JSE Main Market ended trading with the second monthly decline for the year as the primary indices declined by almost 2,000 points on Friday, with the market down 5.4 percent for 2020 to date.
At the close of trading, the JSE All Jamaican Composite Index lost 1,949.68 points to close at 529,722.22, the JSE Market Index slipped 1,727.36 points to 482,310.09 and the JSE Financial Index lost 0.52 points to 130.61.
The market closed with 47 securities changing hands in the Main and US dollar markets with the prices of 19 advancing, 19 declining and nine trading firm. The JSE Main Market activity ended with 42 securities accounting for 61,902,088 units valued at $374,112,515 in contrast to 27,834,480 units for $185,509,886 from 41 securities on Thursday.
Wigton Windfarm dominated trading with 31.5 million shares for 51 percent of total volume, Sagicor Select Financial Fund followed with 8.25 million units for 13.3 percent of the day’s trade and Pulse Investments with 8.1 million units for 13 percent of the market’s volume. Other stocks trading more than one million units were Sagicor Select Manufacturing and Distribution Fund with 6.7 million units and 11 percent of total volume, QWI Investments with 1.05 million shares and Wisynco Group with 1.8 million units.
The Market closed with an average of 1,473,859 units valued at an average of $8,907,441 for each security traded, in contrast to 678,890 units valued at an average of $4,524,631 on Thursday. The average volume and value for the month to date amount to 624,731 units valued at $3,239,665 for each security changing hands compared to 596,981 units valued at $2,909,960 for each security traded. Trading in January resulted in an average of 626,134 units valued at $3,511,981 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows twenty-three stocks ending with bids higher than their last selling prices and two closing with lower offers. The PE ratio of the market ended at 18.9, while the Main Market ended at 18.2 times 2019 earnings.
In the prime market, Barita Investments lost 50 cents to close at $66.50 after trading 643,580 shares, Berger Paints dropped $1.50 to $14, with an exchange of 9,000 shares, Caribbean Cement jumped $7.99 to $77.99, after transferring 13,241 shares. Eppley Caribbean Property Fund climbed $4 to $46, in swapping 5,200 units, First Rock Capital ended at the lowest point since listing last week at $12, after losing $1 trading 24,366 shares. Jamaica Broilers climbed $4.69 to $39.70, with 164,156 shares changing hands, Jamaica Stock Exchange rose $1.60 to settle at $31.60, with an exchange of 239,060 shares. JMMB Group finished with a rise of $3.80 at $44.55, after trading 397,029 shares. Kingston Wharves closed trading at $53.03, after losing $1.97 exchanging 931 units, Mayberry Investments gained 70 cents to end at $8.20, with 10,280 shares crossing the exchange, MPC Caribbean Clean Energy tumbled $19.99 to $130.01, in transferring 1,613 units. NCB Financial closed $2 lower to $184 after trading 308,053 units, 138 Student Living lost 77 cents to end at $6.23, with 40,733 shares changing hands.
PanJam Investment dipped $1.44 to $99.50 with an exchange of 15,383 units, Pulse Investments lost 35 cents to close at $11.10, in swapping 8,059,323 shares, Sagicor Group gained $1 to settle at $67, in exchanging 61,960 shares, Sagicor Real Estate Fund closed at $9.85, with gains of $1.05 in trading 362,100 shares. Scotia Group ended at $54, with a loss of $1 in transferring 272,072 shares, Seprod climbed $3 to $54, with 184,717 shares changing hands, Stanley Motta rose 40 cents to $5.60, trading 319,182 shares. Supreme Ventures lost 55 cents to settle at $21.50, in swapping 561,008 shares, Sygnus Credit Investments shed $1.06 to finish at $25.94, after transferring 88,979 shares. Victoria Mutual Investments slipped 50 cents to $9.25, with the trading of 226,844 shares and Wisynco Group gained 50 cents to end the day’s trade at $23.10, with an exchange of 1,803,893 shares.
Trading in the US dollar market ended with 352,444 units valued at over US$86,027. The market index rose 1.98 points to close at 228.15. First Rock Capital traded 100 units at 12 US cents, JMMB Group 6% preference share closed at US$1, with a gain of 1 cent exchanging 8,700 units, Proven Investments rose 1.9 cents to 31 US cents, in transferring 53,551 units. Sterling Investments lost 0.01 cent to end at 2.84 US cents, with 2,406 units changing hands and Sygnus Credit Investments gained 4.5 cents to settle at a record high of 22 US cents after swapping 287,687 shares.
Prices of securities trading for the day are those at which the last trade took place.
At the close twenty stocks rose rising and ten declined with five remaining unchanged. Trading ended with an exchange of 35 securities resulting in just 4,148,759 units valued at $16,183,548 passing through the market, compared to 24,026,851 units valued at $52,414,301 from 36 securities on Thursday.
