10 days of uninterrupted gains

Stocks prices gained on Monday, with the market rising for the tenth consecutive trading day as the market continues to build on its recent break from the triangular formation that constrained its upward movement up to recently. The market closed with the volume of shares exchanged dropping 44 percent with a 55 percent loss in value compared to Friday when trading on the Jamaica Stock Exchange Main Market ended.
Trading was halted towards the original close after the trading platform encountered problems, closing market activity until minutes to 3 pm ahead of the close for the day.
The All Jamaican Composite Index rose 873.62 points to 443,164.19 but went as high as 445,002.01 in the early morning session. The Main Index advanced 804.80 points to 403,647.40 and the JSE Financial Index gained 0.12 points to settle at 100.56.
Trading ended with 52 securities similar to Friday and closed with prices of 20 stocks rising, 16 declining and 16 remaining unchanged. The PE Ratio closed, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.1.
Investors traded 7,978,781 shares trading for $49,570,730 compared to 14,183,739 units at $110,730,479 on Friday. Sagicor Select Financial Fund led trading with 24 percent of total volume for an exchange of 1.91 million shares followed by Transjamaican Highway with 18.1 percent for 1.45 million units and Wigton Windfarm with 11.1 percent for 882,395 units.
Trading averaged 153,438 units at $953,283, down from 272,764 shares at $2,129,432 on Friday. Month to date trading averages 230,425 units at $1,514,180, in contrast to 235,024 units at $1,554,972 on Friday. March averaged 354,304 units at $2,543,232.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Cement advanced $2.95 to close at a 52 weeks’ closing high of $75.95 with 196,318 shares crossing the market, Eppley ended $2.74 higher at $34.74 in switching ownership of 1,297 stock units, Eppley Caribbean Property Fund declined $4 to $40 with 300 units crossing the exchange. Jamaica Producers rose 50 cents to close at $28.50 in the trading of 12,166 shares, Jamaica Stock Exchange gained 38 cents to finish at $17.99 in exchanging 23,230 stocks. JMMB Group shed 49 cents in ending at $32.50 finishing with a transfer at 39,539 shares Key Insurance fell 38 cents to $5.60 after an exchange of 268,004 stock units. Kingston Wharves lost 20 cents to end at $43.60 with 14,639 shares changing hands, Margaritaville finished $2 higher at $30 with the swapping of 2,736 units, Palace Amusement climbed $70 in closing at $940 in an exchange of 112 stocks, PanJam Investment advanced $3 to $66 after a transfer of 3,241 units, Pulse Investments lost 20 cents to close at $4.20 in switching ownership of 592,233 shares. Salada Foods gained 43 cents to close at a 52 weeks’ high of $6.93 in the trading of 118,708 stock units. Scotia Group gained 60 cents to end at $42.50 after exchanging 53,675 units, Seprod fell 50 cents to $82 with the swapping of 6,856 stocks and Victoria Mutual Investments gained 52 cents to end at $6.45 with 254,746 stock units changing hands.
In the preference segment, JMMB Group 7.25% shed 33 cents to close at $2.50 in trading 48 stocks and JMMB Group 7.15% – 2028 lost 30 cents to close at $2.70 in exchanging 501 stock units.
In the corporate bond market, Guardian Holdings bond due 2025 traded 49,995,000 units and lost $3.01 to end at $101.28.

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

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