Market activity ended on the Jamaica Stock Exchange Main Market on Friday, with the volume of stocks traded declining 11 percent within 18 percent greater value than on Thursday as rising stocks edged out those declining, sending the market indices into positive territory at the close.
Trading ended with 56 securities changing hands compared to 54 on Thursday, with 22 rising, 19 sliding, with 15 unchanged. The All Jamaican Composite Index rose 1,636.40 points to 443,816.22, the JSE Main Index 678.54 points to 387,816.69 and the JSE Financial Index dipped 0.10 points to settle at 92.77.
The PE Ratio, a formula for computing appropriate stock values, averages 14.4. 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 August 2023.
Overall, Overall, 11,037,154 shares were exchanged for $85,895,992 versus 12,027,193 units at $67,590,197 on Thursday. Trading averages 197,092 units at $1,533,857, compared to 222,726 shares at $1,251,670 on Thursday and month to date, an average of 237,747 units at $3,689,672, compared to 240,017 units at $3,810,037 on the previous trading day. April closed with an average of 532,209 units at $5,709,319.
Transjamaican Highway led trading with 2.72 million shares for 24.6 percent of total volume, followed by Wigton Windfarm with 2.51 million units for 22.8 percent of the day’s trade and QWI Investments, 961,802 units for 8.7 percent of market share.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and two stocks with lower offers.
At the close, Barita Investments dropped $2.21 to close at $87.65, with 48,902 shares changing hands, Caribbean Producers lost 71 cents to end at $15 in switching owners of 192,169 stocks, Eppley rallied $6.23 in ending at $46.23 after 35 stock units crossed the exchange. Eppley Caribbean Property Fund declined $2.95 in closing at $41.05 and trading 687 units, First Rock Capital climbed 85 cents to $12.40, with 12,035 shares crossing the market, JMMB Group gained 65 cents to end at $46 trading 160,986 stocks. Kingston Wharves increased $1.25 in ending at $39.70 after exchanging 6,212 units, Massy Holdings rose $1.80 to $95 with 4,080 stock units changing hands, Mayberry Jamaican Equities advanced $1.36 in closing at $14.60 in an exchange of 23,809 stocks. MPC Caribbean Clean Energy popped $9.99 to close at $105 with the swapping of 91 stock units, NCB Financial shed 50 cents to close at $106.50 with an exchange of 21,683 units, 138 Student Living advanced 43 cents to $5.19 with 15,946 shares clearing the market. PanJam Investment increased $2 to $66 after exchanging 3,106 stocks, Portland JSX fell 30 cents to $10 with 40,349 shares changing hands, Proven Investments fell $1.85 to end at $36.05 after exchanging 88,068 stock units. 
Sagicor Group rose $1.49 to $57.99, with 107,192 units crossing the market, Scotia Group popped 52 cents to close at $36 while exchanging 334,902 stocks, Seprod lost 39 cents, ending at $70.01 trading 5,380 units. Stanley Motta shed 40 cents in closing at $4.90 while exchanging 186,644 stock units, Sygnus Credit Investments rallied 98 cents to $16.08 and closed after trading 65,064 shares, Sygnus Real Estate Finance dropped 55 cents, ending at a 52 weeks’ low of $12.95, with 1,175 stock units crossing the market and Wisynco Group declined 65 cents to end at $19.30 in switching ownership of 266,327 shares.
In the preference segment, 138 Student Living preference share declined $1.66 to close at $16.50 in exchanging 311 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market bounce
Trading closed on the Jamaica Stock Exchange Junior Market Friday with the volume of stocks traded declining 22 percent after 37 percent less funds entered the market compared to trading on Thursday, leading the market index to gain just 15.96 points to 4,120.05, with fewer shares rising as falling.
Trading resulted in only 35 securities changing hands, down from 41 on Thursday and ended with 11 rising, 14 declining and ten closing unchanged.
The PE Ratio, a measure of computing appropriate stock values, averages 13.1. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial years closing up to the end of August 2023
A total of 4,622,684 shares were traded for $18,728,840, down from 5,929,550 units at $29,697,652 on Thursday. Trading averaged 132,077 shares at $535,110 compared to 144,623 shares at $724,333 on Thursday, with the month to date, averaging 395,085 units at $1,705,419 compared to 406,842 units at $1,757,732 on the previous trading day. April closed with an average of 449,923 units at $1,781,786.
