JSE Main Market stretches gains into May

JSE Main market stocks climbed higher at the close on Friday on top of substantial gains on Wednesday and a more moderate increase on Thursday as advancing stocks were marginally less than declining ones.
At the close of trading, the JSE All Jamaican Composite Index advanced by 1,102.78 points to 400,497.50, the JSE Market Index climbed 1,083.49 points to 365,129.45 and the JSE Financial Index added 0.04 points to 98.01.
The market closed with 44 securities changing hands in the Main and US dollar markets with prices of 16 stocks advancing, 17 declining and 11 securities trading firm. Main Market activity ended with 41 securities accounting for 6,350,098 units valued at $68,445,442, in contrast to 79,915,162 units valued at $130,493,189 from 41 securities on Thursday.
Wigton Windfarm led trading with 1.5 million shares for 23.3 percent of total volume followed by Trans Jamaican Highway with 1.1 million units for 17.6 percent of the day’s trade and Supreme Ventures with 583,782 units for 9.2 percent of the market’s volume.
The Market closed with an average of 154,880 units at $1,669,401 for each security traded, in contrast to 1,949,150 units valued at an average of $3,182,761 on Thursday. Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 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 eight stocks closing with lower offers. The PE ratio of the market ended at 14, while the Main Market ended at 14.2 times 2020-21 earnings.
In the Main Market, Barita Investments shed 40 cents and closed at $53.45, with an exchange of 2,367 units, Berger Paints closed 50 cents lower to $13, in trading 2,000 units, Eppley climbed $1.50, with a transfer of 1,030 units at $15. Eppley Caribbean Property Fund lost 50 cents to end at $35.50, after swapping 1,070 units, Jamaica Producers gained 43 cents to settle at $18.93, in transferring 16,450 stock units, Jamaica Stock Exchange fell $1.40 to $21.60, after exchanging 1,819 units. JMMB Group declined to $33, with a loss of 99 cents trading 360,765 shares, Mayberry Jamaican Equities closed $1.60 lower to $8.20 trading 4,411 units, NCB Financial Group closed at $145, with gains of $2 after swapping 85,918 shares. PanJam Investment gained 60 cents to close at $77, with 56,155 shares changing hands, Proven Investments shed 99 cents with a transfer of a mere 20 units and closed at $36.01, Sagicor Real Estate Fund gained 64 cents to settle at $7.75, in swapping 10,864 stock units. Scotia Group closed 50 cents higher at $44, in trading 56,801 shares and Supreme Ventures gained 90 cents to end at $15.90, trading 583,782 shares.

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

JSE Main Market ends April on a high

The Jamaica Stock Exchange Main Market closed on Thursday and April positively with advances on the Composite, JSE Market and Financial Indices. The market closed 16,708.18 points down on the March close, with Bank of Jamaica’s suspension of banking dividends, knocking 19,422.69 points off the All Jamaican Composite Index.
At the close, the JSE All Jamaican Composite Index increased 1,822.62 points to 399,394.72, the JSE Market Index gained 1,640.98 points to close at 364,045.96 and the JSE Financial Index rose 0.61 points to 97.97.
The market closed with 45 securities changing hands in the Main and US dollar markets with prices of 23 stocks advancing, 11 declining and 11 trading firm. The JSE Main Market activity ended with 41 securities accounting for 79,915,162 units valued at $130,493,189 in contrast to 7,206,423 units valued at $124,023,333 from 37 securities on Tuesday.
Wigton Windfarm led trading with 60 million shares for 75 percent of total volume followed by Trans Jamaican Highway, with 17 million units, for 21 percent of the day’s trade and Sagicor Select Financial Fund with 752,103 for one percent market share.
The Market closed with an average of 1,949,150 units valued $3,182,761 for each security traded, in contrast to 194,768 units valued at an average of $3,351,979 on Wednesday. The average volume and value for the month to date amount to 1,077,021 units valued at $3,829,201 for each security changing hands, compared to 1,033,414 units valued at $3,863,268 previously. 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 eleven stocks ending with bids higher than their last selling prices and seven stocks closing with lower offers. The PE ratio of the market ended at 14, while the Main Market ended at 14.3 times 2020-21 earnings.
In the Main Market, Barita advanced 85 cents to finish at $53.85 with a transfer of 2,750 stock units, Caribbean Cement closed 99 cents lower at $45 with an exchange of 113,500 units, Cigarette distributors, Carreras rose 20 cents to end at $6.50 in trading 95,773 units. Eppley gained 50 cents to end at $13.50 after exchanging 4,885 units, Grace Kennedy jumped $1.80 in swapping 157,328 units to end at $57, Jamaica Producers added 50 cents to settle at $18.50, with 104,351 shares changing hands. Jamaica Stock Exchange gained $2.20 to end at $23 after trading 418,016 units, Key Insurance jumped 50 cents, pushing it to a record high to $7, with a transfer of 14,750 stock units. Mayberry Equities climbed $1.30 to $9.80 trading 12,100 units, MPC Caribbean Clean Energy dropped $2 to $147 after just 261 units crossed through the exchange. NCB Financial Group shed $3 in closing at $143, trading 56,094 shares, PanJam Investment closed $1.40 higher at $76.40, in exchanging 243,133 stock units, Proven Investments gained $1.90 to finish at $37, with 2,385 stock units changing hands. Sagicor Real Estate Fund lost 64 cents exchanging 20,018 units to settle at $7.11, Salada Foods climbed $2.50 to $28.50 after trading 1,900 units, Scotia Group rose $2.50 to $43.50, after transferring 54,471 stock units. Seprod picked up $1.50 to close at $45, in trading 13,743 shares and Wisynco Group lost 54 cents to end at $17.36, with 48,127 units crossing the exchange.

