The Main Market of the Jamaica Stock Exchange got clobbered again on Friday with investors slashing more than 7,000 points off the All Jamaican Composite Index, but the end may be in sight as the index hits support at the close.

The end may be in sight for the big losses for the JSE Main market as it closed at support level on Friday.

Friday’s index loss brings the total for the week and month to date to 55,391 points or 10.5 percent. The decline for the year to date reached 15.3 percent while the market fell 110,366.3 points or 18.9 percent since peaking in August last year.
At the close, the JSE All Jamaican Composite Index dropped 7,274.07 points to close at 474,331.40, the JSE Market Index dived 6,632.94 points to 432,053.03 and the JSE Financial Index lost 0.22 points to 118.11.
The market closed with 45 securities changing hands in the Main and US dollar markets with the prices of 9 advancing, 31 declining and five ending unchanged. At the close, three stocks closed at 52 weeks low, while three traded at 52 weeks’ intraday low.
The JSE Main Market activity ended with 41 securities accounting for 28,587,236 units for $124,299,870 in contrast to 58,534,158 units valued at $293,293,547.76 from 42 securities on Thursday.
Wigton Windfarm was the lead traded with 10.2 million shares for 35.6 percent of total volume, followed by Sagicor Select Financial Fund with 9.3 million units for 32.4 percent of the day’s trade and Sagicor Select Manufacturing and Distribution Fund with 3.9 million units for 13.6 percent market share.
The Market closed with an average of 697,250 units at $3,031,705 for each security traded, in contrast to 1,393,670 units valued at an average of $6,983,180 on Thursday. The average volume and value for the month to date amount to 734,052 units valued at $4,928,837 for each security changing hands compared to 924,613 units valued at $5,408,975 for each security traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows seven stocks ending with bids higher than their last selling prices and four closing with lower offers. The PE ratio of the market ended at 16.9, while the Main Market ended at 16.1 times 2019 earnings.
In the prime market, Barita Investments ended at $63.51, after losing $1.49 in exchange for 32,443 shares, Berger Paints closed $2 lower to a 52 weeks’ low of $11, in transferring 3,043 units, Caribbean Cement dropped $7 to close at $58, with 21,365 stock units changing hands. Eppley Caribbean Property Fund rose $2.50 to end at $40, in swapping 160 shares, First Rock gained 73 cents to settle at $10.75 trading 9,237 units, Jamaica Broilers ended at $29, with a loss of $3.10 exchanging 62,597 shares. Jamaica Stock Exchange closed $1.05 lower to $26.50, in swapping 115,570 stock units. Kingston Wharves ended the day’s trade at 52 weeks low of $43, with a loss of $5 in trading 20,082, NCB Financial Group advanced $11 to $180, after transferring 124,379 shares, 138 Student Living gained 45 cents to close at $6.75, with 140 units changing hands, PanJam Investment dropped $1.99 to $94, after transferring 23,203 shares. Portland JSX Fund lost 55 cents trading 4,000 units to finish at $8.95, Proven Investments declined by $2.47 to $38.52, after swapping 31,864 stock units, Pulse Investments shed $1 to end at $9, with an exchange of 138,888 shares. Sagicor Group lost 50 cents, ending the day at $60.60, with 188,479 stock units traded, Salada Foods closed with a loss of 50 cents at $28.50 in swapping 535 units. Scotia Group ended at $50, after losing 50 cents in transferring 112,800 stock units, after it traded down to an intraday 52 weeks’ low of $40. Seprod declined by $3 exchanging 69,800 shares to close at $42, Supreme Ventures lost 30 cents to end at a 52 weeks’ low of $19.70, with an exchange of 211,976 units, Sygnus Credit Investments lost $2.35 to close at $18.15 while transferring 455,294 shares. Victoria Mutual Investments shed 70 cents to end at $6.80, in trading 382,192 stock units and Wisynco Group closed $1.90 lower to $18.10 in exchanging 439,672 shares.
Trading in the US dollar market ended with 251,573 units accounting for US$52,113. The market lost 5.32 points to close at 211.79. First Rock gained half of one cent to close at 8 US cents trading 88,754 shares, Productive Business Solution ended at 74 US cents, with a loss of 1 cent after exchanging 100 units. Proven Investments lost 1 cent to finish at 28 US cents, after swapping 160,484 shares and Sygnus Credit Investments lost 1 cent to settle at 17.5 US cents, with 2,235 shares changing hands.

