The Jamaica Stock Exchange Main Market ended trading on Thursday with the market rising after fewer stocks rose as investors exchanged 56 percent fewer shares, with a 59 percent higher value than on Wednesday.
At the close, the All Jamaican Composite Index climbed 1,205.29 points to 407,251.72, the Main Index advanced by 1,208.99 points to 371,716.48 and the JSE Financial Index gained 0.27 points to settle at 97.07.
Trading ended with 46 securities changing hands compared to 43 on Wednesday and closed with the prices of 14 stocks rising, 21 declining and 11 remaining unchanged. The average PE Ratio of the market ended at 15.7 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 13,141,814 shares for $242,747,146 compared to 30,185,670 units at $152,750,024 on Wednesday. Wigton Windfarm led trading with 26.9 percent of total volume in accounting for 3.53 million shares, followed by Barita Investments with 18.9 percent of the day’s trade for 2.48 million units, Transjamaican Highway with 18.5 percent market share or 2.43 million units and Pulse Investments, with 18 percent closing with 2.35 million units changing hands.
Trading ended with an average of 285,692 units changing hands at $5,277,112 for each security compared to an average of 701,992 shares at $3,552,326 on Wednesday. The average trade for the month to date ended at 248,972 units at $1,760,892 for each security, in contrast to 246,626 units at $1,536,244. Trading month to date compares adversely to August’s average of 497,441 units at $3,201,918.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows seven stocks ending with bids higher than their last selling prices and one with lower offers.
At the close of the market, Barita Investments climbed $9.08 to $78 in exchanging 2,484,848 shares, Caribbean Cement fell $1.49 to settle at $45.50, with 3,179 stock units changing hands. Eppley Caribbean Property Fund climbed $5.45 to $50.45, in exchanging a mere 10 stock units, First Rock Capital gained 30 cents in closing at $13.30, after trading 333 shares. Jamaica Producers Group shed 50 cents to end at $20, with an exchange of 5,061 stock units, Jamaica Stock Exchange closed at $18.50, with a loss of 43 cents after 3,588 units crossed the market, 
Key Insurance rose 65 cents and ended at $8.25 with 4,880 stock units clearing the market. Mayberry Jamaican Equities carved out a gain of 90 cents to finish at $8.50, in trading 60,235 shares, NCB Financial Group fell $1.30 to $133, with 65,074 shares changing hands, 138 Student Living rose 35 cents to $4.85 trading 40 units, Palace Amusement declined by $224 to close at $1,300, after transferring ten stock units. PanJam Investment dropped $4.98 to $66, in trading 41,025 shares, Portland JSX lost 60 cents to settle at $8 trading a mere two units, Scotia Group rose $1.76 to end at $48.76, with 60,819 shares passing through the market and Seprod shed 74 cents to close at $55.25, in trading 19,961 shares.
In the preference segment of the market, Community & Workers Credit Union lost 33 cents to close at $1.65 and 25,678 shares passing through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading picks up for JSE Main Market
Trading climbed on Wednesday in Jamaica Stock Exchange Main Market activity, with 166 percent more shares changing hands valued 173 percent higher than Tuesday but the major market indices slipping even as nearly two times more stocks rose than fell.
At the close, the All Jamaican Composite Index fell by 614.80 points to 406,046.43, the Main Index shed 882.30 points to 370,507.49 and the JSE Financial Index lost 0.11 points to settle at 96.80.
Trading ended with 43 securities changing hands compared to 46 on Tuesday and closed with the prices of 17 stocks rising, nine declining and 17 remaining unchanged. The average PE Ratio of the market ended at 15.5 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 30,185,670 shares for $152,750,024 compared to 11,345,597 units at $56,024,809 on Tuesday.
Wigton Windfarm led trading with 61 percent of total volume as 18.4 million shares changed hands followed by Sagicor Real Estate Fund with 11.6 percent or 3.5 million units of the day’s trade. Pulse Investments with 2.4 million units for 8 percent market share, Sagicor Select Financial Fund with 4.7 percent of the overall volume from trading in 1.4 million units and Barita Investments accounted for 3.7 percent of the day’s volume resulting from the trading of 1.1 million units.
