Declining stocks were the dominant feature of trading activity on Tuesday, with the market indices falling for a second consecutive day after almost twice the number of stocks declined than those gaining, with the volume of shares traded climbing 78 percent and the value rising 34 percent above Monday levels, at the close of the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index declined by 1,098.23 points to 455,660.38, the JSE Main Index dropped 1,177.18 points to end at 417,326.17 and the JSE Financial Index shed 0.31 points to close at 102.46.
Trading ended with 50 securities down from 51 on Monday, with the prices of 16 rising, 26 declining and eight remaining unchanged. The PE Ratio, a measure that determines the appropriate value stocks, averages 16.4 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 13,712,829 shares trading for $174,075,107, up from 7,709,340 units at $130,066,476 on Monday. Wigton Windfarm led trading with 15.7 percent of total volume for 2.15 million shares followed by Sagicor Select Financial Fund 12.5 percent, with 1.72 million units, Wisynco Group 12.5 percent, with 1.71 million units, Radio Jamaica 12.4 percent, after trading 1.70 million units and Transjamaican Highway 7.7 percent after exchanging 1.06 million units.
Trading averaged 274,257 units at $3,481,502, compared to 151,164 shares at $2,550,323 on Monday. Trading month to date averages 327,152 units at $17,042,482, in contrast to 330,103 units at $17,799,233 on Monday. June ended with an average of 249,610 units at $3,877,606.
Investor’s Choice bid-offer indicator shows 13 stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments rose $1.20 to $84.70 with the swapping of 5,696 shares, Berger Paints shed $1.73 to finish at $13.10 after an exchange of 5,700 units, Caribbean Cement gained 50 cents to close at $93 in trading 22,003 stocks. Caribbean Producers lost 45 cents to settle at $4.55 in switching ownership of 408,848 stock units, Eppley declined $3.40 to end at $36.10 in transferring 787 units, Eppley Caribbean Property Fund climbed $1 to end at $43 with 3,368 stock units changing hands. First Rock Capital fell $1.04 to finish at $13.50 in an exchange of 65,704 shares, Grace Kennedy shed 22 cents in closing at $99 with the swapping of 565,520 units, Guardian Holdings dropped $7 to $641 in trading 4,495 stock units. Jamaica Broilers lost 50 cents at $36 in switching ownership of 618,309 stocks, Jamaica Stock Exchange rallied 33 cents to $17.83 with the swapping of 39,371 units, JMMB Group slipped 43 cents to $38.25 after clearing the market of 168,439 shares. Key Insurance picked up 29 cents to close at $4.80 with 162,141 stock units changing hands, Kingston Wharves shed 99 cents to $48 with a transfer of 68 units, Mayberry Jamaican Equities lost 38 cents to finish at $8.67 with an exchange of 2,242 shares. MPC Caribbean Clean Energy jumped $18.51 to $138 after 64 units cleared the market, NCB Financial spiked $2.50 to $141.50 in trading 31,831 stock units, Palace Amusement bolted $41 to $1,021 with the swapping of 4 stocks.
Proven Investments popped 89 cents to $34.99 with 33,406 units clearing the market, Sagicor Group rose $2.08 to $56 with 20,997 shares crossing the exchange, Scotia Group spiked 29 cents to $38.99, with 58,593 stocks trading. Seprod popped 50 cents to $70.50 in transferring 404,614 units, Sterling Investments shed 20 cents to end at $2.80 with the swapping of 350,000 stock units and Wisynco Group gained 29 cents to finish at $15.99 in switching ownership of 1,714,772 shares.
In the preference segment, Eppley 7.50% preference shares fell $1.91 to end at $12.89, with 1,900 units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The All Jamaican Composite Index fell 1,091.39 points to 456,758.61, the JSE Main Index shed 853.02 points to end at 418,503.35 and the JSE Financial Index slipped 0.48 points to 102.77.
QWI Investments with 7.7 percent for 594,882 units.
Portland JSX advanced $1.20 to $9.20 with the swapping of 541 units, Proven Investments fell 90 cents to $34.10 after exchanging 15,417 shares, Radio Jamaica spiked 11 cents to end trading at a 52 weeks’ closing high of $2.15, with 578,444 shares clearing the market. Sagicor Group dropped $1.83 to $53.92 with the transfer of 55,508 units and Seprod gained 90 cents to end at $70 in exchanging 83,359 stocks.
The All Jamaican Composite Index popped 853.62 points to 457,850.00, the JSE Main Index dipped 52.77 points to 419,356.37 and the JSE Financial Index inched 0.08 points higher to 103.25.
