Trading surged on Thursday, with the volume traded rising 51 percent compared to trading on Wednesday, with a 926 percent jump in value on the Jamaica Stock Exchange Main Market as rising stocks exceeded those declining.
The All Jamaican Composite Index dropped 1,238.52 points to 436,372.59, the JSE Main Index lost 1,477.94 points to 381,852.85 and the JSE Financial Index fell 0.18 points to 91.21. Trading ended with 54 securities up from 52 on Wednesday, with 24 rising, 20 declining and ten ending unchanged.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.1 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
A total of 12,502,865 shares were traded for $487,965,172 compared to 8,303,766 units at $47,547,654 on Wednesday. Trading averages 231,535 units at $9,036,392, compared to 159,688 shares at $914,378 on Wednesday and month to date, an average of 253,031 units at $3,614,150, compared to 254,965 units at $3,126,148 on the previous trading day. May averaged 238,645 units at $3,561,016.
Wigton Windfarm led trading with 3.82 million shares for 30.5 percent of total volume, followed by Productive Business Solutions with 9.75% Preference share with 3.62 million units for 29 percent of the day’s trade and Pulse Investments with 697,969 units for 5.6 percent market share.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Caribbean Cement gained $6.49 in ending at $67.50 while exchanging 45,734 shares, Caribbean Producers dropped 50 cents to $14 after trading 362,316 units, Eppley Caribbean Property Fund shed $3.63 to end at $39.12, with 3,800 stocks changing hands. GraceKennedy declined $2 in closing at $105 with the swapping of 24,989 stock units, Guardian Holdings climbed $3.88 to close at $510 in switching ownership of 1,708 stocks, JMMB Group increased 50 cents in closing at $42.50, with 35,661 shares crossing the market. Margaritaville popped $2.10 to end at $22.60, closing with 1,267 units changing hands, NCB Financial rose $1.49 to $102.50 with 147,580 stock units clearing the market, Palace Amusement rallied $35 to $855, with nine stocks crossing the market. PanJam Investment lost 79 cents in ending at $64.50 in an exchange of 8,900 stock units, Proven Investments advanced $1.90 to $39 in trading 23,609 shares, Sagicor Group fell $1.40 to close at $55.50 in exchanging 638,627 units. Seprod lost 40 cents to $71 in trading 108,333 stocks, Stanley Motta fell 35 cents in closing at $4.80 after 136,395 shares crossed the exchange, Supreme Ventures rose 99 cents in ending at $29.99 after exchanging 139,762 units. 
Sygnus Credit Investments declined 29 cents to $14.51 after trading 30,243 stock units and Sygnus Real Estate Finance advanced $1.43 in ending at $15.43 with an exchange of 459 stock units.
In the preference segment, JMMB Group 7.25% preference share due 2024 increased 30 cents to close at $2.27, with 1,000 stocks crossing the market and Productive Business Solutions 9.75% preference share shed $1.25 to end at $107, with 3,622,977 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market rises on Thursday
Stocks mostly rose in trading on the Jamaica Stock Exchange Junior Market on Thursday, with the market Index jumping 43.54 points to 4,121.50 after ending with 21 stocks rising, ten declining and eight closing unchanged, from 39 securities traded, similar to Wednesday, with the volume and the value of stocks traded declining by 27 percent and the value 22 percent respectively, compared to Wednesday.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.8.
The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Overall, 5,679,261 shares traded for $25,210,590 compared to 7,761,840 units at $32,254,673 on the Wednesday. Trading averaged 145,622 shares at $646,425 in contrast to 199,022 shares at $827,043 on Wednesday, with the month to date, averaging 226,284 units at $941,556 compared to 233,291 units at $967,191 on the previous trading day. May closed with an average of 376,907 units at $1,638,631.
