More gains for JSE Main Market

The Main Market of the Jamaica Stock Exchange closed higher for the sixth time out of the last seven trading days and recovered 47,260.76 points of the losses in March, to be up 13 percent from the recent lows of 375,091.09 points, reached on 25th of March on the JSE All Jamaican Composite Index.             

JSE Main market continuing to bounce off resistance at 375,000 points reached on March 25.

At the close of the market on Friday, the JSE All Jamaican Composite Index jumped 4,851.68 points to 422,351.85, the JSE Market Index climbed 4,394.76 points to 384,905.24 and the JSE Financial Index added 1.51 points to 105.44.
The market closed with 47 securities changing hands in the Main and US dollar markets with prices of 25 stocks advancing, 15 declining and 4 securities trading firm. The JSE Main Market activity ended with 42 securities accounting for 33,384,287 units valued at $221,730,878, in contrast to 19,058,509 units valued at $80,731,137 from 40 securities on Thursday.
Trans Jamaican Highway led trading with 21.5 million shares for 64.4 percent of total volume, followed by Wigton Windfarm with 2.6 million units for 7.9 percent of the day’s trade and Sagicor Select Financial Fund with 1.9 million units for 5.6 percent market share. Sagicor Select Manufacturing & Distribution Fund ended with 1.1 million shares and was the only other stock trading more than one million units.
The Market closed with an average of 794,864 units valued at an average of $5,279,307 for each security traded, in contrast to 476,463 units valued at an average of $2,018,278 on Thursday. The average volume and value for the month to date amount to 613,607 units valued at $3,409,226 for each security changing hands. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
IC bid-offer Indicator At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and two stocks closing with lower offers. The PE ratio of the market ended at 14.2, while the Main Market ended at 14.4 times 2020/21 earnings.
In the Main Market, Barita Investments climbed $5 to reach $58, with 41,623 shares changing hands, Berger Paints fell $3 to $11.50, after trading 24,768 units, Caribbean Cement added 54 cents to close $43.49, in swapping 61,554 shares. Eppley closed $1 higher at $16, with14,000 units crossing the exchange, Eppley Caribbean Property Fund dropped $4 to end at $35, in trading a mere 200 units, First Rock Capital lost 50 cents to finish at $10, with a transfer of 17,200 units. Grace Kennedy shed 60 cents to close at $57 in exchanging 722,937 shares, Jamaica Broilers gained 52 cents, in swapping 291,710 shares to end at $32.52, Jamaica Producers picked up 41 cents to close at $19.11 after trading 5,891 units. Kingston Wharves closed 50 cents higher to finish at $44, with 21,556 units traded, MPC Caribbean Clean Energy advanced $5 to $140 after exchanging 1,512 stock units, NCB Financial Group climbed to $152.91, with gains of $2.66 with 265,789 shares changing hands. PanJam Investments fell by $2 to $76 in swapping 225,872 shares, Portland JSX shed 70 cents to finish at $7.30, with an exchange of 38,667 units, Proven Investments closed at $39.70, after rising $2.20 and trading 11,126 units. Sagicor Group picked up 81 cents to end at $48.75, in transferring 73,620 shares, Sagicor Real Estate Fund closed 45 cents lower at $7.25 with 81,200 stock units crossing the exchange, Salada Foods jumped $6 to $36, after exchanging 59,400 units. Seprod closed $1.50 higher to $49.50, with a transfer of 65,614 shares and Supreme Ventures gained 40 cents to end at $14.40, with 248,813 shares changing hands.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

