Bullish open fades on the JSE Main Market

Stocks raced 3,011 points ahead of the 425,748.98 close on Friday within 12 minutes of the market’s opening and pushed the All Jamaican Composite Index to 428,759.90 on the Jamaica Stock Exchange Main Market on Monday, but the market ended the day with a modest rise after more stocks gained than fell.
At the close, the All Jamaican Composite Index rose 204.81 points to 425,953.79, the Main Index advanced by 284.47 points to 388,747.9 and the JSE Financial Index gained 0.31 points to settle at 102.82.
Trading ended with 41 securities changing hands compared to 36 on Friday and closed with the prices of 21 stocks rising, nine declining and 11 remaining unchanged. The average PE Ratio ended at 15.8 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 38 percent fewer shares than on Friday, after 27,815,530 shares traded for $166,571,949 compared to 44,980,918 units at $1,341,663,306 on Friday. Sagicor Select Financial Fund led trading with 53.9 percent of total volume, after exchanging 14.98 million shares followed by Wigton Windfarm with 13.5 percent for 3.76 million units. Transjamaican Highway controlled a 12.7 percent market share with 3.54 million units and Sagicor Select Manufacturing & Distribution Fund accounted for 3.6 percent of the day’s trade in closing with one million units changing hands.
The average trade was 678,428 units for $4,062,730, compared to an average of 1,249,470 shares at  $37,268,425 on Friday. The average trade for the month to date ends at 346,635 units at $7,073,555 for each security, in contrast to 324,765 units at $7,272,017. October averaged 398,200 units at $4,622,532.
The Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and four with lower offers.
At the market closing, Barita Investments gained 50 cents in closing at $84.50, after 11,863 shares cleared the market, Caribbean Cement advanced $1.33 to $58 in trading 2,631 units, Eppley gained $4.98 to $25, with 28,065 stock units changing hands. Eppley Caribbean Property Fund rose 75 cents to $41.50, with 1,350 units crossing the exchange, First Rock Capital gained 30 cents to end at $13 after an exchange of 19,470 stocks, Jamaica Broilers shed 60 cents to settle at $6.40 in trading 6,876 units. Jamaica Producers ended at $20.06, with gains of 36 cents after exchanging 1,067 stock units, Jamaica Stock Exchange rose 87 cents to $19.87, with investors swapping 12,561 shares, Key Insurance jumped $1.81 to $9.11, trading 42,172 units. Mayberry Jamaican Equities shed 80 cents to settle at $7, after transferring 3,098 units, NCB Financial declined $1.48 to$148.50, in crossing the exchange with 714,826 shares, Palace Amusement climbed $34.99 to $1,300, with 2 units changing hands. Salada Foods fell $2.50 to $25, with 5,139 stock units crossing the market, Scotia Group rose 85 cents to end at $46.85, exchanging 10,778 shares and Seprod gained $1 to close at $63 trading 19,472 stock units.

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

Stocks fall on JSE USD market

More stocks declined on Monday in the US dollar market of the Jamaica Stock Exchange than traded on Friday and leading the market index to decline after trading nearly nine times the number of shares traded on Friday. 
Five securities changed hands on Monday compared to two on Friday and closed with the prices of one stock rising, three falling and one remained unchanged.
The JSE USD Equities Index dropped 9.86 points to 182.84. The average PE Ratio ended at 13.4 based on ICInsider.com’s forecast of 2020-21 earnings.
Investors tradeded 390,138 shares for US$11,832 compared to 43,973 units at US$9,230 on Friday.
The average trade ended at 78,028 units for US$2,366, versus 21,987 shares at US$4,615 on Friday. An average of 50,782 units at US$5,218 traded for the month to date compared to 48,653 units at US$5,441 to Friday. October trading averaged 697,808 units at US$17,320.
The Investor’s Choice bid-offer indicator reading shows two stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close of the market, First Rock Capital Investment remained at 8.6 US cents after exchanging 1,743 shares, Productive Business Solutions lost 9 US cents to close at 66 US cents, with 609 stock units trading, Proven Investments rose 2.76 US cents to 25.98 US cents after the trading of 31,318 units. Sygnus Credit Investments lost 1.83 US cents to settle at 14.16 US cents while exchanging 6,472 shares and Transjamaican Highway lost 0.04 of a cent and settled at 0.85 of a US cent after exchanging  349,996 units.

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

Main Market back at Mid-April close

Market indices bounced for the Jamaica Stock Exchange Main Market on Friday to sit a fraction below the April 17 close, but is still 24 percent lower than the start of the year, but closed with 362 percent more shares traded than Thursday but with more than twice the number of stocks declining as advancing.