Trading ended with an average of 701,992 units changing hands at $3,552,326 for each security, in comparison to an average of 246,643 shares at $1,217,931 on Tuesday. The average trade for the month to date ended at 246,626 units at $1,536,244 for each security, in contrast to 217,703 units at $1,408,192. Trading month to date compares adversely to August’s average of 497,442 units at $3,201,935.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows five stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, Barita Investments climbed $8.92 to $68.92, in exchanging 1,102,321 shares, Caribbean Cement rose $1.98 in closing at $46.99 after trading 10,370 stock units, Eppley Caribbean Property Fund dropped $12 to end at $45, with 7,011 units changing hands. Jamaica Broilers Group rose $1 in closing at $26 after exchanging 2,400 units, Jamaica Stock Exchange gained 91 cents to close at $18.93, with 516 units traded, 
Key Insurance shed 79 cents to end at $7.60 in exchanging 21,120 stock units. Kingston Wharves gained 40 cents to finish at $50, with 61,064 shares passing through the market, Mayberry Jamaican Equities fell to $7.60, with a loss of 76 cents after exchanging 400 units, NCB Financial Group gained 30 cents to end at $134.30, with 24,555 stock units crossing the exchange. Palace Amusement advanced by $29 to $1,524 trading 35 units, PanJam Investment rose 98 cents to $70.98, with 1,408 units changing hands, Proven Investments gained 50 cents to settle at $38, in trading 61,098 shares. Pulse Investments ended at $5.05, with gains of 40 cents after exchanging 2,405,028 shares, Scotia Group fell $2 to $47, with investors transferring 23,968 stock units and Sygnus Credit Investments gained 30 cents ending at $17.60, after exchanging 56,530 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market highest close in a month
The Jamaica Stock Exchange Main Market ended trading on Tuesday with the market rising to its highest level since August 24 after more stocks rose than declined after investors exchanged 50 percent more shares at twice the value as on Monday.
At the close, the All Jamaican Composite Index rose 4,683.43 points to settle at 406,661.23, the Main Index gained 4,221.57 points to settle at 371,389.79 and the JSE Financial Index inched 0.62 points higher to settle at 96.91.
Trading ended with 46 securities changing hands compared to 41 on Monday and ended with the prices of 24 stocks rising, the prices of 13 declining and nine remaining unchanged. The average PE Ratio of the market ended at 16 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 11,345,597 shares for just $56,024,809 compared to 7,551,575 units at $27,498,792 on Monday.
Pulse Investments led trading with 47.3 percent of total volume after 5.37 million shares changed hands, followed by Transjamaican Highway with 20.3 percent for 2.3 million units and Wigton Windfarm with 18.8 percent amounting to 2.13 million stock units.
Trading ended with an average of 246,643 units changing hands at $1,217,931 for each security compared to an average of 184,185 shares at $670,702 on Monday. The average trade for the month to date ended at 215,025 units at $1,403,085 for each security, in contrast to 212,720 units at $1,416,583. Trading month to date compares adversely to August with an average of 497,441 units at $3,201,918.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows eight stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of the market, Barita Investments climbed 40 cents to end at $60 after exchanging 10,563 shares, Eppley shed $1 to end at $24 after trading 40,714 stock units. Eppley Caribbean Property Fund dropped 48 cents to settle at $57, with 1,033 shares crossing the exchange, First Rock Capital climbed 55 cents to close at $13 and trading 8,598 units, Jamaica Broilers Group dropped $1 to close at $25 after exchanging 5,784 stock units. Kingston Properties advanced $1.20 in ending at $7.50 with investors swapping 179 stocks, Kingston Wharves advanced 60 cents to settle at $49.60, with 420 shares passed through the market, Mayberry Investments advanced 39 cents to settle at $5.49 after 95 units changed hands. MPC Caribbean Clean Energy gained $5 to end at $155 in trading 64 shares, 
NCB Financial Group carved out a loss $1 to end at $134 in an exchange of 22,133 shares, 138 Student Living declined by 38 cents in ending at $4.50 and exchanging 101 stocks. Portland JSX climbed $1.58 to $8.60, with just 69 stock units crossing the market, Proven Investments increased 40 cents to close at $37.50 after 4,999 units passed through the market, Pulse Investments rose 45 cents in ending at $4.65 as 5,368,622 stocks crossed the exchange. Sagicor Group carved out 35 cents rise to close at $44.50, with 23,149 units changing hands, Scotia Group gained $2.99 to end at $49 finished trading 679 shares, Seprod climbed 95 cents in closing at $55.95 and trading 19,699 units. Stanley Motta increased 51 cents to end at $5.13, with 109 stocks changing hands, Supreme Ventures gained 44 cents in closing at $13.99 in exchanging 88,979 shares and Sygnus Credit Investments declined by $1.20 to $17.30 and crossing the exchange with 11,240 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market stocks dive
The Jamaica Stock Exchange Main Market ended trading on Monday with the market declining as more stocks fell than rose after investors exchanged 38 percent fewer shares than on Friday and the value of the shares traded down 87 percent.
