The majority of stock trading rose on Tuesday on Jamaica Stock Exchange Main Market after an exchange of 68 percent more shares worth 62 percent more than on Monday.
At the close, the All Jamaican Composite Index climbed 2,982.72 points to 428,936.51, the Main Index rose 2,680.31 points to 391,428.21 and the JSE Financial Index gained 0.29 points to settle at 103.11.
Trading ended with 45 securities changing hands compared to 41 on Monday and closed with the prices of 24 stocks rising, 13 declining and eight ending unchanged. The average PE Ratio ends at 16 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading closed with 46,789,600 shares changing hands for $269,845,318 compared to 27,815,530 units at $166,571,949 on Monday.
Transjamaican Highway led trading with 46.5 percent of total volume, after exchanging 21.77 million shares, followed by Sagicor Select Financial Fund with 32.4 percent for 15.14 million units, JMMB Group with 11.4 percent market share for 5.34 million units and Wigton Windfarm accounted for 2.2 percent of trading with 1 million units.
Trading averaged 1,039,769 units changing hands at $5,996,563 for each security, compared to an average of 678,428 shares at $4,062,730 on Monday. Trading for the month to date averaged 390,690 units at $7,005,102 for each security, versus 346,635 units at $7,073,555 on Monday. October averaged 398,200 units at $4,622,532.
The Investor’s Choice bid-offer indicator reading shows 9 stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Caribbean Cement advanced $2.90 to $60.90 with the trading of 26,059 shares, Eppley fell $2.90 to $22.10, in exchanging 1,564 units, Eppley Caribbean Property Fund climbed $2.50 to $44, with 12,622 stock units changing hands. First Rock Capital shed 94 cents to end at $12.06 after exchanging 10,392 shares, Grace Kennedy gained $3 to close at $61, with the trading of 177,009 stocks, Jamaica Broilers rose $1.50 to $27.90 in switching ownership of 13,747 stock units. Jamaica Producers finished $1.68 higher at $21.74, after clearing the market with 2,188 units, JMMB Group rose $1.10 to $33, in an exchange of 5,338,124 shares, Kingston Properties climbed 50 cents to $7.48, with 2,025 units changing hands. 
Mayberry Investments ended $1.38 higher at $7 trading 50,100 shares, Mayberry Jamaican Equities gained 93 cents to finish at $7.93, with investors swapping 30,167 stock units, NCB Financial fell $3.40 to $145.10, with an exchange of 18,559 shares. Palace Amusement declined $200 to end at $1,100, in trading 5 stock units, Pan Jam Investment rose $1.50 to $66.50, after exchanging 2,067 stock units, Proven Investments gained 79 cents to close at $39.04, trading 2,785 units. Sagicor Group advanced $2 to $50 and ending with an exchange of 309,520 shares, Salada Foods climbed $4 to close at $29, trading 7,008 units, Seprod gained $1.50 to end at $64.50 after exchanging 19,273 stock units and Sterling Investments lost 50 cents to close at $3.20 transferring 255,264 shares.
In the preference segment, Community & Workers Credit Union lost 20 cents to close at an all-time low of $1.50 after trading 6,800 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close, the All Jamaican Composite Index rose 204.81 points to 425,953.79, the Main Index advanced by 284.47 points to 388,747.9 and the JSE Financial Index gained 0.31 points to settle at 102.82.
Transjamaican Highway controlled a 12.7 percent market share with 3.54 million units and Sagicor Select Manufacturing & Distribution Fund accounted for 3.6 percent of the day’s trade in closing with one million units changing hands.
Mayberry Jamaican Equities shed 80 cents to settle at $7, after transferring 3,098 units, NCB Financial declined $1.48 to$148.50, in crossing the exchange with 714,826 shares, Palace Amusement climbed $34.99 to $1,300, with 2 units changing hands. Salada Foods fell $2.50 to $25, with 5,139 stock units crossing the market, Scotia Group rose 85 cents to end at $46.85, exchanging 10,778 shares and Seprod gained $1 to close at $63 trading 19,472 stock units.
