Lower trading pushes Main Market down


Trading dropped hard on Tuesday on the Jamaica Stock Exchange Main Market ended, with the volume of stocks traded declining 50 percent and the value 47 percent lower than on Monday, with the lower demand putting pressure on the majority of the 59 securities that traded, down from 62 on Monday, resulting in the prices of 16 stocks rising, 32 declining and 11 unchanged as the market closed with Scotia Group closing at a 52 weeks’ high, while VM Investments and Eppley Caribbean Fund traded at 52 weeks’ lows.

The market closed with a mere 5,969,741 shares trading for a measly $34,563,641 down from 11,953,622 stocks at $65,051,577 on Monday.
Trading averaged just 101,182 shares at a mere $585,824 per company, from 192,800 stocks at $1,049,219 on Monday and month to date, an average of 217,104 units at $1,969,859 compared with 233,664 shares at $2,167,578 on the previous day and October with an average of 205,025 stock units at $2,311,672.
Wigton Energy led trading with 1.66 million shares for 27.8 percent of total volume followed by Transjamaican Highway with 1.27 million units for 21.3 percent of the day’s trade and Pulse Investments with 524,138 stock units for 8.8 percent market share.
The All Jamaican Composite Index declined 801.66 points to wrap up trading at 361,462.74, the JSE Main Index dropped 2,000.45 points to settle at 314,353.67 and the JSE Financial Index popped 0.21 points to finish at 64.89. The Investor’s Choice bid-offer indicator shows 12 stocks ending with bids higher than their last selling prices and three with lower offers.

The Main Market ended with an average PE Ratio of 13.9. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close of market activity, AS Bryden gained $2.90 to finish at $34 with 7 shares changing hands, Eppley fell 40 cents and ended at $32.50 after investors exchanged 1,964 stocks, Eppley Caribbean Property Fund lost $6.85 to close at a 52 weeks’ low of $30.15 with a transfer of 4,417 shares. General Accident sank 54 cents to $6 with 341,750 stock units traded at close, Guardian Holdings dropped $1 to end at $314 as 671 shares switched ownership, Jamaica Producers shed $1.89 in closing at $20.10 after a transfer of 6,554 units. Massy Holdings sank $7 to $74 with 2994 stocks traded, MPC Caribbean Clean Energy rose $12.50 to finish at $88 with an exchange of 374 stock units, Proven Investments climbed 93 cents and ended at $18.83 with 30,570 shares crossing the market. Sagicor Group increased $1.01 to close at $39.11 after an exchange of 5,248 units, Scotia Group popped $1 to end at a 52 weeks’ high of $48 with investors swapping 39,310 stocks, Seprod rallied 50 cents to close at $84.50 with 17,933 stock units clearing the market and Sygnus Real Estate Finance dipped $1.01 to $11.49 in an exchange of 2,369 shares.

In the preference segment, Jamaica Public Service 7% skidded $4.40 and ended at $40.50 with an 21 units crossing the market and 138 Student Living preference share advanced $22.51 to finish at $264 with investors trading 11 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Falling Trinidadian stocks edges out risers


Stocks mostly declined on the Trinidad and Tobago Stock Exchange on Tuesday, with trading of 24 securities up from 15 on Monday and ended with prices of six stocks rising, nine declining and nine ended firm, including 2 stocks closing at 52 weeks’ high and two at 52 weeks’ lows after the volume of stocks traded declined moderately and the value fell 15 percent from that of Monday.