JSE Main Market starts Q2 with a fall

Jamaica Stock Exchange started the second quarter of 2020 with losses in the leading indices after racking substantial gains ahead on the month-end. The market closed with 40 securities changing hands with prices of 22 stocks advancing, 21 declining and two trading firm.
At the close, the JSE All Jamaican Composite Index declined 1,819.45 points to 414,283.45, the JSE Market Index dropped 1,643.55 points to 377,598.56, but the JSE Financial Index rose 0.33 points to 103.63.
The JSE Main Market activity ended with 22,417,248 units valued at $113,463,573, in contrast to 46,241,343 units valued at $672,264,195 from 42 securities on Tuesday.
Trans Jamaican Highway led trading with 9.3 million shares for 42 percent of total volume followed by Wigton Windfarm with 4.1 million units for 18.3 percent of the day’s trade, and Sagicor Select Financial Fund with 1.7 million units for 7.5 percent of the market’s volume. QWI Investments was the only stock trading more than one million units, with 1.4 million shares.
The Market closed with an average of 560,431 units valued at an average of $2,836,589 for each security traded, in contrast to 1,100,984 units valued at an average of $16,006,290 on Tuesday. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
IC bid-offer Indicator At the end of trading, the Investor’s Choice bid-offer indicator reading shows eight stocks ending with bids higher than their last selling prices and two stocks closing with lower offers. The PE ratio of the market ended at 14.2, while the Main Market ended at 14.5 times 2020/21 earnings.
In the Main Market, Barita Investments tumbled $5 to $54, after exchanging 51,460 shares, Berger Paints closed $2.96 higher to $14, in transferring 50,404 units, Caribbean Cement dumped $6.50 in trading 162,574 stock units and closed at $39. Eppley Caribbean Property Fund ended at $39, with a loss of 50 cents after swapping 13,580 shares, First Rock Capital shed 44 cents to finish at $9.55, with 8,508 units changing hands, Grace Kennedy ended $3 lower to close at $57, in trading 82,834 shares. Jamaica Broilers climbed $3 to $33 after transferring 99,832 stock units, Jamaica Producers ended at $21.01, after losing $1.99 and exchanging 17,100 units, Jamaica Stock Exchange lost 50 cents to close at $23, with 105,597 shares traded. JMMB Group closed $1.44 lower to $38.54, in swapping 110,895 shares, Kingston Wharves added 59 cents to finish at $43.50, in trading 12,358 units, Mayberry Investments picked up 44 cents to close at $5.99, with 81,015 units crossing the exchange. NCB Financial Group advanced to $154.99, with gains of $4.99 and swapping 57,909 units, 138 Student Living climbed $1.34 to $6.99, after transferring 15,500 units, PanJam Investment ended at $78, with a loss of $1 trading 63,834 units. Portland JSX gained 70 cents exchanging 2,090 units and closed at $8, Proven Investments ended at $36.60, after climbing $1.60 and transferring 14,113 stock units, Sagicor Group closed $4.40 lower to $48, in swapping 101,381 shares. Salada Foods ended the day at $30, after gaining $1 trading 200 units, Scotia Group dropped $1.49 to finish at $46.50, with 29,841 units changing hands, Seprod added 50 cents to transferring 254,512 shares and closed at $47.50. Stanley Motta shed 75 cents with an exchange of 6,000 units to end at $5, Supreme Ventures gained 57 cents and closed at $13.57, in swapping 561,955 shares, Sygnus Credit Investments ended at $17.03, with a loss of 97 cents trading 99,934 units and Wisynco Group closed $1.39 lower to $13.30 exchanging 1,657,479 shares.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

JSE majors end worse month with gains

The Jamaica Stock Exchange Main Market closed out the worse month in its 50-year history, with a plunge of 29 percent from the start of the month to March 25, before it recovered 41,011.81 of the 154,631.13 points lost up to that point to close the month with a loss of 21 percent.
At the close of trading for March and the end of the first quarter of 2020, the JSE All Jamaican Composite Index soared 15,152.90 points to 416,102.90, the JSE Market Index jumped 13,681.82 points to 379,242.11 and the JSE Financial Index gained 2.76 points to end at 103.30.
The market closed with 48 securities changing hands in the Main and US dollar markets with prices of 29 stocks advancing, 9 declining and 10 securities trading firm. The JSE Main Market activity ended with 42 securities accounting for 46,241,343 units valued at $672,264,195, in contrast to 29,160,780 units valued at $111,371,550 from 39 securities on Monday.
Pulse Investments led trading with 17.2 million shares, for 37 percent of overall Main Market volume, Trans Jamaican Highway traded 7.3 million units, in the JSE US dollar market, the equivalent of 15.7 percent of the Main Market volume and Barita Investments exchanged 7 million units for 15 percent market share.
Other stocks trading more than one million units were Wigton Windfarm with 6.9 million units, Trans Jamaican Highway with 6.1 million shares, JMMB Group with 2.5 million shares and Sagicor Select Financial Fund with 1.1 million units.
The Market closed with an average of 1,100,984 units amounting to $16,006,290 for each security traded, in contrast to 747,712 units valued at an average of $2,855,681 on Monday. The average volume and value for the month to date amount to 1,146,245 units valued at $7,550,295 for each security changing hands compared to 1,148,383 units valued at 7,111,386 for each security traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
IC bid-offer Indicator At the end of trading, the Investor’s Choice bid-offer indicator reading shows fifteen stocks ending with bids higher than their last selling prices and three stocks closing with lower offers. The PE ratio of the market ended at 14.2, while the Main Market ended at 14.5 times 2020/21 earnings.
In the Main Market, Barita Investments climbed $4.01 to $59, in exchanging 6,970,721 shares, Caribbean Cement jumped $5.50 trading 70,198 shares and closed at $45.50, Eppley Caribbean Property Fund shed 50 cents to finish at $39.50, with an exchange of 4,500 units. Grace Kennedy ended $5.50 higher at $60, in switching ownership of 261,243 shares, Jamaica Broilers traded 87,050 shares, with gains of $1.91 to close at $30, Jamaica Producers ended at $23, after climbing $4 while exchanging 163,786 shares. Jamaica Stock Exchange jumped $4.50 to $23.50, with 267,697 shares changing hands, JMMB Group surged $5.98 to reach $39.98, in transferring 2,521,461 shares, Kingston Wharves gained 91 cents to close at $42.91, trading 4,795 units. Mayberry Jamaican Equities ended $1.08 higher in trading 16,911 units at $7.72, PanJam Investment rose $1 to $79, with 54,643 shares changing hands, Proven Investments ended at $35, after losing 94 cents while trading 36,309 shares. Pulse Investments added 32 cents to finish at $3.45, in transferring 17,162,610 shares, Sagicor Group leaped $8.40, in exchanging 341,368 shares and closed at $52.40, Salada Foods finished at $29, advancing $4 and trading 20,327 units. Scotia Group closed $3.98 higher at $47.99, with 155,932 shares changing hands, Seprod added $4.50 to end at $47, in swapping 51,191 units, Stanley Motta gained $1.14 exchanging 16,615 units and closed at $5.75. Supreme Ventures shed 50 cents to end at $13, with 177,935 shares traded, Sygnus Credit Investments ended at $18, with gains of $1.40 transferring 154,566 shares, Victoria Mutual Investments exchanged 560,714 shares at $7, after picking up 55 cents and Wisynco Group closed $1.44 higher at $14.69 after trading 501,240 shares.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

