In a paltry trading session on Monday, just $31 million was spent on Main Market stocks listed on the Jamaica Stock Exchange. The market Index recovered back more than 3,000 of the 7,000 plus points lost on Friday as the volume of stocks trading, fell to less than half of Friday’s activity.
At the close, the JSE All Jamaican Composite Index climbed 3,388.85 points to close at 415,051.71, the JSE Market Index advanced 3,133.74 points to 378,597.03 and the JSE Financial Index gained 0.92 points to 98.09. The PE ratio of the market ended at 15, while the Main Market finished at 15.4 times ICInsider.com’s projected 2020-21 earnings.
The market closed with 47 securities changing hands in the Main and US dollar markets, with prices of 25 stocks advancing, 15 declining and seven securities trading firm. The JSE Main Market activity ended with 44 securities accounting for 5,583,023 units valued at a mere $31,456,051, in contrast to 11,604,958 units at $94,333,066 from 39 securities on Friday.
Wigton Windfarm led trading with 2.76 million shares for 49.4 percent of total volume followed by Trans Jamaican Highway with 1.05 million units for 19 percent of the day’s trade and Pulse Investments with 373,033 units for 6.7 percent market share.
An average of 126,887 securities traded on Monday for $714,910, in contrast to 297,563 units at an average of $2,418,797 on Friday. An average of 388,606 units crossed the exchange for the month to date at $6,585,846 for each security changing hands, compared to 406,241 units with an average of $7,008,631. 
The average security traded in May accounted for 475,543 units 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 fourteen stocks ending with bids higher than their last selling prices and eight stocks closing with lower offers.
In the Main Market, Barita Investments gained 30 cents to close at $50.30 trading 14,424 units, Berger Paints picked up 89 cents and ended at $13, after exchanging 1,010 units, Caribbean Cement finished $1.37 lower at $49.60, after a swap of 19,819 stock units. Eppley climbed $1.07 to $17.97 trading 370 units, Jamaica Broilers shed 48 cents to settle at $28.50, with 8,744 units changing hands, Jamaica Producers rose $1.41 to close at $22.41, in transferring 1,000 units. The Jamaica Stock Exchange stock traded 23,358 stock units at $23.49, after gaining 39 cents, 
Kingston Properties rose 40 cents to end at $6.70, with 412 units changing hands, Mayberry Jamaican Equities closed 70 cents lower at $9.80 exchanging 9,219 units. MPC Caribbean Clean Energy jumped by $9 to $174, with 341 units crossing the exchange, NCB Financial Group climbed $4.19 to $143.70, after investors exchanged 29,565 stock units, Proven Investments shed 50 cents to settle at $34, with 5,637 units changing hands. Sagicor Group ended with gains of 50 cents trading 12,659 units and closed at $46.50, Salada Foods declined $2 to finish at $28.50, in transferring 719 units and Wisynco Group gained 41 cents, ending trading at $17.96 with an exchange of 82,286 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Following on from last week when the Junior Main Market rose four out of five trading days, the market rose three days this past week with Thursdays decline being a mere seven points and the market rising 12 points for the week.
The past week closed with the three top Junior Market stocks with the potential to gain between 254 to 698 percent by March 2021 are Caribbean Producers, followed by Lasco Financial and Caribbean Cream that took over from Lumber Depot that was number three last week. In the Main Market, the top three continues to be Radio Jamaica continues to lead, followed by Berger Paints and JMMB Group with expected gains of 170 to 230 percent.
Both the Junior and Main markets are currently trading well below this level. The JSE Main Market ended the week, with an overall PE of 14.3 and the Junior Market at just 9.6, based on 2020-21 earnings. The PE ratio for the Junior Market Top 10 stocks averages a mere 5.7 at just 59 percent to the average of the overall Junior Market. The Main Market TOP 10 stocks trade at 8.6 or 60 percent of the PE of the overall market.
The ranking of stocks is in order of likely increases, with the highest-ranked, being the most attractive. The ranking of stocks is in order of likely increases, with the highest-ranked, being the most attractive. Expected values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Revisions to earnings per share are ongoing, based on receipt of new information.
At the close of trading, the JSE All Jamaican Composite Index dived 7,074.36 points to 411,662.86, the JSE Market Index dropped 6,402.83 points up to 375,463.29 and the JSE Financial Index lost 2.57 points to 97.17.
