Main market stocks indices tumbled on Friday, the last trading day of the month even as more stocks recorded gains than losses but the market is still up 32 percent for the year to date.
At the close, JSE All Jamaican Composite Index declined 2,858.47 points to close at 550,616.84, the JSE Market Index dropped 2,590.18 points to 501,372.48 and the JSE Financial Index lost 0.96 points to close at 136.19.
The market closed with 44 securities changing hands in the main and US dollar markets with 18 stocks advancing, 14 declining and 12 trading firm. Main market activity ended with 40 securities accounting for 37,782,232 units valued at $133,425,390, in contrast to 14,106,882 units valued at $179,446,025 on Thursday from 38 securities.
Sagicor Select Funds dominated trading with 17.7 million shares for 47 percent of the day’s trade, Wigton Windfarm with 12.2 million shares and 32 percent and QWI Investments with 4.5 million shares and 12 percent of the overall volume.
The market closed with an average of 944,556 units valued at an average of $3,335,635 for each security traded, in contrast to 371,234 units for an average of 4,722,264 on Thursday. 
The average volume and value for the month to date amounts to 653,621 units valued at $8,699,916 and previously, an average of 638,084 units valued at $8,537,415 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 19 stocks ending with bids higher than their last selling prices and 1 with lower offers. The PE ratio of the market ended at 18.1 with the main market ending at 19.1 times current year’s earnings.
In the premier market, Barita Investments lost 41 cents to end at $70.59 trading 105,666 shares, Caribbean Cement climbed $1.99 to $79, with 39,047 shares changing hands, Jamaica Broilers gained 99 cents to end at $38, in swapping 49,919 shares. Jamaica Producers rose to $25.50, after gaining $1.50 in swapping 385,895 shares, Jamaica Stock Exchange closed 49 cents higher to $27, with an exchange of 116,951 shares, JMMB Group gained 70 cents to settle at $46.90, with 624,479 shares changing hands. Kingston Wharves added $1.78 to close at $58.78 trading 931 units, Mayberry Investments lost $1.80 to settle at $8.20, in transferring 4,998 shares, Mayberry Jamaican Equities ended at $11.60, after losing 60 cents and swapping 201,944 shares. NCB Financial Group climbed $3 to $208 after 28,093 units changed hands, 138 Student Living gained 40 cents, ending at $4.30, trading 11,608 shares, PanJam Investment settled at $102, after gaining $1 and swapping 19,075 shares. Pulse Investments lost 55 cents to close at $4.20, in an exchange of 100,000 shares, Sagicor Group lost 49 cents to settle at $66.11, with 27,953 shares changing hands, Sagicor Real Estate Fund rose 95 cents to $11.75, with 584,870 shares crossing the exchange. 
Scotia Group dropped $1.98 to $53.02, in transferring 169,848 shares, Seprod ended at $50.89 after losing 80 cents in trading 48,617 shares, Stanley Motta climbed 90 cents to $6.30, after swapping 25,600 units and Sygnus Credit Investments closed 64 cents higher, ending the day at $23.64 with 52,609 shares changing hands.
Trading in the US dollar market closed with 300,150 units valued at US$71,418 with the market index falling 4.48 points to close at 207.39. Productive Business Solutions lost 1 US cent trading 2,125 units, ending the day at 59 US cents, Proven Investments closed at 30.02 US cents, after losing 1.98 US cents in trading 197,049 shares, Sygnus Credit Investments exchanged 69,704 shares at 14 US cents and Sterling Investments lost half a US cent to close at 2 US cents with 31,272 units changing hands.
Archives for November 2019
Demand builds for Witco stock
Demand for West Indian Tobacco shares continues to build with the price adjusted for the 3 for one split bids to buy rising to 19,265 units at $40 well up on the adjusted last sale price of $34.98, but there are no stocks offered for sale.
In the overall market on Friday, investors traded 395,492 shares at $3,053,292 from an exchange of 15 securities, against 13 on Thursday, when 183,089 shares traded at $4,447,289.
