Main market stocks indices tumbled on Friday, the last trading day of the month even as more stocks recorded gains than losses but the market is still up 32 percent for the year to date.
At the close, JSE All Jamaican Composite Index declined 2,858.47 points to close at 550,616.84, the JSE Market Index dropped 2,590.18 points to 501,372.48 and the JSE Financial Index lost 0.96 points to close at 136.19.
The market closed with 44 securities changing hands in the main and US dollar markets with 18 stocks advancing, 14 declining and 12 trading firm. Main market activity ended with 40 securities accounting for 37,782,232 units valued at $133,425,390, in contrast to 14,106,882 units valued at $179,446,025 on Thursday from 38 securities.
Sagicor Select Funds dominated trading with 17.7 million shares for 47 percent of the day’s trade, Wigton Windfarm with 12.2 million shares and 32 percent and QWI Investments with 4.5 million shares and 12 percent of the overall volume.
The market closed with an average of 944,556 units valued at an average of $3,335,635 for each security traded, in contrast to 371,234 units for an average of 4,722,264 on Thursday. 
The average volume and value for the month to date amounts to 653,621 units valued at $8,699,916 and previously, an average of 638,084 units valued at $8,537,415 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 19 stocks ending with bids higher than their last selling prices and 1 with lower offers. The PE ratio of the market ended at 18.1 with the main market ending at 19.1 times current year’s earnings.
In the premier market, Barita Investments lost 41 cents to end at $70.59 trading 105,666 shares, Caribbean Cement climbed $1.99 to $79, with 39,047 shares changing hands, Jamaica Broilers gained 99 cents to end at $38, in swapping 49,919 shares. Jamaica Producers rose to $25.50, after gaining $1.50 in swapping 385,895 shares, Jamaica Stock Exchange closed 49 cents higher to $27, with an exchange of 116,951 shares, JMMB Group gained 70 cents to settle at $46.90, with 624,479 shares changing hands. Kingston Wharves added $1.78 to close at $58.78 trading 931 units, Mayberry Investments lost $1.80 to settle at $8.20, in transferring 4,998 shares, Mayberry Jamaican Equities ended at $11.60, after losing 60 cents and swapping 201,944 shares. NCB Financial Group climbed $3 to $208 after 28,093 units changed hands, 138 Student Living gained 40 cents, ending at $4.30, trading 11,608 shares, PanJam Investment settled at $102, after gaining $1 and swapping 19,075 shares. Pulse Investments lost 55 cents to close at $4.20, in an exchange of 100,000 shares, Sagicor Group lost 49 cents to settle at $66.11, with 27,953 shares changing hands, Sagicor Real Estate Fund rose 95 cents to $11.75, with 584,870 shares crossing the exchange. 
Scotia Group dropped $1.98 to $53.02, in transferring 169,848 shares, Seprod ended at $50.89 after losing 80 cents in trading 48,617 shares, Stanley Motta climbed 90 cents to $6.30, after swapping 25,600 units and Sygnus Credit Investments closed 64 cents higher, ending the day at $23.64 with 52,609 shares changing hands.
Trading in the US dollar market closed with 300,150 units valued at US$71,418 with the market index falling 4.48 points to close at 207.39. Productive Business Solutions lost 1 US cent trading 2,125 units, ending the day at 59 US cents, Proven Investments closed at 30.02 US cents, after losing 1.98 US cents in trading 197,049 shares, Sygnus Credit Investments exchanged 69,704 shares at 14 US cents and Sterling Investments lost half a US cent to close at 2 US cents with 31,272 units changing hands.
Buoyant JSE main market
Palace jumps $800 to a record of $2,900.
Jamaica Stock Exchange prime market continues to experience buoyant levels ended with 38 securities accounting for 14,106,882 units valued at $179,446,025, in contrast to 19,155,083 units valued at $180,757,266 from 38 companies trading on Wednesday.
By contrast, for the same period last year, 32 securities traded and resulted in investments of $158,769,688 and on the Wednesday 27 securities changed hands accounting to $136,855,615.
