Market activity ended on Wednesday with the volume of shares trading surged 74 percent above Tuesday’s trades with a moderately lower loss of 7 percent in value, leading to the eighth day of decline in the market index out of nine since the start of the month, on the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index dropped 2,314.42 points to settle at 445,038.65, the Main Index fell 1,530.01 points to 404,134.68 and the JSE Financial Index lost 1.11 points to end at 97.60.
Trading ended with 50 securities compared to 49 on Tuesday, with rising and declining stocks accounting for 20 each, with ten ending unchanged.
The PE Ratio, a measure used in computing appropriate stock values, averages 15.5 based on ICInsider.com’s forecast of 2021-22 earnings.
A total of 17,325,332 shares traded for $88,984,892 compared to 9,957,383 units at $95,786,617 on Tuesday.
QWI Investments led trading with 47.1 percent of total volume in exchanging 8.15 million shares followed by Wigton Windfarm with 12.7 percent after trading 2.21 million units, Sagicor Select Manufacturing & Distribution Fund 7.7 percent, with 1.33 million units and Transjamaican Highway 6.8 percent with 1.18 million units changing hands.
Trading averages 346,507 units at $1,779,698, versus 203,212 shares at $1,954,829 on Tuesday and month to date, an average of 251,039 units at $3,278,609, compared to 239,510 units at $3,459,637 on Tuesday.
September closed with an average of 335,669 units at $7,507,404.
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, Barita Investments dived $4.31 to close at $95.05 in an exchange of 77,710 shares, Caribbean Cement spiked $4.90 in closing at $120.90 with the swapping of 9,831 stock units, Eppley rose $1 to close at $36 after 1,000 stocks cleared the market. Eppley Caribbean Property Fund shed 77 cents to $39.50 in switching ownership of four units, Guardian Holdings popped $5 to $575 with an exchange of 163 stocks, Jamaica Broilers lost 50 cents to finish at $30 after transferring 12,079 shares. Jamaica Producers gained 63 cents to $21.90 with 5,808 stock units crossing the market, Jamaica Stock Exchange shed 49 cents in closing at $17 after trading 8,608 stocks, JMMB Group rose 43 cents to $37.59 with a transfer of 813,932 stock units. NCB Financial rallied 50 cents to end at $125.50 in exchanging 30,267 shares, Palace Amusement surged $94 to $1,024 with the swapping of 77 units, PanJam Investment advanced $1.40 to $64.40 with 1,859 stock units changing hands. Proven Investments lost 45 cents to $33.03 in switching ownership of 1,403 units, Sagicor Real Estate Fund popped $1.50 in closing at $8.50 after exchanging 450 stocks,
Scotia Group shed 49 cents to close at a 52 weeks’ low of $36.21 in trading 155,282 stock units, Seprod gained 29 cents to close at $57.80 with the swapping of 46,199 shares and Sterling Investments traded 764,038 shares and gained 21 cents to close at $3.01.
In the preference segment, Eppley 7.50% preference share gained 50 cents to close at $7 in exchanging 500 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading ended with six securities changing hands, up from five on Monday with an equal split of two between rising stocks and those declining and closing unchanged.
Proven Investments rose 1.6 cents to 24.6 US cents with a transfer of 2,455 units. Sterling Investments gained 0.09 of a cent to close at 2.09 US cents with 17,131 stock units passing through the market, Sygnus Credit Investments USD share declined by 2 cents to settle at 11 US cents with 142,800 stocks changing hands and Sygnus Real Estate Finance USD share finished unchanged at 14 US cents with 556 shares crossing the exchange.
The All Jamaican Composite Index shed 1,515.24 points to 447,353.07, the JSE Main Index dropped 1,445.83 points to 405,664.69 and the JSE Financial Index lost 0.15 points to end at 98.71.
September closed with an average of 335,669 units at $7,507,404.Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and three with lower offers.
Scotia Group declined $2.24 to a 52 week’s low of $36.70 in transferring 167,009 units, Seprod gained 39 cents in closing at $57.51 with 29,054 shares clearing the market and Sygnus Credit Investments picked up 24 cents to end at $17.24 in exchanging 124,241 stocks.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and four with lower offers.
Pulse Investments dipped 53 cents to close at $4.50 with 1,157,544 shares crossing the market, Sagicor Group spiked $2.98 in closing at $55 after 92,433 stocks cleared the market, Scotia Group rose $1.84 to $38.94 with an exchange of 2,211 stock units. Seprod declined $5.98 to $57.12 with 76,822 units changing hands and Sygnus Real Estate Finance shed $1.35 to end at $17.60 in switching ownership of 1,645 stocks.
Five securities traded compared to eight on Friday, with prices of one rising, three falling and one ending unchanged. The US Denominated Equities Index dropped 2.55 points to end at 183.81.