At the close, the All Jamaican Composite Index fell by 1,321.77 points to 401,977.80, the Main Index dropped 1,224.08 points to 367,168.22 and the JSE Financial Index lost 0.70 points to settle at 96.29.
Trading ended with 41 securities changing hands compared to 39 on Friday and closed with the prices of 13 stocks rising, 18 declining and 10 remaining unchanged. The average PE Ratio of the market ended at 15.6 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 7,551,575 shares for $27,498,792 compared to 12,180,541 units at $217,796,102 on Friday. Transjamaican Highway led trading with 51.5 percent of total volume, as 3.89 million shares changed hands, followed by Wigton Windfarm with 16 percent and 1.21 million units and Pulse Investments with 15.3 percent or 1.16 million shares.
Trading ended with an average of 184,185 units changing hands at $670,702 for each security, compared to an average of 312,322 shares at $5,584,515 on Friday. 
The average trade for the month to date ended at 215,594 units at $1,422,062 for each security, in contrast to 217,776 units at $1,474,275. Trading month to date compares adversely to, August with an average of 497,441 units at $3,201,918.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows eight stocks with bids higher than their last selling prices and five with lower offers.
At the close of the market, Barita Investments rose 60 cents to $59.60, with 3,098 shares passing through the market, Caribbean Cement fell $4.05 to end at $45.10, in exchanging 23,510 stock units, Eppley climbed $1 in closing at a 52 weeks’ high of $25, with investors swapping just one stock unit. First Rock Capital shed 55 cents to close at $12.45 trading 610 shares, Grace Kennedy rose 99 cents to settle at $57.99, with an exchange of 16,327 stocks. Jamaica Producers Group gained 50 cents to close at $20.50, in trading 1,017 units, Jamaica Stock Exchange shed 75 cents, finishing at $18 after exchanging 92,507 shares, 
JMMB Group closed at $29.06, with a loss of 54 cents after transferring 28,790 shares. Kingston Wharves advanced $3 to $49, with investors swapping 111 units, MPC Caribbean Clean Energy declined by $5 to end at $150, after 100 units crossed the exchange, NCB Financial Group climbed $3 to $135, with 8,944 stock units crossing the market. Proven Investments lost $1.40 in trading 7,846 stock units at $37.10, Scotia Group declined by $3.99 to $46.01, after exchanging 97,651 shares, Supreme Ventures fell 45 cents to $13.55 trading 14,448 stock units. Sygnus Credit Investments gained 99 cents in ending at $18.50, with 11,502 stock units clearing the market and Wisynco Group shed 50 cents to close at $16, in exchanging 54,955 shares.
In the preference segment of the Main Market, Eppley 8.75% preference share climbed $1.12 to close at a 52 weeks’ high of $8.59 in an exchange of 115 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Another quiet week for IC TOP 10
For a second consecutive week, there were no changes in the companies on the IC TOP 10 listings, with the markets going sideways and little or no significant price moving news.
Barita public stock offer pulled money away from other JSE stocks.
The Jamaica Stock Exchange market activity was negatively affected by funds diverted away from the as investors moved money into the successful Barita Investments issue of new shares. The Issue closed on Wednesday gone and was upsized to $13.5 billion, resulting in a more than doubling of the issued shares from $10.88 billion to $24.38 billion and the overall equity capital to $28.74 billion.
