7000 points JSE Main Market drop

The Jamaica Stock Exchange Main Market dived sharply on Wednesday with the All  Jamaica Composite Index tumbling 7,018.30 points to close at 545,531.01 and the JSE Market Index declining 6,328.36 points to 496,866.39.
The market closed with 42 securities changing hands in the Main and US dollar markets with the prices of 19 advancing, 12 declining and 11 trading firm as the JSE Financial Index lost 2.97 points to 133.17. The PE ratio of the market ended at 20.1, while the Main Market ended at 19.3 times 2019 earnings.
The value stocks trading tripled Tuesday’s level, but the volume was lower, as the market ended with 39 securities changing hands in the Main Market, accounting for 30,283,990 units, valued at $380,332,800, in contrast to 35,465,290 units valued at $125,645,204 from 41 securities on Tuesday.
Wigton Windfarm dominated trading with 9.2 million shares for 30 percent of total volume, followed by Sagicor Select Financial Fund with 7.75 million units for 26 percent of the day’s trade and QWI Investments with 2.4 million shares for 8 percent of the market’s volume. Other stocks trading more than one million units were Caribbean Cement with 1 million units, Jamaica Broilers with 1.1 million shares, Jamaica Producers Group with 1.5 million shares, Jamaica Stock Exchange with 1.2 million, Sagicor Group with 1.14 million and Sagicor Select Manufacturing and Distribution Fund with 1.7 million units.
The Market closed with an average of 776,513 units at $9,752,123 for each security traded, in contrast to 865,007 units at an average of $2,778,194 on Tuesday. The average volume and value for the month to date amounts to 564,747 units valued at $2,959,713 for each security changing hands, compared to 551,005 units valued at $2,487,513 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows six stocks ending with bids higher than their last selling prices and four closing with lower offers.
In the prime market, Barita Investments gained $1 to settle at $72 in trading 158,050 units, Eppley Caribbean Property Fund rose to $39 after gaining 97 cents and exchanging 1,000 stock units, Grace Kennedy climbed $2.51 to end at $75.01, with 28,379 shares changing hands. Jamaica Broilers drifted $2 to $35, in swapping 1,115,542 units, Jamaica Stock Exchange lost $1.33 and ended at $31.55, in transferring 1,203,500 stock units, JMMB Group closed 80 cents lower to $47.50 after exchanging 35,156 shares. NCB Financial gained 50 cents to settle at $190, after swapping 142,993 units, PanJam Investment closed at $100.50, after losing 50 cents trading 14,560 shares, Portland JSX added 99 cents to close at $8.99, with 1,000 units changing hands. Proven Investments climbed $5.45 to end at $54.95, in trading 8,166 shares, Pulse Investments gained 44 cents to end at $6.94, in exchanging 43,234 shares, Radio Jamaica closed 36 cents higher to $1.77 after transferring 33,244 shares. Sagicor Group lost 90 cents to end at $70, with an exchange of 1,137,836 shares, Scotia Group dropped $3.50 to close at $54 trading 24,100 shares, Seprod closed $2 higher at $49 exchanging 284,322 units. Stanley Motta closed at $5.80, after gaining 30 cents in swapping 400 units, Supreme Ventures climbed $2.95 and settled at $23.97, after transferring 96,284 shares, Sygnus Credit Investments closed $1.30 higher to $26.90, with 29,288 shares changing hands. Victoria Mutual Investments added $1 to end at a record high of $12.50, in swapping 519,848 shares and in the preference segment, Eppley 8.25% lost 50 cents to close at a 52 weeks’ low of 5.50 after trading 16,000 stock units.
Trading in the US dollar market ended with 8,264 units valued at over US$2,546. The market index lost 0.11 points to close at 241.54. JMMB Group 6% preference share exchanged 461 units at US$1.05, Proven Investments gained 1 US cent to close at 34 US cents trading 5,987 units and Sterling Investments closed at 3 US cents, with 1,816 units changing hands.

Sharp surge in JSE Main Market

Kingston Wharves jumped $9.40 on Tuesday.