Stocks rose to their highest level since mid-April on the Jamaican Stock Exchange Main Market in the past week, during the past week the Junior Market traded at the highest level in seven weeks, with moves in both markets confirming the bullish signal technical indicators been flashing for weeks.
Eppley lost its Main Market TOP 10 position with the price moving up from $18.97 to $20.02 and is replaced by Jamaica Producers.
The JSE Main Market ended the week, with an overall PE of 15.3 and the Junior Market 13.7, based on ICInsider.com’s projected 2020-21 earnings. The average PE ratio of the Junior Market has been slowly rising, with better profit opportunities than the Main Market and narrowing the gap. The PE ratio for the Junior Market Top 10 stocks average a mere 7.2 at just 53 percent to the average of the Junior Market. The Main Market TOP 10 stocks trade at a PE of 8.7 or 57 percent of the PE of that market.
Transjamaican Highway controlled 4 percent market share, with 1.78 million units Sagicor Select Financial Fund accounted for 3.7 percent with 1.65 million units and Wigton Windfarm controlled 3.5 percent of the market with 1.57 million units.
MPC Caribbean Clean Energy dropped $7.01 in closing at $138 trading 836 units, Pan Jam Investment closed at $65, with gains of $1.76, trading 147,995 shares, Proven Investments shed 50 cents in closing at $38, with 10,286 stock units changing hands. Sagicor Group finished at $48, after losing 50 cents exchanging 151,507 shares and Scotia Group rose 80 cents to settle at $46 trading 5,512 units.
At the close, the All Jamaican Composite Index dropped 2,741.60 points to 424,462.68, the Main Index fell by 2,536.99 points to 387,308.51 and the JSE Financial Index lost 0.60 points to settle at 102.63.
Trading averaged 263,137 units changing hands at $9,978,750 for each security, compared to 366,759 shares at $16,456,068 on Wednesday. Month to date average trade ends at 267,957 units at $5,429,235 in contrast to 268,282 units at $5,122,619 on Wednesday. Trading for October averaged 398,200 units at $4,622,532.
Jamaica Stock Exchange rose 68 cents to settle at $19, with investors switching ownership of 36,204 shares, Kingston Wharves dropped $3.90 to $45 in trading 55,000 shares, Palace Amusement dived $34.99 to $1,265.01, in an exchange of 42 units. Pan Jam Investment shed 76 cents to end at $63.24 after trading 5,898 units, Proven Investments settled at $38.50, with gains of $1.64, in clearing the market with 2,642 units, Sagicor Group gained 40 cents to close at $48.50, with 38,536 shares crossing the exchange. Seprod ended at $62, with a loss of 50 cents trading 5,503 units and Supreme Ventures rose 55 cents to $15.90, with an exchange of 26,291 stock units.
At the close, the All Jamaican Composite Index surged 7,042.47 points to 427,204.28, the Main Index jumped 6,294.46 points to 389,845.50 and the JSE Financial Index added 2.61 points to settle at 103.23.
The average trade amounts to 366,759 units at $16,456,068 for each security, compared to an average of 331,704 shares at $4,518,526 on Tuesday. The average trade for the month to date ended at 268,282 units at $5,122,619 for each security, in contrast to 259,701 units at $4,135,150 on Tuesday. Trading for October averaged 398,200 units at $4,622,532 .
NCB Financial climbed $8 to $150, with 2,760,546 shares changing hands, Pan Jam Investment advanced by $2.84 to $64 after exchanging 11,719 units, Proven Investments declined by $2.14 in closing at $36.86, in trading 2,900 units. Salada Foods shed 79 cents to end at $27.50, with an exchange of 260 units, Scotia Group fell by $2.89 in closing at $45.06, with 172,829 shares changing hands and Supreme Ventures lost 65 cents to end at $15.35, after 27,135 stock units passed through the market.