Main Market index displaying bullish formation

The market continues to maintain the bullish mood that has been slowly building since the summer months as the market, closing, as the All Jamaican Composite Index climbed 1,286.30 points to 425,748.98, the Main Index rose 1,154.92 points to 388,463.43, but the JSE Financial Index lost 0.12 points to settle at 102.51.
Trading ended with 36 securities changing hands compared to 37 on Thursday and closed with the prices of nine rising, 19 declining and eight remaining unchanged. The average PE Ratio ended at 15.6 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 44,980,918 shares for $1,341,663,306  compared to 9,736,055 units at $369,213,753 on Thursday.
Sagicor Manufacturing & Distribution Fund led trading with 33.4 percent of total volume, after exchanging 15 million shares followed by QWI Investments with 32.7 percent for 14.7 million units, NCB Financial with 18.9 percent for 8.5 million units. Transjamaican Highway controlled 4 percent market share, with 1.78 million units Sagicor Select Financial Fund accounted for 3.7 percent with 1.65 million units and Wigton Windfarm controlled 3.5 percent of the market with 1.57 million units.
The average traded was 1,249,470 units at $37,268,425 for each security, compared to an average of 263,137 shares at  $9,978,750 on Thursday. The average trade for the month to date ends at 324,765 units at $7,272,017 for each security, in contrast to 267,957 unit at $5,429,235. October averaged 398,200 units at $4,622,532.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows 10 stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Berger Paints gained 30 cents to close at $11.85 exchanging 33,440 shares, Caribbean Cement declined by $3.32 to end at $56.67, in trading 2,579 stock units, Jamaica Broilers shed 50 cents to settle at $27, after crossing the market with 4,824 units. Jamaica Producers fell $2.05 to $19.70, with 7,450 stock units changing hands, Key Insurance shed 85 cents to close at $7.30, trading 2,602 units, Kingston Wharves climbed $3.90 to settle at $48.90, with investors swapping 1,662 stock units. MPC Caribbean Clean Energy dropped $7.01 in closing at $138 trading 836 units, Pan Jam Investment closed at $65, with gains of $1.76, trading 147,995 shares, Proven Investments shed 50 cents in closing at $38, with 10,286 stock units changing hands. Sagicor Group finished at $48, after losing 50 cents exchanging 151,507 shares and Scotia Group rose 80 cents to settle at $46 trading 5,512 units.

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

Slippage in JSE USD market

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Trading in the US dollar market of the Jamaica Stock Exchange closed trading on Friday with limited activity with the market declining for a second day after trading 79 percent fewer shares than on Thursday and values falling 49 percent. 
At the close of the market, trading ended with two securities changing hands compared to six on Thursday and closed with the prices of two declining.
The JSE USD Equities Index shed 1.87 points to settle at 192.70. The average PE Ratio is 13.6 based on ICInsider.com’s forecast of 2020-21 earnings.
The market continues to trade well below the average activity in October, with an exchange of 43,973 shares accounting for US$9,230 on Friday, compared to 206,695 units at US$18,236 on Thursday. The average trade amounts to 21,987 units changing hands at US$4,615, in contrast to an average of 34,449 shares at US$3,039 on Thursday. Trading ended with an average of 48,653 units for the month to date at US$5,441, compared to 49,514 units at US$5,468. By comparison, October ended with an average of 697,808 units for US$17,320.
The Investor’s Choice bid-offer indicator reading for the market shows four stocks ending with bids higher than their last selling prices and none with lower offers.
At the close of the market, First Rock Capital Investment lost 0.05 of a cent to end at 8.6 US cents, with investors swapping 10,800 stock units and Proven Investments declined by 2.77 US cents to settle at 23.22 US cents after trading 33,173 shares.