At the close of the market, the prices of 4 stocks rose, 4 declined while 7 remained unchanged, leading the Composite Index to rise 6.17 points to 1,426.46. The All T&T Index rose 12.19 points to 1,781.86, while the Cross Listed Index added 0.01 points to close at 145.16.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 4 stocks with bids lower than their last selling prices and none with a lower offer.
Gains| Massy Holdings gained $1.75 completed trading at a 52 weeks’ high of $59.75, with 180 stock units changing hands, National Flour gained 1 cent and finished trading at $1.36 after swapping of 2,000 shares. Republic Financial jumped $4.01 concluded at $130.00, with 1,617 stock units changing hands and Trinidad & Tobago NGL rose 5 cents and ended trading of 15,811 shares at $21.05.
Losses| First Citizens Bank fell 90 cents and settled at $42.10, in swapping 50 shares, Grace Kennedy closed with a loss of 4 cents at $3.44, after exchanging 1,311 shares, JMMB Group shed 6 cents and completed trading of 201,768 shares at $2.40. Sagicor Financial declined 25 cents to end at $10.75, with investors exchanging 150,706 shares.
Firm Traded| Clico Investment Fund concluded at $24.36, with 1,700 units, Ansa Mcal completed trading at $53.99, swapping of 10 shares, Guardian Holdings ended at $18.50, after exchanging 2,256 shares. Guardian Media settled at $7.80, with 4,000 units trading, NCB Financial settled at $11, with 11,816 units changing hands, Scotiabank settled at $59.75, after exchanging 1,267 shares and Unilever Caribbean ended at $23.50, with investors exchanging 1,000 shares.
Prices of securities trading are those at which the last trade took place.
Junior Market activities rise
Junior Market activities ended on Friday with 29 securities changing hands, from 32 on Thursday, resulting in an exchange of 2,703,365 shares costing $18,646,706, compared to 9,668,717 units for $14,175,803 on Thursday.
At the close, the market index rose 18.14 points to 3,374.07, resulting from gains in 15 securities and declines in 7 while the prices of 7 remained unchanged and moving the market’s average PE to 14.8.
Trading ended with an average of 93,219 units for $642,990 for each stock traded, in contrast to 302,147 units, for an average of $442,994 on Thursday. The average volume and value for the month to date amounts to 120,579 shares at $506,880 and previously 121,954 shares at $524,208, for each security traded. In contrast, October closed with an average of 186,927 units valued at $788,734 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator with 10 stocks ending with bids higher than their last selling prices and 5 with lower offers.
At the close of the market, Access Financial lost 32 cents trading 43,201 units to finish at $36.68, CAC 2000 climbed $3 to settle at $13 with 100 shares changing hands, Caribbean Cream closed 33 cents higher at $4.40, with 1,000 stock units trading. Caribbean Flavours jumped $4.90 to end at $17.90 with 29,194 units crossing the market, Derrimon Trading gained just 1 cent to end at $2.65 with 64,246 stock units changing hands, Dolphin Cove closed with a loss of 10 cents at $11.10, in swapping of 9,300 shares. Elite Diagnostic climbed 2 cents and exchanged 4,500 shares at $5.32, Everything Fresh shed 15 cents in trading of 4,600 units at $1.10, Express Catering climbed 18 cents and exchanged 28,419 shares at $6.38. Fosrich closed 20 cents higher at $4.90, with 35,045 stock units trading, Fontana closed trading of 1,809,050 units and gained 60 cents to end at $7.80, General Accident lost 6 cents to end at $7.69, while trading 7,362 shares, GWest Corporation ended with 50,406 shares trading, after rising 3 cents to end at $1. Honey Bun closed 50 cents higher at $7, with 19,297 stock units crossing the exchange, 
Knutsford Express traded 57,500 units and gained 82 cents to end at $11. KLE Group fell 30 cents in trading of 25,000 units at a 52 weeks’ low of $1.40, Lasco Distributors closed trading of 161,966 units and gained 20 cents to end at $3.50. Lasco Financial closed trading of 49,351 units and gained 11 cents to end at $4.50, Lasco Manufacturing exchanged 18,705 shares, after rising 3 cents to end at $5.05, Limners and Bards climbed 18 cents and traded 29,455 shares at $3, Paramount Trading shed 4 cents in a transfer of 21,750 units at $1.96 and Stationery and Office Supplies fell 45 cents in trading of 4,921 units at $11.05.
