Paramount Q1 profit inches higher

Paramount Trading continues to struggle to return to its glory days in netting profit of $15 million for the August quarter, just four percent more than the $14.7 million generated corresponding period in 2019, from revenues that inched up to $362 million from $360.5 million in 2019.

Paramount lubricant factory.

The company is involved in the importation and distribution of chemicals, lubricants and other related products and processes chlorine, bleaches and lubricants.
Direct expenses fell 3 percent from $254 million in 2019 to $246 million resulting in gross profit growing nine percent to $116 million from $106 million in 2019.
Other income dropped from $10 million to $5 million, a reduction the Chairman attributed to exchange rate movement. Administrative, selling and distribution expenses grew marginally, from $88.9 million in 2019 to $89.3 million in 2020. The effect, profit before finance cost climbed 20 percent from $25.3 million in 2019 to $30.3 million. Net finance costs also jumped 51 percent for the period, moving from $8.6 million in 2019 to $12.9 million as the company increased borrowings.
Profit peaked in 2017 and declining since, as costs incurred in anticipation of expanded revenues from new business outpaced revenue increases. While the business has expanded into the manufacturing of lubricants, chlorine processing into smaller packages and bleach, revenues have not kept pace with cost increase, resulting in depressed profit and ultimately pushing borrowings upward to help with funding expansion.

Paramount Lubricant plant.

The situation is compounded by the closure of the Alpart Alumina plant and sugar factories, entities that consume produce sold by the company.
Gross cash flow from operating activities brought in $29 million. Inventories fell by $149 million compared to May year-end to $535 million, but amounts provided by creditors fell $147 million, while credit provided to customers rose by $22 million. Current assets ended the period at $901 million, including receivables of $292 million and cash and bank balances of $71 million as well as inventories. Current liabilities rounded out at $413 million. The company also held investments of $138 million at the end of the quarter. At the end of August, shareholders’ equity stood at $810 million, with borrowings at $524 million.
The company reported earnings per share came of a mere one cent for the quarter compared to 0.9 of a cent for the corresponding quarter in 2019. For the fiscal year to May 2020 and EPS was just 3.4 cents. ICInsider.com forecasts 8 cents per share for the full year resulting in a PE Ratio of 21 times 2021 earnings based on the price of $1.70 the stock last traded at on the Junior Market of the Jamaica Stock Exchange.
In its annual report for the just concluded financial year, the company reported that “during the new financial year, the Company will continue to build out its productive capacity. We have capitalized our lubricant plant and installed the packaging line. Renovation activities already started on the bleach and chlorine plants will continue in the new financial year. We have also expanded into manufacturing sanitation products and will widen the product base over time. Our main drivers in the short term will be the revenue we will derive from our new products, the expansion of our offerings in the Bleach division, and our continued pursuit of contract manufacturing in our Lubricant division”.

Stocks gained on the JSE Main Market

More stocks rose than fell on the Jamaica Stock Exchange Main Market when trading ended on Friday, with the market rising after an exchange of 49 percent more shares, costing just 13 percent more than on Thursday.
At the close, the All Jamaican Composite Index advanced by 738.24 points to 412,694.72. The Main Index rose 489.74 points to 376,431.65 and the JSE Financial Index gained 0.54 points to settle at 99.48.
Trading ended with 47 securities changing hands compared to 48 on Thursday and closed with the prices of 18 stocks rising, 19 declining and 10 remaining unchanged. The average PE Ratio ended at 15.6 based on the ICInsider.com forecast of 2020-21 earnings.
The market closed with an exchange of 53,049,972 shares for $75,272,612 compared to 35,657,782 units at $66,458,232 on Thursday. Wigton Windfarm led trading with 56.7 percent of total volume with 30.06 million shares, followed by Radio Jamaica with 37.7 percent accounting for 20.03 million units and Sagicor Select Financial Fund with 2.2 percent or 1.19 million shares.
Trading ended with an average of 1,128,723 units changing hands at $1,601,545 for each security, in comparison to an average of 742,870 shares at $1,384,547 on Thursday. The average trade for the month to date ended at 427,526 units at $5,067,972 for each security,in contrast to 376,667 units at $5,319,395. Trading for the month to date is well above September’s average of 265,170 units at $3,271,625.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows 8 stocks ending with bids higher than their last selling prices and five with lower offers.
At the close of the market, Caribbean Cement climbed $3.46 to close at $45.96, trading 3,358 shares, Eppley shed 51 cents to end at $17.50, with 35,000 stock units changing hands, First Rock Capital closed at $12.34, with a loss of 55 cents after investors swapped 6,343 stock units. Key Insurance lost $1 to settle at $7.50, trading 272,882 shares, Kingston Wharves declined by $3.39 to close at $44.60, with 664 units crossing the exchange, Mayberry Investments shed 58 cents in exchanging 15,208 stock units and closed at $5.42. Mayberry Jamaican Equities ended at $7.60, with gains of $1.10 trading 35,292 shares, MPC Caribbean Clean Energy fell $24 to $145, in an exchange of 96 units, NCB Financial gained 47 cents to settle at $136.50, after the transfer of 19,767 shares. Palace Amusement climbed $10 to $1,480 in trading just one unit, Portland JSX gained 80 cents to close at $9, with 602 stock units crossing the market, Proven Investments lost 62 cents in the exchange of 3,811 units to finish at $38. Sagicor Group closed $2.35 higher at $46.40, with 10,789 stock units changing hands, Salada Foods dropped $6 to $20, trading 5 units, Scotia Group climbed $2.43 to close at $48.44, with an exchange of 1,242 units. Seprod dipped $1.48 to $58.50 in trading 89,547 shares and Sterling Investments gained 47 cents to end at $3.80 in trading 1,000 units.

