More stocks fell than rose, Jamaica Stock Exchange Main Market, the day after the national election was held in the country, returning the governing party to office, with a strong mandate for another five years, winning 49 of the 63 seats up for grabs.
At the close, the All Jamaican Composite Index advanced 980.40 points to 402,248.48, the Main Index rose 858.57 points to 367,100.77 and the JSE Financial Index added 0.25 points to close at 97.09.
Trading ended with 44 securities changing hands compared to 38 on Thursday, with the prices of 10 stocks rising, 21 stocks declining 13 remaining unchanged. One stock closed at an all-time high and one at an all-time low. The average PE Ratio of the market ended at 15.1 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with fewer shares than on Thursday, in an exchange of 5,965,849 shares for $91,526,991 compared to 7,819,711 units at $77,429,738 on Thursday. Wigton Windfarm led trading with 1.15 million shares for 19.2 percent of total volume, followed by Sagicor Select Financial Fund with 1.08 million units for 18.2 percent of the day’s trade and Wisynco Group with 1.06 million units for 17.9 percent market share.
Trading ended with an average of 135,587 units changing hands at $2,080,159 for each security, in comparison to an average of 205,782 shares at $2,037,625 on Thursday. The average trade for the month to date ended at 190,096 units at $1,492,616 for each security, in contrast to 209,284 units at $1,423,922.
Trading month to date compares adversely to August’s average of 497,441 units at $3,201,918.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows six stocks ending with bids higher than their last selling prices and one with lower offers.
At the close of the market, Berger Paints rose $1.10 to settle at $12 in exchanging 16,422 shares, Eppley climbed $2.50 in closing at an all-time high of $24.50, with 12,797 stock units passing through the market, Eppley Caribbean Property Fund shed 81 cents to end at $48.94, in trading 10,501 units. First Rock Capital advanced by $1.28 to $13.18, with an exchange of 249 units, Grace Kennedy dropped $1.49, ending at $55.51 with a transfer of 311,465 shares, JMMB Group ended 90 cents lower to settle at $30 trading 118,235 shares.
Key Insurance declined by $1.05 to settle at $8.10, in transferring 19,595 stock units, Kingston Properties fell by $1.39 to $6.30, while exchanging 100 units, Kingston Wharves closed $2.50 higher at $47.50, with an exchange of 8,801 units. NCB Financial declined $2 to $137, trading 194,240 shares, Portland JSX fell $1.48, in ending at $7.02 with 100 units changing hands. Salada Foods closed at $28, with a loss of $1 after trading 426 shares. Scotia Group climbed $1.98 to $48, with investors switching the ownership of 50 stocks, Seprod declined $2 to settle at $53, in exchanging 2,119 units, Supreme Ventures gained 31 cents to close $13.81, in transferring 8,819 stock units and Sygnus Credit Investments lost 30 cents to close at $15.05, with 5,368 stock units crossing the market.
In the preference segment, Productive Business Solutions 9.75% Preference share declined by $15 to settle at an all-time low of $80 in trading 1,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close, the All Jamaican Composite Index gained 884.00 points to close at 399,279.64, the Main Index advanced 900.71 points to 364,390.65 and the JSE Financial Index gained 0.27 points to close at 96.22.
The average trade for the month to date is 210,813 units at $957,419 for each security. Trading month to date compares adversely to August’s average of 497,441 units at $3,201,918.
Jamaica Producers Group advanced to $22, with gains of $2 and 32,899 shares changing hands, Key Insurance lost 34 cents to end at $7.21, with 5,536 stock units changing hands. Kingston Properties climbed $1.52 and ended at $7.69, in trading 4,282 stock units, Kingston Wharves rose $2 to settle at $44 with investors swapping 9,554 stock units, NCB Financial Group climbed $2.50 to end at $138.50, in trading 58,879 shares. PanJam Investment rose $2.50 to settle at $69, after exchanging 955 units, Seprod gained 50 cents in ending at $54.50, with 7,685 stock units passing through the market and Wisynco Group picked up 50 cents to close at $16.50 and 77,995 shares changing hands.
At the close, the All Jamaican Composite Index dropped 7,335.15 points to 398,395.64, the Main Index declined by 6,792.78 points to 363,489.94 and the JSE Financial Index shed 1.74 points to close at 95.95.
Trading in August averaged 497,441 units at $3,201,918.
