Advancing stocks outnumbered declining ones in Wednesday activity on the Jamaica Stock exchange Main Market, but that was inadequate to prevent declines in the main indices, with the value and value of shares trading remaining below the norm and marginally close to Tuesday’s levels.
At the close, the All Jamaican Composite Index declined by 1,097.37 points to 435,029.23, the Main Index shed 989.18 points to 396,881.92 and the JSE Financial Index lost 0.31 points to settle at 104.07.
Trading ended with 43 securities changing hands compared to 42 on Tuesday and ended with the prices of 18 stocks rising, the prices of 13 declining and 12 remaining unchanged. The average PE Ratio ended at 15.9 based on ICInsider.com’s forecast of 2020-21 earnings.
Investors exchanged 7,285,081 shares for $47,227,362 compared to 7,460,379 units at $43,882,188 on Tuesday. Wigton Windfarm led trading with 40.2 percent of total volume, after exchanging 2.93 million shares, followed by Transjamaican Highway with 24.9 percent for 1.81 million units and Key Insurance with 7.8 percent market share for 570,244 units.
Trading averaged 169,420 units at $1,098,311 for each security, compared to an average of 177,628 shares at $1,044,814 on Tuesday. The average trade for the month to date is 173,476 units at $1,071,877 for each security. November averaged 623,120 units at $6,686,047.
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 one with a lower offer.
At the close of the market, Barita Investments dropped $3.65 to settle at $84.34, in trading 2,563 shares, Berger Paints gained 45 cents to close at $12.50, with investors swapping 9,140 stock units, Eppley closed 35 cents higher at $23.50, after exchanging 1,189 units. Eppley Caribbean Property Fund climbed $1 in closing at $41, with just one stock unit changing hands, Grace Kennedy rose 90 cents to $65 with an exchange of 343,453 shares, Jamaica Producers lost 75 cents to close at $21 trading 75,816 shares. Jamaica Stock Exchange shed 75 cents to close at $20, with investors switching ownership of 696 units, JMMB Group advanced by $1.78 to $35, after crossing the market with 47,814 shares, Key Insurance lost 66 cents to close at $10, as 570,244 shares passed through the market. Kingston Wharves climbed $1.09 to $48.20, with investors swapping 121 units, Mayberry Jamaican Equities fell $1.05 to $7.15, in an exchange of 204 units, Palace Amusement declined by $100 to end at $1,200, with the trading of one share. 
Pan Jam Investment ended $1.49 lower at $62.01, after exchanging 9,913 stock units, Proven Investments gained $1 to close at $37, with 3,309 units changing hands, Stanley Motta gained 35 cents to finish at $5.35, in trading 2,180 stocks. Supreme Ventures rose 47 cents to $17.50 in an exchange of 13,504 stock units, Sygnus Credit Investments advanced $1 to $17, with a transfer of 37,765 shares and Victoria Mutual Investments gained 34 cents in closing at $6.10 after investors switched ownership of 113,575 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of the market, trading ended with five securities changing hands compared to five on Tuesday and ended with the price of one stock rising, two declining and two remaining unchanged.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows three stocks ended with bids higher than their last selling prices and one with lower offers.
Stocks trading firm│ Ansa Merchant Bank closed at $39.50 in exchanging 133 units, First Caribbean International Bank held firm at $7.05 trading 6,120 shares, First Citizens Bank transferred 25,445 stock units at $44 each. Grace Kennedy held firm at $3.70, with 2,130 units crossing the exchange, Guardian Holdings exchanged 75,160 shares at $20.40, JMMB Group traded 170,511 shares at $1.80. Republic Financial Holdings ended at $133.03, with a transfer of 1,375 units, Trinidad Cement closed at $2.11, in an exchange of 85 units, Unilever Caribbean traded 300 units at $16.70 and West Indian Tobacco closed at $33.22, with 2,282 units changing hands.
Investor’s Choice bid-offer indicator reading for the market shows nine stocks ending with bids higher than their last selling prices and two with lower offers.