Aggressive price gains push JSE Main Market

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Some aggressive price movements push JSE Main Market higher at the close of trading on Friday as investors seem to be putting the recent sharp sell-off behind them. In the end, Caribbean Cement jumped $4, Grace Kennedy $2, NCB Financial $2, Sagicor group $4.20, Scotia Group $3.50 and Seprod $2.The market ended, with the JSE All Jamaican Composite Index advanced 10,583.06 points to 394,457.50, the JSE Market Index climbed 9,599.14 points to 359,682.96 and the JSE Financial Index rose 3.61 points to 98.72.

JSE Main Market has bounced strongly off support shown by the blue line on two separate days.

The market closed with 46 securities changing hands in the Main and US dollar markets with prices of 24 stocks advancing, 12 declining and ten securities trading firm. The JSE Main Market activity ended with 41 securities accounting for 23,098,105 units valued at $104,845,950 in contrast to 276,324,388 units valued at $742,100,927 from 39 securities on Thursday.
Trans Jamaican Highway led trading with 9.7 million shares for 41.8 percent of total volume followed by Wigton Windfarm with 7.2 million units for 31.2 percent of the day’s trade, and Trans Jamaican Highway US$ with 2.1 million units for 9.2 percent of the market’s volume. The only other stock trading more than one million units is Pulse Investments, with 1.2 million units.
The Market closed with an average of 563,368 units valued at $2,557,218 for each security traded, in contrast to 7,085,241 units valued at an average of $19,028,229 on Thursday. The average volume and value for the month to date amount to 1,166,767 units valued at $7,327,128 for each security changing hands compared to 1,197,347 units valued at 7,209,844 for each security traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
IC bid-offer Indicator At the end of trading, the Investor’s Choice bid-offer indicator reading shows eleven stocks ending with bids higher than their last selling prices and two stocks closing with lower offers. The PE ratio of the market ended at 15, while the Main Market ended at 14 times 2019 earnings.
In the Main Market trading, Barita Investments declined $1.50 to $51, trading 482,153 shares, Caribbean Cement climbed $4 higher to $49, with an exchange of 46,494 units, Eppley gained $1.71 to close at $12.21, with a transfer of 574 stock units. First Rock Capital slipped 60 cents to $9.50, after swapping 11,797 shares, Grace Kennedy added $2.30 to finish at $56.50, with 95,953 shares changing hands, Jamaica Broilers gained $1 and closed at $29, after trading 13,934 units. JMMB Group picked up $1.12 to finish at $35.45, with an exchange of 279,114 shares, Mayberry Jamaican Equities added 40 cents after 75,312 shares passed through the market to end at $7, MPC Caribbean Clean Energy sustained a loss of $12 to end at $135, with a mere 20 units crossing the exchange. NCB Financial Group closed $2 higher at $154, in trading 41,906 shares, 138 Student Living shed 81 cents to end at $4.69 exchanging 6,216 units, Portland JSX closed $1.60 lower to $7.30 after transferring just 416 units. Proven Investments ended at $35, after falling by $1 in trading 19,278 shares, Sagicor Group jumped $4.20 to $46.60, with 70,977 stock units changing hands, Sagicor Real Estate Fund fell 82 cents to $6.60 with the transfer of 5,774 units. Scotia Group climbed $3.50 to finish at $47.50 and trading 77,214 shares, Seprod added $2 to end at $39, with an exchange of 41,696 shares, Sterling Investments picked up 30 cents to close at $2.80, in transferring 1,300 units. Victoria Mutual Investments ended at $6.54, with gains of 48 cents and exchanging 160,790 shares and Wisynco Group closed at $13.30, with a loss of 70 cents after 558,494 shares crossed the exchange.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

 

 

 

Big bounce for JSE Main Market

NCB Financial one of the big contributors to the fall in the Main Market of the Jamaica Stock Exchange by knocking approximately 50,000 points off the index roared back in trading on Thursday, with a rise of $7 to close at $152 and in the process helped in pushing the two leading indices sharply higher.

