Major rebound for Main Market

Trading activities returned to more normal levels on Tuesday, with the market rebounding from a massive 12,000 plus points drop of the All Jamaican Composite Index on Monday. The market closed on Tuesday, with more stocks rising than declining, but with a 65 percent drop in volume after 87 percent less funds chased stocks than on Monday on the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index climbed 9,180.51 points to 444,936.95 after the index rose to a high in the morning session to 449,375.45. The Main Index advanced 8,254.00 points to 405,057.23 and the JSE Financial Index rose 1.11 points to settle at 99.34.
Trading ended with 48 securities compared to 52 on Monday and closed with prices of 20 stocks rising, 18 declining and 10 remaining unchanged as two stocks closed at 52 weeks’ high and one at a 52 weeks’ low. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.4.
The market closed with 13,252,508 shares trading for $91,030,300 compared to 37,973,727 units at $706,200,616 on Monday. Wigton Windfarm led trading with 26 percent of total volume for an exchange of 3.44 million shares, followed by Transjamaican Highway with 19.74 percent for 2.62 million units and Radio Jamaica 10.8 percent, with 1.43 million units.
Trading averaged 276,094 units at $1,896,465, compared to 730,264 shares at $13,580,781 on Monday. Month to date trading averages 512,262 units at $7,972,309. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator reading has 11 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Berger Paints shed 80 cents to close at $12.70, trading 16,246 shares. Caribbean Cement advanced $3 to end at $90 with 66,131 stock units changing hands, Eppley gained 24 cents in ending at $34.74 with the transfer of 8,667 units, Eppley Caribbean Property Fund closed 74 cents lower at $40 after crossing the market with 14,250 stock units. First Rock Capital declined $1.09 to $17.50 trading 9,372 units, Jamaica Producers advanced $3 to a 52 weeks’ high of $30 after exchanging 63,913 shares, Jamaica Stock Exchange gained 26 cents in closing at $17.31 with the swapping of 1,615 stock units. JMMB Group shed 90 cents to settle at $31.90 in switching ownership of 86,169 shares, Margaritaville declined $2.99 to a 52 weeks’ low of $17.01 with the transfer of 3,101 units. Mayberry Investments lost 65 cents to end at $5.25 in an exchange of 96,817 stocks, Mayberry Jamaican Equities fell $1.79 to close at $7.20 after crossing the market with 52,300 shares, NCB Financial rose $1 to $139 with an exchange of 26,195 units. Palace Amusement climbed $49.50 to $900 with 252 stocks changing hands, PanJam Investment fell $3 in closing at $61 in trading 133,113 shares, Sagicor Group rose $1.01 to end at $48.51 after exchanging 47,529 stocks, Salada Foods continues its relentless rise, with a gain of 35 cents in ending at 52 weeks’ high of $9.50 in an exchange of 270,188 shares. Scotia Group advanced $2.30 to $41.80 with the transfer of 224,092 stocks, Seprod gained 55 cents to close at $80 in switching ownership of 24,938 shares, Stanley Motta ended 50 cents higher at $6 trading 4,665 stocks. Supreme Ventures picked up 48 cents to finish at $17.95 in swapping 721,683 shares and Wisynco Group lost 40 cents to end at $15.35 with 272,429 units changing hands.

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

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