JSE main market drop

The major indices on the Jamaica Stock Exchange lost more ground on Monday following Friday’s 5,000 points fall as trading resulted in lower volumes and higher value passing through the market, with investors having some new stock offers in which to invest.
At the close of trading, the All Jamaican Composite Index shedding 3,914.87 points to close at 547,614.48, while the JSE Index dropped 3,497.38 points to 498,675.40 and the JSE Financial Index lost 1.38 points to close at 134.92.
The market closed with 40 securities changing hands in the main and US dollar markets with 7 rising, 21 declining and 12 closing unchanged. Main market activity ended with 37 securities accounting for 26,997,864 units valued at $314,531,311 in contrast to 43,823,390 units for $226,040,673 on Friday, from 33 securities.
Sagicor Select Funds dominated trading with 12.4 million shares for 46 percent of total volume, followed by Wigton Windfarm with 7 million units accounting for 25.8 percent of the day’s trade and Jamaica Broilers with 2.3 million shares and 8.4 percent. QWI Investments traded 1.2 million shares and Sagicor Group 1 million units to be the other entities trading more than a million shares.
The market closed with an average of 729,672 units valued at an average of $8,500,846 for each security traded. In contrast to 1,327,982 units for an average of 6,849,717 on Friday. The average volume and value for the month to date amounts to 533,330 units valued at $4,098,200 and previously, an average of 516,075 units valued at $3,676,184 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ending with bids higher than their last selling prices and 7 with lower offers. The PE ratio of the market ended at 17.3, with the main market stocks ending at 18 times 2019 current year’s earnings.
In main market activity, Barita Investments closed 70 cents lower to $70.30 in trading 3,527 shares, Berger Paints dropped $1 to settle at $17, after exchanging 57,618 units, Caribbean Cement lost 50 cents swapping 180,833 shares, to end at $75. Carreras gained 44 cents to close at $8.74, with 51,623 shares changing hands, Eppley closed $1.84 lower to $14.16 with 1,310 units crossing the exchange, Grace Kennedy dropped $2 in ending at $63 and trading 38,275 shares, Jamaica Broilers slid $2 and closing at $33 with of 2,264,273 shares changing hands. Jamaica Stock Exchange dropped $4.80 to settle at $28.20, after swapping 329,832 shares, following the release of nine results last week, showing the stock price to be overly extended, at a PE ratio of well over 30. Kingston Wharves fell 50 cents to $60 with 2,974 units changing hands, Mayberry Investments lost $2 to close at $8, with 300,000 units traded, Mayberry Jamaican Equities ended the day’s trade at $11.25, after losing 75 cents with an exchange of 4,126 units. NCB Financial gained to close at $210 after trading 240,157 units, Sagicor Real Estate Fund added 50 cents to end at $11.30 with 35,054 shares crossed the exchange, Scotia Group declined 55 cents to end at $55, in trading 379,879 shares. Stanley Motta lost 55 cents to close at $5.45, with 2,000 shares crossing the exchange, Supreme Ventures ended at $26, falling 50 cents and trading 48.778 units, ending the day’s trade at $23 and Wisynco Group settled at $23 after falling 50 cents and previously trading as high as $26, early in the trading session with 616,356 shares changing hands. The increased interest comes as reports are that the company is enjoying strong sales in the final quarter of the year.
Trading in the US dollar market closed with 475,526 units valued at US$135,657, with the market declining 13.24 points to close at 208.70. Proven Investments gained 2.5 US cents to close at a 52 weeks’ closing high of 33 US cents after exchanging 445,794 units, Sterling Investments closed at 2.2 US cents after falling 0.2 US cents in trading 22,803 units and Sygnus Credit Investments closed at 14 US cents with 6,929 units changing hands.