Future Energy Source led trading with 829,151 shares for 17.9 percent of the total volume, followed by JFP Limited with 587,666 units for 12.7 percent of the day’s trade and Tropical Battery with 456,605 units for 9.9 percent market share.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, AMG Packaging dipped 10 cents to $3.50, trading 3,874 shares, CAC 2000 lost $1.09, in ending at $6.31, with 2,500 units changing hands, Caribbean Flavours declined 23 cents to close at $1.72 with the swapping of 9,068 stocks. Derrimon Trading shed 19 cents in closing at $3 with an exchange of 166,263 stock units, Elite Diagnostic fell 20 cents to end at $3.60, with 7,516 stock units crossing the market, Express Catering rose 43 cents to $5.93 in exchanging 14,791 units. Fontana increased 10 cents to end at $9.90 after finishing trading of 157,880 shares, Honey Bun climbed 20 cents to close at $9.20 in an exchange of 4,933 stocks, Indies Pharma rallied 16 cents to $3.16 with 89,947 stocks changing hands. 
Jetcon Corporation advanced 28 cents to $1.60 in exchanging 14,516 shares, Knutsford Express gained 20 cents to close at $7.70 after trading 2,537 units, Lasco Distributors shed 12 cents in closing at $3.37 after 17,692 stock units crossed the exchange. Main Event popped 19 cents ending at $8.39, with 11,900 units changing hands, Spur Tree Spices fell 10 cents to $3.70, with 283,924 stocks clearing the market and Stationery and Office Supplies dropped 40 cents to $10.60 while exchanging 4,950 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market bounce
Market activity ended on the Jamaica Stock Exchange Main Market on Thursday, with the volume of stocks traded declining marginally, with a 36 percent lower value than on Wednesday but led to rising stocks exceeding those declining by a solid margin and leading to gains in the market indices.
Trading led to 54 active compared to 56 on Wednesday, with 28 rising, 17 declining and nine ending unchanged. 138 Student Living preference share surged to close at a 52 weeks’ high of $18.16 and Sygnus Real Estate Finance close at a 52 weeks’ low of $13.50.
The All Jamaican Composite Index rose 2,244.12 points to 442,179.82, the JSE Main Index rallied 693.48 points to close at 387,138.14 and the JSE Financial Index rallied 0.41 points to settle at 92.87.
The PE Ratio, a formula for computing appropriate stock values, averages 14.4. 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 12,027,193 shares for $67,590,197 versus 12,344,026 units at $106,516,410 on Wednesday. Trading averaged 222,726 units at $1,251,670, compared to 220,429 shares at $1,902,079 on Wednesday and month to date, an average of 240,017 units at $3,810,037, compared to 241,000 units at $3,955,613 on the previous trading day. April closed with an average of 532,209 units at $5,709,319.
Sagicor Select Financial Fund led trading with 3.26 million shares for 27.1 percent of the total volume followed by Wigton Windfarm with 2.37 million units for 19.7 percent of the day’s trade and Transjamaican Highway, 2.10 million units for 17.4 percent market share.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Berger Paints climbed 30 cents to $10.60, with 246,149 shares changing hands, Caribbean Cement increased $2 to $63 after exchanging 42,623 units, Caribbean Producers advanced $1.75 in closing at $15.71 after trading 357,498 stocks. Eppley gained $1.33 to close at $40 in an exchange of 884 stock units, Eppley Caribbean Property Fund jumped $4 to $44, with 3,571 shares crossing the exchange, GraceKennedy popped 40 cents to end at $107.40 and closed with 61,067 units changing hands. Jamaica Broilers rallied 95 cents in closing at $28 with the swapping of 12,269 stocks, JMMB Group lost 64 cents to close at $45.35, with 77,049 stock units crossing the market, Kingston Wharves advanced $2.35 to $38.45 after trading 11,879 units. Massy Holdings popped $2.20 to $93.20, with 3,065 stocks clearing the market, Mayberry Investments increased 50 cents to $10.50 in trading 293,161 stock units, Mayberry Jamaican Equities dropped $1.51 after ending at $13.24 in switching ownership of 110,924 shares. MPC Caribbean Clean Energy shed $15.49 to end at $95.01 while exchanging 10 shares, NCB Financial declined $2 to $107 in exchanging 50,872 units, 138 Student Living fell 42 cents to close at $4.76 after 1,578 stocks passed through the exchange. PanJam Investment declined 50 cents to end at $64 with an exchange of 45,687 stock units, Portland JSX rallied $1.70 in ending at $10.30, with 105,172 stock units crossing the market, Proven Investments climbed $1.90 to close at $37.90 trading 13,369 shares.