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

Slippage for JSE Main Market

NCB Financial dominated the market on Thursday as prices of more stocks rose at the close of trading than those declining, but big losses in a number of stocks pressured the Jamaica Stock Exchange Main Market and pushed the market indices down.
At the close, the All Jamaican Composite Index dropped 2,741.60 points to 424,462.68, the Main Index fell by 2,536.99 points to 387,308.51 and the JSE Financial Index lost 0.60 points to settle at 102.63.
Trading ended with 37 securities changing hands compared to 44 on Wednesday and closed with prices of 15 stocks rising,  12 declining and 10 remaining unchanged. The average PE ends at 15.6 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading ended with 40 percent fewer shares than Wednesday with a 49 percent decline in the value of stocks changing hands. At the close 9,736,055 shares traded for $369,213,753 compared to 16,137,399 units at $724,067,008 on Wednesday. NCB Financial led trading with 22.8 percent after exchanging 2.22 million shares, followed by Sagicor Select Financial Fund with 19.6 percent for 1.91 million units, Transjamaican Highway with 16.1 percent market share for 1.57 million units and Wigton Windfarm closed with 12.9 percent market share with 1.26 million units changing hands.
Trading averaged 263,137 units changing hands at $9,978,750 for each security, compared to 366,759 shares at $16,456,068 on Wednesday. Month to date average trade ends at 267,957 units at $5,429,235 in contrast to 268,282 units at $5,122,619 on Wednesday. Trading for October averaged 398,200 units at $4,622,532.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows eight stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, Barita Investments shed 50 cents to end at $84, in an exchange of 3,848 shares, Berger Paints lost 30 cents to settle at $11.55 trading 7,643 stock units, Caribbean Cement climbed $5.99 to $59.99, after exchanging 13,531 stock units. Eppley Caribbean Property Fund fell $3.05 to $40.75, with a transfer of 8,110 stock units, First Rock Capital gained 89 cents to $12.89, with 1,081 units changing hands, Jamaica Broilers advanced $1.20 to $27.50, in trading 102 units. Jamaica Stock Exchange rose 68 cents to settle at $19, with investors switching ownership of 36,204 shares, Kingston Wharves dropped $3.90 to $45 in trading 55,000 shares, Palace Amusement dived $34.99 to $1,265.01, in an exchange of 42 units. Pan Jam Investment shed 76 cents to end at $63.24 after trading 5,898 units, Proven Investments settled at $38.50, with gains of $1.64, in clearing the market with 2,642 units, Sagicor Group gained 40 cents to close at $48.50, with 38,536 shares crossing the exchange. Seprod ended at $62, with a loss of 50 cents trading 5,503 units and Supreme Ventures rose 55 cents to $15.90, with an exchange of 26,291 stock units.

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

Trading surges on JSE USD market

Trading climbed sharply on Wednesday by more than fourteen times Tuesday level on the US dollar market of the Jamaica Stock Exchange with the market index rising 2.27 points to settle at 195.56 at the close.
At the close of the market, trading ended with four stocks changing hands compared to two on Tuesday and closed with the prices of two stocks rising, two declining and none remaining unchanged.
The average PE Ratio ended at 13.8 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 700,105 shares at US$38,808 compared to 48,132 units at US$8,939 on Tuesday. The average trade was 175,026 units changing hands at US$9,702, in contrast to an average of 24,066 shares at US$4,469 on Tuesday. Trading ended with an average of 51,128 units for the month to date at US$5,728 compared to 41,597 units at US$5,422. By comparison, October ended with an average of 697,808 units for US$17,320.
The Investor’s Choice bid-offer indicator reading for the market shows four stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, First Rock Capital Investment gained 0.64 of a cent to end at 8.65 US cents, trading 36,020 shares, Proven Investments slipped 0.05 of a cent and settled at 25.9 US cents, with 65,344 units changing hands. Sygnus Credit Investments rose 2 US cents to 17 US cents and finishing with an exchange of 85,717 shares and Transjamaican Highway lost 0.05 of a cent to end at 0.85 of a US cent after trading 513,024 stock units.