Prices of securities trading for the day are those at which the last trade took place.

The Jamaica Stock Exchange Main Market on Tuesday suffered the biggest fall of the market index in the JSE 50 year history as nervous investors cut 8.7 percent of the value of stocks since the commencement of the year.
At the close, the JSE All Jamaican Composite Index plunged 14,424.69 points to close at 511,165.47. The previous biggest fall in the JSE Composite index was 12,616.74 points on October 18, 2018. The JSE Market Index nose-dived 13,201.50 points to 465,317.12 and the JSE Financial Index dropped 3.55 points to 125.59.
The market closed with 44 securities changing hands in the Main and US dollar markets with the prices of 15 advancing, 21 declining and 8 trading firm. The JSE Main Market activity ended with 41 securities accounting for 29,930,856 units valued at $203,577,617 in contrast to 32,117,425 units valued at $138,131,956 from 41 securities on Monday.
Sagicor Select Financial Fund dominated trading with 11.1 million shares for 37 percent of total volume, followed by Wigton Windfarm with 8.9 million units for 30 percent of the day’s trade and Sagicor Select Manufacturing and Distribution Fund with 3.6 million units for 12 percent of the market’s volume. The only other stock trading more than one million shares, was Wisynco Group, with 1.7 million units.
The Market closed with an average of 767,458 units valued at an average of $5,219,939 for each security traded, in contrast to 783,352 units valued at an average of $3,369,072 on Monday. The average volume and value for the month to date amount to 775,604 units valued at $4,271,370 for each security changing hands. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows eleven stocks ending with bids higher than their last selling prices and five closing with lower offers. The PE ratio of the market ended at 18.1, while the Main Market ended at 17.4 times the 2019 earnings.
In the Main Market, Barita Investments advanced $2 to $68, in trading 12,797 shares, Berger Paints closed $2.25 higher to $15, in transferring 700 units, Caribbean Cement dived $6.50 to end at $65, with an exchange of 213,258 shares, Eppley Caribbean Property Fund shed $4.49 to close at $37.51, in swapping a mere 9 units. First Rock Capital lost 65 cents and closed at its lowest level since listing in late February at $9.25, after it traded at a new low of $8.50, earlier in the day. The stock closed trading with 131,575 shares changing hands. Grace Kennedy gained $1.93 to finish at $67.92, after transferring 66,535 shares, Jamaica Broilers shed $1.50 to end at $34.50, with 399,300 shares changing hands. Jamaica Producers lost 86 cents trading 126,071 shares and closed at $21.14. Jamaica Stock Exchange settled at $26.51, with a loss of 99 cents with 716,481 stock units crossing the market, JMMB Group ended at $42.28, with gains of $1.53 after transferring 367,626 shares, Kingston Wharves closed $2 higher to $53, with 7,243 shares traded. Mayberry Investments lost 31 cents to end at $7.60, exchanging 21,212 units, PanJam Investment finished 99 cents lower trading 60,990 to close at $99, Proven Investments dropped $3.50 to settle at $44.50, in transferring 8,583 units, Pulse Investments lost 45 cents to close at $11, after swapping 85,736 shares. Sagicor Group shed $1.50 to end at $65, with an exchange of 167,791 shares. Sagicor Real Estate Fund closed at $9.85, with gains of 35 cents while trading 20,603 stock units, Scotia Group ended at $54.01, after losing 49 cents and transferring 92,235 shares, Sterling Investments ended at $3, with a loss of 60 cents as 71,000 shares crossed the exchange. Supreme Ventures climbed $1.35 to settle at $22.35, in swapping 153,799 shares, Sygnus Credit Investments lost 50 cents to finish at $24.50, after trading 30,562 units and Victoria Mutual Investments gained 45 cents to end the day’s trade a $8.50, with 188,051 shares changing hands.
Trading in the US dollar market ended with 65,482 units valued at over US$14,632. The market lost 0.34 points to close at 220.79. First Rock Capital lost 1.9 cents after trading 9,921 units at a new low of 8 US cents, JMMB Group 6% preference share exchanged 520 units at US$1, Proven Investments closed at 29 US cents, with 28,291 units changing hands. Sterling Investments swapped 790 units at 2.85 US cents and Sygnus Credit Investments closed at 18 US cents, with a loss of 1.5 cents after trading 25,960 shares.

Prices of securities trading for the day are those at which the last trade took place.

