Main Market slippage Wednesday

Investors pulled back funds entering the Jamaica Stock Exchange Main Market ended on Wednesday, as the volume of stocks traded rose 4 percent, with a 52 percent drop in the value of stocks compared to Friday, with trading ended with an exchange of 59 securities compared to 53 on Friday, with prices of 17 rising, 26 declining and 16 ending unchanged.
A total of 22,138,197 shares were traded for $73,392,960 compared with 21,211,534 units at $157,346,195 last Friday.
Trading averages 375,224 units at $1,243,948, versus 400,218 shares at $2,968,796 on Friday and month to date, an average of 483,007 units at $2,922,292, compared to 489,680 units at $3,026,20 on the previous trading day. November closed with an average of 202,406 units at $1,736,493.
Wigton Windfarm led trading with 12.43 million shares for 56.2 percent of total volume followed by Radio Jamaica with 3.82 million units for 17.3 percent of the day’s trade and Transjamaican Highway with 1.88 million units for 8.5 percent market share.
The All Jamaican Composite Index fell 178.44 points to 384,289.39, but the JSE Main Index popped 169.81 points to 345,133.04 and the JSE Financial Index dipped 0.34 points to close at 82.80.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.4 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments dropped $1.40 to end at $98.60 with 2,566 shares clearing the market, Berger Paints lost $1.41 to end at $9.20 as investors exchanged 3,598 stock units, Caribbean Cement dropped $1.55 ending at $58.45 with a transfer of 57,144 units. Caribbean Producers fell 45 cents to close at $11.30 in switching ownership of 15,880 stocks, Eppley declined 77 cents to $40.22 after a transfer of 597 shares, First Rock Real Estate rose $1 to $14 with the swapping of 378,684 units. GraceKennedy shed $1 in ending at $81 after 12,747 stock units were traded, Jamaica Broilers gained $1.50 in closing at $31 with an exchange of 623,672 stocks, Jamaica Stock Exchange popped 61 cents to close at $15.71 in trading 52,801 stocks. JMMB Group declined 50 cents to $31.60 after exchanging 8,845 stock units, Mayberry Investments advanced 90 cents in closing at $8.90, with 106,593 units crossing the market, NCB Financial dipped 80 cents to $79.20 while trading 11,501 shares. Palace Amusement rallied $196 to end at $1,375 after 767 stocks changed hands, Proven Investments increased $1.90 to $28 as 4,084 units were exchanged, Sagicor Group fell $1.49 to close at $47 as 156,887 shares passed through the market. Scotia Group dropped $2.85 to $32.05 after exchanging 75,345 stock units, Stanley Motta lost 70 cents to close at $4.01, with 29,682 shares changing hands and Sygnus Credit Investments shed 61 cents in closing at $12.39 with investors transferring 8,766 units.
In the preference segmentProductive Business 10.50% preference share shed $50 to close at $1000, with 100 stock units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Main Market Christmas bounce