The major indices of the Jamaica Stock Exchange surged substantially at the close on Tuesday as Kingston Wharves led price movement with a gain of $9.40 and heavy weighted Scotia Group rose $1.
At the close, the JSE All Jamaican Composite Index soared 8,517.00 points to close at 552,549.31, the JSE Market Index surged 7,718.70 points to 503,194.75 and the JSE Financial Index rose 1.81 points to 136.17.
The market closed with 43 securities changing hands in the Main and US dollar markets with the prices of 15 advancing, 18 declining and 10 trading firm. The JSE Main Market activity ended with 41 securities accounting 35,465,290 units valued at $125,645,204 in contrast to 17,412,213 units valued at $219,477,578 from 42 securities on Monday.
Wigton Windfarm dominated trading with 22.2 million shares for 62 percent of total volume, followed by Sagicor Select Financial Fund with 6.2 million units for 17 percent of the day’s trade and Sagicor Select Manufacturing and Distribution Fund with 2.24 million shares for 6 percent of market share. QWI Investments with 1.56 million units changing hands was the only other company trading more than one million shares.
The Market closed with an average of 865,007 units valued at an average of $3,064,517 for each security traded, in contrast to 414,576 units valued at an average of $5,225,657 on Monday. The average volume and value for the month to date amounts to 551,005 units valued at $2,508,438 for each security changing hands, compared to 528,016 units valued at $2,464,544 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and three closing with lower offers. The PE ratio of the market ended at 19.8, while the Main Market ended at 19.1 times 2019 earnings.
In trading, Barita Investments closed $1 lower to $71, with an exchange of 8,804 units, Berger Paints lost 49 cents to end at $16.51, trading 14,350 shares, Caribbean Cement settled at $72, losing $1 in swapping 5,500 units. Carreras lost 31 cents to close at $7.98, with 364,936 shares changing hands, Grace Kennedy gained 50 cents after transferring 17,959 shares and ending at $72.50, Jamaica Broilers closed at $37, after losing $1 trading 77,652 shares. Jamaica Producers settled at $23, with a loss of $1.61 in swapping 132,056 units, Jamaica Stock Exchange added 88 cents and closed at $32.88, after exchanging 24,557 shares, JMMB Group gained 30 cents to close at $48.30 trading 77,725 shares. Kingston Wharves jumped $9.40 to $71, with 7,780 units changing hands, NCB Financial traded 39,634 units for a loss of 50 cents to settle at $189.50, PanJam Investment ended at $101, with a loss of $1 in trading 31,334 shares. Portland JSX closed 30 cents higher at $8, after swapping 1,500 units, Proven Investments added 50 cents to end at a record closing high of $49.50, with an exchange of 20,981 shares, Radio Jamaica lost 48 cents to settle at $1.41, with 246,227 shares changing hands. Sagicor Real Estate Fund ended 60 cents lower to close at $9 while trading 183,700 shares, Scotia Group added $1 to close at $57.50, after swapping 563,570 shares, Seprod dropped $2.95 to end at $47 while trading 11,255 units. Supreme Ventures tumbled to $21.02, after falling $3.98 and exchanging 56,530 shares, Sygnus Credit Investments closed $1.15 lower to $25.60, with 31,627 shares changing hands and Victoria Mutual Investments rose to a record high of $11.50, with a gain of 54 cents to end at $11.50, as 337,888 shares crossed the exchange.
Trading in the US dollar market ended with 25,611 units valued at over US$4,730. The market index climbed 4.19 points to close at 241.65. Proven Investments gained 1.5 US cents to close at 33 US cents trading 2,218 shares and Sygnus Credit Investments ended 2 US cents higher to settle at 17 US cents with 23,393 units changing hands.

