Stocks trading on Tuesday ended with the market indices rising, with the volume and values traded declining 22 percent and 18 percent respectively from Monday’s levels at the close of the Jamaica Stock Exchange Main Market as trading levels remain below normal.
The All Jamaican Composite Index climbed 2,301.07 points to 436,584.19, the JSE Main Index advanced 2,049.07 points to end at 398,010.00 and the JSE Financial Index rose 0.72 points to 99.95.
Trading ended with 45 securities, down from 48 on Monday and closed with prices of 16 stocks rising, 16 declining and 13 remaining unchanged. The PE Ratio averages 19.5 based on ICInsider.com’s forecast of 2020-21 earnings.
Investors traded 7,896,941 shares for $77,929,873 compared to 10,151,888 units at $94,956,792 on Monday. Wigton Windfarm led trading with 38.1 percent of total volume, after an exchange of 3 million shares, followed by Transjamaican Highway with 12.1 percent for 953,214 units and Sagicor Select Financial Fund with 8.7 percent for 686,412 units.
Trading averaged 175,488 units at $1,731,775, down from 211,498 shares at $1,978,267 on Monday. Month to date trading averaged 265,470 units at $2,355,997, versus 273,584 units at $2,412,290 on Monday. February closed with an average of 419,015 units at $2,509,660.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Caribbean Cement advanced 57 cents to $69 trading 7,841 stock units, Eppley Caribbean Property Fund shed 96 cents to end at $40.04 with 1,987 stocks crossing the market, First Rock Capital rose 79 cents to $16 trading 12,000 units, Grace Kennedy climbed $2.39 to $88.65 in the swapping of 45,795 shares. Jamaica Producers advanced $1.25 to $23 with 8,160 stocks changing hands, JMMB Group ended $1.14 higher at $32.99 with a transfer of 98,413 shares, Kingston Wharves rose 99 cents to $44.99 in exchanging 20 stock units. NCB Financial climbed $3 to $145 trading 129,630 stock units, PanJam Investment shed 50 cents to close at $67.50 after an exchange of 541 units, Proven Investments declined 50 cents to close at $33 with 31,285 shares changing hands. Sagicor Real Estate Fund fell 99 cents to $7.21, after clearing the market with 820 stocks, Salada Foods shed 80 cents to end at $41.70 with 23,847 stocks crossing the exchange, Scotia Group fell $1 to $43, transferring 293,556 shares. Seprod advanced $1.31 to $72.01 with investors switching ownership of 26,824 stock units and Supreme Ventures lost 41 cents to close at $15 after trading 127,248 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.