Prices of securities trading for the day are those at which the last trade took place.
Buoyant JSE main market
Palace jumps $800 to a record of $2,900.
Jamaica Stock Exchange prime market continues to experience buoyant levels ended with 38 securities accounting for 14,106,882 units valued at $179,446,025, in contrast to 19,155,083 units valued at $180,757,266 from 38 companies trading on Wednesday.
By contrast, for the same period last year, 32 securities traded and resulted in investments of $158,769,688 and on the Wednesday 27 securities changed hands accounting to $136,855,615.
The market closed on Thursday, with 40 securities changing hands in the main and US dollar markets with 17 advancing, 12 declining and 11 trading firm. Trading resulted in the JSE All Jamaican Composite Index inching 7.67 points higher to 553,475.31, the JSE Market Index rose 102.37 points to 503,962.66 and the JSE Financial Index added 0.11 points to close at 137.15.
Wigton Windfarm dominated trading with 5.3 million shares for 38 percent of the day’s trade, Sagicor Select Funds with 3.4 million units and 24 percent and QWI Investments with 2 million shares and 14 percent. Barita Investments was the only other stock trading more than 1 million shares ending with 1.48 million units amounting to 11 percent of the day’s trade but with $104 million accounting for 58 percent of the total value in the min market.
The market closed with an average of 371,234 units at $4,722,264 for each security traded, in contrast to 504,081 units for an average of 4,756,770 on Wednesday. The average volume and value for the month to date amounts to 638,084 units for $8,537,415 and previously, an average of 652,346 units valued at $8,751,876 for each security changing hands. The market closed out October with an average of 957,488 units for $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 13 stocks ending with bids higher than their last selling prices and 2 with lower offers. The PE ratio of the market ended at 18.0 with the main market ending at 18.9 times 2019 current year’s earnings.
In the premier market, Barita Investments closed $1 lower to $71, in exchanging 1,477,914 shares, Eppley Caribbean Property Fund climbed $2.90 to end at $35.90, with 2,900 stock units changing hands, Grace Kennedy added 56 cents to close at $65.0, in exchanging 372,028 units, Jamaica Broilers lost 99 cents to settle at $37..01 trading 35,432 shares. Jamaica Producers gained $1 to end at $24, after swapping 11,992 stock units, Jamaica Stock Exchange lost 49 cents in trading 51,320 units to close at $26.51, JMMB Group dropped $1.65 to settle at $46.20, with 287,342 units changing hands. 
Kingston Wharves climbed $2 to $57 trading just 250 units, Mayberry Investments gained $1 to close at $10, with 46,680 shares changing hands, Mayberry Jamaican Equities ended at $12.20, after gaining $1.20 in swapping 181,769 stock units, MPC Caribbean Clean Energy closed 50 cents higher to $230, after 797 units changed hands. 138 Student Living lost 72 cents and ended at $3.90 with 100,000 shares trading, Palace Amusement surged $800 higher to a record high of $2,900 in trading a mere 100 units, PanJam Investment traded 1,300 shares and settled at $101, after losing $1. Portland JSX rose 40 cents to $8.50, after exchanging 2,203 stock units, Proven Investments closed $1.50 higher to $48, in an exchange of 10,336 shares. Sagicor Group lost 40 cents to settle at $66.60, with 40,625 stock units changing hands, Sygnus Credit Investments ended at $23 with gains of 65 cents trading 26,000 shares and Wisynco Group closed 99 cents higher, ending the day at $24 with 101,734 units changing hands.