Pulse Investments rose 50 cents to $3.85 in an exchange of 353,396 stocks, Sagicor Group lost $1 to end at $56.50 while exchanging 48,327 units, Salada Foods gained 50 cents to end at $6 in exchanging 9,143 shares. Seprod rallied 39 cents to $70.40, with 4,502 stock units changing hands, Sygnus Credit Investments gained 30 cents to close at $15.10 with an exchange of 19,503 stocks, Sygnus Real Estate Finance dropped 30 cents to close at a 52 weeks’ low of $13.50 after 4,840 units passed through the market and Wisynco Group popped 55 cents in ending at $19.95 while trading 577,465 units.
In the preference segment, JMMB Group 7.25% preference share shed 42 cents in closing at $2.79 in switching ownership of 12 stocks, 138 Student Living preference share surged $1.65 to close at a 52 weeks’ high of $18.16 in trading two stock units and Productive Business Solutions 9.75% preference share fell $7.24 to $107 in trading one share.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market bounces on lower volume
Trading closed on the Jamaica Stock Exchange Junior Market on Thursday, with the volume of stocks traded falling 52 percent and the value 44 per cent lower than Wednesday, leading to more stocks rising than falling at the close.
Market activity led to 41 securities trading compared to 44 on Wednesday and ended with 20 rising, 12 declining and nine closing unchanged. At the close, the Junior Market Index rallied 76.74 points to close at 4,104.09.
The PE Ratio, a measure of computing appropriate stock values, averages 13. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial years closing up to the end of August 2023.
Overall, 5,929,550 shares traded for $29,697,652, down from 12,355,521 units at $52,828,520 on the Wednesday. Future Energy Source led trading with 839,783 shares for 14.2 percent of total volume, followed by JFP Limited with 726,038 units for 12.2 percent of the day’s trade and EduFocal with 663,231 units for 11.2 percent market share.
Trading averaged 144,623 shares at $724,333, down from 280,807 shares at $1,200,648 on Wednesday with the month to date, averaging 406,842 units at $1,757,732 compared to 421,331 units at $1,814,834 on the previous trading day. April closed with an average of 449,923 units at $1,781,786.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, AMG Packaging gained 10 cents to end at $3.60 after exchanging 105,867 shares, Blue Power fell 25 cents in closing at $3.70 in trading 1,380 stock units, CAC 2000 advanced $1.08 to close at $7.40 with the swapping of 6,093 stocks. Cargo Handlers declined $1.70 to $10, with 4,508 units changing hands, Caribbean Cream popped 24 cents to $4.95 in exchanging 34,938 stock units, Derrimon Trading climbed 39 cents in closing at $3.19 after 59,319 stocks crossed the market. Dolphin Cove rose $1.96 to $18.28 with 102,441 shares changing hands, Elite Diagnostic rallied 59 cents to end at $3.80, with 35,361 units crossing the exchange, Fontana lost 10 cents to end at $9.80 trading 63,328 shares. Future Energy Source increased 11 cents to $6 after exchanging 839,783 stocks, Honey Bun climbed 50 cents to $9, trading 23,266 units, iCreate popped 49 cents to $3.59 in an exchange of 207,696 stock units. Jetcon Corporation dropped 11 cents to end at $1.32 with an exchange of 44,902 shares, KLE Group shed 21 cents to close at $2.40, with 2,077 units clearing the market, Knutsford Express dropped 10 cents in closing at $7.50 in switching ownership of 2,933 stocks. Lasco Financial shed 19 cents to close at $3.30 after exchanging 15,433 stock units, Lasco Manufacturing lost 14 cents to end at $5.11 after trading 16,182 units, Lumber Depot rallied 25 cents to $3.30 after exchanging 440,168 stocks. 
Paramount Trading fell 15 cents in closing at $1.75 after 14,620 shares changed hands, Spur Tree Spices rose 14 cents to end at $3.80 in switching ownership of 383,910 stock units, Stationery and Office Supplies advanced 35 cents to close at $11, with 32,258 stock units crossing the market and Tropical Battery increased 20 cents in closing at $2.70 with 647,164 units clearing the market.
