Market activity ended on Wednesday, with the indices rebounding strongly, but trading ended with prices of more stocks declining than rising after the volume and value traded dropped 41 percent and 92 percent respectively from Tuesday’s outturn on the Main Market of Jamaica Stock Exchange.
The JSE All Jamaican Composite Index surged 4,192.74 points to close at 453,321.02, the Main Index climbed 3,384.75 points to 412,952.02 and the JSE Financial Index rose 0.88 points to 101.00.
Trading ended with 51 securities similar to Tuesday, with 17 stocks rising, 24 declining and 10 remaining unchanged. Caribbean Cement and Radio Jamaica closed at a 52 weeks’ high and Guardian Holding traded at an intraday low. The PE Ratio, a measure used to compute appropriate stock values, averages 15.4 based on ICInsider.com forecast of 2021-22 earnings.
The market closed with 10,754,378 shares trading for $69,882,256 versus 18,303,242 units at $861,108,533 on Tuesday. Wigton Windfarm led trading with 34.8 percent of total volume for an exchange of 3.75 million shares followed by Transjamaican Highway 16 percent with 1.73 million units and Radio Jamaica controlling 12.7 percent after exchanging 1.36 million units.
Trading averages 210,870 units at $1,370,240, down from 358,887 shares at $16,884,481 on Tuesday, with the month to date averaging 519,351 units at $9,028,808, in contrast to 540,468 units at $9,552,607 on Tuesday. July trading averaged 322,932 units at $15,201,099.
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, Barita Investments rallied 23 cents to $93 with the swapping of 238,128 shares, Berger Paints picked up 38 cents to close at $13.50 after 9,273 units crossed the market, Caribbean Cement advanced $2 in closing at a 52 weeks’ high of $106 in exchanging 16,232 stocks. Eppley shed 76 cents to $41.10 with 3,542 stocks changing hands. Eppley Caribbean Property Fund dropped $2.91 to $36.50 in trading 10,721 shares, First Rock Capital fell $1.29 to $11.50 with 24,143 stock units crossing the market, GraceKennedy rose $1.10 to $102.10 after an exchange of 36,878 stocks. Guardian Holdings popped $16 to $591 in transferring 1,039 units, Jamaica Producers spiked 70 cents to $22.20 in switching ownership of 7,557 stock units. Jamaica Stock Exchange rallied 83 cents to $17.20 with the swapping of 48,002 shares, Key Insurance lost 20 cents in ending at $4.20 after an exchange of 18,976 stock units, Kingston Properties fell $1.25 to $9 with a transfer of 2,000 units. 
Kingston Wharves gained 50 cents to $48.50 with 2,000 stocks clearing the market, Mayberry Jamaican Equities lost 75 cents in closing at $8.60 with the swapping of 7,592 stock units, NCB Financial Group slipped 25 cents to $130 with 8,867 stocks changing hands. Palace Amusement dropped $84 to $950 in trading 30 shares, Portland JSX rose $1 to $8 in switching ownership of 1,754 stocks. Radio Jamaica popped 35 cents ending at a 52 weeks’ closing high of $4.65 after exchanging 1,362,141 shares. Sagicor Group rallied $4.60 to $56.60 in trading 160,355 stock units, Scotia Group shed 88 cents to $39.12 with 10,802 units crossing the exchange, Seprod shed $1 to $63 with the swapping of 4,784 stocks, Sygnus Credit Investments slipped 45 cents to $14.30, with 55,555 stock units crossing the market.
In the preference segment, JMMB Group 7.35% – 2028 lost 28 cents to end at $3 with an exchange of 351,177 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Six securities changed hands, compared to three on Tuesday, with prices of three rising, one declining and two remaining unchanged.
At the close, Proven Investments shed 0.1 of a cent to close at 23.89 US cents in trading 8,321 shares, Sygnus Credit Investments Ja$ share remained unchanged at 11.9 US cents, with just 2 units changing hands, Sygnus Credit Investments USD share advanced 0.98 of a cent to 13 US cents in trading at 600 stocks. Transjamaican Highway rallied 0.06 of a cent to 0.86 US cents in switching ownership of 1,358 stock units.
Guardian Media spiked 39 cents to $3.03 while exchanging 10,000 shares, JMMB Group shed 14 cents to close at $2.16 in exchanging 62,318 stock units. Massy Holdings rose 74 cents to $82.75 in switching ownership of 49,914 stock units, National Enterprises dropped 30 cents at $3.60 after 14,940 shares crossed the market, National Flour Mills added 1 cent in closing at $1.79, with 9 units changing hands. NCB Financial Group shed 36 cents to $7.99, with 229,406 stocks clearing the market, Prestige Holdings remained unchanged at $7 after 2,460 stocks crossed the exchange, Republic Financial Holdings remained at $135.48, with 17,318 shares changing hands. Scotiabank dropped 10 cents to end at $58.90, with 837 stock units crossing the market, Trinidad & Tobago NGL close at $17.76 in exchanging 5,671 units, Trinidad Cement declined 6 cents to $3.90 in trading 2,531 shares and West Indian Tobacco fell 50 cents to $31.50, with 7,298 units clearing the market.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and four with lower offers.
Honey Bun jumped 84 cents to a 52 weeks’ high of $9 with 138,083 stock units changing hands, iCreate rose 7 cents to 85 cents with 117 stocks traded, Indies Pharma fell 21 cents to $3.67 with a transfer of 52,683 units. Lasco Financial slipped 5 cents to $3.10 with an exchange of 2,100 shares, Mailpac Group declined by 9 cents to end at $3.55 with 34,312 stocks passing through the market, Medical Disposables dropped 39 cents to $4.70 with 23,111 units changing hands. SSL Venture gained 16 cents to settle at 80 cents to 20,000 stock units traded, Stationery and Office Supplies climbed 28 cents to $6.78 with the transfer of 993 units and tTech advanced 20 cents to $4.40 with 21,000 shares crossing the exchange.
