Market activity ended on Wednesday with the market rising after the volume of shares traded fell 60 percent with values down 71 percent compared to Tuesday, with Wigton Windfarm accounting for nearly half of the volume of stocks traded, as the price hit a new 52 weeks’ low as the stock looks technically weak at the close of the Jamaica Stock Exchange Main Market.
At the close, the All Jamaican Composite Index advanced 2,218.44 points to 461,341.26, the JSE Main Index rose 1,596.37 points to end at 428,073.03 and the JSE Financial Index popped 0.67 points to 106.19.
Trading ended with two stocks ending at 52 weeks’ highs and two at lows as 52 securities traded similar to Tuesday, with 19 stocks rising, 22 declining and 11 remaining unchanged. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 16.5 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 8,879,043 shares trading for $56,815,416 versus 22,237,953 units at $198,202,082 on Tuesday. Wigton Windfarm led trading with 46.7 percent of total volume for an exchange of 4.34 million shares, followed by Transjamaican Highway with 17.3 percent for 1.60 million units and Sagicor Select Financial Fund with 5.8 percent for 541,055 units.
The average day’s trade is 170,751 units at $1,092,604, compared to 427,653 shares at $3,811,578 on Tuesday. Trading month to date averages 249,247 units at $4,649,442, in contrast to 256,820 units at $4,992,587 on Tuesday. May ended with an average of 439,937 units at $4,698,961.
Investor’s Choice bid-offer indicator reading is strong, with 17 stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments fell $2.10 to close at $81.10 with the swapping of 17,680 shares. Caribbean Cement lost 26 cents to end at $93.75 in exchanging 5,661 stocks, Eppley spiked $5 to settle at a 52 weeks’ high of $45 with the swapping of 1,270 units. Eppley Caribbean Property Fund plunged $6.90 to $35 in switching ownership of 5,410 stock units, First Rock Capital lost 20 cents ending at $15.80 in an exchange of 3,724 stocks, Grace Kennedy rose $1.30 to $96.30 in transferring 28,487 stock units. Guardian Holdings declined $4.50 to $755 with 3,590 shares changing hands, Jamaica Broilers advanced $2.20 to $35.80 in trading 5,924 units, Jamaica Producers shed 93 cents in closing at $23.50 with a transfer of 46,176 stock units. JMMB Group rose $1.09 to close at a 52 weeks’ high of $37.79 in exchanging 111,569 shares, Margaritaville gained 45 cents to end at $14.75 with 66,800 stock units clearing the market, Mayberry Investments ended 54 cents higher at $6.05 after an exchange of 209,044 shares, Mayberry Jamaican Equities gained 45 cents to close at $9.55 with 115,030 stock units clearing the market. MPC Caribbean Clean Energy picked up 23 cents to end at $116.23 in trading 3,194 units, NCB Financial Group advanced $2 to close at $145 with 50,829 shares crossing the market, Palace Amusement plunged $170 to close at $1,000 with the swapping of 513 stocks. 
Pan Jam Investment fell $1.51 in closing at $65.05 in transferring 24,696 units, Proven Investments dived $1.90 to finish at $35 in an exchange of 345,327 shares, Sagicor Group spiked $5.90 to $57.90 in switching ownership of 58,795 stock units, Sagicor Real Estate Fund gained 70 cents to end at $9 in an exchange of 1,510 stocks, Salada Foods lost 20 cents to settle at $8 with a transfer of 44,470 shares. Seprod rose 99 cents to close at $74, with 9,423 units crossing the exchange, Supreme Ventures ended 72 cents higher at $20.80 after an exchange of 43,256 stock units, Sygnus Credit Investments gained 57 cents in closing at $15.19 in trading 121,657 stocks. Transjamaican Highway lost 3 cents to end at 52 weeks’ low of $1.17 with an exchange of 1,604,464 units and Wigton Windfarm dropped 4 cents to close at a 52 weeks’ closing low of 57 cents, after hitting an intraday low of 53 cents, with 4,336,688 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
A total of six securities traded, up from five on Tuesday, one stock rose, two fell and three remained unchanged.
