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.
Trading picks up on Junior Market – Friday
Trading on the Junior Market of the Jamaica Stock Exchange finished on Friday with 33 securities changing hands, with an increased volume of 4,639,848 units valued at $13,835,204 compared to 3,359,389 units valued at $10,159,585 from 37 securities on Thursday.
At the close of market activities, the prices of 17 securities advanced, 11 declined and 8 remained unchanged, with 33 changing hands, resulting in the Junior Market Index falling by a mere 2.17 points to close at 3,209.01. The market closed, with the average PE Ratio ending at 14 earnings for 2019.
Trading ended with an average of 140,601 units for an average of $419,249 in contrast to 101,800 units for an average of $307,866 on Thursday. The average volume and value for the month to date amounts to units 168,606 valued at $673,811 and previously 171,324 valued at $698,518. 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 bid-offer indicator reading shows five stocks ended with bids higher than their last selling prices and five with lower offers. 
At the close of the market, Access Financial dipped 20 cents in trading 10,601 units at $32.10, AMG Packaging slipped 5 cents in exchanging 1,346,609 units at $2.02, Blue Power ended with a loss of 1 cent at 4.39 with 4,536 stock units changing hands. Caribbean Cream ended market activity exchanging 11,377 shares to close at $3.60 after falling 41 cents, Caribbean Producers climbed 7 cents after an exchange of 24,182 shares at $4.88, Consolidated Bakeries traded 8,000 shares, after rising 5 cents to end at $1.65. Dolphin Cove closed with 3,001 units crossing the market and gained 81 cents to end at $11.61. Elite Diagnostic lost 47 cents with 5,000 units changing hands at $4.38, Everything Fresh closed 1 cent higher at $1.06, with the of trading 352,400 stock units, Express Catering ended with 139,578 shares changing hands, after rising 40 cents to end at $6.50. Fosrich shed 30 cents in trading 21,895 units at $4.10, Fontana closed 14 cents higher at $7.14, with 380,369 stock units changing hands, GWest Corporation closed 1 cent higher at $1.11, in transferring 4,182 stock units. Honey Bun lost 29 cents in trading 63,649 shares to close at $8.01, iCreate climbed 2 cents and exchanged 266,130 shares at 85 cents. 
Indies Pharma gained 18 cents to close at $3.10, with the trading of 51,726 stock units, Iron Rock Insurance exchanged 35,850 units and gained 20 cents to end at $4, Jamaican Teas closed trading of 243,285 units and rose 23 cents to end at $6.88. Jetcon Corporation closed 5 cents higher at $1.45, trading 44,975 stock units, Knutsford Express ended market activity, exchanging 30,250 shares to close at $9.95 after falling 5 cents. Lasco Distributors rose 13 cents to close $3.29, with 85,000 stock units changing hands, Lasco Financial closed 30 cents higher at $4.40, with 29,850 stock units trading. Lasco Manufacturing climbed 5 cents and exchanged 21,300 shares at $4.16, Limners and Bards gained 25 cents and exchanged 87,009 shares at $3, Mailpac Group lost 5 cents in trading 332,699 shares to close at $2.05. Main Event ended 33 cents higher at $6.40, with 5,570 stock units crossing the exchange, Paramount Trading fell 3 cents in trading of 237,730 units at $1.70 and SSL Venture lost 4 cents in transferring 121,000 units at $1.20.
Prices of securities trading for the day are those at which the last trade took place.
Stocks closed higher on TTSE trading – Friday
First Citizens Bank closed at a 52 weeks’ high on TTSE on Friday.
The market closed with 16 securities trading, with six gaining, five declining as the prices of five closed unchanged after First Citizens Bank ended at a new 52 weeks’ high.
The T&T Composite Index rose 1.22 points to end at 1,480.36. The All T&T Index gained 2.02 points to 1,883.15, while the Cross Listed Index inched 0.05 points to close at 145.97.