Stocks declined for a sixth straight day at the close of activity on the Main Market of the Jamaica Stock Exchange on Tuesday, with the market trading 66 percent more stock units, after 53 percent more funds supported trading activity over that on Monday.
At the close, Barita Investments lost 23 cents in ending at $92.77 in trading 34,183 shares, Berger Paints fell 48 cents to $13.12 after 913 stock units changed hands, Caribbean Cement surged $7 to a record high of $104 while exchanging 49,694 stocks. GraceKennedy popped $1 to $101 in trading 63,601 shares, Guardian Holdings dropped $30 to an all-time low of $575 with an exchange of 8,493 units. Jamaica Producers shed $1.99 to close at $21.50, exchanging 226,120 shares, Jamaica Stock Exchange fell 87 cents to $16.37 after exchanging 18,340 stocks. JMMB Group dropped 99 cents to $38 in an exchange of 94,028 stock units, Kingston Wharves gained $1.49 to end at $48, after 15,658 shares crossed the market, NCB Financial Group shed $1.29 to $130.25, with 5,861,813 stock units crossing the market, Palace Amusement spiked $72.99 to $1034, with 93 units clearing the market, PanJam Investment shed $2.50 to $62.50, with an exchange of 2,513 shares. Proven Investments rose 40 cents to $33 after 5,768 stocks changed hands, Radio Jamaica bolted 80 cents to a 52 weeks’ high of $4.04 after trading 5,994,344 stock units.
Sagicor Group lost $5.25 in ending at $52 after exchanging 169,589 stock units, Seprod fell $3.50 to $64 with 8,721 stocks changing hands. Supreme Ventures dropped 48 cents to close at $18.02 trading 164,627 stocks and Sygnus Credit Investments declined 25 cents to end at $14.75 in trading 62,463 shares.
Trading ended with the market declining further on Tuesday, with an exchange of 45 percent fewer shares than on Monday at 18 percent less the value, with three securities changing hands, compared to five on Monday with prices of two stocks rising and one declining.
Trading month to date averages 248,332 units at US$12,147 in contrast to 256,299 units at US$12,367 on Monday. July ended with an average of 178,541 units for US$18,099.
At the close, 18 securities traded, up from 14 on Monday, with five stocks rising, seven declining and six closing unchanged. One stock closed at a 52 weeks’ low.
First Citizens Bank traded 2,000 stocks unchanged at $50.50, GraceKennedy rose 2 cents to $6.32, with 32,913 units changing hands, Guardian Holdings rallied 25 cents to $32.90 in exchanging 10,299 stocks. Guardian Media lost 46 cents to close at a 52 weeks’ low of $2.64 in swapping 1,333 shares, JMMB Group popped 5 cents to $2.30 after trading 33,086 stock units, Massy Holdings dropped $2.99 in closing at $82.01 in swapping of 781 stock units. National Flour Mills fell 12 cents to $1.78 while exchanging 4,115 units, NCB Financial Group remained at $8.35 after trading 5,988 shares, Point Lisas exchanged 2,900 stocks at $3.15, Prestige Holdings shed 40 cents to close at $7 after exchanging 1,800 stock, Republic Financial Holdings rose 3 cents to $135.48 in an exchange of 112 stock units, Scotiabank remained at $59 in trading 4,121 units. Trinidad & Tobago NGL shed 24 cents in ending at $17.76, with 9,390 shares clearing the market, Unilever Caribbean declined 14 cents to $16.26, with 737 units changing hands and West Indian Tobacco gained 35 cents to end at $32 in exchanging 6,205 shares.
Trading volume spiked 1,103 percent higher on Monday, over market activity on Friday driven by the heavy trading in the shares of Future Energy Source (FESCO) shares, as investors exchanged 128 million units of the company’s shares that accounted for 93 percent of the day’s volume on the Junior Market on Monday.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and three with lower offers.
Lasco Distributors climbed 20 cents to $4 with 600 stock units changing hands, Lasco Manufacturing spiked 25 cents to $5.20 with 22,058 shares traded, Limners and Bards gained 8 cents to close at $3.10 with a transfer of 64,743 stocks. Main Event rose 5 cents to $4.90 with 400 shares passing through the market, Paramount Trading dropped 14 cents to end at a 52 weeks’ closing low of 95 cents with 4,789,438 stocks changing hands, Stationery and Office Supplies popped 75 cents to $6.50 with 544 stock units traded and tTech fell 20 cents to $4.20, with 300 shares crossing the exchange.
Investor’s Choice bid-offer indicator reading has 11 stocks ending with bids higher than their last selling prices and eight stocks with lower offers.
Palace Amusement shed $63.99 to $961.01 while exchanging 171 stock units, Proven Investments rose $2.55 to $32.60 in trading 69,166 units, Sagicor Group rose 25 cents to $57.25 in an exchange of 169,719 shares, Scotia Group climbed $1.20 to $40 while exchanging 27,735 stocks, Seprod declined 50 cents to close at $67.50 after exchanging 5,025 units. Supreme Ventures shed 50 cents to $18.50, 7,932 stocks changing hands, Sygnus Credit Investments spiked 98 cents to $15 in switching ownership of 47,248 stock units and Wisynco Group rallied 19 cents to $15.84, with 35,271 shares clearing the market.
