The Jamaica Stock Exchange closed with the second worse one-day fall in the market’s history and ended with, the JSE All Jamaican Composite Index plunged 22,129.54 points to 434,832.42, the JSE Market nose-dived 20,034.15 points to 396,228.13 and the JSE Financial Index fell 7.46 points to 106.81.
The market closed with 41 securities changing hands in the Main and US dollar markets after six stocks traded at 52 weeks’ lows. At the close prices of 8 stocks rose, 29 declined and 4 traded firm. The JSE Main Market activity ended with 35 securities accounting 19,892,130 units valued at $229,454,953 in contrast to 34,017,777 units valued at $260,298,044 from 43 securities on Friday.
Wigton Windfarm led trading with 8.9 million shares for 45 percent of total volume, followed by Wisynco Group with 4.6 million shares for 23 percent of the day’s trade and Sagicor Select Financial Fund with 1.9 million shares for 9.6 percent market share. QWI Investments, with 1.3 million shares, was the only other stock trading more than one million units.
The Market closed with an average of 568,347 units valued at $6,555,856 for each security traded, in contrast to 791,111 units at an average of $6,053,443 on Friday. The average volume and value for the month to date amount to 759,584 units valued at $5,035,556 for each security changing hands compared to 774,392 units valued at $4,906,404 for each security traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows eleven stocks ending with bids higher than their last selling prices and six stocks closing with lower offers. The PE ratio of the market ended at 15.7, while the Main Market ended at 14.8 times the 2019 earnings.
In the prime market, Barita Investments declined by $2.02 to $54.50 after trading 90,979 shares, Berger Paints closed $2 lower at $12, in transferring 1,929 units, Caribbean Cement dropped $4 swapping 67,350 shares to end at $50. First Rock gained 98 cents to settle at $11, with 32,954 stock units changing hands, Grace Kennedy slid to a 52 weeks’ low of $55.60, with a loss of $4.30 exchanging 70,534 shares, Jamaica Broilers lost $4 to finish at $27, after trading 9,508 units. Jamaica Producers closed $2 lower at a 52 weeks’ low of $18, in transferring 22,534 stock units, Jamaica Stock Exchange gained $2 to finish at $23.50, in trading 41,437 shares, JMMB Group shed $1 to end at $37, in swapping 102,419 shares. Kingston Wharves lost 50 cents exchanging 16,336 units and closed at $45, Mayberry Jamaican Equities fell 47 cents to a 52 weeks’ low of $7.94, with 42,615 shares changing hands, NCB Financial shed $3 to close at $165, in transferring 616,360 shares. 138 Student Living ended at $6.70, with gains of 70 cents trading 300 units, PanJam Investment jumped $10 to $95, after exchanging 9,003 shares, but closed with the offer down at $86.79, Proven Investments closed 99 cents higher to $40.99, in swapping 3,291 units. 
Pulse Investments gained 45 cents to finish at a record close of $3.35 in trading 424,119 stock units, Sagicor Group tumbled $10 to $43.01, in transferring 59,515 shares, Sagicor Real Estate Fund closed 50 cents lower at a 52 weeks’ low of $6.50, with 2,300 stock units changing hands. Sygnus Credit Investments lost 49 cents to end at $18, in swapping 30,024 shares, Victoria Mutual Investments closed at $7.06, with a loss of 63 cents after trading 171,283 units and Wisynco Group declined to $17, after falling $1 with 4,600,987 shares crossing the exchange.
Trading in the US dollar market ended with 159,738 units valued at over US$25,035. The market lost 0.38 points to close at 210.48. First Rock lost 1 cent trading 7,841 units to end at 9 US cents, Margaritaville lost 9 cents to close at 20 US cents, in exchanging 3,316 units, Proven Investments transferred 21,441 units at 28 US cents. Sterling Investments gained 0.3 of a cent after trading 4,335 shares to finish at 2.40 US cents and Sygnus Credit Investments shed 1cent to end at 14 US cents, with 122,705 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.
At the close, the JSE All Jamaican Composite Index declined by 1,576.07 points to close at 460,418.78, the JSE Market Index fell 1,540.81 points to 419,288.78 and the JSE Financial Index gained 0.26 points to 115.87.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and three securities closing with lower offers. The PE ratio of the market ended at 16.2, while the Main Market ended at 15.3 times the 2019 earnings.
