Market activity ended with the volume of shares trading climbing 23 percent, with a 22 percent lower value on Friday than Thursday to end the week with a decline for a second day on the Jamaica Stock Exchange Main Market as rising stocks failed to match those declining by a huge margin.
A total of 49 securities traded compared to 51 on Thursday, with nine rising, 28 declining and 12 left unchanged.
The All Jamaican Composite Index dropped 1,882.09 points to 452,937.27, the Main Index fell 1,574.98 points to 412,336.62 and the JSE Financial Index shed 0.18 points to close at 100.42.
The PE Ratio, a measure used in computing appropriate stock values, averages 15.6 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 15,882,164 shares trading for $73,938,627 versus 12,931,119 units at $94,458,438 on Thursday. Wigton Windfarm led trading with 41.6 percent of total volume for an exchange of 6.61 million shares, followed by Sagicor Select Manufacturing & Distribution Fund with 16.8 percent for 2.67 million units and Transjamaican Highway 10.5 percent with 1.67 million units changing hands.
Trading averages 324,126 units at $1,508,952, compared to 253,551 shares at $1,852,126 on Thursday and month to date, an average of 228,351 units at $1,395,224, compared to 184,149 units at $1,350,041 on Thursday. August closed with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and four stocks with lower offers.
At the close, Barita Investments fell $1.97 to $89, with 299,363 shares clearing the market, Berger Paints shed 93 cents to $12.71 in trading 29,889 stock units, Caribbean Cement slipped 24 cents to close at $106 with an exchange of 19,281 stocks, Eppley fell 80 cents to $40.50 with the swapping of 1,793 stock units. First Rock Capital rallied 24 cents to $12.85 in exchanging 1,854 units, GraceKennedy advanced $2 to $103 with the transfer of 39,930 shares, Guardian Holdings declined $4 to $595 with 5,982 units changing hands. Jamaica Broilers rose $1.06 to $33.10 in trading 3,785 stock units, JMMB Group shed 47 cents to close at $37.03 with 64,849 shares crossing the market. Key Insurance lost 36 cents to end at $4.03 in switching ownership of 300,731 units, Mayberry Jamaican Equities lost 49 cents to end at $8.50 in exchanging 51,567 shares, NCB Financial declined $1.30 to $128 in transferring 12,543 stocks. 138 Student Living shed 54 cents to finish at $4.55 with the swapping of 12,990 shares, PanJam Investment fell $1 to $63 in switching ownership of 4,673 stock units, Portland JSX popped 98 cents to $8 after exchanging 1,000 shares, Proven Investments dropped 54 cents to $33.06 with 49,528 stocks crossing the exchange. Pulse Investments shed 45 cents to end at $3.53 in switching ownership of 849,203 units, Radio Jamaica dipped 33 cents to $3.17 with an exchange of 680,251 units. 
Sagicor Group fell $1 to $55 with the swapping of 64,105 shares, Salada Foods lost 24 cents in closing at $7.01 after 49,882 stock units crossed the market, Seprod shed $1.50 to settle at $63.49 with 13,866 stocks changing hands, Supreme Ventures lost 28 cents to close at $17.77 in trading 23,689 shares and Wigton Windfarm lost 3 cents to close at a 52 weeks’ low of 50 cents, trading 6,607,371 stocks, as investors continue to desert the stock.
In the preference segment, Productive Business Solutions 9.75% preference share spiked $2 to $104 after exchanging 1,999 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The All Jamaican Composite Index declined 3,971.73 points to settle at 454,819.36, the Main Index fell 3,556.65 points to 413,911.60 and the JSE Financial Index shed 1.35 points to close at 100.60.
At the close, Caribbean Cement shed 96 cents in closing at $106.24 in an exchange of 7,444 units, Eppley Caribbean Property Fund declined $1.47 to $38.53 with 47,391 shares crossing the market, First Rock Capital fell $1.11 to $12.61 with 21,248 stocks changing hands. GraceKennedy dipped 50 cents to $101 with the swapping of 79,434 shares, Jamaica Broilers shed 96 cents to close at $32.04 after 305,900 units crossed the exchange, Jamaica Producers advanced $2.45 to $24.50 in transferring 5,955 stocks. JMMB Group lost 50 cents to end at $37.50, with the swapping of 112,533 shares, Kingston Wharves dipped 60 cents to $48 in exchanging 1,095 stock units. Margaritaville fell $1.95 to close at a 52 weeks’ low of $13.20, with an exchange of 634 stock units. Mayberry Investments lost 25 cents in ending at $5.75 and trading 44 stocks. MPC Caribbean Clean Energy dropped $5.50 to $120 in trading 555 shares, NCB Financial fell 70 cents to $129.30 in switching ownership of 205,686 stock units, 138 Student Living popped 59 cents to $5.09 in an exchange of 4,448 shares, Palace Amusement surged $101 to $1,100 with 2 units crossing the exchange. Proven Investments rose 57 cents to $33.60 in transferring 3,380 stocks, Pulse Investments rallied 43 cents to $3.98 with the swapping of 4,641,053 shares, Radio Jamaica lost 25 cents to end at $3.50 in switching ownership of 311,137 stocks.
