Aggressive price gains push JSE Main Market

Some aggressive price movements push JSE Main Market higher at the close of trading on Friday as investors seem to be putting the recent sharp sell-off behind them. In the end, Caribbean Cement jumped $4, Grace Kennedy $2, NCB Financial $2, Sagicor group $4.20, Scotia Group $3.50 and Seprod $2.The market ended, with the JSE All Jamaican Composite Index advanced 10,583.06 points to 394,457.50, the JSE Market Index climbed 9,599.14 points to 359,682.96 and the JSE Financial Index rose 3.61 points to 98.72.

JSE Main Market has bounced strongly off support shown by the blue line on two separate days.

The market closed with 46 securities changing hands in the Main and US dollar markets with prices of 24 stocks advancing, 12 declining and ten securities trading firm. The JSE Main Market activity ended with 41 securities accounting for 23,098,105 units valued at $104,845,950 in contrast to 276,324,388 units valued at $742,100,927 from 39 securities on Thursday.
Trans Jamaican Highway led trading with 9.7 million shares for 41.8 percent of total volume followed by Wigton Windfarm with 7.2 million units for 31.2 percent of the day’s trade, and Trans Jamaican Highway US$ with 2.1 million units for 9.2 percent of the market’s volume. The only other stock trading more than one million units is Pulse Investments, with 1.2 million units.
The Market closed with an average of 563,368 units valued at $2,557,218 for each security traded, in contrast to 7,085,241 units valued at an average of $19,028,229 on Thursday. The average volume and value for the month to date amount to 1,166,767 units valued at $7,327,128 for each security changing hands compared to 1,197,347 units valued at 7,209,844 for each security traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
IC bid-offer Indicator At the end of trading, the Investor’s Choice bid-offer indicator reading shows eleven stocks ending with bids higher than their last selling prices and two stocks closing with lower offers. The PE ratio of the market ended at 15, while the Main Market ended at 14 times 2019 earnings.
In the Main Market trading, Barita Investments declined $1.50 to $51, trading 482,153 shares, Caribbean Cement climbed $4 higher to $49, with an exchange of 46,494 units, Eppley gained $1.71 to close at $12.21, with a transfer of 574 stock units. First Rock Capital slipped 60 cents to $9.50, after swapping 11,797 shares, Grace Kennedy added $2.30 to finish at $56.50, with 95,953 shares changing hands, Jamaica Broilers gained $1 and closed at $29, after trading 13,934 units. JMMB Group picked up $1.12 to finish at $35.45, with an exchange of 279,114 shares, Mayberry Jamaican Equities added 40 cents after 75,312 shares passed through the market to end at $7, MPC Caribbean Clean Energy sustained a loss of $12 to end at $135, with a mere 20 units crossing the exchange. NCB Financial Group closed $2 higher at $154, in trading 41,906 shares, 138 Student Living shed 81 cents to end at $4.69 exchanging 6,216 units, Portland JSX closed $1.60 lower to $7.30 after transferring just 416 units. Proven Investments ended at $35, after falling by $1 in trading 19,278 shares, Sagicor Group jumped $4.20 to $46.60, with 70,977 stock units changing hands, Sagicor Real Estate Fund fell 82 cents to $6.60 with the transfer of 5,774 units. Scotia Group climbed $3.50 to finish at $47.50 and trading 77,214 shares, Seprod added $2 to end at $39, with an exchange of 41,696 shares, Sterling Investments picked up 30 cents to close at $2.80, in transferring 1,300 units. Victoria Mutual Investments ended at $6.54, with gains of 48 cents and exchanging 160,790 shares and Wisynco Group closed at $13.30, with a loss of 70 cents after 558,494 shares crossed the exchange.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

 

 

 

Big bounce for JSE Main Market

NCB Financial one of the big contributors to the fall in the Main Market of the Jamaica Stock Exchange by knocking approximately 50,000 points off the index roared back in trading on Thursday, with a rise of $7 to close at $152 and in the process helped in pushing the two leading indices sharply higher.

NCB Financial Group contributed around 50,000 to the JSE index near 200,000 decline since the start of the year.

At the close, the market shows signs that it may have bottomed and is about to move higher and is partially reflected with a sharp rise in the JSE All Jamaican Composite Index jumping 8,783.35 points to 383,874.44 and the JSE Market Index climbing 7,989.93 points to 350,083.82. The JSE Financial Index gained 2.55 points to 95.11.
The market closed with 44 securities changing hands in the Main and US dollar markets with prices of 21 stocks advancing, 17 declining and eight securities trading firm. The JSE Main Market activity ended with 39 securities accounting for 276,324,388 units valued at $742,100,927 in contrast to 126,118,687 units valued at $211,017,961 from 40 securities on Wednesday.
Pulse Investments traded an unusually large 243.4 million shares for 88 percent of total volume followed by Trans Jamaican Highway with 19.7 million units for 7 percent of the day’s trade and Trans Jamaican Highway US dollar listing with 5.2 million units for 2 percent of the volume in both markets. Other stocks trading more than one million units were Carreras with 2.2 million units,

Strong signs of the market may have bottomed.