NCB Financial Group contributed around 50,000 to the JSE index near 200,000 decline since the start of the year.

At the close, the market shows signs that it may have bottomed and is about to move higher and is partially reflected with a sharp rise in the JSE All Jamaican Composite Index jumping 8,783.35 points to 383,874.44 and the JSE Market Index climbing 7,989.93 points to 350,083.82. The JSE Financial Index gained 2.55 points to 95.11.
The market closed with 44 securities changing hands in the Main and US dollar markets with prices of 21 stocks advancing, 17 declining and eight securities trading firm. The JSE Main Market activity ended with 39 securities accounting for 276,324,388 units valued at $742,100,927 in contrast to 126,118,687 units valued at $211,017,961 from 40 securities on Wednesday.
Pulse Investments traded an unusually large 243.4 million shares for 88 percent of total volume followed by Trans Jamaican Highway with 19.7 million units for 7 percent of the day’s trade and Trans Jamaican Highway US dollar listing with 5.2 million units for 2 percent of the volume in both markets. Other stocks trading more than one million units were Carreras with 2.2 million units,

Strong signs of the market may have bottomed.

Sagicor Select Financial Fund with 1.3 million shares, Wigton Windfarm with 3.9 million units and Sagicor Select Manufacturing & Distribution Fund with 1.2 million shares.
The Market closed with an average of 7,085,241 units valued at $19,028,229 for each security traded, in contrast to 3,152,967 units valued at an average of $5,275,449 on Wednesday. The average volume and value for the month to date amount to 1,197,347 units valued at $7,209,844 for each security changing hands compared to 899,129 units valued at 6,578,450 for each security traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
IC bid-offer Indicator At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ending with bids higher than their last selling prices and two stocks closing with lower offers. The PE ratio of the market ended at 14.9, while the Main Market ended at 13.8 times 2019 earnings.
In the Main Market, Barita Investments closed $1 higher to $52.50, with a transfer of 29,768 shares, Berger Paints ended at 52 weeks’ low of $9.50, after a loss of $1.50 and exchanging 50,996 shares, Caribbean Cement gained $5 to end at $45, in trading 53,275 units. Carreras closed 74 cents higher to $6.75, with 2,252,374 shares changing hands, Eppley shed $1 swapping 8,724 units and closed at $10.50, Eppley Caribbean Property Fund added $3.50 to end at $40, in trading 2,669 units. Grace Kennedy picked up 30 cents to finish at $54.20, in trading 58,581 shares, Jamaica Broilers ended at $28, with a loss of $1 with 25,066 units changing hands, Jamaica Stock Exchange climbed $2.50 to $18.50, after the transfer of 337,902 shares. JMMB Group slid$1.17 to $34.33, with an exchange of 102,095 units, Kingston Wharves lost 50 cents to close at $43.50 trading 6,667 units, Mayberry Jamaican Equities gained 60 cents trading 64,768 shares to end at $6.60. NCB Financial jumped $7 to $152, with 578,923 shares crossing the exchange, 138 Student Living added $1 to end at $5.50, with an exchange of 347 units, Portland JSX closed $1.60 higher to $8.90 after the transferring of 2,005 units. Proven Investments jumped $3.50 to $36, after exchanging 51,818 shares, Sagicor Group advanced by $2.40 to $42.40, in swapping 608,061 shares, Scotia Group regained ground with gains of $7 to settle at $44, with 170,469 shares changing hands. Seprod added $1 to end at $37, in trading 30,390 units, Stanley Motta shed 74 cents with a transfer of 7,500 units to end at $5. Sterling Investments closed 40 cents lower at $2.50 trading 68,830 units, Supreme Ventures ended at $14, with a loss of 99 cents exchanging 252,623 shares, Sygnus Credit Investments closed 53 cents lower to $16.50, trading 22,971 units and Wisynco Group swapped 840,773 shares at $14, after gaining $1.30.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

NCB knocks 16,000 points off JSE index

NCB Financial sharp fall in value on Monday, finally hit the market, knocking a big piece out of the Jamaica Stock Exchange index on Wednesday with the stock closing at $145 after trading at an intraday 52 weeks’ low of $135. The price used in the index computation dropped by a sharp $16.47 to $142.37 and was the main reason for the more than a 15,000 decline in the All Jamaica composite index.

NCB Financial hits a one year low of $135 on Wednesday.

