Wednesday’s nearly 4,000 points gain recorded by the Jamaica Stock Exchange Main Market were wiped out in Thursday’s trading, helped by an unexpected fall in Caribbean Cement third quarter profit, resulting in reduced revenues and a significant drop in profits from $1.44 in the September 2020 quarter to just 5 cents per share this year, leading to a decline in the stock price to a low of $100 and an average of $102.65 and knocking around 3,400 points off the market indices.
The All Jamaican Composite Index dropped 3,915.38 points to 445,859.79, the Main Index fell 3,726.12 points to 403,394.40 and the JSE Financial Index advanced 0.03 points to end at 98.30.
At the close of the market, the volume of shares trading rose 65 percent above Wednesday outcome, but the value was lower by 24 percent as 14,752,654 shares changed hands for $147,324,583 compared to 8,948,387 units at $192,939,993 on Wednesday.
Wigton Windfarm led trading with 18.3 percent of total volume for an exchange of 2.70 million shares, followed by Radio Jamaica with 15.2 percent for 2.25 million units. 1834 Investments was next with 11.5 percent after an exchange of 1.69 million units, Ciboney Group contributed 7.5 percent, with 1.11 million units and Transjamaican Highway held 7 percent after trading 1.04 million units.
Trading ended with 49 securities compared to 50 on Wednesday, with 13 rising, 23 declining and 13 ending unchanged.
The PE Ratio, a measure used in computing appropriate stock values, averages 15.2. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasted by ICInsider.com for companies with financial years ending between the current year and August 2022.
Trading averages 301,075 units at $3,006,624 compared to 178,968 shares at $3,858,800 on Wednesday and month to date, an average of 231,162 units at $2,651,067, compared to 227,446 units at $2,632,171 on Wednesday. September closed with an average of 335,669 units at $7,507,404.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and none with lower offers.
At the close, Berger Paints shed 83 cents to close at $14 with the swapping of 220,460 shares, Caribbean Cement declined $3 in closing at $112 in trading 223,557 stock units, after trading most of the shares in the $100 region, Eppley Caribbean Property Fund fell $3.50 to a 52 weeks’ close of $36.50 with 14,060 stocks changing hands. First Rock Capital popped 55 cents to end at $12.40 in switching ownership of 10,637 units, Guardian Holdings dropped $28 to $520 after trading 4,229 shares, Jamaica Broilers lost 50 cents to close at $29.50 with 3,639 stock units crossing the exchange. Jamaica Producers advanced $1.89 to $23.99 with 106,774 units clearing the market, Jamaica Stock Exchange rose 90 cents to $17.50 in transferring 22,770 stocks, JMMB Group lost 50 cents ending at $37.50 in an exchange of 311,546 shares. Kingston Wharves advanced $4 to $47.50 in switching ownership of 5,520 stocks. Mayberry Investments shed 50 cents to close at $5.50 with an exchange of 16,460 stock units, Mayberry Jamaican Equities dipped 49 cents to $8.57 in trading 525,079 units.
NCB Financial fell $1 to $130 with 321,890 stock units crossing the market, Palace Amusement rallied $60 to end at $1,015 with 77 stocks changing hands, PanJam Investment shed 65 cents to $63.75 with the swapping of 35,348 units. Radio Jamaica shed 49 cents ending at $3.31 with 2,248,574 shares crossing the market, Sagicor Group advanced $1.02 to $53.99 in switching ownership of 221,382 stocks, Scotia Group gained 35 cents to close at $35.35 with a transfer of 56,125 units. Sygnus Real Estate Finance spiked 25 cents in closing at $18.30 with an exchange of 3,767 shares and Wisynco Group fell $1.64 to end at $15.86 with 107,458 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The All Jamaican Composite Index surged 3,908.17 points to 449,775.17, the JSE Main Index rallied 3,592.95 points to end at 407,120.52 and the JSE Financial Index added 0.58 points to close the day at 98.27.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and four with lower offers.
Sagicor Group advanced $1.57 to end at $52.97 in exchanging 30,077 shares, Seprod gained 29 cents to settle at $63.99 in trading 10,054 stocks, Stanley Motta rose 30 cents to $5.25 after crossing the exchange with 7,000 stock units. Supreme Ventures lost 26 cents to end at $17.54, with 12,230 stock units changing hands and Wisynco Group fell $1.29 to $17.50 in exchanging 23,257 shares.
dropped 871.55 points to 445,867.00, the JSE Main Index advanced 276.58 points to 403,527.57 and the JSE Financial Index added 0.25 points to 97.69.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and two with lower offers.
Proven Investments fell 45 cents to $33.02 after exchanging 931 stocks. Sagicor Group declined $1.57 to $51.40 with 2,912 units clearing the market, Scotia Group dipped 40 cents to $35.10 in exchanging 137,921 shares, Stanley Motta shed 95 cents to end at $4.95 after trading 500,000 stock units and Wisynco Group advanced $3.04 to end at 52 weeks’ high of $18.79 with the swapping of 619,145 shares.