The average volume and value traded for the month to date amount to 406,241 units at $7,008,631, in contrast to 
JMMB Group dropped by 70 cents after ending at $33.30, with 57,156 shares changing hands, Kingston Wharves rose $1.27 to end at $57.27 in trading 616 units, Mayberry Investments advanced 35 cents in ending at $6 after swapping 128,733 units. Mayberry Jamaican Equities climbed 90 cents to settle at $10.50 trading 110,500 units, NCB Financial Group lost 52 cents to end at $139.51 trading 158,913 units, Pan Jam Investment advanced by $2 to settle at $75 with 432,418 stock units crossing the exchange. Proven Investments dropped $1.35 to end at $34.50 with a transfer of 22,266 shares, Sagicor Group climbed $1 to $46 after exchanging 27,292 stock units, Salada Foods gained 50 cents in closing at $30.50 trading 7,383 shares and Scotia Group shed $3.41 to close at $43.08 exchanging 112,216 stock units.
The JSE Main Market activity ended with 41 securities accounting for 13,973,559 units valued at $676,293,640, in contrast to 19,992,087 units valued at $1,058,928,831 from 37 securities on Wednesday.
Jamaica Stock Exchange closed with 50,959 shares changing hands after losing 90 cents to close at $22.50, JMMB Group gained 85 cents and ended at $34, with an exchange of 92,797 shares, Kingston Wharves climbed $3 to $56, with 2,238 units crossing the exchange. NCB Financial Group declined by $2.47 and closed at $140.03, having traded 3,887,398 shares, Palace Amusement added $100 to finish at $1,900 in transferring 10 units, PanJam Investment fell $1 to $73, with investors switching ownership of 7,384 units. Proven Investments gained 35 cents to settle at $35.85 while exchanging 6,728 units, Sagicor Group ended with a loss of $1.30 trading 37,214 stock units and closed at $45 and Salada Foods added 50 cents and finished at $30, after swapping 260 units.
At the close, the JSE All Jamaican Composite Index advanced by 4,752.87 points to 417,477.58, the JSE Market Index climbed 4,332.12 points to 380,725.82 and the JSE Financial Index gained 2.18 points to 99.84. The PE ratio of the market ended at 14.7, with the Main Market ending at 15.0 times ICInsider.com projected 2020-21 earnings.
The securities trading on Tuesday resulted in an average of 540,327 units for $28,619,698, in contrast to 420,433 units at an average of $2,352,280 at the close, Tuesday. The average volume and value for the month to date amount to 418,319 units at $6,613,270, compared to 409,897 units with an average of $4,965,016 on Tuesday. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
Jamaica Broilers lost $1.40 and ended at $26.60, after transferring 43,707 shares, Jamaica Stock Exchange picked up 40 cents in with 3,890 units changing hands and closed at $23.40, JMMB Group finished at $33.15, with a loss of 37 cents after exchanging 31,008 shares. Kingston Wharves fell $4 to $53, with 18,686 stock units crossing the exchange, Mayberry Jamaican Investments closed at $9.50, after shedding 50 cents transferring 55,006 shares, Palace Amusement closed $100 higher at $1,800 trading 68 units. Sagicor Group gained $1.30 to settle at $46.30, with exchanging 6,596 units, Salada Foods closed $2.99 higher at $29.50, in swapping 2,208 units, Scotia Group climbed $2.50 to $46.50, with a transfer of 6,266 units and Seprod advanced by $2.99 to $52.99, in trading 22,244 stock units.
At the close, the JSE All Jamaican Composite Index declined by 582.32 points to 412,724.71, the JSE Market Index shed 520.97 points to 376,393.70 and the JSE Financial Index lost 0.33 points to 97.66. The PE ratio of the market ended at 14.7, while the Main Market ended at 15.0 times ICInsider.com projected 2020-21 earnings.
The average volume for the month to date amounts to 409,897 units at $4,965,016 for each security changing hands, compared to 409,048 units with an average of $5,195,213. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
JMMB Group shed 48 cents with 349,918 shares changing hands to end at $33.52, Kingston Wharves finished $1.98 lower at $57, with an exchange of 7,949 units. MPC Caribbean Clean Energy dropped $5 to close at $165, trading 1,052 units, NCB Financial Group gained 53 cents after swapping 84,261 shares to settle at $142.50, Proven Investments shed 48 cents to close at $35.50, with 2,158 units changing hands. Sagicor Group closed $1.50 lower after transferring 115,506 shares to end at $45 and Seprod dropped $3 to settle at $50 in trading 110,922 shares.