The market closed on Thursday, with 40 securities changing hands in the main and US dollar markets with 17 advancing, 12 declining and 11 trading firm. Trading resulted in the JSE All Jamaican Composite Index inching 7.67 points higher to 553,475.31, the JSE Market Index rose 102.37 points to 503,962.66 and the JSE Financial Index added 0.11 points to close at 137.15.
Wigton Windfarm dominated trading with 5.3 million shares for 38 percent of the day’s trade, Sagicor Select Funds with 3.4 million units and 24 percent and QWI Investments with 2 million shares and 14 percent. Barita Investments was the only other stock trading more than 1 million shares ending with 1.48 million units amounting to 11 percent of the day’s trade but with $104 million accounting for 58 percent of the total value in the min market.
The market closed with an average of 371,234 units at $4,722,264 for each security traded, in contrast to 504,081 units for an average of 4,756,770 on Wednesday. The average volume and value for the month to date amounts to 638,084 units for $8,537,415 and previously, an average of 652,346 units valued at $8,751,876 for each security changing hands. The market closed out October with an average of 957,488 units for $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 13 stocks ending with bids higher than their last selling prices and 2 with lower offers. The PE ratio of the market ended at 18.0 with the main market ending at 18.9 times 2019 current year’s earnings.
In the premier market, Barita Investments closed $1 lower to $71, in exchanging 1,477,914 shares, Eppley Caribbean Property Fund climbed $2.90 to end at $35.90, with 2,900 stock units changing hands, Grace Kennedy added 56 cents to close at $65.0, in exchanging 372,028 units, Jamaica Broilers lost 99 cents to settle at $37..01 trading 35,432 shares. Jamaica Producers gained $1 to end at $24, after swapping 11,992 stock units, Jamaica Stock Exchange lost 49 cents in trading 51,320 units to close at $26.51, JMMB Group dropped $1.65 to settle at $46.20, with 287,342 units changing hands. 
Kingston Wharves climbed $2 to $57 trading just 250 units, Mayberry Investments gained $1 to close at $10, with 46,680 shares changing hands, Mayberry Jamaican Equities ended at $12.20, after gaining $1.20 in swapping 181,769 stock units, MPC Caribbean Clean Energy closed 50 cents higher to $230, after 797 units changed hands. 138 Student Living lost 72 cents and ended at $3.90 with 100,000 shares trading, Palace Amusement surged $800 higher to a record high of $2,900 in trading a mere 100 units, PanJam Investment traded 1,300 shares and settled at $101, after losing $1. Portland JSX rose 40 cents to $8.50, after exchanging 2,203 stock units, Proven Investments closed $1.50 higher to $48, in an exchange of 10,336 shares. Sagicor Group lost 40 cents to settle at $66.60, with 40,625 stock units changing hands, Sygnus Credit Investments ended at $23 with gains of 65 cents trading 26,000 shares and Wisynco Group closed 99 cents higher, ending the day at $24 with 101,734 units changing hands.
Trading in the US dollar market closed with 307,111 units valued at US$103,211 with the market index declining 3.21 points to close at 211.87. Proven Investments closed at 32 US cents, after gaining 1.8 US cents trading 302,111 shares and JMMB Group 5.75% preference share gained 2 US cents to end at US$2.02 with 5,000 shares changing hands.
JSE majors heading higher
The Jamaica Stock Exchange ended trading on Wednesday with the premier market indices gaining more than 1,000 points and leaving the indices with overall positive gains for the week-to-date and the market being at the highest point since mid-month.
The JSE All Jamaican Composite Index advanced by 1,199.81 points to close at 553,467.64, the JSE Market Index increased 1,126.17 points to 503,860.29 and the JSE Financial Index added 0.41 points to close at 137.04.
The market closed with 40 securities changing hands in the main and US dollar markets with 10 stocks advancing, 20 declining and 10 trading firm. Main market activity ended with 38 securities accounting for 19,155,083 units valued at $180,757,266, in contrast to 34,952,276 units valued at $127,514,628 on Tuesday from 37 securities.
Sagicor Select Funds dominated trading with 8.4 million shares for 44 percent of the day’s trade, Wigton Windfarm with 3.8 million shares and 20 percent and QWI Investments with 2 million shares and 11 percent of total volume. JMMB Group was the only other stock trading with more than 1 million shares ending with 1.85 million units amounting to 10 percent of trading.
