Barita Investments traded 28.5 million shares valued at $2.25 billion on the Jamaica Stock Exchange main market on Monday on a day when the market lost more grounds as it continues its short term correction.
The big Barita trade follows four days last week when it traded more than 2 million shares crossed the exchange on each occasion and well above the normal daily trading levels. On October 7^th a total of 6.1 million shares traded, followed by 8.1 million shares the following day, to be followed by 2.67 million units on the 9^th and 2 million on the 11^th for a total of more than 18.8 million
The Jamaica Stock Exchange main market suffered another decline with a higher volume and significantly higher value than on Friday as the main market goes through a mild correction of 5 percent.  Trading ended with 36 securities changing hands in the main and US dollar markets with 13 stocks advancing, 13 declining and 10 stocks trading firm. The market closed with the JSE All Jamaican Composite Index dropping 2,638.63 points to close at 550,155.79. The JSE Index declined 2,375.23 points to 500,852.68 and the JSE Financial Index lost 0.66 points to close at 136.68.
Main market activity ended with 32 securities trading resulting in 41,631,061 units valued at $2,360,959,252, in contrast to 11,554,366 units valued at $237,158,383 from 37 securities trading on Friday.
The big Barita Investments trade accounted for 68 percent of total volume, followed by Wigton Windfarm with 6 million shares for 14 percent of the market’s trade and recently listed QWI Investments with 1.8 million units accounting for 4 percent of the day’s volume. Stocks trading more than a million units were Jamaica Producers with 1.2 million shares, Radio Jamaica with 1.2 million stock units and Sagicor Select Funds with 1.3 million units.
The Market closed with an average of 1,300,971 units valued at $73,779,977 for each security traded, in contrast to 312,280 units for an average of $6,409,686 on Friday. The average volume and value for the month to date amounts to 992,746 shares for $15,672,223 for each security traded and previously 964,884 shares at $9,843,232 for each stock traded. The market closed out September with an average of 1,585,081 units valued at $14,071,562 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 11 securities ended with bids higher than their last selling prices and 2 with lower offers. The PE ratio of the market ended at 16.5 with the main market ending at 17.1 times 2019 current year’s earnings.
In main market activity, Barita lost 82 cents to close at $78.98 as 28,491,102 shares crossed the exchange, Eppley Caribbean Property Fund closed $1 higher, after exchanging 1,761 shares, to close at $40, Eppley traded 14,790 shares gaining 85 cents to settle at $16, Grace Kennedy dived $3.50 exchanging 172,807 shares to settle at $66. Jamaica Broilers slid 99 cents in swapping 49,937 shares to end at $34, Jamaica Producers closed $1.39 lower at $21.20 after 1,175,660 shares changed hands. Jamaica Stock Exchange slid 84 cents in closing at $28.15 with 32,266 shares traded, PanJam Investment lost $1.10 and ended at $101, after 61,151 shares crossed the exchange. Portland JSX gained 50 cents to settle at $9 with an exchange of 7,318 shares, Pulse Investments climbed 75 cents trading 183,873 shares to end at a 52 weeks’ closing high of $4.55. Sagicor Group traded 95,638 shares in gaining $1.10 to settle at $69, Seprod added $1 to end at $53 with an exchange of 14,062 shares and Supreme Ventures gained 40 cents, closing at $27.40 with 17,778 shares crossing the exchange.
Trading in the US dollar market ended with 122,125 units valued at $38,361 and the market index dipped 1.32 points to close at 195.15. Proven Investments gained 0.4 of a US cent to close at 26.90 US cents with 113,428 shares changing hands, Sterling Investments fell 0.3 of a cent and exchanged 4,555 shares, to close at 3 US cents, JMMB Group 5.5% preference share traded 2,000 units to end at US$2 and JMMB Group 5.75% preference share traded 2,142 units to end at US$2.

The Jamaica Stock Exchange main market suffered another declined for a fifth consecutive day on Friday, with reduced volume but with a much higher value than on Thursday as the main market goes through a mild correction of 5 percent.  
Trading ended with 40 securities changing hands in the main and US dollar markets with 10 stocks advancing, 22 declining and 8 stocks trading firm. The market closed with the JSE All Jamaican Composite Index falling 3,525.47 points to close at 552,794.42. The JSE Index dropped 3,108.66 points to 506,336.57 and the JSE Financial Index lost 0.95 points to close at 137.34.
Main market activity ended with 37 securities trading resulting in 11,554,366 units valued at $237,158,383, in contrast to 15,417,353 units valued at $67,593,610 from 36 securities trading on Thursday.
Wigton Windfarm led trading with 5.2 million units for 45 percent of total volume, followed by Barita Investments with 2 million shares for 17 percent of the market’s trade and QWI Investments with 1.6 million units accounting for 14 percent of the day’s trade. The only other stock trading more than a million units was Sagicor Select Funds with 1.1 million shares.