The market closed with an exchange of 324,518 shares at $2,825,843 compared to 330,482 stock units at $3,340,673 on Monday.
An average of 13,522 shares were traded at $117,743 compared with 22,032 units at $222,712 on Monday, with trading month to date averaging 33,396 shares at $155,095 compared with 37,274 units at $162,380 on the previous day and an average for October of 39,057 shares at $305,306
The Composite Index fell 0.99 points to close at 1,039.52, the All T&T Index shed 3.22 points to settle at 1,562.08, the SME Index remained unchanged at 88.01 and the Cross-Listed Index popped 0.19 points to close at 67.23.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s skidded 5 cents to $62.45 with investors swapping 4,819 stocks, Angostura Holdings remained at $16 in an exchange of 81 shares, Ansa McAl gained $1 to finish at a 52 weeks’ high of $60 with just one stock unit crossing the market, Ansa Merchant Bank slipped 25 cents in closing at $41 in trading a mere 2 shares. Calypso Macro Investment Fund lost 40 cents to end at $23.60 after 500 units changed hands. CIBC Caribbean Bank ended at $7.06 with a transfer of 150 shares, First Citizens Group ended at $40.41 with an exchange of 3,880 stocks, GraceKennedy remained at $3.70 with 25 stock units crossing the market, Guardian Holdings popped 10 cents and ended at $13.60 in switching ownership of 1,000 shares. Guardian Media climbed 14 cents to end at $1.49 after trading of 50 stocks, JMMB Group rose 1 cent in closing at $1.03 with 100,810 units clearing the market, Massy Holdings sank 13 cents to close at $3.67 with investors dealing in 129,075 stock units. National Enterprises remained at $2.70 with 1,115 shares changing hands, National Flour Mills shed 5 cents in closing at $1.65 after an exchange of 3,876 units, NCB Financial ended at $2.15 after 50,000 stocks passed through the market. One Caribbean Media lost 25 cents and ended at $2.75 after a transfer of 692 stock units, Point Lisas declined 9 cents to close at $3.11 with 1,776 shares crossing the exchange, Prestige Holdings rallied 49 cents to finish at a 52 weeks’ high of $11.50 with traders dealing in 4,903 stock units. Republic Financial fell $1.50 and ended at a 52 weeks’ low of $113.50 after an exchange of 11,789 units, Scotiabank dropped 8 cents to $57.02 with investors trading 3,031 stocks, Trinidad & Tobago NGL increased 10 cents in closing at $4.60 in an exchange of 300 units. Trinidad Cement remained at $2.61 with investors trading 28 stocks, Unilever Caribbean ended at $11 as investors exchanged 6,500 shares and West Indian Tobacco remained at $6 with 115 stock units crossing the market.

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

Big dive in Junior Market trading


Trading activity closed on the Junior Market of the Jamaica Stock Exchange Tuesday, with an 80 percent drop in the volume of stocks traded, with an 87 percent dive in value, with no stock filling the gap left by Dolla Financial that controlled 90 percent of trading on Monday, with trading ending with activities in 45 securities, down from 47 on Monday and ending with prices of 15 rising, 22 declining and eight closing unchanged.