Consolidated Bakeries gained 11 cents, after exchanging 700 units and closed at $1.79. Derrimon Trading rose 15 cents to $2.14 after exchanging a mere 200 units, Dolphin Cove traded 4,900 stock units at $10.50, after gaining $1.05, Elite Diagnostic traded 65,815 shares and fell 10 cents to $4.40 at the close. Everything Fresh gained 12 cents to end at 99 cents, after swapping 300 units, Fontana dipped 69 cents and exchanged 223,723 shares at $6.21, Fosrich rose 6 cents to settle at $3.91, with an exchange of 13,392 stock units. General Accident added 30 cents transferring 5,685 units to close at $6.50, GWest Corporation gained 4 cents to close at $1.04 with an exchange of 433 shares, Honey Bun lost 10 cents with 93,037 shares at $7.15, iCreate declined by 12 cents to end at a 52 weeks’ low of 56 cents after trading 154,887 stock units. Indies Pharma climbed 10 cents after exchanging 115,273 shares at $2.94, Iron Rock Insurance dropped 99 cents to $3 with 42,705 shares changing hands, Jamaican Teas lost 38 cents to settle at $6.17 with 61,562 units crossing the market. Jetcon Corporation rose 23 cents and exchanged 4,495 shares in closing at $1.54. KLE Group climbed 5 cents, to close at $2.50 with the trading of 14,750 shares, 
Knutsford Express climbed $1 higher to $11, with 57,822 units changing hands, Lasco Distributors lost 31 cents to end at 52 weeks’ low of $2.69, after transferring 2,027,010 units, Lasco Financial gained 29 cents in trading 111,039 units at $3.30. Lasco Manufacturing closed with 74,774 units changing hands, with a loss of 18 cents to finish at $3.97, Limners and Bards ended with an exchange of 241,060 shares to close at $2.89 after gaining 20 cents, Lumber Depot closed trading of 199,573 units and rising 3 cents to end at $1.50. MailPac added 10 cents to $1.89, after swapping 308,379 units, Main Event traded 22,059 units at $5.90, after rising 30 cents. Medical Disposables closed 43 cents higher at $5.73, after exchanging 4,790 units, SSL Venture Capital rose 4 cents to $1.28, with 448 shares crossing the exchange and tTech lost 53 cents in trading 2,000 units at a 52 weeks’ low at $4.27.
The T&T Composite Index slipped 1.42 points to close at 1,516.20. The All T&T Index gained 0.91 points to end at 1,941.56, while the Cross Listed Index closed with a loss of 0.52 points to end at 147.75.
JMMB Group gained 1 cent to end at $2.70, with investors trading 1,756,480 stock units and Republic Financial Holdings traded 811 shares and gained 26 cents to close at a 52 weeks’ high of $145.01.
The Market closed with an average of 678,890 units valued at $4,524,631 for each security traded, in contrast to 565,203 units at an average of $3,795,319 on Tuesday. The average volume and value for the month to date amount to 596,981 units valued at $2,909,960 for each security changing hands compared to 592,330 units valued at $2,812,748 for each security traded. Trading in January resulted in an average of 626,134 units valued at $3,511,981 for each security.
NCB Financial closed $1.64 lower to $186 after trading 17,864 units, Sagicor Group dropped 50 cents to $66, in exchanging 762,613 shares, Salada Foods jumped $5.75 as 8,426 shares changed hands at $34.25. Scotia Group gained $1 and closed at $55, with 79,701 shares changing hands, Seprod lost $2 to close at $51 trading 16,104 shares, Sygnus Credit Investments closed at $26.99, after gaining 79 cents transferring 15,194 shares.
At the close of trading, the number of stocks rising and falling was almost equal, with 16 rising and 15 falling with five remaining unchanged as investors traded in more securities than on Tuesday. Express Catering and Fosrich traded at an intraday low of $4.89 and $3.20, respectively.
At the close of the market, Access Financial gained $1.80 exchanging 11,714 shares at $30, Cargo Handlers rose 30 cents in trading 10,645 units at $7.80, Caribbean Cream lost 70 cents trading 32,239 stock units and closed at $3.30. Caribbean Producers shed 50 cents to end at $4.50 with 12,304 shares changing hands, Consolidated Bakeries lost 11 cents, after exchanging 2,475 units and closed at $1.68. Dolphin Cove traded 37,859 stock units at $9.45, after losing 55 cents, Everything Fresh gained 6 cents to end at 87 cents, after swapping 7,245 units, Fontana climbed 85 cents and exchanged 170,655 shares at $6.90, Fosrich lost 1 cent to settle at $3.85, with an exchange of 36,691 stock units. General Accident shed 20 cents transferring 56,563 units to close at $6.20, Honey Bun added 5 cents and exchanged 30,903 shares at $7.25, iCreate ended at 68 cents after gaining 1 cent trading 14,203 stock units. Indies Pharma climbed 23 cents after trading 52,203 shares at $2.84. Jamaican Teas gained 17 cents to settle at $6.55 with 14,082 units changing hands, Jetcon Corporation exchanged 55,069 shares in closing at $1.31, after losing 11 cents, Key Insurance ended trading with 65,685 stock units, after adding 5 cents to end at $3. KLE Group climbed 15 cents, to close at $2.45 with 1,000 shares crossing the market, Knutsford Express closed 50 cents higher to $10, with 6,781 units changing hands, 
Lasco Distributors lost 5 cents to end at $3.01, after transferring 247,516 units, Lasco Financial dipped 41 cents in trading 98,344 units at $3.01. Lasco Manufacturing closed with 327,725 units changing hands, with gains of 5 cents to finish at $4.15, Limners and Bards ended with an exchange of 5,527,680 shares to close at $2.69 after falling 4 cents, Lumber Depot closed trading of 213,526 units and lost 4 cents to end at $1.47, MailPac shed 21 cents to $1.79 with 15,366,137 units swapped. Main Event traded 10,215 units at $5.60, after losing 37 cents, Medical Disposables closed 20 cents lower at $5.30, after exchanging 10,821 units, Paramount Trading closed trading of 31,929 units and rose 13 cents to end at $2. Stationery and Office Supplies ended 20 cents higher to $8.70, with 10,346 shares crossing the exchange and tTech traded 840 units at $4.80, with gains of 10 cents. Derrimon Trading preference share climbed 15 cents in trading of 434 units at $1.65.
