Up 454% for 2021

Ciboney Group added 30 cents to close at a multi-year high of $1.33 after trading 1,395,212 stocks following 3.8 million units that traded on Thursday, as the stocks post a stunning gain of 454 percent for the year to date to be the best performing Jamaica Stock Exchange-listed stock.  
ICInsider.com gleans that the rationale for the rise of the stock for a company with no earnings and very little assets could be the prospect of its use in a reverse takeover vehicle into which profitable assets can be placed to benefit from a company that is already listed on the exchange.
The market closed Friday with the All Jamaican Composite Index dipping 929.42 points to 428,964.48, the Main Index falling 912.47 points to 391,243.99 and the JSE Financial Index losing 0.56 points to settle at 99.59.
Trading ended with 46 securities changing hands, down from 49 on Thursday and closed with prices of 18 stocks rising, 18 declining and 10 remaining unchanged. The average PE Ratio closed at 17 based on ICInsider.com forecast of 2020-21 earnings.
Traders exchanged 11,266,697 shares for $57,405,399 compared to 11,779,247 units at $46,765,256 on Thursday. Transjamaican Highway led trading with 37.3 percent of total volume, after 4.20 million shares changed hands, followed by Wigton Windfarm with 14.7 percent for 1.65 million units and Ciboney Group with 12.4 percent market share for 1.40 million units.
Trading averaged 244,928 units at $1,247,943, compared to 240,393 shares at $954,393 on Thursday. The month to date averaged 388,213 units at $2,506,158 in contrast to 399,327 units at $2,608,760 on Thursday. Trading in January averaged 311,275 units at $1,432,133.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Berger Paints gained 30 cents ending at $13.31, with the swapping of 14,049 units, Caribbean Cement rose $1.50 to $63, in trading 5,650 stock units. Eppley shed 60 cents to settle at $24.10 after transferring 23,295 shares, First Rock Capital gained 50 cents to close at $16 after 4,822 units crossed the exchange. Jamaica Producers picked up 31 cents to end at $20.32, with 7,800 stocks changing hands, JMMB Group slid 70 cents to close at $32.50, with 42,418 shares clearing the market, Kingston Wharves fell $2.45 to $45.55 in swapping 11,272 stocks. MPC Caribbean Clean Energy shed $1 to $155 trading just two stock units, NCB Financial rose $1.40 to $141.40, with 113,331 shares crossing the market, 138 Student Living climbed $2.95 to $8 with 42,000 shares changing hands, PanJam Investment finished 82 cents higher at $66.02 trading 31,451 stock units. Scotia Group dropped $1 to $41 after exchanging 88,740 units, Seprod declined $2.15 to $66.85, with the swapping of 20,321 shares, Sygnus Credit Investments lost 47 cents to end at $14.43, with 26,619 stock units crossing the exchange. Victoria Mutual Investments closed 50 cents lower at $5.30, with 325,640 stocks changing hands.
In the preference segment, Eppley 8.75% preference share rose 40 cents to end at $7.40, in switching ownership of 1,000 units.

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

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