Rising stocks clobber those falling

Investors traded 51 securities compared to 53 on Wednesday, with rising stocks overwhelming those declining after prices of 30 rose, with nine declining and 12 ending unchanged as three times the volume of stocks were exchanged on the Jamaica Stock Exchange Main Market on Thursday after the volume traded climbed 227 percent over Wednesday, with values declining 30 percent lower.
A total of 19,677,897 shares were exchanged for $39,419,138 versus 6,016,425 units at $56,503,512 on Wednesday.
Trading for the day averaged 385,841 units at $772,924 versus 113,517 shares at $1,066,104 on Wednesday and month to date, an average of 209,330 stock units at $1,450,722 compared to 199,577 units at $1,488.174 on the previous day. October closed with an average of 231,243 units at $1,464,224.
Wigton Windfarm led trading with 14.51 million shares for 73.7 percent of total volume, followed by Sagicor Select Financial Fund with 1.35 million units for 6.9 percent of the day’s trade and Sagicor Select Manufacturing & Distribution Fund with 1.12 million units for 5.7 percent market share.
The All Jamaican Composite Index fell 1,154.03 points to 379,869.00, the JSE Main Index rose 428.14 points to 336,060.58 and the JSE Financial Index gained 0.52 points to settle at 80.52.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.6 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
The Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments rose $1.95 after ending at $87 with the swapping of 10,515 shares, Caribbean Cement advanced 50 cents in closing at $57.50 with an exchange of 127,191 stocks, Eppley dipped $2 to $33 in trading 3,704 stock units. Eppley Caribbean Property Fund advanced $2.59 to close at $39.99 in switching ownership of 124 units, Guardian Holdings climbed $60 to end at $560 with 323 stock units changing hands, Jamaica Broilers fell 65 cents to $26.85 in transferring 6,640 units. Jamaica Producers declined 78 cents to close at $22.22 with an exchange of 34,293 stocks, Jamaica Stock Exchange dropped $1 to $15 with 23,974 shares crossing the market, Kingston Properties rose 61 cents to $6.62 with the swapping of 6,958 shares. Kingston Wharves rallied $1.14 to end at $34.99 after exchanging 86,935 stock units, Massy Holdings popped $2.48 to $80.50 after 4,734 stocks were traded, PanJam Investment climbed $1 to $58 in an exchange of 5,336 units. Seprod advanced 50 cents to end at $69 after a transfer of 192 shares, Supreme Ventures rose 84 cents in closing at $25.25 with 15,251 units changing hands, Sygnus Credit Investments gained 42 cents to close at $12.92 after 8,699 stock units cleared the market and Sygnus Real Estate Finance rallied 85 cents to finish at $9.90 in trading 11,598 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