Sagicor Select Financial Fund with 1.3 million shares, Wigton Windfarm with 3.9 million units and Sagicor Select Manufacturing & Distribution Fund with 1.2 million shares.
The Market closed with an average of 7,085,241 units valued at $19,028,229 for each security traded, in contrast to 3,152,967 units valued at an average of $5,275,449 on Wednesday. The average volume and value for the month to date amount to 1,197,347 units valued at $7,209,844 for each security changing hands compared to 899,129 units valued at 6,578,450 for each security traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
IC bid-offer Indicator At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ending with bids higher than their last selling prices and two stocks closing with lower offers. The PE ratio of the market ended at 14.9, while the Main Market ended at 13.8 times 2019 earnings.
In the Main Market, Barita Investments closed $1 higher to $52.50, with a transfer of 29,768 shares, Berger Paints ended at 52 weeks’ low of $9.50, after a loss of $1.50 and exchanging 50,996 shares, Caribbean Cement gained $5 to end at $45, in trading 53,275 units. Carreras closed 74 cents higher to $6.75, with 2,252,374 shares changing hands, Eppley shed $1 swapping 8,724 units and closed at $10.50, Eppley Caribbean Property Fund added $3.50 to end at $40, in trading 2,669 units. Grace Kennedy picked up 30 cents to finish at $54.20, in trading 58,581 shares, Jamaica Broilers ended at $28, with a loss of $1 with 25,066 units changing hands, Jamaica Stock Exchange climbed $2.50 to $18.50, after the transfer of 337,902 shares. JMMB Group slid$1.17 to $34.33, with an exchange of 102,095 units, Kingston Wharves lost 50 cents to close at $43.50 trading 6,667 units, Mayberry Jamaican Equities gained 60 cents trading 64,768 shares to end at $6.60. NCB Financial jumped $7 to $152, with 578,923 shares crossing the exchange, 138 Student Living added $1 to end at $5.50, with an exchange of 347 units, Portland JSX closed $1.60 higher to $8.90 after the transferring of 2,005 units. Proven Investments jumped $3.50 to $36, after exchanging 51,818 shares, Sagicor Group advanced by $2.40 to $42.40, in swapping 608,061 shares, Scotia Group regained ground with gains of $7 to settle at $44, with 170,469 shares changing hands. Seprod added $1 to end at $37, in trading 30,390 units, Stanley Motta shed 74 cents with a transfer of 7,500 units to end at $5. Sterling Investments closed 40 cents lower at $2.50 trading 68,830 units, Supreme Ventures ended at $14, with a loss of 99 cents exchanging 252,623 shares, Sygnus Credit Investments closed 53 cents lower to $16.50, trading 22,971 units and Wisynco Group swapped 840,773 shares at $14, after gaining $1.30.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

NCB knocks 16,000 points off JSE index

NCB Financial sharp fall in value on Monday, finally hit the market, knocking a big piece out of the Jamaica Stock Exchange index on Wednesday with the stock closing at $145 after trading at an intraday 52 weeks’ low of $135. The price used in the index computation dropped by a sharp $16.47 to $142.37 and was the main reason for the more than a 15,000 decline in the All Jamaica composite index.

NCB Financial hits a one year low of $135 on Wednesday.

At the close, the JSE All Jamaican Composite Index declined by 15,487.51 points to 375,091.09, the JSE Market Index dropped 13,893.08 points to 342,093.89 and the JSE Financial Index slid 5.70 points to 92.56.
The market closed with 47 securities changing hands in the Main and US dollar markets with prices of 19 stocks advancing, 21 declining and seven securities trading firm. The JSE Main Market activity ended with 40 securities accounting for 126,118,687 units valued at $211,017,961 in contrast to 79,985,445 units valued at $512,772,847 from 44 securities on Tuesday.
Trans Jamaican Highway led trading with 113.4 million shares for 90 percent of total volume followed by Wigton Windfarm with 6.7 million units for 5.3 percent of the day’s trade and Trans Jamaican Highway US$ listing with 5.1 million units for 4 percent of the market’s volume. Other stocks trading more than one million units were QWI Investments and Sagicor Select Financial Fund, each with 1.4 million stock units.
The Market closed with an average of 3,152,967 units valued at an average of $5,275,449 for each security traded, in contrast to 1,817,851 units valued at an average of $11,653,928 on Tuesday. The average volume and value for the month to date amount to 899,129 units valued at $6,578,450 for each security changing hands compared to 775,631 units valued at $6,653,987 for each company traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 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 five stocks closing with lower offers. The PE ratio of the market ended at 14.5, while the Main Market ended at 13.4 times 2019 earnings.
In the Main Market, Caribbean Cement lost $4.99 and ended at $40.99, in exchanging 84,591 shares. Eppley Caribbean Property Fund advanced $6 to $36.50, with a transfer of 5,140 units, First Rock rose 49 cents to $10, in swapping 19,391 shares. Grace Kennedy ended $1 higher to $54.50 trading 43,383 shares, Jamaica Broilers climbed $2.05 and ended at $29 after exchanging 17,399 units, Jamaica Stock Exchange fell to $16, after losing $3 transferring 307,083 stock units. JMMB Group climbed $2.50 to $35.50, with 198,122 shares changing hands, Kingston Wharves closed, with gains of $2 at $44 in trading 2,440 stock units, Mayberry Investments lost 50 cents transferring 27,849 shares to end at a 52 weeks’ low of $5. NCB Financial advanced $5 to $145, trading 67,140 units, 138 Student Living gained 39 cents to close at $4.50, with an exchange of 481 shares, PanJam Investment declined $2 to $78, with 49,817 units crossing the exchange. Portland JSX shed 50 cents trading 17,000 stock units and closed at $7.30, Proven Investments fell $4.98 to $32.50, after transferring 9,581 units, Sagicor Real Estate Fund lost 40 cents to close at $7.40, in swapping 900 stock units. Scotia Group closed 99 cents lower to end at $37, in exchanging 117,469 shares, Seprod ended the day’s trade at $36, with gains of $1 after 10,932 shares changed hands, Stanley Motta added 44 cents with a transfer of 25,175 units to end at $5.74. Sterling Investments closed 65 cents higher to $2.90, trading 116,210 shares, Supreme Investments ended at $14.99, after gaining 99 cents exchanging 433,163 stock units and Wisynco Group closed at $12.79, with a loss of 79 cents after trading 161,608 shares.
Prices of securities trading are those for the day’s last transaction unless otherwise stated.

