The Main Market of the Jamaica Stock Exchange pulled back on Monday as declining stocks climbed sharply over declining ones leaving the All Jamaica Index down more than 1,700 points as the value of stocks trading climbed more than three times the amount on Friday.
At the close, the JSE All Jamaican Composite Index declined 1,739.08 points to 415,922.76, the JSE Market Index lost 1,591.95 points to 379,245.00 and the JSE Financial Index shed 0.59 points to 99.01. The PE ratio of the market ended at 14.8, while the Main Market ended at 15.0 times 2020-21 earnings.
The market closed with 51 securities changing hands in the Main and US dollar markets with prices of 16 stocks advancing, 24 declining and 11 securities trading firm. The JSE Main Market activity ended with 45 securities accounting for 18,388,256 units valued at $319,619,070, in contrast to 13,579,954 units valued at $104,517,041 from 37 securities on Friday.
Trans Jamaican Highway led trading with 3.1 million shares for 16.9 percent of total volume, followed by Mayberry Investments with 3 million units for 16.3 percent of the day’s trade and Wigton Windfarm with 2.05 million units for 11.2 percent market share. Other stocks trading more than one million units were Jamaica Broilers with 1.9 million shares and Supreme Ventures with 1.3 million units.
The average security trading on Monday amounted to 408,628 units at $7,102,646, in contrast to 367,026 units valued at an average of $2,824,785 on Friday. The average volume and value for the month to date amount to 454,239 units valued at $6,396,116 for each security changing hands, compared to 462,352 units with an average of $6,245,434. Trading in May resulted in an average of 475,543 units valued at $3,077,280 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.
In the Main Market, Barita Investments fell 41 cents to $50.10, with an exchange of 10,108 units, Eppley gained 68 cents to settle at $16.90, in transferring 1,020 units, First Rock Capital shed 99 cents to close at $15.40 trading 74,855 stock units. Jamaica Producers closed $1.95 lower to $20.05, after exchanging 282,110 shares, Jamaica Stock Exchange ended at $23.01, after losing 97 cents swapping 40,222 stock units, Kingston Wharves lost 79 cents trading 509 units and closed at $55. Mayberry Jamaican Investments ended 50 cents lower at $10, in transferring 502 units, 
MPC Caribbean Clean Energy dropped $6 to close at $159, with 600 units crossing the exchange, NCB Financial Group sustained a loss of $7 trading 989,511 shares to finish at $140. 138 Student Living lost 31 cents to settle at $6.60, with 106,049 shares changing hands, Palace Amusement jumped $500 to reach $2,200 after a mere eight units traded, PanJam Investment closed 75 cents lower to $74, in exchanging 12,670 units. Proven Investments advanced by $2.40 to $35.40 after transferring 28,462 units, Sagicor Group fell $1.50 to $44 trading 228,087 shares, Salada Foods shed 49 cents to end at $29.01, after swapping 3,400 units. Seprod declined $1.24 in transferring $147,046 shares and closed at $53.56 and Sygnus Credit Investments ended the day at $17.47, with gains of $1.47 trading 22,438 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close, the JSE All Jamaican Composite Index gained 708.47 points to 417,762.85, the JSE Market Index advanced by 727.80 points to 380,852.40 and the JSE Financial Index rose 0.39 points to 99.79. The PE ratio of the market ended at 14.5, while the Main Market ended at 14.9 times 2020-21 earnings.
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 four stocks closing with lower offers.
MPC Caribbean Clean Energy advanced $4 to $165, in transferring 60 units. NCB Financial Group climbed $5 to $145 trading 67,678 shares, Palace Amusement rose $50 to end at $1,250, after swapping 67 units, Proven Investments closed 85 cents higher exchanging 26,185 stock units to end at $33.85. Sagicor Real Estate Fund lost 50 cents trading 24,533 units to finish at $7, Salada Foods gained 96 cents and closed at $29.50, with 398 units changing hands, Scotia Group settled at $46.17, with a loss of 31 cents in exchanging 25,904 stock units. Seprod closed 30 cents lower at $54.50 after transferring 20,808 stock units and Wisynco Group ended with a loss 44 cents trading 184,883 shares at $18.
At the close, the JSE All Jamaican Composite Index gained 414.38 points to 417,054.38, the JSE Market Index advanced 436.71 points to end at 380,124.60 and the JSE Financial Index rose 0.29 points to 99.40. The PE ratio of the market ended at 14.3, while the Main Market ended at 14.6 times 2020-21 earnings.