Trading bounced on the Jamaica Stock Exchange Main Market ended on Friday, with the volume of stocks traded rising 180 percent with a 40 percent higher value than Thursday, following trading in 53 securities down from 58 on Thursday, with prices of 21 rising, ten declining and 22 ending unchanged.
A total of 21,211,534 shares were traded for $157,346,195 compared to 7,586,543 units at $112,182,540 on Thursday.
Trading averaged 400,218 units at $2,968,796, versus 130,802 shares at $1,934,182 on Thursday. Trading month to date, averaged 489,680 units at $3,026,197, compared with 494,948 units at $3,029,578 on the previous day. Trading in November closed with an average of 202,406 units at $1,736,493.
Wigton Windfarm was the lead trade with 13.94 million shares for 65.7 percent of total volume followed by PanJam Investment with 1.72 million units for 8.1 percent of the day’s trade and Sagicor Select Financial Fund with 1.68 million units for 7.9 percent of market share.
The All Jamaican Composite Index rose 3,483.04 points to settle at 384,467.83, the JSE Main Index popped 2,968.49 points to settle at 344,963.23 and the JSE Financial Index rose 1.11 points to settle at 83.14.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.4 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and nonewith a lower offer.
At the close, Barita Investments popped $9 to end at $100, with 17,312 shares crossing the exchange, Berger Paints rallied $2.60 to $10.61 with the swapping of 917 stock units, Eppley increased $5.99 in closing at $40.99 after finishing trading 1,524 units. First Rock Real Estate lost 50 cents to close at $13 1,500 stocks crossing the market, GraceKennedy climbed $1 to $82 and closed with an exchange of 8,337 stocks, Guardian Holdings climbed $15 to $645 as investors exchanged 640 units. Jamaica Broilers advanced 46 cents to  $29.50 while exchanging 74,794 stock units, Mayberry Investments rose 75 cents to $8 with an exchange of 22,100 shares, Palace Amusement dropped $65.99 in closing at $1179 after exchanging 113 units. Proven Investments shed $2.30 in ending at $26.10 21,006 stock units passed through the market, Sagicor Group advanced 89 cents to end at $48.49 after trading 48,096 stocks, Seprod dipped 44 cents in ending at $68.06 with a transfer of 1,008 shares and Supreme Ventures increased $1.20 to close at $30.49 with 117,285 stock units clearing the market.
In the preference segmentEppley 5% preference share popped $1.45 to $22.48, with 2,213 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE Main Market rally ahead of Christmas

Trading fell back to more normal levels on Thursday on the Market activity on the Jamaica Stock Exchange Main Market, with an 89 percent drop in volume of stocks traded and an 85 percent fall in value compared with market activity on Wednesday, after trading of 58 securities compared to 59 on Wednesday, with 19 rising, 16 declining and 23 ending unchanged.
A total of 7,586,543 shares were traded for $112,182,540 versus 68,370,391 units at $766,972,565 on Wednesday.
Trading averaged 130,802 shares at $1,934,182, versus 1,158,820 units at $12,999,366 on Wednesday and month to date, an average of 494,948 units at $3,029,587, compared with 520,032 units at $3,105,033 on the previous day. November closed with an average of 202,406 units at $1,736,493.
Jamaica Broilers led trading with 2.03 million shares for 26.7 percent of total volume followed by Sagicor Select Financial Fund with 958,565 units for 12.6 percent of the day’s trade and Wigton Windfarm, 888,530 units for 11.7 percent market share. The All Jamaican Composite Index fell 1,195.13 points to 380,984.79, the JSE Main Index rallied 1,526.78 points to 341,994.74 and the JSE Financial Index rose 0.71 points to 82.03.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.2 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and one stock with a lower offer.
At the close, Berger Paints dropped $2.72 to close at a 52 weeks’ low of $8.01 while exchanging 2,000 shares, GraceKennedy rose 90 cents to end at $81 with a transfer of 38,131 units, Guardian Holdings climbed $12.56 to $630 with the swapping of 1,253 stocks. Jamaica Broilers fell 95 cents to $29.04 after exchanging 2,027,625 stock units, Mayberry Investments dropped $1.20 in closing at $7.25 after an exchange of 18,192 shares, MPC Caribbean Clean Energy rallied $3 in closing at $83 as investors exchanged 96 stocks. NCB Financial advanced $1.98 to end at $80 with an exchange of 6,908 units, Palace Amusement popped $44.99 to close at $1244.99 with investors transferring 422 stock units, Portland JSX climbed 97 cents in ending at $10.47, with nine shares clearing the market. Proven Investments gained $1.40 to $28.40, with 1,071 units crossing the exchange, Sagicor Group declined 40 cents in closing at $47.60 after trading 252,369 stocks, Scotia Group popped $1.41 to $34.90 after a transfer of 620,050 stock units. Supreme Ventures shed 71 cents in ending at $29.29 with 14,623 units crossing the market and Sygnus Credit Investments gained 96 cents to close at $13 as 5,215 stocks passed through the market.
In the preference segmentJamaica Public Service 9.5% dipped $40 to end at $2960 in switching ownership of two shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading surge for JSE Main Market