In the preference segment, CAC 2000 9.5% preference share gained 10 cents to end at $1.10 after an exchange of 10,202 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Losers edged out Main Market winners
Market activity ended on Wednesday, with the volume of stocks traded declining 49 percent and the value 36 percent lower than on Tuesday on the Jamaica Stock Exchange Main Market as declining stocks edged out rising stocks.
The All Jamaican Composite Index dropped 2,314.48 points to 439,935.70, the JSE Main Index rose 956.58 points to close at 386,290.42 and JSE Financial Index fell 0.13 points to settle at 92.46.
A total of 56 securities traded, the same as on Tuesday, with 22 rising, 25 declining and nine ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 14. 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, 12,344,026 shares were exchanged for $106,516,410 down from 24,048,471 units at $165,423,987 on Tuesday. Trading averages 220,429 units at $1,902,079, compared to 429,437 shares at $2,954,000 on Tuesday and month to date, an average of 241,000 units at $3,955,613, compared to 242,290 units at $4,084,390 on the previous trading day. April closed with an average of 532,209 units at $5,709,319.
Wigton Windfarm led trading with 2.73 million shares for 22.1 percent of total volume, followed by JMMB Group 7.25% preference share due 2024, with 1.40 million units for 11.4 percent of the day’s trade, Sagicor Select Financial Fund chipped in with 1.39 million units for 11.3 percent market share and Transjamaican Highway, 1.10 million units for 8.9 percent of the day’s trades.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Cement popped 49 cents to close at $61, trading 59,517 shares, Caribbean Producers shed 34 cents to end at $13.96 in an exchange of 166,067 stock units, Carreras fell 30 cents in closing at $9.60 with an exchange of 268,574 stocks. Eppley dropped $4.33 at $38.67 after exchanging 1,363 units, GraceKennedy lost 32 cents to end at $107 after 34,348 stock units crossed the exchange, Guardian Holdings climbed $9 in closing at $520 after exchanging 3,173 shares. Jamaica Broilers declined $1.25 in ending at $27.05 with 110,937 units changing hands, Jamaica Producers advanced 32 cents to end at $21.95 while exchanging 16,979 stocks, Jamaica Stock Exchange dropped 55 cents to $18.50 after an exchange of 23,072 stock units. JMMB Group rallied $2.99 to close at $45.99, with 474,181 stocks changing hands, Margaritaville lost 40 cents to close at $22.60 in trading 64 units, Massy Holdings rose $1 in closing at $91 after 50,121 shares crossed the market. Mayberry Jamaican Equities gained $1.75 to end at $14.75 with the swapping of 83,664 stocks, 138 Student Living climbed 83 cents ending at $5.18 in switching ownership of 400 shares, Palace Amusement shed $30 to $920 in exchanging two units. 
PanJam Investment rallied $11.50 to end at $64.50 with 26,096 stock units crossing the market, Sagicor Group climbed $1.50 to close at $57.50, with 138,329 shares clearing the market, Salada Foods declined 40 cents to $5.50 in exchanging 38,244 stock units. Seprod fell $1.49 to $70.01 after exchanging 96,172 stocks, Sygnus Credit Investments lost 70 cents in closing at $14.80 after trading 78,324 units and Wisynco Group fell 60 cents to $19.40, with 212,894 stock units changing hands.
In the preference segment, JMMB Group 7.25% preference share, gained 36 cents in closing at $3.21 after trading 37 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More big Junior Market fall as winners = losers
Trading ended with 44 securities changing hands on the Jamaica Stock Exchange Junior Market Wednesday, down from 45 on Tuesday, with stocks rising and declining, accounting for 19 each, with six closing unchanged, resulting in the Market Index dipping 2.56 percent compared to 5.52 percent on Tuesday, with a 102.39 points dive to 4,027.35 and cutting the year to date gains from 33.7 percent to May 9th down to 17.5 percent.
The PE Ratio, a measure of computing appropriate stock values, averages 12.8. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial years closing up to the end of August 2023.
The market closed, with the volume of stocks traded dropping 49 percent and the value falling 47 percent from Tuesday, with 12,355,521 shares traded for $52,828,520, down from 24,253,233 units at $99,156,469 on Tuesday. Trading averaged 280,807 shares at $1,200,648 in contrast to 538,961 shares at $2,203,477 on Tuesday with the month to date, averaging 421,331 units at $1,814,834 compared to 430,189 units at $1,853,550 on the previous trading day. April closed with an average of 449,923 units at $1,781,786.
