Stocks trading on Thursday ended with the market enjoying a solid rise after more stocks declined than gained, with volume traded 36 percent higher and values climbing 133 percent than on Wednesday on the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index climbed 4,287.22 points to 436,237.85, the Main Index advanced by 3,845.10 points to 397,725.35 and the JSE Financial Index gained 0.85 points to close at 99.80.
Trading ended with 42 active securities, down from 44 on Wednesday and closed with prices of 16 stocks rising, 19 declining and seven remaining unchanged. The PE Ratio averages 19.6 based on ICInsider.com’s forecast of 2020-21 earnings.
Investors traded 13,431,167 shares trading for $176,099,298 compared to 9,893,680 units at $75,718,501 on Wednesday. Transjamaican Highway led trading with 32.8 percent of total volume, after exchanging 4.39 million shares, followed by Wigton Windfarm with 30.8 percent for 4.14 million units and Sagicor Select Financial Fund with 10.5 percent market share for 1.41 million units.
Trading averaged 319,790 units at $4,192,840, compared to 224,856 shares at $1,720,875 on Wednesday. Month to date trading averaged 284,896 units at $2,472,382, versus 280,960 units at $2,273,025 on Wednesday. February closed with an average of 419,015 units at $2,509,660.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and nine with lower offers.
At the close, Barita Investments gained 20 cents to close at $81.50 trading 677,409 shares, Carreras rose 75 cents to end at a 52 weeks’ high of $9 while exchanging 320,238 stocks. Ciboney Group declined 21 cents to 26 cents in trading 391,850 units, Eppley Caribbean Property Fund shed $1 to close at $41 with an exchange of 500 shares, First Rock Capital lost 39 cents to close at $15.86, with 20,093 stock units changing hands. Jamaica Broilers rose 90 cents to close at $30.40 with the swapping of 134,912 shares, Jamaica Producers ended 50 cents higher at $22 in transferring 20,716 stock units, Jamaica Stock Exchange gained 69 cents ending at $18.85, with 8,729 units changing hands. Key Insurance finished 22 cents higher at $4.73 in trading 111,997 stock units, Kingston Wharves advanced 98 cents to $44.99 with an exchange of 4,888 units. Mayberry Investments fell 24 cents to $5.50 in switching ownership of 46,931 shares, Mayberry Jamaican Equities shed 40 cents in closing at $7.70, crossing the market with 7,332 stocks, Palace Amusement dropped $245 to close at a 52 weeks’ low of $600 trading 265 stock units. PanJam Investment slipped 50 cents to $64.50 in exchanging 10,017 units, Proven Investments shed 85 cents ending at $33.71 in transferring 6,926 stocks.
Sagicor Group fell 99 cents to $49, with 2,825 shares crossing the market, Salada Foods climbed $3.50 to $44.50 with the swapping of 2,533 stock units, Scotia Group advanced $1.49 to $44.49, with 60,614 shares clearing the market. Seprod climbed $4.80 to close at $75.80 trading 20,614 stocks, Sterling Investments lost 32 cents in settle at $2.65 in switching ownership of 13,369 units, Supreme Ventures shed 45 cents to end at $15.50 trading 16,743 stock units and Sygnus Credit Investments advanced 54 cents to $14.99, with 33,181 shares crossing the market.
In the preference segment, JMMB Group 7.25% shed 22 cents to close at $1.45 with 790 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The All Jamaican Composite Index fell 655.57 points to 431,950.63, the Main Index shed 575.90 points to 393,880.25, while the JSE Financial Index slipped 0.19 points to settle at 98.95.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and five with lower offers.
Sagicor Group shed 61 cents in ending at $49.99 in switching ownership of 9,258 stocks, Sagicor Real Estate Fund gained 30 cents to $8.30 in a transfer of 2,466 shares, Salada Foods declined $2.90 to $41 trading 13,524 units. Scotia Group climbed $3 to $43 with 48,977 stock units crossing the market, Seprod rose $1 to $71, with 4,972 stocks changing hands, Supreme Ventures gained 30 cents in ending at $15.95 with 805,261 units crossing the exchange. Sygnus Credit Investments fell 26 cents to $14.45, trading 15,239 stocks and Wisynco Group shed 24 cents to close at $15.95 with the swapping of 36,249 stock units.
The All Jamaican Composite Index shed 1,460.68 points to close at 432,606.20, the Main Index fell 1,381.93 points to 394,456.15 and the JSE Financial Index shed 0.63 points to end at 99.14.
Investor’s Choice bid-offer indicator reading has 11 stocks ending with bids higher than their last selling prices and four with lower offers.
Salada Foods fell 60 cents to $43.90 trading 11,179 units, Scotia Group ended $3.99 lower at $40 with the swapping of 65,792 stock units, Supreme Ventures gained 21 cents to close at $15.65 in switching ownership of 20,943 shares. Sygnus Credit Investments fell 39 cents to $14.71 after exchanging 43,500 stock units and Wisynco Group gained 28 to end at $16.19, with 40,072 stock units changing hands.
The All Jamaican Composite Index rose 112.20 points to 434,066.88, the Main Index rose 101.54 points to 395,838.08 and the JSE Financial Index gained 0.25 points to settle at 99.77.
Investor’s Choice bid-offer indicator reading has eight stocks ending with bids higher than their last selling prices and six with lower offers.
Proven Investments rose 65 cents to $34.56, with the swapping of 138,367 shares, Salada Foods ended 50 cents higher at $44.50 after transferring 25,275 units. Scotia Group advanced 99 cents to $43.99 in exchanging 789 stocks, Seprod rose $1.81 to end at $70 trading 3,703 units and Sterling Investments gained 24 cents to close at $3.01 in switching ownership of 181 stocks.