JFP Limited led trading with 1.56 million shares for 27.5 percent of total volume, followed by Future Energy Source with 507,493 units for 8.9 percent of the day’s trade and Dolla Financial with 365,198 units for 6.4 percent market share.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Blue Power lost 9 cents in closing at $3.70 in an exchange of 200 stock units, CAC 2000 jumped $1.31 to $8.91 in exchanging 5,589 stocks. Dolla Financial advanced 43 cents to a record $1.75, with 365,198 shares clearing the market, Dolphin Cove rallied $1.42 to close at $16.66, with 172,914 units crossing the exchange, Everything Fresh climbed 7 cents to $1.25 and closed with an exchange of 42,575 stocks, Fontana popped 98 cents to $10.98 after exchanging 352,707 stock units. Fosrich shed 91 cents in closing at $27.49 with the swapping of 225,953 shares, Future Energy Source rose 20 cents in ending at $5.90, with 507,493 units crossing the market, General Accident fell 10 cents to close at $5.90, with 742 stocks changing hands. iCreate gained 7 cents to end at $2.94 with an exchange of 25,566 shares, Lasco Distributors advanced 26 cents to $3.36 after trading 46,000 stock units, Lasco Manufacturing increased 11 cents to end at $4.61 with an exchange of 50,338 units. 
Main Event rallied 70 cents ending at $8.20 after exchanging 550 stock units, Paramount Trading climbed 10 cents to close at $1.85 in trading 68,667 shares, SSL Venture rose 8 cents in closing at a 52 weeks’ high of $2.85 while exchanging 305,581 stocks and tTech dropped 19 cents in closing at $3.50, with 160 units crossing the market.
In the preference segment, CAC 2000 9.5% preference share gained 14 cents in, ending at $1.16 after 487 stocks switched owners.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading levels fall on JSE Main Market
Market activity ended on Wednesday on the Jamaica Stock Exchange Main Market with the volume of stocks traded declining 13 percent with a 54 percent lower value than on Tuesday and ended with 4 stocks declining for every 3 rising after 8,303,766 shares were exchanged for $47,547,654 versus 9,560,292 units at $102,831,242 on Tuesday.
The All Jamaican Composite Index fell 332.58 points to 437,611.11, the JSE Main Index slipped 219.82 to 383,330.79 and the JSE Financial Index popped 0.15 points to 91.39.
Trading ended with 52 securities compared to 55 on Tuesday, with 18 rising, 24 declining and 10 ending unchanged.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.2 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years, ending up to the close of August 2023.
Trading on Wednesday averages 159,688 units at $914,378 compared to 173,823 shares at $1,869,659 on Tuesday and month to date, an average of 254,965 units at $3,126,148, compared to 264,006 units at $3,336,024 on the previous trading day. May closed with an average of 238,645 units at $3,561,016.
Wigton Windfarm led trading with 2.38 million shares for 28.7 percent of total volume followed by Sagicor Select Financial Fund with 1.95 million units for 23.4 percent of the day’s trade and Transjamaican Highway with 1.06 million units for 12.8 percent market share.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and five stocks with lower offers.
At the close, Berger Paints shed $1 to end at $11 after trading 25,240 shares, Caribbean Cement declined $3.79 to $61.01 in trading 19,460 units, Caribbean Producers rallied 80 cents to $14.50, with 85,170 stocks changing hands. Eppley dropped $5.95 to $40 after exchanging 203 stock units, GraceKennedy climbed $1.25 to close at $107 after 79,803 units crossed the market, Guardian Holdings lost $3.98 to end at $506.12 in an exchange of 845 shares. Jamaica Broilers increased 44 cents to $26.49 with an exchange of 6,807 stock units, Kingston Wharves rose $2.05 to close at $39 while trading 1,477 stocks, Mayberry Jamaican Equities fell $2.10 in closing at $13 with 259,339 units changing hands. MPC Caribbean Clean Energy advanced $12.94 in ending at $107.95 after trading 10 shares, 138 Student Living declined 30 cents in closing at $4.76 in exchanging 794 stock units, Palace Amusement lost $90 in ending at $820 with the swapping of 5 stocks. PanJam Investment popped 29 cents to $65.29 after exchanging 607 units, Portland JSX rallied $1.41 to close at $10.84 with 1,728 stocks clearing the market, Salada Foods fell 45 cents to end at $5.15 trading 7,136 shares. 
