The Jamaica Stock Exchange Main Market suffered a second day of significant decline as Caribbean Cement’s price plunged again on Friday to sit at $78 after more than a million shares traded, with the price hitting $69, as investors sold the stock down, following disclosure that company is proposing to increase the payout to its Parent, by way of increased management and other fees, up to four percent of revenues.
The All Jamaican Composite Index plunged 7,346.88 points, following Thursday nearly 5,000 points drop, to close the week at 427,237.85, and the lowest point since late-December last year. The JSE Main Index dived 6,433.10 points to 386,813.17 and the JSE Financial Index declined 1.26 points to end at 94.49.
Traded volume declined moderately as the value slipped 28 percent below Thursday trades as 53 securities changed hands compared to 51 on Thursday, with 20 rising, 21 declining and 12 ending unchanged.
The PE Ratio, a formula in computing appropriate stock values, averages 15.5. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasted by ICInsider.com for companies with financial years ending between the current year and August 2022.
A total of 8,907,757 shares traded for $199,296,925 versus 8,679,973 units at $275,453,480 on Thursday. Caribbean Cement led trading with 15.6 percent of total volume with a transfer of 1.39 million shares, followed by Wigton Windfarm 10.8 percent with 958,831 units and JMMB Group 9 percent after trading 801,575 units.
Trading averages 168,071 units for $3,760,31 compared to 170,196 shares at $5,401,049 on Thursday $3,184,829, compared to 266,594 units at $3,142,230 on Thursday. October closed with an average of 251,350 units at $2,773,208.
Investor’s Choice bid-offer indicator shows 16 stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Caribbean Cement dropped $3, to close at $78 in trading 1,393,328 shares, Eppley dipped 50 cents to $35.50 in an exchange of 954 units. First Rock Capital rallied 66 cents to $10.99 after trading 20,699 stock units, GraceKennedy climbed 50 cents to $98.50 in transferring 164,304 shares, Guardian Holdings advanced $3.30 to $529.30 with 22,141 stock units crossing the market. Jamaica Broilers declined $2.90 to close at $29 with the swapping of 3,590 units, JMMB Group lost 25 cents in closing at $38.50 in switching ownership of 801,575 stocks, Key Insurance shed 37 cents to end at $4.03 with the trading of 27,718 stock units. Kingston Properties rallied 31 cents to $8.85 with an exchange of 1,176 units, Kingston Wharves rose $1 to $46 with 11,717 shares changing hands, Margaritaville advanced $2.47 in closing at $22.99, with 1,551 units crossing the exchange. 
NCB Financial shed 98 cents to end at $117.02 with an exchange of 42,468 stocks, 138 Student Living rose 70 cents to $4.70 in transferring 4,360 shares, PanJam Investment lost 50 cents to close at $70 after exchanging 17,794 units, Portland JSX fell 89 cents to $6.61 with 500 shares clearing the market. Radio Jamaica lost 26 cents to close at $3.06 in switching ownership of 689,952 stock units, Sagicor Group shed 64 cents in ending at $52.21 while trading 103,931 shares, Seprod popped 65 cents to finish at $63.70 after exchanging 2,252 stocks. Supreme Ventures rose $1.48 to $18.48 with 66,957 units changing hands and Sygnus Real Estate Finance declined $1.93 to $14.05 after 1,700 stock units crossed the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Six securities traded, compared to five on Wednesday, with three rising, two declining and one ending unchanged.
First Rock Capital USD share climbed 0.4 of a cent to close at 7 US cents with the swapping of 43,840 shares, Margaritaville ended at 9.45 US cents in switching ownership of 18,153 units, Sterling Investments shed 0.09 cents in ending at 2 US cents after trading 486 stocks. Sygnus Credit Investments USD share popped 0.49 of a cent to 12.5 US cents, in trading with 714 stock units and Transjamaican Highway dropped 0.03 of a cent in closing at 0.84 US cents after an exchange of 440 shares.
The average trade for the day was 70,196 units at $5,401,049 versus 440,284 shares at $9,078,293 on Wednesday and month to date, an average of 266,594 units at $3,142,230, compared to 273,987 units at $2,968,998 on Wednesday. October closed with an average of 251,350 units at $2,773,208.
