Market activity on Friday led to a fall in the value of stocks after an exchange of 152 percent more shares valued 99 percent higher than on Thursday as advancing stocks just edged out those declining at the close of trading on the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index dropped 1,636.66 points to 456,395.73 after it hit 459,788.11 points at the market’s opening, the highest it had been since early March last year. The JSE Main Index fell 1,361.86 points to end at 456,395.73 and the JSE Financial Index slipped 0.7 points to settle at 105.83.
Overall, 45 securities traded down from 48 on Thursday, as 18 stocks gained, 17 declined and 10 remaining unchanged. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 16.2 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 21,218,791 shares trading for $209,043,560 versus 8,415,642 units at $105,241,816 on Thursday. Carreras controlled 48.2 percent of total volume, with 10.24 million shares, followed by Wigton Windfarm with 24.5 percent for 5.19 million units and Sagicor Select Financial Fund 7.3 percent, with 1.55 million units changing hands.
Trading averaged 471,529 units at $4,645,412, compared to 175,326 shares at $2,192,538 on Thursday. Trading month to date averages 260,205 units at $4,908,113, in contrast to 193,705 units at $4,990,781 on Thursday. May closed with an average of 439,937 units at $4,698,961.
Investor’s Choice bid-offer indicator shows 13 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cement rallied $2 to $92 in exchanging 25,887 shares, Carreras dropped 42 cents to $9.80 after crossing the market with 10,236,701 shares, First Rock Capital rose 25 cents to $16.25 in trading 13,437 units. Grace Kennedy dipped $1.45 to $88 with 53,744 stocks clearing the market, Jamaica Broilers slumped $3.20 to $31.80 with 15,774 units crossing the exchange, Jamaica Stock Exchange popped 33 cents to $17.36 in the swapping of 256,083 shares. Kingston Wharves picked up 30 cents in closing at $46.50 after exchanging 320 units, Margaritaville spiked $1.20 higher at $15.20 with a transfer of 7,795 stocks, Mayberry Investments shed 69 cents to end at $5.70 in an exchange of 63,862 shares, NCB Financial Group dropped $2.89 to $141 with the swapping of 91,318 units, Palace Amusement popped $9.80 to $995 trading 44 stocks. Pan Jam Investment fell $1 to $69 with 8,025 units changing hands, Proven Investments fell $1.50 to $35.50 in switching ownership of 8,702 shares, Sagicor Real Estate Fund dipped 64 cents to $8.35 with an exchange of 9,999 stock units. Scotia Group rose 90 cents to $42, with 259,313 shares crossing the exchange, Seprod swung $3.02 lower to $71 with the swapping of 56,990 stocks, Stanley Motta gained 23 cents to close at $6.03 in trading 1,027 units. 
Sterling Investments popped 23 cents lower to $3.06 after exchanging 185,283 shares, Supreme Ventures gained 35 cents in ending at $19.90, with 17,150 stocks clearing the market, Sygnus Credit Investments shed 30 cents to end at $15 after an exchange of 110,835 stock units. Victoria Mutual Investments rose 37 cents to $6.48 after transferring 209,147 shares and Wisynco Group fell 37 cents to $15.43 with 323,590 stocks crossing the market.
In the preference segment, JMMB Group 7.5% lost 6 cents to finish at 78 cents in transferring 150 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close, the PE Ratio, a measure that determines an appropriate relative value of each stock, averages 12.4 based on ICInsider.com’s 2021-22 earnings forecast.
Trading averaged 145,654 unit at $608,143 versus 198,947 at $496,142 on Wednesday. for the month to date trading averages 146,884 units at $481,673, versus 147,466 units at $421,766 on Wednesday. May closed with an average of 318,089 units at $760,337.
Lasco Manufacturing rallied 13 cents to $5.64 with 47,797 shares changing hands, Limners and Bards dropped 15 cents to $2.90 with a transfer of 4,498 units, Lumber Depot fell 18 cents to $3.26 with ownership of 974,222 stocks changing. Medical Disposables slipped 5 cents to $4.95 with 1,565 stock units changing hands and Stationery and Office Supplies spiked 67 cents to $8.31 with 66,386 shares crossing the exchange.
The PE Ratio, a measure that determines an appropriate value of each stock, averages 12.5 based on ICInsider.com’s forecast of 2021-22 earnings.
Proven Investments declined 0.9 of a cent to end at 25 US cents with 50,282 shares changing hands, Sterling Investments rose 0.05 of a cent to 2.05 US cents with 24,297 stocks traded, Sygnus Credit Investments declined by 0.29 of a cent to 15.2 US cents with a transfer of 16,733 units and Transjamaican Highway rallied 0.06 of a cent to land at 0.91 US cents with 40,000 shares crossing the exchange.