Sagicor Group declined $1 to $56 in exchanging 24,877 shares, Salada Foods traded 201 shares and gained 20 cents to close at $7.25, Seprod shed $1.01 in ending at $64.99 after 21,342 stock units crossed the market and Sygnus Credit Investments lost 46 cents in closing at $16.44 in switching ownership of 70,957 stocks.
At the close, 22 securities traded compared to 20 on Monday, with six stocks rising, six declining and 10 remaining unchanged. The Composite Index fell 1.59 points to 1,430.24, the All T&T Index dipped 5.40 points to 1,929.51 and the Cross-Listed Index gained 0.35 points to settle at 125.58.
L.J. Williams B share remained at $1.35 while trading 700 stock units, National Flour Mills rose 1 cent to $1.81 after 4,676 units crossed the market, NCB Financial Group popped 2 cents to $8.25 in exchanging 110,667 shares. One Caribbean Media spiked 62 cents to $4.88 in an exchange of 1,000 stock, Point Lisas remained at $3.20 in trading 1,000 shares, Republic Financial Holdings dipped 1 cent to $135.45 with 8,198 stocks clearing the market. Scotiabank remained at $59.49 while exchanging 21 units, Trinidad & Tobago NGL declined 6 cents to $17.66 with the swapping of 5,979 stock units, Unilever Caribbean remained at $16.40 with an exchange of 737 stocks and West Indian Tobacco ended at $31.50 in exchanging 565 units.
At the close, Barita Investments fell $1.43 to $90.97 in switching ownership of 188,629 shares, Caribbean Cement rose $1.20 to $107.20 in exchanging 2,613 stocks, Caribbean Producers gained 29 cents to end at $4.64 with 16,300 shares crossing the exchange, Eppley Caribbean Property Fund dropped $6.75 to $40 in trading 8,108 stock units, GraceKennedy slipped 50 cents to $101.50 with a transfer of 38,713 stocks, Guardian Holdings spiked $9 to $599 with 892 units changing hands, Jamaica Broilers fell $1.45 to $33 with the swapping of 104,714 shares. Jamaica Producers declined $2.45 to $22.05 after 288,971 stocks cleared the market, Jamaica Stock Exchange shed 80 cents to close at $17.20 in transferring 3,410 stock units, Key Insurance popped 22 cents to $4.43 after exchanging 11,302 stocks. Mayberry Investments rallied 25 cents to $6 in exchanging 35,530 units, NCB Financial declined $2.99 to $130 in switching ownership of 5,487 shares, Palace Amusement dropped $135.99 to end at $999 with 152 stock units changing hands, Portland JSX shed 98 cents to $7.02 with the swapping of 23 stocks. 
Proven Investments fell 92 cents to $33.03 with 8,471 stock units crossing the market, Radio Jamaica rallied 25 cents to $3.75 in an exchange of 396,352 shares. Sagicor Group shed $1 in, ending at $57 after switching ownership of 10,741 stocks, Seprod popped $1.21 to $66 in trading 4,387 shares.
The All Jamaican Composite Index spiked 2,773.29 points to 459,842.64, the JSE Main Index climbed 2,670.20 points to 417,864.90 and the JSE Financial Index popped 0.59 points to close trading at 101.46.
Investor’s Choice bid-offer indicator reading has 17 stocks ending with bids higher than their last selling prices and two with lower offers.
PanJam Investment popped $2 to end at $64, with 4,216 stock units clearing the market, Pulse Investments rallied 26 cents to close at $3.60 after exchanging 435,638 units. Radio Jamaica dived 70 cents to $3.50 after exchanging 8,366,194 stock units, Sagicor Group rose $1.10 to end at $58 in trading 1,176,211 units, Scotia Group rallied 70 cents in closing at $39.50, with 4,106 stock units crossing the market. Seprod rose 79 cents to $64.79 in exchanging 2,978 shares and Sygnus Credit Investments popped 65 cents to $17 with the swapping of 203,098 units.
Trading averaged 305,774 units at $16,700,628, compared to 319,594 shares at $3,515,324 on Friday and month to date an average of 487,063 units at $8,855,423, in contrast to 497,417 units at $8,407,376 on Friday. July closed with an average of 322,932 units at $15,201,099.
Kingston Properties climbed $1.25 to $10.25 with 220 stock units traded, Kingston Wharves dropped $2 to $46.50 with an exchange of100,933 shares, Mayberry Investments advanced 39 cents to $6.14 with investors switching ownership of 2,636 units. Mayberry Jamaican Equities lost 25 cents to end at $9 with 24,756 stocks changing hands, NCB Financial Group climbed 90 cents to $132 with an exchange of 5,809,459 shares, Palace Amusement shed $5.01 to close at $1134.99 with 10 stocks traded.PanJam Investment dropped $1 to $62 with a transfer of 3,253 units, Scotia Group fell 65 cents to $38.80 with 29,179 stock units passing through the market, Seprod declined $3.99 to $64 with 10,001 stocks changing hands and Sygnus Credit Investments advanced $1.35 to $16.35 with 1,262,824 shares crossing the exchange after the company posted strong gains in full year’s profit.
