Stocks mostly rose on the Main Market of the Jamaica Stock Exchange at the close on Friday after an exchange of more than 19 times the number of shares and a 24 percent increase in the value than on Thursday as the bullish tone of the market continues.
At the close, the All Jamaican Composite Index advanced 3,600.36 points to 435,722.68, the Main Index climbed 3,258.67 points to 397,474.41 and the JSE Financial Index gained 0.83 points to settle at 104.25.
Trading ended with stocks of 41 companies changing hands compared to 38 on Thursday with the prices of 17 stocks rising, 11 declining and 13 remaining unchanged.
The average PE Ratio closed at 15.9 based on ICInsider.com’s forecast of 2020-21 earnings.
Investors exchanged 229,254,233 shares at $226,718,055 compared to 12,009,747 units at $182,824,365 on Thursday. Sagicor Select Financial Fund led trading with 95.3 percent of total volume, after exchanging 218.40 million shares followed by Wigton Windfarm with 2.1 percent of the day’s trade for 4.81 million units and Transjamaican Highway with 1.4 percent market share for 3.10 million units.
Trading averaged 5,591,567 units at $5,529,709 for each security, versus 316,046 shares at $4,811,167 on Thursday. Month to date average ended with 639,789 units at $6,875,412 for each security, compared to 382,145 units at $6,945,430. October averaged 398,200 units at $4,622,532.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of trading, Barita Investments gained 45 cents to settle at $84.50, in exchanging 101,656 shares, Caribbean Cement advanced by $2 to $61, with investors swapping 3,296 units, Eppley rose $2.20 to $24.45, after 19,640 stock units passed through the market. Grace Kennedy ended $3.86 higher at $67, with 328,868 shares changing hands, Jamaica Stock Exchange rose 88 cents to $19.50 after exchanging a mere 100 units, JMMB Group advanced by $2 to $35, in trading 334,276 shares.
Key Insurance closed at $10.35 and rose to $1.75 after trading 287,658 shares, MPC Caribbean Clean Energy declined by $4.50 to $145.50, in crossing the market with 224 units, Pan Jam Investment fell $1.05 to $67.10 trading 25,670 stock units. Proven Investments climbed $2.22 to $39.02, with an exchange of 56 units, Scotia Group advanced $2.89 to $47.99, with investors swapping 45,993 stock units, Stanley Motta shed 80 cents to close at $4.70, in crossing the market with 5,500 units and Supreme Ventures loss of 50 cents to end at $17.50, after 145,808 shares passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of the market, trading ended with six securities changing hands, the same as on Thursday and ended with the price of one rising and the five remaining unchanged.
At the close of the market, First Rock Capital Investment closed at 8.65 US cents trading 234 units, Margaritaville remained at 13 US cents, in crossing the exchange with 100 units, MPC Caribbean Clean Energy ended at US$1.15 after trading 30 units. Proven Investments closed at 25 US cents, after exchanging 19,400 stock units, Sygnus Credit Investments rose 0.49 of a cent to 15.99 US cents, with an exchange of 36,236 shares and Transjamaican Highway settled at 0.90 of 1 US cent, in a transfer of 371,882 shares.
At the close of trading six securities changing hands compared to four on Wednesday and ended with the price of one declining and five remaining unchanged.
At the close of trading, Margaritaville closed at 13 US cents, trading 524 shares, Productive Business Solutions remained at 66 US cents, with an exchange of 29 units. Proven Investments ended at 25 US cents after a transfer of 22,692 shares, Sygnus Credit Investments remained at 15.50 US cents trading 8,753 stock units and Transjamaican Highway lost 0.03 of a cent to settle at 0.90 of 1 US cent with an exchange of 4,500 units.
At the close, the All Jamaican Composite Index slipped just 210.35 points to 432,122.32, the Main Index eased 230.64 points to 394,215.74 and the JSE Financial Index edged 0.02 points lower to 103.42.
Transjamaican Highway with 16.3 percent market share for 1.96 million units and Wisynco Group accounted for 14.6 percent with 1.75 million units changing hands.
Kingston Wharves climbed $2.75 to $48.45, with 1,375 shares changing hands, Mayberry Jamaican Equities closed 36 cents higher at $8.15 in exchanging 12,000 stock units, NCB Financial climbed $2.50 to $148.50, with a transfer of 58,915 shares. Palace Amusement jumped $100 to $1,200 after an exchange of 34 units, PanJam Investment gained $1.05 to close at $68.15, trading 31,652 stock units, Proven Investments fell by $1.88 to $36.80 after switching ownership of 9,831 shares. Sagicor Group rose 89 cents to $51, with 2,172,115 shares changing hands and Supreme Ventures gained $1.52 to close at $18 trading 45,204 shares.