Trading ended with an average of 331,704 units changing hands at $4,518,526 for each security compared to an average of 157,521 shares at $2,873,676 on Monday. The average trade for the month to date ended at 259,701 units at $4,135,150 for each security,in contrast to 253,170 units at $4,100,373. Trading month to date compares adversely to October’s average of 398,200 units at $4,622,532.
Mayberry Jamaican Equities gained 93 cents with 9,000 stock units passing through the market to end at $7.93, NCB Financial climbed $3.50 to $142 after 462,307 units changed hands, 138 Student Living declined by $1.38 to $3.51, with the swapping of one stock unit, Proven Investments shed 80 cents to end at $39 after trading 3,894 stocks. Scotia Group rose by $1.23 to $47.95 with 254 units changed hands, Seprod ended at $62.50, with gains of $1.75 after investors switched ownership of 19,669 stock units, Supreme Ventures finished 50 cents higher at $16, in trading 43,509 shares and Victoria Mutual Investments gained 30 cents to settle at $5.40, with 84,799 shares changing hands.
At the close, the All Jamaican Composite Index advanced by 1,062.24 points to 415,313.86, the Main Index climbed 1,066.43 points to 378,895.26 and the JSE Financial Index lost 0.34 points to settle at 99.03.
Trading ends with an average of 157,521 units at $2,873,676 for each security, in comparison to an average of 297,192 shares at $8,760,017 on Friday. The average trade for the month to date ended at 253,170 units at $4,100,373 for each security, in contrast to 263,467 units at $4,232,434. Trading month to date compares adversely to October’s average of 398,200 units at $4,622,532.
Sagicor Group closed at $48, with a loss of $1 with 20,399 stock units changing hands, Scotia Group carved out a loss of $1.43, in ending at $46.72, after 726 units cleared the market, Seprod declined $3.25 to $60.75 after exchanging 11,015 units. Stanley Motta gained 45 cents to close at $5.60, with 380 units changing hands, Supreme Ventures lost 47 cents to close at $15.50 after exchanging 99,556 shares and Victoria Mutual Investments shed 58 cents in closing at $5.10, with 487,968 shares crossing the exchange.
The move in the Main Market continues the move gradually higher ahead of the year-end and is in keeping with bullish signs that points to more gains ahead.
The company is on target to earn 50 cents per share for the current financial year ending June 2021.
The PE ratio for the Junior Market Top 10 stocks average a mere 7.1 at just 54 percent to the Junior Market average. The Main Market TOP 10 stocks trade at a PE of 8.7 or 55 percent of the PE of that market.
At the close, the All Jamaican Composite Index shed 1,633.76 points to 414,251.62, the Main Index declined by 1,510.85 points to 377,828.83 and the JSE Financial Index slipped just 0.01 point to settle at 99.37. The average PE Ratio ended at 15.4 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading ended with an average of 297,192 units changing hands at $8,760,017 for each security, versus an average of 320,366 shares at $5,764,643 on Thursday. The average trade for the month to date ended at 263,467 units at $4,232,434 for each security, in contrast to 259,799 units at $3,740,044 on Thursday. Trading month to date compares adversely to October’s average of 398,200 units at $4,622,532.
MPC Caribbean Clean Energy dropped $5 in closing at $135 after clearing the market with 3,413 units. Palace Amusement declined $145.12 to end at $1,100.01, with 20 units crossing the exchange, Pan Jam Investment shed 51 cents to settle at $61 while trading 7,280 units, Portland JSX finished at $8, with a loss of 99 cents and 1,813 units trading. Proven Investments climbed $3.39 to $39.89 and finishing with an exchange of 38,609 shares, Sagicor Group fell $1 to $49 after 35,711 shares crossed the market, Scotia Group gained 40 cents to close at $48.15 trading 312,940 shares and Seprod ended 50 cents higher at $64, with an exchange of 12,704 stock units.