JSE Main Market ended trading with the second monthly decline for the year as the primary indices declined by almost 2,000 points on Friday, with the market down 5.4 percent for 2020 to date.
At the close of trading, the JSE All Jamaican Composite Index lost 1,949.68 points to close at 529,722.22, the JSE Market Index slipped 1,727.36 points to 482,310.09 and the JSE Financial Index lost 0.52 points to 130.61.
The market closed with 47 securities changing hands in the Main and US dollar markets with the prices of 19 advancing, 19 declining and nine trading firm. The JSE Main Market activity ended with 42 securities accounting for 61,902,088 units valued at $374,112,515 in contrast to 27,834,480 units for $185,509,886 from 41 securities on Thursday.
Wigton Windfarm dominated trading with 31.5 million shares for 51 percent of total volume, Sagicor Select Financial Fund followed with 8.25 million units for 13.3 percent of the day’s trade and Pulse Investments with 8.1 million units for 13 percent of the market’s volume. Other stocks trading more than one million units were Sagicor Select Manufacturing and Distribution Fund with 6.7 million units and 11 percent of total volume, QWI Investments with 1.05 million shares and Wisynco Group with 1.8 million units.
The Market closed with an average of 1,473,859 units valued at an average of $8,907,441 for each security traded, in contrast to 678,890 units valued at an average of $4,524,631 on Thursday. The average volume and value for the month to date amount to 624,731 units valued at $3,239,665 for each security changing hands compared to 596,981 units valued at $2,909,960 for each security traded. Trading in January resulted in an average of 626,134 units valued at $3,511,981 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows twenty-three stocks ending with bids higher than their last selling prices and two closing with lower offers. The PE ratio of the market ended at 18.9, while the Main Market ended at 18.2 times 2019 earnings.
In the prime market, Barita Investments lost 50 cents to close at $66.50 after trading 643,580 shares, Berger Paints dropped $1.50 to $14, with an exchange of 9,000 shares, Caribbean Cement jumped $7.99 to $77.99, after transferring 13,241 shares. Eppley Caribbean Property Fund climbed $4 to $46, in swapping 5,200 units, First Rock Capital ended at the lowest point since listing last week at $12, after losing $1 trading 24,366 shares. Jamaica Broilers climbed $4.69 to $39.70, with 164,156 shares changing hands, Jamaica Stock Exchange rose $1.60 to settle at $31.60, with an exchange of 239,060 shares. JMMB Group finished with a rise of $3.80 at $44.55, after trading 397,029 shares. Kingston Wharves closed trading at $53.03, after losing $1.97 exchanging 931 units, Mayberry Investments gained 70 cents to end at $8.20, with 10,280 shares crossing the exchange, MPC Caribbean Clean Energy tumbled $19.99 to $130.01, in transferring 1,613 units. NCB Financial closed $2 lower to $184 after trading 308,053 units, 138 Student Living lost 77 cents to end at $6.23, with 40,733 shares changing hands.
PanJam Investment dipped $1.44 to $99.50 with an exchange of 15,383 units, Pulse Investments lost 35 cents to close at $11.10, in swapping 8,059,323 shares, Sagicor Group gained $1 to settle at $67, in exchanging 61,960 shares, Sagicor Real Estate Fund closed at $9.85, with gains of $1.05 in trading 362,100 shares. Scotia Group ended at $54, with a loss of $1 in transferring 272,072 shares, Seprod climbed $3 to $54, with 184,717 shares changing hands, Stanley Motta rose 40 cents to $5.60, trading 319,182 shares. Supreme Ventures lost 55 cents to settle at $21.50, in swapping 561,008 shares, Sygnus Credit Investments shed $1.06 to finish at $25.94, after transferring 88,979 shares. Victoria Mutual Investments slipped 50 cents to $9.25, with the trading of 226,844 shares and Wisynco Group gained 50 cents to end the day’s trade at $23.10, with an exchange of 1,803,893 shares.
Trading in the US dollar market ended with 352,444 units valued at over US$86,027. The market index rose 1.98 points to close at 228.15. First Rock Capital traded 100 units at 12 US cents, JMMB Group 6% preference share closed at US$1, with a gain of 1 cent exchanging 8,700 units, Proven Investments rose 1.9 cents to 31 US cents, in transferring 53,551 units. Sterling Investments lost 0.01 cent to end at 2.84 US cents, with 2,406 units changing hands and Sygnus Credit Investments gained 4.5 cents to settle at a record high of 22 US cents after swapping 287,687 shares.
Prices of securities trading for the day are those at which the last trade took place.