The All Jamaican Composite Index spiked 3,121.23 points to 446,738.55, the Main Index climbed 2,672.56 points to close at 403,250.99 and the JSE Financial Index gained 0.93 points to end at 97.44.
Trading averages 154,477 units at $2,156,124, compared to 185,973 shares at $1,921,279 on Friday and month to date, an average of 228,041 units at $2,573,940 compared to 232,419 units at $2,598,803 on Friday. September closed with an average of 335,669 units at $7,507,404.
Sagicor Group rose 97 cents to $52.97 with 50,333 units crossing the exchange, Sagicor Real Estate Fund gained 50 cents to $8.50 in switching ownership of 2,542 shares, Seprod picked up 20 cents at $63.70 in an exchange of 10,581 stock units and Sygnus Credit Investments fell 25 cents to $18.40 after 143,800 stocks crossed the market.
The All Jamaican Composite Index slipped 82.69 points to close at 443,617.32, the JSE Main Index dived 2,627.64 points to 400,578.43 and the JSE Financial Index lost 0.94 points to end at 96.51.
Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and none with lower offers.
PanJam Investment rose 75 cents in closing at $64, with 11,021 units crossing the exchange, Portland JSX declined $2.70 to $7.50 in trading 5,400 stock units, Sagicor Group shed 97 cents in ending at $52 after an exchange of 48,753 stocks. Sagicor Real Estate Fund lost 50 cents to close at $8 with the swapping of 20,200 shares, Seprod advanced $2.60 to $63.50 with a transfer of 4,291 stocks, Stanley Motta rallied 60 cents to $5.90 with the swapping of 8,215 stock units. Sterling Investments gained 20 cents to close at $3 in switching ownership of 18,739 units.
Trading averages 212,990 units at $1,606,341, compared to 204,141 shares at $1,111,397 on Wednesday and month to date, an average of 235,838 units at $2,648,677, compared to 237,543 units at $2,726,463 on Wednesday. September closed with an average of 335,669 units at $7,507,404.
PanJam Investment gained 75 cents to close at $63.25 with 10,917 stocks crossing the market, Pulse Investments lost 27 cents after ending at $4 in an exchange of 47,950 units, Seprod declined $3.08 to $60.90 after 9,342 shares cleared the market and Sterling Investments lost 20 cents to settle at $2.80 with 160,000 stock units crossing the market.
The All Jamaican Composite Index slipped 128.09 points to443,762.67, the JSE Main Index fell 269.20 points to 402,403.83 and the JSE Financial Index lost 0.16 points to end at 96.93.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and two with lower offers.
Stanley Motta lost 39 cents in closing at $5.31 with an exchange of 62,150 stock units, Sygnus Credit Investments gained 48 cents to close at $18.48 in switching ownership of 132,157 shares and Sygnus Real Estate Finance lost 40 cents ending at $18 with 821 units changing hands.
Investor’s Choice bid-offer indicator shows 15 stocks ending with bids higher than their last selling prices and five with lower offers.
Sagicor Real Estate Fund popped 40 cents to end at $8.40 in switching ownership of 357 stocks, Scotia Group declined $3.63, ending at a 52 weeks’ low of $33.02 in trading 148,478 stocks, making it an interesting stock to watch and Seprod gained 55 cents to close at $63.80 in a transfer of 11,013 stock units.
The All Jamaican Composite Index advanced 507.43 points to settle at 445,850.64, the JSE Main Index shed 707.68 points to 403,998.83 and the JSE Financial Index rose 0.02 points to end at 98.03.
September closed with an average of 335,669 units at $7,507,404.
Proven Investments gained 38 cents after ending at $33.48, with 3,710 units crossing the market, Sagicor Group advanced $1.97 to $53 with an exchange of 111,784 shares, Sagicor Real Estate Fund lost 50 cents to settle at $8 in trading 15,450 stock units. Scotia Group popped 55 cents to $36.65 with 75,005 stocks crossing the market, Seprod advanced $1.25 in closing at $63.25 with a transfer of 48,064 stock units, Sygnus Credit Investments gained 63 cents to end at $17.80 with 281,612 units changing hands and Sygnus Real Estate Finance gained 40 cents to close at $18.40 in switching ownership of 98 stock units.
Trading averages 132,408 units at $854,799, down from 346,507 shares at $1,779,698 on Wednesday and month to date, an average of 239,708 units at $3,047,095, compared to 251,039 units at $3,278,609 on Wednesday. September closed with an average of 335,669 units at $7,507,404.
NCB Financial gained 50 cents to close at $126 in switching ownership of 36,740 shares, PanJam Investment shed 90 cents ending at $63.50 with 336 units crossing the market, Pulse Investments dipped 49 cents to end at $4.11 after crossing the market with 816,668 stock units. Sagicor Group declined $2.96 in closing at $51.03 with 43,264 units changing hands, Seprod advanced $4.20 to $62 in trading 32,062 shares and Sygnus Real Estate Finance rallied 50 cents to close at $18 with a transfer of 1,914 stocks.