JSE Main Market loses ground – Monday

Activity on the Jamaica Stock Exchange Main Market began the week with the major indices losing ground with rising stocks edging out declining ones.
At the close, the JSE All Jamaican Composite Index declined 2,332.11 points to close at 544,032.31, the JSE Market Index dropped 2,102.93 points to 495,476.05 and the JSE Financial Index lost 1.18 points to 134.33.
Grace Kennedy and Jamaica Producers lost $5 and $2.39, respectively, at the same time, Kingston Wharves jumped $5.57, Jamaica Stock Exchange climbed $3.14 and Caribbean Cement was up $2 to be some of the more significant movers at the close of trading.
The market closed with 46 securities changing hands in the Main and US dollar markets with the prices of 19 advancing, 16 declining and 11 trading firm. The JSE Main Market activity ended with 42 securities accounting 17,412,213 units valued at $219,477,578 in contrast to 18,625,847 units valued at $90,035,262 from 43 securities on Friday.
 Sagicor Select Financial Fund dominated trading with 5.65 million shares for 32 percent of total volume, followed by Wigton Windfarm with 3.45 million units for 20 percent of the day’s trade and Sagicor Select Manufacturing and Distribution Fund with 2.64 million shares for 15 percent market share. Other stocks trading more than one million shares were Grace Kennedy with 1.25 million shares and QWI Investments with 1.44 million units.
The market closed with an average of 414,576 units valued at an average of $5,225,657 for each security traded, in contrast to 433,159 units valued at an average of $2,093,843 on Friday. The average volume and value for the month to date amounts to 528,016 units valued at $2,464,594 for each security changing hands, compared to 537,214 units valued at $2,221,990 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and one closing with lower offers. The PE ratio of the market ended at 19.9, while the Main Market ended at 19.2 times 2019 earnings.
In the prime market, Barita Investments lost 50 to close at $72 in trading 8,851 units, Berger Paints closed 85 cents lower to $17, with an exchange of 900 shares, Caribbean Cement gained $2 to settle at $73, with 7,203 stock units changing hands. Eppley Caribbean Property Fund rose 98 cents to $38, in swapping 3,200 shares, Grace Kennedy dropped $5 to end at $72, after transferring 1,248,922 shares, Jamaica Broilers closed at $38, after losing $1 in trading 2,849 shares. Jamaica Producers settled at $24.61, with a loss of $2.39 in swapping 21,511 units, Jamaica Stock Exchange advanced by $3.14 to $32, in exchanging 56,550 shares, JMMB Group lost 45 cents to close at $48, with 107,892 shares changing hands. Kingston Wharves climbed $5.57 to $61.60, in transferring 32,070 units, Mayberry Jamaican Equities ended 31 cents lower at $11.01, with an exchange of 22,155 shares, 138 Student Living gained 42 cents to settle at $4.22 trading 3,000 shares. PanJam Investment ended at $102, with a gain of $1 after exchanging 8,876 shares. Portland JSX lost $1.29 to end at $7.70, with 92,980 shares changing hands, Proven Investments gained $1 to $49, after transferring 29,275 shares, Sagicor Real Estate Fund ended 55 cents higher to close at $9.60 after trading 7,657 stock units. Scotia Group added 50 cents to settle at $56.50, with 91,557 shares changing hands, Supreme Ventures ended at $25, gaining $1 exchanging 54,697 shares, Victoria Mutual Investments closed 36 cents higher at $10.96, after swapping 334,266 shares and Wisynco Group rose $1 to $23, in trading 74,342 units.
Trading in the US dollar market ended with 395,007 units value US$115,375. The market index plunged 10.07 points to close at 237.46. Margaritaville traded 251,150 shares and declined marginally from 34 US cents to 33.99 US cents, Proven Investments closed 2.5 US cents lower to 31.55 US cents, after swapping 13,933 shares. Sygnus Credit Investments lost 3 US cents in exchanging 126,766 units to close at 15 US cents, and JMMB Group 5.75% preference share remained unchanged at US$1.72, after trading 3,158 units.

JSE majors drop 6,300 points this week

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The Main Market indices on the Jamaica Stock Exchange ended the week on Friday, with another round of losses with the market closing down on Friday at the end of a volatile week.
At the close, the JSE All Jamaican Composite Index dropped 2,369.39 points to close at 546,364.42, with a drop of 6,296 points for the week. The JSE Market Index declined 2,098.74 points to 497,578.98, leading to a decline of 5,758 points for the week and the JSE Financial Index lost 0.81 points to 135.51.
The market closed with 50 securities changing hands in the Main and US dollar markets with the prices of 18 advancing, 20 declining and 12 trading firm. The JSE Main Market activity ended with 43 securities accounting 18,625,847 units valued at $90,035,262 in contrast to 28,467,668 units valued at $102,258,217 from 42 securities on Thursday. JMMB Group 7.25% preference share closed at a 52 weeks’ low of $1.45.
Wigton Windfarm dominated trading with 6.5 million shares for 35 percent of total volume, followed by Sagicor Select Financial Fund with 5 million units for 27 percent of the day’s trade and QWI Investments with 2.2 million shares for 12 percent of the market’s volume. The only other stock trading more than one million shares was Sagicor Select Fund – Manufacturing and Distribution, with 1.2 million units.
The Market closed with an average of 433,159 units valued at an average of $2,093,843 for each security traded, in contrast to 662,039 units valued at an average of $2,378,098 on Thursday. The average volume and value for the month to date amounts to 537,214 units valued at $2,21,990 for each security changing hands, compared to 546,633 units valued at $2,234,657 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows eight stocks ending with bids higher than their last selling prices and two closing with lower offers. The PE ratio of the market ended at 19.7, while the Main Market ended at 18.8 times the 2019 earnings.
In the prime market, Barita Investments closed 50 cents lower to $72.50, with an exchange of 175,838 units, Berger Paints gained 85 cents to end at $17.85, with 3,139 shares changing hands, Caribbean Cement dropped $2.45, settling at $71 in trading 4,824 shares. Eppley closed 60 cents higher at $15, after transferring 3,675 units, Grace Kennedy slipped $1 to close at $77, in swapping 107,380 shares, Jamaica Broilers closed $2.90 higher to $39 after exchanging 2,050 shares. Jamaica Producers Group gained $2.47 to end at $27 trading 200 units. MPC Caribbean Clean Energy advanced $16 to $231, with 100 units changing hands, NCB Financial Group lost $3 in transferring 72,880 shares to close at $190, after trading as low as $175.01, 138 Student Living lost 42 cents to settle at $3.80, in swapping 93,977 shares. PanJam Investment ended at $101, with a gain of 45 cents trading 1,772 shares, Proven Investments declined $1.95 to $48, after 19,016 units changed hands, Pulse Investments closed at $6.50, with a loss of 59 cents in transferring 235,665 shares. Sagicor Real Estate Fund lost 84 cents in swapping 22,301 shares, and ending at $9.05, Scotia Group added $1 to close at $56, with 145,825 shares changing hands, Seprod gained $1.99 and ended at $49.99, after trading 117,955 shares. Supreme Ventures gained $1 to end at 24.00 with 12,840 stock units trading, Sygnus Credit Investments slid to $26.50, after losing 50 cents and transferring 25,616 shares and Wisynco Group dropped $1.25 to end the day’s trade at $22, in swapping 134,384 shares.
Trading in the US dollar market ended with 316,904 units valued at over US$112,316. The market index advanced 12.02 points to close at 247.53. Margaritaville lost 1 US cent in an exchange of 125 units at 34 US cents, Proven Investments gained 2 US cents to close at 34 US cents, after exchanging 311,898 shares, Sygnus Credit Investments traded 1,625 units at 18 US cents, Sterling Investments closed at 3 US cents with 918 units changing hands,
In the preference section of the US dollar market, JMMB Group 5.75% swapped 1,030 units, gaining 2 US cents to end at US$1.52, JMMB Group 6% settled at US$1.05, after rising 5 US cents trading 866 shares and JMMB Group 5.75% lost 30 US cents to settle at US$1.72, after an exchange of 442 units.