Trading averaged 320,037 units at $2,141,728, compared to 240,337 shares at $897,464 on Thursday. Trading month to date averages 340,903 units at $18,719,581, in contrast to 342,188 units at $19,740,077 on Thursday. June ended with an average of 249,610 units at $3,877,606.
Palace Amusement dived $120 to $980 with 102 stocks crossing the exchange, Scotia Group lost 37 cents to $38.75 in trading 126,690 shares, Seprod rallied $1.98 to $69.10 in switching ownership of 90,663 stock units, Sterling Investments gained 20 cents to finish at $3 in exchanging 101,297 units and Supreme Ventures popped 30 cents to close at $19.25 with the swapping of 201,367 shares.
At the close, the All Jamaican Composite Index added 1,435.41 points to 456,996.38, the JSE Main Index rose 944.89 points to end at 419,409.14 and the JSE Financial Index lost 0.07 points to 103.17.
Trading averaged 240,337 units at $897,464, compared to 139,495 shares at $1,919,540 on Wednesday. Trading month to date, averages 342,188 units at $19,740,077, in contrast to 349,306 units at $21,057,034 on Wednesday. June ended with an average of 249,610 units at $3,877,606.
Radio Jamaica popped 7 cents to end at a 52 weeks’ closing high of $2.12 after hitting a high of $2.35 in trading 4,244,290 stock units, Sagicor Group rose 60 cents to $55.60 with the swapping of 7,350 units, Scotia Group rallied 42 cents to $39.12 in exchanging 36,715 shares, Seprod fell $2.07 to $67.12 in transferring 5,569 units, Sterling Investments lost 20 cents to end at $2.80 in exchanging 140,000 stock units, Supreme Ventures dipped 24 cents to $18.95 in trading 94,131 shares and Victoria Mutual Investments popped 40 cents to end at $6.40 in switching ownership of 13,298 stock units.
At the close, the All Jamaican Composite Index advanced 1,662.75 points to 455,560.97, the JSE Main Index climbed 2,127.16 points to end at 418,464.25 and the JSE Financial Index rose 0.88 points to 103.24.
At the close, Barita Investments shed 59 cents to end at $83.41 with a transfer of 839,640 shares, Berger Paints spiked 90 cents to $13.90 in exchanging 20 stock units, Caribbean Cement popped $1.25 to $92.75 with 1,654 units crossing the market. Eppley Caribbean Property Fund spiked $1.85 to $43 with the swapping of 27 stocks, Grace Kennedy lost 49 cents to close at $99.50 in switching ownership of 12,187 units. Guardian Holdings surged $24 to $670 in trading 526 stocks, Kingston Properties rallied 85 cents to $9.90 in exchanging 6,700 stock units, Kingston Wharves declined $2.32 to $47.60, with 11,630 shares changing hands. Margaritaville fell 25 cents to $14.50 with 8,513 units crossing the exchange, Mayberry Investments shed 45 cents to $5.70 with the swapping of 3,760 shares, Mayberry Jamaican Equities fell 25 cents to $9.05 in switching ownership of 36,860 stocks. NCB Financial rose 99 cents to $139.99 in switching ownership of 21,567 stock units, Palace Amusement climbed $40 to $1,100 in trading 124 stocks, PanJam Investment slipped $1 to $64 after an exchange of 6,052 units. Portland JSX rose 83 cents to $8 in trading 179 stock units, Proven Investments picked up 40 cents to close at $34.50 after trading 31,665 stocks, Radio Jamaica popped 5 cents to end at a 52 weeks’ high of $2.05 while exchanging 842,024 shares.
Sagicor Group advanced $3 to $55 in switching ownership of 61,758 shares, Seprod fell 80 cents to $69.19 with 17,791 shares changing hands, Sterling Investments gained 20 cents to end at $3 with 163,311 units crossing the market and Sygnus Credit Investments lost 38 cents after ending at $14.72 in trading 20,833 units.
At the close, the All Jamaican Composite Index fell 587.12 points to 453,898.22, the JSE Main Index shed 595.66 points to end at 416,337.09 and the JSE Financial Index slipped 0.30 points to 102.36.
Trading averaged 928,081 units at $5,234,041, compared to 291,157 shares at $1,401,376 on Monday. Trading month to date averages 365,726 units at $22,554,751, in contrast to 322,738 units at $23,878,799 on Monday. June ended with an average of 249,610 units at $3,877,606.