Trans Jamaican dives 21% to $1.12

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Shares of Trans Jamaican Highway, the most recent initial public (IPO) offer in Jamaica, were listed on the main and US dollar markets of the Jamaica Stock Exchange on Tuesday, with the price declining in trading 21 percent at the close, from the J$1.41 IPO price. The stock dominated trading with the highest volume for the day and closed at $1.12 in the local market and 0.09 of a US cent in the US dollar market.
The other big move for the day, was the substantial fall of $16 in the shares of NCB Financial to close at $140, the lowest price of in a year.
At the close four stocks closed at 52 weeks’ low and one at a 52 weeks’ high. The JSE All Jamaican Composite Index declined 826.97 points to 390,578.60, down 30 percent for the year to date. The JSE Market Index lost 748.61 points to 355,986.97, also down 30 percent for 2020 and the JSE Financial Index, which is down 28.6 percent for 2020, gained 0.14 points to close at 98.26.
The market closed with 51 securities changing hands in the Main and US dollar markets with prices of 12 stocks advancing, 28 declining and 11 securities trading firm. The JSE Main Market activity surged well over Monday’s levels after 44 securities passed through the market, accounting for 79,985,445 units valued at $512,772,847, in contrast to 26,276,614 units valued at $347,146,174 from 41 securities on Monday.
Trans Jamaican Highway led trading with 47.8 million shares for 60 percent of total volume, followed by Wigton Windfarm with 23.3 million units for 29 percent of the day’s trade and NCB Financial with 2.9 million units for 3 percent market share. Other stocks trading more than one million units were Trans Jamaican Highway with 2.33 million shares in the US dollar market, Sagicor Select Financial Fund with 1.7 million units and Jamaica Producers with 1.4 million stock units.
The Market closed with an average of 1,817,851 units valued $11,653,928 for each security traded, in contrast to 640,893 units valued at an average of $8,466,980 on Monday. The average volume and value for the month to date amount to 775,631 units valued at $6,653,987 for each security changing hands compared to 708,783 units valued at 6,313,433 for each security traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
IC bid-offer Indicator At the end of trading, the Investor’s Choice bid-offer indicator reading shows eleven stocks ending with bids higher than their last selling prices and nine stocks closing with lower offers. The PE ratio of the market ended at 14.3, while the Main Market ended at 13.2 times 2019 earnings. In the Main Market trading, Barita Investments added 76 cents to close at $51.75, with 60,652 shares changing hands, Berger Paints ended 96 cents lower after exchanging 2,000 stock units to finish at $11.04, Caribbean Cement advanced to $44.99, with gains of $3.99 after trading 12,100 units. Eppley climbed $1.40 to $11.50, with 3,000 stock units changing hands, Grace Kennedy closed $3.49 lower at $53.50, in switching ownership of 21,969 shares, Jamaica Broilers gained 95 cents to end at $26.95, trading 34,708 units. Jamaica Producers picked up 46cents with an exchange of 1,364,504 stock units to close at $16.06, Jamaica Stock Exchange slid $1 to $19, with 13,976 shares passing through the market, JMMB Group declined by $2.80 to finish at $33, with 292,971 stock units crossing the exchange. Kingston Wharves fell $2 to $42 after 4,970 units changed hands, Mayberry Investments gained 30 cents to settle at $5.50 trading 1,260 shares, Mayberry Jamaican Equities lost 50 cents transferring 11,562 stock units to end at $6. NCB Financial dropped $16 to a 52 weeks’ low of $140, after trading 2,289,514 units, 138 Student Living lost 30 cents to close at $4.11, with 36,389 shares crossing the exchange, Proven Investments slid to $37.48, after losing $1.02 with 21,006 stock units changing hands. Sagicor Group shed $3 after exchanging 186,808 units and closed at $40, Scotia Group fell by $2.01 to close at a 52 weeks’ low of $37.99, in trading 138,446 shares, Seprod ended at $35, with a loss of $2 in swapping 94,065 units. Stanley Motta closed 30 cents higher with a transfer of 11,000 stock units $5.30, Supreme Investments ended at $14, after a loss of $1 and trading 206,576 shares. Sygnus Credit Investments lost 55 cents to close at $17, in transferring 202,528 stock units, Victoria Mutual Investments slipped to $6.30 after losing 39 cents with 176,895 units changing hands and Wisynco Group closed at $13.49, with gains of 99 cents after exchanging 493,269 shares.
Trading in the US dollar market ended with 2,713,918 units for $94,890. The market declined by 15.09 points to close at 184.86. First Rock Capital lost 0.6 of a cent to close at 8.4 US cents, with an exchange of 8,880 units, JMMB Group 6% preference share lost 1 cent to close at US$1, with 479 stock units changing hands, Margaritaville traded 100 shares at 24 US cents. Proven Investments shed 1.5 cents in swapping 332,924 units and closed at 23.5 US cents, Sterling Investments lost half of a cent in trading 32,300 stock units and closed at 2 US cents. Sygnus Credit Investments traded 6,264 units 12 US cents and Trans Jamaican Highway shed .001 of a cent in transferring 2,332,971 shares to end the day at 0.9 of a US cent.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