Sizable gains for JSE main market

Market activity on the Junior Market resulted in the major indices recording more gains on Thursday and bringing the increase for the week to 11,719.17 points as the market continues to recover from its 42,772.34 fall from the peak in early August.
The market closed with the All Jamaican Composite Index climbing 2,648.71 points to 556,709.48, the JSE Index advancing 2,402.96 points to 506,866.54 and the JSE Financial Index posting 0.66 points to end at 137.80.
The market activity led to 38 securities changing hands in the main and US dollar markets with 14 advancing, 13 declining and 11 trading firm. Main market activity ended with 36 securities accounting for 24,330,188 units valued at $89,041,566 in contrast to 20,477,665 units valued at $53,408,633 on Wednesday from 33 securities.
Sagicor Select Funds dominated trading with 10.8 million shares for 44 percent of total volume, followed by Wigton Windfarm with 7.8 million units accounting for 32 percent of the day’s trade and QWI Investments with 4 million shares and 16 percent. 1834 Investments closed at a 52 weeks’ high of $1.25 after trading at $1.26 earlier, while Proven Investments US dollar listed stock traded at a 52 weeks’ high of 30.5 US cents.
The market closed with an average of 675,839 units valued at an average of $2,473,377 for each security traded, in contrast to 619,626 units for an average of 1,618,443 on Wednesday. The average volume and value for the month to date amounts to 447,021 units valued at $3,379,509 and previously, an average of 423,619 units valued at $3,482,413 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ending with bids higher than their last selling prices and 6 with lower offers. The PE ratio of the market ended at 17.1, with the main market ending at 17.8 times 2019 current year’s earnings.
In main market activity, Caribbean Cement traded 5,290 stock units and closed at $75.50, after losing $1.49, Eppley Caribbean Property Fund gained $1 to settle at $36, with 9,750 shares changing hands, Grace Kennedy closed $1 higher to $$67, in swapping 12,774 units. Jamaica Broilers added 62 cents to close at $36.42, trading 12,749 shares, Jamaica Producers lost 39 cents to end at $24.05, with an exchange of 11,146 shares, Jamaica Stock Exchange lost 44 cents to settle at $34.56 after 21,889 stock units passed through the market. Kingston Properties lost 62 cents while trading 1,680 units, to end at $5.30, Kingston Wharves gained $1 to close at $61 with 820 shares changing hands, Mayberry Investments closed 70 cents lower to $7.40, with 8,910 units traded, Mayberry Jamaican Equities lost 30 cents to end at $12 exchanging 5,350 shares. NCB Financial ended at $213.10, after rising $1.10 with a transfer of 131,716 units, Portland JSX closed at $8.10, after losing 40 cents with 100 units trading, Salada Foods dropped $1, in ending at $29 with 500 units crossing the exchange. Seprod rose by $1.03 to $51.53, with 8,274 shares changing hands, Supreme Ventures gained 49 cents, ending the day’s trade at $26.49 with 76,054 shares traded, Victoria Mutual Investments closed 30 cents higher to settle at $8.30, with 272,572 shares changing hands and Wisynco Group lost 50 cents to close at $23, with 57,193 shares crossing the exchange.
Trading in the US dollar market closed with 5,449,518 units valued at US$1,638,052 with the market adding 1.77 points to close at 210.34. Proven Investments traded 5,306,625 units at 30 US cents and Sygnus Credit Investments closed at 14 US cents with 142,893 units changing hands.

Big jump in JSE main market index

The bounce in JSE main market continues and is poised to move higher.

The All Jamaican Composite Index soared 6,520.42 points to close at 553,783.03, the JSE Index advanced 5,843.29 points to 504,211.92 and the JSE Financial Index gained 1.40 points to close at 136.70.
The market closed with 38 securities changing hands in the main and US dollar markets with 12 advancing, 15 declining and 11 trading firm. Main market activity ended with 35 securities trading, accounting for 14,472,152 units valued at $103,787,768 in contrast to 33,964,316 units valued at $265,890,078 on Monday from 37 securities.
Sagicor Select Funds dominated trading with 6.9 million shares for 48 percent of total volume, followed by Wigton Windfarm with 4.1 million units accounting for 28 percent of the day’s trade and QWI Investments with 1.8 million shares for 12 percent of stocks traded.
The market closed with an average of 413,490 units at $2,965,365 for each security traded, in contrast to 917,954 units at an average of $7,186,218 on Monday. The average volume and value for the month to date amounts to 403,342 units valued at $3,699,001 and previously, 402,092 units at $3,802,123 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 12 stocks ending with bids higher than their last selling prices and 3 with lower offers. The PE ratio of the market ended at 16.7 with the main market at 17.4 times 2019 current year’s earnings.
In main market activity, Barita Investments gained 80 cents to close at $71 with 10,393 shares changing hands, BergerPaints ended at $18.50, after adding 50 cents trading 7,000 stock units, Eppley Caribbean Property Fund dropped $1.99 to settle at $35, with 6,000 units crossing the exchange. Grace Kennedy closed 31 cents lower to $67, in swapping 17,324 shares, Jamaica Broilers lost 98 cents to close at $35.02, after exchanging 41,351 stock units, Jamaica Producers climbed $2.50 to end at $24 trading 78,607 shares after the company posted results with a doubling in the third-quarter profit. Kingston Wharves advanced to $60, after climbing $3 with 150 units traded, on positive third-quarter results, Mayberry Equities added 30 cents to close at $11.30 after exchanging 7,017 stock units, NCB Financial ended at $209, after losing $1 in swapping 234,698 shares. PanJam Investment climbed $3.85 to $102.85, with 5,100 units changing hands, Portland JSX lost 50 cents to close at $8.50 while exchanging 100 units. Seprod settled at $51, after losing $2 from swapping 8,225 shares, Supreme Ventures added 50 cents, ending the day’s trade at $26.50 with 32,600 shares changing hands and Victoria Mutual Investments closed 39 cents lower to settle at $7.60 trading 94,354 shares.
Trading in the US dollar market closed with 80,977 units valued at US$22,298, with the market climbing 3.93 points to close at 198.49. Proven Investments traded 69,615 units to close at 30 US cents, Sygnus Credit Investments closed at 14 US cents with 10,467 units changing hands and JMMB Group 5.75% preference share exchanged 895 units and ended the day’s trade at US$2.02.