At the close, the JSE All Jamaican Composite Index declined by 15,487.51 points to 375,091.09, the JSE Market Index dropped 13,893.08 points to 342,093.89 and the JSE Financial Index slid 5.70 points to 92.56.
The market closed with 47 securities changing hands in the Main and US dollar markets with prices of 19 stocks advancing, 21 declining and seven securities trading firm. The JSE Main Market activity ended with 40 securities accounting for 126,118,687 units valued at $211,017,961 in contrast to 79,985,445 units valued at $512,772,847 from 44 securities on Tuesday.
Trans Jamaican Highway led trading with 113.4 million shares for 90 percent of total volume followed by Wigton Windfarm with 6.7 million units for 5.3 percent of the day’s trade and Trans Jamaican Highway US$ listing with 5.1 million units for 4 percent of the market’s volume. Other stocks trading more than one million units were QWI Investments and Sagicor Select Financial Fund, each with 1.4 million stock units.
The Market closed with an average of 3,152,967 units valued at an average of $5,275,449 for each security traded, in contrast to 1,817,851 units valued at an average of $11,653,928 on Tuesday. The average volume and value for the month to date amount to 899,129 units valued at $6,578,450 for each security changing hands compared to 775,631 units valued at $6,653,987 for each company traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
IC bid-offer Indicator At the end of trading, the Investor’s Choice bid-offer indicator reading shows ten stocks ending with bids higher than their last selling prices and five stocks closing with lower offers. The PE ratio of the market ended at 14.5, while the Main Market ended at 13.4 times 2019 earnings.
In the Main Market, Caribbean Cement lost $4.99 and ended at $40.99, in exchanging 84,591 shares. Eppley Caribbean Property Fund advanced $6 to $36.50, with a transfer of 5,140 units, First Rock rose 49 cents to $10, in swapping 19,391 shares. Grace Kennedy ended $1 higher to $54.50 trading 43,383 shares, Jamaica Broilers climbed $2.05 and ended at $29 after exchanging 17,399 units, Jamaica Stock Exchange fell to $16, after losing $3 transferring 307,083 stock units. JMMB Group climbed $2.50 to $35.50, with 198,122 shares changing hands, Kingston Wharves closed, with gains of $2 at $44 in trading 2,440 stock units, Mayberry Investments lost 50 cents transferring 27,849 shares to end at a 52 weeks’ low of $5. NCB Financial advanced $5 to $145, trading 67,140 units, 138 Student Living gained 39 cents to close at $4.50, with an exchange of 481 shares, PanJam Investment declined $2 to $78, with 49,817 units crossing the exchange. Portland JSX shed 50 cents trading 17,000 stock units and closed at $7.30, Proven Investments fell $4.98 to $32.50, after transferring 9,581 units, Sagicor Real Estate Fund lost 40 cents to close at $7.40, in swapping 900 stock units. Scotia Group closed 99 cents lower to end at $37, in exchanging 117,469 shares, Seprod ended the day’s trade at $36, with gains of $1 after 10,932 shares changed hands, Stanley Motta added 44 cents with a transfer of 25,175 units to end at $5.74. Sterling Investments closed 65 cents higher to $2.90, trading 116,210 shares, Supreme Investments ended at $14.99, after gaining 99 cents exchanging 433,163 stock units and Wisynco Group closed at $12.79, with a loss of 79 cents after trading 161,608 shares.
Prices of securities trading are those for the day’s last transaction unless otherwise stated.

