JSE Main Market cedes 78% of Monday’s gains

Trading jumped sharply on the Jamaica Stock Exchange Main Market on Tuesday, but the market failed to hold on to all the gains on Monday and gave back 78 percent of it as declining stocks had the better hand over those rising.
At the close, the All Jamaican Composite Index declined 3,476.55 points to close at 403,619.02, the Main Index dived 3,207.50 points to 368,317.40 and the JSE Financial Index lost 1.36 to end at 94.87.
Trading ended with 43 securities changing hands with the prices of 14 stocks rising, 22 declining and the prices of seven closing unchanged. The average PE Ratio of the Main Market ended at 15.5 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 32,897,914 shares for $306,628,403 compared to 10,952,085 units at $38,235,878 on Monday. Wigton Windfarm led trading with 21.9 million shares for 67 percent of total volume after the company reported a 30 percent jump in 2020 fiscal year profits. Grace Kennedy followed with 2.73 million units for 8.3 percent of the day’s trade and Sagicor Select Financial Fund with 2 million units for 6 percent market share. Other stocks trading more than a million shares are Carreras with 1.37 million units and Sterling Investments with 1.2 million stock units.
The average trade for the day ended at 765,068 units at $7,154,149 in contrast to an average of 262,942 at $911,881 on Monday. An average of 422,580 units traded for the month to date for $2,855,323 for each security that traded, in contrast to 383,412 units at $2,363,701. The average trade for the previous month ended at 856,725 units at $7,148,772.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Main market shows nine stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Caribbean Cement gave up $2.50 in closing at $47 after exchanging 21,426 stock units, Eppley Caribbean Property Fund gained 50 cents to settle at $46.50 in trading 28,053 shares. First Rock Capital lost 42 cents in ending at $13.48 with 16,076 stock units changing hands, Jamaica Broilers Group shed 50 cents to end at $27 with an exchange of 9,852 shares, Jamaica Producers Group dropped by $1.24 after closing at $22.51 in trading 14,633 stock units. Jamaica Stock Exchange carved out a loss of 45 cents and ended at $21.50 while exchanging 252,070 shares, Kingston Wharves lost $1 to settle at $50, with an exchange of 2,310 units, Mayberry Jamaican Equities incurred a loss of 39 cents, to close at $9 in trading 101,406 stock units. MPC Caribbean Clean Energy carved out a loss $12, in closing at $160 with an exchange of 1,000 stock units, NCB Financial Group jumped $4.99 to settle at $139.99 with investors swapping 613,214 stock units, 138 Student Living lost 90 cents to settle at $6 trading 1,226 units. Palace Amusement fell $40 in closing at $1,750 with an exchange of a mere five units, PanJam Investment lost $4.90 to close at $68.10 with an exchange of 2,913 stock units, Proven Investments fell 99 cents in ending at $32.01 after trading 4,518 shares. Sagicor Group shed $1.49 to $46 with an exchange of 263,100 stock units, after trading at a 52 weeks’ intraday low of $34. Salada Foods gained $3 to close at $28 with 190 stock units changing hands and Seprod jumped $2.80 to end at $53 trading 45,530 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE Main Market starts week up

The Jamaica Stock Exchange bounced on Monday with a two to one advance ratio, as the value of stock trading fell sharply to just $38 million with a marginally lower volume than on Friday.
At the close, the All Jamaican Composite Index jumped 4,442.47 points to 407,095.57. The Main Index climbed 4,127.75 points to 371,524.90, and the JSE Financial Index added 0.81 points to end at 96.23.
Trading ended with 42 securities changing hands with the prices of 21 stocks rising, 11 declining and ten stocks closing unchanged. The average PE Ratio of the Main Market ended at 15.6 based on IC Insider.com’s forecasted 2020-21 earnings.