Trans Jamaican Highway trades at $1.02

Shares of Trans Jamaican Highway trades at $1.02 after listing this morning. The stock that was sold to the public at $1.41 in February traded 17,804,223 up to $1.39 at 11.18 AM and has fallen 28 percent from the Initial Public Offer in the Jamaican dollar market but far less based on US dollar trading.
Bids in the market to buy are sparse with twenty bids to buy between $1.02 and a low of 50 cents, while sellers are dominant with 600 on the offer to sell from $1.03 upwards.
The public offer attracted 36,062 applicants and was oversubscribed and with a total intake of $25.12 billion.
The public offer attracted 36,062 applicants and was oversubscribed and with an intake of $25.12 billion.
The Concession Company and the Public Sector Employees reserve shares pool were undersubscribed. The excess was transferred to the Registered Pension Funds and E-Tag Reserve Pools. Applicants in the Registered Pension Funds Reserve and E-Tag Reserve Pool were fully allotted based on transfers to the Registered Pension Funds and E-Tag Reserve Pools. Underwriters Reserve Pool was allocated shares on a pro-rata basis as the pool was oversubscribed, with the excess moved to the General Public Pool.
Allocation to the General Public as a result of oversubscription was allocated up to 10,000 shares with applications in excess of 10,000 shares allocated increments of a further 10,000 shares until all shares were allocated.
Trans Jamaica came to the market at a PE ratio of 24 times 2020 earnings. Since the opening of the IPO much has happened in the capital market with prices falling sharply with the spread of the Coronavirus. Importantly, since March traveling around Jamaica has declined and that is expected to affect the revenues for the highway as long as business activity remains low.