The market closed with an average of 504,081 units valued at an average of $4,756,770 for each security traded, in contrast to 944,656 units for an average of 3,446,341 on Tuesday. The average volume and value for the month to date amounts to 652,346 units valued at $8,751,876 and previously, an average of 660,717 units valued at $8,989,829 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 13 stocks ending with bids higher than their last selling prices and 3 with lower offers. The PE ratio of the market ended at 17.8 with the leading market ending at 18.7 times 2019 current year’s earnings.
In the primary market, Caribbean Cement slid $2 to end at $77, with 7,650 shares changing hands, Grace Kennedy added $1.95, to close at $64.45 in transferring 20,904 shares, Jamaica Producers lost $1.10 to close at $23, with an exchange of 36,298 shares. JMMB Group closed 85 cents higher at $47.85, after swapping 1,850,978 shares Kingston Wharves dropped $2.25 to settle at $55 trading 6,035 shares, Mayberry Investments lost $1 to close at $9, with 913,998 shares changing hands, Mayberry Jamaican Equities ended at $11, after falling $2.10 and transferring 143,391 shares. 
MPC Caribbean Clean Energy closed 50 cents lower to $229.50 after 304 units changed hands, 138 Student Living gained 72 cents, ending at $4.62 with 10,026 shares traded, PanJam Investment settled at $102, after losing 50 cents and swapping 14,385 shares. Proven Investments dipped by $1.50 to $46.50, in an exchange of 16,822 shares, Sagicor Group added $1 to close at $67, with 49,907 shares changing hands, Scotia Group climbed $2 to $55 trading 19,362 stock units, Stanley Motta closed 45 cents higher to $5.60, with 17,450 units crossing the market and Wisynco Group lost 49 cents and ending at $23.01 with 154,935 shares changing hands.
Trading in the US dollar market closed with 347,532 units valued at US$108,225, with the market index advancing 6.53 points to close at 215.08. Proven Investments lost 0.02 US cents to end at 30.02 US cents, after trading 341,207 shares and Sterling Investments gained 0.03 US cents to end at 2.5 US cents with 6,325 shares changing hands.
JSE main market in consolidation mode
Activities picked up a bit on the Jamaica Stock Exchange primary market on Tuesday but left the market in a stalemate with an almost equal number of securities rising and falling as the market tries to claw its way higher ahead of the final month of 2019.
At the close, the All Jamaican Composite Index dipped 432.09 points to close at 552,267.83, the JSE Index lost 548.28 points to 502,734.12 while the JSE Financial Index gained 0.16 points to close at 136.63.
The market closed with 40 securities changing hands in the main and US dollar markets with 15 stocks advancing, 14 declining and 11 stocks trading firm. Main market activity ended with 37 securities accounting for 34,952,276 units valued at $127,514,628, in contrast to 17,983,605 units valued at $109,287,271 on Monday from 38 securities.
Sagicor Select Funds dominated trading with 16 million shares for 46 percent of the day’s trade, Wigton Windfarm with 13.2 million shares and 38 percent and QWI Investments with 1.7 million shares and 4.9 percent of total volume.
The market closed with an average of 944,656 units valued at an average of $3,446,341 for each security traded, in contrast to 473,523 units for an average of 2,875,981 on Monday. The average volume and value for the month to date amounts to 660,717 units valued at $8,989,829 and previously, an average of 644,199 units valued at $9,331,109 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 15 stocks ending with bids higher than their last selling prices and 9 with lower offers. The PE ratio of the market ended at 17.7, with the traditional market ending at 18.6 times 2019 current year’s earnings.