Trading in the US dollar market closed with 307,111 units valued at US$103,211 with the market index declining 3.21 points to close at 211.87. Proven Investments closed at 32 US cents, after gaining 1.8 US cents trading 302,111 shares and JMMB Group 5.75% preference share gained 2 US cents to end at US$2.02 with 5,000 shares changing hands.
Junior Market activities surge
Investors pushed Junior Market activities higher on Thursday with 32 securities changing hands up from 30 on Wednesday, resulting in an exchange of 9,668,717 units for $14,175,803, compared to 977,621 units at $4,392,917 on Wednesday.
At the close, the market index jumped 38.52 points to close at 3,355.93, resulting from 10 securities rising and 7 declining while the prices of 15 remained unchanged and the market’s average PE standing at 14.6.
Trading ended with an average of 302,147 units for an average of $442,994 in contrast to 32,587 units for an average of $146,431 on Wednesday. The average volume and value for the month to date amounts to 121,954 shares at $524,208 and previously 111,374 shares at $528,977, for each security traded. In contrast, October closed with an average of 186,927 units valued at $788,734 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator with 9 stocks ending with bids higher than their last selling prices and 7 with lower offers.
At the close of the market, Access Financial climbed $8 to settle at $37 with 68,059 shares changing hands, Blue Power lost 5 cents at $6.90, in swapping 6,743 units, Caribbean Flavours added 5 cents after exchanging 4,702 stock units at $13. Dolphin Cove gained $1.90 to end at $11.20 in trading 3,196 shares, Derrimon Trading ended with a loss of 1 cent at $2.64 with 7,405 stock units changing hands, Express Catering fell 20 cents trading 650 units at $6.20, Everything Fresh ended with 8,910,186 shares crossing the exchange, after rising 21 cents to $1.25. Express Catering fell 20 cents trading 650 units at $6.20, Fosrich lost 10 cents in trading 27,056 shares to close at $4.70, General Accident gained 55 cents to end at $7.75, in exchanging 10,000 shares, GWest Corporation closed with 100,000 units crossing the exchange and gained 7 cents to end at 97 cents. 
Indies Pharma ended market activity exchanging 137,922 shares to close at $3.10 after falling 26 cents, Jamaican Teas gained 10 cents with 24,400 shares crossing the market at $6.20, Lasco Distributors dipped 20 cents in an exchange of 14,190 units at $3.30, Lasco Financial closed 9 cents higher at $4.39, with 4,075 stock units changing hands. Lasco Manufacturing lost 8 cents trading 4,555 shares to close at $5.02, Stationery and Office Supplies rose 31 cents in an exchange of 40,958 shares at $11.50 and tTech traded 3,626 shares, after rising 50 cents to end at $6.01.
Prices of securities trading for the day are those at which the last trade took place.
No selling of Witco stock
West Indian Tobacco stock price 2006-2019 pre-split price.
The number of West Indian Tobacco (WITCO) shares that were posted on the Trinidad and Tobago Stock Exchange on Thursday to purchase rose to 3,065 units, but the stock has failed to trade even with the bid being at $40 well up on the adjusted last sale price of $34.98.
The market closed with no Witco stocks being offered for sale after the stock started trading ex split on Tuesday.
In the overall market, investors traded 183,089 shares at $4,447,289 from an exchange of 13 securities, against 15 on Wednesday, when 633,013 units were traded for $4,629,584.
At the close of the market, the prices of 6 stocks rose, 2 declined while 5 remained unchanged, leading the Composite Index to rise 3.49 points to 1,420.29. The All T&T Index rose 5.80 points to 1,769.67, while the Cross Listed Index added 0.16 points to end at 145.15.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 6 stocks with bids lower than their last selling prices and none with a lower offer.
Gains| Clico Investment Fund concluded trading with 400 units and rose 1 cent to close at $24.36, First Caribbean International Bank added 1 cent and completed trading at $8.23, with 10,059 stock units changing hands. First Citizens Bank jumped 95 cents and settled at a 52 weeks’ high of $43, with 9,649 units crossing the exchange. Grace Kennedy rose 4 cents and closed at $3.48, with 7,200 stock units trading,
Republic Financial closed with a gain of 19 cents at $125.99, after exchanging 16,212 shares and Trinidad & Tobago NGL rose 25 cents and ended trading of 23,566 shares at $21.