The market closed with an exchange of 11,043,546 shares accounting for $38,298,986 compared to 11,791,921 units at $121,937,846 on Friday. Wigton Windfarm led trading with 7.52 million shares for 68.7 percent of total volume followed by Sagicor Select Financial Fund with 797543 units for 7.3 percent of the day’s trade and Transjamaican Highway with 774949 units for 7.1 percent market share.
An average of 262,942 units traded at $911,881 in contrast to an average of 280,760 at $2,903,282 on Friday. The average volume for the month to date amounts to 383,412 units at $2,363,701 in contrast to 452,787 units at $2,546,266. In contrast, the average for June ended at 856,725 units valued at $7,148,772 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Main market shows nine stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Caribbean Cement climbed $3.23 to $49.50, in exchanging 4,074 shares, Eppley Caribbean Property Fund rose $2 to end at $46 in trading 8,475 stock units, First Rock Capital gained 70 cents to close at $13.90 in trading 3,405 units. Grace Kennedy climbed 59 cents in ending at $57.99 with an exchange of 48,350 units, Jamaica Broilers jumped $2.95, to $27.50 with investors swapping 20,308 stock units, Jamaica Producers gained 75 cents in ending at $23.75 trading 17,269 units. Jamaica Stock Exchange climbed 41 cents closing at $21.95, after exchanging 58,999 stock units, Kingston Properties rose 30 cents to end at $7.80 in exchange of 461 units, Kingston Wharves shed $2.49 to settle at $51 with 5,294 stock units changing hands. Mayberry Jamaican Equities added 29 cents to close at $9.39 after trading 12,599 units, PanJam Investment jumped $4 to settle at $73 after 16,618 units changed hands, Sagicor Group rose $1.49 to end at $47.49 with 54,732 units crossing the exchange. Scotia Group lost $1.78 to settle at $42.72 in trading 8,093 units and Seprod fell $1.55 after closing at $50.20 and exchanging 30,666 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE US$ market slips on Monday

The JSE US dollar market closed on Monday with moderate trading with prices falling, leading to a reduction in the US dollar market Index slipping 2.99 points to close at 185.85.
Trading ended on Monday with four securities changing hands, the same that traded on Friday. At the close, there was no stock ended with an increase in prices, while the prices of two declined and the prices of two closed unchanged. The average PE Ratio of the JSE US Dollar Market ended at 12.8 based on IC Insider.com’s forecasted 2020-21 earnings. The market closed with an exchange of 139,745 shares at $10,734 compared to 99,240 units for $21,765 on Friday.
The average trade for the day ended at 34,936 units at $2,684, in contrast to an average of 24,810 valued at $5,441 on Friday. Each security traded an average of 83,683 shares for the month to date, amounting to US$5,438 units, in contrast to 88,814 units at $5,438. June ended with an average of 281,680 units changing hands at $46,787 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the JSE US Dollar market shows three stocks ended with bids higher than their last selling prices and one with lower offers.
At the close of the market, Margaritaville traded 68 shares to settle at 16 US cents, Proven Investments close at 23 US cents with an exchange of 41,547 shares. Sterling Investments declined by three-tenths of a cent to settle at 2 US cents with an exchange of 23,130 units and Transjamaica Highway dropped by one-tenth of a cent to 0.94 US cents, exchanging 75,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Sellers continue to pressure JSE stocks

The Main Market of the Jamaica Stock Exchange suffered the seventh day of losses in eight, since the start of the current month as investors take a standby approach to local stocks and cut the majority of prices at the close on Friday.
At the close, the All Jamaican Composite Index dropped 2,824.38 points to 402,653.10, the JSE Market Index declined by 2,597.16 points to 367,397.15 and the JSE Financial Index lost 0.27 points to 95.42. The average PE Ratio of the Main Market ended at 15.4 based on IC Insider.com’s forecasted 2020-21 earnings.
Trading ended with 42 securities changing hands with the prices of 9 stocks rising, 20 declining and 13 closing unchanged. The market ended with an exchange of 11,791,921 shares accounting for $121,937,846 compared to 16,789,783 units at $102,277,280 on Thursday.