In the premier market, Barita Investments climbed $2 higher to $72 after trading 42,782 shares, Caribbean Cement lost $1 to settle at $79, after exchanging 5,766 shares, Eppley Caribbean Property Fund dropped $3.60, in ending at $33 with 850 units traded. Eppley gained 50 cents to close at $15, in swapping 700 shares, Grace Kennedy rose by 50 cents to $62.50, while transferring 82,359 units, 
Jamaica Broilers lost $2 to close at $38, with an exchange of 32,186 shares, Jamaica Stock Exchange climbed $1.80 to finish at $26.80 after 807,402 shares changed hands. Mayberry Investments closed with a rise of $1.80 to $10, in transferring 92,283 stock units, 138 Student Living lost 40 cents, ending the day at $3.90 with 515,355 units changing hands. PanJam Investment climbed to $102.50, with gains of $1.40 in swapping 2,730 shares, Sagicor Group closed $1 higher to $66, with an exchange of 281,208 stock units, Seprod climbed $1.37 higher to $51.99, with 19,942 units traded and Wisynco Group lost 50 cents in ending at $23.50 with 66,497 shares crossing the market.
Trading in the US dollar market closed with 482,671 units valued at US$154,386, with the market index declining 5.63 points to close at 208.55. Proven Investments gained 0.45 cents and closed at 32 US cents while trading 469,420 shares, JMMB Group 6% preference share closed at US$1.01, losing 1 US cent, with 13,070 units changing hands and Sygnus Credit Investments ended at 14 US cents with an exchange of 181 units.
JSE main market rally
The Jamaica Stock Exchange main market surged forward on Monday with the All Jamaican Composite Index rising 2,208.01 points to close at 552,699.92, while the JSE Index gained 1,955.43 points to 503,282.40 and the JSE Financial Index inched 0.11 points higher to 136.477
The market closed with 41 securities changing hands in the main and US dollar markets with 12 stocks advancing, 17 declining and 12 stocks trading firm. Main market activity ended with 38 securities accounting for 17,983,605 units valued at $109,287,271, in contrast to 16,239,630 units valued at $138,772,724 on Friday from 35 securities.
Sagicor Select Funds dominated trading with 9.4 million shares for 52 percent of the day’s trade after hitting an intraday low of $1. Wigton Windfarm followed with 4.3 million shares for 24 percent main market volume after moving to an intraday record high of $1.15 and Jamaica Stock Exchange with 1.17 million shares and 6.5 percent. QWI Investments traded at an all-time low of $1.
The market closed with an average of 473,523 units valued at an average of $2,875,981 for each security traded, in contrast to 463,989 units for an average of 3,964,935 on Friday. The average volume and value for the month to date amounts to 644,199 units valued at $9,331,109 and previously, an average of 655,062 units valued at $9,766,801 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 13 stocks ending with bids higher than their last selling prices and 5 with lower offers. The PE ratio of the market ended at 17.9 with the main market ending at 18.8 times 2019 current year’s earnings.
In main market activity, Caribbean Cement jumped $4.96 to close at $80, with 27,200 shares changing hands, Eppley Caribbean Property Fund closed $1.40 lower at $36.60, with the trading of 299 units, Eppley ended at $14.50 after falling $1.40 and swapping 1,535 stock units. Grace Kennedy slid $2 to end at $62, in trading 17,288 shares, Jamaica Broilers gained $2 to close at $40 with an exchange of 33,910 shares, Jamaica Stock Exchange dropped $5.38, settling at $25 after 1,172,512 shares crossed the exchange, JMMB Group rose 99 cents to end at $46.99, with exchanging 616,089 shares. 
Kingston Wharves closed $1.53 lower to $57.25, with 2,600 units changing hands, Mayberry Investments lost 30 cents in transferring 28,450 shares to settle at $8.20, Mayberry Jamaica Equities closed $1.10 higher at $13.30 trading 207,200 units. 138 Student Living added 42 cents, ending the day at $4.30, transferring 626 shares, PanJam Investment lost 90 cents to close at $101.10 with 537 units trading. Proven Investments added 50 cents to $48, after exchanging 21,603 units, Pulse Investments rose to $4.55 with gains of 55 cents while trading 106,793 shares, Scotia Group tumbled to $52.95 with a fall of $2.05 in transferring 105,340 shares and Seprod closed 38 cents lower to $50.62, with 43,247 units changing hands.
Trading in the US dollar market closed with 31,272,177 units valued at US$9,869,582, with the market index losing 1.70 points to close at 214.18. Proven Investments lost 0.45 US cents to close at 31.15 US cents in the trading 31,265,399 shares, JMMB Group 6% preference share closed at US$1.02 exchanging 1,700 units and Sygnus Credit Investments ended at 14 US cents with 1,778 units changing hands.