Trading resulted in an exchange of 237,058 shares, valued at $5,808,030, compared to 223,638 shares, valued at $5,221,135, from 17 securities on Thursday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of five stocks higher than their last selling prices and two with lower offers.
Gains| Clico Investments rose 10 cents and ended at $28.10, with an exchange of 11,640 units, Angostura Holdings added 4 cents and ended at $16.20, in swapping 6,210 shares, First Citizens Bank increased 5 cents and settled at a 52 weeks’ high of $45.20, trading 1,600 stock units. Guardian Holdings added 10 cents and ended at $21.60, with 8 stock units changing hands, JMMB Group closed with an increase of 1 cent to close at $2.66, with 1,056 units crossing the exchange and Trinidad & Tobago NGL closed trading of 5,804 shares and rose 45 cents to close at $23.45.
Losses| Ansa McAl shares fell 5 cents and completed trading of 23,629 shares at $55.25, National Flour closed with a loss of 5 cents and closed at $1.35, with 100,000 units exchanging hands, Scotiabank ended with a loss of 1 cent at $61, with 51,286 units crossing the exchange. West Indian Tobacco shed 20 cents and completed trading 2,481 units at $41 and Unilever Caribbean dropped 10 cents and settled at a 52 weeks’ low of $22.15 in swapping 2,742 shares.
Firm Trades| Agostini’s traded just 5 units at $25, Massy Holdings completed trading at $62, with 20 units, National Enterprises settled at $5.50, with 20 units changing hands, NCB Financial ended trading of 29,757 shares at $11 and Republic Financial closed at $135.75, with investors exchanging 800 units.
Prices of securities trading are those at which the last trade took place.
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.
Junior market loses 4% for 2020
Trading on the Junior Market of the Jamaica Stock Exchange closed on Thursday with the Junior Market Index shedding another 34.24 points to close at 3,211.18, bringing the year’s loss to 4 percent as declining stocks edged out advancing ones.
At the close of market activities, the prices of 12 securities advanced, 14 declined and 7 remained unchanged, with 33 stocks changing hands, resulting in an exchange of 3,359,389 units valued at $10,159,585 compared to 6,024,104 units valued at $19,766,505 from 37 securities on Wednesday.
At the close of market activities, the market’s average PE Ratio ended at 14 earnings for 2019.
Trading ended with an average of 101,800 units for an average of $307,866 in contrast to 162,814 units for an average of $534,230 on Wednesday. The average volume and value for the month to date amounts to units 171,324 valued at $698,518 and previously 178,797 valued at $740,510. 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 bid-offer indicator reading shows five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Access Financial ended trading with 52,600 shares, after rising 20 cents to end at $32.30, AMG Packaging ended with a loss of 1 cent at $2.07 with 98,000 stock units changing hand, Blue Power closed 10 cents higher at $4.40, with swapping of 19,241 stock units. CAC 2000 climbed 50 cents and exchanged 5,000 shares at $13.50, Caribbean Cream closed with a loss of 29 cents at $4.01, in exchanging of 450 shares, Consolidated Bakeries traded 4,500 shares and declined 15 cents to settle at $1.60. Dolphin Cove dipped 95 cents in trading, just 100 units at $10.80. Derrimon Trading ended with a loss of 1 cent at $2.58 with 35,207 stock units changing hands, Elite Diagnostic fell 3 cents in trading of 38,492 units at $4.85. Everything Fresh closed with 18,089 units crossing the exchange and gained 4 cents to end at $1.05, Express Catering traded of 1,774 units and gained 10 cents to end at $6.10, Fosrich exchanged 193,478 shares, after rising 10 cents to end at $4.40. General Accident closed 75 cents higher to $6.75, with 5,520 stock units changing hands, GWest Corporation closed trading of 98,919 units and gained 4 cents to end at $1.10, 
Honey Bun traded 1,992 units and declined 20 cents to settle at $8.30. iCreate closed 3 cents higher at 83 cents, with 63,807 stock units crossing the exchange, Jamaican Teas lost 35 cents in trading 79,655 units to close at $6.65, Jetcon Corporation dropped 20 cents in trading of 91,678 units at $1.40. Lasco Distributors closed with 214,115 shares changing hands, after rising 5 cents to end at $3.16, Lasco Financial shed 25 cents in trading of 4,578 units at $4.10, Lasco Manufacturing declined by 21 cents to settle at $4.11 after units 64,197 passed through the market. Limners and Bards closed with a loss of 15 cents at $2.75, after swapping 108,276 shares, Lumber Depot fell 4 cents in trading of 1,508,978 units at $1.61. Main Event closed 3 cents higher at $6.07, with an exchange of 3,917 stock units, Paramount Trading closed 1 cent higher at $1.73, with the swapping of 21,600 stock units and SSL Venture ended with a loss of 1 cent at 1.24 with 830 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.