Transjamaican Highway led trading with 3.68 million shares for 31 percent of total volume followed by Sagicor Select Financial Fund with 2.66 million units for 22.6 percent of the day’s trade and Wigton Windfarm with 1.10 million units for 9.3 percent market share.
The average trade for the day ended at 280,760 units at $2,903,282 in contrast to an average of 399,757 at $2,435,173 on Thursday. An average of 1,048,185 units at $3,935,208 each traded for July to date in contrast to 483,377 units at $2,494,914 for each security.  In contrast, June closed with an average of 818,748 units valued at $7,498,303 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Main market shows ten stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Barita Investments dropped $1.50 to $57, in trading 952 units, Caribbean Cement fell $2.73 to $46.27 after exchanging 3,529 stock units, Grace Kennedy shed 59 cents to close at $57.40 with investors transferring 325,257 shares. Jamaica Broilers ended $2.05 lower at $24.55, in trading 44,629 stock units, Jamaica Stock Exchange gained 49 cents to close at $23, in exchanging 472,748 shares, JMMB Group shed 50 cents to end at $30.50, with a transfer of 69,230 stock units. Kingston Wharves finished 51 cents lower at $53.49, after trading 57,716 stock units, PanJam Investment climbed $2.50 to settle at $69, with 142,724 shares changing hands, Sagicor Group gained 50 cents in transferring 550,086 shares and ended at $46. Scotia Group closed $1.75 higher at $44.50 as investors traded 376,531 shares, Seprod dipped 75 cents to $51.75, with an exchange of 13,000 units and Sterling Investments ended at $2.45, having lost 40 cents trading 100,159 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

More slippage for JSE Main Market

Trading picked up on the Jamaica Stock Exchange Main Market on Tuesday with a tripling of the number of shares changing hands at nearly three times the value, but the market index dipped by the close.
At the close, the All Jamaican Composite Index dropped 1,754.44 points to 406,841.32, the JSE Market Index sank 1,536.62 points to 371,224.80 and the JSE Financial Index gained 0.09 points to 96.35. The average PE Ratio of the Main Market closed at 15 based on IC Insider.com forecasted 2020-21 earnings.
Trading ended with 41 securities changing hands with the prices of 18 stocks rising, 19 declining and four unchanged. The market closed with an exchange of 16,335,306 shares accounting for $134,380,830 compared to 5,526,846 units at $49,678,898 on Monday. Transjamaican Highway led trading with 6.10 million shares for 37.4 percent of total volume followed by Sagicor Select Financial Fund with 4.81 million units for 29.5 percent of the day’s trade and Wigton Windfarm with 1.61 million units for 9.9 percent market share.
The average trade for the day ended at 398,422 units at $3,277,581 in contrast to an average of 128,531 valued at $1,155,323 on Monday. An average of 373,718 units traded for the month to date for $4,445,101 in contrast to 367,724 units at $1,363,982. The average volume and value for June was 818,748 units at $7,498,303.
 IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Main market shows 11 stocks ended with bids higher than their last selling prices and 5 with lower offers.