Big 11,744 points JSE Main Market drop

The Main Market of the Jamaica Stocks Exchange took another big hit on Monday as heavyweight Sagicor dropped $6 and a fall of $5.51 in the average price of NCB Financial help to knock 11,744.53 points off the JSE All Jamaican Composite Index to close down 30 percent for the year to date at 391,405.57. The JSE Market Index had 10,819.03 points chopped off, to end at 356,735.58, while the JSE Financial Index fell 4.49 points to 98.12.
The market closed with 45 securities changing hands in the Main and US dollar markets with prices of 17 stocks advancing, 17 declining and 11 securities trading firm. The JSE Main Market activity ended with 41 securities accounting for 26,276,614 units valued at $347,146,174, in contrast to 36,332,153 units valued at $175,354,038 from 42 securities on Friday.
Wigton Windfarm led trading with 9.9 million shares for 37.8 percent of total volume followed by Carreras with 3.5 million units for 13.2 percent of the day’s trade and Sagicor Select Financial Fund with 2.2 million units for 8.4 percent market share. Other stocks trading more than one million units were Barita Investments with 1.4 million shares, Jamaica Producers, with 1.4 million stock units and Sagicor Group with 1.3 million units.
The Market closed with an average of 640,893 units at $8,466,980 for each security traded, in contrast to 931,594 units valued at an average of $4,496,257 on Friday. The average volume and value for the month to date amount to 708,783 units valued at $6,313,433 for each security changing hands compared to 713,099 units valued at 6,167,490 for each security traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
IC bid-offer Indicator At the end of trading, the Investor’s Choice bid-offer indicator reading shows 11 stocks ending with bids higher than their last selling prices and six stocks closing with lower offers. The PE ratio of the market ended at 14.5, while the Main Market ended at 13.3 times 2019 earnings.
In the Main Market, Barita Investments closed 34 cents higher in exchanging 1,365,278 shares to finish at $50.99, Berger Paints gained $1 to settle at $12, with 42,872 stock units changing hands, Eppley Caribbean Property Fund dropped $10.50, after trading 582 units to end at $30.50. Grace Kennedy closed 49 cents higher in transferring 80,577 shares and closed at $56.99, Jamaica Broilers ended at $26, while adding $1 after swapping 140,257 units, Jamaica Producers lost 45 cents trading 1,421,129 stock units and closed at $15.60. JMMB Group closed $1.10 lower to $35.80, with an exchange of 189,080 shares, NCB Financial Group advanced $6 to end at $156, with 354,587 shares trading, 138 Student Living gained 36 cents to close at $4.41 with 10,856 stock units crossing the market. Proven Investments climbed $1.50 to $38.50, after exchanging 19,482 units, Sagicor Group plunged $6 swapping 1,272,340 units and closed at $43, while Sagicor Real Estate X Fund picked up 99 cents in transferring 12,281 units to end at $7.99. Salada Foods shed $1 to $25, with 9,100 units changing hands,  Stanley Motta ended 79 cents higher with 57,275 shares changing hands and settled at $5. Sterling Investments gained 28 cents to close at $2.50 swapping 58,805 stock units. Supreme Investments ended at $15, with gains of 50 cents trading 51,500 units, Sygnus Credit Investments shed 45 cents to close at $17.55, in transferring 136,312 shares. Victoria Mutual Investments lost 31 cents with 335,283 shares crossing the exchange and closed at $6.69 and Wisynco Group lost $2.20 in closing at $12.50, after exchanging 576,137 shares.
Trading in the US dollar market ended with 56,576 units for $9,802. The market shed 4.93 points to close at 199.95. First Rock lost 1 cent to close at 9 US cents, with 7,280 units changing hands, Margaritaville lost 0.1 of a cent to end at 24 US cents, trading 2,000 shares. Proven Investments shed 1 cent in transferring 20,610 units at 25 US cents and Sygnus Credit Investments ended with a loss of 0.7 of a cent lower in swapping 26,686 units at 12 US cents.

Prices of securities trading are those for the day’s last transaction.

JSE Main Market takes another hit

NCB Financial rose $4.99 to close at $150 on Friday, with the average price used in computing the market index slipping just 39 cents to $158.29 and only moderately affected the index movement on Friday.
At the close, the JSE All Jamaican Composite Index plunged by 8,884.77 points to 403,150.10. The JSE Market Index dropped 8,035.44 points to 367,554.61, off 28 percent for 2020 so far and the JSE Financial Index fell by 2.27 points to 102.61 with a fall of 25.4 percent for the year to date.
The major contributors to Friday’s steep fall are, Scotia Group’s with a fall of $5.29 that would have knocked more than 5,000 points off the overall index, Grace Kennedy with a $3.13 downward move, followed by JMMB Group down 98 cents, Sagicor $1.08 and Supreme Ventures $2.28.
The market closed with 41 securities changing hands in the Main and US dollar markets with prices of 17 stocks advancing, 16 declining and eight securities trading firm. Trading ended with Mayberry Investments closing at a 52 weeks’ low, while Mayberry Jamaican Equities, Sagicor Select Manufacturing & Distribution and Supreme Ventures traded at intraday 52 weeks’ lows.
The JSE Main Market activity ended with 42 securities accounting for 36,332,153 units valued at $175,354,038, in contrast to 22,241,264 units valued at $354,166,844 crossing the exchange from 42 securities on Thursday.
Wigton Windfarm led trading with 17 million shares for 46.7 percent of total volume followed by Sagicor Select Financial Fund with 7.2 million units for 19.7 percent of the day’s trade and Sagicor Select Manufacturing & Distribution Fund with 4.3 million units for 12 percent market share. Other stocks trading more than one million units were QWI Investments with 2.2 million units and Sagicor Group, with 1.01 million shares.
The Market closed with an average of 931,593 units valued at $4,496,257 for each security traded, in contrast to 529,554 units valued at an average of $8,432,544 on Thursday. The average volume and value for the month to date amount to 713,099 units at $6,167,490 for each company with stocks changing hands compared to 699,037 units valued at 6,282,646 for each security traded previously. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
IC bid-offer Indicator At the end of trading, the Investor’s Choice bid-offer indicator reading shows 11 stocks ending with bids higher than their last selling prices and 3 stocks closing with lower offers. The PE ratio of the market ended at 14.7, while the Main Market ended at 13.6 times 2019 earnings.
In the Main Market, Barita Investments slipped 35 cents to $50.65, in transferring 122,151 shares, Berger Paints shed 20 to end at $11, in swapping 500 units, Caribbean Cement climbed $1 to $41, with 70,536 stock units changing hands. Eppley Caribbean Property Fund gaining $3.30 to $41, after trading 10,658 shares, Grace Kennedy shed $1.50 in exchanging 284,895 stock units and finished at $56.50, Jamaica Broilers ended at $25, with gains of $1 with 103,859 units changing hands. Jamaica Stock Exchange picked up 45 cents trading 98,476 shares to close at $20, JMMB Group closed $1.29 higher at $36.90, in swapping 71,369 stock units, Kingston Wharves climbed $2 to end at $44, with 1,564 units crossing the exchange. Mayberry Investments fell by 87 cents to close at a 52 weeks’ low of $5 after transferring 50,909 shares, Mayberry Jamaican Equities closed 50 cents higher at $6.50 with an exchange of 145,394 units, NCB Financial climbed $4.99 to $150, in transferring 212,384 units. Portland JSX settled at $7.80, with a loss of $1.10 trading 35,000 stock units, Proven Investments slid to $37, after falling by $2.79 with 8,819 shares crossing the exchange, Sagicor Group dropped $3.10 in swapping 1,012,113 units and closed at $49 after trading down to $43. Sagicor Real Estate Fund shed 99 cents trading 1,100 units to end at $7, Scotia Group dived by $6 to close at $40, with 340,790 shares changing hands, Seprod ended $2.50 higher with a transfer of 191,047 and settled at $37. Victoria Mutual Investments gained 67 cents trading 404,688 shares and closed at $7 and Wisynco Group closed at $14.70 after gaining 70 cents in swapping 540,430 shares.
Trading in the US dollar market ended with 13,080 units for $1,909. The market dropped 4.91 points to close at 204.88. Proven Investments lost 2 cents in transferring 1,305 units and closed at 26 US cents and Sygnus Credit Investments closed 1.3 cents lower and traded 11,775 shares to end at 12.7 US cents.