Big 11,744 points JSE Main Market drop

The Main Market of the Jamaica Stocks Exchange took another big hit on Monday as heavyweight Sagicor dropped $6 and a fall of $5.51 in the average price of NCB Financial help to knock 11,744.53 points off the JSE All Jamaican Composite Index to close down 30 percent for the year to date at 391,405.57. The JSE Market Index had 10,819.03 points chopped off, to end at 356,735.58, while the JSE Financial Index fell 4.49 points to 98.12.
The market closed with 45 securities changing hands in the Main and US dollar markets with prices of 17 stocks advancing, 17 declining and 11 securities trading firm. The JSE Main Market activity ended with 41 securities accounting for 26,276,614 units valued at $347,146,174, in contrast to 36,332,153 units valued at $175,354,038 from 42 securities on Friday.
Wigton Windfarm led trading with 9.9 million shares for 37.8 percent of total volume followed by Carreras with 3.5 million units for 13.2 percent of the day’s trade and Sagicor Select Financial Fund with 2.2 million units for 8.4 percent market share. Other stocks trading more than one million units were Barita Investments with 1.4 million shares, Jamaica Producers, with 1.4 million stock units and Sagicor Group with 1.3 million units.
The Market closed with an average of 640,893 units at $8,466,980 for each security traded, in contrast to 931,594 units valued at an average of $4,496,257 on Friday. The average volume and value for the month to date amount to 708,783 units valued at $6,313,433 for each security changing hands compared to 713,099 units valued at 6,167,490 for each security traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
IC bid-offer Indicator At the end of trading, the Investor’s Choice bid-offer indicator reading shows 11 stocks ending with bids higher than their last selling prices and six stocks closing with lower offers. The PE ratio of the market ended at 14.5, while the Main Market ended at 13.3 times 2019 earnings.
In the Main Market, Barita Investments closed 34 cents higher in exchanging 1,365,278 shares to finish at $50.99, Berger Paints gained $1 to settle at $12, with 42,872 stock units changing hands, Eppley Caribbean Property Fund dropped $10.50, after trading 582 units to end at $30.50. Grace Kennedy closed 49 cents higher in transferring 80,577 shares and closed at $56.99, Jamaica Broilers ended at $26, while adding $1 after swapping 140,257 units, Jamaica Producers lost 45 cents trading 1,421,129 stock units and closed at $15.60. JMMB Group closed $1.10 lower to $35.80, with an exchange of 189,080 shares, NCB Financial Group advanced $6 to end at $156, with 354,587 shares trading, 138 Student Living gained 36 cents to close at $4.41 with 10,856 stock units crossing the market. Proven Investments climbed $1.50 to $38.50, after exchanging 19,482 units, Sagicor Group plunged $6 swapping 1,272,340 units and closed at $43, while Sagicor Real Estate X Fund picked up 99 cents in transferring 12,281 units to end at $7.99. Salada Foods shed $1 to $25, with 9,100 units changing hands,  Stanley Motta ended 79 cents higher with 57,275 shares changing hands and settled at $5. Sterling Investments gained 28 cents to close at $2.50 swapping 58,805 stock units. Supreme Investments ended at $15, with gains of 50 cents trading 51,500 units, Sygnus Credit Investments shed 45 cents to close at $17.55, in transferring 136,312 shares. Victoria Mutual Investments lost 31 cents with 335,283 shares crossing the exchange and closed at $6.69 and Wisynco Group lost $2.20 in closing at $12.50, after exchanging 576,137 shares.
Trading in the US dollar market ended with 56,576 units for $9,802. The market shed 4.93 points to close at 199.95. First Rock lost 1 cent to close at 9 US cents, with 7,280 units changing hands, Margaritaville lost 0.1 of a cent to end at 24 US cents, trading 2,000 shares. Proven Investments shed 1 cent in transferring 20,610 units at 25 US cents and Sygnus Credit Investments ended with a loss of 0.7 of a cent lower in swapping 26,686 units at 12 US cents.

Prices of securities trading are those for the day’s last transaction.

JSE Main Market takes another hit

NCB Financial rose $4.99 to close at $150 on Friday, with the average price used in computing the market index slipping just 39 cents to $158.29 and only moderately affected the index movement on Friday.
At the close, the JSE All Jamaican Composite Index plunged by 8,884.77 points to 403,150.10. The JSE Market Index dropped 8,035.44 points to 367,554.61, off 28 percent for 2020 so far and the JSE Financial Index fell by 2.27 points to 102.61 with a fall of 25.4 percent for the year to date.
The major contributors to Friday’s steep fall are, Scotia Group’s with a fall of $5.29 that would have knocked more than 5,000 points off the overall index, Grace Kennedy with a $3.13 downward move, followed by JMMB Group down 98 cents, Sagicor $1.08 and Supreme Ventures $2.28.
The market closed with 41 securities changing hands in the Main and US dollar markets with prices of 17 stocks advancing, 16 declining and eight securities trading firm. Trading ended with Mayberry Investments closing at a 52 weeks’ low, while Mayberry Jamaican Equities, Sagicor Select Manufacturing & Distribution and Supreme Ventures traded at intraday 52 weeks’ lows.
The JSE Main Market activity ended with 42 securities accounting for 36,332,153 units valued at $175,354,038, in contrast to 22,241,264 units valued at $354,166,844 crossing the exchange from 42 securities on Thursday.
Wigton Windfarm led trading with 17 million shares for 46.7 percent of total volume followed by Sagicor Select Financial Fund with 7.2 million units for 19.7 percent of the day’s trade and Sagicor Select Manufacturing & Distribution Fund with 4.3 million units for 12 percent market share. Other stocks trading more than one million units were QWI Investments with 2.2 million units and Sagicor Group, with 1.01 million shares.
The Market closed with an average of 931,593 units valued at $4,496,257 for each security traded, in contrast to 529,554 units valued at an average of $8,432,544 on Thursday. The average volume and value for the month to date amount to 713,099 units at $6,167,490 for each company with stocks changing hands compared to 699,037 units valued at 6,282,646 for each security traded previously. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
IC bid-offer Indicator At the end of trading, the Investor’s Choice bid-offer indicator reading shows 11 stocks ending with bids higher than their last selling prices and 3 stocks closing with lower offers. The PE ratio of the market ended at 14.7, while the Main Market ended at 13.6 times 2019 earnings.
In the Main Market, Barita Investments slipped 35 cents to $50.65, in transferring 122,151 shares, Berger Paints shed 20 to end at $11, in swapping 500 units, Caribbean Cement climbed $1 to $41, with 70,536 stock units changing hands. Eppley Caribbean Property Fund gaining $3.30 to $41, after trading 10,658 shares, Grace Kennedy shed $1.50 in exchanging 284,895 stock units and finished at $56.50, Jamaica Broilers ended at $25, with gains of $1 with 103,859 units changing hands. Jamaica Stock Exchange picked up 45 cents trading 98,476 shares to close at $20, JMMB Group closed $1.29 higher at $36.90, in swapping 71,369 stock units, Kingston Wharves climbed $2 to end at $44, with 1,564 units crossing the exchange. Mayberry Investments fell by 87 cents to close at a 52 weeks’ low of $5 after transferring 50,909 shares, Mayberry Jamaican Equities closed 50 cents higher at $6.50 with an exchange of 145,394 units, NCB Financial climbed $4.99 to $150, in transferring 212,384 units. Portland JSX settled at $7.80, with a loss of $1.10 trading 35,000 stock units, Proven Investments slid to $37, after falling by $2.79 with 8,819 shares crossing the exchange, Sagicor Group dropped $3.10 in swapping 1,012,113 units and closed at $49 after trading down to $43. Sagicor Real Estate Fund shed 99 cents trading 1,100 units to end at $7, Scotia Group dived by $6 to close at $40, with 340,790 shares changing hands, Seprod ended $2.50 higher with a transfer of 191,047 and settled at $37. Victoria Mutual Investments gained 67 cents trading 404,688 shares and closed at $7 and Wisynco Group closed at $14.70 after gaining 70 cents in swapping 540,430 shares.
Trading in the US dollar market ended with 13,080 units for $1,909. The market dropped 4.91 points to close at 204.88. Proven Investments lost 2 cents in transferring 1,305 units and closed at 26 US cents and Sygnus Credit Investments closed 1.3 cents lower and traded 11,775 shares to end at 12.7 US cents.