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Trading jumped sharply on Wednesday on the Jamaica Stock Exchange Main Market with a surge of 666 percent in the volume of stocks changing hands over Tuesday with a 700 percent jump in funds entering the market than the previous day, after 59 securities were exchanged compared to 57 on Tuesday and ending with prices of 25 rising, 19 declining and 15 ending unchanged.
A total of 68,370,391 shares were traded for $766,972,599 up from 8,931,395 units at $95,827,826 on Tuesday.
Trading averaged 1,158,820 units at $12,999,366, up from 156,691 shares at $1,681,190 on Tuesday and month to date, an average of 520,032 units at $3,105,033 compared to 471,898 units at $2,359,483 on the previous day. Trading in November closed with an average of 202,406 units at $1,736,493.
Radio Jamaica led trading with 40.25 million shares for 58.9 percent of total volume followed by Wigton Windfarm with 13.37 million units for 19.6 percent of the day’s trade, GraceKennedy traded 4.58 million units for 6.7 percent of the market trade, Jamaica Broilers settled at 4.46 million units for 6.5 percent of shares traded, Barita Investments chipped in with 1.50 million units for 2.2 percent market share and Sagicor Select Financial Fund had 1.46 million units for 2.1 percent of trading.
The All Jamaican Composite Index gained 2,594.86 points to 382,179.92, the JSE Main Index rose 86.10 points to 340,467.96 and the JSE Financial Index slipped 0.10 points to settle at 81.32.
The PE Ratio, a formula used to ascertain appropriate stock values, averages 14.2 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ending with higher bids than their last selling prices and five with lower offers.
At the close, Berger Paints popped 73 cents in closing at $10.73 after trading 91 shares, Caribbean Cement gained $3.17 to close at $60.17 with a transfer of 5,367 stock units, Caribbean Producers climbed 55 cents to $11.75 after 39,146 stocks crossed the market. Eppley advanced $2.90 in ending at $35 after 328 units were traded, First Rock Real Estate increased 90 cents to end at $13.70 with the swapping of 2,327 units, Guardian Holdings lost $10.56 after ending at $617.44, with 101 shares crossing the exchange. Jamaica Broilers rose 99 cents to end at $29.99 in exchanging 4,458,470 stock units, Jamaica Stock Exchange dipped 70 cents in closing at $15.10 as 4,480 stocks passed through the market, Mayberry Investments rallied $1.45 to close at $8.45 in an exchange of 31,281 stock units. NCB Financial shed 98 cents to a 52 weeks’ low of $78.02 as investors exchanged 96,216 shares, Palace Amusement dropped $190 to end at $1200 after an exchange of 887 units, Proven Investments declined $1.48 to close at $27 with investors transferring 15,830 stocks. Seprod fell $1.25 in closing at $68.50, with 10,735 stock units crossing the market and Sygnus Credit Investments dipped 46 cents in ending at $12.04 after a transfer of 5,281 shares.
In the preference segmentEppley 7.25% preference share shed $2.83 in ending at $17.17 after an exchange of  799 stocks, Productive Business Solutions 9.75% preference share gained $5 in closing at $107 after trading just six stocks and Transjamaican Highway 8% fell 45 cents to $1.75 with an exchange of 67,330 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Main Market up but prices mostly fall