JSE Main Market enjoys bounce

Grace Kennedy put on $7 to recover from a big drop on Wednesday, but Scotia Group dropped $2.95 and, along with sixteen other rising stocks, helped to push the JSE Main Market Index up 3,600 points.
Market activity resulted in the primary indices regaining almost half of the ground lost on Wednesday. At the close, the JSE All Jamaican Composite Index jumped 4,003.98 points to close at 548,733.81. The JSE Market Index climbed 3,628.22 points to 499,677.72 and the JSE Financial Index rose 1.55 points to 136.32.
The market closed with 47 securities changing hands in the Main and US dollar markets with the prices of 18 stocks advancing, 16 declining and 13 trading firm. The JSE Main Market activity ended with 42 securities accounting for 28,467,668 units valued at $102,258,217 in contrast to 49,953,294 units valued at $104,735,667 from 42 securities on Wednesday.
Wigton Windfarm dominated trading with 17.6 million shares for 62 percent of total volume, followed by Sagicor Select Financial Fund with 6.3 million units for 22 percent of the day’s trade and QWI Investments with 1.1 million shares for 4 percent of the market’s volume.
The Market closed with an average of 662,039 units, valued at an average of $2,378,098 for each security traded, in contrast to 1,218,373 units valued at an average of $2,554,528 on Wednesday. The average volume and value for the month to date amounts to 546,633 units valued at $2,234,657 for each security changing hands, compared to 535,146 units valued at $2,218,923 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows six stocks ending with bids higher than their last selling prices and eight closing with lower offers. The PE ratio of the market ended at 19.5, while the Main Market ended at 18.7 times the 2019 earnings.
In the prime market, Barita Investments lost $1 to close at $73, with 3,100 shares changing hands, Berger Paints gained 50 cents to settle at $17 trading 884 units, Grace Kennedy jumped $7 to close at $78, after swapping 112,533 stock units. Jamaica Producers Group dropped 97 cents to end at $24.53, in exchanging 3,752 shares, JMMB Group closed $1.70 higher to $48.45 with an exchange of 196,144 units, Mayberry Jamaican Equities lost 55 cents to settle at $11.30 in trading 56,800 units. NCB Financial Group declined by 50 cents to close at $193, in an exchange of 74,576 shares, Sagicor Group climbed $1.80 to $70.80, in swapping 9,434 shares, Scotia Group ended $2.95 down at $55, with 34,209 shares changing hands, Seprod slipped 94 cents and closed at $48, in trading 35,213 shares. Supreme Ventures slid to $23, after a loss of $2 in transferring 147,830 shares, Victoria Mutual Investments closed 50 cents lower at $10.50, with an exchange of 297,116 shares and Wisynco Group gained $1.25 to end at $23.25, in swapping 188,582 shares. In the preference sector, JMMB Group 7.25% preference share lost 39 cents in closing at $1.59 with just 535 units changing hands.
Trading in the US dollar market ended with 223,639 units valued at over US$55,813. The market index advanced 3.06 points to close at 235.51. Margaritaville Turks exchanged 122,500 shares at 35 US cents after rising a fraction of a cent. Sygnus Credit Investments gained 3.7 US cents trading 56,225 shares to end at 18 US cents, Sterling Investments closed at 3 US cents with 36,382 units changing hands. Productive Business Solution rose 5 US cents to 75 US cents, with a transfer of 123 units and Proven Investments lost half of a cent to end at 32 US cents while exchanging 8,409 shares.