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

JSE Main Market month-end rally

The Jamaica Stock Exchange Main market closed ahead of the month-end on a positive note with the market index rising after NCB Financial Group put on $8 to recover some of its recent losses.

NCB Financial bounced $8 on Wednesday and helped to lift the JSE market index.

At the close, the JSE All Jamaican Composite Index 4,251.05 points to 397,572.10, the JSE Market Index dropped 3,892.00 points to close at 362,404.98 and the JSE Financial Index rose 1.87 points to 97.36.
The market closed with 44 securities changing hands in the Main and US dollar markets with prices of 12 stocks advancing, 22 declining and ten securities trading firm. The JSE Main Market activity ended with 37 securities accounting for 7,206,423 units valued at $124,023,333, in contrast to 96,137,935 units valued at $316,661,417 from 36 securities on Tuesday.
Trans Jamaican Highway led trading with 1.9 million shares for 26.5 percent of total volume followed by QWI Investments with 995,244 units for 13.8 percent of the day’s trade and Pulse Investments with 851,165 units for 12 percent market share.
The Market closed with an average of 194,768 units valued $3,351,979 for each security traded, in contrast to 2,670,498 units valued at an average of $8,796,150 on Tuesday. The average volume and value for the month to date amount to 1,033,414 units valued at $3,863,268 for each security changing hands, compared to 1,073,044 units valued at $3,888,297 for each security traded. 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 eleven 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 13.8, while the Main Market ended at 14.1 times 2020-21 earnings.
In the Main Market, Caribbean Cement gained 99 cents to close at $45.99, with a transfer of 27,975 stock units, Eppley Caribbean Property Fund advanced by $2.99 to $36, in trading 808 units, First Rock Capital closed 75 cents lower to $11.25, after exchanging 11,226 units. Grace Kennedy fell $1.69 swapping 9,077 units to end at $55.20, Jamaica Broilers finished at $25, with a loss of $1.10 in transferring 275,520 shares, Jamaica Producers shed 75 cents to settle at $18, with 132,079 shares changing hands. Key Insurance raked in 95 cents to reach a record high of $6.50, with a transfer of 25,094 stock units, Mayberry Investments lost 30 cents trading 3,413 units and closed at $5.50, MPC Caribbean Clean Energy climbed $2 to $149, after swapping 420 units. NCB Financial Group recovered $8 of the recent losses to close at $146, trading 437,464 shares, PanJam Investment closed $1 lower at $75, in exchanging 317,961 shares, Proven Investments declined $2.40 to finish at $35.10, with 44,783 stock units changing hands. Scotia Group fell $2 to $41, after transferring 33,448 stock units, Seprod picked up $1.50 to close at $43.50, in trading 8,215 units and Stanley Motta gained 30 cents to end the day at $5, with 15,000 units crossing the exchange.