Rising stocks dominate TTSE trading – Thursday
Republic Bank closed at a 52 weeks’ high on Thursday.
Trading closed on the Trinidad & Tobago Stock Exchange on Thursday, rising stocks outpacing declining ones by a significant margin.
The market closed with 17 securities trading, with seven stocks gaining, two declining while eight closed unchanged, after Republic Financial Holding ended at a new 52 weeks’ high.
The T&T Composite Index inched 0.01 points higher to 1,479.14. The All T&T Index rose just 0.53 points to 1,881.13, while the Cross Listed Index declined 0.07 points to close at 145.92.
Trading resulted in an exchange of 223,638 shares, valued at $5,221,135, compared to 130,180 shares, with a value of $4,139,922, from 16 securities on Wednesday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of five stocks higher than their last selling prices and one with a lower offer.
Gains| Clico Investments gained 11 cents and ended at $28, after exchanging 34,949 shares, Angostura Holdings gained 1 cent to close at $16.16, with 4,400 stock units changing hands, First Citizens Bank increased by 5 cents and settled at $45.15, trading 2,200 stock units. Massy Holdings climbed 40 cents and ended at $62, after exchanging 504 shares, National Flour rose 4 cents and closed at $1.40, after trading a mere eight unit. Republic Financial rose 25 cents end at a 52 weeks’ high of $135.75, after swapping of 100 shares and West Indian Tobacco added 1 cent and completed trading of 8,468 shares at $41.20.
Losses| JMMB Group fell 5 cents and ended at $2.65, with investors exchanging 22,500 shares and Trinidad & Tobago NGL closed trading of 10,184 shares but fell 61 cents to close at $23.
Firm Trades| Ansa McAl closed at $55.30, with 41,693 units crossing the exchange, Calypso Micro Index Fund traded 1,000 shares at $15.85, Grace Kennedy finished at $3.90, with investors exchanging 10,000 shares, Guardian Holdings ended at $21.50, with 1,000 units crossing the exchange. NCB Financial exchanged 84,000 shares to close at $11, Prestige Holdings settled at $8.90, with an exchange of 12 units, Scotiabank ended at $61.01, in trading 650 units and Unilever Caribbean settled at $22.25, with 1,970 stock units changing hands.
Prices of securities trading are those at which the last trade took place.
Junior Market dips again Wednesday
The Junior Market of the Jamaica Stock Exchange slipped again on Wednesday with the market Index falling 10.92 points to end at 3,245.42 as prices of 13 securities advanced, 14 declined and 10 remained unchanged.
The number of securities changing hands rose to 37, up from 33 on Tuesday and resulted in an exchange of 6,024,104 units valued at $19,766,505 compared to 3,923,066 units valued at $17,832,838 on Tuesday.
At the close of market activities, the market’s average PE Ratio remained at 14.2 earnings for 2019.
Trading ended with an average of 162,814 units for an average of $534,230 in contrast to 118,881 units for an average of $540,389 on Tuesday. The average volume and value for the month to date amounts to units 178,797 valued at $740,510 and previously 180,987 valued at $768,779. 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 bid-offer indicator reading shows nine stocks ended with bids higher than their last selling prices and two with a lower offer.
