Grace Kennedy ended at a 52 weeks’ closing high.
The Main Market on the Jamaica Stock Exchange posted modest gains at the close on Thursday even as declining stocks doubled advancing ones but with Grace Kennedy and Victoria Mutual investments hitting record highs.
At the close, the JSE All Jamaican Composite Index advanced 478.62 points to close at 546,009.63, the JSE Market Index gained 402.72 points to end at 497,269.11 while the JSE Financial Index rose 0.23 points to 133.40.
The market closed with 47 securities changing hands in the Main and US dollar markets with prices of 11 advancing, 22 declining and 14 remaining unchanged. The JSE Main Market activity ended with 42 securities accounting 22,654,582 units valued at $171,374,765 in contrast to 30,283,990 units valued at $380,332,800 from 39 securities on Wednesday.
Sagicor Select Financial Fund dominated trading with 9.1 million shares for 40 percent of total volume, followed by Wigton Windfarm with 6.6 million units for 29 percent of the day’s trade, and Sagicor Select Manufacturing and Distribution Fund with 2.4 million shares for 10.6 percent of the market’s volume. Sagicor Group with an exchange of 1.5 million shares, for 6.5 percent of the Main Market volume, was the only other stock trading more than one million units.
The Market closed with an average of 539,395 units for $4,080,352 for each security traded, in contrast to 776,513 units valued at an average of $9,752,123 on Wednesday. 
The average volume and value for the month to date amounts to 563,186 units at $3,051,311 for each security changing hands, compared to 564,747 units valued at $2,959,713 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
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 closing with lower offers. The PE ratio of the market ended at 19.8, while the Main Market ended at 19.1 times the 2019 earnings.
In the prime market, Caribbean Cement dropped $4.45 to end at $67.56 after trading 108,571 shares, Eppley closed 60 cents lower to $14.40, with 3,543 stock units changing hands, Eppley Caribbean Property Fund lost 96 cents to settle at $38.04, after swapping 500 units. Grace Kennedy climbed $3.99 to end at a 52 weeks’ high of $79, with an exchange of 19,291 shares, Jamaica Broilers declined $1 to $34 in trading 36,873 shares, Jamaica Producers gained $2.61, rising to $25.84 in transferring 12,959 shares. Jamaica Stock Exchange closed $3.40 higher at $34.95, with 59,326 shares changing hands. 
JMMB Group dropped $2.30 to $45.20, in swapping 109,721 shares, Kingston Wharves plunged $6 to $65 while trading 17,841 units, Palace Amusement lost $1 to settle at $2,789, after an exchange of 70 units. Proven Investments dropped $4.95 to end at $50, with 52,655 shares traded, Sagicor Group declined $5.25 to $64.74 in transferring 1,478,177 shares, Seprod added 50 cents to settle at $49.50 exchanging 23,123 units. Stanley Motta ended at $5.50, after losing 30 cents, with 760,600 units changing hands and Supreme Ventures settled at $23.20, with a loss of 77 cents exchanging 56,451 shares.
Trading in the US dollar market ended with 188,960 units for US$61,283. The market index dropped 6.56 points to close at 234.98. JMMB Group 5.75% preference share gained 38 US cents to end at US$2.10, with 2,000 units changing hands, Margaritaville Turks lost 2.5 US cents to close at 31.5 US cents in exchanging 100 units. Proven Investments lost 2 US cents to close at 32 US cents trading 175,270 shares, Sterling Investments closed at 3 US cents in exchanging 3,000 units and Sygnus Credit Investments gained half of 1 US cent to close at 17.5 US cents after the transfer of 5,590 shares.
The Jamaica Stock Exchange Main Market dived sharply on Wednesday with the All Jamaica Composite Index tumbling 7,018.30 points to close at 545,531.01 and the JSE Market Index declining 6,328.36 points to 496,866.39.
Other stocks trading more than one million units were Caribbean Cement with 1 million units, Jamaica Broilers with 1.1 million shares, Jamaica Producers Group with 1.5 million shares, Jamaica Stock Exchange with 1.2 million, Sagicor Group with 1.14 million and Sagicor Select Manufacturing and Distribution Fund with 1.7 million units.