JFP Limited led trading with 1.40 million shares for 11.3 percent of total volume, followed by Mailpac Group with 1.21 million units for 9.8 percent of the day’s trade and Spur Tree Spices, 874,669 units for 7.1 percent market share.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of trading, Access Financial shed 91 cents to $20 in exchanging 23,441 shares, Cargo Handlers rose $1.30 to $11.70 in switching ownership of 20,216 units, Consolidated Bakeries gained 10 cents to close at $1.30 with an exchange of 89 stocks. Derrimon Trading lost 10 cents to $2.80 in exchanging 413,498 stock units, Dolphin Cove dropped 66 cents to $16.32 after trading 65,728 stocks, EduFocal rallied 24 cents to close at $2.99 trading 801,269 units. Elite Diagnostic fell 30 cents in closing at $3.21 in an exchange of 701,574 shares, Fosrich declined 70 cents after ending at $24.30, trading 523,023 stock units, Future Energy Source climbed 37 cents to end at $5.89, with 678,182 units changing hands. Honey Bun advanced 49 cents to $8.50 in trading 5,551 shares, Jetcon Corporation rose 13 cents in closing at $1.43 with 63,519 stocks clearing the market, KLE Group popped 21 cents in ending at $2.61 with the swapping of 38,923 stock units. Lasco Financial rose 18 cents to end at $3.49 while exchanging 32,012 shares, Lasco Manufacturing advanced 25 cents to close at $5.25 after an exchange of 53,401 stocks, Main Event fell 10 cents to $8.20 after 119,934 stock units crossed the market. 
Medical Disposables declined 55 cents in ending at $7, with 48,129 units crossing the market, Paramount Trading increased 10 cents to $1.90 with 22,030 stocks changing hands, Spur Tree Spices gained 16 cents to close at $3.66 after 874,669 shares were traded. SSL Venture rallied 14 cents in closing at $1.80, with 82,989 units changing hands and Stationery and Office Supplies dropped $1.35 to end at $10.65 with the swapping of 12,900 stock units.
In the preference segment, CAC 2000 9.5% preference share shed 16 cents in ending at $1, exchanging 3,187 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Investors dumped stocks to buy IPO
Prices plunged on the Jamaica Stock Exchange Main Market Tuesday after 56 securities traded compared to 58 on Friday, leading to a mere five rising, 46 declining and five ending unchanged market activity ended, with the volume of stocks traded surging 264 percent and the value climbing 155 percent more than on Friday as investors sold stocks to raise funds to purchase shares in the latest IPO – Dolla Financial, hitting the market later this week.
At the close, five stocks, including PanJam Investment, ended at a 52 weeks’ low. The All Jamaican Composite Index plunged 7,520.59 points to settle at 442,250.18, the JSE Main Index dived 6,564.71 points to 385,333.83 and the JSE Financial Index slipped 1.13 points to 92.59.
The PE Ratio, a formula for computing appropriate stock values, averages 14.1. 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 August 2023.
A total of 24,048,471 shares were exchanged for $165,423,987 up from 6,597,987 units at $64,884,016 on Friday. Trading averages 429,437 units at $2,954,000, versus 113,758 shares at $1,118,690 on Friday and month to date, an average of 242,561 units at $4,088,390, compared to 229,769 units at $4,160,020 on the previous trading day. April closed with an average of 532,209 units at $5,709,319.