The past week that saw the local market trading in a narrow range, with the Junior Market closing slightly down for the week after ending the previous week at the highest point since August 28 and the Main Market had the highest weekly close since the end of August.
The top three stocks in each market saw no change in ranking, leaving the top three Junior Market stocks, with the potential to gain between 292 to 695 percent by March 2021. Caribbean Producers heads the list, followed by Lasco Financial and Elite Diagnostic. 
The focus on all three is on the 2021 fiscal year results projected to show recovery from the 2020 financial year final numbers. The top three Main Market stocks, with expected gains of 204 to 228 percent, are Radio Jamaica, followed by Berger Paints, with the price rising 7 percent during the week and JMMB Group.
This week’s focus – Tropical Battery issue for 325 million ordinary shares at $1 each of with up to 187.5 million units reserved for priority applications, opens Tuesday, September 22, with the scheduled closing of September 30, subject to the right of the Company to close it earlier. With earnings per share around 7.7 cents, the stock is priced around a PE ratio of 13 times 2020 earnings, leaving little or no room for short term gains as it is priced 19 percent above the market average.
The targeted average PE ratio of the market is 20 based on the profits of companies reporting full year’s results, from now to the second quarter in 2021. Both the Junior and Main markets are currently trading well below this level, indicating the potential gains ahead. The JSE Main Market ended the week, with an overall PE of 15.3 and the Junior Market 11, based on IC Insider.com’s projected 2020-21 earnings. The average PE ratio of the Junior Market has been slowly rising, with better profit opportunities than the Main Market and narrowing the gap. The PE ratio for the Junior Market Top 10 stocks average a mere six at just 55 percent to the average of the overall Junior Market. The Main Market TOP 10 stocks trade at a PE of 8.2 or 54 percent of the PE of the overall market.
The average projected gain for the Junior Market IC TOP 10 stocks is 280 percent, and 151 percent for the JSE Main Market, based on 2020-21 earnings, indicates potentially more significant gains in the Junior Market than in the Main Market.
IC TOP 10 stocks are likely to deliver the best returns up to March 2021 and ranked in order of potential gains, based on possible gain 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 will result in movements of the selection in and out of the lists for most weeks. Revisions to earnings per share are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
JSE Main Market ends week with gains
The Jamaica Stock Exchange Main Market ended trading on Friday, with the market rising after an almost equal number of stocks rising and falling after an exchange of 95 percent more shares and 437 percent more value than on Thursday.
At the close, the All Jamaican Composite Index carved out a gain of 2,653.46 points to 403,299.57, the Main Index increased 2,608.75 points to 368,392.30 and the JSE Financial Index gained 1.17 points to settle at 96.99.
Trading ended with 39 securities changing hands compared to 43 on Thursday and closed with the prices of 15 stocks rising, 16 declining and eight remaining unchanged. The average PE Ratio of the market ended at 15.6 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 12,180,541 shares for $217,796,102 compared to 6,254,690 units at $40,537,477 on Thursday. Kingston Wharves led trading with 32.9 percent of total volume equaling 4 million shares, followed by Pulse Investments with 21.2 percent for 2.58 million units, Wigton Windfarm with 16.1 percent market share for 1.96 million units and Transjamaican Highway with 1.86 million units changing hands for 15.3 percent of the day’s volume.
Trading closed with an average of 312,322 units changing hands at $5,584,515 for each security compared to an average of 145,458 shares at $942,732 on Thursday. The average trade for the month to date ended at 217,776 units at $1,474,275 for each security, in contrast to 211.084 units at $1,183,350. Trading month to date compares adversely to August’s average of 497,441 units at $3,201,918.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows eight stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of the market, Barita Investments shed 99 cents to end at $59, with investors swapping 13,701 shares, Caribbean Cement climbed $1.65 to $49.15, after exchanging 313 units, Eppley Caribbean Property Fund jumped $5.48 to settle at an all-time high of $57.48, in an exchange of 156 stock units. First Rock Capital closed at $13, after picking up 55 cents and trading 6,461 stocks, Jamaica Broilers Group gained 50 cents to settle at $26, with 13,590 stock units clearing the market, JMMB Group rose 58 cents to $29.60, in trading 4,656 stock units. 