Prices quoted for trades are those of the last transaction for the trading day.

NCB Financial drops $22.99

NCB Financial sustained a loss of $22.99 to $145.01 but the impact on the market indices was contained as the JSE official closing price based on a weighted average was $158.68 for a fall of just $2.18 after trading 373,332 shares.

NCB Financial Montego Bay branch

At the close of trading on Thursday, the market indices had moderate falls, with the JSE All Jamaican Composite Index declining 167.68 points to 412,034.87. The JSE Market Index fell 151.78 points to 375,590.05 and the JSE Financial Index gained 0.58 points to 104.88.
Eight stocks closed trading at 52-week lows as investors pushed the majority of stock prices down and resulting in the following closing at the lowest prices in a year. Carreras at $5.99, JMMB Group 7.25% C preference share closed at a low of $1.69, Kingston Wharves at $42, Mayberry Investments at $5.20, Mayberry Jamaican Equities at $5.55, Sagicor Select Financial Fund at 49 cents, Seprod at $30, Sterling Investments at $2.20. Supreme Ventures traded at an intraday at 52-week lows of $11 but bounced by the close in trading higher.
The market closed with 45 securities changing hands in the Main and US dollar markets with prices of 16 stocks advancing, 23 declining and six securities trading firm. The JSE Main Market activity ended with 42 securities accounting for 22,241,264 units at $354,166,844, in contrast to 28,855,556 units valued at $738,643,824 from 41 securities on Wednesday.
Wigton Windfarm led trading with 5.7 million shares for 25.6 percent of total volume followed by Sagicor Select Financial Fund with 2.3 million units for 10.4 percent of the day’s trade and Sagicor Select Manufacturing & Distribution Fund with 2.3 million units for 10.3 percent market share. Barita Investments with 1.79 million shares and Jamaica Broilers, with 1.8 million shares, was the only other stock trading more than one million units.
The Market closed with an average of 529,554 units valued at an average of $8,432,544 for each security traded, in contrast to 703,794 units valued at an average of $18,015,703 on Wednesday. The average volume and value for the month to date amount to 699,037 units valued at $6,282,646 for each security changing hands compared to 711,658 units valued at $6,110,326 for each security traded. Trading February resulted in an average of 624,731 units valued at $3,239,665 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 6 stocks closing with lower offers. The PE ratio of the market is down to 14.7, with the Main Market at 13.5 times 2019 earnings.
In the Main Market, Berger Paints closed 40 cents lower to $11.20 after trading 2,565 units, Caribbean Cement dropped $4.20 to end at $40, with 14,809 shares crossing the exchange, First Rock lost 50 cents swapping 21,974 units and closed at $9.50. Grace Kennedy slid to $58, with a loss of 99 cents in exchanging 67,814 shares, Jamaica Broilers settled at $24, after losing 99 cents transferring 1,356,488 units, Jamaica Stock Exchange fell by $1.25 to $19.55, with 47,774 stock units changing hands. JMMB Group closed $1.39 lower to $35.61, in trading 466,367 shares, Kingston Wharves slid $1.60 to $42, in swapping 624,349 units, PanJam Investment climbed $1 to $80 with an exchange of 564,828 shares, Portland JSX advanced by $1.10 to $8.90 after transferring 31,000 units, Sagicor Group climbed $6.10 to settle at $52.10, trading 537,957 stock units. Sagicor Real Estate Fund closed at $7.99, with a gain of $1.49 with 4,798 units crossing the exchange, Salada Foods picked up $ 1 swapping 229 units and closed at $26, Seprod shed 50 cents trading 60,448 to end the day’s trade at $34.50. Sterling Investments closed 40 cents lower to $2.20, with 301,662 shares changing hands, Supreme Ventures rose 60 cents to $14.50, with a transfer of 874,523 shares, Victoria Mutual Investments shed 67 cents and ended at $6.33, trading 237,971 shares and Wisynco Group declined by $2.70 to $14, with 347,564 units crossing the exchange.
Trading in the US dollar market ended with 55,288 units for $26,920. The market gained 1.89 points to close at 209.79. JMMB Group 6% preference share gained of 1 cent, exchanging 15,776 units at US$1.01, Proven Investments traded 39,263 units at 28 US cents and Sygnus Credit Investments gained 1 cent transferring 249 units at 14 US cents.
Prices of securities trading for the day are those at which the last trade took place.