More money entered the Jamaica Stock Exchange Main Market on Tuesday, than Monday and ended with the volume of stocks traded rising 28 percent from a 46 percent increase in the value of shares trading as 57 securities were traded compared to 61 on Monday, with a mere 11 rising, 30 declining and 16 ending unchanged.
Investors traded 8,931,395 shares for $95,827,826 up from 6,957,337 units at $65,589,778 on Monday.
Trading averaged 156,691 units at $1,681,190, versus 114,055 shares at $1,075,242 on Monday and month to date, an average of 471,898 units at $2,359,483 versus 496,646 units at $2,412,737 on the previous day. November closed with an average of 202,406 units at $1,736,493.
Wigton Windfarm led trading with 4.57 million shares for 51.2 percent of total volume, followed by Jamaica Broilers with 1.11 million units for 12.4 percent of the day’s trade and Transjamaican Highway with 924,773 units for 10.4 percent market share.
The All Jamaican Composite Index gained 27.39 points to end at 379,585.06, the JSE Main Index rallied 1,715.42 points to 340,381.86 and the JSE Financial Index advanced 0.93 points to settle at 81.42.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.1 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Producers fell 79 cents in closing at $11.20 as investors exchanged 37,966 shares, Eppley declined $6.88 to end at $32.10, with 684 stocks clearing the market, First Rock Real Estate dropped $1.18 to close at $12.80 with a transfer of 7,000 stock units. Guardian Holdings jumped $118 after ending at $628 and finished with an exchange of 1,549 units, Jamaica Broilers shed $1.99 to $29, with 1,110,205 stock units crossing the exchange, Jamaica Producers dipped 40 cents in ending at $22.50 with the swapping of 2,524 stocks. Jamaica Stock Exchange gained 70 cents to close at $15.80 2,319 units crossing the market, Mayberry Investments lost $1.12 to end at $7 in switching ownership of 13,928 shares, NCB Financial fell $1 in closing at $79 with investors transferring 37,348 shares. 138 Student Living lost 65 cents to end at $5, with 35,284 stocks changing hands, Palace Amusement dropped $60 to end at $1390 in trading 437 units, Portland JSX dropped 98 cents in closing at $9.50 while exchanging 294 stock units. Sagicor Group rallied 50 cents to $48 after a transfer of 163,197 stocks, Scotia Group rose $1.25 to $33.50 after an exchange of 249,922 shares, Stanley Motta advanced 49 cents to close at $5.09 trading 200 stock units and Sygnus Real Estate Finance dipped $1.50 to close at $9.50 in exchanging 1,000 units.
In the preference segmentEppley 7.50% preference share shed $1.15 in closing at $6.60 while 7 units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE Main Market dips

The Jamaica Stock Exchange Main Market closed lower on Monday, with trading in 61 securities compared to 52 on Friday, and ended with 21 rising, 28 declining and 12 ending unchanged with the volume of stocks traded declining 75 percent, with 36 percent lower than on Friday.
Trading ended with 6,957,337 shares for $65,589,778 down from 27,446,351 units at $101,999,333 on Friday.
Trading on Monday averages 114,055 units at $1,075,242 compared with 527,814 shares at $1,961,526 on Friday. For the  month to date, trading averaged 496,646 shares at $2,412,737 down from 531,741 units at $2,535,424 on the previous trading day. November closed with an average of 202,406 units at $1,736,493.
Wigton Windfarm led trading with 2.37 million shares for 34.1 percent of total volume followed by Sagicor Select Financial Fund with 1.10 million units for 15.8 percent of the day’s trade and Transjamaican Highway with 829,965 units for 11.9 percent market share.
The All Jamaican Composite Index dropped 725.84 points to close at 379,557.67, the JSE Main Index dipped 107.55 points to 338,666.44 and the JSE Financial Index rallied 0.09 points to settle at 80.49.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.4 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments popped $1.28 in ending at $91.28 in an exchange of 4,615 shares, Caribbean Cement lost $3.97 to end at $57 after trading 1,954 stock units, Eppley gained $3.48 to $38.98 after five units passed through the market. First Rock Real Estate increased $1.48 in closing at $13.98 in switching ownership of 2,185 stocks, Guardian Holdings shed $65 to close at $510 with an exchange of 1,285 stock units, Jamaica Broilers fell $1.01 in closing at $30.99, with 118,084 shares clearing the market. Jamaica Producers rose 43 cents to $22.90 after an exchange of 5,699 units, JMMB Group rallied $1.34 to $32.34 after trading 64,210 stocks, MPC Caribbean Clean Energy declined $3 to close at $80 as investors exchanged 121 units. Palace Amusement advanced $70 to end at a 52 weeks’ closing high of $1,450 in exchanging 1,359 stock units, Proven Investments climbed $2.47 to $28.48 after 4,437 shares crossed the market, Sagicor Group dipped 50 cents in ending at $47.50 with the swapping of 14,639 stocks.  Supreme Ventures dropped 79 cents to close at $29.70 after a transfer of 4,485 stock units and Wisynco Group advanced 50 cents to $17 after finishing with an exchange of 23,145 shares.
In the preference segmentEppley 5% preference share dropped $1.45 to end at $21.03 with investors transferring 44 units and Productive Business Solutions 9.75% preference share declined $18 ending at $102 while exchanging 350 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Scotia is back in ICTOP10