The only other stock trading over one million units was Wigton Windfarm, with 1.7 million shares.
Eppley added 88 cents with 1,335 units changing hands to end at $17.10. Jamaica Broilers lost 35 cents and closed at $26.10, trading 49,494 stock units, Jamaica Stock Exchange closed 50 cents higher at $22.50, in exchanging 72,566 shares, Key Insurance lost 31 cents to settle at $4.79, after trading 15,000 units. Kingston Wharves closed 94 cents higher at $57.99, in transferring 1,960 units, MPC Caribbean Clean Energy traded 61 units at $161, after picking up $1, NCB Financial Group tumbled $5 to $140, while exchanging 392,848 shares. 138 Student Living fell $1 to $7 after 86,901 stock units changed hands, Palace Amusement climbed $98 to $1,200 trading 96 units, Proven Investments closed $1 lower at $33, in swapping 25,731 units. Salada Foods shed 96 cents to finish at $28.54 in transferring 1,225 units and Scotia Group gains of 68 cents trading 1,306 units and ended at $46.48.
At the close, the JSE All Jamaican Composite Index fell by 663.89 points to 416,640.00, the JSE Market Index was down 753.91 points to 379,687.89 and the JSE Financial Index lost 0.34 points to 99.11.
NCB Financial Group 1 million units, PanJam Investment 1.8 million units, Sagicor Group 1.9 million shares. Sagicor Select Financial Fund ended with 1.1 million units, Scotia Group 1.7 million shares, Supreme Ventures 1.4 million units, Trans Jamaican Highway with 3.1 million shares and Wisynco Group with 1 million units.
Mayberry Investments lost 39 cents trading 308,367 shares to finish at $5.54, Mayberry Jamaican Equities closed 44 cents higher at $9.94 exchanging 18,021 stock units, NCB Financial Group rebounded with gains of $5 to end at $145 after a transfer of 1,000,397 shares. 138 Student Living picked up 78 cents in swapping 61,056 shares and closed at $8, Palace Amusement added $1 to close at $1,102 with an exchange of 82 units, Proven Investments ended with a loss of 50 cents trading 14,504 stock units to settle at $34. Victoria Mutual Investments closed 42 cents lower at $7.53, with 608,186 shares changing hands and Wisynco Group gained 44 cents and ended at $18.44, trading 1,024,455 shares. 138 Student Living traded 650 preference shares and rose 90 cents to end at $5.90.
The average stock trading was 573,890 units at $3,542,999 for each security traded, in contrast to 2,430,656 units valued at an average of $4,524,674 on Friday. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
NCB Financial Group sustained a loss of $8 in transferring 224,350 shares and closed at $140. Palace Amusement picked up $1 to close at $1,101 in an exchange of just nine units, Proven Investments closed at $34.50, with a loss of 45 cents and trading 9,813 units, Sagicor Group finished 50 cents lower at $46, after swapping 142,269 shares. Sagicor Real Estate Fund ended at $7.50, with a loss of 44 cents in exchanging 1,420 units, Salada Foods added 50 cents transferring one stock unit and settled at $29.50. Stanley Motta fell 50 cents to $5, after trading 4,500 shares, Supreme Ventures closed 39 cents higher at $15.19, in an exchange of 103,922 units and Victoria Mutual Investments gains 65 cents and ended at $7.95, with 162,480 shares changing hands.
At the close, the JSE All Jamaican Composite Index climbed 4,018.59 points to 420,847.85, the JSE Market Index advanced 3,762.78 points to 383,649.98 and the JSE Financial Index gained 1.12 points to 100.80. The PE ratio of the market ended at 14.5, while the Main Market ended at 14.8 times 2020-21 earnings.