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

JSE Main Market 7 days fall broken

The Main Market of the Jamaica Stock Exchange rallied on the final day of the week, wiping out less than 1,500 points of the losses on the previous seven trading days as advancing stocks were outnumbered by decliners, on Friday.
At the close, the All Jamaican Composite Index rose 1,331.58 points to close at 418,817, the JSE Market Index gained 1,205.42 points to close at 381,593.65 and the JSE Financial Index added 0.55 points to 103.52.
The market closed with 45 securities changing hands in the Main and US dollar markets with prices of 11 stocks advancing, 22 declining and ten securities trading firm. The JSE Main Market activity ended with 38 securities accounting for 15,595,657 units valued at $80,717,216, in contrast to 17,977,989 units valued at $167,027,485 from 43 securities on Wednesday.
Trans Jamaican Highway led trading with 11.3 million shares for 63 percent of total volume followed by Sagicor Group with 2.3 million units for 13 percent of the day’s trade and Wigton Windfarm with 1.1 million units for 6 percent market share.
The Market closed with an average of 410,412 units valued at $2,124,137 for each security traded, in contrast to 418,093 units valued at $3,884,360 on Wednesday. The average volume and value for the month to date amount to 1,025,936 units valued at $3,731,907 for each security changing hands, compared to 1,060,899 units valued at $3,829,348 for each security traded. 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 seven securities closing with lower offers. The PE ratio of the market ended at 14.1, while the Main Market ended at 14.3 times 2020-21 earnings.
In the Main Market, Eppley fell 99 cents to $14.50, in trading 941 stock units, First Rock Capital added $1, in transferring 1,500 units and closed at $12, Grace Kennedy rose $1 and ended at $58, with 29,077 units changing hands. Jamaica Stock Exchange lost 37 cents to end at $20.63 after 11,170 shares passed through the market, JMMB Group dropped $1.44 and closed at $36, after exchanging 213,331 stock units, Mayberry Investments gained 32 cents trading 22,096 stock units and closed at $5.55.NCB Financial Group rose $2 to end at $152, with 47,023 units changing hands, PanJam Investment traded 1,465 and fell $2.35 to close at $77.35, Proven Investments jumped $2.79 to close at $38.79 after 9,478 shares changed hands. Pulse Investments lost 35 cents in exchanging 3,858,682 stock units at $2.05, Salada Foods dropped $2.90 to $26, in exchanging 5,901 units. Sagicor Group traded 38,531 and lost 38 cents to end at $49.37 and Scotia Group rose $2 after transferring 21,667 stock units to finish at $47.

