Stock prices continue to fluctuate in trading on the main market of the Jamaica Stock Exchange ended on Wednesday with the market indices falling following Tuesday’s gains.
At the close of trading, 41 securities changed hands in the main and US dollar markets, up from 37 on Tuesday and ending with 15 advancing, 19 declining and 7 traded firm.
The JSE All Jamaican Composite Index declining 2,362.52 points to close at 560,590.25, the JSE Index dropped 1,985.70 points to 510,251.30 and the JSE Financial Index lost 0.28 points to close at 139.73.
Market activity ended with 172,051,451 units valued at $307,622,863 in contrast to 22,990,176 units valued at $375,090,753 on Tuesday.
Wigton Windfarm dominated trading with 165 million shares for 96 percent of total volume, followed by Sagicor Select Funds with 2.8 million units accounting for 1.6 percent of the day’s trade, Jamaica Broilers Group with 1 million shares for under 1 percent of the market’s trade.
The Market closed with an average of 4,650,039 units valued at an average of $8,314,131 for each security traded. In contrast to 696,672 units for an average of $11,366,386 on Tuesday. 
The average volume and value for the month to date amounts to 1,250,992 units valued at $9,598,525and previously an average of 1,048,146 units valued at $9,679,760 for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 2 with lower offers.
In main market activity, Barita Investments gained $2.50 to close at $74 with 25,594 units traded, Eppley Caribbean Property plummeted by $5 in closing at $32, after exchanging 10,025 shares, Grace Kennedy closed 80 cents higher to settle at $69.80 while trading 21,790 shares, Jamaica Broilers ended at $36.50, losing 49 cents with 1,031,417 shares changing hands. Jamaica Producers added $1.75, settling at $26.25 in trading 2,750 shares, JMMB Group dipped $1 to $41 after exchanging 312,567 shares, Kingston Wharves closed $2.70 lower to $52.50 in trading 37,453 shares. Mayberry Jamaican Equities closed at $12, after gaining 50 cents trading 12,700 shares, NCB Financial slipped by $2.90 to settle at $212 with trading with 14,492 units, 138 Student Living closed at $3.76 with gains of 36 cents in trading 1,000 shares. 
PanJam Investments declined $1.45 while ending at $102.55 after exchanging 17,814 shares, Proven Investments added $2.20 to end the day’s trade at $40 with 6,300 shares changing hands. Sagicor Group closed $1 higher to settle at $70 in trading 54,449 shares, Scotia Group advanced $3.15 to end at $61.15 exchanging 780,883 shares and Seprod ended the day’s trade $2.50 higher to settle at $55.50 with 15,652 units changing hands.
Trading in the US dollar market ended with 46,264 units valued at over US$47,724 with the market index gaining 1.53 points to close at 201.54. Proven Investments traded 11,400 shares, gaining 1 US cent to close at 27 US cents, Sygnus Credit Investments lost 1 US cent to settle at 13 US cents with trades of 9,429 shares, JMMB Group 5.75% preference share ended at US$2 in exchanging 17,935 shares and JMMB Group 6% preference share ended the day’s activity at US$1.01.
Junior Market failed to hold Tuesday’s gains
Trading on the Junior Market of the Jamaica Stock Exchange ended on Wednesday with the market index falling 33.75 points to close at 3,410.22 as rising and falling stocks were almost even.
At the close of market activities, 27 securities changing hands, up from 25 securities changed hands on Tuesday, with prices of 12 securities rising, 10 declining and 5 remaining unchanged as 1,518,650 units valued at $6,262,861 traded, compared to 2,090,635 units valued at $8,975,710 on Tuesday.
Trading ended with an average of 56,246 units at $231,958 for each security traded, in contrast to 83,625 units for an average of $359,028 on Tuesday. The average volume and value for the month to date amounts to units 1,076,790 valued at $2,789,636 and previously 1,134,557 valued at $2,934,410 for each security traded. August ended with an average of 232,398 units valued at $1,072,851 for each traded security.