Scotia Group dropped 33 cents ending at $37.03 after 30,234 stock units crossed the market, Seprod advanced 37 cents to end at $71.40 in switching ownership of 3,155 stocks, Sygnus Credit Investments popped 70 cents to $14.80 after trading 144,255 units. Sygnus Real Estate Finance shed $1.52 in closing at $14 with the swapping of 2,200 shares and Victoria Mutual Investments increased 25 cents to close at $5.57 with 36,803 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Dolla gives a sparkle to Junior Market
The listing of Dolla Financial on the Junior Market of the Jamaica Stock Exchange on Wednesday resulted in a 32 percent increase from the IPO price of $1 as the stock hit the maximum permitted for the day at $1.32, with only 63,940 shares trading, with a massive demand to buy. At the close of trading, there were 45 million units on the bid at $1.32 and just over 30 million at $1.30, with less than 300,000 on the offer below $2.
Trading closed on Wednesday, with the volume of stocks traded declining 15 percent with 12 percent lower value than on Tuesday as 39 securities traded down from 43 on Tuesday, with 15 rising, 18 declining and six closing unchanged. Dolla traded at a new high and SSL Venture Capital traded at an intraday high of $2.99. The Junior Market Index fell 21.05 points to 4,077.96.
The PE Ratio, a measure of computing appropriate stock values, averages 12.3. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
A total of 7,761,840 shares traded for $32,254,673 compared to 9,168,150 units at $36,711,654 on the Tuesday. Trading averaged 199,022 shares at $827,043 in contrast to 213,213 shares at $853,759 on Tuesday, with the month to date, averaging 233,291 units at $967,191 compared to 236,550 units at $980,523 on the previous trading day. May closed with an average of 376,907 units at $1,638,631.
Lasco Manufacturing led trading with 3.70 million shares, amounting to 47.7 percent of total volume, followed by JFP Limited with 625,870 units for 8.1 percent of the day’s trade and Lumber Depot with 347,052 units for 4.5 percent market share.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, AMG Packaging shed 31 cents in closing at $3.63 after exchanging 23,419 stock units, Cargo Handlers climbed $1.04 to $12.10 in an exchange of 200 stocks. Caribbean Assurance Brokers declined 9 cents to $2.25, with 12,559 units changing hands, Caribbean Cream rallied 18 cents to close at $4.98 with the swapping of 44 units, Derrimon Trading fell 8 cents to close at $2.62 after exchanging 81,968 shares. Dolla Financial gained 32 cents to end at $1.32 after trading 63,940 shares, EduFocal increased 54 cents to $2.68, with 147,161 stocks crossing the market, Elite Diagnostic advanced 9 cents to $3.30 in switching ownership of 74,123 stock units, Everything Fresh lost 7 cents to $1.18, with 114,173 units crossing the market. Express Catering dropped 9 cents to end at $5.90 and closed after an exchange of 500 stock units, Fontana popped 27 cents in ending at $10 with 78,205 shares changing hands, Fosrich rose 17 cents to $28.40 in trading 72,972 stocks. Future Energy Source fell 20 cents to $5.70, with 289,981 units clearing the market, Indies Pharma shed 27 cents in closing at $3.25 after exchanging 312,575 stock units, Iron Rock Insurance lost 30 cents to close at $3 with an exchange of 982 stocks. JFP Limited climbed 7 cents in closing at $1.45 after an exchange of 625,870 shares, KLE Group dropped 28 cents to $2 while exchanging 1,968 units, Knutsford Express popped 99 cents to $8 after trading 47 stocks. Lasco Distributors declined 26 cents to close at $3.10 after 107,491 stock units changed hands, Lasco Manufacturing lost 30 cents to end at $4.50 in trading 3,703,579 shares, Limners and Bards increased 12 cents in closing at $2.92 in an exchange of 106,850 stock units. 