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

JSE Majors pulled back again

The Main Market of the Jamaica Stock Exchange All Jamaican Composite Index rose to more than 422,000 points on the JSE in the morning session, but as been the case on previous days, it could not hold on to the gains and declined 3,646.03 points to close at 417,485.83 on Thursday.
The JSE Market Index fell by 3,337.15 points to 380,388.23 and the JSE Financial Index slid 1.32 points to 102.97.
The market closed with 48 securities changing hands in the Main and US dollar markets with prices of 18 stocks advancing, 19 declining and 11 trading firm. The JSE Main Market activity ended with 43 securities accounting for 17,977,989 units valued at $167,027,485, in contrast to 129,075,289 units valued at $205,583,712 from 40 securities on Wednesday.
Trans Jamaican Highway led trading with 11.3 million shares for 63 percent of total volume followed by Sagicor Group with 2.3 million units for 13 percent of the day’s trade and Wigton Windfarm with 1.1 million units for 6 percent market share.
The Market closed with an average of 418,093 units valued at $3,884,360 for each security traded, in contrast to 3,226,882 units valued at an average of $5,139,593 on Wednesday. The average volume and value for the month to date amount to 1,060,899 units valued at $3,829,348 for each security changing hands, compared to 1,105,053 units valued at $3,825,298 for each security traded. 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 seven securities closing with lower offers. The PE ratio of the market ended at 14.1, while the Main Market ended at 14.3 times 2020-21 earnings.
In the Main Market, Berger Paints gained 50 cents exchanging 600 units and closed at $14, Caribbean Cement lost 50 cents to close at $46, in trading 53,865 shares, Carreras closed 55 cents higher at $6.75, after transferring 424,194 shares. Eppley fell by $1.51 to $15.49, in swapping 3,047 stock units, Eppley Caribbean Property Fund shed $1.01, in moving 3,000 units and closed at $33.01, Grace Kennedy ended at $57, with a loss of 35 cents trading 31,427 units. Jamaica Broilers closed $1.51 lower at $26.99, in exchanging 143,500 shares, Jamaica Producers added $1.49 to finish at $20.49, with a transfer of 40,673 units. Jamaica Stock Exchange lost 98 cents to end at $21, after swapping 75,750 shares, JMMB Group closed at $37.44, with a loss of 55 cents after exchanging 236,142 shares, Key Insurance gained 90 cents to finish at a record $4.90, with 57,241 units changing hands. Mayberry Investments gained 47 cents trading 6,101 stock units and closed at $5.87, NCB Financial Group sustained a loss of $4.93 to end at $150, in swapping 24,481 units, Salada Foods bounced $1.95 to $28.90, having gained in exchanging 100 units. Seprod rose 50 cents after transferring 8,376 stock units to finish at $48, Stanley Motta traded 500 units at $4.70, after picking up 33 cents, Sygnus Credit Investments added 50 cents to end at $17, with 25,122 stock units changing hands and Wisynco Group ended the day at $17.50, with a loss of $1.18 with 63,156 shares crossing the exchange.

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

JSE Main Market drops – Wednesday

For the second consecutive day, Main Market stocks moved ahead of the previous day’s close, with the JSE index surpassing 388,000 points in early on Wednesday, just as it played out on Tuesday, with the market failing to hang to the gains at the close of trading.
At the close, the JSE All Jamaican Composite Index declined by 1,972.21 points to 421,131.86, the JSE Market Index fell 1,936.13 points to 383,725.38 and the JSE Financial Index slid 0.40 points to 104.29. The Main Market has gone seven days without closing with gains in the Indices.
The market closed with 46 securities changing hands in the Main and US dollar markets with prices of 15 stocks advancing, 23 declining and eight securities trading firm. The JSE Main Market activity ended with 40 securities accounting vastly higher volume and value that on Tuesday as 129,075,289 units valued at $205,583,712 crossed the market, in contrast to 33,848,653 units valued at $70,459,639 from 39 securities on Tuesday.
QWI Investments led trading with 91.2 million shares for 70.6 percent of total volume, followed by Wigton Windfarm with 26.4 million units for 20.4 percent of the day’s trade and Trans Jamaican Highway with 6.4 million units for 5 percent market share. Pulse Investments was the only other stock trading more than one million units, as it ended trading with 1.46 million units.
The Market closed with an average of 3,226,882 units valued at $5,139,593 for each security traded, in contrast to 867,914 units valued at an average of $1,806,657 on Tuesday. The average volume and value for the month to date amount to 1,105,053 units valued at $3,825,298 for each security changing hands, compared to 960,218 units valued at $3,728,658 for each security traded. 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 seven stocks ending with bids higher than their last selling prices and four stocks closing with lower offers. The PE ratio of the market ended at 14, while the Main Market ended at 14.4 times 2020/21 earnings.
In the Main Market, Berger Paints lost 50 cents to end at $13.50, in transferring 1,100 units, Caribbean Cement closed at $46.50, with a loss of 50 cents after exchanging 1,315 units, Carreras finished 53 cents lower at $6.20, after trading 194,352 shares. First Rock Capital gained 32 cents swapping 1,680 units and closing at $11, Grace Kennedy shed 65 cents to end at $57.35, with 762,082 shares crossing the exchange, Jamaica Producers climbed $2.78 to $19, with 9,039 stock units changing hands. Jamaica Stock Exchange rose 98 cents to end at $21.98, in trading 81,638 shares, JMMB Group ended at $37.99, with gains of $1.05 and the exchanging 213,440 stock units, MPC Caribbean Clean Energy declined by $29 to $147, in swapping 100 units. NCB Financial Group closed $1.92 higher to $154.93, after transferring 142,312 shares, PanJam Investment gained 58 cents and ended at $74.78, trading 6,709 stock units, Proven Investments closed 50 cents lower to $36, in exchanging 563 shares. Salada Foods fell by $2.05 to $26.95 trading 151 units, Scotia Group lost 41 cents to finish at $45.01, with an exchange of 6,276 stock units, Seprod closed with a loss of 49 cents in transferring 12,903 stock units to finish at $47.50 and Sygnus Credit Investments picked up 50 cents to end at $16.50, with 54,861 shares changing hands.