Losses| JMMB Group fell 4 cents and ended at $2.46, after exchanging 9,000 shares and One Caribbean Media lost 15 cents and ended at a 52 weeks’ low of $9.75, with 100 stock units changing hands.
Firm Trades| Guardian Holdings ended at $18.50, with investors exchanging 300 shares, National Enterprises closed at $5.50, trading 1,880 units, Sagicor Financial completed trading at $11, after exchanging 94,111 shares, Scotiabank settled at $59.75, after 1,500 shares crossed the exchange and Unilever Caribbean settled at $23.50, with investors exchanging 9,112 shares.
Prices of securities trading are those at which the last trade took place.
JSE majors heading higher
The Jamaica Stock Exchange ended trading on Wednesday with the premier market indices gaining more than 1,000 points and leaving the indices with overall positive gains for the week-to-date and the market being at the highest point since mid-month.
The JSE All Jamaican Composite Index advanced by 1,199.81 points to close at 553,467.64, the JSE Market Index increased 1,126.17 points to 503,860.29 and the JSE Financial Index added 0.41 points to close at 137.04.
The market closed with 40 securities changing hands in the main and US dollar markets with 10 stocks advancing, 20 declining and 10 trading firm. Main market activity ended with 38 securities accounting for 19,155,083 units valued at $180,757,266, in contrast to 34,952,276 units valued at $127,514,628 on Tuesday from 37 securities.
Sagicor Select Funds dominated trading with 8.4 million shares for 44 percent of the day’s trade, Wigton Windfarm with 3.8 million shares and 20 percent and QWI Investments with 2 million shares and 11 percent of total volume. JMMB Group was the only other stock trading with more than 1 million shares ending with 1.85 million units amounting to 10 percent of trading.
The market closed with an average of 504,081 units valued at an average of $4,756,770 for each security traded, in contrast to 944,656 units for an average of 3,446,341 on Tuesday. The average volume and value for the month to date amounts to 652,346 units valued at $8,751,876 and previously, an average of 660,717 units valued at $8,989,829 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 13 stocks ending with bids higher than their last selling prices and 3 with lower offers. The PE ratio of the market ended at 17.8 with the leading market ending at 18.7 times 2019 current year’s earnings.
In the primary market, Caribbean Cement slid $2 to end at $77, with 7,650 shares changing hands, Grace Kennedy added $1.95, to close at $64.45 in transferring 20,904 shares, Jamaica Producers lost $1.10 to close at $23, with an exchange of 36,298 shares. JMMB Group closed 85 cents higher at $47.85, after swapping 1,850,978 shares Kingston Wharves dropped $2.25 to settle at $55 trading 6,035 shares, Mayberry Investments lost $1 to close at $9, with 913,998 shares changing hands, Mayberry Jamaican Equities ended at $11, after falling $2.10 and transferring 143,391 shares. 
MPC Caribbean Clean Energy closed 50 cents lower to $229.50 after 304 units changed hands, 138 Student Living gained 72 cents, ending at $4.62 with 10,026 shares traded, PanJam Investment settled at $102, after losing 50 cents and swapping 14,385 shares. Proven Investments dipped by $1.50 to $46.50, in an exchange of 16,822 shares, Sagicor Group added $1 to close at $67, with 49,907 shares changing hands, Scotia Group climbed $2 to $55 trading 19,362 stock units, Stanley Motta closed 45 cents higher to $5.60, with 17,450 units crossing the market and Wisynco Group lost 49 cents and ending at $23.01 with 154,935 shares changing hands.
Trading in the US dollar market closed with 347,532 units valued at US$108,225, with the market index advancing 6.53 points to close at 215.08. Proven Investments lost 0.02 US cents to end at 30.02 US cents, after trading 341,207 shares and Sterling Investments gained 0.03 US cents to end at 2.5 US cents with 6,325 shares changing hands.