At the close, First Rock Capital ended at 9 US cents with an exchange of 7,352 shares, Proven Investments slipped 0.09 of a cent to 25.9 US cents, trading 155,084 units, Sterling Investments settled at 2 US cents with a transfer of 45,825 shares. Sygnus Credit Investments rose 0.05 of a cent to 15.25 US cents with 30,029 units traded and Transjamaican Highway lost 0.02 of a cent to end at 0.86 of a US cent with 221,713 stocks crossing the exchange.
At the close, the All Jamaican Composite Index dropped 3,021.82 points to 459,122.82, the JSE Main Index declined 2,454.99 points to end at 426,476.66 and the JSE Financial Index shed 1.04 points to 105.52 after Grace Kennedy traded at an intraday high of $100, while Transjamaica Highway and Wigton Windfarm traded at 52 weeks’ low of 90 cents and 55 cents, respectively.
Trading averages 427,653 shares at $3,811,578, compared to 282,767 units at $5,070,244 on Monday. Trading month to date averages 256,820 units at $4,992,587, in contrast to 238,579 units at $5,118,691 on Monday. May closed with an average of 439,937 units at $4,698,961.
Sagicor Group declined $3 to $52 in transferring 1,091,820 shares, Sagicor Real Estate Fund shed 69 cents to close at $8.30 after exchanging 75,292 units. Scotia Group shed $1 to end at $40 with the swapping of 426,297 shares. Seprod fell 99 cents to $73.01 in trading 14,521 stock units, Stanley Motta ended 51 cents lower at $5.89 after clearing the market with 6,300 shares, Supreme Ventures fell 92 cents to $20.08 with 97,939 stocks crossing the market and Sygnus Credit Investments shed 44 cents to end at $14.62 in transferring 77,877 stock units.
Five securities traded on Tuesday, similar to Monday, with prices of three stocks rising, one declining and one remaining unchanged. The JSE USD Equity Index rose 0.76 points to close at 198.43.
At the close, First Rock Capital gained 0.3 of a cent to finish at 9 US cents, trading 15,710 shares, Margaritaville rose 0.12 of a cent to 8.15 US cents with an exchange of 2,305 units, Proven Investments remained at 25.99 US cents with 36,850 stock units changing hands. Sterling Investments lost 0.04 of a cent to close at 2 US cents with 386,182 stock units changing hands and Transjamaican Highway added 0.02 of a cent to finish at 0.88 US cents with 52,615 shares crossing the exchange.
JMMB Group fell 6 cents to close at $1.74, with 293,278 stocks clearing the market, Massy Holdings surged $4 to a 52 weeks’ high of $80, trading 25,023 shares, National Enterprises settled at $3, with 34,530 shares crossing the market. Prestige Holdings rose 44 cents to close at $6.99 with an exchange of 28 shares, Scotiabank ended at $57, with 27,801 units changing hands, Trinidad & TobagoNGL climbed 14 cents to $18.10 after exchanging 22,652 stock units. Unilever Caribbean ended at $16.33 in trading 1,574 units and West Indian Tobacco fell 4 cents to close at $32.11 with the swapping of 5,328 units.
Investor’s Choice bid-offer indicator closed with a strong signal of 14 stocks ending with bids higher than their last selling prices and four closing lower offers, an indication that Tuesday’s trading should see a continuation of the current market rally. At the close of trading, the All Jamaican Composite Index pushed 2,871.41 points higher to 462,144.64 to now sit just above resistance level which now provides support for the market. The JSE Main Index rose 2,511.04 points to end at 428,931.65 and the JSE Financial Index inched 0.91 points higher to 106.56.