Key Insurance climbed 75 cents to $8.48 after exchanging 73,209 shares. Kingston Wharves declined $4 in closing at $46, after an exchange of 4,004,829 shares, Mayberry Investments lost 43 cents to finish at $5.17, with 16,500 stock units passing through the market, NCB Financial Group fell to $132, after losing $1 and trading 42,183 stock units. 138 Student Living gained 49 cents to close at $5, with an exchange of 30 shares, Palace Amusement dropped $125 to end at $1,495 in an exchange of 13 units, Proven Investments lost 64 cents to settle at $38.50, in transferring 1,631 units, Sagicor Group lost 40 cents to close at $44.30, with investors swapping 35,333 shares. Scotia Group advanced by $3.75, ending at $50 while exchanging 47,493 shares, Seprod lost 89 cents to close at $55, with investors switching ownership of 2,229 stock units and Wisynco Group rose $1.34, in ending at $16.50, with 25,039 stock units changing hands.
In the preference segment of the market, Community & Workers Credit Union gained 43 cents to end at $1.98 in trading just five units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market closes higher Thursday
The Jamaica Stock Exchange Main Market ended trading on Thursday with the market rising after slightly more stocks rose than declined after an exchange of 30 percent fewer shares than on Wednesday.
At the close, the All Jamaican Composite Index gained 1,124.89 points to 400,646.11; the Main Index increased 1,078.27 points to 365,783.55 and the JSE Financial Index shed 0.37 points to settle at 95.82.
Trading ended with 43 securities changing hands compared to 44 on Wednesday and closed with the prices of 18 stocks rising,16 declining and nine remaining unchanged. The average PE Ratio of the market ended at 15.3 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 6,254,690 shares for $40,537,477 compared to 8,881,013 units at $39,150,303 on Wednesday.
On another day of low volume passing through the market, Pulse Investments carved out 32.7 percent of total volume, with 2.05 million shares, followed by Transjamaican Highway for 15.3 percent, with 957,355 units and Wisynco Group, with 12.9 percent, amounting to 808,615 shares.
Trading ended with an average of 145,458 units changing hands at $942,732 for each security compared to an average of 201,841 shares at $889,780 on Wednesday. 
The average trade for the month to date ended at 211,084 units at $1,183,350 for each security, in contrast to 216,639 units at $1,203,718. Trading month to date compares adversely to August’s 497,441 units at $3,201,918.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows 13 stocks ending with bids higher than their last selling prices and five with lower offers.
At the close of the market, 138 Student Living shed 49 cents to close at $4.51 in trading 41 shares, Barita Investments advanced $1.49 to $59.99, with 2,150 units passing through the market, Berger Paints gained 85 cents to close at $12.70, in trading 19,402 stock units. Caribbean Cement climbed $3.90 to $47.50, exchanging 6,446 units, Eppley closed at $24, with a loss of 85 cents 1,900 units. Eppley Caribbean Property Fund rose $2 in closing at a record high of $52, transferring 10,028 shares, 
First Rock Capital fell 75 cents to $12.45, with the swapping of 8,821 stock units, Jamaica Broilers gained 60 cents to end at $25.50 trading 7,334 units. Jamaica Stock Exchange gained 60 cents to finish at $19, exchanging 5,121 units, Palace Amusement dropped $80 to close at $1,620, with investors switching ownership of just seven stock units, Proven Investments advanced $2.97 to $39.14 and clearing the market with 6,561 units. Salada Foods climbed $2.98 to $27.99, in an exchange of 56 stock units, Scotia Group declined $1.25 to settle at $46.25, with 101,459 shares changing hands and Wisynco Group dropped $1.19 to end at $15.16 trading 808,615 shares.
In the preference segment of the market, Community & Workers Credit Union lost 44 cents, ending at an all-time low of $1.55 with an exchange of 43,209 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main market in a struggle
The Jamaica Stock Exchange Main Market ended trading on Wednesday with the market declining after four stocks fell for three rising after an exchange of 78 percent more shares than on Tuesday, with similar values.