JSE majors searching for direction
The JSE market indices declined marginally for the third consecutive day on Friday even as more stock rose than fall as investors continue to search for a longer-term direction for stocks.
The All Jamaican Composite Index declined 528.54 points to close at 550,491.91, while the JSE Index lost 478.93 points to 501,326.97 and the JSE Financial Index dipped 0.19 points to close at 136.36.
The market closed with 38 securities changing hands in the main and US dollar markets with the prices of 15 stocks advancing, 11 declining and prices of 12 stocks trading unchanged. Main market activity ended with 35 securities accounting for 16,239,630 units valued at $138,772,724, in contrast to 36,435,491 units valued at $481,608,400 on Thursday from 36 securities.
Sagicor Select Funds dominated trading with 8 million shares for 49.5 percent of the day’s trade, Wigton Windfarm with 4.3 million shares for 26.3 percent of total volume and QWI Investments with 919,163 shares with 5.7 percent of total volume.
The market closed with an average of 463,989 units valued at an average of $3,964,935 for each security traded, in contrast to 1,012,097 units for an average of $13,378,011 on Thursday. The average volume and value for the month to date amounts to 655,062 units valued at $9,766,801 and previously, an average of 666,940 units valued at $10,151,395 for each security changing hands. The market closed October with an average of 957,488 units valued at $13,947,047 for each security traded.
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 with lower offers. The PE ratio of the market ended at 17.3 with the primary market ending at 18.8 times 2019 current year’s earnings.
In main market activity, Berger Paints closed 70 cents higher to $16.70, with 17,737 shares traded, Carreras gained 50 cents to settle at $8.55, with 47,337 units changing hands, Grace Kennedy lost 30 cents to end at $64, in swapping 17,728 shares. Jamaica Producers closed $1 higher to $24 trading 101,198 shares, JMMB Group rose $1.05 to $46 exchanging 616,089 shares, Kingston Wharves climbed $1.53 to $58.78, with 315 units traded, Mayberry Jamaican Equities closed at $12.20, after losing 80 cents trading 198,974 units. 
NCB Financial Group dropped $5 to close at $205, in exchanging 49,914 units, 138 Student Living gained 38 cents, ending the day at $3.88, in transferring 43,183 shares. Proven Investments climbed 50 cents to $47.50, after trading 17,142 units, Scotia Group lost 55 cents to settle at $55, in swapping 82,307 shares, Stanley Motta closed 30 cents lower to $5.15, with 27,800 units exchanged and Sygnus Credit Investments gained 30 cents trading 100 units, ending the day’s trade at $22.30.
Trading in the US dollar market closed with 16,990 units valued at US$8,483 with the market index adding 0.34 points to close at 215.88. Proven Investments closed 1 US cents higher to 32 US cents trading 14,185 shares, JMMB Group 6% preference share settled at US$1.02 exchanging 1,700 units and JMMB Group 5.75% preference share ended the day’s trade at US$2 with 1,150 units changing hands.
JSE main market slips
Market activity on the Jamaica Stock Exchange rebounded on Tuesday with all major indices slipping from the revised close on Tuesday.
The All Jamaican Composite Index declined 188.29 points to close at 551,914.19, while the JSE Index slid 126.26 points to 502,615.76 and the JSE Financial Index lost 0.37 points to close at 136.29.
The market closed with 39 securities changing hands in the main and US dollar markets with 12 advancing, 16 declining and 11 trading firm. Main market activity ended with 37 securities accounting for 70,895,481 units valued at $2,991,514,213, in contrast to 23,890,869 units valued at $153,275,236 on Tuesday from 33 securities.
Jamaica Broilers dominated trading with 37.7 million shares for 53 percent of total volume, followed by Wigton Windfarm with 16.3 million units accounting for 23 percent of the day’s trade and NCB Financial Group with 7.5 million shares and 11 percent.