The market closed with trading of 17,176,586 shares for $36,066,791 down sharply from 85,703,591 units at $267,676,941 on Monday.
Trading averaged 381,702 shares at $801,484 compared to 1,823,481 stocks at $5,695,254 on Monday with trading for the month to date, averaging 402,741 stock units for $1,062,410 compared with 405,865 stock units at $1,101,161 on the previous day and October that ended with an average of 196,034 shares at $399,810.
Stationery and Office Supplies led trading with 8.07 million shares for 47 percent of total volume followed by Dolla Financial with 5.31 million stock units for 30.9 percent of the day’s trade and Jamaican Teas with 1.03 million units for 6 percent of the day’s trade.
At the close of trading, the Junior Market Index skidded 27.66 points to conclude trading at 3,697.98. The Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
The Junior Market ended trading with an average PE Ratio of 12.6, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of the market, Access Financial sank 68 cents to close at $19.51 with trading in just one stock, Blue Power dipped 26 cents to $4.13 after 2,000 units changed hands, CAC 2000 fell 40 cents and ended at $2.30 with 30,546 shares passing through the market. Caribbean Assurance Brokers slipped 55 cents to end at $2.95 with investors swapping a mere 32 stock units, Caribbean Cream increased 12 cents to close at $3.29 with an exchange of 10,671 shares, Consolidated Bakeries sank 10 cents to finish at $2.10 with 30,594 stocks crossing the market. Derrimon Trading climbed 9 cents and ended at $2.04 as investors exchanged 145,219 units, Dolla Financial declined 32 cents to $3 with 5,311,498 stock units switching owners, Dolphin Cove shed 48 cents to close at $20 as 43,020 shares crossed the exchange. Fontana dropped 8 cents to finish at $7.95 with investors trading 9,614 stock units, Honey Bun popped 20 cents in closing at $8.70 in an exchange of 22,610 units, Indies Pharma rallied 8 cents to end at $3.03 with 800 stocks changing hands. Lasco Financial lost 11 cents to $1.76 as 75 shares were traded, Limners and Bards skidded 8 cents to finish at $1.28 after a transfer of 6,250 units, Lumber Depot rose 9 cents and ended at $2.77 with investors dealing in 56,100 stocks. MFS Capital Partners advanced 8 cents in closing at 68 cents with a transfer of a mere 10 stock units and Stationery and Office Supplies sank 8 cents to close at $1.60 while 8,068,243 shares crossed the market.

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

Trading drops on the JSE Main Market

Trading on the Jamaica Stock Exchange Main Market ended Monday, with a 31 percent fall in the volume of stocks traded following a 75 percent drop in funds passing through the market compared with Friday, resulting in activities in 62 securities up from 57 on Friday and ending with prices of 21 rising, 20 declining and 21 ending unchanged.

The market closed with 11,953,622 shares trading costing $65,051,577 compared to 16,566,578 stock units at $251,744,914 on Friday. Trading ended with an average of 192,800 shares at $1,049,219 down from 290,642 stocks at $4,416,577 on Friday. For month to date, trading averaged 233,664 stock units valued $2,167,578, lower than the average of 240,882 shares at $2,365,123 on the previous day and October with an average of 205,025 stock units at $2,311,672.
Wigton Energy led trading with 5.05 million shares for 42.2 percent of total volume followed by Transjamaican Highway with 2.39 million stock units for 20 percent of the day’s trade and Lasco Manufacturing with 1.30 million units for 10.9 percent share of the total volume.
At the close of trading, the All Jamaican Composite Index dropped 1,411.66 points to end at 362,264.40, the JSE Main Index shed 1,362.91 points to finish at 316,354.12 and the JSE Financial Index sank 0.77 points to settle at 64.68. The Investor’s Choice bid-offer indicator shows 17 stocks ending with bids higher than their last selling prices and three with lower offers, a b signal for Tuesday’s opening.
The Main Market ended trading with an average PE Ratio of 14.3. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close slow day of trading, AS Bryden dipped $2.90 to end at $31.10 with 955 stock units changing hands, Caribbean Cement fell  by $2.39 to end at $69.01 after investors exchanged 7,321 shares, Kingston Wharves rallied $1.60 to finish at $30 with 18,667 units traded. Massy Holdings increased $1.40 and ended at $81 as 2,018 stocks crossed the market, NCB Financial sank $1 to close at $50.50 after an exchange of 75,019 shares, Proven Investments lost $2.07 to close at $17.90 with investors trading 7,014 stock units. 

Sagicor Group dropped $1.90 to $38.10 as 5,576 stocks crossed the exchange, Scotia Group popped $1.39 in closing at $47 following the drying up of offers for the stock units against increased demand, with traders dealing in 161,697 units and Sygnus Real Estate Finance advanced $1 and ended at $12.50 in an exchange of 4,552 stocks.