The market indices just held above the negative zone for the year at the close, with the All Jamaican Composite Index declining 1,211.78 points to 433,954.68. The JSE Main Index fell 1,096.63 to 395,736.54 and the JSE Financial Index lost 0.38 points to settle at 99.52.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and two with lower offers.
138 Student Living lost 40 cents to close at $5.60 in an exchange of 100 units, Palace Amusement dropped $83.28 to close at $801.72, after exchanging 73 units, PanJam Investment rose $2 to $68 with the swapping of 19,468 stock units, Proven Investments climbed 71 cents to $33.91 trading 84,673 units. Sagicor Group shed 60 cents to $50.50 in switching ownership of 131,285 stock units. Salada Foods fell 50 cents to $44 with an exchange of 1,700 stocks, Scotia Group climbed $2.99 to $43 trading 565,293 shares, Supreme Ventures lost 64 cents to close at $15.31 in exchanging 11,850 units and Wisynco Group fell 33 cents to $15.90 and finishing trading of 133,175 stock units.
The All Jamaican Composite Index rose 1,755.38 points to 435,166.46, the Main Index gained 1,609.90 points to 396,833.17, but the JSE Financial Index lost 0.17 points to settle at 99.90.
Trading for the day averaged 242,367 units at $2,066,102, compared to 411,240 shares at $1,482,838 on Wednesday. Month to date trading averaged 328,734 units at $1,776,771, in contrast to 358,582 units at $1,676,782 on Wednesday. February closed with an average of 419,015 units at $2,509,660.
Sagicor Group shed 80 cents to $51.10 with the swapping of 74,129 stock units, Salada Foods rose $5.99 to $44.50 in an exchange of 38 units. Scotia Group fell $2.49 to end at $40.01 trading 40,887 shares, Seprod declined $1.77 to $68.23 in a transfer of 74,108 stock units, Sterling Investments lost 23 cents to end at $2.77 in exchanging 1,643,311 units. Supreme Ventures rose 95 cents to $15.95 trading 36,943 shares and Wisynco Group gained 23 cents to $16.23, with 25,585 units changing hands.
The All Jamaican Composite Index fell 2,201.29 points to 433,411.08, the Main Index dropped 1,957.22 points to 395,223.27 and the JSE Financial Index lost 0.51 points to settle at 100.07.
Trading averaged 411,240 units at $1,482,838 for each security, compared to an average of 303,306 shares at $1,419,986 on Tuesday. Trading month to date averaged 358,582 units at $1,676,782 for each security, in contrast to 336,641 units at $1,757,591 on Tuesday. February closed with an average of 419,015 units at $2,509,660.
NCB Financial declined $1 to $141, with 53,913 stock units crossing the market, Palace Amusement dropped $67.03 to $885, with 210 units changing hands, PanJam Investment finished 90 cents lower at $64.10 trading 8,674 stock units. Proven Investments advanced $1.75 to $39, with an exchange of 35,591 stocks, Sagicor Real Estate Fund rose 43 cents to $8.35 with the swapping of 15,997 shares, Salada Foods declined $2.99 to $38.51 with 8,295 units clearing the market. Stanley Motta gained 34 cents to close at $5.35 after exchanging 212 units and Supreme Ventures fell $1.20 to $15 in transferring 90,750 stocks.
The All Jamaican Composite Index declined 1,342.33 points to 435,612.37, the Main Index shed 1,189.08 points to 397,180.49, and the JSE Financial Index gained 0.23 points to settle at 100.58.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and none with a lower offer.
Portland JSX shed $1.40 to close at $7.10 in transferring 6,500 stocks, Proven Investments fell $2.15 to $37.25, after an exchange of 26,284 units, Sagicor Group advanced $1.90 to $52, with 20,712 stocks clearing the market. Sagicor Real Estate Fund fell $1.07 to $7.92 in a transfer of 379 stocks, Salada Foods rose 50 cents to $41.50 after trading 9,418 stocks. Scotia Group climbed $1.50 to $42.50, with 34,379 shares changing hands, Seprod gained 50 cents to end at $70 in trading 9,783 stocks and Stanley Motta shed 34 cents to $5.01, with 16,000 stock units crossing the market.
Several stocks posted strong gains leading the market into positive for the year to date, for only the second time since the start of the year, with January 5th being the only other day the market recorded gains over the 2020 close. The All Jamaican Composite Index climbed 4,304.98 points to 436,954.70 at the close, the Main Index advanced 3,840.76 points to 398,369.57, but the JSE Financial Index slipped 037 points to 100.35.
Palace Amusement dropped $49 to $801, with 683 shares crossing the market, PanJam Investments rose $1 to $65, in an exchange of 13,660 stocks, Portland JSX ended $1.40 higher at $8.50, with the swapping of 2,000 units,
The market should move higher during the coming week following record breaking results by
Trading for the day averaged 759,048 units at $2,394,191, Thursday ended with an average of 338,795 shares at $1,351,229. Trading month to date averaged 419,015 units at $2,509,660 for each security, in contrast to 399,667 units at $2,516,231 on Thursday. January closed with an average of 311,275 units at $1,432,133.
Sagicor Real Estate Fund picked up 48 cents to close at $8.30, after 155,883 shares crossed the market, Salada Foods climbed $3.50 to $44, exchanging 97 stocks. Scotia Group lost 50 cents in ending at $42.50 trading 34,852 units, Seprod shed 54 cents to $69, with the swapping of 8,011 shares, Stanley Motta gained 35 cents to settle at $5.35, with 50 units clearing the market. Sterling Investments ended 36 cents higher at $3 in an exchange of 33,207 stock units and Supreme Ventures climbed $1.60 to $16.90 with 138,316 units changing hands.