The Jamaica Stock Exchange had mixed results during the past week, with both the Junior Market and the Main Market closing slightly lower than at the close of the previous week and impacting the listings in varying degrees, resulting in the Main Market’s Scotia Group reentering the TOP10 at the expense of Radio Jamaica, with no Junior Market changes following the listing Regency Petroleum listing on Thursday and rising 75% in two days of trading.

Five Junior Market TOP10 stocks declined between one and 25 percent and just two gained one to 4 percent this past week, while the Main Market 10 had five rising and Three declining. 
In the Junior Market, Elite Diagnostic popped 4 percent to $3.03 as the sole main gaining stock, But Iron Rock Insurance dropped 25 percent to $1.80, followed by Caribbean Cream, down 17 percent and Dolphin Cove 6 percent to $13.35.
In the Main Market, Jamaica Broilers jumped 19 percent to $32, 138 Student Living rose 10 percent to $5.70 and Guardian Holdings followed with a rise of 9 percent to $575, but Key Insurance slipped 9 percent to $3.20.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 5.6, well below the market average of 14. At the same time, the Junior Market Top 10 PE sits at 5.7 versus the market at 12, important indicators of the level of the undervaluation of the ICTOP10 stocks. The Junior Market is projected to rise by 256 percent and the Main Market TOP10, an average now of 270 percent, to May 2023.
The Junior Market has 14 stocks representing 30 percent of the market, with PEs from 15 to 33, averaging 19.5 compared with the above average of the market. The top half of the market has an average PE of 17 and shows the extent of potential gains that lie ahead for the TOP 10 stocks. The situation in the Main Market is similar, with the 17 highest valued stocks priced at a PE of 15 to 105, with an average of 32 and 23  excluding the highest valued ones and 21 for the top half excluding the highest valued stock.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market but not always. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks, helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2023 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