Junior Market suffers fall
Investors traded the same number of Junior Market securities of 30 for each day this week up to Wednesday with modest volume changing hands.
The market closed with 977,621 units valued at $4,392,917 crossing the exchange, compared to 779,323 units valued at $4,286,981 on Tuesday.
At the close, the market index declined by 25.23 points to close at 3,317.41, resulting from 10 securities rising and 12 falling while the prices of 8 remained unchanged and the market’s average PE standing at 14.4.
Trading ended with an average of 32,587 units for an average of $146,431 in contrast to 25,977 units for an average of $142,899 on Tuesday. The average volume and value for the month to date amounts to 111,374 shares at $528,977 and previously 115,963 shares at $551,261, for each security traded. In contrast, October closed with an average of 186,927 units valued at $788,734 for each security changing hands.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator with 6 stocks ending with bids higher than their last selling prices and 4 with lower offers.
At the close of the market, Caribbean Flavours dipped 5 cents in trading 8,350 units at $12.95, Cargo Handlers lost 60 cents in exchanging 100 units at $9.45, Caribbean Producers ended trading with 15,901 shares, after rising 8 cents to $4.80, Dolphin Cove dropped $2.45 to end at $9.30, in trading 2,300 shares. Elite Diagnostic exchanged 223,332 units and gained 15 cents to end at $5.30, Express Catering closed trading of 32,025 units and gained 70 cents to end at $6.40. Everything Fresh declined by 41 cents to settle at $1.04, after swapping 55,750 units, Fosrich climbed 10 cents after exchanging 10,100 shares at $4.80, General Accident lost 80 cents at $7.20, after swapping 11,838 stock units. GWest Corporation exchanged 128,675 shares to close at 90 cents after falling 5 cents, iCreate added 1 cent and exchanged just 598 shares at 63 cents, 
Indies Pharma closed 16 cents higher at $3.36, with 22,045 stock units trading, Jamaican Teas closed 15 cents higher at $6.10, with 6,500 stock units trading. KLE Group fell 5 cents in trading of 540 units at $1.70, Knutsford Express lost 32 cents in trading 7,900 shares, to close at $10.18, Lasco Distributors closed 20 cents higher at $3.50, with 713 stock units changing hands, Lasco Financial fell 20 cents in trading of 26,760 units to close at $4.30. Lasco Manufacturing closed 10 cents higher at $5.10, with a transfer of 187,153 stock units, Limners and Bards climbed 12 cents and exchanged 56,121 shares at $2.82, Main Event fell 50 cents in trading of 9,500 units at $6 and Medical Disposables lost 84 cents with 4,000 units changing hands at $7.96.
Prices of securities trading for the day are those at which the last trade took place.
Still no trading in Witco stock
Witco bid price close at $40.
After the three for one stock split of West Indian Tobacco shares took effect on Tuesday, there is no trading in the stock so far, although there is buying interest.
The number of stocks on the bid to buy is up to 1,065 units at $40 compared with the adjusted last traded price of $34.98. There were no stocks on offer posted sell at the close.
Investors exchanged 633,013 shares for $4,629,584 from an exchange of 15 securities against 12 on Tuesday, when 174,546 shares for $2,851,630 traded.
At the close of the market, the prices of 3 stocks rose, 5 declined while 7 remained unchanged, leading the Composite Index to rise 3.43 points on Wednesday to 1,416.80. The All T&T Index rose 0.55 points to 1,763.87, while the Cross Listed Index gained 0.86 points to close at 144.99.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended at 5 stocks with bids lower than their last selling prices and 4 with lower offers.
Gains| First Citizens Bank ended trading with 5 cents and completed trading at $42.05, with investors exchanging 150 shares, JMMB Group added 20 cents to close at $2.50, after exchanging 426,753 shares and Republic Financial increased 30 cents and settled at $125.80, with 760 stock units changing hands.