The market closed with an average of 1,916,094 units valued at an average of $80,851,735 for each security traded, in contrast to 723,966 units for an average of $4,644,704 on Tuesday. The average volume and value for the month to date amounts to 642,143 units valued at $9,895,189 and previously, an average of 546,143 units valued at $4,137,949 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 13 stocks ending with bids higher than their last selling prices and 6 with lower offers. The PE ratio of the market ended at 17.5, with the primary market ending at 18.4 times 2019 current year’s earnings.
In main market activity, Barita Investments closed $1 higher at $70 after exchanging 3,366 shares, Caribbean Cement slid $4 to end at $74, in swapping 24,973 shares, Eppley Caribbean Property Fund gained $1.95 to settle at $38 trading 100 units, Grace Kennedy ended at $62.51, after losing $1.49 transferring 10,572 shares. Jamaica Broilers closed $2 lower at $35, with 37,716,100 shares crossing the exchange. Jamaica Producers gained $1.94 to end at $24 after 2,535 shares changed hands, Jamaica Stock Exchange slumped to $28.50, with a loss of $2.95 after exchanging 119,284 shares, 
JMMB Group gained $2.50 to close at $45.50 with 26,911 shares changing hands. Kingston Wharves closed $2.50 higher at $60.50 with an exchange of 8,765 units, Mayberry Investments lost $1.12 to settle at $7.28, with 300 units traded. NCB Financial rose $4.94 to $209.94, after trading 7,493,008 shares, Proven Investments tumbled to $45, after losing $5 in exchanging 19,185 units. Sagicor Group lost 48 cents to end at $64.52, after transferring 46,008 shares, Salada Foods advanced $3 to $32 in trading 600 units, Scotia Group slid $2 to settle at $53, in swapping 12,614 shares. Seprod added $1 to close at $52, with 20,373 units changing hands and Wisynco added 99 cents to settle at $24.99 with 106,904 shares crossing the exchange.
Trading in the US dollar market closed with 121,809 units valued at US$19,012, with the market index falling 0.38 points to close at 210.21. Proven Investments gained 0.5 US cents to close at 0.305 US cents trading 11,871 shares and Sygnus Investments exchanged 109,938 units at 14 US cents.
JSE main market climbs – Tuesday
Market activity on the Jamaica Stock Exchange rebounded on Tuesday with all primary indices enjoying robust gains with trading resulted in just less than half the value that traded on Monday.
At the close, the All Jamaican Composite Index advanced 5,093.96 points to close at 552,708.44, while the JSE Index gained 4,615.69 points to 503,291.09 and the JSE Financial Index added 1.83 points to close at 136.75.
The market closed with 34 securities changing hands in the main and US dollar markets with 14 advancing, 12 declining and 8 trading firm. Main market activity ended with 33 securities accounting for 23,890,869 units valued at $153,275,236 in contrast to 26,997,864 units valued at $314,531,311 on Monday from 37 securities.
Wigton Windfarm dominated trading with 14.1 million shares for 59 percent of total volume, followed by Sagicor Select Funds with 5.2 million units accounting for 22 percent of the day’s trade and QWI Investments with 2.5 million shares and 10 percent.
The market closed with an average of 723,966 units at $4,644,704 for each security traded, in contrast to 729,672 units for an average of $8,500,846 on Monday.
The average volume and value for the month to date amounts to 546,143 units valued at $4,137,949 and previously, an average of 533,330 units valued at $4,098,200 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ending with bids higher than their last selling prices and 8 with lower offers. The PE ratio of the market ended at 17.4, with the main market ending at 18.3 times 2019 current year’s earnings.
In main market activity, Barita Investments dropped $1.30 to end at $69 after trading 39,757 shares, Caribbean Cement advanced $3 to close at $78, in exchanging 15,689 shares, Eppley gained $1.79 to settle at $ 15.95, with 9,998 units crossing the exchange. Grace Kennedy ended at $64, after rising $1 and trading of 19,561 shares, Jamaica Broilers closed $4 higher to $37 with a transfer of 24,991 shares, Jamaica Producers lost $1.74 to end at $22.06, after swapping 6,028 shares. Jamaica Stock Exchange rose by $3.25 to $31.45, in exchanging 22,916 shares, Kingston Wharves closed $2 lower to $58 with 2,237 units changing hands, Mayberry Investments gained 40 cents to close at $8.40, with 1,100 units trading, Mayberry Jamaican Equities closed at $12, after climbing 75 cents with 145,216 units changing hands.