JSE Majors drops 26% for 2020

At the close, the JSE All Jamaican Composite Index tumbled 12,289.30 points to close at 412,202.55, following 10,340.57 points fall on Monday as ten stocks ended at 52 weeks closing lows and one traded at an intraday low. Wednesday decline brings to the loss for the year to date to 26 percent.
The JSE Market Index declined by 11,129.60 points to 375,741.83 and the JSE Financial Index lost 1.10 points to 104.30 and is down 24 percent for the year to date.
The market closed with 45 securities changing hands in the Main and US dollar markets with the prices of 13 stocks advancing, 26 stocks declining, with six securities trading firm. The JSE Main Market activity ended with 41 securities accounting for 28,855,556 units valued at $738,643,824 in contrast to 18,310,178 units valued at $212,273,602 from 40 securities on Tuesday.
Barita Investments led trading with 9.4 million shares for 32.6 percent of total volume. Wigton Windfarm followed, with 8.2 million units for 28.5 percent of the day’s trade as the stock closed at a 52 weeks’ low of 51 cents and Sagicor Select Financial Fund with 2.4 million units for 8.3 percent of the market’s volume. Other stocks trading more than one million units were QWI Investments with 1.2 million units and Supreme Ventures with 1.5 million shares.
The Market closed with an average of 703,794 units valued at an average of $18,015,703 for each security traded, in contrast to 457,754 units valued at an average of $5,306,840 on Tuesday. The average volume and value for the month to date amount to 711,658 units valued at $6,110,326 for each security changing hands compared to 712,275 units valued at $5,099,725 for each security traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security. 
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows eleven stocks ending with bids higher than their last selling prices and five stocks closing with lower offers. The PE ratio of the market ended at 13.6, while the Main Market ended at 14.8 times 2019 earnings.
In the Main Market, Barita Investments closed $2.50 lower to $51, in trading 9,396,440 shares, Berger Paints shed 40 cents to end at $11.60, with an exchange of 2,766 shares, Caribbean Cement ended at a 52 weeks’ low of $44.20, with a loss of 80 cents in swapping 74,103 shares, but traded as low as $35 during the trading session. Carreras closed at a 52 weeks’ low of $6.32, after falling 63 cents and exchanging 184,370 shares. Eppley declined by $3.40 to $10.10, with 3,745 units changing hands. Grace Kennedy gained 99 cents to settle at $58.99, in transferring 100,972 shares, Jamaica Broilers closed 99 cents higher trading 609,496 shares and closed at $24.99. Jamaica Producers ended at a 52 weeks’ low of $16.50, with a loss of $1.50 after swapping 16,737 units, Kingston Wharves slid to $43.60, after falling $2.40 trading 120,800 shares, Mayberry Investments lost 49 cents to end at a 52 weeks’ low of $6.01 exchanging 9,610 units. Mayberry Jamaican Equities closed $1.92 lower to end at a 52 weeks’ low of $6.02, in swapping 25,300 shares, MPC Caribbean Clean Energy closed at $147, with a loss of $1 transferring 1,000 units and NCB Financial soared $18 to $168, with 260,174 shares changing hands. 138 Student Living closed $1.49 lower to $4.01 in trading 1,000 units, PanJam Investment ended the day at $79, with gains of $1 after transferring 574,020 shares, Portland JSX ended 46 cents lower to settle at $7.80, in swapping 25,000 units. Proven Investments shed 50 cents to finish at $39.50, after trading 13,736 stock units, Sagicor Group gained 50 cents to end at $46, in transferring 531,967 shares, Scotia Group closed at $46, after losing 82 cents in swapping 354,456 units. Seprod sustained a loss of $5.50 trading 40,228 stock units and closed at $35, Stanley Motta shed 80 cents to end at $4.20, with an exchange of 2,000 units, Sterling Investments lost 30 cents to finish at a 52 weeks’ low of $2.60, with 57,525 shares changing hands. Supreme Ventures closed at a 52 weeks’ low of $13.90, after losing $2.10 transferring 1,506,851 shares, Sygnus Credit Investments closed at $18.25, with gains of $1 swapping 42,680 stock units and Victoria Mutual Investments ended 30 cents lower to settle at $7, in trading 408,034 shares.
Trading in the US dollar market ended with 84,447 units for US$17,518. The US dollar market gained 0.08 points to close at 207.90. First Rock gained 1 cent to close at 10 US cents trading 12,612 units, Margaritaville closed at 24.1 US cents, with gains of 4.6 cents in exchanging 649 units. Proven Investments closed with gains of 0.8 of a cent after transferring 47,064 shares at 28 US cents and Sygnus Credit Investments finished at 13 US cents, losing 1 cent with 24,122 units changing hands.

