More gains for JSE Main Market

Wednesday marks the twelfth day of unbroken daily gains on the Jamaica Stock Exchange Main Market, in continuation of a recent renewed bullish move, with the volume of stocks traded increasing by 24 percent and the values jumping 384 percent higher than on Tuesday.
The All Jamaican Composite Index rose 937.30 points to 444,368.73, the JSE Main Index advanced 882.22 points to 404,765.12 and the JSE Financial Index remained unchanged at 100.37.
Trading ended with 52 securities, up from 50 on Tuesday and closed with prices of 19 stocks rising, 15 declining and 18 remaining unchanged. Salada Foods, Stanley Motta and Portland JSX traded at 52 weeks’ high while Margaritaville traded at a 52 weeks’ low. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings closed, averages 16.4.
Investors exchanged 12,977,111 shares for $274,593,779 up from 10,464,481 units at $56,687,872 on Tuesday. PanJam Investment led trading with 19.9 percent of total volume for 2.59 million shares followed by Transjamaican Highway with 16.5 percent for 2.14 million units, Wigton Windfarm 12.3 percent with 1.60 million units, JMMB Group chipped in with 9.6 percent for 1.25 million units and Pulse Investments with 7.8 percent for 1.01 million units changing hands.
Trading averaged 249,560 units at $5,280,650, compared to an average of 209,290 shares at $1,133,757 on Tuesday. Month to date trading averages 230,354 units at $1,717,673, in contrast to 229,131 units at $1,490,898 on Tuesday. March averaged 354,304 units at $2,543,232.
Investor’s Choice bid-offer indicator reading has six stocks ending with bids higher than the last selling prices and two with lower offers.
At the close, Barita Investments declined $1.52 to $84.98 in trading 42,001 shares, Caribbean Cement rose 75 cents in closing at $75 after exchanging 19,914 stocks, Eppley Caribbean Property Fund advanced by $1 to $41 with 60 shares changing hands. Grace Kennedy finished $1 higher at $88 in the trading of 148,802 stocks, Jamaica Broilers declined $2.64 to $29.51 after clearing the market of 98,323 shares. Jamaica Producers gained 30 cents to end at $28 with 16,874 stock units crossing the market, JMMB Group rose $1 to $33 in the swapping of 1,245,210 shares, Margaritaville shed 99 cents and ended at a 52 weeks’ low of $28, with investors switching 2,464 stocks. Mayberry Investments gained 20 cents to close at $5.35 with 42,583 stock units crossing the exchange, NCB Financial Group lost 40 cents to end at $139.60 in a transfer of 46,004 shares, Palace Amusement advanced $1 to $950 with 51 stocks crossing the exchange. PanJam Investment finished $1.10 lower at $62.52 with an exchange of 2,586,959 shares, Portland JSX rose $1.75 to close at a 52 weeks’ high of $9.75 in switching ownership of 14,852 units, Pulse Investments shed 31 cents to settle at $4.08 with the swapping of 1,014,801 stock units. Salada Foods jumped 85 cents ending at a 52 weeks’ high of $7.35 in switching ownership of 50,799 stocks. Seprod dropped $2.48 to end at $80.02 with 13,979 units changing hands, Stanley Motta rose 55 cents in closing at a 52 weeks’ high of $6.40 in transferring 1,008 stocks, Supreme Ventures ended 80 cents higher at $16.95 after trading of 147,975 shares and Sygnus Credit Investments gained 26 cents to close at $15.19 with 28,342 units crossing the market.
In the preference segment, Eppley 8.75% preference shares rose 99 cents in closing at $7.50 with 57 stock units crossing the exchange.

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

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