Investors drove the majority of stock prices down on the first trading day for March with declining stocks beating out advancing ones three to one and pulling the Main Market down just over 6 percent for the year.
At the close, the JSE All Jamaican Composite Index plummeted 4,132.06 points to close at 525,590.16, the JSE Market Index tumbled 3,791.47 points to 478,518.62 and the JSE Financial Index lost 1.47 points to 129.14.
The market closed with 45 securities changing hands in the Main and US dollar markets with the prices of ten advancing, 30 declining and five trading firm. The JSE Main Market activity ended with 41 securities accounting for 32,117,425 units valued at $138,131,956 in contrast to 61,902,088 units valued at $374,112,515 from 42 securities on Friday.
Sagicor Select Financial Fund dominated trading with 20.3 million shares for 63 percent of total volume, Wigton Windfarm followed with 6.1 million units for 19 percent of the day’s trade and Wisynco Group with 1.3 million units for 4.2 percent market share.
The Market closed with an average of 783,352 units valued at an average of $3,369,072 for each security traded, in contrast to 1,473,859 units valued at an average of $8,907,441 on Friday. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows twelve stocks ending with bids higher than their last selling prices and four closing with lower offers. The PE ratio of the market ended at 18.3, while the Main Market ended at 17.6 times the 2019 earnings.
In the prime market, Barita Investments lost 50 cents in closing at $66, with an exchange of 10,807 shares, Berger Paints ended at a 52 weeks’ low of $12.75, after losing $1.25 in transferring 1,238 stock units, Caribbean Cement dropped $6.49 to settle at $71.50, in swapping 19,413 units. Eppley Caribbean Property Fund slid $4 to $42 trading 1,699 shares, First Rock Capital fell $2.10 to a 52 weeks’ low of $9.90, with 102,462 stock units changing hands, Grace Kennedy slipped $2.01 to $65.99, exchanging 44,838 units. Jamaica Broilers shed $3.70 to end at $36 in transferring 66,313 stock units, Jamaica Producers gained $1 to close at $22 after trading 54,510 shares, Jamaica Stock Exchange dived $4.10 to $27.50, after swapping 601,102 stock units. JMMB Group ended at $40.75, with a loss of $3.80 in exchanging 234,108 shares, Kingston Wharves closed $2.03 lower to $51, in transferring 27,387 units. Mayberry Jamaican Equities lost 59 cents to end at $10.85, in swapping 10,000 stock units, NCB Financial shed $2 to end at $182 trading 56,333 units, 138 Student Living gained of 62 cents to $6.85, with and 8,056 stock units changing hands. PanJam Investment closed 49 cents higher to $99.99, with 125,859 shares traded, Portland JSX lost $1.30 to finish at $9.70, after exchanging 9,139 units, Proven Investments lost $1 to settle at $48, in trading 6,763 stock units. Pulse Investments gained 35 cents to close at $11.45, in swapping 66,358 shares, Sagicor Group lost 50 cents to end at $66.50, with an exchange of 42,533 shares, Sagicor Real Estate Fund closed at $9.50, with a loss of 35 cents after trading 120,731 shares. Salada Foods finished 75 cents higher after swapping 100 units and closed at $35. Scotia Group ended at $54.50, with gains of 50 cents in transferring 7,975 shares, Seprod declined by $2.59 to $51.41, with 38,386 shares changing hands, Stanley Motta lost 74 cents to close at $4.86 in trading 17,700 shares, Sterling Investments jumped 69 cents and ended at $3.60, after exchanging 556,975 shares. Supreme Ventures lost 50 cents to settle at $21, in swapping 100,761 shares, Sygnus Credit Investments shed 94 cents to finish at $25, after transferring 36,384 shares, Victoria Mutual Investments dropped $1.20 to $8.05, trading 221,309 shares and Wisynco Group lost 43 cents to end the day’s trade of 1,334,069 shares at $22.67.
Trading in the US dollar market ended with 102,077 units for US$27,973. The market lost 7.02 points to close at 221.13. First Rock Capital lost 2.1 cents in exchanging 5,000 units at an all-time low of 9.9 US cents, Proven Investments lost 2 cents to end at 29 US cents, with 91,928 units changing hands. Sterling Investments gained 0.01 cent after swapping 1,086 units to close at 2.85 US cents and Sygnus Credit Investments closed at 19.5 US cents, with a loss of 2.5 cents in trading 4,063 shares.

Prices of securities trading for the day are those at which the last trade took place.

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.