Key Insurance gained 34 cents, to close at $7.55 with an exchange of 5,417 stock units, Kingston Properties fell by $1.03 to $6.17, with 2,407 units changing hands. Kingston Wharves dropped $8 after trading 28,483 stock units to close at $42, NCB Financial Group declined by $4 to $136, after exchanging 24,762 stocks, Palace Amusement fell $200 to end at $1,500, with a transfer of 13 units. PanJam Investment fell $4.50 to $66.50 while trading 314 shares, Proven Investments shed $1.99 to close at $36 with an exchange of 6,896 stock units, Sagicor Group finished at $44, after losing $2.42 and the transferring of 48,477 shares. Scotia Group declined by $3.49 to settle at $47 in trading 26,079 stock units and Seprod gained 50 cents to end at $54, with 1,477 units changing hands.
At the close, the All Jamaican Composite Index climbed 4,681.28 points to 405,730.79, the Main Index bounced 4,232.34 points to end at 370,282.72 and the JSE Financial Index gained 1.36 points to close at 97.69.
The average trade for the month to date ended at 497,441 units at $3,201,934 for each security, in contrast to 491,213 units at $3,153,576. Trading for the month to date is well ahead of July, which closed with an average of 392,128 shares for $2,444,356.
Key Insurance lost 39 cents to settle at $7.21, with 8,947 units changing hands, NCB Financial Group carved out a gain of $2 to close at $140 with investors swapping 637,827 shares. PanJam Investment advanced $5.90 to $71, after exchanging 5,950 stock units, Proven Investments rose $1.99 to settle at $37.99, in 2,802 units changing hands. Sagicor Group finished $2.42 higher at $46.42, with an exchange of 275,545 shares, Scotia Group climbed $3.49 to $50.49, in exchanging 29,922 stock units, Seprod shed $1.50 to close at $53.50, having traded 15,713 stock units. Sygnus Credit Investments rose 35 cents to close at $15.35 with 128,320 shares passing through the market and Wisynco Group lost 50 cents to close at $16 and 200,997 shares changing hands.
At the close, the All Jamaican Composite Index declined by 861.11 points to 401,049.51, the Main Index shed 775.38 points to settle at 366,050.38 and the JSE Financial Index lost 0.43 points to close at 96.33.
QWI Investments traded 2.55 million units accounting for 4.3 percent of Main Market volume and Sagicor Select Financial Fund ended trading, with 2.39 million shares and 4 percent of the volume.
Jamaica Stock Exchange climbed $1.75 to settle at $19.28, after exchanging 4,688 stock units, JMMB Group shed 47 cents and closed at $29.53 with a transfer of 118,347 shares, Mayberry Investments ended 68 cents lower at $5.32, after exchanging 1,250 units. NCB Financial Group rose $1.99 to settle at $138, with 168,962 shares changing hands, PanJam Investment dropped $5.90, in closing at $65.10 as investors swapped 2,754 units, Portland JSX rose 62 cents to finish at $8.50, with investors switching ownership of 7,519 stock units. Proven Investments ended at $36, after losing 50 cents, with an exchange of 566 units, Sagicor Group fell $1 to $44, in trading 19,418 shares, Seprod carved out a gain of $1 to end at $55, with an exchange of 46,826 stock units. Sygnus Credit Investments lost 60 cents to close at $15, with investors trading 63,968 units and Victoria Mutual Investments closed 30 cents lower to end at $6.60, with 41,506 shares changing hands.
Trading month to date is well ahead of July with an average of 392,128 shares for $2,444,356.
JMMB Group carved out a loss 50 cents to close at $30, with 44,422 stocks crossing the market, Kingston Properties shed 40 cents in closing at $7.20 with an exchange of 169 stock units. Kingston Wharves rose 95 cents to close at $50 in exchanging 572,067 stocks, NCB Financial Group dropped $3.97 to end at $136.01 after trading 158,851 shares, Palace Amusement dropped by $50 in closing at $1700 crossing the market one stocks. PanJam Investment gained $6 to end at $71 in trading 1,520 stocks, Proven Investments advanced 40 cents to $36.50 with investors swapping 20,001 stock units, Sagicor Group shed 50 cents to close at $45 after exchanging 18,139 units. Scotia Group dropped by $2.50 in ending at $47, with an exchange of 112,320 shares and Victoria Mutual Investments gained 40 cents and closed $6.90, with investors switching ownership of 117,840 units.