At the close, the All Jamaican Composite Index declined by 3,653.98 points to 399,521.22. The Main Index fell by 3,312.47 points to 364,705.28, the JSE Financial Index shed 1.02 points to settle at 96.19.
Trading ended with 44 securities changing hands compared to 42 on Tuesday and closed with the prices of 15 stocks rising, 20 declining and nine remaining unchanged. The average PE Ratio of the market ended at 15.2 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 8,881,013 shares for $39,150,303 compared to 4,987,272 units at $39,141,028 on Tuesday. Transjamaican Highway led trading with 32.2 percent of total volume for 2.86 million shares, followed by Sagicor Select Financial Fund with 23.1 percent and 2.05 million units and Wigton Windfarm with 17.5 percent and 1.55 million shares.
Trading ended with an average of 201,841 units changing hands at $889,780 for each security compared to an average of 118,745 shares at $931,929 on Tuesday. The average trade for the month to date ended at 216,639
units at $1,203,718 for each security, in contrast to 218,043 units at $1,233,488. Trading month to date compares adversely to August’s average of 497,441 units at $3,201,918.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows seven stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Barita Investments gained $1.50 and closed at $58.50, with an exchange of 16,714 shares, Berger Paints gained 83 cents in ending at $11.85 with investors swapping 6,605 units, Caribbean Cement declined by $4.49 to settle at $43.60,
in trading 2,189 stock units. Eppley rose 85 cents to end at $24.85, in exchanging 100 units, Eppley Caribbean Property Fund climbed 50 cents to $50, with 530 units crossing the market, Grace Kennedy rose $1.20 in closing at $57 and trading 28,405 shares. Jamaica Broilers settled at $24.90, after gaining 30 cents in the transfer of 3,416 units, Jamaica Stock Exchange closed 75 cents higher at $18.40, with 4,068 stock units traded, 
Kingston Properties shed $1.10 to settle at $6.30 with investors swapping 50 units. Kingston Wharves jumped $6.90 to settle at $49.90 after 350 units crossed the market, MPC Caribbean Clean Energy dropped $8 to $155, in an exchange of 321 units, Portland JSX lost 48 cents in closing at $7.02 and trading 2,400 stock units. Proven Investments fell $1.82 to $36.17, with investors swapping 3,366 stock units, Salada Foods declined by $3.74 to $25.01, with an exchange of 6,979 stock units, Scotia Group shed 50 cents to settle at $47.50, in transferring 117,147 shares. Seprod rose to $55.89, after climbing $1.89 and exchanging 22,839 shares, Supreme Ventures gained 65 cents to close at $14, trading 24,670 shares and Sygnus Credit Investments rose 47 cents to $17.97, with 26,303 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE majors in late session fall
The Jamaica Stock Exchange Main Market ended trading on Tuesday with the market declining after more stocks fell, with an exchange of 32 percent fewer shares than on Monday with the value plummeting 48 percent.
Ciboney traded at a new 52 weeks’ high of 17 cents.
At the close, the All Jamaican Composite Index declined by 697.39 points to 403,175.20, after it posted gains for most of the day. The Main Index fell by 631.70 points to 368,017.75, but the JSE Financial Index inched 0.06 points higher to settle at 97.21.
The market closed on Tuesday with the same number of stocks changing hands on Monday, with 42 securities and closed with the prices of 13 stocks rising, 24 declining and five remaining unchanged as Ciboney closed at a 52 weeks’ high at 17 cents. The average PE Ratio of the market ended at 15.3 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with 4,987,272 shares trading for $39,141,028 compared to 7,365,263 units at $74,596,143 on Monday. Wigton Windfarm led trading with 42.4 percent of total volume, with 2.11 million shares followed by Transjamaican Highway with 10.6 percent or 528,278 units and Jamaica Stock Exchange with 8 percent and 398,445 units.