At the close of the market, Barita Investments gained $1.52 to settle at $59 after exchanging 830 units, Berger Paints closed 99 cents higher at $13.99, in trading 5,037 stock units, Caribbean Cement fell to $47.90, with a loss of 60 cents in the transfer of 313,005 shares. Eppley Caribbean Property Fund climbed $1 to $44, with an exchange of 6,240 shares, First Rock Capital shed 95 cents trading 12,623 stock units and closed at $13.05, Grace Kennedy shed $1 to finish at $55, after trading 420,726 shares. Jamaica Producers ended at $22.50, having lost $1 in transferring 39,348 units, JMMB Group jumped $1.48 to $31.99, with 67,277 shares crossing the market, MPC Caribbean Clean Energy advanced $4 to close at $172 after trading just 100 units. NCB Financial Group declined $1.40 to $134.10 with an exchange of 393,783 shares, Palace Amusement sustained a loss of $10 to finish at $1,790, after swapping 20 units, PanJam Investment dropped $1 in trading 10,829 stock units and settled at $73. Proven Investments ended with a loss of 44 cents at $33.95, with 1,637 units changing hands and Wisynco Group shed 30 cents to finish at $17.70, in transferring 34,252 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE Main market stocks tumble

Stocks mostly pulled back on the Main Market of the Jamaica Stock Exchange on Monday as investors engaged in moderate trading and sent the market indices into a dive, at the close, and adding to sizeable losses on the first two days of July.
At the close, the JSE All Jamaica Composite Index declined by 6,453.85 points to 408,595.76, the JSE Market Index dropped 5,842.37 points to 372,761.42 and the JSE Financial Index lost 2.05 points to end at 96.26. The average PE Ratio of the Main Market closed at 15.3 based on IC Insider.com forecasted 2020-21 earnings.
The market closed with 43 securities changing hands with the prices of seven stocks rising, 24 declining and 11 trading firm. The market closed with an exchange of 5,526,846 shares accounting for $49,678,898 compared to 11,919,474 units at $95,504,967 on Friday.
Transjamaican Highway led trading with 1.43 million shares for 26 percent of total volume followed by Wigton Windfarm with 853,642 units for 15.5 percent of the day’s trade and Pulse Investments with 822,283 units for 15 percent market share.
The average trade for the day ended at 128,531 units at $1,155,323 in contrast to an average of 290,719 valued at $2,329,389 on Friday. The average volume and value for the month to date amounts to 367,724 units valued at $1,363,982 in contrast to 666,101 units at $3,860,643 on Friday. In Contrast, trading in June resulted in an average of 818,748 units for $7,498,308 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Main market shows 11 stocks ending with bids higher than their last selling prices and six with lower offers.
At the close of the market, Barita Investments climbed $2.48 to settle at $57.48 trading 2,719 shares, Caribbean Cement declined by $1.50 and ending at $48.50 with investors exchanging 4,361 units, First Rock Capital closed $1 higher at $14, with a transfer of 8,800 stock units. Grace Kennedy dropped by $1 to $56 after trading 25,625, Jamaica Broilers ended 66 cents lower at $28.01, with 13,498 shares changing hands, Jamaica Producers lost 59 cents in ending at $23.50, with the transfer of 10,245 units. JMMB Group shed 99 cents to finish at $30.51 with 219,422 shares crossing the market, Kingston Wharves gained 36 cents and closed at $53.36 in trading 3,673 units, NCB Financial Group declined by 40 cents to end at $135.50 after exchanging 163,040 shares. Portland JSX rose 55 cents to end at $7.90 and trading 20,187 stock units, Sagicor Group declined by $3.89 to $46.10 with a transfer of 23,410 units. Sagicor Real Estate Fund jumped 54 cents to $8.29 with investors trading 69,628 stock units, Salada Foods dropped $3.40 to close at $25 after exchanging 3,775 units, Scotia Group declined by $2.25 to end at $45, in transferring 34,944 stock units and Seprod shed $2.79 to settle at $50.20 with 19,161 units changing hands.
In the preference segment, Productive Business Solutions 9.75% preference share declined by $3 to $104, after investors traded a mere one unit.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Modest gains for JSE majors

Stocks closed mixed on Friday, in trading on the Main Market of the Jamaican Stock Exchange with an even number of prices rising as falling, leading to a modest rise in the market indices.
At the close, the All Jamaican Composite Index carved out a gain of 832.41 points to end at 415,049.61, the Main Index added 722.07 points to finish at 378,603.79 and the JSE Financial Index eked out a rise of 0.45 points to 98.31. The average PE Ratio of the Main Market ended at 15.4 based on IC Insider.com’s forecasted 2020-21 earnings.