Trading climbs for JSE Majors

Investors increased trading activity on the Jamaica Stock Exchange Main Market on Friday, leading to a near tripling of the volume of stocks traded with a rise of 286 percent, with 77 percent greater value than on Thursday, after an exchange of 52 securities compared to 54 on Thursday and resulting in the prices of 20 rising, 18 declining and 14 ending unchanged.
A total of 27,446,351 shares were traded for $101,999,333, up from 7,115,584 units at $57,605,172 on Thursday.
Trading averages 527,814 shares at $1,961,526 compared with 131,770 shares at $1,066,762 on Thursday. For the month to date, the average trade amounted to 531,741 units at $2,535,424, marginally down from 532,074 units at $2,584,108 on the previous day. November closed with an average of 202,406 units at $1,736,493.
Wigton Windfarm led trading with 22.88 million shares for 83.4 percent of total volume, followed by Jamaica Broilers with 1.91 million units for 6.9 percent of the day’s trade and Transjamaican Highway with 685,748 units for 2.5 percent market share.
The All Jamaican Composite Index lost 1,890.91 points to end at 380,283.51, the JSE Main Index fell 1,031.70 points to 338,773.99 and the JSE Financial Index dipped 0.45 points to close at 80.40.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.2 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows five stocks ended with a bid higher than their last selling prices and seven with lower offers.
At the close, Barita Investments gained $6.50 in closing at $90 after 2,294 shares passed through the market, Caribbean Cement rallied $4.29 to end at $60.97 with investors transferring 2,083 stock units, First Rock Real Estate fell $1 to $12.50 with the swapping of 5,066 stocks. Guardian Holdings gained $10 to close at $575 with investors transferring 1,563 units, Jamaica Broilers advanced $2.98 to $32, with an exchange of 1,906,664 stocks, Jamaica Producers fell 53 cents to $22.47 after trading 6,793 stock units. Jamaica Stock Exchange lost $1.66 in closing at $14.75 after an exchange of 2,838 units, JMMB Group shed $1.15 to end at $31, with 156,970 shares crossing the exchange, Kingston Wharves dipped 40 cents to close at $31 after investors swapped 20,324 stock units. NCB Financial declined $2.50 to $80 after trading 41,132 stocks, 138 Student Living popped 70 cents to $5.70 in trading 185 units, Palace Amusement climbed $25.22 in closing at a 52 weeks’ high of $1380 in an exchange of 2,356 shares. PanJam Investment rose $4.47 to $57.47, trading 3,616 stocks, Proven Investments dropped $1.99 after ending at $26.01, with 500 units clearing the market, Sagicor Group dipped $1 to end at $48 with an exchange of 18,794 stock units. Scotia Group declined 80 cents in closing at $32 after 54,026 shares changed hands, Stanley Motta lost 55 cents at $4.55 after a transfer of 6,688 stocks, Supreme Ventures popped 49 cents to $30.49 in switching ownership of 101,753 stock units. Sygnus Credit Investments rose 45 cents to end at $12.85 as investors exchanged 37,259 units and Sygnus Real Estate Finance advanced 70 cents to close at $11, with 4,695 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Gains for JSE Main Market

The Jamaica Stock Exchange Main Market eked out modest gains when trading ended on Thursday with the volume of stocks traded declining 21 percent and the value 78 percent lower than on Wednesday, after 54 securities were exchanged compared to 56 on Wednesday, with 21 rising, 18 declining and 15 ending unchanged.
A total of 7,115,584 shares were exchanged for $57,605,172 versus 8,969,331 units at $256,955,915 on Wednesday.
Trading averaged 131,770 shares for $1,066,762 against 160,167 stock units at $4,588,498 on Wednesday. Trading month to date averaged 532,074 stock units at $2,584,108 compared with 570,744 units at $2,730,685 on the previous day. November closed with an average of 202,406 units at $1,736,493.
Wigton Windfarm led trading with 3.93 million shares for 55.3 percent of total volume followed by Jamaica Broilers with 631,997 units for 8.9 percent of the day’s trade and Pulse Investments with 544,191 units for 7.6 percent market share.
The All Jamaican Composite Index rose 1,068.13 points to 382,174.42, the JSE Main Index gained 850.19 points to end at 339,805.69 and the JSE Financial Index shed 0.10 points to close at 80.85.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.8 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments dropped $7.40 to $83.50 with 23,627 shares changing hands, Caribbean Cement declined $3.32 to $56.68 after 5,837 units crossed the market, Eppley fell $1.70 in closing at $35.50 in exchanging 1,310 stocks. Eppley Caribbean Property Fund advanced $1.50 to $45 after a transfer of 2,201 stock units, Guardian Holdings jumped $64 to $565 in switching ownership of 1,060 units, Jamaica Broilers shed 98 cents to end at $29.02 in trading 631,997 stock units. Jamaica Stock Exchange advanced $2.29 and ending at $16.41 with the swapping of 10,128 stocks, Key Insurance lost 47 cents to close at $3.20 with investors transferring 6,705 shares, Mayberry Jamaican Equities popped 49 cents to settle at $13.79 in exchanging 1,026 shares. NCB Financial gained 50 cents to close at $82.50 in switching ownership of 16,761 units, 138 Student Living lost 72 cents to finish at $5 with an exchange of 1,191 stocks, Palace Amusement climbed $268.65 ending at a 52 weeks’ high of $1354.78 after transferring 2,228 stock units. PanJam Investment rallied 68 cents to $53 in an exchange of 1,070 stock units, Scotia Group rose 65 cents to end at $32.80 with the swapping of 5,127 shares and Wisynco Group fell 70 cents in closing at $16.20 with 153,229 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Is Santa Claus rally coming for Jamaican stocks?