In the preference segment, Jamaica Public Service 9.5% dipped $4.99 to finish at $2,895 with investors swapping 10 units, 138 Student Living preference share jumped $48.49 to close at $241.49 after an exchange of just 9 shares and Sygnus Credit Investments C10.5% popped $3 higher to end at $105 with 26 stock units having been traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Dolla Financial pumps up Junior Market trades


In the Junior Market of the Jamaica Stock Exchange on Monday with 76.83 million shares and accounted for nearly 90 percent of 85,703,591 shares that were traded for $267,676,941 with the volume traded surging 2,573 percent and valued 6,407 percent more than Friday’s outturn o 3,206,080 units at $4,113,490 following trading in 47 securities up from 42 on Friday and ending with prices of 16 rising, 17 declining and 14 closing unchanged.

Trading averaged 1,823,481 shares at $5,695,254 compared with 76,335 stocks at $97,940 on Friday with the month to date, averaging 405,865 stock units at $1,101,161 compared to 145,600 shares at $27,714 on the previous trading day and October with an average of 196,034 shares at $399,810.
Dolla Financial led trading with 76.83 million shares for 89.6 percent of total volume followed by One Great Studio with 2.64 million stock units for 3.1 percent of the day’s trade and Derrimon Trading with 1.70 million units for 2 percent of stocks traded.
At the close of trading, the Junior Market Index skidded 57.75 points to finish at 3,725.64. The Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers, suggesting a mildly positive opening on Tuesday.
The Junior Market ended trading with an average PE Ratio of 12.7, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close, of the market,Access Financial rose 12 cents in closing at $20.19 with an exchange of 3,428 stock units, Cargo Handlers dipped $2.14 to $10.26 with 1,670 shares crossing the market, Caribbean Assurance Brokers advanced 23 cents to end at $3.50 with a transfer of 465 stocks. Caribbean Flavours popped 27 cents and ended at $1.42 with 9,049 units changing hands at the close of trading, Consolidated Bakeries fell 5 cents to close at $2.20 after a transfer of 7,396 stocks, Derrimon Trading climbed 4 cents to finish at $1.95 as 1,698,069 units passed through the market. Dolla Financial declined 13 cents and ended at $3.32 after an exchange of 76,829,525 shares, Dolphin Cove increased 38 cents to $20.48 with investors swapping 17,556 stock units, Future Energy rallied 14 cents to end at $3.75 with 58,859 shares crossing the market. Honey Bun shed 10 cents in closing at $8.50 with investors trading 8,281 stock units, Indies Pharma lost 9 cents to finish at $2.95 with 51,615 units changing hands, Knutsford Express gained 45 cents to close at $12.45 with traders dealing in 3,800 stocks. Lumber Depot sank 10 cents to $2.68 with 73,505 units clearing the market, Mailpac Group slipped 5 cents to end at $2.45 with 839,590 stocks in switching owners, MFS Capital Partners sank 9 cents in closing at 60 cents after an exchange of 10,033 shares. Stationery and Office Supplies rose 5 cents and ended at $1.68 with 48,067 stock units trading and tTech skidded 14 cents to finish at $2 with 61,857 shares being traded.

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

Profit blown off course at overpriced Wigton


Profit surged 121 percent before corporate taxes, to $413 million, from $186 million at Wigton Energy for the six months to September 2024, net profit decreased 39 percent, to $310 million, from $504 million in the similar period last year, due primarily to a tax credit of $318 million arising from a reduction in the tax rate from one third to 25 percent that was retroactively applied to profits.

Wigton closed at anew high of $1For the latest quarter, profit jumped a solid 144 percent before tax to $192 million, from $79 million in 2023, with net profit falling to $144 million following taxation of $48 million compared with a profit of $436 million following a tax credit of $357 million in 2023.