A day of decline for the JSE Main Market

For a second consecutive day, the volume of stocks traded on the Main Market on Wednesday declined, with a fall of12 percent as the value dropped 23 percent lower than on Tuesday, after the trading of 53 securities similar to Tuesday, with 19 rising, 24 declining and ten ending unchanged.
JMMB Group traded at a 52 weeks’ intraday low of $32 and QWI Investments closed at a 52 weeks’ low of 61 cents.
A total of 6,016,425 shares were traded for $56,503,512, down from 6,830,613 units at $73,463,083 on Tuesday.
Trading averaged 113,517 units at $1,066,104 versus 128,879 shares at $1,386,096 on Tuesday and month to date, an average of 199,577 units at $1,488,174 down from 204,819 units at $1,513,886 on the previous trading day. October closed with an average of 231,243 units at $1,464,224.
Wigton Windfarm led trading with 1.95 million shares for 32.4 percent of total volume followed by Sagicor Select Financial Fund with 705,686 units for 11.7 percent of the day’s trade and Transjamaican Highway with 568,392 units for 9.4 percent market share.
The All Jamaican Composite Index gained 909.90 points to close at 381,023.03, the JSE Main Index dropped 2,865.97 points in closing at 335,632.44 and the JSE Financial Index lost 1.43 points to settle at 80.00.
The PE Ratio, a formula to ascertain appropriate stock values, averages 12.4 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows 15 stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Eppley Caribbean Property Fund popped $1.38 in closing at $37.40 as investors exchanged 3,440 shares, GraceKennedy rose 94 cents to $82.05 after a transfer of 129,110 stock units, Guardian Holdings dropped $74.98 to $500, with 24 stocks clearing the market. Jamaica Stock Exchange climbed $1 to $16 in trading 39,224 units, Kingston Properties dipped $1.19 to $6.01 with an exchange of 334 stocks, Kingston Wharves gained $2.35 to close at $33.85 with the swapping of 100,981 stock units. Massy Holdings shed $2.08 to end at $78.02 in trading 1,886 units, Mayberry Investments gained 59 cents in closing at $7.15 after a transfer of 6,529 shares, NCB Financial rallied $1 to $85 in exchanging 94,262 units. PanJam Investment lost $1 to end at $57 with the swapping of 15,143 stocks, Portland JSX declined $1.20 to $9 with investors transferring 979 stock units, Proven Investments advanced $1.99 in closing at $27.99 with one share changing hands. Scotia Group fell $2.30 to $32.70 in exchanging 83,040 shares, Supreme Ventures dropped $1 to close at $24.41 in switching ownership of 48,664 stock units, Sygnus Credit Investments rallied 98 cents in ending at $12.50 after trading 3,000 stocks and Sygnus Real Estate Finance dipped $1.05 to settle at $9.05 with a transfer of 150 units.
In the preference segmentEppley 5% preference share declined 49 cents to $22.50 in exchanging 52 units and JMMB Group 7.25% preference share gained 43 cents to end at $3.38 after trading 5,876 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE Main Market rallies

Declining stocks dominated trading on The Jamaica Stock Exchange Main Market on Tuesday with 53 securities trading compared to 55 on Monday and leading to  17 rising, 20 declining and 16 ending unchanged after a 43 percent decline in the volume of stocks traded, value 9 percent higher than on Monday.
A total of 6,830,613 shares were exchanged for $73,463,083 versus 12,066,242 units at $67,419,300 on Monday.
Trading averaged 128,879 units at $1,386,096 versus 219,386 shares at $1,225,805 on Monday and month to date, an average of 204,819 units at $1,513,886 down from 209,746 units at $1,522,176 on the previous trading day. The average trade for October ended at 231,243 units at $1,464,224.
Wigton Windfarm led trading with 1.10 million shares for 16.2 percent of total volume followed by Mayberry Investments with 922,741 units for 13.5 percent of the day’s trade and Sagicor Select Financial Fund with 711,341 units for 10.4 percent market share.
The All Jamaican Composite Index rose 771.52 points to close at 380,113.13, the JSE Main Index rallied 573.98 points to 338,498.41 and the JSE Financial Index inched 0.27 points higher to  81.43.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.4 for the Main Market. The JSE Main and USD Market PE ratio incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and eight with lower offers.
At the close, Barita Investments dropped $2.10 to close at $85 after trading 8,149 shares, First Rock Real Estate climbed 65 cents to $13 with an exchange of 5,343 stocks, GraceKennedy declined $4.39 to $81.11 with the swapping of 69,076 stock units. Jamaica Broilers advanced $1.35 to $27.48 after 11,106 units crossed the market, JMMB Group dipped $1.30 to close at a 52 weeks’ low of $32.70 in switching ownership of 25,563 units, Kingston Wharves rallied $1.50 to $31.50 with investors transferring 235,701 stocks. Mayberry Investments lost 43 cents to end at $6.56 trading 922,741 shares, MPC Caribbean Clean Energy fell $6 to $78 with a transfer of 700 stock units, Proven Investments advanced 50 cents in closing at $26 with an exchange of 10,862 shares. Supreme Ventures shed 52 cents to finish at $25.41 with 51,545 units changing hands, Sygnus Credit Investments fell 48 cents to $11.52 while transferring 21,865 stock units.
In the preference segmentEppley 7.75% preference share lost 60 cents to settle at $20.50 after an exchange of 189 stocks and Jamaica Public Service 9.5% dipped $40 to end at $2,960 with the swapping of one unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE Main Market rally