At the close, 20 securities traded compared to 18 on Friday, with five rising, six declining, leaving nine unchanged. The Composite Index rose 0.87 points to close at 1,431.83, the All T&T Index popped 1.30 points to 1,934.91 and the Cross-Listed Index rose 0.06 points to settle at 125.23.
GraceKennedy shed 8 cents to close at $6.21 after 87,090 shares changed hands, Guardian Holdings advanced 25 cents to $32.95 in trading 3,577 units, Guardian Media remained at $3.03 after 100 stock units crossed the market. JMMB Group popped 1 cent to $2.16 in switching ownership of 870 stocks, Massy Holdings fell 99 cents at $82, with 2,931 shares changing hands, National Enterprises traded 10,599 units at $3.60. National Flour Mills remained at $1.80, with 1,320 units clearing the market, NCB Financial Group slipped 2 cents to $8.23 with an exchange of 532 stocks, One Caribbean Media shed 58 cents to end at $4.26 after an exchange of 100 stock units. Republic Financial Holdings popped 1 cent to $135.46, trading 381 shares, Scotiabank climbed 89 cents to $59.49 after trading 50,073 stocks, Trinidad & Tobago NGL remained at $17.72 after exchanging 1,011 stock units. Trinidad Cement ended at $3.90 while trading 5,666 units and West Indian Tobacco remained at $31.50, with 625 shares changing hands.
The charting of the Junior and Main Market indices shows early signs of the markets bouncing from the mild summer correction. We may be seeing early signs of a longer term rebound, with the Main and Junior Markets closing at the highest levels this week since July 23.
The top three stocks in the Junior Market are Elite Diagnostic, followed by General Accident and Lasco Financial. All three have the potential to gain between 217percent and 283 percent, compared to 227 and 268 percent last week. Stationery and Office Supplies closed the previous week at $5.75 to sit at number 2 in the Junior Market list enjoyed a bounce in price to $6.50 and moved down to the 8th spot this week.
The JSE Main Market ended the week with an overall PE of 15.6, a little distance from the 19 the market ended at in March, suggesting a 12 percent rise at a PE of 19 and 28 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.7, with a 50 percent discount to that market’s average PE, well off the potential of 20.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely increase for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. Revisions to earnings per share are ongoing, based on receipt of new information.
The Main Market All Jamaican Composite Index surged 4,560.86 points to 457,710.62, the highest daily close since July 23, while the JSE Main Index jumped 3,833.76 points to 415,715.09 and the JSE Financial Index inched 1.17 points to 101.13 as rising stocks beating declining ones nearly 2 to 1 on Friday, with the volume and value of shares trading, rising moderately over Thursday levels, at the close of the Jamaica Stock Exchange. 
Transjamaican Highway controlled 12.5 percent, with 1.96 million units and GraceKennedy with 7.4 percent after 1.16 million units changing hands.
Mayberry Investments shed 25 cents to $5.75 with a transfer of 5,620 units, NCB Financial Group fell 90 cents to $131.10, with the swapping of 31,524 stock units, Palace Amusement rallied $15 to $1,140 in switching ownership of 71 shares. PanJam Investment rose $1 to $63 in trading 1,550 units, Sagicor Group popped 49 cents to $56.99 with 62,270 shares clearing the market, Seprod spiked $5.98 to $67.99 after exchanging 6,959 stocks and Victoria Mutual Investments climbed 23 cents to $5.53 with 45,965 stock units crossing the market.
At the close, 18 securities traded, down from 20 on Thursday, with six stocks rising, five declining and seven remaining unchanged. The Composite Index rallied 5.49 points to settle at 1,430.96, the All T&T Index spiked 6.41 points to 1,933.61 and the Cross-Listed Index added 0.63 points to settle at 125.17.
Guardian Holdings shed 25 cents to $32.70 with the swapping of 2,090 units, JMMB Group dipped 1 cent to $2.15, trading 1,970 shares, Massy Holdings jumped $1.84 to $82.99 in exchanging 9 shares. National Enterprises remained at $3.60, 35 stock units crossing the market, National Flour Mills ended at $1.80, with 101,875 units clearing the market, NCB Financial Group rallied 26 cents to $8.25 after exchanging 25 stocks. Point Lisas closed at $3.20 after 20 stocks crossed the market, Republic Financial Holdings fell 3 cents to $135.45 in trading 2,390 stock units, Scotiabank traded 3,850 shares at $58.60. Trinidad & Tobago NGL dipped 1 cent to $17.72 with an exchange of 7,536 units, Trinidad Cement closed at $3.90 after exchanging 270 shares and West Indian Tobacco traded 3,208 stock units at $31.50.