Supreme Ventures gained 40 cents to close at $17.03, after the swapping of 21,899 stock units and Sygnus Credit Investments shed $1.31 in ending at $16, with a transfer of 53,907 shares.
The average trade for the day amounted to 2,576 units at $160,937 versus an average of 37,205 units at $1,016,053 for each security on Monday, compared to November with an average of 12,529 units at $181,770.
Scotiabank fell $1 to 54, in exchange for 436 units and Trinidad and Tobago NGL declined by $1.63 to close at a 52 weeks’ low of $14.25, in transferring 476 units.
Trading averaged 341,117 units at $3,482,298 for each security, compared to 5,591,567 shares at $5,529,709 on Friday. Month to date, the average ended at 623,120 units at $6,686,047 for each security, in contrast to 639,789 units at $6,875,412. October averaged 398,200 units at $4,622,532.
Pan Jam Investment advanced by $2.90 to close at $70, with 142,736 shares crossing the exchange, Sagicor Group rose $1 to $52 trading 1,647,769 shares, Salada Foods closed at $27, with a loss of $1 in trading 5,498 units. Scotia Group fell by $1.99 to $46 in exchanging 210,312 shares, Seprod gained $1.10 to end at $65.10, with a transfer of 18,206 units, Supreme Ventures shed 87 cents to finish at $16.63, with 23,840 stock units changing hands and Sygnus Credit Investments lost 69 cents trading 181,280 shares to end the day’s trade at $17.31.
Market activity ended with eight stocks trading, up from six on Friday and ended with the prices of four stocks rising, one declining and three remaining unchanged.
Productive Business Solutions gained 18 cents to end at 84 US cents after trading 5,952 stock units, Proven Investments advanced 0.99 of a US cent to finish at 25.99 US cents, after 14,259 shares crossed the exchange, Sterling Investments lost nine-tenths of a US cent to close at 2 US cents, with investors swapping 350,000 shares. Sygnus Credit Investments advanced 0.51 of a US cent to settle at 16.5 US cents after 51,732 shares crossed the market and Transjamaican Highway remained at 0.90 of a US cent, with 122,500 shares changing hands.
Point Lisas ended at $3.12, after gaining 12 cents and trading 2,000 units, Scotiabank rose $1 to $55, after transferring 20,327 stock units, Trinidad and Tobago NGL advanced by $1.38 to $15.88, with 77,461 shares changing hands and West Indian Tobacco closed 72 cents higher at $33.22, in trading 42,543 shares.
At the close, the All Jamaican Composite Index advanced 3,600.36 points to 435,722.68, the Main Index climbed 3,258.67 points to 397,474.41 and the JSE Financial Index gained 0.83 points to settle at 104.25.
Trading averaged 5,591,567 units at $5,529,709 for each security, versus 316,046 shares at $4,811,167 on Thursday. Month to date average ended with 639,789 units at $6,875,412 for each security, compared to 382,145 units at $6,945,430. October averaged 398,200 units at $4,622,532.
Key Insurance closed at $10.35 and rose to $1.75 after trading 287,658 shares, MPC Caribbean Clean Energy declined by $4.50 to $145.50, in crossing the market with 224 units, Pan Jam Investment fell $1.05 to $67.10 trading 25,670 stock units. Proven Investments climbed $2.22 to $39.02, with an exchange of 56 units, Scotia Group advanced $2.89 to $47.99, with investors swapping 45,993 stock units, Stanley Motta shed 80 cents to close at $4.70, in crossing the market with 5,500 units and Supreme Ventures loss of 50 cents to end at $17.50, after 145,808 shares passed through the market.
Stocks declining│ Guardian Holdings shed 10 cents to finish at $20.40, in transferring 1,000 shares, One Caribbean Media lost 2 cents trading 4,651 stock units at $4.80 and Republic Financial Holdings declined by $3 to $133, with an exchange of 950 units.