Lumber Depot rallied 13 cents to $3.26 in exchanging 347,052 shares, Main Event fell $1.30 to $7.50, trading 8,679 stocks, Medical Disposables declined 74 cents to close at $6.26 and closed with 8,300 units changing hands. Stationery and Office Supplies advanced $1.45 to end at $12.45 after 106,374 stock units passed through the market and Tropical Battery rose 11 cents to close at $2.63 in switching ownership of 130,376 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market pulls back on Tuesday
Stocks mostly fell on the Jamaica Stock Exchange Main Market on Tuesday, after an exchange of 55 securities down from 59 on Monday, with 30 declining and only 16 rising and nine ended unchanged as the volume of stocks traded slipped 11 percent and the value of funds chasing stocks fell 78 percent from Monday.
Trading ended with the All Jamaican Composite Index falling 2,221.13 points to 437,943.69, the JSE Main Index slipping 1,733.32 points to 383,550.61 and the JSE Financial Index declined 0.29 points to 91.24.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.4 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Investors exchanged 9,560,292 shares for $102,831,242, down from 10,717,973 units at $468,094,270 on Monday. Trading averaged 173,823 units at $1,869,659, compared to 181,661 shares at $7,933,801 on Monday and month to date, an average of 264,006 units at $3,336,024, compared to 274,067 units at $3,499,615 on the previous trading day. May closed with an average of 238,645 units at $3,561,016.
Wigton Windfarm led trading with 2.68 million shares for 28 percent of total volume, followed by Carreras with 1.19 million units for 12.5 percent of the day’s trade and Mayberry Jamaican Equities with 1.11 million units for 11.6 percent market share.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and four stocks with lower offers.
At the close, Caribbean Cement dropped $3.90 to $64.80 after trading 4,579 shares, Caribbean Producers shed 60 cents to end at $13.70 after an exchange of 135,144 units, Eppley Caribbean Property Fund lost 74 cents to end at $42.76, with 3,637 stocks crossing the exchange. Guardian Holdings fell $1.90 to $510.10 after trading 290 stock units, Jamaica Stock Exchange dropped 25 cents to close at $18.10 after exchanging 5,734 stock units, JMMB Group lost 99 cents in closing at $42.01 while trading 605,310 stocks. Key Insurance fell 35 cents to $3.83 in an exchange of 25,371 shares, Kingston Properties advanced 44 cents to $7.95, with 1,339 units crossing the market, Kingston Wharves dropped $2.05 in ending at $36.95 after exchanging 1,441 stock units. Margaritaville shed $2.10 to close at $20.50, with 4,000 units changing hands, Massy Holdings declined $1.49 in closing at $92.51 with 4,696 stocks clearing the market, Mayberry Investments rallied 90 cents to close at $11.40 with an exchange of 153,246 shares. Mayberry Jamaican Equities rose 40 cents to $15.10, with 1,105,805 units changing hands, 138 Student Living climbed 30 cents to $5.06 in trading 801 stock units, PanJam Investment dropped $1 to $65 in switching ownership of 9,327 stocks. 
Portland JSX fell $1.37 to $9.43 with the swapping of 478 shares, Pulse Investments popped 39 cents in closing at $3.40 after trading 667,922 stock units, Salada Foods declined 40 cents to $5.60 after exchanging 8,385 shares on its long way back into the $4 range before too long. Seprod shed 96 cents to end at $71.03, with 27,430 stocks crossing the market, Stanley Motta lost 35 cents to $5.15 in trading 19,928 units, Sygnus Real Estate Finance gained $1.42 to close at $15.52, with 283 units clearing the market and Wisynco Group dropped 78 cents to end at $19 in an exchange of 489,872 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rise in Junior Market
Trading closed on the Jamaica Stock Exchange Junior Market on Tuesday, with 13 percent more stocks traded and a 17 percent rise in the value, over that on Monday as 43 securities trading versus 44 on Monday with 19 rising, 17 declining and seven closing unchanged.
