Guardian blasts JSE Market Index higher

The trading of Guardian Holdings shares on Jamaica Stock Exchange Main Market on Thursday saw the price surging $290.52 ending at $873 and blasting the JSE Main Index up 16,869.80 points to 422,743.06, but the better measure of the local market’s performance was the much more moderate rise of 1,416.87 points to 447,339.23 on the All Jamaican Composite Index at the same time the JSE Financial Index rose 6.31 points to 105.76.
Trading ended with 51 securities compared to 50 on Wednesday and closed with prices of 21 stocks rising, 16 declining and 14 remaining unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.5.
The market closed with 14,011,500 shares trading for $108,072,314 compared to 14,404,463 units at $119,739,515 on Wednesday. Sagicor Select Financial Fund led trading with 32.9 percent for an exchange of 4.61 million shares followed by Wigton Windfarm with 29.6 percent for 4.15 million units and QWI Investments 7.8 percent, with 1.1 million units.
Trading averaged 274,735 units at $2,119,065, compared to an average of 288,089 shares at $2,394,790 on Wednesday. Month to date trading averages 396,230 units at $5,099,715, in contrast to 437,538 units at $6,113,136 on Wednesday. April averaged 234,200 units at $1,772,561.

Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and one with lower offers.
At the close, Barita Investments advanced $3.04 to $88 in trading 23,498 units. Berger Paints rose 50 cents to $13.20 with 2,264 stocks clearing the market, Caribbean Cement finished $2 higher at $90 after exchanging 13,677 stock units, Eppley lost 23 cents to end at $34.50 with 412 stocks changing hands, Eppley Caribbean Property Fund climbed $4.04 to $44.80, with 9,004 units clearing the market, First Rock Capital fell 47 cents to $17 with the transfer of 26,006 shares. Guardian Holdings jumped $290.52 to end at a 52 weeks’ high of $873 while trading 2,899 shares, Jamaica Broilers advanced $2.20 to $33 in the swapping of 599,456 stock units, Jamaica Producers closed $3.50 higher to a 52 weeks’ high of at $31 with 156,379 stocks crossing the market, Jamaica Stock Exchange rose 63 cents to $17.80 with 2,000 stock units changing hands. JMMB Group advanced $1.10 ending at $33.10 in switching ownership of 567,724 shares, Margaritaville declined $2.38 to close at a 52 weeks’ low of $14.50 after exchanging 4,900 units, Mayberry Investments fell 60 cents to $5.60 with the transfer of 5,000 stocks. NCB Financial gained 50 cents to settle at $139 in trading 68,878 shares. 138 Student Living shed 80 cents to end at $4.20 in exchanging 2,697 shares, PanJam Investment rose $1.25 to $63.50 in exchanging 22,174 units, Proven Investments gained 75 cents to finish at $37.77 trading 7,198 stock units, Sagicor Group rose 99 cents to end at $49.49 after crossing the market with 50,855 units. Salada Foods lost 28 cents in closing at $9.70 in transferring 261,746 stock units, Stanley Motta gained 20 cents to close at $6.20 with an exchange of 3,100 shares. Supreme Ventures lost 26 cents to end at $17.24 after crossing the market with 69,748 stock units and Wisynco Group gained 52 cents to close at $15.90 with the swapping of 134,365 stock units.

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

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