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The Jamaica Stock Exchange Main Market ended on Monday after a merger announcement by Pan Jam Investment and Jamaica Producers gained 18 percent and 24 percent respectively and helped push the market higher at the close after the volume of stocks traded jumped 40 percent higher than on Friday but with 5 percent fall in values from the trading in 55 securities compared to 49 on Friday, with 20 rising, 20 declining and 15 ending unchanged.
JMMB Group traded at an intraday 52 weeks’ low of $32.50, Key Insurance closed at a 52 weeks’ low of$3.15 and Kingston Wharves closed at a 52 weeks’ low of $30.
A total of 12,066,242 shares were tradeded for $67,419,300 compared with 8,629,483 units at $70,734,289 on Friday.
Trading averaged 219,386 units at $1,225,805 versus 176,112 shares at $1,443,557 on Friday and month to date, an average of 209,746 units at $1,522,176 versus 209,050 units at $1,543,568 on the previous trading day. October closed with an average of 231,243 units at $1,464,224.
Wigton Windfarm led trading with 6.55 million shares in accounting for 54.3 percent of total volume followed by Transjamaican Highway with 960,085 units for 8 percent of the day’s trade and Jamaica Producers with 883,329 units for 7.3 percent market share.
The All Jamaican Composite Index dropped 1,041.36 points to close at 379,341.61, the JSE Main Index rose 2,547.40 points to 337,924.43 and the JSE Financial Index climbed 1.28 points to 81.16.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.4 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and nine with lower offers.
At the close, Caribbean Cement lost 99 cents to close at $57 with an exchange of 4,428 stock units, Eppley rose $1 to $35 with investors transferring 715 units, Eppley Caribbean Property Fund declined $8.87 in closing at $36.02 with a transfer of 39 stocks. Guardian Holdings popped $24.98 to $574.98 as investors exchanged 670 shares, Jamaica Producers rose $4.50 to $22.81 in trading 883,329 stocks, Kingston Properties gained $1.38 after ending at $6.91 with a transfer of 35,000 stock units. Kingston Wharves shed $4 to end at a 52 weeks’ low of $30 in exchange of 156,604 units, NCB Financial fell 97 cents in closing at $84 trading 114,161 stock units, Palace Amusement advanced $2.13 to close at $719.01 with the swapping of one unit. PanJam Investment climbed $9 to finish at $58 in switching ownership of 63,430 shares, Proven Investments dropped 50 cents to $25.50 with 10,785 stocks changing hands, Sagicor Group declined 60 cents to $48.60 after exchanging 21,029 stock units. Scotia Group lost 80 cents to end at $35 in transferring 8,573 shares, Seprod fell $1.45 to close at $68.55 with the swapping of 12,621 units, Stanley Motta dipped 54 cents to $4.46 with 3,787 stocks crossing the market. Supreme Ventures rallied $2.87 to $25.93 as investors switched ownership of 90,833 stock units, Sygnus Credit Investments USD share popped $1.72 to close at $18.96 with ten stocks changing hands. Sygnus Credit Investments dropped $1.39 to $12 with 59,342 units clearing the market and Wisynco Group advanced 45 cents to end at $18 in exchanging 44,656 shares.
In the preference segmentJamaica Public Service 9.5% rallied $169.23 to $3,000 in an exchange of 4 stock units,  JMMB Group 7.25% preference share rose 40 cents in closing at $3.08 after 6,467 stocks cleared the market and Productive Business Solutions 10.5% preference share dropped $100 to $1,050 with a transfer of 260 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Regency, Lasco Financial &138SL Stocks to Watch

Regency Petroleum is added to the Stocks to Watch following the release of its prospectus On Thursday with an issue price of $1, with the possibility of the price hitting over $2 initially. Palace Amusement is dropped for the time being with the company reporting improved results in the September quarter but still ending with a loss, but investors should be on the lookout for good things from the stock in the future as it continues to make headway to recovery.
Barita Investments and Consolidated Bakeries are removed from the list at this time with recent results suggesting that they are unlikely to move higher in the short term.
ICInsider.com watch list comprises Access Financial, Caribbean Assurance Brokers, Dolphin Cove, Caribbean Producers, Elite Diagnostic, Everything Fresh, General Accident, Guardian Holdings, Jamaica Broilers, Key Insurance, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, NCB Financial, 138 Student Living, One on One, Paramount Trading, Regency Petroleum, Scotia Group, Stationery and Office Supplies and Wisynco.
Major factors to consider going forward. The rebound in tourist arrivals only came back to 2019 levels since June. Providing there are no reversals, then companies who are highly dependent on the sector will enjoy a big bounce for the next nine months compared to the lower business generated since last year to April this year. The same applies to the entertainment industry as the sector only opened up after March this year. Banks will make a fortune from increased interest rates.