IC bid-offer Indicator| At the close of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the market, Access Financial gained $5.14 to end at $40 after trading just 300 shares, AMG Packaging closed trading of 3,733 units with a gain of 30 cents to end at $2, Caribbean Cream declined 73 cents in trading of 75,300 units to end at $4.52. Caribbean Flavours ended with 4,041 shares changing hands, after rising 25 cents to end at $13, Caribbean Producers closed 10 cents higher at $4.80, with 20,800 stock units trading, Consolidated Bakeries closed 16 cents higher at $1.86, with 3,300 stock units crossing the exchange, Express Catering ended trading with 9,337 shares, after rising 40 cents to end at $6.40. Everything Fresh closed with a loss of 10 cents at $1.15, in swapping of 99,000 shares, Elite Diagnostic dipped 29 cents in exchanging of 19,462 units at $5.31, Fosrich shed 5 cents in moving of 2,893 units at $4.90, Fontana lost 6 cents trading 108,682 shares to close at $8.39. GWest Corporation exchanged 29,035 units and gained 4 cents to end at $1.15, 
Honey Bun closed 20 cents higher at $6.20, with 100 stock units clearing the exchange, Jamaican Teas declined 35 cents in trading of 63,645 units at $6.15, Jetcon Corporation ended with a loss of 1 cent at $2.09 with 3,135 stock units changing hands. Limners and Bards closed trading of 464,624 units and gained 9 cents to end at $2.60, Lasco Distributors climbed 1 cent, exchanging 117,000 shares at $3.26, Lasco Financial shed 15 cents in trading of 1,220 units at $4.77, Lasco Manufacturing dipped 15 cents in exchanging of 189,539 units at $5.20. Main Event closed 2 cents higher at $5.72, with 1,100 stock units trading, Stationery and Office Supplies traded 7,400 shares, after rising 70 cents to end at $11 and tTech dipped 60 cents with 107,043 units changing hands at $6.
Prices of securities trading for the day are those at which the last trade took place.
5 TTSE stocks rise 5 fall – Wednesday
Trinidad & Tobago Stock Exchange closed on Wednesday with trading in 16 securities against 13 on Monday, with 5 advancing, 5 declining and 6 remaining unchanged, with the market indices moved marginally.
At the close of the market, the Composite Index remained added 0.10 points to land at 1,404.08. The All T&T Index declined 1.59 points to 1,751.48, while the Cross Listed Index gained 0.25 points to close at 143.24.
Trading ended with 160,576 shares at a value of $2,202,699, compared to 1,431,488 shares at a value of $4,229,045 shares on Monday.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with 2 stocks closing with the bids higher than the last selling prices and 5 with lower offers.
Gains|Clico Investment Fund concluded trading with 16,083 units and gained 6 cents in closing at $24.17, First Citizens added 24 cents to close at $40.39, with investors exchanging 4,232 shares, Grace Kennedy advanced 24 cents and settled at $3.50, with 200 units crossing the exchange. JMMB Group rose 5 cents and ended at $2.20, after exchanging 100,450 shares and Sagicor Financial gained 3 cents and closed at $10.25, with 1,480 stock units changing hands.
Losses| CinemaOne lost 70 cents to settle at an all-time low of $7.30, in swapping of 554 shares, NCB Financial declined 15 cents and completed trading at $10.35, with 1,000 units crossing the exchange. 
Point Lisas concluded trading with a loss of 7 cents ended at $3.62, with investors exchanging 14,350 shares, Republic Financial lost 4 cents and settled at $121.96, with 8,198 units and Trinidad & Tobago NGL exchanged 8,925 units and lost 20 cents to close at $25.70.
Firm Trades| Calypso Macro Index Fund traded 1,500 units and closed at $15.50, Guardian Holdings ended at $18.15, after exchanging 790 shares, Prestige Holdings completed trading at $8.10, with investors exchanging 1,580 shares. Scotiabank completed trading at $58.50, with 1,088 units changing hands, West Indian Tobacco settled at $105, with 111 units crossing the exchange and Unilever Caribbean completed trading of 35 units at $24.98.
