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.
At the close of trading nine stocks ended at 52 weeks’ lows and several stocks suffered steep fall in prices and were led by ISP Finance with a drop of $4.75, followed by Cargo Handlers $1.40, Jamaican Teas $1.05, Fontana $1.02 and Caribbean Producers with a large capitalization shed 78 cents.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows two stocks ended with bids higher than their last selling prices and three with lower offers.
Iron Rock Insurance closed at a 52 weeks’ low of $2 after dropping 30 cents and swapping 83,352 shares, ISP Finance fell to $15 after shedding $4.75 with 6,000 shares crossing the exchange, Jamaican Teas dropped $1.05 after trading 186,502 shares to end at $3.95. Jetcon fell 20 cents exchanging 396,473 shares at a 52 weeks’ low of 97 cents, KLE closed trading of 100,000 units and slipped 12 cents to settle at $1.60, Knutsford Express fell 30 cents to $8 with 2,746 shares traded. Lasco Distributors exchanged 143,713 shares and gained 30 cents to close at $2.20, Lasco Financial dropped 20 cents trading of 1,231,043 units and to settle at $2, Lasco Manufacturing lost 7 cents to settle at $2.86 with 138,909 units changing hands. Limners and Bards ended 26 cents higher at $2.26 with 120,000 shares crossing the market, Lumber Depot fell 10 cents to a 52 weeks’ low of $1.17 with an exchange of 448,162 stock units, MailPac closed trading of 3,497,845 units and lost 3 cents to end at $1.35. Main Event finished at $3.51 after dropping 49 cents, exchanging 120,152 shares, Medical Disposables declined by 40 cents in the swapping of 6,029 to close at $5.30, and Stationery and Office Supplies lost 20 cents to settle at a 52 weeks’ low of $5.70 with 26,454 stock units crossing the exchange.
Four stocks closed at 52 weeks’ low as the market encountered five consecutive days of losses at the close market sentiments and closed with negative with stocks closing with a four to one bias towards declines as shown by the IC bid-offer Indicator. 
JMMB Group shed 8 cents exchanging 170,055 shares to close at $2.02, Massy Holdings declined by $1 to $59 in transferring 15,490 units and National Enterprises traded 27,269 stock units after falling 15 cents to close at a 52 weeks’ low of $5.40. National Flour closed at $1.30 in exchanging 111,161 units and lost 15 cents, One Caribbean Media lost 10 cents to close at a 52 weeks’ low of $7.15, with 200 units crossing the market, Point Lisas shed 30 cents exchanging 200 units to end at $3.45. Prestige Holdings declined by 50 cents to $8.50 trading 3,585 shares, Republic Financial Holdings lost 4 cents and closed at $145.43, transferring 18,703 units and Scotiabank fell 7 cents to $62.45, in exchanging 150 stock units. Trinidad & Tobago NGL shed 31 cents trading 16,736 shares and closed at a 52 weeks’ low of $16.19 and Unilever Caribbean dropped to a 52 weeks’ low of $19.10, after falling $1.40 with 3,300 units crossing the market.
The market closed with 41 securities changing hands in the Main and US dollar markets after six stocks traded at 52 weeks’ lows. At the close prices of 8 stocks rose, 29 declined and 4 traded firm. The JSE Main Market activity ended with 35 securities accounting 19,892,130 units valued at $229,454,953 in contrast to 34,017,777 units valued at $260,298,044 from 43 securities on Friday.
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 six stocks closing with lower offers. The PE ratio of the market ended at 15.7, while the Main Market ended at 14.8 times the 2019 earnings.
Pulse Investments gained 45 cents to finish at a record close of $3.35 in trading 424,119 stock units, Sagicor Group tumbled $10 to $43.01, in transferring 59,515 shares, Sagicor Real Estate Fund closed 50 cents lower at a 52 weeks’ low of $6.50, with 2,300 stock units changing hands. Sygnus Credit Investments lost 49 cents to end at $18, in swapping 30,024 shares, Victoria Mutual Investments closed at $7.06, with a loss of 63 cents after trading 171,283 units and Wisynco Group declined to $17, after falling $1 with 4,600,987 shares crossing the exchange.
The market has lost 33 percent of its value since the start of the year and 39 percent since peaking in August 2019. Trading activities concluded with 37 securities changing hands, resulting in an exchange of 20,701,190 units valued at $69,475,355 compared to 4,544,381 units valued at $10,187,594 on Friday. At the close of market activities, the prices of 8 securities advanced, 22 declined and seven remained unchanged, with the average market PE ratio ending at just 10.7 times 2019 earnings.