Persons who compiled this report may have an interest in securities commented on.

Major shake up of ICTOP10

The Jamaica stock market got hit in the past week as a new Initial Public offer of Regency Petroleum shares open to the public on Thursday. The market decline is now a very pronounced feature of the market as investors seek funds to invest in the new issue and pressure prices of existing stocks and provides opportunities for savvy investors to pick up stocks at depressed prices for the eventual rally after the IPO closes.

NCB Financial Group is now back in the ICTOP10

The pricing of the IPO issue does not provide enough likely gains for it to make the ICTOP10, but it is included in the Stocks to Watch as the price is expected to jump and deliver a decent profit.
In the past two weeks, several company results were released to the public, with varying outturns, some of which led to adjustments to earnings per share for the current fiscal year. Sterling Investments and VM Investments earnings were adjusted downward and fell out of the TOP 10 and were replaced by NCB Financial Group and Key Insurance. Earnings for Berger Paints and JMMB Group were also revised downward, but they remain in the Main Market TOP10. Access Financial and Iron Rock Insurance return to the Junior Market TOP10 as General Accident and Medical Disposables dropped out.
Seven stocks in the Junior Market TOP10 declined between 3 percent and 20 percent, with only one rising. The Main Market list had two stocks gaining for a second week and six declining between four and nine percent.
Notable price changes during the week include Paramount Trading that dropped 20 percent to an attractive $1.52, Elite Diagnostic and Lasco Financial dipping 10 percent to close at $3.35 and $2.71, respectively, Lasco Distributors lost 10 percent to $3.10 and Caribbean Cream fell 4 percent to $3.86.
In the Main Market, Guardian Holdings rose 10 percent to $550. VVM Investments dropped 7 percent to $4.07 while JMMB Group and 138 Student Living fell 9 percent to $34 and $4.50, respectively, Jamaica Broilers and VM Investments fell 7 percent to $26.35 and $4.07, respectively and Radio Jamaica lost 5 percent in closing at $1.91.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 5.6, well below the market average of 13.4. At the same time, the Junior Market Top 10 PE sits at 5.8 versus the market at 12, important indicator of the level of undervaluation of the ICTOP10 stocks. The Junior Market is projected to rise by 247 percent and the Main Market TOP10, an average now of 275 percent, to May 2023.
The Junior Market has 13 stocks representing a third of the market, with PEs from 15 to 30, averaging 20 compared with the above average of the market. The top half of the market has an average PE of 17. This data shows the extent of potential gains that the TOP 10 stocks possess. The situation in the Main Market is similar, with the 16 highest valued stocks priced at a PE of 15 to 90, with an average of 27 and 22.6 excluding the highest valued one and 19.4 for the top half excluding the highest valued stock.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market but not always. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2023 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