Total revenue comprising sales and other income for the six months to September 2024, amounts to $1.42 billion, an increase of 13 percent compared to $1.25 billion earned in 2023. Management in their report to shareholders stated that “the increase in total revenue was as a result of (i) the higher production levels up to June 2024, which assisted in achieving the total production of 63.6 million kWh during the period despite the lower average availability being 74.9 percent as a result of the downtime associated with hurricane Beryl, and (ii) a provision of $239.4 million representing the anticipated business interruption insurance proceeds related to Hurricane Beryl.” Investors also need to be aware that there are seasonal variation in power generation, with the best periods being in the June quarter.
Cost of sales fell to $229 million in the September quarter from $256 million in 2023 and from $495 million in 2023 for the half year to $428 million.
General administrative expenses rose 11 percent to $387 million from $349 million in 2023 in the half year and was down slightly in the second quarter to $191 million versus $193 million in 2023.
Finance costs declined to $90 million in the September quarter from $103 million and in the half year, it declined from $210 million to $183 million.
Current Assets ended at $4.6 billion in September which includes cash and equivalent of $3.55 billion and receivables of $772 million and Current Liabilities amounts to $1.09 billion of which current portion of long term loans amounts to $869 million.
Shareholders’ equity amounted to $5.4 Billion and Long term liabilities ended at $2.6 billion.
The directors advised that “ongoing discussions with key stakeholders are centred on the repowering of Wigton Phase I located in Rose Hill, Manchester. The Company was one of two (2) entities pre-awarded by the Generation Procurement Entity (GPE) in their September 2023 tender for additional energy to the grid. The decision of the GPE as to the final award is now awaited.”
Wigton is involved in a critically important area of economic activity in Jamaica, with scope for expansion, this makes it an attractive vehicle, but the stock with a PE around 23 times current earnings is well above the market average of 14.5. The company is banking on getting approval for their bid to be awarded to supply power to the national grid. With just two entities preapproved they stand a good chance of getting approval. They have received approval for renewal of the number one wind turbine, the price of the output is yet to be disclosed.
Investors in this stocks will find greater and more compelling values elsewhere currently.

Trinidad Exchange closes higher


Stocks closed on the Trinidad and Tobago Stock Exchange on Monday, with the volume traded dropping 45 percent at a 64 percent greater value than on Friday resulting in activities in 15 securities compared with 16 on Friday and ending with prices of three rising, five declining and seven ended firm.

The market closed with trading of 330,482 shares valued $3,340,673 compared to 603,487 stock units at $2,041,473 on Friday.
An average of 22,032 shares were traded at $222,712 compared with 37,718 units at $127,592 on Friday, with trading month to date averaging 37,274 shares at $162,380 compared with 39,391 units at $154,004 on the previous day and an average for October 39,057 units at $305,306.
The Composite Index increased 1.67 points to 1,040.51, the All T&T Index rose 2.62 points to wrap up trading at 1,565.30, the SME Index remained unchanged at 88.01 and the Cross-Listed Index increased by just 0.09 points to end at 67.04.
The Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of market activities, Angostura Holdings ended at $16 with investors trading 6 stock units, Ansa McAl sank 50 cents in closing at $59 after 5,200 shares passed through the market, Ansa Merchant Bank climbed 25 cents to $41.25 in switching ownership of 2,300 stocks. First Citizens Group dipped 59 cents and ended at $40.41 with investors swapping 4,566 units, GraceKennedy popped 11 cents to close at $3.70 with a transfer of 29,435 shares, JMMB Group lost 3 cents to finish at a 52 weeks’ low of $1.02 after an exchange of 19,000 stocks. Massy Holdings increased 7 cents and ended at $3.80 with 212,180 units trading, National Enterprises ended at $2.70 with 6 stock units crossing the market,  NCB Financial remained at $2.15 in an exchange of 22,000 shares. Prestige Holdings ended at $11.01 with investors dealing in 2,767 stocks, Republic Financial remained at $115 in an exchange of 14,473 stocks, Scotiabank skidded 45 cents to finish at $57.10 with just 11 stock units crossing the market. Trinidad & Tobago NGL slipped 2 cents and ended at $4.50 as investors exchanged 5,726 shares, Unilever Caribbean ended at $11 after a transfer of 1,000 stocks and West Indian Tobacco remained at $6 with 11,812 units crossing the exchange.