Trading ended with 41 securities changing hands with the prices of 15 stocks rising, 15 declining and 11 closing unchanged. The market closed with an exchange of 11,919,474 shares accounting for $95,504,967 compared to 25,342,527 units for $172,663,218 on Thursday.
Sagicor Select Financial Fund led trading with 2.92 million shares for 24.5 percent of total volume followed by Wigton Windfarm with 2.55 million units for 21.4 percent of the day’s trade and Carreras with 1.85 million units for 15.5 percent market share. Other stocks trading a million shares or more are Pulse Investments was the only, closing the day’s trade with 1.5 million units and Victoria Mutual Investments, with 1.15 million units.
An average of 290,719 units traded on Friday at $2,329,389 for each security changing hands in contrast to an average of 589,361 shares at $4,015,424 on Thursday. The average trade for the month to date amounts to 666,101 units at $3,860,643, in contrast to 525,872 units at $2,737,055 on Thursday. June ended with an average of 818,748 units at $7,498,308 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Main market shows 10 stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Barita Investments dropped $4 to settle at $55 with investors exchanging 5,940 units, Eppley Caribbean Property Fund closed 95 cents lower at $43, in the trading of 5,210 units, First Rock Capital gained 99 cents transferring 3,676 units to end at $13. Grace Kennedy shed 99 cents to end at $57, with 29,597 shares changing hands, Kingston Properties picked up 30 cents in transferring 250 units at $7.30, NCB Financial Group lost $1.60 to end at $135.90, with 158,628 shares crossing the market. 138 Student Living lost 50 cents to settle at $6.30, in trading 39 units, Palace Amusement sustained a loss of $50 to close at $1,800, with an exchange of 41 units, Proven Investments closed at $34.49, after losing 51 cents in transferring 20,487 stock units. Pulse Investments shed 40 cents to close at $3.70, with an exchange of 1,546,204 shares, Scotia Group jumped $2.25 to $47.25 in trading 608,394 shares, Supreme Ventures picked up 38 cents to end at $15.39 as investors transferred 37,543 stock units and Wisynco Group lost 68 cents in trading  86,232 shares at $18.12.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Big drop for JSE Main Market

The Main Market of the Jamaica Stock Exchange declined for the second day in a row as falling stock prices outpaced advancing ones, with trading levels rising well above that on Wednesday.
At the close, the All Jamaican Composite Index carved out a drop of 4,902.61 points to 414,217.20, the Jamaica Stock Exchange Main Index dived 4,332.39 points to close at 377,881.72 and the JSE Financial Index shed 1.18 points to end at 97.86. The average PE Ratio of the Main Market ended at 15.2 based on IC Insider.com’s forecasted 2020-21 earnings.
Trading ended with 43 securities changing hands with the prices of 13 stocks rising, 17 declining and 13 closing unchanged. The market closed with an exchange of 25,342,527 shares accounting for $172,663,218 compared to 19,356,583 units at $59,986,491 on Wednesday. Pulse Investments led trading with 9.34 million shares for 37 percent of total volume followed by   Transjamaican Highway with 4.88 million units for 19 percent of the day’s trade and Sagicor Select Financial Fund with 3.79 million units for 15 percent of market share. Other trades over a million units are Wigton Windfarm 2.7 million shares and Jamaica Broilers with 2 million shares.