Margaritaville popped $2.68 ending at $20.52 in switching ownership of 510 stock units, 138 Student Living lost 45 cents to end at $4 in exchanging 8,290 shares, Palace Amusement rallied $30 to $1,030 with 27 units clearing the market, PanJam Investment gained 50 cents in closing at $70.50 with an exchange of 18,453 shares. Proven Investments lost 49 cents to settle $33 with the swapping of 2,500 stock units, Sagicor Group declined $1.91 to end at $52.85 after 70,956 stocks crossed the market, Scotia Group fell $2 in closing at $34.50 with the swapping of 157,337 units. Seprod shed 70 cents to close at $63.05 in trading 12,286 shares, Stanley Motta lost 26 cents in ending at $5.40 with 1,000 stock units changing hands, Sygnus Credit Investments lost 41 cents to finish at $15.60 in trading 66,085 shares and Wisynco Group shed 45 cents to close at $16.50 in switching ownership of 114,643 stocks.
Five securities traded compared to six on Tuesday, with two rising, three declining and one ending unchanged. The JSE US Denominated Equities Index lost 5.42 points to end at 194.23.
At the close, First Rock Capital USD share fell 0.39 of a cent in closing at 6.6 US cents in an exchange of 1,519 shares, Margaritaville gained 0.45 of a cent to close at 9.45 US cents trading 51,219 stock units, Proven Investments dropped 1.35 cents to end at 22.59 US cents, with 5,907 stocks clearing the market. Sygnus Credit Investments USD share lost 0.49 cents to end at 12.01 US cents in exchanging 18,300 units and Transjamaican Highway gained 0.01 of a cent to 0.87 of a US cent in switching ownership of 110,003 stock units.
Trading jumped sharply at the close of the Jamaica Stock Exchange Main Market on Wednesday, with the volume of shares trading rising 115 percent and the value surging 260 percent higher than on Tuesday, but the market indices eked out a modest rise as declining stocks edged those rising.
Trading ended with 21,573,918 shares changing hands for $444,836,346 versus 10,040,879 units at $123,722,251 on Tuesday. Carreras led trading with 39.9 percent of total volume after exchanging 8.60 million shares followed by JMMB Group with 13.4 percent for 2.89 million units, PanJam Investment held 9.3 percent with 2.02 million units, Sagicor Select Financial Fund accounted for 7.8 percent, with 1.68 million units and Wisynco Group with 5 percent with a transfer of 1.09 million units.
JMMB Group fell $1.65 in closing at $38.80 with 2,893,439 shares crossing the exchange, Kingston Wharves rallied 50 cents to $47 in trading 2,100 stocks, Margaritaville advanced $1.41 to $17.84 in an exchange of 11,007 stock units. NCB Financial popped $2 to close at $118 in transferring 60,945 units, Palace Amusement dropped $24 to close at $1,000 after an exchange of 63 stocks, PanJam Investment gained 50 cents in closing at $70 after trading 2,015,921 shares. Proven Investments climbed 49 cents to $33.49 with 9,015 units changing hands, Sagicor Group popped $1.76 to end at $54.76 after 802,872 stock units crossed the market and Sygnus Credit Investments dipped 29 cents to $16.01 with a transfer of 144,549 shares.
Six securities traded, down from eight on Monday, with prices of two rising, three declining and one ending unchanged.
In trading, First Rock Capital USD share closed at 6.99 US cents with 40,025 shares changing hands, Margaritaville dropped 0.45 of a cent to 9 US cents trading 119,609 units, Proven Investments rose 0.06 of a cent to 23.94 US cents in an exchange of 5,985 stocks. Sygnus Credit Investments USD share rose 0.06 of a cent to 12.5 US cents after an exchange of 26,900 stock units and Transjamaican Highway lost 0.02 of a cent to end at 0.86 US cents in switching ownership of 15,000 stocks.
The All Jamaican Composite Index jumped 1,731.22 points to 439,283.18, the JSE Main Index climbed 2,587.35 points to 397,380.02 and the JSE Financial Index gained 0.70 points to end at 96.12.
Trading averaged 189,451 units at $2,334,382, compared to 311,171 shares at $2,962,626 on Monday and month to date, an average of 260,759 units at $2,483,031, compared to 267,472 units at $2,497,025 on Monday. October closed with an average of 251,350 units at $2,773,208.
