Activity ended on the Jamaica Stock Exchange Main Market on Wednesday, with the volume of stocks traded declining 12 percent and the value 131 percent more than on Tuesday as stocks declining exceeded those rising.
The All Jamaican Composite Index rose 2,293.01 points to 458,821.97, the JSE Main Index rallied 1,632.06 points to end at 401,425.56 and the JSE Financial Index lost 0.62 points to settle at 94.04.
Trading ended with 58 securities versus 59 on Tuesday, with 22 rising, 23 declining and 13 unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 15.2. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to August 2023.
Overall, 11,782,128 shares were traded for $388,157,374 versus 13,458,702 units at $167,729,641 on Tuesday. Productive Business Solutions 9.75% Preference share led trading with 2.88 million shares for 24.4 percent of total volume, followed by Transjamaican Highway with 2.33 million units for 19.8 percent of the day’s trade, Wigton Windfarm with 1.16 million units for 9.8 percent market share and Supreme Ventures with 1.10 million units for 9.3 percent market share.
Trading averages 203,140 units at $6,692,369, compared to 228,120 shares at $2,842,875 on Tuesday and month to date, an average of 241,594 units at $4,975,252, compared to 261,512 units at $4,086,031 on the previous trading day. April closed with an average of 532,209 units at $5,709,319.
Investor’s Choice bid-offer indicator shows 14 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Berger Paints fell $1 in ending at $10 after exchanging 22,941 shares, Caribbean Cement rose $2.56 in closing at $69.71, with 2,840 stocks clearing the market, Caribbean Producers shed 42 cents to close at $18.06 after 245,495 units crossed the market. Eppley declined $2.35 to end at $40.15, with 24 stock units changing hands, Eppley Caribbean Property Fund gained $1.50 to close at $48.50, with an exchange of 3,852 stocks, First Rock Capital dropped $1.61 to close at $11.65 with the swapping of 62,868 stock units. GraceKennedy increased $4 in ending at $111 after 15,712 units changed hands, Guardian Holdings lost $4.20 to $515.85 after exchanging 1,501 shares, Jamaica Producers rose $1.65 in closing at $23.95, with 18,035 stocks crossing the market. Jamaica Stock Exchange lost $1.15 to end at $22.25 in exchanging 25,044 units, JMMB Group climbed $2.50 to $47.90 while exchanging 122,925 stock units, Kingston Wharves popped $1.50 to close at $40 in switching ownership of 5,583 shares. Massy Holdings fell 30 cents to $98.70 in trading 3,935 units, Mayberry Investments rallied 50 cents to $9.25 in an exchange of 160,607 shares, MPC Caribbean Clean Energy dropped $1 in closing at $101 after trading 500 stocks. NCB Financial declined $7.70 to end at $106.40 after trading 33,801 stock units, Palace Amusement shed $14.83 to $1000.17, with 33 shares crossing the exchange, Proven Investments advanced 99 cents to close at $37.99, with 30,660 stock units crossing the exchange.
Sagicor Group shed 97 cents in closing at $57 after trading 12,371 units, Scotia Group declined $1.13 to $35 trading 48,867 stocks, Seprod rose $4.70 to $63 in an exchange of 44,160 stocks before the release that the company is to acquire AS Bryden group based in Trinidad and Tobago. Supreme Ventures rallied $1.50 in ending at $30, with 1,096,408 stock units crossing the market, Sygnus Real Estate Finance fell $2.45 in closing at $15.60 after trading 835 shares and Wisynco Group lost 65 cents to close at $24.20 with 112,378 units clearing the market.
In the preference segment, Eppley 5% preference share dropped $1.15 to end at $19.85, with 799 shares crossing the market, JMMB Group 7.25% preference share gained 30 cents to end at $3.49 after exchanging 1,562 stocks and Productive Business Solutions 9.75% preference share shed $9.45 in closing at $108.25 while trading 2,877,023 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The All Jamaican Composite Index popped 1,335.55 points to 455,179.03, the JSE Main Index added 2,893.91 points to close at 398,414.13 and the JSE Financial Index rallied 0.08 points to settle at 93.85.