The T&T Composite Index rose 0.40 points to close at 1,517.22. The All T&T Index gained 1.18 points to end at 1,940.65, while the Cross Listed Index closed with a loss of 0.05 points to end at 148.27.
Losses| CinemaOne lost 75 cents in trading 1,500 units at $5.75.
Losses| First Citizens Bank lost 98 cents in exchanging 130 stock units to settle at $50.02, JMMB Group shed 1 cent to end at $2.68, with investors trading 30,500 stock units and Trinidad & Tobago NGL shed 5 cents in transferring 6,100 shares to close at $20.75.
At the close, the JSE All Jamaican Composite Index dived 5,157.29 points to 532,915.18. The JSE Market Index dropped 4,667.89 points to 485,163.15, while the JSE Financial Index fell 0.99 points to 131.31.
Trading in January resulted in an average of 626,134 units valued at $3,511,981 for each security.
Sagicor Group dropped $3.50 to $66.50, in exchanging 372,430 shares, Scotia Group closed at $54, with gains of 89 cents with 17,300 shares changing hands, Supreme Ventures lost $1.30 to close at $22.20 trading 660,220 shares and Sygnus Credit Investments closed at $26.99, after gaining 79 cents transferring 15,194 shares.
Elite Diagnostic finished with a loss of 10 cents at $4.50 with an exchange of 68,096 shares, Everything Fresh gained 1 cent to end at 81 cents, after swapping 115,363 stock units, Express Catering shed 99 cents in trading of 95,508 units at $5. Fontana climbed 5 cents and exchanged 77,542 shares at $6.05, GWest Corporation closed with a loss of 5 cents at $1, in swapping 37,900 shares, Honey Bun added 20 cents and exchanged 28,861 shares at $7.20. iCreate ended at 67 cents after losing 3 cents and trading 119,623 shares, Indies Pharma climbed 1 cent and exchanged 5,000 shares at $2.61, Iron Rock Insurance closed trading of 3,982 units and gained 4 cents to end at $3.99. Jamaican Teas declined by 27 cents to settle at $6.38 with 28,477 units changing hands, Jetcon Corporation exchanged 7,000 shares in closing at $1.42 after rising 2 cents, Key Insurance ended trading with 23,953 shares, after gaining 5 cents to end at $2.95. KLE Group closed at $2.30 with 47,367 shares traded, after climbing 10 cents, Lasco Financial dipped 8 cents in trading 12,470 units at $3.42, 
Lasco Manufacturing closed with 3,263,310 units changing hands with the price declining by 5 cents to finish at $4.10. Limners and Bards ended market activity exchanging 337,503 shares to close at $2.73 after falling 4 cents, Lumber Depot closed trading of 8,160 units and gained 3 cents to end at $1.51, MailPac moved up 1 cent to $2 with 621,115 units swapped. Paramount Trading closed trading of 10,400 units and gained 2 cents to end at $1.87 and Stationery and Office Supplies lost $1.20 to end at $8.50 with 28,996 shares crossing the exchange. CAC 2000 9.5% preference share dipped 5 cents in trading of 64,028 units at 52 weeks’ low of 80 cents and pushed the yield to 12 percent.
The market closed with 47 securities changing hands in the Main and US dollar markets with the prices of 15 advancing, 18 declining and 14 trading firm.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows ten stocks ending with bids higher than their last selling prices and six finishing with lower offers. The PE ratio of the market ended at 18.8, while the Main Market ended at 18.2 times the 2019 earnings.
Sagicor Group lost 50 cents to settle at $70, in exchanging 98,849 shares, Salada Foods climbed $2.50 to $28.50 trading a mere 34 units, Scotia Group ended at $53.11, with a loss of 89 cents swapping 183,872 shares. Supreme Ventures advanced to $23.50, with gains of $1.49 exchanging 6,218 units and Sygnus Credit Investments closed 75 cents lower to $26.20, with 49,345 shares changing hands.