Securities trading on Monday, averaged 401,316 units at $1,930,884, in contrast to 576,109 units valued at an average of $4,671,864 on Friday. The average volume and value for the month to date amount to 409,048 units valued at $5,195,213 for each security changing hands, compared to 409,744 units with an average value of $5,519,274. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
Jamaica Stock Exchange rose 50 cents after transferring 47,598 stock units to settle at $23, Kingston Wharves climbed $1.98 to $58.98, in trading 19,979 units, Mayberry Investments closed at $5.70, with gains of 38 cents and 8,103 units changing hands. MPC Caribbean Clean Energy advanced $1 to $170, after exchanging just four units, Palace Amusement closed $200 lower at $1,700, with 37 units crossing the exchange, PanJam Investment dropped $1 trading 12,304 units to finish at $74. Portland JSX traded 9,000 units at 7.90, after losing 53 cents, Proven Investments advanced by $1.28 to $35.98, with 39,763 stock units changing hands, Sagicor Group closed 30 cents higher at $46.50 trading 19,744 units. Salada Foods gained 51 cents transferring 150 units to settle at $26.51, Scotia Group lost $1 to end at $44, in swapping 73,374 shares and Wisynco Group shed 30 cents transferring 375,093 shares and closed at $17.50.
There was no change to the TOP 10 Main Market this past week.
The retail loan portfolio increased 11 percent over the prior year and included a 14 percent increase in mortgages. The growth in loans is the most critical factor in determining likely gains in profit going forward.
The PE ratio for Junior Market Top 10 stocks averages a mere 5.7 at just 61 percent to the average of the overall Junior Market. The Main Market TOP 10 stocks trade at 8.6 or 62 percent of the PE of the overall market.
The market closed with 44 securities changing hands in the Main and US dollar markets with prices of 17 stocks advancing, 16 declining and 11 securities trading firm. The JSE Main Market activity ended with 41 securities accounting for 23,620,498 units valued at $191,546,437, in contrast to 10,464,179 units valued at $256,434,655 from 38 securities on Thursday.
Other stocks trading more than one million units are Carreras with 1.1 million units and Grace Kennedy with 1.6 million shares.
Caribbean Cement gained 30 cents swapping 38,277 stock units and closed at $49.50. Eppley Caribbean Property Fund ended at $40, with gains of 50 cents with 4,184 units changing hands, Jamaica Stock Exchange lost 52 cents and settled at $22.50, after trading 223,160 shares, MPC Caribbean Clean Energy declined by $1 to $169, with 550 units crossing the exchange. NCB Financial Group fell $1.59 to $142, having swapped 194,677 stock units, Proven Investments climbed $2.70 to $34.70, in transferring 41,066 shares, Sagicor Real Estate Fund closed $1 higher at $8 trading 206,150 shares. Scotia Group rose $1.80, exchanging 151,670 shares to end at $45 and Sygnus Credit Investments closed 45 cents higher at $17.45, after a swap of 6,818 units.
At the close, the JSE All Jamaican Composite Index climbed 2,590.28 points to 415,371.58, the JSE Market Index gained 2,375.74 points to 378,773.43 and the JSE Financial Index gained 1.09 points to 98.77. The PE ratio of the market ended at 14.6, with the Main Market ending at 14.9 times IC Insider.com projected 2020-21 earnings.
The average security trading on Thursday amounted to 275,373 units at $6,748,280, in contrast to 192,661 units valued at an average of $2,181,619 on Wednesday. The average volume and value for the month to date amount to 393,268 units valued at $5,612,672 for each security changing hands, compared to 405,183 units with an average of $5,483,471. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
Jamaica Producers lost 80 cents closing at $21.05, after swapping 113,603 units, Jamaica Stock Exchange fell 91 cents to $23.02, with an exchange of 7,261 units, Kingston Wharves closed rose $1.04 to $57, after 4,399 units changed hands. MPC Caribbean Clean Energy climbed $11 trading just one stock unit at $170, NCB Financial Group rose $3.59 to close at $143.59, with 258,736 shares crossing the exchange, Proven Investments declined by $1.65 to $32, in exchanging 64,206 stock units. Sagicor Real Estate Fund lost 75 cents and closed at $7, after transferring 155,396 shares, Scotia Group dropped $3.99 to finish at $43.20, after trading 421,231 shares and Seprod fell 60 cents to $53, in transferring 94,887 shares.