At the close, Caribbean Cement rose $1 to $71, with 20,051 shares crossing the exchange, Carreras advanced 30 cents to $9.70 in switching ownership of 102,998 stocks, Eppley Caribbean Property Fund gained $2.50 to close at $47, with 395 stock units crossing the market. GraceKennedy increased $6.86 to end at a 52 weeks’ closing high of $111.88 with 79,927 units changing hands, Guardian Holdings climbed $15 in closing at $535 in an exchange of 86 stocks, Jamaica Broilers fell 58 cents to close at $27.92, with 96,395 units clearing the market. Jamaica Producers declined 90 cents to $22 while exchanging 86,290 shares, JMMB Group rallied $1.78 in closing at $47.96 after 157,286 stock units changed hands, Kingston Wharves popped $1.13 to $40.15 to close as 3,374 stock units passed through the exchange. Margaritaville dropped 40 cents to end at $25 with the swapping of 80 stocks, Mayberry Investments lost 41 cents in ending at $8 after exchanging 75,941 units, Mayberry Jamaican Equities shed 40 cents to close at $11.60 with an exchange of 377,042 shares. MPC Caribbean Clean Energy declined $4 to end at $111, trading 17 units, Palace Amusement popped $20 to $940 in trading five shares, PanJam Investment shed 70 cents in closing at $64.30 in exchanging 1,101 stocks.
Portland JSX dropped 99 cents to $11 after exchanging 1,325 stock units, Proven Investments lost $1.78 in ending at $36 and trading 6,383 shares, Seprod fell 98 cents to end at $59.02 in switching ownership of 53,166 stock units. Supreme Ventures declined $2.50 in closing at $27 with the swapping of 339,249 units, Sygnus Credit Investments shed 38 cents to close at $15.62, with 121,541 stocks crossing the market, Sygnus Real Estate Finance gained 30 cents in ending at $16 and trading 400 shares and Wisynco Group lost 93 cents to close at $23.50 in exchanging 134,531 units.
The All Jamaican Composite Index shed 3,688.91 points to settle at 453,843.48, the JSE Main Index dropped 4,034.35 points to 395,520.22 and the JSE Financial Index popped 0.14 points to settle at 93.77.
At the close, Berger Paints climbed 34 cents in closing at $11.90 after 42,428 shares crossed the market, Caribbean Cement popped 30 cents to $70 in trading 35,496 stock units, Caribbean Producers dropped 57 cents to end at $17.91, with 374,412 units clearing the market. Eppley advanced $4.79 to $42.79 in switching ownership of 519 stocks, Eppley Caribbean Property Fund rose $2.50 to close at $44.50 after exchanging 1,841 stock units, First Rock Capital rallied 84 cents in ending at $12.49 after 920 stocks changed hands. GraceKennedy gained 94 cents to close at $105.02 after hitting an intraday 52 weeks’ high of %115, in an exchange of 564,310 units, Guardian Holdings increased $20 to end at $520 with 4 shares changing hands, Jamaica Producers advanced $1.40 in closing at $22.90, in an exchange of 6,544 stocks. Jamaica Stock Exchange popped $2.79 to $22.99 in trading 14,390 units, Key Insurance rose 40 cents to $4.90, with 2,032 shares crossing the exchange, Kingston Properties rallied 80 cents to end at $8.30, trading 17,220 stock units. NCB Financial shed $1 to close at $113 while exchanging 10,792 stocks, PanJam Investment climbed $1 in closing at $65 with the swapping of 12,153 shares, but only after trading at an intraday low of $60. Portland JSX gained 99 cents ending at 52 weeks’ high of $11.99 after trading 16,976 units.
Proven Investments increased 78 cents to $37.78, with 32,813 stock units changing hands, Pulse Investments lost 33 cents at $3.83, with 1,608,039 shares crossing the market, Scotia Group advanced $1.09 in closing at $35.99 with the swapping of 14,538 stocks. Seprod declined $1.30 to close at $60 while exchanging 19,204 stock units, Sygnus Credit Investments climbed $1 to end at $16, 559,203 units crossing the market, Sygnus Real Estate Finance fell 40 cents in ending at $15.70 after exchanging 8,400 stocks and Wisynco Group rose 43 cents to end at 52 weeks’ high of $24.43, with 389,223 stock units crossing the market.
The All Jamaican Composite Index rose 77.65 points to 457,532.39, the JSE Main Index skidded 2,186.81 points to 399,554.57 and the JSE Financial Index declined 0.79 points to settle at 93.63.