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

Big drop in JSE USD market

The US dollar market of the Jamaica Stock Exchange closed trading on Friday, with the market declining after a massive increase of 8,204 percent more shares traded than on Thursday as Proven Investments dominated with 1.4 million shares.

Proven Investments traded the most stocks on Friday.

Five securities changed hands similar to Thursday, with the price of one rising, two declining and two remaining unchanged at the close of the market.
The JSE USD Equities Index plunged 14.16 points to 177.06, with the average PE Ratio ending at 13.1 based on the ICInsider.com forecast of 2020-21 earnings.
The market closed with an exchange of 1,635,494 shares, accounting for US$294,978  compared to just 19,696 units at US$9,715 on Thursday.
The average trade for the day amounted to 327,099 units changing hands at  US$58,996,  in contrast to an average of 3,939 shares at US$1,943  on Thursday. Trading ended with an average of  928,771  units for the month to date at US$20,204, in contrast to 982,492 units at US$16,740. By comparison, September ended with an average of  84,017 units for US$10,590.
At the close of trading, the Investor’s Choice bid-offer indicator reading shows two stocks ending with bids higher than its last selling price and none with lower offers.
At the close of the market, First Rock Capital Investment settled at 9 US cents, with an exchange of 1,316 shares Margaritaville closed at 15 US cents, after trading 1,290 units, Proven Investments lost half a cent to end at 26 US cents, clearing the market with 1,420,731 shares. Sygnus Credit Investments closed at 13.08 US cents, with a loss of four-tenths of a cent ending as investors swapped 5,792 stock units and Transjamaican Highway lost one-tenth of a cent end at 0.93 of a US cent, in exchanging 206,365 shares.