JSE Main Market plunged – Wednesday

NCB Financial Montego Bay branch

Prices of Grace Kennedy and NCB Financial Group suffered sharp declines followed by Jamaica Broilers and Kingston Wharves and helped to knock several thousand points off the major indices of the Jamaica Stock Exchange on Wednesday.
At the close, the JSE All Jamaican Composite Index plummeted 9,959.24 points to close at 544,729.83, the JSE Market Index plunged 9,002.01 points to 496,049.50 and the JSE Financial Index declined 2.42 points to 134.77.
The market closed with 46 securities changing hands in the Main and US dollar markets with the prices of 13 advancing, 21 declining and 12 trading firm. The JSE Main Market activity ended with 41 securities accounting for 49,953,294 units at $104,735,667 in contrast to 25,370,029 units valued at $66,307,015 from 36 securities on Tuesday.
Sagicor Select Financial Fund dominated trading with 36.3 million shares for 73 percent of total volume, followed by JMMB Group 7.5% with 5 million units for 10 percent of the day’s trade, and Wigton Windfarm with 2.9 million shares for 6 percent of the market’s volume. Other stocks trading more than one million units were Sagicor Select Manufacturing & Distribution Fund with 2.2 million shares and QWI Investments with 1.7 million units.
The Market closed with an average of 1,218,373 units valued at an average of $2,554,528 for each security traded, in contrast to 704,723 units for $1,841,862 on Tuesday for each security changing hands. The average volume and value for the month to date amounts to 535,146 units for $2,218,923 for each security crossing the exchange, compared to 463,503 units valued at $2,179,721 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows six stocks ending with bids higher than their last selling prices and two closing with lower offers. The PE ratio of the market ended at 18.7, while the Main Market ended at 19.4 times the 2019 earnings.
In the prime market, Barita Investments gained 50 cents to settle at $74 trading 4,241 units, Caribbean Cement climbed $4.45 to end at $73.45, with 29,398 shares changing hands, Eppley Caribbean Property Fund closed $1 higher to $37.02 after transferring 610 shares. Grace Kennedy dropped $5.01 to $71 in exchanging 20,194 shares, Jamaica Broilers closed $2.79 lower to $36.11, after swapping 10,149 shares. Jamaica Producers Group climbed $1.49 to settle at $25.50, in trading 2,247 shares, JMMB Group lost $1.25 to close at $46.75, with 95,804 units changing hands. Kingston Wharves ended at $56.02, after losing $2.48 in trading 1,501 shares, Mayberry Jamaican Equities gained 54 cents to close at $11.85, in swapping 9,302 units, NCB Financial Group tumbled to $193.50, with a loss of $4.50 after transferring 97,143 shares. PanJam Investment closed $1.50 lower to $100.50 while exchanging 2,500 units, Pulse Investments gained 55 cents to close at $7, with 22,670 units changing hands. Sagicor Group lost $1 to end at $69, in swapping 52,139 shares, Seprod closed $1.06 lower to $48.94 trading 12,584 shares, Sygnus Credit Investments gained 50 cents in transferring 38,791, to end at $27. Victoria Mutual Investments climbed $1 to a record $11, with an exchange of 341,192 shares and Wisynco Group closed 50 cents lower to $22 in swapping 319,531 shares.
Trading in the US dollar market ended with 220,522 units valued US$77,797. The market index lost 1.49 points to close at 232.45. Proven Investments traded 104,624 units, gaining half of 1 US cent to close at 0.325 US cents, Sterling Investments swapped 10,000 units at 3 US cents and Sygnus Credit Investments lost 3.7 US cents in exchanging 73,431 shares to end at 14.3 US cents. JMMB Group 6% preference closed at US$1, after falling just under half of one US cent in trading 32,467 shares.

Modest gains for JSE majors

Jamaica Stock Exchange.