Prices quoted for trades are those of the last transaction for the trading day.

Big losses in 3 stocks sink JSE majors

Jamaica stocks had another miserable day when trading closed on the Jamaica Stock Exchange on Tuesday after Caribbean Cement dropped $5, NCB Financial dived $15 and investors knocked $17 off the price of Pan Jam Investments.

The JSE Main market is down but the longer-term trend is still intact.

Trading ended with the All Jamaican Composite Index plunging 10,340.57 points to close at 424,491.85, the JSE Market nosediving 9,356.70 points to 386,871.43 and the JSE Financial Index shedding 1.41 points to end at 105.40.
The market closed with 45 securities changing hands in the Main and US dollar markets with the prices of 9 stocks advancing, 25 declining and 11stocks trading firm. The JSE Main Market activity ended with 40 securities accounting 18,310,178 units valued at $212,273,602 in contrast to 19,892,130 units valued at $229,454,953 from 35 securities on Monday.
Wigton Windfarm led trading with 10.5 million shares for 57.6 percent of total volume, as the price closed a 52 weeks’ low of 57 cents. Sagicor Select Financial Fund followed, with 1.4 million shares for 7.7 percent of total volume and Barita Investments with 982,835 shares for 5.4 percent of the day’s trades
The Market closed with an average of 457,754 units valued at an average of $5,306,840 for each security traded, in contrast to 568,347 units valued at an average of $6,555,856 on Monday. The average volume and value for the month to date amount to 712,275 units valued at $5,099,725 for each security changing hands compared to 733,353 units valued at $5,081,024 for each security traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows thirteen stocks ending with bids higher than their last selling prices and five stocks closing with lower offers. The PE ratio of the market ended at 15.3, while the Main Market ended at 14.3 times the 2019 earnings.
In the prime market, Barita Investments closed at $53.50, with a loss of $1 exchanging 982,835 shares, Caribbean Cement declined by $5 to $45, in transferring 163,343 stock units and First Rock shed $1 to end at $10, with an exchange of 93,363 units. Grace Kennedy bounced $2.40 to $58, after trading 92,091 shares, Jamaica Broilers lost $3 and finished at a 52 weeks’ low of $24, after swapping 321,989 units, Jamaica Stock Exchange closed $2.90 lower to $20.60, with 32,232 stock units changing hands. Kingston Wharves gained $1 trading 89,349 shares to end at $46, Mayberry Investments shed 50 cents to close at a 52 weeks’ low of $6.50, in swapping 12,368 units, NCB Financial dived $15 to close at $150, in transferring 407,975 shares. 138 Student Living ended with a loss of $1.20 at $5.50, in trading 5,700 units, PanJam Investment tumbled $17 to $78, after exchanging 23,256 shares, Proven Investments closed 99 cents lower at $40, in swapping 5,965 units. Pulse Investments lost 65 cents to finish at $2.70 trading 715,140 units, Sagicor Group climbed $2.49 to $45.50, with 111,697 stock units crossing the market, Salada Foods closed $2.27 lower to $25, with 1,644 shares changing hands. Scotia Group shed $1.18 to settle at $46.82, in swapping 81,985 stock units, Seprod lost 50 cents trading 42,597 units and closed at $40.50, Supreme Ventures ended at $16, with a loss of $1.82 transferring 459,765 shares. Sygnus Credit Investments lost 75 cents to end at $17.25, in swapping 49,449 shares and Wisynco Group declined by 38 cents to $16.62, after 277,802 shares changed hands.
Trading in the US dollar market ended with 84,273 units valued at over US$21,483. The market declined by 2.66 points to close at 207.82. First Rock Capital traded 1,000 units at 9 US cents, Margaritaville lost half of a cent and ended at 19.5 US cents, after transferring 2,322 units. Proven lost 0.8 of a cent in exchanging 69,991 units to close at 27.20 US cents. Sterling Investments gained 0.1 cent trading 1,600 units to finish at 2.50 US cents and Sygnus Credit Investments ended at 14 US cents, with 9,360 shares changing hands.