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

Junior Market down this week

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Market activity ended with 63 percent fewer shares trading on Friday than on Thursday on the Junior Market of the Jamaica Stock Exchange, but the market index gained as rising stocks edged out those that fell, leaving the overall market down for the week.
Seventy-five percent or 33 of listed stocks traded, compared to  35 on Thursday and ended with the prices of 15 stocks rising, 11 declining and seven closing with prices remaining unchanged.
At the close, the  Junior Market Index carved out a gain of 18.65 points to settle at 2,467.78. The average PE Ratio ended at 10.8 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 1,839,376 shares for $4,361,132 compared to 4,929,572 units at $9,632,353 on Thursday. Tropical Battery led trading with 25.1 percent of total volume with an exchange of 462,122 shares, followed by AMG Packaging with 15.8 percent of the day’s trade or 291,010 units and Mailpac Group with 13.7 percent for 251,531 shares.
Trading ended with an average of 55,739 units at $132,156 in contrast to 140,845 at $275,210 on Thursday. For the month to date, the average trade resulted in an exchange of 258,843 units at $553,962, in comparison to 272,356 units at $582,026 on Thursday. Trading in September ended with an average of 119,171 units at  $249,355.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, AMG Packaging fell 25 cents to finish at $1.60 with 291,010 shares changing hands, Blue Power dropped 41 cents to $3.07 in an exchange of 1,656 units, Caribbean Assurance Brokers advanced 16 cents to $1.83, with 1,167 stock units passing through the market. Caribbean Cream lost 4 cents to close at $4.86 trading 8,667 units, Caribbean Flavours declined 7 cents to $1.75 with investors switching ownership of 76,958 units, Caribbean Producers slipped 5 cents to $2.20 with an exchange of 28,377 shares. Derrimon Trading lost 2 cents to end at $2.48 with 24,525 stocks changing hands, Elite Diagnostic gained 8 cents to close at $3.14 with 326 stock units passing through the market, Everything Fresh rose 1 cent to finish at 71 cents with investors transferring 1,428 stock units. Express Catering increased by 9 cents to settle at $3.15 with 17,666 stocks changing hands Fontana declined 3 cents and traded 231,577 stock units to end at $4.97, General Accident climbed 36 cents to close at $6.50 with an exchange of 23,960 stocks. GWest Corporation slipped 1 cent to finish at 90 cents with 13,939 units passing through the market, iCreate gained 10 cents to settle at 70 cents with investors switching ownership of 2,000 stock units, Indies Pharma advanced 17 cents to end at $2.85 with 371 units changing hands. Iron Rock Insurance added 1 cent to close at $2.51, with an exchange of 13,282 units, ISP Finance jumped $2.49 to finish at $18.50 trading 204 units, Jamaican Teas declined 11 cents to $4.89 with 88,260 shares traded. Jetcon Corporation increased 9 cents to end at 89 cents with investors transferring 9,000 stock units, Lumber Depot gained 6 cents to close at $1.10 with 128,808 shares changing hands, Mailpac Group rose 4 cents in an exchange of 251,531 stock units to settle at $1.99. Main Event advanced 70 cents to finish at $3.70, with 2,955 stocks passing through the market, Medical Disposables climbed 35 cents to end at $4.25 with 4,033 shares traded. Stationery and Office Supplies declined 3 cents to close at $4.97, with investors switching ownership of 1,598 stocks and  Tropical Battery lost 4 cents to settle at $1.19 with 462,122 shares crossing the exchange.
In the preference segment, Derrimon Trading preference shares gained 1 cent to finish at $2.05 with 100 units changing hands.

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

Trading plunged on TTSE

Trading plunged on Friday, with an exchange of 91 percent fewer shares than on Thursday as the value of stocks changing hands dived 97 percent on the Trinidad and Tobago Stock Exchange as just 7 securities traded, down from 14 on Thursday.
Trading resulted in 49,373 shares for $239,933 compared to 552,641 shares valued $9,388,509 on Thursday. Two stocks advanced, four declined and only one remained unchanged.
The average trade for the day amounted to 7,053 units at $34,276 versus an average of 39,474 units at $670,608 for each security on Thursday. For the month to date, the average trade amounts to 15,556 shares at $300,202 compared to 15,847 units at $309,327 on Thursday, exceeding the outturn for September with an average of 12,021 shares for $174,137.
The T&T Composite Index shed 1.40 points to 1,308.34, the All T&T Index fell by 2.78 points to end at 1,760.19, while the Cross Listed Index remained unchanged at 115.76.
The Investor’s Choice bid-offer indicator shows the bids of three stocks higher than their last selling price and ten with lower offers.
Stocks rising│First Citizens rose by 50 cents to $45, trading 419 units and National Flour picked up 15 cents to close at $2, with an exchange of 29,580 shares.
Stocks declining│One Caribbean Media shed 30 cents to finish at 52 weeks’ low of $4.50 after trading 2,000 shares, Prestige Holdings lost 1 cent exchanging 66 units to settle at $7.49. Unilever Caribbean ended at $16.80, with a loss of 15 cents trading 422 units and West Indian Tobacco lost 1 cent to close at $33.44, with 3,644 stock units changing hands.
Stocks trading firm│ JMMB Group ended the day at $1.80, trading 13,242 shares.

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

Wigton Windfarm dominates trading

The Jamaica Stock Exchange Main Market ended trading on Thursday, with the market declining after an exchange of 53 percent more shares valued 78 percent less than on Wednesday as Wigton Windfarm accounted for just under 90 percent of the day’s volume.

Wigton closed at anew high of $1

Wigton traded nearly 90% of shares on Thursday.