NCB Financial tumbled to $205, after losing $5 trading 472,382 units, PanJam Investment closed $1 higher to $104, in swapping only 854 units, Portland JSX lost 40 cents to settle at $8.10 with 2,036 shares changing hands. Proven Investments jumped $5 to close at a 52 weeks’ closing high of $50, after trading a mere 600 stock units, Sagicor Real Estate Fund lost 50 cents to end at $10.80, in exchanging 655,288 shares. Seprod gained 50 cents to close at $51, with 7,451 units changing hands, Sygnus Investments ended at $22 with a loss of $1 and trading 55,300 shares and Wisynco closed $1 higher at $24 with 115,573 shares crossing the exchange.
Trading in the US dollar market closed with 124,001 units valued at US$37,941, with the market index rising 1.89 points to close at 210.59. Proven Investments, the only stock traded, lost 3 US cents to end the day’s trade at 30 US cents.
JSE main market drop
The major indices on the Jamaica Stock Exchange lost more ground on Monday following Friday’s 5,000 points fall as trading resulted in lower volumes and higher value passing through the market, with investors having some new stock offers in which to invest.
At the close of trading, the All Jamaican Composite Index shedding 3,914.87 points to close at 547,614.48, while the JSE Index dropped 3,497.38 points to 498,675.40 and the JSE Financial Index lost 1.38 points to close at 134.92.
The market closed with 40 securities changing hands in the main and US dollar markets with 7 rising, 21 declining and 12 closing unchanged. Main market activity ended with 37 securities accounting for 26,997,864 units valued at $314,531,311 in contrast to 43,823,390 units for $226,040,673 on Friday, from 33 securities.
Sagicor Select Funds dominated trading with 12.4 million shares for 46 percent of total volume, followed by Wigton Windfarm with 7 million units accounting for 25.8 percent of the day’s trade and Jamaica Broilers with 2.3 million shares and 8.4 percent. QWI Investments traded 1.2 million shares and Sagicor Group 1 million units to be the other entities trading more than a million shares.
The market closed with an average of 729,672 units valued at an average of $8,500,846 for each security traded. In contrast to 1,327,982 units for an average of 6,849,717 on Friday. The average volume and value for the month to date amounts to 533,330 units valued at $4,098,200 and previously, an average of 516,075 units valued at $3,676,184 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ending with bids higher than their last selling prices and 7 with lower offers. The PE ratio of the market ended at 17.3, with the main market stocks ending at 18 times 2019 current year’s earnings.
In main market activity, Barita Investments closed 70 cents lower to $70.30 in trading 3,527 shares, Berger Paints dropped $1 to settle at $17, after exchanging 57,618 units, Caribbean Cement lost 50 cents swapping 180,833 shares, to end at $75. Carreras gained 44 cents to close at $8.74, with 51,623 shares changing hands, Eppley closed $1.84 lower to $14.16 with 1,310 units crossing the exchange, Grace Kennedy dropped $2 in ending at $63 and trading 38,275 shares, Jamaica Broilers slid $2 and closing at $33 with of 2,264,273 shares changing hands. Jamaica Stock Exchange dropped $4.80 to settle at $28.20, after swapping 329,832 shares, following the release of nine results last week, showing the stock price to be overly extended, at a PE ratio of well over 30. Kingston Wharves fell 50 cents to $60 with 2,974 units changing hands, Mayberry Investments lost $2 to close at $8, with 300,000 units traded, Mayberry Jamaican Equities ended the day’s trade at $11.25, after losing 75 cents with an exchange of 4,126 units. 
NCB Financial gained to close at $210 after trading 240,157 units, Sagicor Real Estate Fund added 50 cents to end at $11.30 with 35,054 shares crossed the exchange, Scotia Group declined 55 cents to end at $55, in trading 379,879 shares. Stanley Motta lost 55 cents to close at $5.45, with 2,000 shares crossing the exchange, Supreme Ventures ended at $26, falling 50 cents and trading 48.778 units, ending the day’s trade at $23 and Wisynco Group settled at $23 after falling 50 cents and previously trading as high as $26, early in the trading session with 616,356 shares changing hands. The increased interest comes as reports are that the company is enjoying strong sales in the final quarter of the year.