At the close, the Junior Market Index climbed 25.80 points to settle at 4,099.01.
The PE Ratio, a measure used to compute appropriate stock values, averages 12.7. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
A total of 9,168,150 shares were traded for $36,711,654 compared to 8,135,173 units at $31,415,140 on the Monday. Trading averaged 213,213 shares at $853,759 versus 184,890 shares at $713,980 on Monday, with the month to date, averaging 236,550 units at $980,523 compared to 239,285 units at $995,375 on the previous trading day. May closed with an average of 376,907 units at $1,638,631.
Mailpac Group led trading with 1.07 million shares for 11.7 percent of total volume followed by Indies Pharma with 1.01 million units for 11.1 percent of the day’s trade and Express Catering with 940,863 units for 10.3 percent market share.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, AMG Packaging gained 24 cents to close at $3.94 in trading 13,615 shares, Blue Power increased 9 cents to $3.79 after trading 151 units, CAC 2000 climbed 20 cents to close at $7.60 with traders snapping up 678,371 stocks, following the release of strong second quarter results on Monday. Cargo Handlers lost $1.04 to end at $11.06 in exchanging 1,357 stock units, Derrimon Trading fell 9 cents in closing at $2.70, with 324,143 units clearing the market, Dolphin Cove shed 24 cents to close at $15.21 in an exchange of 19,356 stocks. EduFocal dropped 60 cents in ending at $2.14, with 538,308 shares changing hands, Elite Diagnostic declined 9 cents to $3.21 while exchanging 2,198 stock units, Express Catering rallied 39 cents to $5.99 after exchanging 940,863 stocks. Fosrich rose 93 cents to $28.23 with an exchange of 93,045 shares, Future Energy Source advanced 10 cents in ending at $5.90 after switching ownership of 572,671 stock units, Indies Pharma popped 42 cents to close at $3.52, with 1,013,500 units crossing the market after the company release robust second quarter results. Iron Rock Insurance gained 30 cents to $3.30 after just 2 shares were exchanged, Jamaican Teas popped 10 cents to end at $3.07 and closed with an exchange of 381,683 units, KLE Group rose 29 cents in closing at $2.28 while exchanging 251 stock units.
Knutsford Express dropped $1.49 in closing at $7.01, with 3,398 stocks crossing the exchange, Lasco Manufacturing shed 20 cents to $4.80 with the swapping of 5,799 shares, Limners and Bards lost 10 cents to close at $2.80 after exchanging 189,951 units. Mailpac Group declined 7 cents to end at $2.72 with an exchange of 1,074,382 stock units, Paramount Trading fell 15 cents to $1.75 after trading 14,714 stocks, Spur Tree Spices shed 8 cents to end at $3.47, with 262,932 stock units crossing the market. SSL Venture increased 58 cents in ending at a 562 weeks’ high of $2.77, with 824,288 stocks crossing the market, Tropical Battery lost 18 cents in closing at $2.52, with an exchange of 252,143 shares and tTech gained 9 cents to close at $3.69, with 1,874 units changing hands.
In the preference segment, CAC 2000 9.5% preference share dropped 14 cents to $1.02 in trading just one stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Sharp jump in funds in JSE Main Market
Market activity ended on Monday, with the volume of stocks traded declining 69 percent and the valuing surging 185 percent over trading Friday at the close of the Jamaica Stock Exchange Main Market and ended with rising stocks just edged out by those declining.
The All Jamaican Composite Index dipped 44.74 points to 440,164.82, the JSE Main Index fell 1,246.97 points to 385,283.93 and the JSE Financial Index lost 0.22 points to settle at 91.53.
Trading ended with 59 securities up from 56 on Friday, with 24 rising, 25 declining and 10 ending unchanged.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.5 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years, ending up to the close of August 2023.