At the close of the market, Caribbean Cement declined $1.30 to $69.70 in an exchange of 36,677 shares, Eppley dropped $4.75 to close at $38 after exchanging 3,280 stock units, Eppley Caribbean Property Fund fell $3 to end at $42 with the swapping of 3,478 units. First Rock Capital shed 64 cents to close at $11.65 in switching ownership of 18,984 stocks, GraceKennedy lost $1.09 after ending at $104.08 after 850,418 units crossed the market, Guardian Holdings shed $45 to close at a 52 weeks’ low of $500 in trading 41,380 stocks. Jamaica Producers fell $1.50 in closing at $21.50, with 39,313 stock units crossing the exchange, Jamaica Stock Exchange lost $1.80 in ending at $20.20 while exchanging 23,033 shares, Kingston Properties dropped 30 cents to $7.50 after exchanging 82,311 stock units. Kingston Wharves declined $1 to end at $39 in trading 8,542 units, Mayberry Investments fell 50 cents to end at $8.50, with 135,684 stocks crossing the market, Mayberry Jamaican Equities dropped 45 cents in closing at $12 and trading 52,157 shares. NCB Financial declined $2 to close at $114 with an exchange of 43,690 shares, 1834 Investments, fresh after the announcement of a proposed scheme of arrangements between themselves and Radio Jamaica traded 511,310 after the price jumped 28 cents to a 52 weeks’ high of $1.13, Palace Amusement lost $80 to end at $920, with 139 units clearing the market, PanJam Investment shed $1.01 in ending at $64 in exchanging 13,857 stock units.
Proven Investments fell 82 cents to close at $37, with 31,375 stocks changing hands, Radio Jamaica rallied 43 cents to $3.19 after trading 2,867,013 stocks, following the announcement of a proposed scheme of arrangements between themselves and 1834 Investments that will see RJR absorbing the assets and liabilities of 1834. Salada Foods popped 34 cents ending at $6.42 while exchanging 155 units. Scotia Group shed 30 cents to end at $34.90 after 104,230 stock units crossed the exchange, Seprod lost 50 cents to end at $61.30 trading 1,170 shares and Supreme Ventures dropped $2.45 to end at $29.55 after exchanging 462,521 stock units.
Transjamaican Highway, 2.52 million units for 16.6 percent market share and Wigton Windfarm that ended with 2.33 million units changing hands for 15.4 percent market share.
Sagicor Group fell $1.35 in closing at $56 after exchanging 979 stock units, Salada Foods lost 32 cents to end at $6.08 while exchanging 2,147 shares, Scotia Group rose 20 cents to $35.20 with an exchange of 45,747 units. Supreme Ventures rallied $4.50 to close at a 52 weeks’ high of $32, with 341,205 stocks crossing the exchange after the price hit an intraday high of $33.41. Sygnus Credit Investments declined 20 cents in ending at $15.20 after an exchange of 178,651 stocks, Sygnus Real Estate Finance climbed 40 cents to $16 while trading 2,917 shares and Wisynco Group popped 53 cents in closing at $23.98 in trading 230,185 stock units.
Barita Investments
Sagicor Group rallied $2.35 to end at $57.35 with 19,646 stock units crossing the exchange, Seprod rose $2.48 in closing at $61.98 with 7,955 shares clearing the market, Supreme Ventures advanced $2.50 to $27.50 187,127 stocks crossing the market and Wisynco Group gained 45 cents to close at $23.45 trading 132,559 stock units.
At the close, Barita Investmentsrallied 39 cents to close at $90.35 after 12,993 shares crossed the market, Eppley fell $2.45 in closing at $40.05 with an exchange of 271 stock units, GraceKennedy climbed $3 in ending at a 52 weeks’ high of $113 with the swapping of 320,475 units. Guardian Holdings increased $8 to end at $528 after exchanging 7,050 stocks, Jamaica Broilers gained 52 cents to close at $28.99 in exchanging 9,642 units, Jamaica Stock Exchange rose 74 cents to $23.99 in switching ownership of 27,127 stock units. JMMB Group declined $1.04 to $44.85, with 369,209 stocks crossing the market, Key Insurance dropped 37 cents to end at $4.60 after trading 14,801 shares, Kingston Wharves shed $6.50 in closing at a 52 weeks’ low of $34, with 7,091,004 stock units changing hands. Massy Holdings advanced 93 cents to close at $98.95 in an exchange of 39,040 stocks, Mayberry Investments popped 45 cents to $7.95 in exchanging 38,974 shares, Mayberry Jamaican Equities lost 77 cents to close at $11.51, with 5,565,183 units clearing the market. NCB Financial rose $2.75 to end at $112 and closed with 61,157 units changing hands, Palace Amusement advanced $49.99, ending at $1000, with 96 stocks crossing the exchange, Portland JSX gained $2.44 in closing at $11 in trading 5,359 stock units.