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

Guardian & Caribbean Cream top ICTOP10


Stocks ended the past week with the Jamaica Stock Exchange two main markets closing slightly down with the All Jamaica Composite and Junior Market Indices slipping and the JSE Main Index just managing to hold on to some gains. Effectively the markets held on to the majority of gains of the previous week with a number of stocks have limit supplies on offer and thus inducing buyers to bid the prices of some stocks higher.

 The Junior Market TOP10 had just two stocks gaining with 6 falling and in the Main Market TOP10 only one stock gained and 7 declined. Guardian Holdings continues to hold on to the number one buy position by a wide margin, in all markets as well as the All JSE TOP10. The All JSE TOP10 is compiled from all ordinary stocks listed on the Jamaica Stock Exchange with the highest potential to gain, based on projected 2024 earnings. This list is more exacting than the Junior and Main Market TOP10 lists. Caribbean Cream continued to hold the number one spot in the Junior Market followed by Elite Diagnostic.
In the Junior Market ICTOP10, Access Financial rose 12 percent to close at a $20.07 and One great Studio picked up 8 percent to close at 70 cents. Caribbean Assurance Brokers and Caribbean Cream shed 8 percent to close at $3.27 and $3.17 respectively, with other declining stocks losing 3 percent or less.
In the Main Market ICTOP10, the only winning stock, Berger Paints popped 5 percent to $8.44. JMMB Group, 138 Student Living and Pulse Investments all fell 7 percent to end at $22.25, $4.06 and $1.49 respectively, with the rest losing 2 percent or less.
No stock fell out of the Junior Market IC TOP10 at the end of the week. There was one change to JSE Main Market ICTOP10, with Lasco Distributors falling out and replaced by Jamaica Broilers.
The average PE for the JSE Main Market ICTOP 10 stands at 5.1, well below the market average of 14.6 and the Junior Market TOP10 sits at 6.7, just more than half of the market, with an average of 12.7.
The Main Market ICTOP10 is projected to gain an average of 305 percent by May 2025, based on 2024 forecasted earnings and provide better values than the Junior Market with the potential to achieve 212 percent over the same period.
In the Main Market ICTOP 10, a total of 16 of the most highly valued stocks representing 31 percent of the Main Market have PEs between 15 to 108, with an average of 30 and 22 excluding the highest PE ratios, and a PE of 24 for the top half of the market with the highest values and 18 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 10 stocks, 21 percent of the market, with PEs ranging from 15 to 27 with an average of PE of 19 and a PE of 16 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.

Wigton blows up trading on JSE Main Market

Wigton Energy cornered nearly a third of the volume of Trading on the Jamaica Stock Exchange Main Market ended on Friday, with the volume of stocks traded rising 128 percent, with the value 404 percent more than on Thursday and similar to Thursday 57 securities were traded, with prices of nine rising, 28 declining and 20 ending unchanged.
The market closed with 16,566,578 shares trading for $251,744,914 up sharply from 7,270,315 stock units at $49,987,155 on Thursday.

Trading averaged 290,642 shares at $4,416,577 compared with 127,549 stocks at $876,968 on Thursday and for the month to date, an average of 240,882 units at $2,365,123 up from 231,235 shares at $1,967,392 on the previous day and October with an average of 205,025 stock units at $2,311,672.
Wigton Energy led trading with 5.08 million shares for 30.7 percent of total volume followed by Lasco Distributors with 1.95 million stock units for 11.8 percent of the day’s trade, Sagicor Select Financial Fund with 1.56 million stock units for 9.4 percent market share, Jamaica Producers with 1.50 million stock units for 9.1 percent of shares traded and GraceKennedy with 1.22 million units for 7.3 percent of total volume.
 points to wrap up trading at 65.45. The Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and two with lower offers.          The Main Market ended trading with an average PE Ratio of 14.5. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.