Transjamaican Highway led trading with 11.06 million shares for 48.8 percent of total volume followed by Sagicor Real Estate Fund with 5.38 million units for 23.7 percent of the day’s trade, QWI Investments with 1.55 million units for 6.8 percent market share and Wigton Windfarm ended with 1.17 million shares changing hands for 5 percent of total shares changing hands.
Eppley Caribbean Property Fund gained 50 cents to end at $50 after 6,411 units passed through the market, Grace Kennedy carved out a loss $1.48 to settle at $55.01, with 99,348 stocks passing through the market, Jamaica Broilers Group gained $1.30 to end at $24.80 in exchanging 6,351 stock units. Jamaica Stock Exchange lost 80 cents to settle at $19 after 23,485 stocks crossed the exchange, MPC Caribbean Clean Energy shed $5 to close at $150 in an exchange of 66 shares, NCB Financial Group gained $1.48 in closing at $139.98, trading 728,385 stocks. Proven Investments dropped by $1.90 in closing at $36.10, with 700 stock units changing hands, Sagicor Group gained $1.45 to close at $45.50, after 266,558 stocks passed through the market, Scotia Group jumped $4.50 to close at $49.50 with an exchange of 36,229 stock units and Seprod advanced by $2.99 in closing at $54 and exchanging 7,026 shares.
Transjamaican Highway was the only other stock to exceed a million shares and ended with 2.12 million units changing hands.
Jamaica Producers Group lost 50 cents to close at $20 with investors swapping 2,147 shares, JMMB Group climbed 44 cents to $30.47 while exchanging 20,425 stock units. Key Insurance shed 70 cents to close at $7.69 and finished trading 75,312 stocks, NCB Financial Group carved out a loss 50 cents in closing at $138.50 while 207,362 stock units changed hands, 138 Student Living carved out a loss 32 cents to close at $5.50 after exchanging 330,439 shares. Proven Investments rose $2 to end at $38 in trading 37,208 stocks. Scotia Group lost 51 cents to end at $45, with 282,290 stock units passing through the market and Seprod declined $3.49 to settle at $51.01 in exchanging 290,603 shares.
Sagicor Select Financial Fund with 1.3 million units or 10.8 percent of overall trade and QWI Investments with 1.2 million stock units for 10 percent of stocks trading.
Eppley jumped $3.18 to settle at 52 weeks’ high of $21 with an exchange of 40,535 units. Jamaica Broilers Group carved out a gain of $2 to close at $25 while trading 2,197 stocks, Jamaica Producers Group fell $2.48 to end at $20.50 with investors swapping 193,306 units, JMMB Group dropped by $1.27, in ending at $30.03 after 24,388 stocks passed through the market. Mayberry Jamaican Equities lost 46 cents in closing at $8.29, with 153 units changing hands, MPC Caribbean Clean Energy gained $2.99 to end at $155, after an exchange of 1,587 units, PanJam Investment declined $3 to end at $65 and cleared the market with 11,980 stock units. Proven Investments climbed $1.90 to $36 after trading 23,024 shares, Scotia Group carved out a loss $2.49 to end at $45.51 with investors switching ownership of 245,287 stock units and Wisynco Group fell 40 cents to close at $16.50 while exchanging 17,470 stocks.
At the close, the All Jamaican Composite Index dropped by 223.64 points to settle at 401,551.48, the Main Index declined by 383.35 points to end at 366,312.01, the JSE Financial Index lost 0.10 points to settle at 95.85.
Trading ended with an average of 441,246 units changing hands at $1,282,200 for each security, in comparison to an average of 871,770 shares at $7,874,805 at the close on Wednesday. The average trade for the month to date ended at 479,152 units at $2,702,302 for each security, in contrast to 482,123 units at $2,813,629. Trading month to date compares well, with a July average of 392,128 shares for $2,444,356.
Key Insurance declined by 30 cents in closing at $8.09 with investors swapping 4,549 stock units, Kingston Wharves gained $1 to close at $50 after trading at 4,058 shares, Mayberry Investments rose 39 cents to end at $6 and crossing the exchange, with 424,095 stocks. Mayberry Jamaican Equities advanced 46 cents to $8.75, after exchanging 250 shares, Palace Amusement rose $198 to settle at $1750, with 33 units clearing the market, PanJam Investment fell 50 cents in closing at $64.50 in an exchange of 1,366 shares. Proven Investments increased $1.83 to settle at $35.85 in exchanging 3,100 stocks, Seprod carved out a gain of 85 cents to end at $55, after 9,670 shares passed through the market and Wisynco Group increased 85 cents to end at $17.40 in exchanging 9,404 stock units.