PanJam Investment popped $3.99 to $65 after exchanging 1,110 stock units, Sagicor Group slipped $3 to $52 with the swapping of 110,420 stocks, Sagicor Select Manufacturing & Distribution Fund popped 5 cents to 90 cents, with 440,711 stock units crossing the market. Scotia Group dipped 25 cents to $38.75, with 12,993 units crossing the exchange and Victoria Mutual Investments lost 49 cents after ending at $6 with 107,913 shares changing hands.
The All Jamaican Composite Index declined 1,348.65 points to 459,101.53, the JSE Main Index fell 1,154.18 points to end at 420,868.15 and the JSE Financial Index slipped 0.32 points to 103.59.
Investor’s Choice bid-offer indicator reading has 16 stocks ending with bids higher than their last selling prices and two with lower offers.
Salada Foods lost 20 cents in closing at $8 with an exchange of 71,674 stocks, Seprod rallied $2.26 to $71.95 with the swapping of 4,860 shares, Supreme Ventures lost 45 cents to close at $18.80 in trading 21,036 stocks and Sygnus Credit Investments popped 68 cents to $15.39 in switching ownership of 63,061 units.
At the close, Barita Investments rallied $1.18 to $84 with a transfer of 6,045 shares, Caribbean Cement popped 85 cents to $92 in trading 132,354 stock units, Caribbean Producers gained 21 cents to end at a 52 weeks’ closing high of $5.19 with 259,401 shares changing hands, after hitting a 52 weeks’ intraday high of $6. Carreras lost 23 cents to close at $9.07 with an exchange of 402,107 stocks, Eppley shed 27 cents to settle at $43.63 in switching ownership of 2 units. First Rock Capital declined $1 to $14.50 with the swapping of 30,573 stocks, Grace Kennedy rose 73 cents to $99.01 after 16,832 shares crossed the exchange. Guardian Holdings jumped $24 to $674 in trading 382 units, Jamaica Broilers popped 33 cents to $36.33 with 44,887 stock units changing hands, Jamaica Producers rose 70 cents to $22.90 with 4,060 shares crossing the market. JMMB Group rallied 50 cents to end at $38.50 after an exchange of 169,493 stock units, Kingston Properties popped $2.24 to $10.25 in trading 97 units. Kingston Wharves rallied $2 to end at $50 after 10,960 stocks crossed the market, Mayberry Investments lost 36 cents to finish at $6.15 in switching ownership of 1,300 stock units, MPC Caribbean Clean Energy dived $17.35 to $117.20 with the swapping of 360 units.
NCB Financial rose $1 to $140 in an exchange of 29,883 stock units, Palace Amusement dropped $60 to $1,190 in transferring 133 stocks, PanJam Investment rose $1.49 to $67.50 in exchanging 3,355 shares. Sagicor Group fell $2 to $53 in clearing the market of 118,645 stock units. Salada Foods shed 55 cents to close at $8.20 in an exchange of 46,065 stocks and Seprod fell $1.31 to $69.69 after trading 13,042 shares.
Financial Fund 13.3 percent with 738,402 units and Grace Kennedy 9.2 percent with 513,821 units changing hands.
MPC Caribbean Clean Energy shed $12.45 to settle at $134.55, with 84 units clearing the market, Palace Amusement rallied $60 to $1,250 with 7 stocks changing hands, Pan Jam Investment shed $1.49 to $66.01, with 11,233 stock units crossing the exchange. Proven Investments rose 45 cents to $34.60 in switching ownership of 4,506 stocks, Sagicor Group fell $2.94 to $55 in exchanging 23,431 stock units, Seprod fell $1 to $71 in transferring 14,512 stocks, Sygnus Credit Investments rose 20 cents to $14.80 in trading 33,382 shares and Wisynco Group spiked 40 cents to $15.90 with the swapping of 17,180 stocks.
Trading averaged 2,094,775 units at $283,021,143, compared to 179,332 shares at $5,433,581 on Friday. Trading month to date averages 393,158 units at $37,484,522, versus 155,610 units at $3,207,330 on Friday. June ended with an average of 249,610 units at $3,877,606.
Pan Jam Investment shed $1.50 to close at $67.50 with 27,771 stock units changing hands, Sagicor Group spiked $2.94 to $57.94 after an exchange of 10,433 units, Salada Foods rose 28 cents to $8.90 in trading 21,207 stocks, Scotia Group shed 68 cents in ending at $39.50 after transferring 24,895 shares. Stanley Motta rose 20 cents to $5.90 with the swapping of 15 stock units, Supreme Ventures gained 32 cents to end at $19.32 in trading 1,162 units and Sygnus Credit Investments fell 40 cents to $14.60 with an exchange of 262,714 shares.