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

Big losses in 3 stocks sink JSE majors

Jamaica stocks had another miserable day when trading closed on the Jamaica Stock Exchange on Tuesday after Caribbean Cement dropped $5, NCB Financial dived $15 and investors knocked $17 off the price of Pan Jam Investments.

The JSE Main market is down but the longer-term trend is still intact.

Trading ended with the All Jamaican Composite Index plunging 10,340.57 points to close at 424,491.85, the JSE Market nosediving 9,356.70 points to 386,871.43 and the JSE Financial Index shedding 1.41 points to end at 105.40.
The market closed with 45 securities changing hands in the Main and US dollar markets with the prices of 9 stocks advancing, 25 declining and 11stocks trading firm. The JSE Main Market activity ended with 40 securities accounting 18,310,178 units valued at $212,273,602 in contrast to 19,892,130 units valued at $229,454,953 from 35 securities on Monday.
Wigton Windfarm led trading with 10.5 million shares for 57.6 percent of total volume, as the price closed a 52 weeks’ low of 57 cents. Sagicor Select Financial Fund followed, with 1.4 million shares for 7.7 percent of total volume and Barita Investments with 982,835 shares for 5.4 percent of the day’s trades
The Market closed with an average of 457,754 units valued at an average of $5,306,840 for each security traded, in contrast to 568,347 units valued at an average of $6,555,856 on Monday. The average volume and value for the month to date amount to 712,275 units valued at $5,099,725 for each security changing hands compared to 733,353 units valued at $5,081,024 for each security traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows thirteen stocks ending with bids higher than their last selling prices and five stocks closing with lower offers. The PE ratio of the market ended at 15.3, while the Main Market ended at 14.3 times the 2019 earnings.
In the prime market, Barita Investments closed at $53.50, with a loss of $1 exchanging 982,835 shares, Caribbean Cement declined by $5 to $45, in transferring 163,343 stock units and First Rock shed $1 to end at $10, with an exchange of 93,363 units. Grace Kennedy bounced $2.40 to $58, after trading 92,091 shares, Jamaica Broilers lost $3 and finished at a 52 weeks’ low of $24, after swapping 321,989 units, Jamaica Stock Exchange closed $2.90 lower to $20.60, with 32,232 stock units changing hands. Kingston Wharves gained $1 trading 89,349 shares to end at $46, Mayberry Investments shed 50 cents to close at a 52 weeks’ low of $6.50, in swapping 12,368 units, NCB Financial dived $15 to close at $150, in transferring 407,975 shares. 138 Student Living ended with a loss of $1.20 at $5.50, in trading 5,700 units, PanJam Investment tumbled $17 to $78, after exchanging 23,256 shares, Proven Investments closed 99 cents lower at $40, in swapping 5,965 units. Pulse Investments lost 65 cents to finish at $2.70 trading 715,140 units, Sagicor Group climbed $2.49 to $45.50, with 111,697 stock units crossing the market, Salada Foods closed $2.27 lower to $25, with 1,644 shares changing hands. Scotia Group shed $1.18 to settle at $46.82, in swapping 81,985 stock units, Seprod lost 50 cents trading 42,597 units and closed at $40.50, Supreme Ventures ended at $16, with a loss of $1.82 transferring 459,765 shares. Sygnus Credit Investments lost 75 cents to end at $17.25, in swapping 49,449 shares and Wisynco Group declined by 38 cents to $16.62, after 277,802 shares changed hands.
Trading in the US dollar market ended with 84,273 units valued at over US$21,483. The market declined by 2.66 points to close at 207.82. First Rock Capital traded 1,000 units at 9 US cents, Margaritaville lost half of a cent and ended at 19.5 US cents, after transferring 2,322 units. Proven lost 0.8 of a cent in exchanging 69,991 units to close at 27.20 US cents. Sterling Investments gained 0.1 cent trading 1,600 units to finish at 2.50 US cents and Sygnus Credit Investments ended at 14 US cents, with 9,360 shares changing hands.

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