Scotia Group dropped $2.40 to end at $51, after swapping 26,251 stock units, Seprod shed $2.05 trading 33,609 shares and closed at $41.95, Supreme Ventures closed at a 52 weeks’ low of $19, with a loss of 30 cents exchanging 77,295 shares. Sygnus Credit Investments closed at $18, after falling 91 cents with 187,246 units crossing the market, Victoria Mutual Investments closed 36 cents higher to $7.20, with 363,279 shares changing hands and Wisynco Group lost $1.50 to end at $16 after trading 1,072,786 stock units.
In the Main Market, Barita Investments gained 80 cents trading 59,211 shares and closed at $62.30, Berger Paints added $1 to end at $13, in transferring 1,800 units, Caribbean Cement shed $2.99 to settle at $55.01, in exchanging 66,781 shares, Eppley closed at $13.50, after losing $2.50 swapping 2,654 units. Eppley Caribbean Property Fund ended $2.30 lower to $37.70, with 45,951 shares changing hands, First Rock Capital added 41 cents to finish at $12, in transferring 41,882 shares, Jamaica Stock Exchange fell to $23.05, with a loss of 94 cents in exchanging 108,430 shares. Kingston Properties gained 34 cents trading 6,026,693 units and closed at $5.84, Mayberry Jamaican Equities lost 30 cents to close at $9.60, with 2,500 units changing hands, MPC Caribbean Clean Energy advanced $2.98 to $149.98, in trading 300 units. PanJam Investment ended the day at $87.80, with a loss of $1.20 after transferring 63,172 shares, Portland JSX Fund ended $1.50 higher to settle at $9, in swapping 5,408 units, Proven Investments gained $1 to finish at $39.50, after trading 18,556 stock units. Pulse Investments lost 60 cents to close at $9.40, with an exchange of 75,638 shares, Sagicor Group dropped $3 to end at $57, in transferring 209,650 shares. 
Scotia Group added $1.40 to end at $53.40, after swapping 1,495 units, Seprod gained $1 trading 493,572 stock units and closed at $44, Stanley Motta closed 35 cents higher to $5.20, with an exchange of 88,500 units, Supreme Ventures closed at $19.30, after losing $1.70 transferring 364,466 shares. Sygnus Credit Investments closed at $18.91, with a loss of $2.04 swapping 110,256 stock units, Victoria Mutual Investments ended 84 cents higher to settle at $6.84, with 446,117 shares changing hands and Wisynco Group gained 50 cents to end trading 501,131 shares at $17.50.
The market closed with 47 securities changing hands in the Main and US dollar markets with the prices of 13 stocks advancing, 27 declining and seven securities trading firm. The JSE Main Market activity ended with 43 securities accounting for 28,292,088 units valued at $246,450,479 in contrast to 28,587,236 units valued at $124,299,870 from 41 securities on Friday.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows seven stocks ending with bids higher than their last selling prices and four stocks closing with lower offers. The PE ratio of the market ended at 16.7, while the Main Market ended at 15.9 times the 2019 earnings.
Sagicor Real Estate Fund closed 93 cents lower at $8.80, with an exchange of 9,592,783 shares, Salada Foods settled at $29, with gains of 50 cents trading 1,857 units, Scotia Group climbed $2 to $52, in transferring 523,149 shares. Seprod gained $1 exchanging 63,730 shares to end at $43, Supreme Ventures rose $1.30 and closed at $21, after trading 40,678 stock units, Sygnus Credit Investments closed at $20.95, with gains of $2.80 swapping 72,927 units. Victoria Mutual Investments ended 80 cents lower to settle at $6, with 987,897 shares changing hands and Wisynco Group dropped $1.10 to $17 in transferring 493,670 stock units.
At the close, the JSE All Jamaican Composite Index advanced 3,121.11 points to close at 538,262.01, the JSE Market Index rose 2,814.17 points to 490,002.61 and the JSE Financial Index gained 0.67 points to 132.78.
Sagicor Group advanced $1.40 to $70.50 exchanging 36,185 units, Scotia Group gained 65 cents and ended at $54, in transferring 54,800 stock units. Seprod closed at $53, after climbing $3 with 40,018 shares changing hands, Supreme Ventures lost 99 cents to settle at $22.01, in swapping 92,596 stock units and Sygnus Credit Investments advanced by 95 cents to $26.95, with an exchange of 101,488 shares.