At the close of market activities, Barita Investments fell $2 to end at $73 in trading 2,171 stock units, Eppley skidded $2.40 to $32.90 with a transfer of 84,608 shares, Eppley Caribbean Property Fund fell $4.55 and ended at $37 with 94,218 stocks crossing the exchange. Guardian Holdings advanced $3 in closing at $315 with traders dealing in just 4 units. Jamaica Broilers dropped $1.16 to finish at $37 after a transfer of 520,372 stock units, JMMB Group lost $1.38 to close at $22.25 with investors dealing in 814,821 units. Lasco Manufacturing sank 60 cents to $7.60 as 102,840 shares changed hands, MPC Caribbean Clean Energy shed $8.80 to end at $75.50 as investors exchanged 500 stock units, NCB Financial declined 65 cents in closing at $51.50 with 149,508 shares traded. Pan Jamaica shed $2.50 to close at $47, with 620,960 units switching owners at the close of the market, Supreme Ventures slipped $1.40 to finish at $21.40 with an exchange of 12,443 stocks and Wisynco Group lost 45 cents and ended at $21.50 with 284,010 stock units clearing the market.

In the preference segment, Eppley 7.50% preference share popped 73 cents to $6.30 in an exchange of just one share and Sygnus Credit Investments C10.5% dropped $3 to close at $102 with investors swapping 1,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market trading plunges on Friday

Trading activity dived sharply on the Junior Market of the Jamaica Stock Exchange on Friday, with a 74 percent drop in the volume of stocks traded, having an 84 percent lower value than Thursday with even as trading resulted in activities in more securities than Thursday with 42 securities changing hands up from 39 and ending with prices of 11 rising, 20 declining and 11 closing unchanged.

Trading ended with 3,206,080 shares being traded for $4,113,490 down sharply from 12,247,617 stock units at $25,016,931 on Thursday.
Trading averaged 76,335 shares at $97,940 compared to 314,041 stocks at $641,460 on Thursday with trading for the month to date, averaging 145,600 units at $257,714 compared with 159,194 stock units at $289,072 on the previous day and in October with an average of 196,034 shares at $399,810.
EduFocal led trading with 2.04 million shares for 63.6 percent of total volume followed by Spur Tree Spices with 244,502 units for 7.6 percent of the day’s trade and Dolla Financial with 124,039 stock units for 3.9 percent share of the market.
At the close of trading, the Junior Market Index rose 10.77 points to end at 3,783.39. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and five with lower offers.
The Junior Market ended trading with an average PE Ratio of 12.2, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close, Access Financial rallied $1.07 to $20.07 with 29 units clearing the market, following release of second quarter results with a series of errors in the income statement. AMG Packaging dipped 5 cents to $3.15, with 1,950 stock units crossing the exchange, Caribbean Assurance Brokers rose 7 cents and ended at $3.27 with 9,630 stocks having been traded, Caribbean Cream fell 28 cents to close at $3.17 as 790 shares passed through the market. Caribbean Flavours slipped 29 cents to finish at $1.15 with investors trading 103,060 stock units, Dolla Financial increased 5 cents to close at $3.45 after an exchange of 124,039 stocks, Dolphin Cove sank 39 cents to end at $20.10 with 33,763 shares switching owners,  Fontana lost 7 cents in closing at $8.03 after an exchange of 16,438 units. Future Energy sank 19 cents to $3.61 with 100,506 stocks being traded, Honey Bun skidded 10 cents to close at $8.60 with an exchange of 25,436 stock units, Knutsford Express declined 45 cents in closing at $12 with 1,400 shares changing hands, Medical Disposables shed 17 cents and ended at $2.10 after an exchange of 7,683 stock unit. MFS Capital Partners climbed 5 cents to 69 cents with 12,886 shares clearing the market and Spur Tree Spices slipped 5 cents to close at $1.90 as investors exchanged 244,502 stocks. .

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