Proven Investments climbed $5.45 to end at $54.95, in trading 8,166 shares, Pulse Investments gained 44 cents to end at $6.94, in exchanging 43,234 shares, Radio Jamaica closed 36 cents higher to $1.77 after transferring 33,244 shares. Sagicor Group lost 90 cents to end at $70, with an exchange of 1,137,836 shares, Scotia Group dropped $3.50 to close at $54 trading 24,100 shares, Seprod closed $2 higher at $49 exchanging 284,322 units. Stanley Motta closed at $5.80, after gaining 30 cents in swapping 400 units, Supreme Ventures climbed $2.95 and settled at $23.97, after transferring 96,284 shares, Sygnus Credit Investments closed $1.30 higher to $26.90, with 29,288 shares changing hands. Victoria Mutual Investments added $1 to end at a record high of $12.50, in swapping 519,848 shares and in the preference segment, Eppley 8.25% lost 50 cents to close at a 52 weeks’ low of 5.50 after trading 16,000 stock units.
The average volume and value for the month to date amounts to 551,005 units valued at $2,508,438 for each security changing hands, compared to 528,016 units valued at $2,464,544 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
Radio Jamaica lost 48 cents to settle at $1.41, with 246,227 shares changing hands. Sagicor Real Estate Fund ended 60 cents lower to close at $9 while trading 183,700 shares, Scotia Group added $1 to close at $57.50, after swapping 563,570 shares, Seprod dropped $2.95 to end at $47 while trading 11,255 units. Supreme Ventures tumbled to $21.02, after falling $3.98 and exchanging 56,530 shares, Sygnus Credit Investments closed $1.15 lower to $25.60, with 31,627 shares changing hands and Victoria Mutual Investments rose to a record high of $11.50, with a gain of 54 cents to end at $11.50, as 337,888 shares crossed the exchange.
Activity on the Jamaica Stock Exchange Main Market began the week with the major indices losing ground with rising stocks edging out declining ones.
Jamaica Stock Exchange advanced by $3.14 to $32, in exchanging 56,550 shares, JMMB Group lost 45 cents to close at $48, with 107,892 shares changing hands. Kingston Wharves climbed $5.57 to $61.60, in transferring 32,070 units, Mayberry Jamaican Equities ended 31 cents lower at $11.01, with an exchange of 22,155 shares, 138 Student Living gained 42 cents to settle at $4.22 trading 3,000 shares. PanJam Investment ended at $102, with a gain of $1 after exchanging 8,876 shares. Portland JSX lost $1.29 to end at $7.70, with 92,980 shares changing hands, Proven Investments gained $1 to $49, after transferring 29,275 shares, Sagicor Real Estate Fund ended 55 cents higher to close at $9.60 after trading 7,657 stock units. Scotia Group added 50 cents to settle at $56.50, with 91,557 shares changing hands, Supreme Ventures ended at $25, gaining $1 exchanging 54,697 shares, Victoria Mutual Investments closed 36 cents higher at $10.96, after swapping 334,266 shares and Wisynco Group rose $1 to $23, in trading 74,342 units.
The past week saw significant fluctuations in prices of several stocks, leading to notable declines in the market indices of the Junior and Main Market and resulting in some changes in the TOP 10 stocks.
During the week, Jamaican Teas announced a three for one stock split, subject to approval by shareholders.
Forecasted earnings and PE ratio for the current fiscal year are in determining potential gains. The stocks are ranked in the order of likely increases, with the highest-ranked, being the most attractive. 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. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
The Main Market indices on the Jamaica Stock Exchange ended the week on Friday, with another round of losses with the market closing down on Friday at the end of a volatile week.
MPC Caribbean Clean Energy advanced $16 to $231, with 100 units changing hands, NCB Financial Group lost $3 in transferring 72,880 shares to close at $190, after trading as low as $175.01, 138 Student Living lost 42 cents to settle at $3.80, in swapping 93,977 shares. PanJam Investment ended at $101, with a gain of 45 cents trading 1,772 shares, Proven Investments declined $1.95 to $48, after 19,016 units changed hands, Pulse Investments closed at $6.50, with a loss of 59 cents in transferring 235,665 shares. Sagicor Real Estate Fund lost 84 cents in swapping 22,301 shares, and ending at $9.05, Scotia Group added $1 to close at $56, with 145,825 shares changing hands, Seprod gained $1.99 and ended at $49.99, after trading 117,955 shares. Supreme Ventures gained $1 to end at 24.00 with 12,840 stock units trading, Sygnus Credit Investments slid to $26.50, after losing 50 cents and transferring 25,616 shares and Wisynco Group dropped $1.25 to end the day’s trade at $22, in swapping 134,384 shares.