PanJam Investment spiked $1.50 to close at $69.50 with the swapping of 7,698 shares, Proven Investments gained 49 cents to end at $33 with an exchange of 6,359 units. Sagicor Group declined $1.50 to $53 after 668,437 stocks cleared the market, Salada Foods lost 46 cents in ending at $7 in trading 815 units, Scotia Group popped $2 to $36.50 in transferring 33,791 shares. Seprod gained 45 cents in closing at $63.95 after exchanging 8,641 stock units, Supreme Ventures shed 46 cents to end at $17 in switching ownership of 161,242 units and Sygnus Credit Investments fell $1 to $16.30 with 183,314 stock units changing hands.
Trading averaged 311,171 units at $2,962,626, compared to 219,447 shares at $3,368,215 on Friday and month to date, an average of 267,472 units at $2,497,025, compared to 262,931 units at $2,448,639 on Friday. October closed with an average of 251,350 units at $2,773,208.
NCB Financial rose $1.98 to $117 while exchanging 31,547 stock units, Palace Amusement rallied $40 to $1000, trading 157 units, PanJam Investment popped $1.70 to $68 with 24,886 shares changing hands. Proven Investments declined 99 cents to $32.51, with 8,710 stock units clearing the market, Sagicor Group climbed 50 cents in closing at $54.50 in exchanging 218,439 shares, Salada Foods popped 46 cents to $7.46 after 22,641 stocks crossed the exchange. Scotia Group rose 45 cents to $34.50 after trades of 138,131 units and Sygnus Credit Investments lost $1.60 to $17.30, with 335,969 shares changing hands.
Overall, eight securities traded, compared to five on Friday, with two rising, three declining and three ending unchanged.
First Rock Capital US share finished unchanged at 6.99 US cents with investors switching ownership of 20,652 shares, Margaritaville popped 0.45 of a cent to 9.45 US cents with 15,122 stock units changing hands, Proven Investments dropped 0.03 of a cent to end at 23.88 US cents with 13,407 units traded. Sygnus Credit Investments JMD stock shed 1.59 cents to close at 13 US cents with a transfer of 27 stocks, Sygnus Credit Investments USD stock slipped 0.06 of a cent to settle at 12.44 US cents with 3,916 shares passing through the market, Sygnus Real Estate Finance USD share lost 0.1 of a cent to settle at 16 US cents with 154 units traded and Transjamaican Highway remained at 0.88 US cents with 50,816 stock units crossing the exchange.
At the close, Caribbean Cement fell $2.20 to $100 trading 17,409 shares, Eppley fell 79 cents to $37 with 265 units crossing the market, GraceKennedy slipped 94 cents to $99 after exchanging 387,356 stock units. Guardian Holdings declined $10 to $510, with 889 stocks crossing the exchange, Jamaica Producers advanced $1.40 to $23.40, after 3,880 units cleared the market, JMMB Group gained 30 cents after ending at $37.80 after an exchange of 116,390 shares. Kingston Properties lost 43 cents to close at $8.57 in trading 738 stock units, Margaritaville dipped 60 cents to $15.30 with a transfer of 74,498 shares, Mayberry Jamaican Equities rose 61 cents to $9.12, in swapping of 1,900 units. NCB Financial declined $4.68 to a 52 weeks’ closing low of $115.02 in transferring 34,177 shares, Palace Amusement dropped $20 to $960 after trading two stocks, PanJam Investment fell $1.70 to $66.30 with the swapping of 6,504 stock units.
Proven Investments advanced $1.99 to $33.50 with 1,706 units changing hands, Radio Jamaica shed 70 cents in closing at $3.50 with the swapping of 2,014,280 stocks, following the release of record six months results, Sagicor Group lost 50 cents to finish at $54 in trading 404 stock units. Salada Foods slipped 50 cents to $7 with an exchange of 45,736 shares, Scotia Group fell $1.95 to end at $34.05 after trading 2,680,542 stock units, Supreme Ventures shed 71 cents to close at $17.23 in switching ownership of 18,990 stocks. Sygnus Credit Investments rallied 78 cents to $18.90 in an exchange of 143,034 units and Sygnus Real Estate Finance declined $1.99 in closing at a 52 weeks’ low of $16 with 10,981 shares clearing the market.