Prices of securities trading are those at which the last trade took place.
JSE majors closed higher on Tuesday
An equal number of stocks trading on the Jamaica Stock Exchange ended on Tuesday with gains versus those falling but the main market indices ended up from Monday’s close.
At the close of trading, 36 securities changed hands in the main and US dollar markets with 15 advancing, 15 declining and 6 traded firm. Trading ended with the All Jamaican Composite Index climbing 1,858.93 points to close at 562,952.77, the JSE Index gaining 1,709.62 points to 512,237 and the JSE Financial Index added 0.90 points to close at 140.01.
Market activity ended with 22,990,176 units valued at $375,090,753 in contrast to 18,599,441 units valued at $235,193,270 on Monday.
Wigton Windfarm dominated trading with 11.6 million shares for 50 percent of total volume, followed by Sagicor Select Funds with 4.3 million units accounting for 19 percent of the day’s trade, Grace Kennedy with 3.4 million shares for 15 percent of the market’s trades.
The Market closed with an average of 696,672 units valued at an average of $11,366,386 for each security traded, in contrast to 531,413 units valued at an average of $6,719,808 on Monday. 
The average volume and value for the month to date amounts to 1,048,146 units valued at $9,679,760 and previously an average of 1,067,905 units valued at $9,578,929 for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 11 stocks ended with bids higher than their last selling prices and 6 with lower offers.
In main market activity, Berger gained 55 cents to close at $19.55 after trading 5,368 units, Carib Cement exchanged 41,250 units and dropped 50 cents to close at $80, Carreras ended at $8.50 with gains of 55 cents, after 62,773 units changed hands, Eppley Caribbean Property dipped by $1, in closing at $37, after exchanging 19,580 shares. Grace Kennedy closed 75 cents lower to settle at $69 trading 3,454,590 shares, Jamaica Broilers ended at $36.99, having added 99 cents with 169,631 shares changing hands, Jamaica Producers gained $1 and settling at $24.50 with an exchange of 35,826 shares, Jamaica Stock Exchange climbed 99 cents with 174,403 shares crossing the exchange to end at $26.50. JMMB Group plummeted $4 to $42 after exchanging 730,378 shares, Kingston Wharves recovered $3.20 of the $8 loss incurred on Monday to end at $55.20 in trading 7,514 shares. Mayberry Jamaican Equities closed at $11.50, after losing 90 cents trading 6,858 shares, NCB Financial advanced $6.90 to settle at $214.90 with the swapping of 84,773 units, PanJam Investment gained $1.50, ending at $104 after exchanging 10,425 shares, Portland JSX closed at $8.50, with gains of 50 cents after trading 22.200 share. 
Proven Investments added 31 cents to end the day’s trade at $37.80 with 74,758 shares changing hands, Pulse Investments traded 59 cents higher to close at $3.64, after exchanging 27,500 shares, Sagicor Group climbed $2 higher to settle at $69 in trading 87,700 shares, Scotia Group gained 50 cents to end at $58 exchanging 303,352 shares. Seprod ended the day’s trade $1.40 lower to settle at $53 with 27,451 units changing hands, Supreme Ventures lost 50 cents to close at $26.50 exchanging 454,549 shares and Wisynco lost 40 cents, settling at $23 with trades of 308,695 units.
Trading in the US dollar market ended with 27,910 units valued at over US$7,549 with the market index gaining 0.15 points to close at 200.01. Proven Investments traded 24,700 shares to close at 26 US cents, Sygnus Credit Investments closed at 14 US cents after 2,851 shares traded and JMMB Group 5.75% preference shares traded 359 shares to close at US$2.
Junior Market bounces from Monday’s losses
The Junior Market Index jumped 45.19 points to close at 3,443.97 in trading on Tuesday and almost erased the 50 points fall on Monday.