Wigton Windfarm led trading with 6.0 million shares for 24.9 percent of total volume, followed by Transjamaican Highway with 3.97 million units for 16.5 percent of the day’s trade, QWI Investments chipped in with 2.71 million units for 11.3 percent market share, Sagicor Select Financial Fund ended with 2.48 million units for 10.3 percent of the day’s trade and 1834 Investments, 1.16 million units for 4.8 percent of trading.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Berger Paints dropped $2.21 to close at a 52 weeks’ low of $10.01 after an exchange of 16,122 shares, Caribbean Cement shed $1.49 to end at $60.51, with 126,043 units crossing the market, Caribbean Producers lost 55 cents in closing at $14.30, with 626,248 stocks changing hands. Carreras popped 60 cents to $9.90, trading 149,627 stock units, Eppley fell $6.50 to close at $43 after 5,479 stocks passed through the exchange, Eppley Caribbean Property Fund declined $7.27 to close at $40 in exchanging 12,460 units. First Rock Capital declined 64 cents to $11.52 after an exchange of 32,461 stock units, GraceKennedy dropped $2.67 in ending at $107.32, while exchanging 151,958 shares, Guardian Holdings fell $19 to end at $511 in switching ownership of 3,283 stocks. Jamaica Broilers increased $1.20 in closing at $28.30 in an exchange of 76,347 stock units, Jamaica Stock Exchange shed 95 cents to close at $19.05 after 14,387 units crossed the market, JMMB Group lost $2.25 in ending at $43 after exchanging 452,538 shares. Key Insurance declined 68 cents to close at a 52 weeks’ low of $3.60, trading 128,492 stocks, Kingston Wharves shed $2.09 to $36.11 with the swapping of 9,310 stock units, Mayberry Jamaican Equities lost $1 in closing at $13 with an exchange of 793,609 units. 138 Student Living fell 82 cents in closing at $4.35, with 98,926 shares clearing the market, Palace Amusement dropped $90 to $950, trading 51 stocks, PanJam Investment lost $13.50 to close at a 52 weeks’ low of $53 in trading 22,176 units. Proven Investments shed $2.50 to end at $36 after exchanging 42,595 shares, Pulse Investments dropped 40 cents to $3.59 with an exchange of 170,274 stock units, Sagicor Group advanced $1.40 to $56, with 211,959 stock units crossing the market. 
Scotia Group fell 60 cents in closing at $35.20 with an exchange of 87,916 stocks, Seprod declined 49 cents to end at $71.50 after exchanging 22,654 shares, Stanley Motta dropped 40 cents to close at $5.10, with 3,885 units clearing the market. Supreme Ventures fell $2.05, ending at $27.95 while exchanging 525,207 units, Sygnus Credit Investments shed 70 cents to close at $15.50 in exchanging 308,530 stock units, Sygnus Real Estate Finance lost $1 to end at a 52 weeks’ low of $14 after trading 4,006 stocks. Victoria Mutual Investments declined 36 cents in closing at a 52 weeks’ low of $5.21 in switching ownership of 449,801 shares and Wisynco Group fell $1.48 to $20, with 247,442 stocks crossing the market.
In the preference segment, JMMB Group 7.25% preference share lost 40 cents after ending at $2.85, trading 145 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big drop for Junior market stocks
Trading closed on the Jamaica Stock Exchange Junior Market Tuesday, with the volume of stocks traded surging 318 percent as 292 percent more funds were extracted from the market compared to Friday as investors eye the latest IPO to come to market and pushed five stocks to freeze in trading shortly after trading opened.
All 45 listed securities traded compared to 43 on Friday, with 36 declining. Only three gained and six closed unchanged, pushing the Junior Market Index down by a hefty 228.07 points or 5.52 percent to close at 4,129.74.
The PE Ratio, a measure of computing appropriate stock values averages 12.6. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial years closing up to the end of August 2023.
Overall, 24,253,233 shares traded for $99,156,469 up from 5,807,347 units at $25,315,609 on Friday. Trading averaged 538,961 shares at $2,203,477 up from 135,055 shares at $588,735 on Friday with month to date, averaging 430,189 units at $1,853,550 compared to 422,694 units at $1,829,436 on the previous trading day. April closed with an average of 449,923 units at $1,781,786.
Spur Tree Spices led trading with 2.80 million shares for 11.6 percent of total volume, followed by Lumber Depot, 2.44 million units for 10.1 percent of the day’s trade, EduFocal ended with 2.29 million units for 9.4 percent market share, Jamaican Teas chipped in with 1.88 million units for 7.8 percent of trading, JFP Ltd ended with 1.70 million units for 7 percent market share and Tropical Battery, 1.69 million units for 7 percent of the market.
Investor’s Choice bid-offer indicator shows none ended with the bid higher than the last selling price and three with lower offers.