Proven Investments dropped $2 to $36.50 while exchanging 12,315 shares, Sagicor Group shed 40 cents to end at $55, trading 56,121 units, Seprod fell $2.48, ending at $59.50 after trading 3,345 stocks. Sygnus Real Estate Finance declined 79 cents to close at $15.50 with an exchange of 1,967 stock units and Wisynco Group lost $1 in closing at $23 after trading 789,735 shares.
Trading averaged 248,063 units at $2,424,957, down from 1,172,850 shares at $21,257,393 on Thursday and month to date, an average of 717,999 units at $7,333,227 versus 765,733 units at $7,831,791 on the previous trading day. March closed with an average of 610,787 units at $6,967,031.
Portland JSX fell $2.44 in closing at $8.56, with 56 stock units crossing the exchange, Proven Investments gained 30 cents to end at $38.50 while exchanging 21,365 shares, Sagicor Group lost $1.58 to end at $55.40 in an exchange of 6,625 stocks and Wisynco Group rose 80 cents to close at $24 after trading 184,605 units.
The All Jamaican Composite Index lost 953.08 points to settle at 449,225.19, the JSE Main Index fell 1,195.68 points to close at 394,486.85 and the JSE Financial Index slipped 0.01 points to 93.42. Trading ended with 60 securities against 59 on Wednesday, with 26 rising, 23 declining and 11 ending unchanged.
JMMB Group 7.35% – 2028 closed with 2.79 million units for 4 percent market share, 138 Student Living ended with 2.04 million units for 2.9 percent market share and Pulse Investments exchanged 1.27 million units for 1.8 percent market share.
NCB Financial rallied $9.15 to end at $117, with 25,463 units crossing the market, Proven Investments rose $1.20 in closing at $38.20 after exchanging 1,800 stocks, Sagicor Group increased $1.98 to $56.98 in an exchange of 7,639 stock units. Scotia Group dropped $1.88 in ending at $35 after exchanging 93,519 shares, Seprod climbed 88 cents to end at $61.98 with the swapping of 6,700 units, Supreme Ventures declined 51 cents in closing at $24.49 in an exchange of 362,832 stock units and Wisynco Group shed $1.10 to close at $23.20 after trading 700,949 shares.
The All Jamaican Composite Index rallied 1,270.23 points to 450,178.27, the JSE Main Index edged 195.57 points higher to 395,682.53 and the JSE Financial Index dipped 0.23 points to 93.43.
Caribbean Cement rose 42 cents to end at $71.64, clearing the market with 3,168 stock units, Eppley dropped 33 cents in closing at $42, with 544 stocks changing hands. GraceKennedy popped $1.35 in, ending at $105.40 after exchanging 100,275 units, Guardian Holdings shed $10 to $520 with an exchange of 5,611 shares, Jamaica Broilers advanced 99 cents to end at $28.99 while 1,993 units changed hands. Jamaica Producers fell 74 cents to $22.36, with 1,032,168 stocks crossing the exchange, Jamaica Stock Exchange gained 40 cents in closing at $23.70 after exchanging 21,531 stock units, Kingston Properties declined 70 cents to close at $7.50 in trading 174,744 units. Kingston Wharves increased 90 cents to $41 with 1,372 shares passing through the market, Massy Holdings lost 45 cents to end at $100, with 1,515,090 stocks crossing the market, Mayberry Investments rallied 40 cents to $6.90 in an exchange of 511,626 stock units. Mayberry Jamaican Equities rose $3.07 to close at a 52 weeks’ high of $12.27 in switching ownership of 77,696,272 stocks, MPC Caribbean Clean Energy shed $1 in ending at $114 after trading 181 shares, Palace Amusement dropped $49.99 in closing at $950.01 with 18 stock units changing hands. Portland JSX climbed $1.20 to $11 in trading 283 units, Proven Investments lost $1.50 to close at $37 after 45,802 stock units crossed the market, Pulse Investments declined 53 cents to end at $4.18 after trading 3,581,096 units.
Sagicor Group fell $2.09 in ending at $55 after exchanging 10,570 shares, Scotia Group advanced $1.38 in closing at $36.88 with an exchange of 11,638 stocks, Seprod rallied $1.45 to $61.10, trading 18,753 units. Stanley Motta shed 55 cents to end at $5.35 with 9,233 stock units changing hands, Supreme Ventures gained $2 to close at $25 in an exchange of 66,809 shares, Sygnus Credit Investments popped 58 cents in closing at $15.38 in switching ownership of 17,994 stocks. Sygnus Real Estate Finance increased 68 cents to end at $16.29 after an exchange of 1,681 units and Wisynco Group popped $1.80, in ending at a 52 weeks’ high of $24.30 in trading 160,489 stocks units.