The average trade for the day was 2,430,656 units at $4,524,674 for each security traded, in contrast to 537,645 units at an average of $4,192,993 on Thursday. The average volume and value for the month to date ended at 475,543 units at $3,077,280 for each security changing hands, compared to 369,670 units with an average of $2,994,834. Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
Jamaica Stock Exchange gained $1.57 and ended at $22.57, exchanging 105,212 shares, Kingston Properties dropped $1.50 to finish at $4.80, after swapping 40,000 stock units, Kingston Wharves climbed $2.99 to $57.99 transferring 9,590 units. Mayberry Investments lost 40 cents to end at $5.60 trading 14,908 units, Palace Amusement shed another $100 to close at $1,100, in an exchange of 83 units, Salada Foods gained 50 cents swapping 191,208 shares and closed at $29. Scotia Group advanced by $1 to $46, with 17,902 stock units changing hands, Stanley Motta picked up 80 cents to settle at $5.50, after transferring 31,500 stock units, Supreme Ventures gained 30 cents exchanging 40,864 stock units and closed at $14.80 and Sygnus Credit Investments ended trading at $17.32, after rising 36 cents and swapping 7,512 units.
At the close, the JSE All Jamaican Composite Index declined by 1,262.37 points to 416,829.26, the JSE Market Index fell 1,326.12 points to 379,887.20 and the JSE Financial Index lost 0.90 points to 99.68. The PE ratio of the market ended at 14.4, while the Main Market ended at 14.6 times 2020-21 earnings.
The average trade for the day was 537,645 units at $4,192,993 each, in contrast to 419,045 units for $3,608,829 on Wednesday. The average volume and value for the month to date amount to 369,670 units valued at $2,994,834 for each security changing hands, compared to 361,176 units with an average value of $2,930,932. Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
MPC Caribbean Clean Energy tumbled $16 to $160 trading 1,501 units, NCB Financial Group climbed $1.01 to end at $148, with 476,923 shares changing hands. 138 Student Living gained 81 cents and transferred 71,160 stock units in closing at $7.50, Palace Amusement dived $100 to end at $1,200 trading 144 units, Sagicor Group rose 39 cents to $46.40 exchanging 34,761 stock units. Sagicor Real Estate Fund added 84 cents to finish at $7.94, with 600 units changing hands, Seprod climbed $1.39 to close at $54.95, in trading 141,419 shares and Supreme Ventures slid $1.20 transferring 1,674,041 shares and closed at $14.50.
138 Student Living boasted an eye-popping turnaround in its profit before interest and taxes of 262 percent for the quarter and 588 percent for the six months to March 2020. The company recorded a profit before tax and finance cost of $137 million for the March quarter and $396 million for the six months. Profit after tax ended at $87 million for the March 2020 quarter versus a loss of $45 million in the prior year’s second quarter, for the half-year, profit after tax climbed to $270 million compared to a loss of $44 million in the 2019 period.
Earnings per share came out at 21 cents for the quarter and 65 cents for the six months and should end the fiscal year higher, but profits from the continuing business will be far less than the half-year numbers indicate.
At the close, the JSE All Jamaican Composite Index advanced by 6,794.20 points to 420,824.34, the JSE Market Index climbed 6,322.58 points to 383,687.12 and the JSE Financial Index gained 1.80 points to 100.87.
Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
NCB Financial Group slipped to $147.49, with a loss of 51 cents with 321,990 shares changing hands, 138 Student Living closed 31 cents lower at $6.69, after exchanging 408 units, Palace Amusement declined by $100 to end at $1,200, with a transfer of just 10 units. Proven Investments closed 51 cents lower at $35.99, transferring 12,181 stock units, Sagicor Group rose 80 cents to $45.80, with 36,265 stock units changing hands, Salada Foods advanced by $4 to $30 trading only one unit. Scotia Group fell by $2.21 to $44.79, in transferring 40,568 stock units, Seprod gained $1 to end at $54, in exchanging 36,296 stock units and Supreme Ventures ended 95 cents lower at $15, with 572,803 shares crossing the exchange.
Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
Mayberry Jamaican Equities picked up 60 cents to end at $10, with a transfer of 3,252 units, MPC Caribbean Clean Energy declined by $19 trading 511 units and closed at $151. NCB Financial Group advanced $8 to $148, with 494,118 shares changing hands, 138 Student Living closed 75 cents lower at $7, after swapping 88,036 stock units, Palace Amusement clawed back $200 to advance to $1,300, after trading 88 units. Proven Investments climbed $2 to finish at $36.50, with 11,045 units crossing the exchange, Sagicor Group traded 39,346 stock units at $45, after gaining 40 cents, Scotia Group advanced by $3 to $47, in transferring 155,397 shares. Seprod climbed $2 to $53 exchanging 19,307 units and Wisynco Group ended the day’s trade 32 cents lower at $17.58, in swapping 38,239 stock units.