At the close, the All Jamaican Composite Index declined by 2,930.79 points to 411,956.48, the Main Index dropped 2,537.24 points to 375,941.91, while the JSE Financial Index lost 0.64 points to settle at 98.94.
Trading ended with 48 securities changing hands compared to 44 on Wednesday and closed with the prices of 17 stocks rising, 25 declining and six remaining unchanged. The average PE Ratio ended at 15.5 based on the IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 35,657,782 shares for $66,458,232  compared to 23,292,101 units at $301,807,924 on Wednesday. Wigton Windfarm led trading with 89.9 percent of the total volume of 32.07 million shares, followed by Sagicor Select Financial Fund with 1.8 percent for just 658,539 units and Transjamaican Highway with 605,527 units for 1.7 percent market share.
Trading ended with an average of 742,870 units changing hands at $1,384,547 for each security, compared to an average of 529,366 shares at  $6,859,271 on Wednesday. The average trade for the month to date ended at 376,667  units at $5,319,395 for each security, in contrast to  347,371 units at $5,634,183. Trading month to date is well ahead of September’s average of 265,170 units at $3,271,625.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows seven stocks ending with bids higher than their last selling prices and five with lower offers.
At the close of the market, Caribbean Cement fell $1.50 to settle at $42.50, in clearing the market with 19,755 shares, Eppley shed 99 cents to end at $18.01 trading 3,000 units, Jamaica Broilers rose $1.98 to $27.98, with 49,510 shares passing through the market. Jamaica Stock Exchange gained 65 cents to close at $18.15, in an exchange of 5,405 stock units, Key Insurance fell $1.10 to $8.50 after clearing the market with 581,674 stock units, Kingston Properties climbed $1.25 to $7.50 after trading 237 units. Margaritaville climbed $4.83 to settle at a 52 weeks’ high of $37.04 after an exchange of 906 shares, Mayberry Jamaican Equities shed 90 cents, clearing the market with 10,444 stock units to end at $6.50, NCB Financial traded at $136.03, with a loss of 47 cents after 6,827 units passed through the market. Palace Amusement added $20 to close at $1,470 in an exchange of 37 units,  Proven Investments settled at $38.62, after losing $1.38 with 14,591 stock units changed hands, Salada Foods gained 90 cents to close at $26, with an exchange of 14,663 stocks. Scotia Group lost 31 cents and ending at $46.01, with 41,370 shares changing hands, Seprod dropped $7 to $59.98, trading 187,632 shares, Sygnus Credit Investments lost 50 cents to close at $18, trading 135,856 units and Wisynco Group gained 60 cents after exchanging 40,127 shares to settle at $16.60.
In the preference segment of the Main Market, JMMB Group 7% lost 32 cents to end at 52 weeks’ low of $1.35, in an exchange of 58,000 shares and Productive Business Solutions 9.75% preference share closed at $101, with a loss of $1 trading 60 units.