The average trade for Thursday ended at 589,361 units for $4,015,424  in contrast to an average of 460,871 at $1,428,250 on Wednesday. The average trade for the month to date is 525,872 for $2,737,055, in contrast to 460,871 units at $1,428,250 for each security. In contrast, June ended with an average of 818,748 units at $7,498,308 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Main market shows 12 stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Barita Investments declined by $3 to $59, in trading 4,711 stock units, Caribbean Cement closed $1 higher at $50 after exchanging 25,101 stock units, Eppley gained 89 cents to end at $17.39, with a transfer of 100 units. Eppley Caribbean Property Fund climbed $1.02 to $43.95, with 11,357 stock units changing hands, First Rock Capital fell $1.99 to $12.01 trading 4,300 units, Jamaica Broilers Group rose 68 cents to end at $28.67, with 2,083,164 shares changing hands.  Jamaica Stock Exchange lost 44 cents to finish at $21.50, with an exchange of 31,009 stock units, JMMB Group picked up 50 cents transferring 35,000 stock units to settle at $31.50, Kingston Wharves declined to $53, with a loss of $4 exchanging 6,580 units. MPC Caribbean Clean Energy climbed $8 to $168, in trading 501 units, NCB Financial Group gained 80 cents to finish at $137.50 with 120,381 shares changing hands, PanJam Investment fell $1 to finish at $74 with the trading of 104,975 shares.  Sagicor Group climbed $3.90 to close at $50.15  as 110,812 shares crossed the market,  Scotia Group closed 90 cents higher at $45, in trading 348,793 shares and Sygnus Credit  Investments lost 50 cents to end at $16, with a transfer of 5,043 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE Main Market pulls back

Following substantial gains to close out June, the Jamaica Stock Exchange Main Market pulled back some of those gains as prices of several stocks gave up some of the increases of the previous day. Beating the negative trend were Barita Investments and Pulse Investments as they continued to move higher.
At the close, the All Jamaican Composite Index declined 1,615.74  points to 419,119.81. The Main Index dropped 1,541.69 points to 382,214.11 and the JSE Financial Index lost 0.67 points to 99.04. The average PE Ratio of Main Market ended at 15.1 based on IC Insider.com’s forecasted 2020-21 earnings.
Trading ended with 42 securities changing hands with the prices of 12 stocks rising, 24 declining and 6 remained unchanged. The market closed with an exchange of 19,356,583 shares accounting for $59,986,491 compared to 68,236,614 units at $488,624,865 on Tuesday.
TransJamaican Highway led trading with 5.95 million shares for 30.8 percent of total volume, followed by Wigton Windfarm with 4.94 million units for 25.5 percent of the day’s trades and Pulse Investments with 4.26 million units for 22 percent market share. Carreras was the only other stock trading over a million shares, ending with 1.53 million units changing hands.
The average trade for Wednesday ended at 460,871 units at $1,428,250 in contrast to an average of 1,586,898 valued at $11,363,369 on Tuesday. June closed with an average of 818,748 units at $7,498,308 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Main market shows 12 stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Barita Investments gained $1 to settle at $62, after swapping 4,526 units, Berger Paints dropped $1 to close at $13, in trading 847 shares, Caribbean Cement lost 50 cents to end at $49 exchanging 2,301 stock units. Eppley Caribbean Property Fund ended 93 cents higher at $42.93, with investors transferring 2,100 units, First Rock Capital shed 50 cents to finish at $14, with an exchange of 500 shares, Jamaica Broilers fell $1.01 to settle at $27.99, with 7,572 units changing hands. Jamaica Producers lost 75 cents to end at $24.15 exchanging 7,026 stock units, JMMB Group closed $1.30 lower at $31, after investors swapped 72,183 shares, Kingston Properties ended at $7, with a loss of 50 cents trading 400 units. Mayberry Jamaican Equities dropped 50 cents to close at $9.50, in the transfer of 500 units, MPC Caribbean Clean Energy declined by $9 to $160, after exchanging 400 units, NCB Financial gained 70 cents to settle at $136.70 in trading 37,711 stock units. PanJam Investment jumped $5 to $75, with an exchange of 1,372 units, Portland JSX slid 55 cents to $7.35, after exchanging 200 units, Proven Investments shed 50 cents to close at $35 trading 833 units. Pulse Investments gained 75 cents trading 4,255,782 shares to finish at $4.17, Sagicor Group declined by $4.75 to $46.25, after 726 units crossed the exchange, Salada Foods closed $1.45 lower to end at $28.45, with an exchange of 3,942 units. Scotia Group fell by $1.30 to $44.10, with 79,077 shares changing hands, Sygnus Credit Investments lost 49 cents to settle at $16.50 trading 6,400 stock units and Wisynco Group traded 28,698 stock units and fell 99 cents to $18.51.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE Main Market jumps 8,500 points

Main Market of the Jamaica Stock Exchange closed sharply higher on Tuesday following the significant fall on Monday as investors traded six times the number of shares that traded on Monday, leading the JSE All Jamaican Composite Index (AJI) to jump 8,491.49 points to 420,735.55.