The Main Market of the Jamaica Stock Exchange suffered a sharp increase in the number of stocks declining, with the leading indices enjoying marginal gains on Monday, following the tumultuous dive on Friday.
At the close, the JSE All Jamaican Composite Index advanced 424.97 points to close at 553,085.25, the JSE Market Index gained 346.27 points to 503,682.78, and the JSE Financial Index rose 0.30 points to 136.33.
The market closed with 47 securities changing hands in the Main and US dollar markets with the prices of 10 advancing, 24 declining and 12 trading firm. The JSE Main Market activity ended with 38 securities accounting for 12,661,713 units valued at $111,971,239 in contrast to 28,514,298 units valued at $143,131,830 from 38 securities on Friday.
Wigton Windfarm dominated trading with 4.1 million shares for 33 percent of total volume. Sagicor Select Financial Fund followed with 2.6 million units for 21 percent of the day’s trade and Sagicor Select Manufacturing & Distribution with 1.4 million shares for 11 percent of the market’s volume.
The Market closed with an average of 301,469 units valued at an average of $2,665,982 for each security traded, in contrast to 750,376 units valued at an average of $3,766,627 on Friday. The average volume and value for the month to date amounts to 439,042 units valued at 2,218,333 for each security changing hands, compared to 457,502 units valued at $2,149,464 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
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 two with lower offers. The PE ratio of the market ended at 19.5, while the Main Market ended at 18.7 times the 2019 earnings.
In the prime market, Barita Investments lost 35 cents, in ending at $73.50 and trading 9,963 units, Berger Paints settled at $16.51, after losing 49 cents exchanging 2,300 shares, Caribbean Cement dropped $1.50 to end at $73.50, with 108,257 stock units changing hands. Eppley Caribbean Property Fund closed $4.49 lower to $36.01 after transferring just 1,577 shares, Grace Kennedy gained $1 trading 319,335 units to end at $77, Jamaica Broilers closed at $39.40, with gains of 40 cents in swapping 42,036 stock units. Jamaica Producers Group dropped $1.06, falling to $26.40 with an exchange of 2,336 shares, JMMB Group closed $2.39 lower at $46 in trading 468,667 units. Kingston Wharves ended at $58.50, after losing $2.40 exchanging 12,340 shares, MPC Caribbean Clean Energy settled at $215, having gained $5 with 100 units trading. NCB Financial Group declined $3.50 to $195, after falling $3.50 transferring 44,755 shares, Pulse Investments added 44 cents to close at $6.89, with 361,956 units changing hands, Sagicor Group lost 40 cents to end at $69.60 in swapping 68,386 shares. Salada Foods gained $2 to close at $32, with an exchange of 10,716 units, Scotia Group rose $3.94 to $55, after trading 17,152 shares, Seprod lost 90 cents to close at $50, with 26,085 units changing hands. Sygnus Credit Investments lost 50 cents to settle at $26.50 in swapping 49,904 shares, Wisynco Group ended 50 cents higher at $22.50, with an exchange of 281,294 shares and in the preference sector, 138 Student Living lost 50 cents in trading 100 stock units to close at $5.50.
Trading in the US dollar market ended with 32,903 units valued at US$11,906. The market index advanced 8.56 points to close at 238.40. Proven Investments traded 20,698 units, after losing 2 US cents to close at 33 US cents. Sygnus Credit Investments gained 4 US cents with 8,700 shares changing hands and ended at a record high of 18 US cents and Sterling Investments ended at 3 US cents, with 200 units changing hands. JMMB Group 6% preference share lost 1 US cent to close at US$1.04 while exchanging 3,305 units.