Trading ended with an average of 118,745 units at $931,929 for each security, in comparison to an average of 175,363 shares at $1,776,099 on Monday. The average trade for the month to date ended at 218,043 units at $1,233,488 for each security, in contrast to 227,925 units at $1,263,501. Trading month to date compares adversely to August’s average of 497,441 units at $3,201,918.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows eight stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of the market, Barita Investments lost 50 cents in closing at $57, finishing with 2,363 units changing hands ahead of the closing day for their Additional Public offer. Caribbean Cement fell to $48.09, with a loss of $1.30 after exchanging 1,727 units, Eppley shed 95 cents to settle at $24, with investors switching ownership of 5,589 stock units. 
Grace Kennedy dropped $1.12 to end at $55.80 after 57,594 shares crossed the market, Jamaica Producers slid 90 cents to $20 trading 15,823 stock units, Jamaica Stock Exchange dropped $2.34, to $17.65 with an exchange of 398,445 shares. Kingston Wharves tumbled to $43, after losing $4.50 with 22,458 stock units changing hands, NCB Financial closed at $133.02, declining by $1.98 after investors swapped 15,856 stock units, Palace Amusement climbed a further $110 after surging by $290 on Monday, to close at $1,700 in exchange for 201 units. Portland JSX shed $1 to close at $7.50 with investors switching ownership of 95,828 shares, Proven Investments climbed $1.49 to $37.99, trading 2,303 units, Scotia Group fell to $48, shedding $2.99 with 79,136 shares crossing the exchange and Seprod declined by $1.50 to settle at $54 trading 11,908 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for JSE main Market
The Jamaica Stock Exchange Main Market ended trading on Monday with the market rising after fewer stocks fell after investors exchanged 71 percent fewer shares than on Friday but with a value that was 44 percent higher.
At the close, the All Jamaican Composite Index advanced by 1,234.87 points to 403,872.59, the Main Index rose 1,122.68 points to 368,649.45 and the JSE Financial Index gained 0.01 point to close at 97.15.
Trading ended with 42 securities changing hands compared to 43 on Friday and closed with the prices of 18 stocks rising, 15 declining and nine remaining unchanged. The average PE Ratio of the market ended at 15.6 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 7,365,263 shares for $74,596,143 compared to 25,606,369 units at $51,769,010 on Friday.
Transjamaican Highway led trading with 32.7 percent of the day’s volume or 2.41 million shares followed by Wisynco Group with 18.9 percent or 1.39 million units and Wigton Windfarm with 9 percent accounting for 666,451 shares.
Trading ended with an average of 175,363 units changing hands at $1,776,099 for each security, in comparison to an average of 595,497 shares at $1,203,930 on Friday. The average trade for the month to date ended at 227,925 units at $1,263,501 for each security, in contrast to 233,735 units at $1,206,85. 
Trading month to date compares adversely to August with an average of 497,441 units at $3,201,918.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows 8 stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of the market, Berger Paints shed 85 cents, ending at $11 in exchanging 3,698 shares, Caribbean Cement gained 49 cents to close at $49.39 trading 2,230 stock units, Eppley finished at a record closing high of $24.95, with gains of 45 cents after investors swapped 688 units. Eppley Caribbean Property Fund lost 43 cents to end at $49.56, with 2,900 stock units changing hands, First Rock Capital advanced by $1.50 to settle at $13.50, in transferring 4,160 shares, Jamaica Stock Exchange rose $1.22 to $19.99, after exchanging 150 units. JMMB Group shed 44 cents trading 645,107 shares and closed at $29.06, 
Key Insurance lost 55 cents to end at $7.95 exchanging 31,426 shares. Kingston Wharves closed at $47.50, with gains of 50 cents and 101 units crossing the exchange, Mayberry Investments gained 47 cents in ending at $5.60 and trading 884 units, Mayberry Jamaican Equities settled at $8.49, after picking up 97 cents, with 250 units clearing the market. Palace Amusement surged $290 to end at $1,590, with an exchange of 88 units, after the company announced the opening of a drive-in cinema in New Kingston. Salada Foods jumped $3.75 to $28.75, with investors switching ownership of 6,979 stock units, Scotia Group gained 49 cents to end at $50.99 as investors traded 61,286 shares and Supreme Ventures shed 40 cents to end at $13.60, in trading 66,059 shares.
In the preference segment of the market, JMMB Group 7.25% finished at $1.20, with a loss of 33 cents transferring 119,522 shares,
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