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

JSE Main Market edged lower

Jamaica Stock Exchange Main Market stocks rose in the morning session on Tuesday but pulled back later, to close, with modest losses in the market indices as declining stocks had the upper hand over gainers on a day when trading was moderate with just $70 million in value passing through the market.
At the close of the market, the JSE All Jamaican Composite Index declined by 421.48 points to 423,104.07, the JSE Market Index fell 411.64 points to 385,661.51 and the JSE Financial Index lost 0.57 points to close at 104.69.
The market closed with 42 securities changing hands in the Main and US dollar markets with prices of 13 stocks advancing, 20 declining and nine securities trading firm. The JSE Main Market activity ended with 39 securities accounting for 33,848,653 units valued at $70,459,639, in contrast to 32,486,595 units valued at $76,301,597 from 41 securities on Monday.
Trans Jamaican Highway led trading with 30.2 million shares for 89.3 percent of total volume followed by Trans Jamaican Highway US$ listed stock with 2.2 million units for the equivalent of 6.5 percent of the Main Market trade and Wigton Windfarm with 1.25 million units for 3.7 percent market share.
The Market closed with an average of 867,914 units valued $1,806,657 for each security traded, in contrast to 755,502 units valued at an average of $1,774,456 on Monday. The average volume and value for the month to date amount to 960,218 units valued at $3,728,658 for each security changing hands, compared to 966,799 units valued at $3,877,090 for each security traded. 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 five stocks closing with lower offers. The PE ratio of the market ended at 14.1, while the Main Market ended at 14.4 times 2020/21 earnings.
In the Main Market, Eppley Caribbean Property Fund closed 81 cents lower to $34.19 after trading 1,000 units, First Rock Capital lost 32 cents exchanging 7,886 stock units to close at $10.68, Grace Kennedy gained 40 cents to end at $58, with a transfer of 16,746 shares. Jamaica Producers fell by $2.78 to $16.22, after swapping 200,696 shares, JMMB Group shed 46 cents to finish at $36.94, with 30,709 shares changing hands, MPC Caribbean Clean Energy dropped to $176, with a loss of $4.58 trading a mere 30 units. NCB Financial Group declined $1.99 to $153.01, in transferring 13,994 stock units, 138 Student Living picked up 30 cents exchanging 30,500 shares and closed at $7, PanJam Investment ended the day at $74.20, after losing $3.55 after swapping 8,643 stock units. Proven Investments closed $1.99 lower to $36.50, with a transfer of 1,404 units, Scotia Group gained 41 cents to finish at $45.42, with an exchange of 14,792 units, Seprod added $2 to close at $47.99, in trading 52,988 shares and Sygnus Credit Investments closed at $16, with a loss of $1 after exchanging 171,557 shares.