At the close of market activities, the prices of 11 securities advanced, 8 declined and 6 remained unchanged as 25 securities changed hands, down from 29 changing hands on Monday.
Trading close with an exchange of 2,090,635 units valued at $8,975,710 compared to 2,155,083 units valued at $9,679,894 on Monday.
Trading ended with an average of 83,625 units for an average of $359,028 in contrast to 74,313 units for an average of $333,789 on Monday. The average volume and value for the month to date amounts to units 1,134,557 valued at $2,934,410 and previously 1,192,684 valued at $3,076,854 for each security traded. August ended with an average of 232,398 units valued at $1,072,851 for each traded security.
IC bid-offer Indicator| At the close of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 4 with lower offers.
At the close of the market, Blue Power ended with a loss of 1 cent at $8.98 with 1,249 stock units changing hands, Derrimon Trading shed 4 cents trading of 17,370 units to close at $2.40, Express Catering exchanged 19,966 units and gained 40 cents to end at $6, Everything Fresh climbed 25 cents and exchanged 150,107 shares at $1.25. Elite Diagnostic ended trading with 20,774 shares, after rising 29 cents to end at $5.60. Fontana closed with 207,538 units crossing the exchange and gained 40 cents to end at $8.45, General Accident closed 15 cents higher to a 52 weeks’ closing high of $7, with 36,322 stock units trading, GWest Corporation climbed 4 cents and exchanged 57,450 shares at $1.11, Honey Bun lost 50 cents trading 6,569 shares to close at $6.
iCreate ended market activity in exchanging 70,000 shares to close at 72 cents after falling 3 cents, Iron Rock Insurance closed 5 cents higher at $4, with 12,500 stock units trading, Jamaican Teas climbed 40 cents and exchanged 5,350 shares at $6.50, Key Insurance ended trading 1,000 shares, after rising 20 cents to end at $3. Limners and Bards declined 4 cents exchanging 243,826 units at $2.51, Lasco Financial climbed 2 cents after swapping 75,441 shares at $4.92, Lasco Manufacturing dipped 9 cents in trading 28,763 units at $5.35. Main Event ended market activity exchanging 2,452 shares to close at $5.70 after falling 29 cents, Paramount Trading climbed 30 cents and exchanged 15,000 shares at $2 and Stationery and Office Supplies dropped $1.20 in trading of 189,909 units to close at $10.30.
Prices of securities trading for the day are those at which the last trade took place.
Big fall for some main market stocks
Kingston Wharves dropped $8 to close at a record $52 and a record high of $85 in the past 12 months.
Declining stocks dominated trading on the Jamaica Stock Exchange ended on Monday with the prices declining more than three to one with a number of sizeable price movements.
At the close of trading, 37 securities changed hands in the main and US dollar markets with 7 advancing, 23 declining and 7 trading firm. The JSE All Jamaican Composite Index dived 3,897.33 points to close at 561,093.84, the JSE Index dropped 3,616 points to 510,527.38 and the JSE Financial Index lost 1.08 points to close at 139.11.
Main market activity ended with 18,599,441 units valued at $235,193,270, in contrast to 32,896,372 units valued at $273,937,492 from 37 securities on Friday.
Wigton Windfarm dominated trading with 11 million shares for 59 percent of total volume, followed by Sagicor Select Funds with 4.3 million units accounting for 23 percent of the day’s trade and Sagicor Group with 796,501 shares for 4 percent of the market’s trade.
The Market closed with an average of 531,413 units valued at an average of $6,719,808 for each security traded, in contrast to 913,788 units valued at an average of $7,609,375 on Friday. The average volume and value for the month to date amounts to 1,067,905 units valued at $9,578,929 and previously an average of 1,101,922 units valued at $9,772,487 for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ended with bids higher than their last selling prices and 5 with lower offers.
