JSE majors climb for a second day

The volume of shares trading climbed sharply by 66 percent, but the value fell 55 percent below Wednesday outturn as the market closed on Thursday, with the main indices adding to the previous day’s gains at the close of the Jamaica Stock Exchange Main Market.
At the close, the All Jamaican Composite Index added 1,435.41 points to 456,996.38, the JSE Main Index rose 944.89 points to end at 419,409.14 and the JSE Financial Index lost 0.07 points to 103.17.
Trading ended with 52 securities compared to 54 on Wednesday, with 22 stocks rising, 21 declining and nine remaining unchanged and three stocks traded at 52 weeks’ highs. The PE Ratio, a measure that determines an appropriate value for a stock, averages 16.3 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 12,497,532 shares trading for $46,668,151 versus 7,532,755 units at $103,655,179 on Wednesday. Radio Jamaica led trading with 34 percent of total volume for 4.24 million shares, followed by Wigton Windfarm 23.1 percent, with 2.88 million units and Sagicor Select Financial Fund 18.8 percent, with 2.35 million units changing hands.
Trading averaged 240,337 units at $897,464, compared to 139,495 shares at $1,919,540 on Wednesday. Trading month to date, averages 342,188 units at $19,740,077, in contrast to 349,306 units at $21,057,034 on Wednesday. June ended with an average of 249,610 units at $3,877,606.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Berger Paints popped $1.10 to $15 in switching ownership of 2,136 shares, Caribbean Cement shed 55 cents to $92.20 in trading 4,219 stock units, Eppley declined $3.93 to $39.70 after transferring 506 units, First Rock Capital rallied $1.02 to $14.88 in exchanging 2,942 stocks, GraceKennedy shed $1.50 to $98 with the swapping of 58,314 shares. Guardian Holdings dropped $6 to $664 in an exchange of 1,972 units, Jamaica Broilers rose 47 cents to $36.50 with 21,594 shares crossing the market, Jamaica Producers spiked $3 to $24 with an exchange of 6,400 units. Kingston Properties shed $1.46 to $8.44 in trading 3,287 stocks, Kingston Wharves popped $1.90 to $49.50 with 2,362 stock units changing hands, PanJam Investment pushed $1 higher to $65 in switching ownership of 1,021 units, Proven Investments spiked 40 cents to finish at $34.90 in exchanging 19,317 shares. Radio Jamaica popped 7 cents to end at a 52 weeks’ closing high of $2.12 after hitting a high of $2.35 in trading 4,244,290 stock units, Sagicor Group rose 60 cents to $55.60 with the swapping of 7,350 units, Scotia Group rallied 42 cents to $39.12 in exchanging 36,715 shares, Seprod fell $2.07 to $67.12 in transferring 5,569 units, Sterling Investments lost 20 cents to end at $2.80 in exchanging 140,000 stock units, Supreme Ventures dipped 24 cents to $18.95 in trading 94,131 shares and Victoria Mutual Investments popped 40 cents to end at $6.40 in switching ownership of 13,298 stock units.
In the preference segment, 138 Student Living preference share rose 97 cents to $7.47 in exchanging 400 stock units and JMMB Group 7.15% – due 2028 popped 75 cents to $3.35 with 9,961 stocks crossing the exchange.

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

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