Trading in the US dollar market closed with 475,526 units valued at US$135,657, with the market declining 13.24 points to close at 208.70. Proven Investments gained 2.5 US cents to close at a 52 weeks’ closing high of 33 US cents after exchanging 445,794 units, Sterling Investments closed at 2.2 US cents after falling 0.2 US cents in trading 22,803 units and Sygnus Credit Investments closed at 14 US cents with 6,929 units changing hands.
Sizable gains for JSE main market
Market activity on the Junior Market resulted in the major indices recording more gains on Thursday and bringing the increase for the week to 11,719.17 points as the market continues to recover from its 42,772.34 fall from the peak in early August.
The market closed with the All Jamaican Composite Index climbing 2,648.71 points to 556,709.48, the JSE Index advancing 2,402.96 points to 506,866.54 and the JSE Financial Index posting 0.66 points to end at 137.80.
The market activity led to 38 securities changing hands in the main and US dollar markets with 14 advancing, 13 declining and 11 trading firm. Main market activity ended with 36 securities accounting for 24,330,188 units valued at $89,041,566 in contrast to 20,477,665 units valued at $53,408,633 on Wednesday from 33 securities.
Sagicor Select Funds dominated trading with 10.8 million shares for 44 percent of total volume, followed by Wigton Windfarm with 7.8 million units accounting for 32 percent of the day’s trade and QWI Investments with 4 million shares and 16 percent. 1834 Investments closed at a 52 weeks’ high of $1.25 after trading at $1.26 earlier, while Proven Investments US dollar listed stock traded at a 52 weeks’ high of 30.5 US cents.
The market closed with an average of 675,839 units valued at an average of $2,473,377 for each security traded, in contrast to 619,626 units for an average of 1,618,443 on Wednesday. The average volume and value for the month to date amounts to 447,021 units valued at $3,379,509 and previously, an average of 423,619 units valued at $3,482,413 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
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 6 with lower offers. The PE ratio of the market ended at 17.1, with the main market ending at 17.8 times 2019 current year’s earnings.
In main market activity, Caribbean Cement traded 5,290 stock units and closed at $75.50, after losing $1.49, Eppley Caribbean Property Fund gained $1 to settle at $36, with 9,750 shares changing hands, Grace Kennedy closed $1 higher to $$67, in swapping 12,774 units. Jamaica Broilers added 62 cents to close at $36.42, trading 12,749 shares, Jamaica Producers lost 39 cents to end at $24.05, with an exchange of 11,146 shares, Jamaica Stock Exchange lost 44 cents to settle at $34.56 after 21,889 stock units passed through the market.
Kingston Properties lost 62 cents while trading 1,680 units, to end at $5.30, Kingston Wharves gained $1 to close at $61 with 820 shares changing hands, Mayberry Investments closed 70 cents lower to $7.40, with 8,910 units traded, Mayberry Jamaican Equities lost 30 cents to end at $12 exchanging 5,350 shares. NCB Financial ended at $213.10, after rising $1.10 with a transfer of 131,716 units, Portland JSX closed at $8.10, after losing 40 cents with 100 units trading, Salada Foods dropped $1, in ending at $29 with 500 units crossing the exchange. Seprod rose by $1.03 to $51.53, with 8,274 shares changing hands, Supreme Ventures gained 49 cents, ending the day’s trade at $26.49 with 76,054 shares traded, Victoria Mutual Investments closed 30 cents higher to settle at $8.30, with 272,572 shares changing hands and Wisynco Group lost 50 cents to close at $23, with 57,193 shares crossing the exchange.
Trading in the US dollar market closed with 5,449,518 units valued at US$1,638,052 with the market adding 1.77 points to close at 210.34. Proven Investments traded 5,306,625 units at 30 US cents and Sygnus Credit Investments closed at 14 US cents with 142,893 units changing hands.