In main market activity, Barita Investments lost $1.50 to settle at $71.50 with 11,376 units traded, Carib Cement exchanged 32,718 units, dropping 49 cents to close at $80.50, Carreras lost 55 cents to end at $7.95 after trading 558,200 units. Eppley Caribbean Property advanced $3, closing at $38, after trading 25,635 shares and hitting a record low of $30 during the day. Jamaica Broilers ended at $36 after climbing $1 with 4,249 shares changing hands, Jamaica Producers declined by $1.50, settling at $23.50 with 6,800 shares traded, Jamaica Stock Exchange lost 49 cents in exchanging 11,962 shares to end at $25.51, Kingston Wharves closed $8 lower to a 52 weeks’ low of $52 in trading 1,747 shares. 
NCB Financial settled at $208, after dropping $6.90 with 622,798 units traded, Proven Investments gained 49 cents to end the day’s trade at $37.49 with 1,953 shares changing hands, Pulse Investments traded 35 cents lower to close at $3.05, in exchanging 27,095 shares. Sagicor Group lost $3 to settle at $67 in trading 796,501 shares, Salada Foods fell $1 to $31, after exchanging just 500 shares, Seprod ended the day’s trade $1.70 lower to settle at $54.40 with 20,647 units changing hands. Supreme Ventures lost $1 to end at $27 exchanging 327,441 shares, Sygnus Credit Investments gained 78 cents after trading 66,897 shares to settle at $23.88 and Wisynco lost 47 cents, settling at $23.40 with trades of 115,428 units.
Trading in the US dollar market ended with 7,162 units valued at over US$1,751 with the market index gaining 2.98 points to close at 199.86. Proven Investments traded 6,644 shares to close at 26 US cents and Sterling Investments added 0.7 of a cent, in settling at a 52 weeks’ high of 4.5 US cents after trading 518 shares.
Access fall sinks Junior Market – Monday
Access Financial Services’ traded at a 52 weeks’ low of $34.85 on Monday.
The Junior Market fall pushed the index to close at 3,398.78 on Monday with 29 securities changing hands, resulting in the prices of 11 securities gaining, 14 declined and 4 remained unchanged.
At the close of trading, 2,155,083 units valued at $9,679,894 passed through the market, compared to 2,702,763 units valued at $10,370,231 with 26 securities changing hands on Friday.
Trading ended with an average of 74,313 units at $333,789 for each security exchanged, in contrast to 103,952 units for an average of $398,855 on Friday. The average volume and value for the month to date amounts to units 1,192,684 valued at $3,076,854 and previously 1,269,357 valued at $3,264,913 for each security traded. August ended with an average of 232,398 units valued at $1,072,851 for each traded security.
IC bid-offer Indicator| At the close of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the market, Access Financial dived $5.14 in trading of 8,824 units to close at a 52 weeks’ low of $34.86. AMG Packaging fell 12 cents in trading of 4,100 units at $1.70, Caribbean Cream climbed 25 cents in exchanging 100 shares at $5.25, Cargo Handlers ended with a loss of 1 cent at $9.50 with 3,338 stock units changing hands. Caribbean Producers shed 10 cents trading of 402,636 units to close at $4.70, Derrimon Trading fell 3 cents with 6,000 units changing hands at $2.44, Express Catering ended market activity in exchanging 1,000 shares to close at a 52 weeks’ low of $5.60 after falling 90 cents, Everything Fresh declined by 26 cents trading 54,100 units to end at $1. Elite Diagnostic dipped 29 cents with 44,524 units crossing the exchange to close at $5.31, Fosrich ended trading with 99,251 shares, after rising 2 cents to end at $4.95, Fontana exchanged 5,390 shares and declined 5 cents to settle at $8.05, General Accident climbed 60 cents in trading 104,600 shares to end at a 52 weeks’ closing high of $6.85. Honey Bun traded 6,719 shares, after rising 30 cents to end at $6.50, iCreate exchanged 10,000 shares to close at 75 cents after falling 2 cents, Iron Rock Insurance fell 5 cents in trading 103,000 units at $3.95, Jamaican Teas climbed 12 cents and exchanged 120,687 shares at $6.10.