At the close of the market, AMG Packaging closed 8 cents higher at $2.08, with 28,370 stock units changing hands, Blue Power dipped 20 cents in trading 9,203 units at $4.30, Caribbean Cream climbed 30 cents and exchanged 1,000 shares to end at $4.30. Caribbean Flavours closed trading of 300 units and gained 2 cents to finish at $15.02, Cargo Handlers climbed $1 to settle at $9 with 950 shares changing hands, Caribbean Producers gained 1 cent to end at $4.81, with an exchange of 7,405 shares. Consolidated Bakeries dipped 15 cents trading of 4,358 units to close at $1.75, Derrimon Trading climbed 9 cents and exchanged 289,096 shares at $2.59, Everything Fresh shed 9 cents in transferring 82,300 units at $1.01. Express Catering lost 25 cents in trading 1,745 units at $6, Fosrich lost 10 cents with 25,951 units changing hands at $4.30, General Accident lost 44 cents in swapping 51,047 units at $6. GWest Corporation fell 4 cents trading 52,801 shares to close at $1.06, Honey Bun ended with 204,528 shares crossing the exchange, after rising 35 cents to close at $8.50, iCreate closed trading of 86,890 units with a gain of 5 cents to end at 80 cents. Iron Rock Insurance declined 20 cents to settle at $3.80 with an exchange of 1,500 shares, 
ISP Finance climbed 50 cents in exchanging just one share at $29.50, Jamaican Teas dipped 29 cents in trading 801,148 units to end at $7, Key Insurance dipped 10 cents in transferring 2,184 units at $3.80. Lasco Distributors lost 2 cents trading 626,778 shares to close at $3.11, Lasco Financial ended swapping with 4,428 shares, after rising 25 cents to finish at $4.35, Lasco Manufacturing closed 7 cents higher at $4.32, with the trading of 12,506 stock units. Limners and Bards lost 10 cents in exchanging 25,369 units at $2.90, Lumber Depot climbed 12 cents and traded 736,293 shares at $1.65, Mailpac Group closed 2 cents higher at $2.10, with 2,647,671 stock units trading. SSL Venture shed 9 cents in exchanging 6,500 units at $1.25 and Stationery and Office Supplies lost 50 cents in transferring 22,300 shares to close at $10.15.
Prices of securities trading for the day are those at which the last trade took place.
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.
Trading drops of TTSE – Wednesday
Trading volume and value declined on the Trinidad & Tobago Stock Exchange on Wednesday compared to Tuesday’s levels and resulted in declines in the indices.
The market closed with 16 securities trading of which three stocks gained, four declined while nine closed unchanged after Massy Holding ended at a 52 weeks’ high.
The T&T Composite Index lost 8.60 points to close at 1,479.13. The All T&T Index sank 17.09 points to 1,880.60, while the Cross Listed Index remained unchanged points to close at 145.99.
Trading resulted in an exchange of 130,180 shares, with a value of $4,139,922, compared to 471,647 units, valued at $6,460,607, from 20 securities on Tuesday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of four stocks higher than their last selling prices and two with lower offers.
Gains| Calypso Micro Index Fund rose 10 cents in trading 120 shares at $15.85, JMMB Group added 5 cents and settled at $2.70, with 19,275 stock units changing hands and Massy Holdings rose 5 cents and ended at a 52 weeks’ high of $61.60, after exchanging 3,623 shares.
Losses| Clico Investments shed 1 cent to close at $27.89, with 3,843 units crossing the exchange, Ansa McAl dropped $4.70 and completed trading of 58,407 stock units at $55.30. Trinidad Cement fell 2 cents to $1.98, with investors trading 2,500 shares and West Indian Tobacco lost 1 cent and settled at $41.19, in swapping 598 shares.
