The Main Market of the Jamaica Stock Exchange brushed aside two days of gains towards the end of last week, to close with the market index dropping over 2,000 points on Monday and ending with lower volume and value as the number of stocks gained, outnumbering losers, more than two to one.
At the close, the JSE All Jamaican Composite Index declined by 2,426.04 points to 413,307.03, the JSE Market Index dropped 2,201.27 points to 376,914.67 and the JSE Financial Index shed 0.97 points to 97.99. The PE ratio of the market ended at 14.7, while the Main Market ended at 15.1 times IC Insider.com projected 2020-21 earnings.
The market closed with 44 securities changing hands in the Main and US dollar markets with prices of 26 stocks advancing, 12 declining and seven securities trading firm. The JSE Main Market activity ended with 41 securities accounting for 16,453,963 units valued at $79,166,239, in contrast to 23,620,498 units valued at $191,546,437 from 41 securities on Friday.
Trans Jamaican Highway led trading with 5.6 million shares for 34 percent of total volume followed by Sagicor Select Manufacturing & Distribution Funds with 3.1 million units for 19 percent of the day’s trade and Wigton Windfarm with 2.1 million units for 12.8 percent market share. Other stocks trading more than one million units were Carreras with 1 million units and Sagicor Select Financial Fund with 1.6 million shares.
Securities trading on Monday, averaged 401,316 units at $1,930,884, in contrast to 576,109 units valued at an average of $4,671,864 on Friday. The average volume and value for the month to date amount to 409,048 units valued at $5,195,213 for each security changing hands, compared to 409,744 units with an average value of $5,519,274. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows fourteen stocks ending with bids higher than their last selling prices and six stocks closing with lower offers.
In the Main Market, Barita Investments gained 94 cents exchanging 9,828 units to end at $49.99, Caribbean Cement climbed $1.40 to $50.90, in transferring 10,956 units, Eppley added 30 cents to finish at $16.30, with 609 units changing hands. First Rock Capital traded 16,485 units at $15.75, after picking up 95 cents, Jamaica Broilers closed at $27, with gains of 50 cents in swapping 14,280 stock units, Jamaica Producers ended 90 cents higher at $21.95, exchanging of 651,216 shares. 
Jamaica Stock Exchange rose 50 cents after transferring 47,598 stock units to settle at $23, Kingston Wharves climbed $1.98 to $58.98, in trading 19,979 units, Mayberry Investments closed at $5.70, with gains of 38 cents and 8,103 units changing hands. MPC Caribbean Clean Energy advanced $1 to $170, after exchanging just four units, Palace Amusement closed $200 lower at $1,700, with 37 units crossing the exchange, PanJam Investment dropped $1 trading 12,304 units to finish at $74. Portland JSX traded 9,000 units at 7.90, after losing 53 cents, Proven Investments advanced by $1.28 to $35.98, with 39,763 stock units changing hands, Sagicor Group closed 30 cents higher at $46.50 trading 19,744 units. Salada Foods gained 51 cents transferring 150 units to settle at $26.51, Scotia Group lost $1 to end at $44, in swapping 73,374 shares and Wisynco Group shed 30 cents transferring 375,093 shares and closed at $17.50.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with 44 securities changing hands in the Main and US dollar markets with prices of 17 stocks advancing, 16 declining and 11 securities trading firm. The JSE Main Market activity ended with 41 securities accounting for 23,620,498 units valued at $191,546,437, in contrast to 10,464,179 units valued at $256,434,655 from 38 securities on Thursday.
Other stocks trading more than one million units are Carreras with 1.1 million units and Grace Kennedy with 1.6 million shares.
Caribbean Cement gained 30 cents swapping 38,277 stock units and closed at $49.50. Eppley Caribbean Property Fund ended at $40, with gains of 50 cents with 4,184 units changing hands, Jamaica Stock Exchange lost 52 cents and settled at $22.50, after trading 223,160 shares, MPC Caribbean Clean Energy declined by $1 to $169, with 550 units crossing the exchange. NCB Financial Group fell $1.59 to $142, having swapped 194,677 stock units, Proven Investments climbed $2.70 to $34.70, in transferring 41,066 shares, Sagicor Real Estate Fund closed $1 higher at $8 trading 206,150 shares. Scotia Group rose $1.80, exchanging 151,670 shares to end at $45 and Sygnus Credit Investments closed 45 cents higher at $17.45, after a swap of 6,818 units.
At the close, the JSE All Jamaican Composite Index climbed 2,590.28 points to 415,371.58, the JSE Market Index gained 2,375.74 points to 378,773.43 and the JSE Financial Index gained 1.09 points to 98.77. The PE ratio of the market ended at 14.6, with the Main Market ending at 14.9 times IC Insider.com projected 2020-21 earnings.