Trading averaged 175,326 units at $2,192,538, compared to 256,975 shares at $8,858,513 on Wednesday. Trading month to date averages 193,705 units at $4,990,781, in contrast to 202,991 units at $6,404,631 on Wednesday. May closed with an average of 439,937 units at $4,698,961.
Sygnus Credit Investments gained 30 cents to settle at $15.30 in trading 25,434 stock units, Victoria Mutual Investments slipped 39 cents to $6.11 in the transfer of 185,406 shares and Wisynco Group popped 60 cents to $15.80 with the swapping of 130,777 stocks.
The All Jamaican Composite Index declined 994.79 points to 451,670.82, the JSE Main Index lost 199.45 points to end at 420,160.07 and the JSE Financial Index gained 0.29 points to settle at 104.48.
Trading close with an average of 256,975 units at $8,858,513, compared to 150,132 shares at $4,001,871 on Tuesday. Trading month to date averages 202,991 units at $6,404,631, in contrast to 150,132 units at $4,001,871 on Tuesday. May closed with an average of 439,937 units at $4,698,961.
Scotia Group rose $1.01 to $41 after trading 47,810 stocks, Seprod gained 20 cents to close at $73 with the swapping of 12,488 units, Stanley Motta shed 20 cents to close at $5.80 after exchanging 10,000 shares. Sterling Investments picked up 29 cents to finish at $3.29 in switching ownership of 1,000 units, Supreme Ventures rallied 20 cents to $20 in trading 61,340 shares and Wisynco Group shed 30 cents in ending at $15.20 after an exchange of 121,439 stock units.
Trading ended with five securities changing hands, compared to eight on Tuesday with the prices of one stock rising, two declining and two remaining unchanged.
At the close, First Rock Capital had an exchange of 44,814 shares at 8.99 US cents, Productive Business Solutions had trading of 9 stock units at 80 US cents, Proven Investments lost 0.1 of a cent to end at 25.9 US cents with 21,708 units changing hands. Sterling Investments slipped 0.01 of a cent to 2 US cents with a transfer of 52,000 stocks and Sygnus Credit Investments rose 0.48 of a cent to close at 15.49 US cents with 10,974 shares crossing the exchange.
A total of 38 securities traded, similar to Tuesday, with 16 rising, 13 declining and nine closing unchanged.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and three with lower offers.
Lasco Distributors fell 14 cents to end at $4 with 10,382 shares traded, Lasco Financial lost 12 cents to finish at $3.87 with 236,100 units changing hands, after trading at an intraday 52 weeks high of $4.20. Lasco Manufacturing slipped 9 cents to $5.51, with a transfer of 45,005 stocks, Medical Disposables fell 5 cents to $5 with investors switching ownership of 1,000 stock units and Stationery and Office Supplies shed 51 cents to close at $7.64 with the 500 shares crossing the exchange.
Overall, 38 securities traded compared to 39 on Monday and ended, with 13 rising, 17 declining and eight closing unchanged.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two with lower offers.
Lasco Manufacturing rose 8 cents to $5.60 with 580,585 stock units changing hands, Medical Disposables jumped 65 cents to $5.05 with 679 stocks passing through the market. Stationery and Office Supplies gained 15 cents to end at $8.15 with 10,860 units traded and tTech dropped $1.18 to close at $5.07 with 2,600 shares crossing the exchange.
Investor’s Choice bid-offer indicator reading has 13 stocks ending with bids higher than their last selling prices and three with lower offers.
PanJam Investment declined $3.70 to close at $66 in transferring 7,312 units, Proven Investments lost 50 cents to close at $34.50 with 30,721 stock units clearing the market. Sagicor Real Estate Fund gained 20 cents ending at $8.50 and exchanging 2,000 shares. Seprod fell $1.30 to end at $72.80, with 55,443 shares crossing the exchange, Sygnus Credit Investments lost 20 cents to close at $15.05 in trading 510,516 stock units and Wisynco Group ended 29 cents lower at $15.50 in an exchange of 92,649 stocks.
Transjamaican Highway was the volume leader accounting for 2.51 million of the 2,508,722 shares traded, with a value of US$28,103 compared to 460,180 units trading at US$70,670 on Monday.
Proven Investments remained at 26 US cents with a transfer of 15,452 stock units, Sterling Investments fell 0.24 of a cent to 2.01 US cents with 82,000 shares traded, Sygnus Credit Investments ended at 15.01 US cents after trading 9,640 stocks and Transjamaican Highway declined by 0.08 of a cent to finish at 0.85 US cents with 2,400,000 units crossing the exchange.