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

7 month JSE Main Market high

Stocks closed at a seven month high at the close of the Jamaica Stock Exchange Main Market trading on Wednesday with the market rising higher than Tuesday, with NCB Financial fueling the gain with a rise of $8 price as the All Jamaica Composite Index ended just below the April 16 close of 427,779.79 points.
At the close, the All Jamaican Composite Index surged 7,042.47 points to 427,204.28, the Main Index jumped 6,294.46 points to 389,845.50 and the JSE Financial Index added 2.61 points to settle at 103.23.
Trading ended with 44 securities changing hands compared to 42 on Tuesday and closed with the prices of 14 stocks rising, 17 declining and 13 remaining unchanged. The average PE ratio ended at 15.7 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed after an exchange of 16 percent more shares than on Tuesday, resulting in 16,137,399 shares trading for $724,067,008 compared to 13,931,581 units at $189,778,108 on Tuesday.
Grace Kennedy led trading with 29.6 percent of total volume after exchanging 4.77 million shares, followed by Transjamaican Highway with 21.9 percent for 3.53 million units. NCB Financial ended with 17.1 percent of the overall volume after trading 2.76 million units, with a value of $414 million and accounted for 57 percent of the market’s value and Sagicor Select Financial Fund closing with 5.6 percent of the volume as 1.4 million units traded.The average trade amounts to 366,759 units at $16,456,068 for each security, compared to an average of 331,704 shares at $4,518,526 on Tuesday. The average trade for the month to date ended at 268,282 units at $5,122,619 for each security, in contrast to 259,701 units at $4,135,150 on Tuesday. Trading for October averaged 398,200 units at $4,622,532 .
The Investor’s Choice bid-offer indicator reading for the market shows 10 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, Barita Investments shed 30 cents to close at $84.50, in an exchange of 4,450 shares, Caribbean Cement dropped $5 to end at  $54 trading 23,334 stock units, Eppley gained 50 cents to close at $20, after clearing the market with 29,227 units. First Rock Capital lost 50 cents, closing at $12, with 27,582 shares passing through the market, Jamaica Broilers Group fell $1.60 to $26.30, in exchanging 2,557 units, Key Insurance gained 95 cents to end at $8.15, after trading just one stock. Kingston Properties fell 48 cents to $7, with a transfer of 550 units, Kingston Wharves rose $1.90 to $48.90, in crossing the exchange with 255 units, MPC Caribbean Clean Energy declined by $4.99 to $145.01, with an exchange of 59 units. NCB Financial climbed $8 to  $150, with 2,760,546 shares changing hands, Pan Jam Investment advanced by $2.84 to $64 after exchanging 11,719 units, Proven Investments declined by $2.14 in closing at $36.86, in trading 2,900 units. Salada Foods shed 79 cents to end at $27.50, with an exchange of 260 units, Scotia Group fell by $2.89 in closing at $45.06, with 172,829 shares changing hands and Supreme Ventures lost 65 cents to end at $15.35, after 27,135 stock units passed through the market.

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

JSE Main market in bull territory

In continuation of the early stage of a bull market, the All Jamaica Composite Index of the Jamaica Stock Exchange Main Market jumped 4,847.95 points to close 420,161.81 on Tuesday, the highest close since the end of June when the index then closed at 420,735.55 points.

JSE all jamaica Composite index with bullish formation.

The move higher was telegraphed from September by one technical indicator and helped by some companies reporting attractive profits, for the September quarter.
In trading on Tuesday, rising stocks beat out falling ones by nearly five to one after an exchange of 96 percent more shares changing hands than on Monday, with a 46 percent increase in value.
At the close, the Main Index climbed 4,655.78 points to 383,551.04 and the JSE Financial Index rose 1.59 points to settle at 100.62.
Trading ended with 42 securities changing hands compared to 45 on Monday and closed with the prices of 23 stocks rising, five declining and 14 remaining unchanged. The average PE Ratio ended at 16 based on ICInsider.com forecast of 2020-21 earnings.
Trading resulted in 13,931,581 shares for $189,778,108 changing hands up from 7,088,457 units at $129,315,419 on Monday. Wigton Windfarm led trading with 42.1 percent of total volume after exchanging 5.86 million shares, followed by Carreras with 13.2 percent for 1.83 million units, Transjamaican Highway with 12.4 percent of the day’s trade for 1.73 million units and Grace Kennedy closing with 9.1 percent of the day’s volume after 1.27 million units changed hands.
Trading ended with an average of 331,704 units changing hands at $4,518,526 for each security compared to an average of 157,521 shares at $2,873,676 on Monday. The average trade for the month to date ended at 259,701 units at $4,135,150 for each security,in contrast to 253,170 units at $4,100,373. Trading month to date compares adversely to October’s average of 398,200 units at $4,622,532.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows five stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of the market, Barita Investments rose to $84.80, with gains of 80 cents after trading 6,022 stock units, Caribbean Cement advanced by $1.01 to $59, in exchanging 9,327 stock units. Eppley Caribbean Property Fund climbed $4.80 to $43.80, with 380 units changing hands, First Rock Capital gained 50 cents to settle at $12.50, with 1,864 units crossing the market, JMMB Group rose 39 cents to $31.89, trading 60,673 shares. Key Insurance declined $1 to close at $7.20, after exchanging 270,373 shares, Kingston Wharves fell $1.50 to $47, with an exchange of 758 units, Margaritaville advanced by $7.33 to close at a record $56.23 with 10 units changing hands. Mayberry Jamaican Equities gained 93 cents with 9,000 stock units passing through the market to end at $7.93, NCB Financial climbed $3.50 to $142 after 462,307 units changed hands, 138 Student Living declined by $1.38 to $3.51, with the swapping of one stock unit, Proven Investments shed 80 cents to end at $39 after trading 3,894 stocks. Scotia Group rose by $1.23 to $47.95 with 254 units changed hands, Seprod ended at $62.50, with gains of $1.75 after investors switched ownership of 19,669 stock units, Supreme Ventures finished 50 cents higher at $16, in trading 43,509 shares and Victoria Mutual Investments gained 30 cents to settle at $5.40, with 84,799 shares changing hands.