At the close, Access Financial dropped $2.21 to end at $20.91 after exchanging 13,794 shares, Blue Power rose 25 cents to $4, trading 80 units, Cargo Handlers declined $1.30 in closing at $10.40, with 13,101 stocks crossing the market. Caribbean Cream lost 45 cents to close at $4.72, with 65,045 stock units clearing the market, Consolidated Bakeries shed 19 cents to $1.20 after 374,062 stocks crossed the exchange, Derrimon Trading fell 12 cents to close at $2.90 in an exchange of 1,291,861 shares. Dolphin Cove fell $1.62 in closing at $16.98 after exchanging 395,202 stock units, but it traded as low as $14 in early morning trading, EduFocal lost 42 cents to end at $2.75, with 2,290,798 units crossing the market, Elite Diagnostic declined 43 cents in ending at $3.51 with 870,148 units changing hands. Express Catering shed 26 cents to end at $5.54 in switching ownership of 687,522 shares, Fontana dropped 10 cents after ending at $9.90 while exchanging 776,176 stock units, Fosrich shed $3 to end at $25 in trading 469,131 stocks. Future Energy Source lost 72 cents to close at $5.52 with the swapping of 1,391,166 stock units, Honey Bun fell $1.19 in closing at $8.01 after exchanging 111,904 units, iCreate declined 37 cents to $3.19, with 506,855 shares changing hands. Iron Rock Insurance dropped 20 cents to $3.10, trading 1,873 stocks, ISP Finance dropped $7 to close at $22.50 with an exchange of 23 stock units, Jamaican Teas fell 25 cents to end at $3.16, trading 1,881,644 stocks. Jetcon Corporation declined 26 cents in closing at $1.30 in exchanging 569,058 units, JFP Ltd lost 27 cents to end at $1.33 after 1,703,508 shares crossed the market, KLE Group popped 10 cents to close at $2.40 with 1,135 shares clearing the market. 
Knutsford Express shed 20 cents to $7.60 with the swapping of 11,987 stocks, Lasco Financial fell 22 cents in closing at $3.31 after trading 100,336 units,Lasco Manufacturing declined 11 cents in ending at $5, with 40,055 stock units changing hands. Lumber Depot lost 30 cents to end at $3.11 with an exchange of 2,444,142 stock units, Mailpac Group dropped 33 cents in closing at $2.61 after trading 905,286 units, Main Event shed 60 cents to $8.30 in switching ownership of 62,663 shares. Medical Disposables declined 45 cents in ending at $7.55 after 48,201 stocks crossed the exchange, Paramount Trading dropped 22 cents to end at $1.80 in trading 37,686 shares, Spur Tree Spices shed 35 cents to close at $3.50 after exchanging 2,804,435 stock units. Stationery and Office Supplies lost 15 cents to close at $12 in an exchange of 138,126 stocks, but the stock traded as low as $10 before rebounding, Tropical Battery fell 40 cents to end at $2.45, with 1,687,606 units crossing the market and tTech declined 10 cents in ending at $3.50 after exchanging 63,018 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Main market falters in Friday’s trades
Market activity ended on the Jamaica Stock Exchange Main Market on Friday, with the volume of stocks traded declining 33 percent and the value nosediving 48 percent from Thursday’s activity as rising stocks exceeded those declining by a moderate margin.
The All Jamaican Composite Index lost 1,581.75 points to settle at 449,770.77, the JSE Main Index slipped by 707.68 points to 391,898.55 and the JSE Financial Index lost 0.43 points to settle at 93.72. Trading ended with 58 securities compared to 51 on Thursday, with 25 rising, 22 declining and 11 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 15. 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 6,597,987 shares were exchanged for $64,884,016 versus 9,880,109 units at $124,533,581 on Thursday. Trading averages 113,758 units at $1,118,690, compared to 193,728 shares at $2,441,835 on Thursday and month to date, an average of 229,769 units at $4,160,020 compared to 238,407 units at $4,385,460 on the previous trading day. April closed with an average of 532,209 units at $5,709,319.