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

Junior Market ekes a rise on Thursday

The Junior Market of the Jamaica Stock Exchange closed on Thursday, with the market squeezing out a meager of 5.22 points in the market Index to settle at 2,449.13 as an equal number of stocks rose and fell after trading 40 percent more shares than on Wednesday.
Like Wednesday, trading ended with 35 securities changing hands on Thursday and concluded with 15 stocks rising, the prices of 15 declining and five with prices remaining unchanged.
At the close, the average PE Ratio ended at 10.3 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 4,929,572 shares for $9,632,353 compared to 3,515,236 units at $8,677,144 on Wednesday. Tropical Battery led trading with 23.1 percent of total volume, with 1.14 million shares, followed by AMG Packaging with 21.6 percent, with an exchange of 1.07 million units and Iron Rock Insurance with 14.4 percent and 708,211 shares.
Trading ended with an average of 140,845 units at $275,210 compared to 100,435 at $247,918 on Wednesday. For the month to date, the average trade resulted in an exchange of 272,356 units at $582,027 compared to 282,340 units at $605,321  on Wednesday. Trading in September concluded with an average of 119,171  units at $249,355.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows four stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of the market, Access Financial climbed $2.83 to end at $21.84 in an exchange of 4,000 shares, AMG Packaging advanced 20 cents, trading 1,065,494 units to finish at $1.85, Blue Power increased 9 cents to settle at $3.48 with investors transferring 30,910 shares. Caribbean Assurance Brokers dropped 13 cents to close at $1.67 with 2,748 stocks passing through the market, Caribbean Cream lost 10 cents to end at $4.90 with 5,290 stock units changing hands, Caribbean Flavours gained 11 cents to finish at $1.82 in an exchange of 427,773 shares. Caribbean Producers rose 5 cents to settle at $2.25 with investors switching ownership of 48,738 shares, Derrimon Trading dropped 18 cents to close at $2.50 with 170,380 stock units passing through the market, Express Catering ended  6 cents higher at $3.06 with 7,800 stocks changing hands. Fosrich fell 5 cents to settle at $3.15, with 3,050 shares traded,  General Accident shed 86 cents to finish at $6.14 with the transfer of 9,723 units iCreate lost 10 cents to settle at 60 cents with 3,400 units passing through the market. Iron Rock Insurance slipped 1 cent, exchanging 708,211 stocks to close at $2.50, ISP Finance shed $2.44 to settle at $16.01 with 4,800 units changing hands, Jamaican Teas climbed 13 cents to end at $5 with 50,649 stock units traded. Jetcon Corporation gained 2 cents to finish at 80 cents with investors switching ownership of 27,328 stock units, KLE Group declined 32 cents to close at a 52 weeks’ low of $1.10 with 9,000 units passing through the market, Knutsford Express jumped $1.03 to end at $6.74 with 7,833 units changing hands. Lasco Distributors advanced 14 cents to finish at $3.15 with an exchange of 44,587 units,  Lasco Financial gained 2 cents to settle at $2.07 with 5,589 stocks traded, Lasco Manufacturing fell 8 cents to close at $3.37 with investors transferring 25,072 units. Limners and Bards dropped 17 cents to end at $2.33 with 95,783 stock units trading, Lumber Depot finished 1 cent higher at $1.04 with 275,023 units changing hands, Mailpac Group dipped 4 cents to settle at $1.95 with an exchange of 571,731 units. Medical Disposables shed 65 cents to close at $3.90 with investors switching ownership of 1,045 shares, SSL Venture rose 9 cents to end at 59 cents with 200 units changing hands, Stationery and Office Supplies advanced 15 cents to finish at $5 with 1,700 units passing through the market. Tropical Battery gained 3 cents, trading 1,139,241 shares to settle at $1.23 and tTech dropped 90 cents to close at $5.50 with 1,363 shares crossing the exchange.
In the preference segment, Derrimon Trading lost 1 cent to end at $2.04 with 2,555 units changing hands.

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

Slightly improved JSE USD trading

The US dollar market of the Jamaica Stock Exchange closed trading on Thursday, with the market declining moderately after trading 2,381 percent more shares than on Wednesday, resulting in more stocks falling than rising. 
At the close of the market, trading ended with five securities changing hands compared to two on Wednesday and closed with the price of one stock rising, two declining and two remaining unchanged.
The JSE USD Equities Index declined by 1.24 points to 191.22, with the average PE Ratio ending at 12.9 based on the ICInsider.com forecast of 2020-21 earnings.
The market closed with an exchange of 19,696  shares, accounting for US$9,715 compared to 794 units at US$454 on Wednesday. The average trade for the day amounted to 3,939 units changing hands at US$1,943, in contrast to an average of 397 shares at US$227 on Wednesday. Trading ended with an average of 982,492 units for the month to date at  US$16,740, in contrast to 1,078,429 units at US$18,191. By comparison, September ended with an average of 84,017 units for US$10,590.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows three stocks ending with bids higher than the last selling prices and none with lower offers.
At the close of the market, First Rock Capital Investment gained one-tenth of a cent and closed at 9 US cents, after exchanging 9,051 shares, Margaritaville closed at 15 US cents, trading 906 units. Proven Investments lost half a cent, to close at 26.5 US cents, with 1,000 stock units changing hands and Sygnus Credit Investments closed at 13.5 US cents, in exchanging 739 units.
In the preference segment of the market, JMMB Group 6%  shed 13 US cents to settle at US$1.05, with 8,000 stock units changing hands.