Junior Market trading slips – Monday

Trading on the Junior Market of the Jamaica Stock Exchange ended on Monday with 34 securities changing hands, resulting in an exchange of 2,705,269 units valued at $10,296,689 compared to 13,086,482 units amounting to $78,746,137 from 30 companies on Friday.
At the close of market activities, the prices of 15 securities advanced, 13 declined and 6 remained unchanged. The Junior Market Index fell 22.53 points to close at 3,262.83 and the market’s average PE Ratio ended the day at 13.9 earnings for 2019.
Trading ended with an average of 79,567 units for an average of $302,844 in contrast to 436,216 units for an average of $2,624,871 on Friday. The average volume and value for the month to date amounts to units 189,635 valued at $800,580 and previously 208,070 valued at $883.944. In contrast, December closed with an average of 521,319 shares at $1,344,719 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice two bid-offer indicator reading shows seven stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, Access Financial closed 50 cents higher at $30.50, with 1,100 stock units crossing the exchange, Blue Power declined 50 cents in trading of 21,110 units at $4.50, Cargo Handlers fell $1.50 trading of 23,803 units at $8. Caribbean Producers ended market activity exchanging 199,750 shares to close at $4.80 after falling 20 cents, Consolidated Bakeries traded 20,000 units and gained 11 cents to end at $1.80, Dolphin Cove gained $1 to end at $11.80 with 10,388 stock units trading. Derrimon Trading fell 3 cents with 9,565 units changing hands at $2.55, Everything Fresh climbed 3 cents in exchanging 6,914 shares at $1.07, Fontana rose 40 cents trading 34,132 stock units at $7, Fosrich gained 9 cents and exchanged 134,721 shares at $4.46. General Accident closed with a loss of 25 cents at $6.20, after swapping of 36,453 shares, GWest shed 18 cents in trading of 35,310 units at $1.07, Honey Bun closed with a loss of 80 cents at $7.30, after swapping of 121,550 shares, iCreate ended with a loss of 1 cent at 74 cents with 48,160 stock units changing hands. Indies Pharma declined 19 cents to settle at $3 with 53,342 units crossing the exchange, Jamaican Teas ended trading with 219,731 shares, after rising 50 cents to end at $7.90. Jetcon Corporation fell 20 cents with an exchange of 15,000 units at $1.50, Key Insurance closed 10 cents higher at $3.60, with 37,170 stock units trading, Knutsford Express declined 61 cents to settle at $9.99 after trading 19,746 shares. Lasco Distributors closed with 62,097 units hanging hands and rose 7 cents to end at $3.13, Lasco Financial ended with a loss of 1 cent at $4.26 with 18,327 stock units changing hands, Lasco Manufacturing closed 10 cents higher at $4.60, with 218,213 stock units trading. Lumber Depot closed with an exchange of 531,327 units and gained 2 cents to end at $1.52, Mailpac Group fell 9 cents to end at $2.05, after swapping of 310,503 shares, Main Event closed 84 cents higher at $6.04, with 5,000 stock units trading. Medical Disposables ended trading of 200 shares, after rising 30 cents to end at $7, Paramount Trading closed with 8,600 units changing hands, after rising 15 cents to end at $1.90 and SSL Venture traded 11,500 stock units and rose 3 cents to end at $1.34.

Prices of securities trading for the day are those at which the last trade took place.

Scotia & Sagicor big drop hits JSE hard

Scotia Group dived $7.64, Caribbean Cement shed $5 and Sagicor Group dropped $2.90 to inflict significant damage to the Main Market of the Jamaica Stock Exchange as the leading indices nosedived on Friday.
At the close of trading, the JSE All Jamaican Composite Index tumbled 7,438.02 points to close at 552,660.28, the JSE Market Index declined 6,748.39 points to 503,336.51 and the JSE Financial Index dropped 1.70 points to 136.03.
The market closed with 41 securities changing hands in the Main and US dollar markets with the prices of 11 stocks advancing, 18 declining and 15 trading firm. The JSE Main Market activity ended with 38 securities accounting for 28,514,298 units valued at $143,131,830 in contrast to 23,950,566 units valued at $50,135,329 from 42 securities on Thursday.
Wigton Windfarm dominated trading with 17.8 million shares for 62 percent of total volume, followed by Sagicor Select Financial Fund with 4.6 million units for 16 percent of the day’s trade and Sagicor Select Manufacturing & Distribution with 1.5 million shares for 5 percent of the market’s volume. Other stocks trading more than one million units were Wisynco Group with 1.14 million and Scotia Group with 1.03 million.
The market closed with an average of 750,376 units valued at an average of $3,766,627 for each security traded, in contrast to 570,252 units valued at an average of $1,193,698 on Thursday. The average volume and value for the month to date amounts to 457,502 units valued at $2,149,464 for each security changing hands, compared to 417,032 units valued at $1,887,966 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
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 two ending with lower offers. The PE ratio of the market ended at 19.7, while the Main Market ended at 19 times the 2019 earnings.
In the prime market, Barita Investments gained $1.49 to close at $73.85, exchanging 21,976 units, Berger Paints lost 90 cents to settle at $17 after trading 4,600 shares, Caribbean Cement closed $5 lower to $75, after swapping 17,799 shares. Eppley Caribbean Property Fund dropped 55 cents, ending at $40.50 with 4,190 shares changing hands, Jamaica Broilers settled at $39, after losing $1 and trading 54,968 shares. Jamaica Producers Group added $1.46, rising to $27.46 with an exchange of 25,359 shares, Jamaica Stock Exchange lost 43 cents transferring 78,794 units to end at $27.95, Mayberry Investments gained 55 cents after swapping 1,216 units to end at $9. NCB Financial Group closed at $198.50, after declining 99 cents exchanging 9,368 shares. PanJam Investments fell by $1 in settling at $100 and trading 126,030 shares, Pulse Investments closed 80 cents lower at $6.45, with 179,044 units changing hands. Sagicor Group dropped $2.90 to end at $70 in swapping 63,645 shares, Salada Foods dropped to $30, with a loss of $5 in exchanging a mere 365 shares, Scotia Group dived $7.64 to $51.06 with 1,033,100 shares changing hands, Seprod gained 40 cents to close the day’s trade at $50.90, with 7,100 units changing hands. Sygnus Credit Investments ended 60 cents higher to settle at $27 after transferring 740 shares and Wisynco Group lost 75 cents to close at $22, with an exchange of 1,144,580 shares.
Trading in the US dollar market ended with 109,671 units valued at over US$31,294. The market index declined 6.12 points to close at 229.84. Margaritaville remained unchanged at 35 US cents, with 46 units changing hands, Proven Investments traded 87,660 units and lost 2 US cents to close at 35 US cents and Sygnus Credit Investments exchanged 21,965 shares at 14 US cents.