At the close, First Rock Capital settled at 7 US cents with 415 shares changing hands, Margaritaville declined 0.01 of a cent to end at 9.99 US cents with 1,037 stocks traded, Proven Investments fell 1 cent to 23 US cents with a transfer of 1,496 stock units. Sygnus Credit Investments USD share dipped half a cent to 13 US cents with investors swapping 8,540 units and Transjamaican Highway gained 0.06 of a cent to close at 0.9 US cents with 1,500 stock units crossing the exchange.
Overall, eight securities traded compared to seven on Thursday, with four stocks rising, none declining and four ending unchanged.
At the close, First Rock Capital remained at 7 US cents with investors switching ownership of 9,570 shares, Margaritaville rose 0.49 of a cent to 10 US cents with 987 stocks changing hands, Productive Business Solutions settled at 74 US cents in exchanging 265 stock units. Proven Investments advanced 0.9 of a cent to 24 US cents with 2,955 units traded, Sygnus Credit Investments USD share rallied 1.5 cents to close at 13.5 US cents with 14,437 shares passing through the market, Sygnus Real Estate Finance USD share finished at 14 US cents with investors swapping three stocks and Transjamaican Highway inched 0.01 of a cent higher to close at 0.84 US cents with 124,963 stock units crossing the exchange.
The All Jamaican Composite Index rose for the first time in six days by 1,429.76 points to close at 451,217.11, the JSE Main Index rallied 2,093.61 points to 408,390.85 and the JSE Financial Index added 0.69 points to end at 98.35.
on Thursday and month to date, an average of 262,689 units at $4,084,598, compared to 253,960 units at $3,923,610 on Thursday. September closed with an average of 335,669 units at $7,507,404.
NCB Financial fell $1.28 to $125.50 with a transfer of 38,743 stocks, 138 Student Living popped 49 cents to $5 in trading 2,228 shares, PanJam Investment popped $1.20 to $64.45 with 100 units clearing the market. Sagicor Group declined $2.88 to close at $52.02 in transferring 4,171 units, Scotia Group rose 43 cents to end at $37.10 in an exchange of 658,325 stock units and Sygnus Credit Investments climbed 36 cents to $16.96 with 96,855 shares changing hands.
The All Jamaican Composite Index shed 597.88 points to 449,787.35, the Main Index declined 1,399.33 points to 406,297.24 and the JSE Financial Index slipped 0.43 points to end at 97.66.
September closed with an average of 335,669 units at $7,507,404.
Pulse Investments gained 26 cents after ending at $5.10 with the swapping of 1,252,651 units, Sagicor Group advanced $1.90 to $54.90, with 66,292 stocks crossing the market, Scotia Group shed 83 cents to end at a 52 weeks’ low of $36.67 in trading 296,755 stock units. Sygnus Real Estate Finance rose 91 cents to $18.95, with a transfer of 2,541 stocks and Victoria Mutual Investments shed 35 cents in closing at $6 after exchanging 98,789 units.
Proven Investments dropped 1.59 cents to 23.1 US cents with investors switching ownership of 2,674 units, Sterling Investments declined by 0.09 of a cent to close at 2 US cents with 72,601 stock units passing through the market, newly listed Sygnus Real Estate Finance USD gained 14 cents to settle at 14 US cents with 4 shares traded and Transjamaican Highway remained at 0.83 of a cent with 130,000 units changing hands.
The All Jamaican Composite Index dropped 1,499.34 points to end at 450,385.23, the JSE Main Index shed 2,983.16 points to 407,696.57 and the JSE Financial Index shed 1.11 points to settle at 98.09.
A total of 13,717,047 shares traded for $178,931,191 versus 11,674,398 units at $83,242,103 on Tuesday. Wigton Windfarm led trading with 25.4 percent of total volume after trading 3.48 million shares. QWI Investments followed, with 15 percent, after 2.06 million shares changed hands, Transjamaican Highway contributed 10.2 percent with 1.4 million units, Carreras controlled 9.6 percent market share, with 1.32 million units and Scotia Group 7.7 percent with 1.06 million shares.
Kingston Wharves lost $1.20 to $43.80 in exchanging 2,686 shares, Mayberry Jamaican Equities increased 25 cents to $8.95 in an exchange of 79,409 units, Proven Investments dropped 30 cents to $32.70, with 5,001 units crossing the exchange. Pulse Investments declined 26 cents to close at $4.84 after 712,107 shares changed hands, Sagicor Group lost $2 in ending at $53 after exchanging 72,941 stocks, Sagicor Real Estate Fund rallied 49 cents to $8.49 in switching ownership of 1,362 units. Scotia Group fell $1 to $37.50 after trading 1,062,158 units, Seprod climbed 95 cents to $63.10, with 47,604 stocks crossing the market, Sygnus Real Estate Finance dropped $1.16 to end at a new low of $18.04 after exchanging 15,175 stock units and Victoria Mutual Investments gained 72 cents to end at $6.35 with an exchange of 118,979 shares.