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

Increased trading on TTSE

Trading resulted in 177 percent more shares changing hands with values rising 16 percent on the Trinidad and Tobago Stock Exchange on Wednesday than Thursday, in large part due to Guardian Holdings, the dominant trade.
The market closed with 14 securities trading, similar to Wednesday, and closed with five stocks advancing, three declining and six remaining unchanged. Trading resulted in 552,641 shares for $9,388,509 compared to 199,471 shares valued $8,074,531 on Wednesday.
The average trade for the day amounted to 39,474 units at $670,608 versus an average of 14,248 units at $576,752 for each security on Wednesday. For the month to date, the average trade amounts to 15,847 shares at $309,327 compared to 14,106 units at $282,706 on Wednesday. In contrast, September closed with an average of 12,021 shares for $174,137.
The T&T Composite Index rose 1.51 points to 1,309.74, the All T&T Index lost 0.67 points to end at 1,762.97, while the Cross Listed Index gained 0.51 points to close at 115.76.
The Investor’s Choice bid-offer indicator ended with the bids of three stocks higher than their last selling price and nine with lower offers.
Stocks rising│ JMMB Group gained 5 cents trading 53,753 shares to close at $1.80, Massy Holdings ended at $59, after gaining 50 cents in transferring 115 units, NCB Financial closed 5 cents higher at $8, with 58,000 shares crossing the market. Scotiabank rose 45 cents to $55.45 in an exchange of 290 units and Trinidad and Tobago NGL picked up 1 cent to settle at $15.01 trading 18,195 stock units.
Stocks declining│First Citizens Bank slipped 50 cents to $44.50, after exchanging 799 units, Guardian Holdings lost 9 cents to finish at $19.10, in transferring 296,363 shares, with a value of $5,663,064 and Grace Kennedy ended at $3.55, with a loss of 5 cents trading 30,000 shares.
Stocks trading firm │Clico Investments exchanged 23,409 stock units at $25.20, National Flour traded at $1.85, with 8,192 shares changing hands, One Caribbean Media held firm at $4.80, in transferring 150 units. Republic Financial Holdings closed at $141.75, with an exchange of 70 units, Unilever Caribbean traded 200 units at $16.95 and West Indian Tobacco closed at $33.45 after 63,105 shares changed hands.

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

More gains for JSE Main Market

The Jamaica Stock Exchange Main Market ended trading on Wednesday, with the market rising marginally after more stocks declined than rising in an exchange of 455 percent more shares, with a 757 percent rise in value than on Tuesday.
At the close, the All Jamaican Composite Index gained 35.98 points to 414,887.27, the Main Index rose 193.22 points to 378,479.15, while the JSE Financial Index shed 0.39 points to settle at 99.58.
Trading ended with 44 securities changing hands compared to 42 on Tuesday and closed with the prices of 14 stocks rising, 21 declining and nine remaining unchanged. The average PE Ratio ended at  15.3 based on the IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 23,292,101 shares for $301,807,924  compared to 4,197,312 units at $35,206,443 on Tuesday. Wigton Windfarm led with 41.4 percent of total volume, trading 9.65 million shares, followed by Jamaica Broilers with 35.4 percent as 8.25 million units traded, Sagicor Select Financial Fund with 6.5 percent after 1.52 million units changed hands and Transjamaican Highway accounting for 4.8 percent with 1.12 million units.
Trading ended with an average of 529,366 units at $6,859,271 for each security compared to an average of 99,936 shares at $838,249 on Tuesday. The average trade for October to date ended at 347,371 units at $5,634,183 for each security, in contrast to 332,968 units at $5,537,233. Trading month to date is well up on  September’s average of 265,170 units at $3,271,625.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows 8 stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Berger Paints gained 55 cents to settle at $12.30, exchanging 63 shares, Caribbean Cement fell $1.01 to $44, trading 39,214 units, Eppley rose $1 to $19, with 38,500 stocks crossing the market. First Rock Capital gained 71 cents to close at $12.89, with 57,770 shares passing changing hands, Jamaica Broilers slid 90 cents to $26, in exchanging 8,253,792 stock units, JMMB Group finished at $29.73, with gains of 85 cents and ending, with 39,190 shares crossing the market. Kingston Properties fell $1.25 to $6.25 after finishing with 3,970 stock units changing hands, Mayberry Jamaican Equities shed 40 cents to close at $7.40, in trading 12,734 stock, MPC Caribbean Clean Energy rose $29 to $169 after trading 100 units. NCB Financial Group declined $1.50 in closing at $136.50, with an exchange of 139,361 shares, Palace Amusement lost $39 and closed at $1,450, trading 15 units, Proven Investments dropped $1.25 to end at $40, in an exchange of 9,400 stock units. Sagicor Group fell $1.79 to $44.11 trading 22,550 shares, Scotia Group dropped $2.18 to $46.32, in trading 3,235 units, Seprod climbed $8.48 to a 52 weeks’ closing high of $66.98 after hitting a new high of $70, with investors swapping 149,833 shares after the company reported a big increase in nine months profit and Supreme Ventures lost 38 cents to end at $14.52, in trading 16,842 stock units.

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