JSE Main Market falls on reduced trading

Declining stocks dominated trading for a second day on the Jamaica Stock Exchange Main Market on Friday after an 18 percent decline in the volume of stocks trading, with 54 percent less value than on Thursday, with trading in 49 securities down from 53 on Thursday, with 16 rising, 25 declining and eight ending unchanged.
A total of 8,629,483 shares were traded for $70,734,289 compared to 10,480,449 units at $152,509,794 on Thursday.
Trading averaged 176,112 shares at $1,443,557 versus 197,744 shares at $2,877,543 on Thursday and month to date, an average of 209050 units at $1,543,568 compared with 211,314 units at  1,550,441 on the previous day. October closed with an average of 231,243 stock units at $1,464,224.
Mayberry Jamaican Equities led trading with 1.70 million shares for 19.7 percent of total volume followed by Wigton Windfarm with 1.62 million units for 18.7 percent of the day’s trade and JMMB Group 7.35% – 2028 with 661,370 units for 7.7 percent market share.
The All Jamaican Composite Index shed 2,954.01 points to end at 380,361.84, the JS Main Index dipped 3,393.09 points to 335,377.03 and the JSE Financial Index fell 1.50 points to settle at 79.88.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.2 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
The Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and six with lower offers.
At the close, Barita Investments rallied $1.08 to $87.08 in trading 6,208 shares, Caribbean Cement climbed 99 cents to $57.99 with a transfer of 152,435 stock units, Carreras lost 40 cents in closing at $8.60 with 133,530 stocks changing hands. Eppley dropped $5 to end at $34 with an exchange of 668 units, Eppley Caribbean Property Fund popped $4.89 to finish at $44.89 with investors transferring 142 stocks, First Rock Real Estate declined 92 cents to $12.20 with the swapping of 12,491 shares. Guardian Holdings advanced $19 to close at $550 after 860 units crossed the market, Jamaica Broilers dipped $1.64 to $26.35 in trading 31,523 stock units, JMMB Group fell $1.50 to a 52 weeks’ closing low of $34 after a transfer of 78,044 stock units. Kingston Properties lost 97 cents to a 52 weeks’ closing low of $5.53 after exchanging 230,448 stocks, Kingston Wharves shed $1.40 to settle at $34 trading 7,960 units, Mayberry Investments gained 44 cents to end at $7 in switching ownership of 4,922 shares. NCB Financial rose $1.97 to close at $84.97 with 142,623 stock units clearing the market, PanJam Investment dropped $3.50 ending at $49 in an exchange of 1,159 stocks, Proven Investments declined $1 to a 52 weeks’ closing low of $26 in exchanging 16,676 shares. Sagicor Group fell 80 cents to a 52 weeks’ closing low of $49.20 as investors swapped 49,480 units, Scotia Group advanced $2.28 to close at $35.80 in trading 48,837 shares, Seprod rose $1 to end at $70 with 20,478 units changing hands and Supreme Ventures dropped $2.49 to $23.06 with 37,419 stock units crossing the market.
In the preference segmentJamaica Public Service 9.5% rallied $530.77 to end at $2,830.77 with the swapping of one stock and JMMB Group 7.25% preference share lost 42 cents in closing at $2.68 in exchanging 1,002 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Big drop for JSE Main Market