The Market closed with an average of 312,280 units valued at $6,409,686 for each security traded, in contrast to 453,452 units for an average of $1,988,047 on Thursday. The average volume and value for the month to date amounts to 964,884 shares for $9,843,232 for each security traded and previously 1,041,055 shares at $10,293,733 for each stock traded. The market closed out September with an average of 1,585,081 units valued at $14,071,562 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 securities ended with bids higher than their last selling prices and 2 with lower offers. The PE ratio of the market ended at 16.4 with the main market ending at 17 times 2019 current year’s earnings.
In main market activity, Berger lost 50 cents to close at $18.10, in the swapping of 1,600 shares, Caribbean Cement closed 69 cents lower after 7,462 shares changed hands to end at $76.81, Eppley Caribbean Fund jumped $4, after exchanging 2,448 shares, to close at $39. Jamaica Stock Exchange slid 99 cents in closing at $28.99 as 23,121 shares changed hands, JMMB Group traded 74,042 shares gaining 90 cents to end at $43, Kingston Wharves closed $2.59 higher to settle at $60, after exchanging a mere 500 shares. Mayberry Equities lost 35 cents to close at $11.15 with 6,700 shares traded, NCB Financial plummeted $5.50 to close at $202 while exchanging 142,640 units, PanJam Investment lost 90 cents and ended at $102.10 after 67,595 shares crossed the exchange. Sagicor Group traded 37,028 shares in losing $1.10 to close at $67.90, Scotia Group closed $2.98 lower in exchanging 231,475 shares to end at $57.01, Seprod gained $1.50 to end at $52 with an exchange of 23,087 shares and Supreme Ventures lost 50 cents to settle at $27 with 74,136 shares trading.
Trading in the US dollar market ended with 157,383 units valued at $40,043 and the market index fell by 3.04 points to close at 196.47. Margaritaville lost 3 cents and closed at 25 US cents with 3,856 shares changing hands, Proven Investments fell half a cent and exchanged 139,727 shares, to close at 26.51 US cents and Sygnus Credit Investments traded 13,800 units to inched higher from 13.9 US cents to end at 13.91 US cents.

The Jamaica Stock Exchange main market declined for a third consecutive day at the close on Wednesday with less volume and value traded on Tuesday.  
Trading ended with 39 securities changing hands in the main and US dollar markets with 10 advancing, 19 declining and 10 trading firm. The market closed with the JSE All Jamaican Composite Index declining 2,717.19 points to close at 557,689.78. The JSE Index dropped 2,465.01 points to 507,546.85 and the JSE Financial Index lost 0.69 points to close at 138.52.
Main market activity ended with 36 securities trading resulting in 31,141,186 units valued at $368,051,491 in contrast to 44,023,689 units valued at $758,570,804 from 36 securities trading on Tuesday.
Stanley Motta led trading with 13 million units for 42 percent of total volume, followed by Wigton Windfarm with 6 million units accounting for 19 percent of the day’s trade and Sagicor Select Funds with 4 million shares for 13 percent of the market’s trade. Other stocks trading more than a million shares were QWI Investments with 3 million units after trading at the lowest level of $1.15 since listing and Barita Investments with 2.7 million shares.
The Market closed with an average of 865,033 units valued at an average of $10,223,653 for each security traded, in contrast to 1,222,880 units for an average of $21,071,411 on Tuesday. The average volume and value for the month to date amounts to 1,111,651 shares at $11,432,416 for each security traded and previously 1,147,595 units valued at $11,637,677 for each stock traded. The market closed out September with an average of 1,585,081 units valued at $14,071,562 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 11 stocks ended with bids higher than their last selling prices and 3 with lower offers.
In main market activity, Carib Cement closed $2.54 lower after 13,753 shares changed hands to end at $76.82. Eppley Caribbean Property Fund lost $1 trading 6,280 shares to settle at $35, Eppley gained 80 cents, after exchanging 21,211 shares, to close at $1. Grace Kennedy closed $1 lower to $69 with 14,245 shares traded, Jamaica Broilers ended with a loss of $2.01, closing at $34 as 22,233 shares changed hands. Jamaica Stock Exchange gained 99 cents, after exchanging 11,378 shares to settle at $29.99, JMMB Group dropped $2, closing at $43 after trading 114,321 shares, Kingston Wharves added $2 to settle at $62, after exchanging 18,100 shares. Mayberry Equities lost 47 cents to close at $11.03 with 11,364 shares traded, NCB Financial declined by $2 to close at $202 while exchanging 65,660 units, Sagicor Group closed $1.19 lower in swapping 11,515 shares to end at $68.80. Salada Foods dropped $3 to $29 with 15,000 shares changing hands, Seprod advanced $3 to end at $54 with an exchange of 6,291 shares and Supreme Ventures gained 49 cents to close at $27.49 with 208,741 shares traded.
Trading in the US dollar market ended with 28,241 units valued US$17,055 with the market index falling 0.45 points to close at 198.46. Proven Investments exchanged 13,756 shares, to close at 27 US cents, after slipping a fraction of a cent, JMMB Group 6% preference share traded 13,485 units, to end at 99 US cents and Sterling Investments rose 0.3 cents and closed at 3.3 US cents with 1,000 units changing hands.