The market enjoyed a sharp rise in the prices of Barita Investments, up by $3.70, Jamaica Broilers rising $2.10, Kingston Wharves climbing $4.20, Palace Amusement gaining $10, Sagicor Group added $4.97 and Wisynco Group with a rise of $1.98. NCB Financial lost $2.90, PanJam Investments shed $5 and Scotia Group lost $1.60.
The AJI closed the month just over 100 points lower than at the close in May, the Main Index rose 7,767.06 points to 383,755.80 and the JSE Financial Index rose 2.30 points to settle at 99.71. The average PE Ratio of the Main Market ended at 15.6 based on IC Insider.com forecasted 2020-21 earnings.
Trading ended with 43 securities changing hands with the prices of 23 stocks rising, 11 declining and three closing unchanged. The market closed with an exchange of 68,236,614 shares accounting for $488,624,865 compared to 11,612,843 units at $70,094,309 on Monday.
At the close, Mayberry Jamaican Equities surge to the top of the market, with 50 million shares trading for 73 percent of total volume followed by Pulse Investments with 10.3 million units for 15 percent of the day’s trade and Transjamaican Highway with 2.6 million units for 3.8 percent market share.  Other securities trading a million units or more are Carreras with 1.1 million units and Wigton Windfarm with 1 million shares.
The average trade for Tuesday ended at 1,586,898 units at $11,363,369 in contrast to an average of 263,928 valued at $1,593,052 on Monday. The average volume and value for the month to date amounts to 818,748 units valued at $7,498,308 in contrast to 782,169, units at $7,295,380. May closed with an average of 475,543 shares at $3,077,280 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Main market shows 12 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Barita Investments gained $3.70 to end at $61 in trading 33,061 shares, Eppley rose 60 cents in ending at $16.50, with investor swapping 15,000 stock units, Eppley Caribbean Property Fund dropped $1 ending at $42 trading 17,030 units. Jamaica Broilers Group advanced by $2.10 to $29, with 45,706 shares changing hands, JMMB Group added 30 cents to settle at $32.30, with 20,404 stock unit crossing the market, Kingston Properties climbed 50 cents closing at $7.50 trading 786 units. Kingston Wharves gained $4.20 in closing at $57.20 in an exchange of 7,286 shares, Mayberry Investments gained 35 cents to settle at $6, after investors transferred 10,171 stock units, Mayberry Jamaican Equities picked up 40 cents, in ending at $10 with an exchange of 50,040,562 shares. NCB Financial Group declined by $2.90 to close at $136, with 42,866 shares changing hands, Palace Amusement advanced by $10, to $1,850 with an exchange of just two units, PanJam Investment declined by $5 to settle at $70 having 11,901 units crossing the exchange. Proven Investments rose $1 to end at $35.50 with a transfer of 8,998 stock units, Sagicor Group climbed $4.97 to close at $51, after exchanging 111,028 shares. Scotia Group shed $1.60 to close at $45.40 trading 43,845 shares and Wisynco Group jumped $1.98 to close at $19.50 with 475,698 units passing through the market.
Productive Business Solutions 9.75% Preference shares increased $6.99 to close at $107, having swapped just one stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.