Rebound for JSE Main Market

The Main Market of the Jamaica Stock Exchange ended trading on Thursday with the major indices rebounding from the previous day’s losses with two stocks closing at 52 weeks’ highs.
Productive Business Solution and Proven Investments also closed at new highs, trading in the US dollar market.
At the close, the JSE All Jamaican Composite Index advanced 3,126.84 points to close at 560,098.30, the JSE Market Index gained 2,810.80 points to 510,084.90 and the JSE Financial Index climbed 0.46 points to 137.73.
The market closed with 47 securities changing hands in the Main and US dollar markets with the prices of 24 securities advancing, 10 declining and 13 securities trading firm. The JSE Main Market activity ended with 42 securities accounting for 23,950,566 units valued at $50,135,329 in contrast to 14,950,690 units valued at $64,523,919 from 39 securities on Wednesday.
Wigton Windfarm dominated trading with 13.7 million shares for 57 percent of total Main Market volume. Sagicor Select Financial Fund followed with 6.4 million units for 27 percent of the day’s trade, and Sagicor Select Manufacturing & Distribution Fund with 2.1 million stock units for 9 percent of the market’s volume.
The Market closed with an average of 570,252 units valued at an average of $1,193,698 for each security traded, in contrast to 383,351 units valued at an average of $2,142,837 on Wednesday. The average volume and value for the month to date amounts to 417,032 units valued at $1,887,966 for each security changing hands, compared to 470,120 units valued at $2,039,050 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows six stocks ending with bids higher than their last selling prices and three stocks closing with lower offers. The PE ratio of the market ended at 19.8, while the Main Market ended at 19.2 times 2019 earnings.
In the prime market, Barita Investments closed $1.64 lower to settle at $72.36 with 18,108 shares traded, Caribbean Cement gained 99 cents to end at $80 with 6,050 units changing hands, Eppley Caribbean Property Fund dropped 95 cents and ended at $41.05 in trading 1,229 stock units. Grace Kennedy advanced $1 to a 52 weeks’ high of $76 after 2,255 units crossed the exchange, Jamaica Broilers closed $1 higher to settle at $40 trading 12,432 shares, Jamaica Producers Group climbed by $2, settling at $26 with 6,023 shares changing hands. Jamaica Stock Exchange gained 40 cents swapping 28,813 units to end at $28.38, JMMB Group closed 42 cents higher at $48.40 after transferring 71,326 units, Kingston Properties gained 98 cents to end at $7.99, with 24,622 shares changing hands. Kingston Wharves gained $2.89 to end at $60.90 with 2,466 crossing the exchange, Mayberry Investments dropped $1.15 after trading 17,583 units to end at $8.45, Mayberry Jamaican Equities closed at $11.94, after gaining 28 cents in exchanging 27,800 shares. PanJam Investments lost $1, ending at $101 after trading 19,804 units, Proven Investments climbed $3 to $50, with 9,931 units changing hands, Sagicor Group gained $2.40 to settle at $72.90 in trading 23,684 shares. Salada Foods closed $1.20 lower at $35, after swapping 3,252 shares, Scotia Group gained $3.70 to end at $58.70 with 22,814 shares changing hands, Sygnus Credit Investments rose 40 cents to settle at $26.40 in trading 92,554 shares and Victoria Mutual Investments gained 95 cents to close at a 52 weeks’ high of $10, with an exchange of 161,614 shares. Trading in the US dollar market ended with 255,781 units valued at over US$45,167. The market index advanced 7.59 points to close at 235.96.
Margaritaville Turks picked up 1 US cent trading 304 units, to end at 35 US cents, Productive Business Solution climbed to a 52 weeks’ high of 70 US cents, after gaining 5 US cents trading 900 shares. Proven Investments exchanged 67,105 units with gains of 4 US cents to close at a 52 weeks’ high of 37 US cents, Sterling Investments rose the fraction of a cent to close at 3 US cents from 2.9 US cents previously in transferring 40,496 shares and Sygnus Credit Investments traded 146,976 shares at 14 US cents.