Trading ended with a 14 percent rise in the volume of stocks traded, with a 61 percent lower value than Friday, after 13,855,601 shares traded for $248,441,964 versus 12,127,180 units at $631,548,664 on Friday. Mayberry Jamaican Equities led trading with 26 percent of total volume for 3.61 million shares followed by Wigton Windfarm with 13.4 percent after an exchange of 1.85 million units, Transjamaican Highway accounted for 8.7 percent with 1.20 million units traded, Sagicor Select Financial Fund held to 8.6 percent after an exchange of 1.19 million units, Sagicor Select Manufacturing & Distribution Fund pulled out 8.3 percent with 1.15 million units and QWI Investments delivered 8.1 percent after trading 1.12 million units.
Proven Investments shed $1.94 in closing at $35.06, with 44,622 stocks crossing the market, Sagicor Group slipped $2 to $55 with 248,968 shares clearing the market. Salada Foods climbed 45 cents to $8.28 with 113,932 stock units crossing the exchange, Scotia Group jumped $1.44 to $41 in an exchange of 3,994 units, Seprod shed 99 cents to close at $74 with the transfer of 173,855 shares. Sterling Investments dipped 25 cents to $2.80 in switching ownership of 220,000 stock units, Supreme Ventures spiked 50 cents to close at $21 after clearing the market of 336,556 stock units, Sygnus Credit Investments ended 24 cents lower at $15.06 in an exchange of 256,748 units.
Trading ended with the JSE USD Equity Index slipping 3.28 points to end at 197.67. The PE Ratio, a measure that determines an appropriate relative value of stocks, averages 12.4 based on ICInsider.com’s forecast of 2021-22 earnings.
At the close, First Rock Capital dipped 0.3 of a cent to finish at 8.7 US cents with 11,182 shares traded, Proven Investments rose 0.01 of a cent to close at 25.99 US cents with an exchange of 7,881 units, Sterling Investments fell 0.33 of a cent to 2.04 US cents with a transfer of 175,520 stock units and Transjamaican Highway lost 0.04 of a cent to end at 0.86 of a US cent with 233,904 stocks crossing the exchange.
National Flour Mills dropped 4 cents to $2.26, with 10,000 stocks changing hands, NCB Financial Group fell 26 cents to $8 in trading 159,250 units, One Caribbean Media settled at $4.65 while 6,027 units changed hands. Point Lisas ended at $3.10 in exchanging 2,000 shares, Republic Financial Holdings traded 5,474 stock units to close at $135, Scotiabank ended at $57, with 13,301 shares changing hands. Trinidad & Tobago NGL advanced 11 cents to $17.96 while exchanging 19,085 stock units, Trinidad Cement slipped 5 cents to $3.25, with 7,000 stock units clearing the market, Unilever Caribbean ended at $16.33, with 2,300 shares changing hands and West Indian Tobacco fell 4 cents to $32.15 with the swapping of 10,326 units.
At the close, the JSE Main Index fell 749.88 points to end at 426,420.61 and the JSE Financial Index slipped 0.09 points to 105.65.
Trading averaged 247,493 units at $12,888,748, compared to 193,417 shares at $3,594,165 on Thursday. Trading month to date averages 233,635 units at $5,124,111, in contrast to 231,890 units at $4,146,046 on Thursday. May ended with an average of 439,937 units at $4,698,961.
Sagicor Group spiked $3 to $57 after 526,416 shares cleared the market. Scotia Group fell 44 cents to close at $39.56, with 124,591 stocks changing hands. Seprod rose 99 cents to $74.99 after exchanging 57,110 stock units, Supreme Ventures gained 50 cents to close at $20.50 after trading 214,253 units and Wisynco Group shed 55 cents to end at $15.40 with 244,402 stock units changing hands.
At the close, 200 shares of First Rock Capital traded at 9 US cents, Margaritaville shed 0.97 of a cent to close at 8.03 US cents with an exchange of 53,643 stock units, Proven Investments slipped 0.01 of a cent to close at 25.98 US cents while exchanging 8,690 stock units and Sygnus Credit Investments rose 0.2 of a cent to 15.2 US cents after 20,278 shares crossed the exchange.