Prices on the Jamaica Stock Exchange Main Market plunged on Thursday to overwhelm those rising, following a 56 percent drop in the volume of stocks traded and a 46 percent fall in the value compared to Wednesday trading, after 53 securities were exchanged versus 56 on Wednesday, with 19 rising, 26 declining and eight ending unchanged after several stocks traded at 52 weeks’ lows.
A total of 10,480,449 shares were traded for 152,509,794 compared to 23,960,723 units at $104,197,869 on Wednesday.
Trading averaged 197,744 shares at $2,877,543 compared with 427,870 shares at $1,860,676 on Wednesday and month to date, an average of 211,314 units at $1,550,441 versus 212,403 units at $1,443,870 on the previous day. Trading in October ended with an average of 231,243 units at $1,464,224.
Wigton Windfarm led trading with 2.42 million shares for 23.1 percent of total volume and was followed by Transjamaican Highway with 2.13 million units for 20.4 percent of the day’s trade, JMMB Group with 1.91 million units for 18.2 percent of market share and Kingston Wharves with 1.0 million units for 9.6 percent of total shares traded.
The All Jamaican Composite Index dropped 6,080.71 points to 383,315.69, the JSE Main Index shed 4,910.98 points to 338,770.12 and the JSE Financial Index shed 0.76 points to close at 81.38.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.2 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
The Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and six with lower offers.
At the close, Barita Investments shed $3.47 in ending at $86 with 18,069 shares changing hands, Berger Paints rose 85 cents to $10 in switching ownership of 1,640 stocks, Carreras gained 40 cents in closing at $9 with 183,990 units crossing the market. GraceKennedy fell 99 cents to end at $85.50 with a transfer of 44,833 stock units, Guardian Holdings advanced $2.50 to close at $531 in exchanging 1,142 units, Jamaica Broilers dipped 40 cents to end at $27.99 with the swapping of 78,337 stocks. JMMB Group lost 55 cents to finish at 52 weeks’ low of $35.50 after hitting an intraday low of $30, with 1,907,834 stock units crossing the exchange, Kingston Properties declined 45 cents to close at $6.50 trading 1,977 shares, Kingston Wharves lost 60 cents in closing at $35.40 after trading at a 52 weeks’ intraday low of $30, with 1,003,077 units changing hands. Massy Holdingsfell $1 to $80 with a transfer of 16,384 stock units, Mayberry Investments lost 79 cents to end at $6.56  with 5,935 shares clearing the market, PanJam Investment dropped 50 cents to close at $52.50 after hitting a 52 weeks’ intraday low of $30 in exchanging 8,544 stocks. Portland JSX advanced $1.20 to $10.20 in trading 12 stock units, Proven Investments shed $1 to 52 weeks’ low of $27 after hitting the day’s low of $25.40 with a transfer of 22,014 units, Sagicor Group dipped 49 cents to $50 in an exchange of 108,413 stocks after the price hit a 52 weeks’ intraday low of $45.20. Scotia Group fell $1.98 to close at $33.52 with the swapping of 1,890 shares, Seprod shed $2 to $69 as investors switched ownership of 659 units, Supreme Ventures fell 45 cents to end at $25.55 in transferring 57,953 stocks and Sygnus Real Estate Finance gained 90 cents to end at $10.10 trading ten stock units.
In the preference segmentJMMB Group 7.25% preference share popped 43 cents in closing at $3.10 as investors exchanged 20 shares and Productive Business Solutions 9.75% preference share rallied $1 to $106 after trading one stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Falling JSE Main Market stocks clobber risers

At the close of the market, The volume of stocks traded on the Jamaica Stock Exchange Main Market rose 97 percent on Wednesday, with a value 14 percent lower than on Tuesday, resulting from 56 securities trading, compared to 58 on Tuesday, with 15 rising, 27 declining and 14 ending unchanged.

Palace Amusement lost $75.12 on Wednesday.

A total of 23,960,723 shares were traded for $104,197,869 versus 12,140,427 units at $121,031,433 on Tuesday.
Trading averaged 427,870 shares at $1,860,676  against  209,318 shares at $2,086,749 on Tuesday and month to date, an average of 212,403 units at $1,443,870 versus 192,426 units at $1,405,226 on the previous trading day. October averaged 231,243 units at $1,464,224.
Wigton Windfarm led trading with 18.07 million shares for 75.4 percent of total volume, followed by JMMB Group 7.35% – 2028 with 1.73 million units for 7.2 percent of the day’s trade and JMMB Group with 929,318 units for 3.9 percent market share.
The All Jamaican Composite Index fell 453.12 points to 389,396.40, the JSE Main Index advanced 1,525.74 points to 343,681.10 and the JSE Financial Index popped 0.77 points to close at 82.14.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.2 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and six with lower offers.
At the close, Berger Paints shed 85 cents to end at $9.15 with 663 shares crossing the market, Carreras fell 48 cents in ending at $8.60 after trading 180,526 units, Guardian Holdings jumped $28.50 to close at $528.50 after an exchange of 18,157 stock units. JMMB Group dipped 94 cents to a 52 weeks’ low of $36.05 in switching ownership of 929,318 stocks, Massy Holdings rallied $1 to end at $81 as investors exchanged 115,035 stocks, NCB Financial declined $1.47 to $83.03 with investors transferring 140,898 units. Palace Amusement dropped $75.12 in closing at $716.88 in transferring 40 shares, PanJam Investment lost 50 cents to close at $53 after 2,265 stock units cleared the market, Proven Investments dipped $1.30 ending at a 52 weeks’ low of $28 with an exchange of 44,415 stocks. Sagicor Group declined 51 cents to end at $50.49 in trading 35,467 shares, Scotia Group gained $1.16 to end at $35.50 with the swapping of 60,071 stock units, Supreme Ventures fell $1 to $26 after exchanging 59,226 units. Sygnus Credit Investments USD share advanced $1.57 in closing at 52 weeks’ high of $17.24 after trading 74 stocks.
In the preference segmentJamaica Public Service 9.5% dropped $800 to close at $2,300 after a transfer of 13 stock units and Productive Business Solutions 9.75% preference share shed $35 to settle at $105 with 634 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Rising Main market stocks beat losers