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

JSE main market sending positive signals

JSE Main Market suffered a sharp pullback from its peak but is still in an upward trajectory.

Trading on the Jamaica Stock Exchange Main and US dollar markets resulted in stocks gaining outpacing declining ones almost two to one, to send a positive signal of the bottoming out of the markets.
At the close, the JSE All Jamaican Composite Index dived 4,326.14 points to close at 456,092.64, the JSE Market Index dropped 3,813.32 points to 415,475.46 and the JSE Financial Index lost 1.09 points to 114.78. The PE ratio of the market ended at 16.5, while the Main Market ended at 15.5 times 2019 earnings.
The market closed with 41 securities changing hands in the Main and US dollar markets with the prices of 21 advancing, 13 declining and seven trading firm. Four stocks traded at 52 weeks’ intraday lows, including Carreras and Mayberry Investments and closed at a 52 weeks’ low. The JSE Main Market activity ended with 38 securities accounting for 27,349,052 units valued at $173,569,533 in contrast to 60,500,964 units valued at $170,953,012 from 41 securities on Wednesday.
Wigton Windfarm led trading with 18 million shares for 66 percent of total volume, followed by Sagicor Select Financial Fund trading 2.5 million shares for 9 percent and Supreme Ventures with 1.4 million shares for 5 percent market share. The only other stock trading more than 1 million units was Wisynco Group, with 1.1 million shares.
The Market closed with an average of 719,712 units valued at an average of $4,567,619 for each security traded, in contrast to 1,475,633 units valued at an average of $4,169,586 on Wednesday. The average volume and value for the month to date amount to 772,634 units valued at $4,772,738 for each security changing hands, compared to 778,055 units valued at $4,796,287 for each security traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows eight stocks ending with bids higher than their last selling prices and four closing with lower offers.
In the prime market, Barita Investments declined by $2.90 trading 27,448 shares and closed at $57.90, Berger Paints ended $1.40 lower at $12, with 2,000 units changing hands, Caribbean Cement lost $1.50 to finish at $54.99, in swapping 210,063 stock units, after trading at a 52 weeks’ low of $45. Eppley gained 50 cents transferring 400 units to settle at $14, Grace Kennedy climbed $1.64 to end at $59.64, with an exchange of 98,591 shares, Jamaica Broilers gained $1 and closed at $27, after trading 77,551 units. Jamaica Stock Exchange lost $1.28 to close at $21.70, with 262,725 shares changing hands, JMMB Group ended 50 cents lower to $37.50, in transferring 293,675 stock units, Kingston Wharves climbed $2.45 trading 7,057 shares to close at $45.05. MPC Caribbean Clean Energy jumped $18 and ended at $148, trading 200 units, NCB Financial advanced $4.97 to $175, with a transfer of 125,582 shares, PanJam Investment tumbled $5 to $80, with 17,591 shares changing hands. Sagicor Group dropped $1 to finish at $57, after trading 227,486 shares, Sagicor Real Estate Fund slipped to 88 cents, with the swapping of 28,167 shares to close at a 52 weeks’ low of $6.01, Scotia Group fell $1 to end at $50, after exchanging 389,765 shares. Seprod gained $2.55 to close at $44.50, with 109,882 shares changing hands, but only after the price hit a 52 weeks’ low of $35, Supreme Ventures closed at $18.50, with a loss of 50 cents transferring 1,419,961 shares, Sygnus Credit Investments closed at $18.49, after rising 49 cents trading 146,919 shares. Victoria Mutual Investments closed 75 cents higher to $7.95, transferring 391,775 units and Wisynco Group climbed $3.99 to end the day’s trade at $19.99 with 1,050,891 shares changing hands.
Trading in the US dollar market ended with 84,961 units valued at over US$14,974. The market lost 0.24 points to close at 209.08. First Rock traded 60 units at 10 US cents, JMMB Group 6% preference share transferred 3,050 units at US$1 and Sygnus Credit Investments added 0.09 cent to end at 14.10 US cents, in exchanging 81,851 units.

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