At the close of the market, Access Financial lost $1.25 in trading 6,440 shares at $21.50, AMG Packaging fell 4 cents to $1.61 with an exchange of 17,000 units, Blue Power gained 69 cents to end at $3.69 with 2,000 units changing hands. Caribbean Assurance Brokers lost 8 cents to end at $1.92 in swapping 102,431 units, Caribbean Cream gained 20 cents, with 3,607 shares crossing the exchange at $3, Caribbean Flavours closed 33 cents higher at $10.50, trading 948 stock units, Consolidated Bakeries lost 6 cents in swapping 516,814 shares to close at $1.45. Derrimon Trading shed 10 cents in trading of 159,167 units at to close at a 52 weeks’ low of $1.60, Dolphin Cove slipped 20 cents to $7.80 with 32,520 shares changing hands, Elite Diagnostic ended trading with a whopping 14,594,247 units and dropped 30 cents to $3.50. Everything Fresh shed 5 cents to end at 80 cents with 82,615 units exchanged, Express Catering lost 50 cents in trading 54,751 shares to close at a 52 weeks’ low of $3.20, Fontana closed 3 cents higher at $4.74, with 403,961 stock units crossing the exchange. GWest Corporation ended market activity exchanging 284,300 shares to close at a 52 weeks’ low of 60 cents after falling 22 cents, Honey Bun lost 13 cents in trading 28,475 units at $5.12, Indies Pharma dipped 2 cents to $1.97 in trading of 311,610 shares. Jamaican Teas closed 3 cents higher at $5, with 59,795 stock units changing hands, Jetcon Corporation exchanged 34,000 shares and declined by 8 cents to settle at a 52 weeks’ low of $1.17, Key Insurance dropped 40 cents to settle at a 52 weeks’ low of $2 with 11,450 stock units changing hands. 
Knutsford Express closed trading of 1,521 units and gained 30 cents to end at $8.30, Lasco Distributors declined 70 cents in trading of 44,659 units at a 52 weeks’ low of $1.90, Lasco Financial slipped 10 cents to $2.20 with 259,724 units traded. Lasco Manufacturing closed 8 cents lower in trading of 129,335 units at $2.93, Limners and Bards fell 25 cents in the exchange of 85,170 units at $2, Lumber Depot ended with a loss of 1 cent at $1.27 with 99,777 stock units changing hands. MailPac added 3 cents exchanging 79,795 shares at $1.38, Main Event declined by 17 cents to settle at a 52 weeks’ low of $4, with 97,399 shares traded, Paramount Trading lost 17 cents in swapping 40,442 units at $1.80. SSL Venture closed 2 cents higher at $1.02, with 2,000 stock units trading and Stationery and Office Supplies dived $1.10 to settle at a 52 weeks’ low of $5.90 with 14,773 shares crossing the exchange.
The market closed with just two stocks rising, eight declining while four remained unchanged, which similar to trading on from last Wednesday when no more than two securities gained. The T&T Composite Index declined by 13.49 points to 1,470.53. The All T&T Index fell 10.70 points to end at 1,888.19, while the Cross Listed Index closed with a decline of 2.22 points at 142.61.
National Enterprises traded 3,000 stock units and slipped 5 cents to close at $5.55, National Flour closed at $1.45 in exchange of 288 units and lost 2 cents. NCB Financial shed 35 cents trading 58,043 shares to end at $11, Republic Financial Holdings lost 3 cents and closed at $145.47, transferring 21,224 units and West Indian Tobacco fell $1 to $37, with 3,201 shares changing hands.
At the close, the JSE All Jamaican Composite Index gained 869.32 points to close at 456,961.96, the JSE Market Index picked up 786.82 points to end at 416,267.28 and the JSE Financial Index fell 0.51 points to 114.27.
Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
Portland JSX exchanged 2,368 units at $8.26, after rising 75 cents. Proven Investments declined by 99 cents to $40, with 6,954 units changing hands, Pulse Investments closed 53 cents higher to $2.90 after trading 631,989 units, Sagicor Group shed $3.99 to close at $53.01, in transferring 464,400 shares. Sagicor Real Estate Fund closed 99 cents higher to $7, in swapping 15,219 shares, Scotia Group lost $2 to end at $48, after trading 185,085 shares, Seprod dropped $3.48 to $41.02, in exchanging 278,094 shares. Supreme Ventures closed at $18, with a loss of 50 cents in transferring 96,637 shares and Wisynco Group declined $1.99 to $18 after trading 373,673 shares.