The average security trading on Thursday amounted to 275,373 units at $6,748,280, in contrast to 192,661 units valued at an average of $2,181,619 on Wednesday. The average volume and value for the month to date amount to 393,268 units valued at $5,612,672 for each security changing hands, compared to 405,183 units with an average of $5,483,471. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
Jamaica Producers lost 80 cents closing at $21.05, after swapping 113,603 units, Jamaica Stock Exchange fell 91 cents to $23.02, with an exchange of 7,261 units, Kingston Wharves closed rose $1.04 to $57, after 4,399 units changed hands. MPC Caribbean Clean Energy climbed $11 trading just one stock unit at $170, NCB Financial Group rose $3.59 to close at $143.59, with 258,736 shares crossing the exchange, Proven Investments declined by $1.65 to $32, in exchanging 64,206 stock units. Sagicor Real Estate Fund lost 75 cents and closed at $7, after transferring 155,396 shares, Scotia Group dropped $3.99 to finish at $43.20, after trading 421,231 shares and Seprod fell 60 cents to $53, in transferring 94,887 shares.
Trading levels jumped on as three securities changed hands, compared to four stocks trading on Wednesday as investors picked up 2.4 million of Proven Investments shares.
Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
138 Student Living closed at $6.01, after losing 59 cents trading 25,884 stock units. Palace Amusement gained $199 in swapping two stock units and closed at $1,900, Pan Jam Investment ended at $74.95, with gains of 95 cents after transferring 4,919 units, Proven Investments declined by $3.35 to end at $33.65, in exchanging 1,726 units. Sagicor Group added $1.50 to end at $46, with 64,238 stock units changing hands, Scotia Group shed 76 cents to finish at $47.19, after trading 52,931 stock units, Seprod fell by $1.19 to $53.60, in transferring 15,839 units and Sygnus Credit Investments ended the day at $16.80, with a loss of 64 cents in exchanging 12,826 units.
At the close of trading, the JSE All Jamaican Composite Index fell by 558.44 points to 415,364.32, the JSE Market Index shed 505.53 points to 378,739.47 and the JSE Financial Index gained 0.03 points to end at 99.04. The PE ratio of the market ended at 14.8, while the Main Market ended at 15.1 times 2020-21 earnings.
The average security trading on Thursday amounted to 242,868 units valued at $2,794,626, in contrast to 408,628 units valued at an average of $7,102,646 on Monday. The average volume and value for the month to date amount to 429,778 units valued at $5,919,987 for each security changing hands, compared to 454,239 units with an average value of $6,396,116. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
Mayberry Investments lost 40 cents to close at $5.50, with the transfer of 127,000 shares, NCB Financial Group advanced by $4.75 to $144.75, with 152,989 stock units changing hands, Palace Amusement ended $499 lower at $1,701 with 48 units crossing the exchange. Proven Investments added $1.60 trading 57,251 stock units and closed at $37, Sagicor Group gained 50 cents to end at $44.50, in transferring 19,054 units, Salada Foods dived $3.01 after exchanging 3,463 stock units to settle at $26. Scotia Group closed $1.87 higher at $47.95, with 712,104 shares crossing the market, Seprod advanced $1.23 to $54.79, with 124,459 shares changing hands and Supreme Ventures ended at $15.50, after gaining 54 cents in trading 85,516 stock units.
The market closed with the price of one declining and three remaining unchanged. Trading ended with 638,054 shares with a value of US$127,752 changing hands, in contrast to 1,287,024, shares with a value of US$713,238 on Monday.
The average security trading on Monday amounted to 408,628 units at $7,102,646, in contrast to 367,026 units valued at an average of $2,824,785 on Friday. The average volume and value for the month to date amount to 454,239 units valued at $6,396,116 for each security changing hands, compared to 462,352 units with an average of $6,245,434. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
MPC Caribbean Clean Energy dropped $6 to close at $159, with 600 units crossing the exchange, NCB Financial Group sustained a loss of $7 trading 989,511 shares to finish at $140. 138 Student Living lost 31 cents to settle at $6.60, with 106,049 shares changing hands, Palace Amusement jumped $500 to reach $2,200 after a mere eight units traded, PanJam Investment closed 75 cents lower to $74, in exchanging 12,670 units. Proven Investments advanced by $2.40 to $35.40 after transferring 28,462 units, Sagicor Group fell $1.50 to $44 trading 228,087 shares, Salada Foods shed 49 cents to end at $29.01, after swapping 3,400 units. Seprod declined $1.24 in transferring $147,046 shares and closed at $53.56 and Sygnus Credit Investments ended the day at $17.47, with gains of $1.47 trading 22,438 units.
Market activity resulted in six securities changing hands, similar to that on Friday. The market closed with the prices of four stocks rising, one declining and one remained unchanged. Trading ended with 1,287,024, shares with a value of US$713,238 changing hands, in contrast to 955,873 shares with a value of US$89,015 from the trading of six securities on Friday.