Overall, 10,717,973 shares were exchanged for $468,094,270 versus 34,028,346 units at $164,480,692 on Friday. Trading averages 181,661 units at $7,933,801, compared to 607,649 shares at $2,937,155 on Friday and month to date, an average of 274,067 units at $3,499,615, compared to 286,629 units at $2,896,811 on the previous trading day. May closed with an average of 238,645 units at $3,561,016.
Productive Business Solutions 9.75% preference share led trading with 3.63 million shares for 33.9 percent of total volume followed by Transjamaican Highway ended with 1.80 million units for 16.8 percent of the day’s trade and QWI Investments with 1.07 million units for 9.9 percent market share.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments declined $1.41 to end at $86.99, with 213,628 shares crossing the exchange, Berger Paints rallied $1 to close at $12 with an exchange of 11,736 stock units, Caribbean Cement shed $1.30 to $68.70 with the swapping of 25,573 stocks. Eppley jumped $7.90 in closing at $46 after trading two units, First Rock Capital gained $1.07 in ending at $13.07 and finishing trading with 6,954 units, Guardian Holdings fell $25 to close at $512 in switching ownership of 34 stocks. Jamaica Broilers dropped $1.49 in closing at $26 trading 73,934 stock units, Jamaica Producers lost 95 cents to end at $21.27 in an exchange of 1,736 shares, Jamaica Stock Exchange fell $1.60 to $18.35, with 4,545 stocks crossing the market. JMMB Group popped $1 in ending at $43 after an exchange of 149,358 stock units, Kingston Properties shed 40 cents to close at $7.51 while trading 15,395 shares, Massy Holdings advanced $1.50 to $94 after 47,901 units changed hands. Mayberry Investments climbed $1.50 to $10.50 with 532,238 stock units clearing the market, Mayberry Jamaican Equities declined 29 cents to $14.70, with 35,083 units crossing the market, MPC Caribbean Clean Energy lost $12.94 in closing at $95.01 after exchanging 10,624 shares. 138 Student Living dropped 43 cents in closing at $4.76, with 3,271 stocks changing hands, Palace Amusement dropped $78 to $910 in an exchange of 19 units, PanJam Investment rose 50 cents to $66 in exchanging 22 shares. 
Pulse Investments declined 59 cents to close at a 52 weeks’ low of $3.01 with 621,901 stocks changing hands, Sagicor Group rallied 90 cents to end at $56.90 in an exchange of 5,878 stock units, Scotia Group advanced $1.46 to close at $37.50 after exchanging 18,617 units. Stanley Motta climbed 40 cents in closing at $5.50 with the swapping of 3,590 shares and Supreme Ventures shed $1 to end at $29, with 113,240 stock units changing hands.
In the preference segment, Eppley 7.50% preference share lost $1.23 to end at $6, with 10,000 stocks crossing the market, 138 Student Living preference share fell 25 cents to $20.63 with 5 stock units changing hands and Productive Business Solutions 9.75% preference share gained $1.25 to $108.25 with 3,628,039 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Modest slippage for Junior Market
Trading closed on the Jamaica Stock Exchange Junior Market Monday, with the volume ofJ stocks traded rising 18 percent and the value jumping 27 percent more than on Friday, resulting in slightly more stocks declining than those that gained.
A total of 44 securities were traded versus 40 on Friday, with 15 rising, 17 declining and 12 unchanged, resulting in the Junior Market Index losing 20.65 points to settle at 4,073.21.
The PE Ratio, a measure of computing appropriate stock values, averages 12.6. The PE ratios of the Junior Market incorporate ICInsider.com projected earnings for companies with year end that falls between November this year and August 2023.
A total of 8,135,173 shares traded for $31,415,140 up from 6,905,892 units at $24,772,346 on Friday. Trading averaged 184,890 shares at $713,980 in contrast to 172,647 shares at $619,309 on Friday, with the month to date, averaging 239,285 units at $995,375 compared to 246,694 units at $1,033,707 on the previous trading day. May closed with an average of 376,907 units at $1,638,631.