Jetcon Corporation climbed 30 cents with 188,632 shares changing hands at $2.10, Knutsford Express ended market activity exchanging 2,750 shares to close at $10.90 after falling 9 cents, Limners and Bards closed 3 cents higher at $2.55, with 252,272 stock units clearing the exchange, Lasco Distributors ended exchanging 126,000 shares to close at $3.25 after falling 23 cents. Lasco Financial traded 95,877 shares, after rising 22 cents to end at $4.90, Medical Disposables climbed 70 cents and exchanged 99,870 shares at $8.80, Main Event ended trading with 150 shares, after rising 34 cents to end at $5.99 and tTech swapped 27,000 shares, after rising 70 cents to end at $6.60. In the junior market preference segment, CAC 2000 dipped 2 cents in trading 18,045 units at $1.08.
Prices of securities trading for the day are those at which the last trade took place.
4 TTSE stocks rise 4 fall – Monday
Trinidad & Tobago Stock Exchange closed on Monday with trading in 13 securities against 16 on Friday, with 4 advancing, 4 declining and 5 remaining unchanged as the market indices moved marginally.
At close of the market, the Composite Index slipped 0.04 points to 1,403.98. The All T&T Index lost 0.14 points to 1,753.07, while the Cross Listed Index gained 0.01 points to close at 142.99.
Trading ended with 1,431,488 shares at a value of $4,229,045, compared to 122,753 shares at a value of $4,229,045 shares on Friday.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with 3 stocks closing with the bids higher than the last selling prices and 3 with lower offers.
Gains| Guardian Holdings added 5 cents in trading just 100 units at $18.15, Massy Holdings increased 44 cents and completed trading of a mere 10 shares at $54.45, National Flour rose 3 cents to end at $1.68, with 1,295 units crossing the exchange and Republic Financial closed with a gain of 15 cents to conclude the swapping of 1,471 shares at $122.
Losses| Clico Investment Fund shed 4 cents and ended at $24.11, with 30,830 stock units changing hands, First Caribbean International Bank closed at $9.25 with 300 stock units changing hands, Trinidad & Tobago NGL exchanged 6,640 units and lost 10 cents to close at $25.90 and West Indian Tobacco dropped 99 cents and concluded at $105, with 25 units.
Firm Trades| Angostura Holdings completed trading at $16, swapping of 5,144 shares, First Citizens settled at $40.15, swapping of 1,878 shares, JMMB Group ended at $2.15, after exchanging 2,000 shares and Sagicor Financial completed trading with 2,397 units at $10.22 and Scotiabank settled at $58.50 in swapping of 2,400 shares.
Prices of securities trading are those at which the last trade took place.
IC TOP 10 relatively stable
Jamaica Broilers announced a new acquisition last week
The Jamaica stock market was impacted last week by fresh share insurances and acquisitions by two IC TOP 10 listed companies.
Investors’ attention was on pumping funds into Barita Investments’ rights issue and QWI Investments’ initial public offering in the past week and led to more muted market activity, with the latter attracting more than 4,000 investors and in excess of $1.5 billion.
Other major developments in the past week were the announcement that TOP 10 BUY RATED General Accident picked up 55 percent of the Trinidad based Motor One Insurance company but investors hardly seem to notice. Another Top 10 listing, Jamaica Broilers announced yet another takeover of a poultry processing plant in the USA. Market activity in the coming week will be further affected with 
Proven Investments selling half of their holdings in Access Financial stock by way of a public offer, at an attractive price of $32 each. Market conditions resulted in just two changes to IC TOP 10 BUY RATED list as CAC 2000 returned to the top 10 Junior Market list, replacing Caribbean Cream and Scotia Group moved back into the main market listing at the expense of Seprod.
Changes in prices left Caribbean Producers with projected gains of 233 percent, followed Iron Rock by with likely gains of 201 percent and tTech with projected gains of 167 percent as the three most attractive Junior Market stocks.