Losses| Ansa Mcal closed with a loss of 1 cent at a 52 weeks’ low of $53.99, with 500 stock units trading, First Caribbean International Bank fell 1 cent and ended at $8.22, after exchanging 840 shares, Guardian Media dropped 45 cents and completed trading at a 52 weeks’ low of $7.80, after exchanging 3,549 shares. Trinidad & Tobago NGL fell 25 cents and ended trading of 64,472 shares at a 52 weeks’ low of $20.75 and Unilever Caribbean shed 25 cents and completed trading at $23.50 after exchanging 900 shares.
Firm Trades| Agostini’s traded 20,630 shares unchanged at $24, Clico Investment Fund settled at $24.35, with 2,680 units, Guardian Holdings closed at $18.50, with investors exchanging 34,752 shares, NCB Financial settled at $11, with 54,890 stock units changing hands, Point Lisas ended at $3.60, after swapping of 360 shares. Prestige Holdings completed trading at $8.40 in exchanging 2,185 shares and Sagicor Financial concluded trading at $11, with 19,592 stock units changing hands.
Prices of securities trading are those at which the last trade took place.
JSE main market in consolidation mode
Activities picked up a bit on the Jamaica Stock Exchange primary market on Tuesday but left the market in a stalemate with an almost equal number of securities rising and falling as the market tries to claw its way higher ahead of the final month of 2019.
At the close, the All Jamaican Composite Index dipped 432.09 points to close at 552,267.83, the JSE Index lost 548.28 points to 502,734.12 while the JSE Financial Index gained 0.16 points to close at 136.63.
The market closed with 40 securities changing hands in the main and US dollar markets with 15 stocks advancing, 14 declining and 11 stocks trading firm. Main market activity ended with 37 securities accounting for 34,952,276 units valued at $127,514,628, in contrast to 17,983,605 units valued at $109,287,271 on Monday from 38 securities.
Sagicor Select Funds dominated trading with 16 million shares for 46 percent of the day’s trade, Wigton Windfarm with 13.2 million shares and 38 percent and QWI Investments with 1.7 million shares and 4.9 percent of total volume.
The market closed with an average of 944,656 units valued at an average of $3,446,341 for each security traded, in contrast to 473,523 units for an average of 2,875,981 on Monday. The average volume and value for the month to date amounts to 660,717 units valued at $8,989,829 and previously, an average of 644,199 units valued at $9,331,109 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 15 stocks ending with bids higher than their last selling prices and 9 with lower offers. The PE ratio of the market ended at 17.7, with the traditional market ending at 18.6 times 2019 current year’s earnings.
In the premier market, Barita Investments climbed $2 higher to $72 after trading 42,782 shares, Caribbean Cement lost $1 to settle at $79, after exchanging 5,766 shares, Eppley Caribbean Property Fund dropped $3.60, in ending at $33 with 850 units traded. Eppley gained 50 cents to close at $15, in swapping 700 shares, Grace Kennedy rose by 50 cents to $62.50, while transferring 82,359 units, 
Jamaica Broilers lost $2 to close at $38, with an exchange of 32,186 shares, Jamaica Stock Exchange climbed $1.80 to finish at $26.80 after 807,402 shares changed hands. Mayberry Investments closed with a rise of $1.80 to $10, in transferring 92,283 stock units, 138 Student Living lost 40 cents, ending the day at $3.90 with 515,355 units changing hands. PanJam Investment climbed to $102.50, with gains of $1.40 in swapping 2,730 shares, Sagicor Group closed $1 higher to $66, with an exchange of 281,208 stock units, Seprod climbed $1.37 higher to $51.99, with 19,942 units traded and Wisynco Group lost 50 cents in ending at $23.50 with 66,497 shares crossing the market.
Trading in the US dollar market closed with 482,671 units valued at US$154,386, with the market index declining 5.63 points to close at 208.55. Proven Investments gained 0.45 cents and closed at 32 US cents while trading 469,420 shares, JMMB Group 6% preference share closed at US$1.01, losing 1 US cent, with 13,070 units changing hands and Sygnus Credit Investments ended at 14 US cents with an exchange of 181 units.