SSL Venture led trading with 1.91 million shares for 23.5 percent of total volume, followed by Tropical Battery with 695,314 units for 8.5 percent of the day’s trade and Spur Tree Spices with 648,106 units for 8 percent market share.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, AMG Packaging advanced 12 cents to $3.70, with 172,080 shares crossing the exchange, CAC 2000 rose 40 cents to close at $7.40 after trading 5,186 units, following the release of solid half year results. Cargo Handlers rallied $1.10 in closing at $12.10 with an exchange of 8,498 stocks. Caribbean Cream gained 10 cents in ending at $4.85 while exchanging 7,000 stock units, Caribbean Flavours increased 8 cents to end at $1.98 in switching ownership of 65,293 units, Elite Diagnostic shed 10 cents in closing at $3.30 after exchanging 4,783 shares. Express Catering lost 20 cents to close at $5.60, trading 183,500 stock units, Fontana popped 13 cents to end at $9.75, with 123,110 stocks crossing the market, Future Energy Source fell 9 cents to $5.80 in an exchange of 413,185 shares. Honey Bun climbed 30 cents in ending at $8.80 after 416,278 stock units crossed the market, Iron Rock Insurance declined 8 cents to $3 with the swapping of 298 stocks, Jamaican Teas increased 10 cents in closing at $2.97 after trading 317,167 units. Knutsford Express rose 50 cents to $8.50, with 40 stocks changing hands, Lasco Manufacturing rallied 24 cents to end at $5 after exchanging 89,244 stock units, Main Event dropped 9 cents to close at $8.80, with an exchange of 16,539 shares. 
Medical Disposables lost 45 cents in closing at $7, with 13,300 units clearing the market, Paramount Trading fell 10 cents to $1.90 after exchanging 365 stocks, Spur Tree Spices dipped 15 cents to close at $3.55 while trading 648,106 units and SSL Venture climbed 35 cents to $2.19 while exchanging 1,913,234 stock units.
In the preference segment, CAC 2000 9.5% preference share advanced 15 cents to end at $1.16 after exchanging 12,425 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Volume jumps on JSE Main Market
Trading on the Jamaica Stock Exchange Main Market ended on Friday, with the volume of stocks traded jumping 221 percent and 21 percent higher than on Thursday as declining stocks continue to exceed those rising.
The All Jamaican Composite Index shed 510.21 points to settle at 440,209.56, the JSE Main Index gained 102.53 points to close at 386,530.90 and the JSE Financial Index declined 0.06 points to settle at 91.75. Trading ended with 56 securities compared to 54 on Thursday, with 17 rising, 21 falling and 18 ending unchanged.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.6 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Overall, 34,028,346 shares were exchanged for $164,480,692 versus 10,590,832 units at $135,566,664 on Thursday. Trading averages 607,649 units at $2,937,155, compared to 196,127 shares at $2,510,494 on Thursday and month to date, an average of 286,629 units at $2,896,811, compared to 239,071 units at $2,890,834 on the previous trading day. May closed with an average of 238,645 units at $3,561,016.
JMMB Group 7.35% preference share due 2028 led trading with 27.48 million shares for 80.7 percent of total volume, followed by Jamaica Broilers with 1.1 million units for 3.2 percent of Friday’s trade and Transjamaican Highway with 970,028 units for 2.9 percent market share.
The Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cement rose $9 to close at $70 with the swapping of 1,296 shares, Caribbean Producers rallied 33 cents to $14.50 with an exchange of 40,540 stocks, Eppley fell $8.90 to $38.10, with 10,859 stock units crossing the exchange. Eppley Caribbean Property Fund declined $1.50 to $43.50 with 1,045 units changing hands, First Rock Capital shed $1.10 in ending at $12 while exchanging 51,837 shares,GraceKennedy climbed $1 to close at $106 in switching ownership of 32,735 units. Guardian Holdings advanced $26 to $537 with 2,783 stock units clearing the market, Jamaica Broilers lost 49 cents in ending at $27.49 after exchanging 1,098,934 stocks, Jamaica Stock Exchange gained $1.95 to end at $19.95, with 400 stock units crossing the market. JMMB Group dropped $1 in closing at $42 with 273,211 units changing hands, Key Insurance increased 25 cents to $4.20 while exchanging one share, Kingston Wharves popped $2.49 to end at $38.99 in trading 1,474 stocks. 
Massy Holdings dropped $1.50 to $92.50 with 266 units changing hands, Mayberry Investments shed $1.06 to close at $9 in exchanging 254,204 shares, NCB Financial lost $2 in closing at $101 in an exchange of 106,486 stock units. PanJam Investment rose $1 to $65.50 after trading 8,419 stocks, Proven Investments declined 77 cents to end at $37.05 after 13,981 stocks passed through the market, Sagicor Group fell 90 cents in closing at $56 with the swapping of 81,399 units. Stanley Motta fell 40 cents to close at $5.10 in trading 8,000 shares and Supreme Ventures dropped 25 cents to $30 after exchanging 75,133 stock units.
In the preference segment, Eppley 7.25% preference share lost $1.95 to end at $20.05 in switching ownership of 801 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on stable Junior Market
Trading closed on the Jamaica Stock Exchange Junior Market Friday, with the volume of stocks traded declining 57 percent and the value 72 percent lower than on Thursday, leading to 40 securities trading versus 41 on Thursday, with 16 rising, 15 declining and nine closing unchanged.
At the close, the Junior Market Index slipped 1.52 points to 4,093.86.
The PE Ratio, a measure of computing appropriate stock values, averages 12.9. The Junior Market PE ratios incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
A total of 6,905,892 shares traded for $24,772,346 compared to 16,085,002 units at $88,518,673 on the Thursday. Trading averaged 172,647 shares at $619,309 in contrast to 392,317 shares at $2,158,992 on Thursday, with a month to date average of 246,694 units at $1,033,707 compared to 257,160 units at $1,092,280 on the previous trading day. May closed with an average of 376,907 units at $1,638,631.
JFP Limited led trading with 1.03 million shares for 15 percent of total volume, followed by Jamaican Teas with 909,489 units for 13.2 percent of the day’s trade and Lumber Depot with 846,346 units for 12.3 percent market share.
The Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial gained 90 cents to end at $20.45 after trading 645 shares, Cargo Handlers dropped $1.52 to end at $11 in switching ownership of 77,669 units, Elite Diagnostic fell 37 cents in closing at $3.40 with 198,827 stocks changing hands. Everything Fresh increased 8 cents to $1.25 with an exchange of 58,263 stock units, Fontana fell 22 cents to close at $9.62 in exchanging 193,395 shares, Fosrich advanced 30 cents to close at $27.30 after trading 20,105 units. Honey Bun declined 47 cents and ended at $8.50, with 36,486 stocks crossing the exchange, iCreate popped 38 cents to $2.89 with 430,232 stock units changing hands, Indies Pharma rallied 10 cents to end at $3.10, with 6,294 shares clearing the market. Jamaican Teas shed 10 cents to $2.87 with the swapping of 909,489 stocks, Jetcon Corporation climbed 16 cents in closing at $1.26 after exchanging 343,454 stock units, Knutsford Express declined 40 cents to $8 after 15,047 units crossed the market.
Lasco Distributors shed 14 cents to $3.30 in trading 37,117 stock units, Lasco Manufacturing dropped 24 cents to end at $4.76 with an exchange of 2,656 shares, Main Event rose 69 cents to close at $8.89 with 1,000 stocks changing hands and Stationery and Office Supplies lost 98 cents to end at $11 after an exchange of 10,159 units.
In the preference segment, CAC 2000 9.5% preference share fell 15 cents to close at $1.01, trading 2,510 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