At the close, the All Jamaican Composite Index advanced by 3,396.16 points to 432,332.67, the Main Index climbed 3,018.17 points to 394,446.38 and the JSE Financial Index rose 0.33 points to settle at 103.44.
Pan Jam Investment finished at $67.10, with gains of 60 cents after clearing the market with 18,832 units, Proven Investments lost 36 cents to settle at $38.68, with the swapping of 14,106 stock units, Pulse Investments ended at $4.58 after losing 31 cents and exchanging 443,745 shares. Salada Foods fell $1 to $28, in transferring 24,249 stock units, Scotia Group declined $1.71 to $45.14, in clearing the market with 11,685 units, Seprod shed 50 cents to settle at $64, with 1,163 stocks passing through the market. Sterling Investments gained 50 cents to end at $3.70, with the switching of 330 units, Supreme Ventures gained 48 cents to finish at $16.48 after trading 162,359 shares and Wisynco Group closed 49 cents higher at $16, with 437,353 stocks passing through the market.
Trading ended with four securities changing hands, the same as on Tuesday and closed with the price of two stocks rising, one declining and one remaining unchanged.
At the close of the market, Proven Investments lost half a cent to end at 25 US cents, after trading 12,853 shares, Sygnus Credit Investments gained 1.34 US cents to close at 15.50 US cents, with 117,690 stock units changing hands and Transjamaican Highway inched 0.08 of a cent higher, to end at 0.93 of one US cent, with 97,000 units crossing the exchange.
At the close, the All Jamaican Composite Index climbed 2,982.72 points to 428,936.51, the Main Index rose 2,680.31 points to 391,428.21 and the JSE Financial Index gained 0.29 points to settle at 103.11.
Trading averaged 1,039,769 units changing hands at $5,996,563 for each security, compared to an average of 678,428 shares at $4,062,730 on Monday. Trading for the month to date averaged 390,690 units at $7,005,102 for each security, versus 346,635 units at $7,073,555 on Monday. October averaged 398,200 units at $4,622,532.
Mayberry Investments ended $1.38 higher at $7 trading 50,100 shares, Mayberry Jamaican Equities gained 93 cents to finish at $7.93, with investors swapping 30,167 stock units, NCB Financial fell $3.40 to $145.10, with an exchange of 18,559 shares. Palace Amusement declined $200 to end at $1,100, in trading 5 stock units, Pan Jam Investment rose $1.50 to $66.50, after exchanging 2,067 stock units, Proven Investments gained 79 cents to close at $39.04, trading 2,785 units. Sagicor Group advanced $2 to $50 and ending with an exchange of 309,520 shares, Salada Foods climbed $4 to close at $29, trading 7,008 units, Seprod gained $1.50 to end at $64.50 after exchanging 19,273 stock units and Sterling Investments lost 50 cents to close at $3.20 transferring 255,264 shares.
At the close of the market, First Rock Capital Investment gained 0.05 of a cent and closed at 8.65 US cents in an exchange of 1,055 units, Productive Business Solutions remained at 66 US cents, with 51 units changing hands, Proven Investments lost 0.48 of a cent to end at 25.50 US cents, in trading 300 units and Transjamaican Highway remained at 0.85 of 1 US cent after a transfer of 200,000 shares.
At the close, the All Jamaican Composite Index rose 204.81 points to 425,953.79, the Main Index advanced by 284.47 points to 388,747.9 and the JSE Financial Index gained 0.31 points to settle at 102.82.
Transjamaican Highway controlled a 12.7 percent market share with 3.54 million units and Sagicor Select Manufacturing & Distribution Fund accounted for 3.6 percent of the day’s trade in closing with one million units changing hands.
Mayberry Jamaican Equities shed 80 cents to settle at $7, after transferring 3,098 units, NCB Financial declined $1.48 to$148.50, in crossing the exchange with 714,826 shares, Palace Amusement climbed $34.99 to $1,300, with 2 units changing hands. Salada Foods fell $2.50 to $25, with 5,139 stock units crossing the market, Scotia Group rose 85 cents to end at $46.85, exchanging 10,778 shares and Seprod gained $1 to close at $63 trading 19,472 stock units.
Five securities changed hands on Monday compared to two on Friday and closed with the prices of one stock rising, three falling and one remained unchanged.
At the close of the market, First Rock Capital Investment remained at 8.6 US cents after exchanging 1,743 shares, Productive Business Solutions lost 9 US cents to close at 66 US cents, with 609 stock units trading, Proven Investments rose 2.76 US cents to 25.98 US cents after the trading of 31,318 units. Sygnus Credit Investments lost 1.83 US cents to settle at 14.16 US cents while exchanging 6,472 shares and Transjamaican Highway lost 0.04 of a cent and settled at 0.85 of a US cent after exchanging 349,996 units.