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

Another rising day for JSE Main Market

The stock market indices continue to move higher at the end of trading on the Jamaica Stock Exchange Main Market on Monday after an exchange of 42 percent fewer shares with 36 percent less value than on Friday.
At the close, the All Jamaican Composite Index advanced by 1,062.24 points to 415,313.86, the Main Index climbed 1,066.43 points to 378,895.26 and the JSE Financial Index lost 0.34 points to settle at 99.03.
Trading ended with 45 securities changing hands compared to 41 on Friday and closed with the prices of 15 stocks rising, 20 declining and 10 remaining unchanged. The average PE Ratio ended at 15.5 based on ICInsider.com’s forecast of 2020-21 earnings.
Investors traded 7,088,457 shares for $129,315,419 versus 12,184,860 units at $359,160,713 on Friday.
Sagicor Select Financial Fund led trading with 22.9 percent of total volume after trading 1.62 million shares, followed by Transjamaican Highway with 15.2 percent for 1.08 million units and Wigton Windfarm with 9.2 percent for 654,201 shares.
Trading ends with an average of 157,521 units at $2,873,676 for each security, in comparison to an average of 297,192 shares at $8,760,017 on Friday. The average trade for the month to date ended at 253,170 units at $4,100,373 for each security, in contrast to 263,467 units at $4,232,434. Trading month to date compares adversely to October’s average of 398,200 units at $4,622,532.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows 12 stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Barita Investments declined by $1.30 to end at $84, after crossing the market with 12,863 shares, Caribbean Cement climbed $4.98 to $57.99, exchanging 19,673 stock units, Eppley rose 53 cents to $19.50, in trading 3,208 units. First Rock Capital fell $1.25 to $12 after an exchange of 27,995 stock units, Jamaica Broilers rose $1.79 to $27.80, with 4,586 units passing through the market, Kingston Properties gained 48 cents to end at $7.48, in clearing the market with 857 units. MPC Caribbean Clean Energy climbed $15 to $150, after crossing the exchange with 10 units, NCB Financial climbed $4.50 to settle at $138.50, in trading 605,762 shares, Palace Amusement jumped $199.99 to $1,300 after trading 20 units. Sagicor Group closed at $48, with a loss of $1 with 20,399 stock units changing hands, Scotia Group carved out a loss of $1.43, in ending at $46.72, after 726 units cleared the market, Seprod declined $3.25 to $60.75 after exchanging 11,015 units. Stanley Motta gained 45 cents to close at $5.60, with 380 units changing hands, Supreme Ventures lost 47 cents to close at $15.50 after exchanging 99,556 shares and Victoria Mutual Investments shed 58 cents in closing at $5.10, with 487,968 shares crossing the exchange.

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

Trading up for JSE USD market

Stocks mostly rose on the US dollar market of the Jamaica Stock Exchange at the close of trading on Friday after trading 546 percent more shares than on Thursday, as Sygnus Credit Investments with more than 650,000 shares and Transjamacian traded more than 400,000 units pushed up the volume of shares that changed hands.  

Sygnus Credit Investments hit new highs in the US market.

Trading ended with four securities changing hands compared to five on Thursday and closed with prices of three stocks rising, none declining and one remained unchanged.
The JSE USD Equities Index shed 2.05 points to settle at 193.73. The average PE Ratio ended at 13.9 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 1,125,027 shares, accounting for US$106,525 compared to 174,197 units at US$30,301 on Thursday. The average trade amounts to 281,257 units changing hands at US$26,631, in contrast to an average of 34,839 shares at US$6,060 on Thursday.
Trading ended with an average of 43,798 units for the month to date at US$5,653, in contrast to 22,210  units at US$3,746. October ended well above November’s average, with an average of 697,808 units for US$17,320.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows three stocks ending with bids higher than their last selling prices and one with lower offers.
At the close of the market, First Rock Capital Investment added 0.01 of a cent and ended at 8.64 US cents, with the swapping of 1,962 units, Proven Investments gained 0.65 of a cent to close at 25.95 US cents, after an exchange of  25,526 stock units, Sygnus Credit Investments gained 1.92 US cents to settle at 16.42 US cents trading 659,560 shares and Transjamaican Highway was unchanged at 0.9 of a US cent, with 437,979 shares changing hands.

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