Trading ended, with 34 securities changing hands, resulting in the prices of 10 securities advancing, 18 declining and six remaining unchanged.an exchange of 4,544,381 units valued at $10,187,594 compared to 4,910,632 units valued at $15,136,846 on Thursday. Trading left the average market PE ratio at 11 times 2019 earnings.
At the close of the market, Access Financial shed $1.25 in trading of 13,618 units at $22.75, AMG Packaging ended market activity, exchanging 35,500 shares to close at $1.65, after falling 25 cents, Caribbean Producers dipped 50 cents in trading of 33,850 units at $3.50. Consolidated Bakeries added 1 cent in exchanging 217,000 shares at $1.51, Derrimon Trading fell 15 cents in trading of 343,000 units at a 52 weeks’ low of $1.70, Dolphin Cove lost 30 cents to end at $8, after trading 28,000 shares. Elite Diagnostic shed 10 cents exchanging 5,000 units at $3.80, Express Catering fell 10 cents after 20,000 units changed hands at $3.70, Fontana gained 20 cents to close at $4.71, trading 412,665 stock units, Fosrich fell 15 cents to a 52 weeks’ low of $2.95, with 34,558 units changing hands. General Accident dropped $1.10 and ended market activity exchanging 67,413 shares at $5, Honey Bun declined 65 cents trading 123,374 units at $5.25, iCreate lost 2 cents with 167,462 units crossing the market at a 52 weeks’ low of 48 cents, Indies Pharma transferred 52,631 units and gained 3 cents to end at $1.99. Jamaican Teas lost 23 cents transferring 26,418 units at $4.97, Jetcon closed 5 cents higher at $1.25, with 1,039,008 stock units changing hands, Key Insurance gained 20 cents to end at $2.40, with 40,000 stock units crossing the exchange. Lasco Distributors dipped 20 cents in trading of 198,632 units at a 52 weeks’ high of $2.60, Lasco Financial gained 4 cents in exchanging 44,826 shares at $2.30, Lasco Manufacturing closed trading of 115,800 units with a gain of 5 cents to end at $3.01.
Limners and Bards closed 18 cents higher at $2.25, with 139,147 stock units moving through the market, Lumber Depot ended with a loss of 1 cent at $1.28, with 24,161 stock units changing hands, Main Event closed 5 cents higher at $4.17, with 22,996 stock units trading. MailPac closed with a loss of 13 cents at $1.35, in swapping of 919,320 shares, Paramount Trading shed 3 cents to close at $1.97 exchanging 57,898 shares, SSL Venture shed 2 cents in trading of 1,443 units at $1 and Stationery and Office Supplies closed 30 cents higher at $7, with just ten stock units changing hands.
The market closed with two stocks rising, six declining while six remained unchanged. The volume of stocks passing through the market fell to 347,621 shares valued $8,785,947 compared to 488,591 shares for $11,813,231 on Thursday.
Massy Holdings fell $1.35 to $61.60 in transferring 50,437 shares and Trinidad & Tobago NGL traded 20,993 stock units and shed 50 cents to end at a 52 weeks’ low of $16.50.
The Market closed with an average of 719,712 units valued at an average of $4,567,619 for each security traded, in contrast to 1,475,633 units valued at an average of $4,169,586 on Wednesday. The average volume and value for the month to date amount to 772,634 units valued at $4,772,738 for each security changing hands, compared to 778,055 units valued at $4,796,287 for each security traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
Sagicor Group dropped $1 to finish at $57, after trading 227,486 shares, Sagicor Real Estate Fund slipped to 88 cents, with the swapping of 28,167 shares to close at a 52 weeks’ low of $6.01, Scotia Group fell $1 to end at $50, after exchanging 389,765 shares. Seprod gained $2.55 to close at $44.50, with 109,882 shares changing hands, but only after the price hit a 52 weeks’ low of $35, Supreme Ventures closed at $18.50, with a loss of 50 cents transferring 1,419,961 shares, Sygnus Credit Investments closed at $18.49, after rising 49 cents trading 146,919 shares. Victoria Mutual Investments closed 75 cents higher to $7.95, transferring 391,775 units and Wisynco Group climbed $3.99 to end the day’s trade at $19.99 with 1,050,891 shares changing hands.