Firm Trades| First Caribbean International Bank completed trading of 500 units at $7.90, Grace Kennedy ended at $3.90, with 5,500 units crossing the exchange, National Enterprises completed trading 40 stock units at $5.50. National Flour settled at $1.36, after swapping of 19,534 shares, One Caribbean Media ended at $8.40, after exchanging 500 shares, Republic Financial closed at $135.50, with investors trading 200 shares. Scotiabank completed trading of 1,289 units at $61.01, Trinidad & Tobago NGL closed trading of 14,221 shares at $23.61 and Unilever Caribbean ended at $22.25 with investors exchanging 30 shares.
Prices of securities trading are those at which the last trade took place.
More Gains for JSE Main Market
Main Market activity on the Jamaica Stock Exchange resulted in more gains for the major indices on Tuesday, but with declining stocks edging out advancing ones.
At the close, the JSE All Jamaican Composite Index advanced 1,603.82 points to close at 554,689.07, the JSE Market Index gained 1,368.73 points to 505,051.51 and the JSE Financial Index added 0.86 points to end at 137.19.
The market closed with 42 securities changing hands in the Main and US dollar markets with the prices of 16 stocks advancing, 18 declining and 8 trading firm. The JSE Main Market activity ended with 36 securities accounting for 25,370,029 units valued at $66,307,015 in contrast to 12,661,713 units valued at $111,971,239 from 47 securities on Monday.
Sagicor Select Financial Fund dominated trading with 16.9 million shares for 67 percent of total volume, followed by Wigton Windfarm with 4.1 million units for 16 percent of the day’s trade, and Sagicor Select Manufacturing & Distribution with 1.9 million shares for 7 percent of the market’s volume.
The Market closed with an average of 704,723 units valued $1,841,862 units for each security traded, in contrast to 301,469 units valued at an average of $2,665,982 on Monday. The average volume and value for the month to date amounts to 463,503 units valued at $2,179,721 for each security changing hands, compared to 439,042 units valued at $2,218,333 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 securities closing with lower offers. The PE ratio of the market ended at 19.4, while the Main Market ended at 18.7 times the 2019 earnings.
In the prime market, Caribbean Cement dropped $4.50 to end at $69, with an exchange of 21,839 shares, Eppley gained 60 cents to close at $14.40 trading 5,607 shares, Grace Kennedy lost 99 cents exchanging 28,130 shares to end at $76.01, Jamaica Broilers closed 50 cents lower to $38.90, after swapping 8,915 shares. Jamaica Producers dropped $2.39 to settle at $24.01, with an exchange of 14,000 shares, Jamaica Stock Exchange climbed 90 cents transferring 150,186 units to end at $28.85, JMMB Group closed $2 higher to $48 in trading 106,771 units. Mayberry Investments ended at $8.50, after losing 50 cents with 21,947 shares changing hands, Mayberry Jamaican Equities closed 89 cents lower at $11.31, in swapping 4,158 units, NCB Financial Group gained $3 to settle at $198, after transferring 23,644 shares. PanJam Investment closed $2 higher at $102 after trading just 364 units, Pulse Investments lost 44 cents to close at $6.45, with 122,736 units changing hands. 
Sagicor Group gained 40 cents to end at $70 in swapping 50,866 shares, Scotia Group advanced $3 to $58 in exchanging 58,212 shares and Supreme Ventures closed with a loss of 50 cents to end at $25, in swapping 10,227 shares.
Trading in the US dollar market ended with 84,352 units valued at over US$42,656. The market index advanced 8.56 points to close at 238.40. Margaritaville closed at 34.99 US cents, with 425 units changing hands, Proven Investments traded 58,581 units, in losing 1 US cent to close at 32 US cents. Sygnus Credit Investments ended with 8,800 shares changing hands at 18 US cents, Sterling Investments closed at 3 US cents after exchanging 3,458 units. JMMB Group 5.75% preference share traded 8,731 units at US$2.02 and JMMB Group 6% preference share traded 4,357 units at US$1.04.
