast to 426,447 units at $6,802,380 on Wednesday. November ended with an average of 623,120 units at $6,686,047.
Margaritaville dived $13.23 to $43 in an exchange of 855 units, Mayberry Investments lost 31 cents to close at $5.77 trading 132,619 stock units, MPC Caribbean Clean Energy climbed $22.99 to $158 in an exchange of 729 units. NCB Financial gained $3 to close at $145 with an exchange of 34,603 stock units, Radio Jamaica climbed 33 cents to $1.68 in exchanging 766,452 shares, Sagicor Group climbed 60 cents to $51 while trading 1,086,033 stock units. Scotia Group increased $1.44 in closing at $44.95 with 6,540 shares changing hands, Seprod declined by $1.50 to $65 after exchanging 38,172 units and Stanley Motta climbed 60 cents to $5.50 in transferring ownership of 275,734 stocks.