Wigton Windfarm led trading with 1.89 million shares for 28.6 percent of total volume, followed by QWI Investments with 1.07 million units for 16.2 percent of the day’s trade and Pulse Investments with 885,391 units for 13.4 percent market share.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Cement dropped $1 to $62 trading 23,340 shares, Carreras declined 64 cents to close at $9.30 after 129,765 units were traded, Eppley lost 85 cents in ending at $49.50 after exchanging 581 stocks. Eppley Caribbean Property Fund popped $4.27 in closing at $47.27 after an exchange of 25 stock units, GraceKennedy fell 81 cents to end at $109.99, with 14,815 units crossing the market, Guardian Holdings gained $6 to end at $530 after exchanging 56 shares. Jamaica Broilers shed $1.40 in closing at $27.10 after 3,829 stock units cleared the market, Jamaica Stock Exchange dropped 53 cents to close at $20 in trading 8,351 stocks, Key Insurance rose 30 cents to close at $4.28 with the swapping of 3,096 stocks. Margaritaville climbed $2 to $23 in switching ownership of 25 units, Mayberry Investments shed 74 cents to close at $10.26 while exchanging 9,664 shares,Mayberry Jamaican Equities fell $1 in ending at $14, with 68,279 stock units crossing the market. MPC Caribbean Clean Energy advanced $1.70 to $110.70 trading five units, NCB Financial lost 85 cents to end at $109.15, with 22,849 shares crossing the exchange, Palace Amusement increased $85 in closing at $1040 with an exchange of one stock unit. 
PanJam Investment rallied $4 to close at $66.50 in exchanging 5,567 stocks, Portland JSX declined $2 in closing at $8.60, with 20,000 stock units changing hands, Scotia Group declined $1.14 in ending at $35.80, with 701,451 stocks crossing the exchange. Seprod gained 49 cents to close at $71.99 in switching ownership of 25,036 shares, Supreme Ventures advanced $1 to end at $30 with an exchange of 43,555 units, Sygnus Credit Investments fell 32 cents in closing at $16.20, with 110,180 shares crossing the market and Wisynco Group rallied $1.48 to $21.48 in an exchange of 95,131 stocks.
In the preference segment, Eppley 7.50% preference share increased 33 cents to close at $8.40, with 101 stock units clearing the market and Jamaica Public Service 9.5% dropped $100 in ending at $3000, with 108 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market prices mostly fall Friday
Trading closed on the Jamaica Stock Exchange Junior Market on Friday, with the volume of stocks traded declining 68 percent with a 60 percent lower value than Thursday as 43 securities traded down from 44 on Thursday and ended with ten rising, 22 declining and 11 closing unchanged.
At the close, the Junior Market Index shed 3.71 points to 4,357.81.
The PE Ratio, a measure used in computing appropriate stock values, averages 13.5. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial years closing up to the end of August 2023.
A total of 5,807,347 shares were traded for $25,315,609, dropping from 18,169,661 units at $63,184,225 on the Thursday. Trading averaged 135,055 shares at $588,735 in contrast to 412,947 shares at $1,436,005 on Thursday with month to date, averaging 422,694 units at $1,829,436 compared to 442,970 units at $1,916,895 on the previous trading day. April closed with an average of 449,923 units at $1,781,786.
Jetcon Corporation led trading with 1.04 million shares for 17.9 percent of total volume, followed by AMG Packaging with 469,900 units for 8.1 percent of the day’s trade and Lumber Depot with 422,811 units for 7.3 percent market share.
The Investor’s Choice bid-offer indicator shows no stock ending with a higher bid than the last selling price and two with lower offers.
At the close, AMG Packaging lost 10 cents in closing at $3.50 after trading 469,900 shares, Blue Power declined 18 cents to $3.75 in exchanging 35,689 stock units, Cargo Handlers shed 16 cents to close at $11.70 after an exchange of 977 units. Caribbean Assurance Brokers fell 17 cents to end at $2.25, with 155,000 stocks crossing the market, Derrimon Trading dropped 13 cents in ending at $3.02 with 114,968 shares clearing the market, Dolphin Cove declined $1.51 to close at $18.60 in an exchange of 68,237 stocks. Elite Diagnostic gained 14 cents to $3.94 in switching ownership of 126,699 stock units, Everything Fresh lost 26 cents to end at $1.34 after 12,327 units crossed the market, Express Catering dropped 10 cents in closing at $5.80 after exchanging 36,365 stocks. 
Fontana fell 30 cents to $10, with 344,612 stock units changing hands, GWest Corporation shed 14 cents to $1.01 while trading 15,098 shares, KLE Group declined 10 cents in closing at $2.30 with an exchange of 2,658 units. Stationery and Office Supplies shed 85 cents ending at $12.15 after finishing trading 10,044 stocks, Tropical Battery popped 10 cents to end at $2.85 after 154,743 shares crossed the exchange and tTech lost 10 cents to close at $3.60 trading 3,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