Stocks slipped at the close of trading on the Jamaica Stock Exchange Main Market on Wednesday but remain well ahead of the average level of trading in November after a 25 percent decline in the volume of stocks traded and the value rising marginally over Tuesday’s outcome from trading in 56 securities compared to 55 on Tuesday and leading to prices of 17 rising, 20 declining and 19 ending unchanged.
A total of 8,969,331 shares were exchanged for $256,955,915 versus 11,990,620 units at $247,055,940 on Tuesday.
Trading averaged 160,167 units at $4,588,498  compared with 218,011 shares at $4,491,926 on Tuesday. Trading month to date averages 570,744 stock units at $2,730,685 compared with 616,454 units at $2,523,851 on the previous day, but well over November’s average of 202,406 units for $1,736,493.
NCB Financial led trading with 2.51 million shares for 28 percent of total volume followed by Wigton Windfarm with 2.10 million units for 23.4 percent of the day’s trade and Ciboney Group with 1.01 million units for 11.3 percent market share.
The All Jamaican Composite Index declined by 2,883.94 points to 381,106.29, the JSE Main Index shed 957.35 points to 338,955.50 and the JSE Financial Index slipped 0.19 points to end at 80.95.
The PE Ratio, a formula used to ascertain appropriate stock values, averages 14.1 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
At the close of trading, the Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and six with lower offers.
At the close, Barita Investments fell 54 cents to $90.90 in trading 4,122 shares, Berger Paints shed 75 cents to end at $10 with 3,283 stock units changing hands, Carreras advanced 77 cents to $8.87 in switching ownership of 120,010 units. Eppley climbed $5.07 in closing at $37.20 with investors trading 5 stocks, Eppley Caribbean Property Fund gained 75 cents to end at $43.50 in an exchange of 4,134 stock units, Guardian Holdings dropped $49 to finish at $501 with 1,709 units crossing the market. JMMB Group dipped 40 cents to $32 after trading 19,588 stocks, Kingston Wharves advanced $1.49 to $31.49 in exchanging 3,038 shares, Mayberry Jamaican Equities fell 51 cents to $13.30 with a transfer of 4,585 stock units. NCB Financial rallied 50 cents to $82 after trading 2,509,445 shares, but only after trading at an intraday 52 weeks’ low of $79. Palace Amusement jumped $264.86 ending at $1,086.13 with the swapping of 2,179 units and has gained 75% since a split announcement, Proven Investments advanced $2 to $28, with 3,674 stocks crossing the exchange. Sagicor Group declined $2 to close at $49 with 26,728 stock units clearing the market,

Supreme Ventures rose 99 cents to $29.99 after a transfer of 156,697 units and Sygnus Credit Investments shed 45 cents in closing at $12.40 with 9,553 stocks changing hands.
In the preference segmentEppley 5% preference share popped $1.45 to close at $22.48 after exchanging 79 shares and Eppley 7.50% preference share gained 51 cents to end at $7.77 in switching ownership of 465 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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