Grace Kennedy put on $7 to recover from a big drop on Wednesday, but Scotia Group dropped $2.95 and, along with sixteen other rising stocks, helped to push the JSE Main Market Index up 3,600 points.
NCB Financial Group declined by 50 cents to close at $193, in an exchange of 74,576 shares, Sagicor Group climbed $1.80 to $70.80, in swapping 9,434 shares, Scotia Group ended $2.95 down at $55, with 34,209 shares changing hands, Seprod slipped 94 cents and closed at $48, in trading 35,213 shares. Supreme Ventures slid to $23, after a loss of $2 in transferring 147,830 shares, Victoria Mutual Investments closed 50 cents lower at $10.50, with an exchange of 297,116 shares and Wisynco Group gained $1.25 to end at $23.25, in swapping 188,582 shares. In the preference sector, JMMB Group 7.25% preference share lost 39 cents in closing at $1.59 with just 535 units changing hands.
Other stocks trading more than one million units were Sagicor Select Manufacturing & Distribution Fund with 2.2 million shares and QWI Investments with 1.7 million units.
JMMB Group lost $1.25 to close at $46.75, with 95,804 units changing hands. Kingston Wharves ended at $56.02, after losing $2.48 in trading 1,501 shares, Mayberry Jamaican Equities gained 54 cents to close at $11.85, in swapping 9,302 units, NCB Financial Group tumbled to $193.50, with a loss of $4.50 after transferring 97,143 shares. PanJam Investment closed $1.50 lower to $100.50 while exchanging 2,500 units, Pulse Investments gained 55 cents to close at $7, with 22,670 units changing hands. Sagicor Group lost $1 to end at $69, in swapping 52,139 shares, Seprod closed $1.06 lower to $48.94 trading 12,584 shares, Sygnus Credit Investments gained 50 cents in transferring 38,791, to end at $27. Victoria Mutual Investments climbed $1 to a record $11, with an exchange of 341,192 shares and Wisynco Group closed 50 cents lower to $22 in swapping 319,531 shares.
Main Market activity on the Jamaica Stock Exchange resulted in more gains for the major indices on Tuesday, but with declining stocks edging out advancing ones.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows ten stocks ending with bids higher than their last selling prices and two securities closing with lower offers. The PE ratio of the market ended at 19.4, while the Main Market ended at 18.7 times the 2019 earnings.
Sagicor Group gained 40 cents to end at $70 in swapping 50,866 shares, Scotia Group advanced $3 to $58 in exchanging 58,212 shares and Supreme Ventures closed with a loss of 50 cents to end at $25, in swapping 10,227 shares.
The Market closed with an average of 301,469 units valued at an average of $2,665,982 for each security traded, in contrast to 750,376 units valued at an average of $3,766,627 on Friday. The average volume and value for the month to date amounts to 439,042 units valued at 2,218,333 for each security changing hands, compared to 457,502 units valued at $2,149,464 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
NCB Financial Group declined $3.50 to $195, after falling $3.50 transferring 44,755 shares, Pulse Investments added 44 cents to close at $6.89, with 361,956 units changing hands, Sagicor Group lost 40 cents to end at $69.60 in swapping 68,386 shares. Salada Foods gained $2 to close at $32, with an exchange of 10,716 units, Scotia Group rose $3.94 to $55, after trading 17,152 shares, Seprod lost 90 cents to close at $50, with 26,085 units changing hands. Sygnus Credit Investments lost 50 cents to settle at $26.50 in swapping 49,904 shares, Wisynco Group ended 50 cents higher at $22.50, with an exchange of 281,294 shares and in the preference sector, 138 Student Living lost 50 cents in trading 100 stock units to close at $5.50.