Radio Jamaica closed the week with projected gains of 163 percent as the leading main market stock with the price falling to $1.90 by the end of the week. Berger Paints sits at the number two spot with projected gains of 121 percent as more interest comes in for this stock coupled with reduced selling ahead of the most important quarter coming up when sales exceed all other quarters and Carreras with projected gains of 112 percent.
The main market, closed the week with the overall PE of 16.7 down from 17.7 the previous week and the Junior Market is down to 11.3 from 11.6 based on current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 7.8 compared to 7.7 the previous week and the main market PE slips to 10.4. These levels of PE ratios point to big upside for TOP 10 stocks.
The TOP 10 stocks now trade at an average discount of 31 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 38 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns to March next year. Projected earnings, along with the PE ratio for each company’s current fiscal year are used in determining potential gains. The likely gains are ranked in descending order, with the highest-ranked being the most attractive and moving down the least attractive. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
This report is compiled by persons who may have an interest in the securities commented on.
JSE closed down but most stocks rise
Trading on the main market of the Jamaica Stock Exchange ended on Friday with advancing stocks outnumbering declining ones two to one but the market indices ended down.
At the close of trading, 37 securities changed hands in the main and US dollar markets with 19 advancing, 10 declining and 8 traded firm. The JSE All Jamaican Composite Index lost 257.65 points to close at 564,991.17, the JSE Index dipped 287.95 points to 514,143.38 and the JSE Financial Index closed down 0.42 points at 140.19.
Market activity ended with 36 securities trading and leading to 32,896,372 units valued at $273,937,492 crossing the exchange, in contrast to 127,989,935 units valued at $1,190,939,292 from 36 securities on Thursday.
Wigton Windfarm dominated trading with 18.4 million shares for 56 percent of total volume, followed by Carreras with 8.1 million units accounting for 25 percent of the day’s trade, Sagicor Select Funds with 2.4 million shares for 7 percent of the market’s trade.
The Market closed with an average of 913,788 units valued at an average of 7,609,375 for each security traded, in contrast to 3,555,276 units valued at an average of $33,081,647 on Thursday. The average volume and value for the month to date amounts to 1,101,922 units valued at $9,772,487 and previously an average of 1,115,047 units valued at $9,934,383 for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 5 with lower offers.
In main market activity, Barita Investments advanced $2.35 to settle at $73 with 2,590 units traded, Carib Cement exchanged 10,028 units, adding 99 cents to close at $80.99, Eppley Caribbean Property dropped $1 to end at an all-time low of $35, after trading 310 shares, Eppley gained 80 cents with 1,125 shares changing hands to end at $14. Jamaica Broilers ended at $35 after climbing 50 cents with 1,146,446 shares changing hands, Jamaica Producers advanced $1.25, in settling at $25 with 6,800 shares traded, JMMB Group lost 99 cents, ending the day at $46 after exchanging 67,792 shares, Kingston Wharves closed $1 lower at $60 in trading 16,500 shares. NCB Financial advanced 90 cents to settle at $214.90 with 203,395 units traded, PanJam Investment gained 50 cents in ending at $102.50 after exchanging 15,009 shares, 
Proven Investments lost 50 cents and ending the day’s trade at $37 with 5,940 shares changing hands. Salada Foods climbed $2 to $32, after exchanging 60,276 shares, Scotia Group gained 50 cents to end at $57.50 with trades of 77,639 shares, Seprod advanced $2.59 to settle at $56.10 with 4,900 units changing hands. Supreme Ventures gained 40 cents to end at $28 exchanging 349,173 shares, Sygnus Credit Investments lost 90 cents after trading 13,267 to settle at $23.10 and Victoria Mutual Investments added 50 cents after 401,515 units changed hands to close at $8.
Trading in the US dollar market ended with 53,681 units valued at US$13,759 with the market index slipping 0.64 points to close at 196.88 as Proven Investments the sole trade closing at 26 US cents.