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

4th day of JSE Main Market decline

In Monday’s trading, the Jamaica Stock Exchange suffered a fourth day of decline since last week, with the previous two being moderate compared to the previous two. The prices, stocks last traded at, outnumbered those rising, by a slight margin.
At the close, the JSE All Jamaican Composite Index declined by 2,223.70 points to 423,525.55, the JSE Market Index fell by 1,987.23 points to 386,073.15 and the JSE Financial Index lost 0.49 points to 105.26.
The market closed with 48 securities changing hands in the Main and US dollar markets with prices of 19 stocks advancing, 16 declining and 13 securities trading firm. The JSE Main Market activity ended with 43 securities accounting for 32,486,595 units valued at $76,301,597, in contrast to 22,927,942 units valued at $296,270,700 from 41 securities on Friday.
QWI Investments led trading with 25.5 million shares for 78.3 percent of total volume followed Wigton Windfarm with 2.5 million units for 7.6 percent of the day’s trade and Trans Jamaican Highway with 1.6 million units for 4.8 percent of the market’s volume.
The Market closed with an average of 755,502 units valued at $1,774,456 for each security traded, in contrast to 559,218 units valued at an average of $2,187,500 on Friday. The average volume and value for the month to date amount to 966,799 units valued at $3,877,090 for each security changing hands, compared to 984,827 units valued at $4,072,790 for each security traded. 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 six 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 14.6 times 2020/21 earnings.
In the Main Market, Caribbean Cement declined $1.40 to $47.10, with an exchange of 60,519 shares, Carreras gained 69 cents to finish at $6.75, in trading 149,551 shares, Eppley climbed $2.20 to $17, with a transfer of 500 units. Eppley Caribbean Property Fund ended at $35, with gains of $1, in the swapping of 510 units, First Rock Capital picked up 32 cents transferring 13,613 stock units and closed at $11, Jamaica Stock Exchange finished at $21.01, with a loss of $1.90 after exchanging 14,001 stock units. JMMB Group rose 40 cents to close at $37.40, in trading 14,104 stock units, 138 Student Living ended at $6.70, after a losing 30 cents swapping 1,276 units, PanJam Investment rose $1.75 to $77.75, with 126,281 shares changing hands. Proven Investments added 39 cents to finish at $38.49, with a transfer of 2,300 units, Sagicor Group closed at $50, after picking up $1 trading 39,750 shares, Salada Foods gained $1 swapping only I unit at $29. Scotia Group shed 80 cents to finish at $45.01, with an exchange of 61,455 shares, Seprod rose 99 cents to $45.99 trading 5,496 units, Supreme Ventures lost 48 cents transferring 509,318 shares to end at $15. Sygnus Credit Investments closed at $17, with gains of $2 swapping 24,526 stock units and Wisynco Group climbed $2.80 to $18.80, ending with 348,655 shares changing hands.

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

2 days of losses for JSE main market

The JSE Main Market lost over 15,000 points in two days.

The Jamaica Stock Exchange closed another day of trading with prices mostly down and taking a big trunk of the market indices, with it declining for a second day by more than 7,000 points.
The Main Market of the At the close, the JSE All Jamaican Composite Index dived 7,617.05 points to 427,779.79, the JSE Market Index dropped 7,118.10 points to 389,754.82 and the JSE Financial Index slid 2.36 points to 106.
The market closed with 49 securities changing hands in the Main and US dollar markets with prices of 16 stocks advancing, 22 declining and 11 securities trading firm. The JSE Main Market activity ended with 44 securities accounting for 146,823,904 units valued at $296,270,700, in contrast to 53,531,710 units valued at $153,340,745 from 44 securities on Wednesday.
Radio Jamaica led trading with 95 million shares for 65 percent of total volume followed Trans Jamaican Highway, with 36.6 million units for 25 percent of the day’s trade and Wigton Windfarm with 7.7 million units for 5 percent market share. Other stocks trading more than one million units were Jamaica Broilers with 2.6 million units and Sagicor Select Financial Fund with 2.7 million units.
The Market closed with an average of 3,336,907 units valued at $6,733,425 for each security traded, in contrast to 1,216,630 units valued at an average of $3,485,017 on Wednesday. The average volume and value for the month to date amount to 1,022,515 units valued at $4,256,393 for each security changing hands, compared to 779,477 units valued at $3,967,296 for each security traded. 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 eleven 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 14.1, while the Main Market ended at 14.5 times 2020/21 earnings.
In the Main Market, Barita Investments shed 51 cents trading 25,513 units and closed at $56, Berger Paints exchanged 1,045 stock units at $12.62, with a loss of $1.38, Caribbean Cement gained $1 to finish at $49, in transferring 38,537 units. Eppley fell $2.20 to $14.80, with 31,034 units changing hands, Eppley Caribbean Property Fund declined by $2 to $34, after trading 3,920 stock units, Jamaica Producers closed 49 cents lower to $20 after swapping 4,497 units. Jamaica Stock Exchange ended at $22.17, with a loss of $1.43 in transferring 112,597 shares, JMMB Group added 78 cents to finish at $36.79, in an exchange of 55,004 shares, Kingston Wharves picked up 42 cents and closed at $44, with 26,422 units changing hands. MPC Caribbean Clean Energy sustained a loss of $33 in swapping 499 units and closed at $150, NCB Financial Group fell 50 cents to $155.50 trading 35,964 units, PanJam Investment shed 85 cents to close at $75.98, with an exchange of 9,929 stock units. Portland JSX picked up 80 cents in trading only one stock unit to end at $8.90, Sagicor Group finished at $49.75, with a loss of 77 cents in exchanging 86,774 shares, Salada Foods closed at $28.50, after losing $4.95 in exchanging 10,299 units. Scotia Group gained 39 cents swapping 50,079 shares and closed at $47.89, Seprod climbed $2 to $46, with 18,441 units crossing the exchange, Stanley Motta slipped 38 cents to $4.62, in swapping 4,200 stock units and Victoria Mutual Investments ended at $7.50, with a loss of 30 cents while transferring 420,041 shares.