The Jamaica Stock Exchange Main Market slipped at the end of trading on Tuesday, following an 11 percent rise in the volume of stocks traded and the 39 percent jump in value over Monday, after trading in 58 securities up from 54 on Monday, with 31 rising, 20 declining and seven ending unchanged.
A total of 12,140,427 shares were traded for $121,031,433, up from 10,954,351 units at $87,091,829 on Monday.
Trading averaged 209,318 units at $2,086,749, versus 202,858 shares at $1,612,812 on Monday and month to date, an average of 192,426 units at $1,405,226, compared to 190,632 units at $1,332,830 on the previous day. October closed with an average of 231,243 units at $1,464,224.
Transjamaican Highway led trading with 3.05 million shares for 25.1 percent of total volume, followed by Wigton Windfarm with 2.57 million units for 21.2 percent of the day’s trade and QWI Investments with 1.26 million units for 10.4 percent market share.
The All Jamaican Composite Index fell 629.97 points to 389,849.52, the JSE Main Index shed 570.04 points to 342,155.36 and the JSE Financial Index dipped 0.57 points to 81.37.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.3 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
The Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments climbed $1.30 to $89.80 after trading 8,315 stocks, Berger Paints shed 40 cents to end at $10 while exchanging 15,262 units. Eppley Caribbean Property Fund popped $1 to $40 as investors exchanged 950 stock units, First Rock Real Estate declined 85 cents in closing at $13.15 with 10,686 units crossing the market, GraceKennedy gained $1.49 to end at $86.50 after trading 90,560 stocks. Guardian Holdings lost $19.99 in ending at $500 after a transfer of 61 stock units, Jamaica Broilers rallied $1.46 in closing at $28.48 in exchanging 2,621 shares, Jamaica Producers rose 40 cents to $18.30 in an exchange of 516 stock units. Jamaica Stock Exchange increased 50 cents to close at $15.50 with the swapping of 3,451 units, JMMB Group fell 81 cents to close at $36.99 as 79,346 stocks passed through the market, Kingston Properties dropped 42 cents to close at $6.57 with a transfer of 908 shares. Kingston Wharves rallied $1 in ending at $36, with 4,664 stocks crossing the exchange, Massy Holdings popped $2.48 in closing at $80 with an exchange of 300,853 shares, Mayberry Investments dipped 43 cents to end at $6.97 after exchanging 16,540 stock units. Mayberry Jamaican Equities advanced $1.19 to $13.19 after 10,523 units crossed the market, NCB Financial fell 50 cents to end at $84.50 with investors transferring 588,864 stock units, 138 Student Living shed 43 cents to $4.70 with 102,865 stocks changing hands. Palace Amusement jumped $72 in closing at $792, with four units clearing the market, PanJam Investment declined $1 to close at $53.50 after exchanging 14,003 shares, Proven Investments climbed 60 cents in ending at $29.30 and trading 421 shares. Sagicor Group rose $1 to $51, with 74,561 units crossing the market after the price hit an intraday 52 weeks’ low of $48.30. Scotia Group increased 83 cents to end at $34.34 with the swapping of 165 stocks, Seprod rose $1 to $71 after 4,419 stock units crossed the exchange. Supreme Ventures advanced 98 cents to $27 after an exchange of 325,615 stocks and Sygnus Credit Investments USD share increased $1.42 to close at a 52 weeks’ high of $15.67 in an exchange of 16 units.
In the preference segmentEppley 7.75% preference share popped $1.10 in closing at a 52 weeks’ high of $21.10 after a transfer of 114 shares, Productive Business Solutions 10.5% preference advanced $100 to close at $1150 in switching ownership of five shares and Productive Business Solutions 9.75% preference share dipped $5 to end at $140 in trading 10 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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