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

JSE Main market suffers big drop

Jamaica Stock Exchange Main Market suffered the first decline in since the April 2 with the JSE All Jamaican Composite Index tumbling 7,508.92 points to 435,396.84, the JSE Market Index diving 6,816.76 points to 396,872.92 and the JSE Financial Index losing just 0.98 points to close at 108.36.
The market closed with 50 securities changing hands in the Main and US dollar markets with prices of nine stocks advancing, 28 declining and 13 securities trading firm. The JSE Main Market activity ended with 44 securities accounting for 53,531,710 units valued at $153,340,745, in contrast to 21,215,763 units valued at $102,509,485 from 46 securities on Tuesday.
Trans Jamaican Highway led trading with 40 million shares for 75 percent of total volume followed Sagicor Select Financial Fund with 4 million units for 7.4 percent of the day’s trade, and Wigton Windfarm with 3.8 million units for just over 7 percent of market share. QWI Investments, the only other stock trading more than one million units, ended the day with 1.06 million stock units.
The Market closed with an average of 1,216,630 units valued at an average of $3,485,017 for each security traded, in contrast to 461,212 units valued at an average of $2,228,467 on Tuesday. The average volume and value for the month to date amount to 779,477 units valued at $3,967,296 for each security changing hands, compared to 728,184 units valued at $4,031,021 for each security traded. 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 four 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 14.4, while the Main Market ended at 14.7 times 2020/21 earnings.
In Main Market trading, Barita Investments closed at $56.51, with a loss of 99 cents in transferring 26,609 units, First Rock Capital shed 44 cents to end at $10.56, in swapping 20,922 units, Jamaica Producers gained 34 cents trading 31,233 units to finish at $20.49. Jamaica Stock Exchange closed $1.14 lower at $23.60, with 106,460 shares changing hands, JMMB Group ended at $36.01, with gains of $2.99 in exchanging 138,488 shares, Kingston Wharves lost 42 cents and closed at $43.58, after trading 32,042 units. Mayberry Jamaican Equities finished at $8.40, with a loss of 59 cents in swapping 72,635 shares, MPC Caribbean Clean Energy closed $1 lower to $183, in an exchange of 300 units. NCB Financial Group declined by $2 to $156 transferring 98,627 shares, PanJam Investment picked up 83 cents to close at $76.83, after trading 24,331 units, Proven Investments climbed $2.95 to $37 after exchanging 940 units. Sagicor Group dropped $2.98 to end at $50.52, after trading 179,780 shares, Sagicor Real Estate Fund gained 41 cents to close at $7.99, with 41,292 units changing hands. Salada Foods closed at $33.45, after climbing $5.05 in swapping a mere 120 units. Scotia Group shed 45 cents to finish at $47.50 in transferring 17,694 units, Seprod lost $3 to end at $44, with an exchange of 33,846 units, Stanley Motta lost 65 cents to close at $5, in swapping 36,575 stock units. Supreme Ventures dropped $1.99 to $17, after trading 131,365 shares, Victoria Mutual Investments ended at $7.80, with a loss of $1.20 in transferring 518,294 shares and Wisynco Group fell by $2.49 to $17, with 667,525 shares changing hands.

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