Bounce for JSE main market

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The main market of the Jamaica Stock Exchange rebounded with a sizable uptick in the major indices, fueled by higher volume and value than the previous day’s levels.
At the close, the JSE All Jamaican Composite Index jumped 3,064.94 points to close at 544,990.31, the JSE Index climbed 2,772.23 points to 496,314.03 and the JSE Financial Index gained 1.51 points to end at 134.81.
The market closed with 37 securities changing hands in the main and US dollar markets with 15 rising, 8 declining and 14 trading firm. Main market activity ended with 36 securities accounting for 16,549,353 units valued at $101,400,917 in contrast to 13,816,242 units valued at just $50,442,551 on Thursday from 33 securities.
Sagicor Select Funds dominated trading with 6.6 million shares for 40 percent of total volume, followed by Radio Jamaica with 4.3 million units accounting for 26 percent of the day’s trade and Wigton Windfarm with 2.6 million shares for 16 percent of shares changing hands. QWI Investments closed at a new low of $1.02 to 23 percent below its net asset value of $1.32.
The market closed with an average of 459,704 units valued at an average of $2,816,692 for each security traded, in contrast to 418,674 units valued at an average of $1,528,562 on Thursday. The average volume and value for the month to date amounts to 324,817 units valued at $3,211,502 and previously, an average of 361,820 units valued at $3,292,259 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 13 stocks ending with bids higher than their last selling prices and 4 with lower offers. The PE ratio of the market ended at 17.1, with the primary market ending at 18 times 2019 current year’s earnings.
In main market activity, Barita Investments gained $1.02 to close at $70.02 trading 17,701 shares, Berger Paints added 50 cents to settle at $18.50, after exchanging 3,600 shares, Carreras traded 611,160 shares, rising by 29 cents to $8.74. Eppley Caribbean Property Fund closed at $37, after gaining $1.87 with 2,640 shares changing hands. Grace Kennedy ended at $67, losing 50 cents trading 15,132 stock units, Jamaica Broilers gained 70 cents to settle at $35.70, with 3,375 units crossing the exchange, JMMB Group rose to $43, after gaining 99 cents in swapping 36,657 shares. MPC Caribbean Clean Energy plunged $25 to $230 in trading 504 units, PanJam Investment dropped $5.25 to $97.50, with an exchange of 1,000 stock units, Portland JSX Fund gained 90 cents in swapping 100 units at $9. Salada Foods ended the day’s trade at $32.50 rising $2.50 with 1,000 units crossing the exchange, Scotia Group advanced $1.50 to $55, after exchanging 808,733 shares and Victoria Mutual Investments closed $1 lower to settle at $7 with 77,650 shares changing hands.
Trading in the US dollar market closed with 12,566 units valued at US$1,758, with the market remaining at 193.62. Sygnus Credit Investments, the sole trade ended the day unchanged at 14 US cents.

JSE main market drops

The main market of the Jamaica Stock Exchange lost ground for a second day as the value of stocks traded plunged to just $50 million, significantly below the previous day’s level.
The JSE All Jamaican Composite Index declined 1,404.63 points to close at 541,925.37, the JSE Index slipped 1,247.57 points to 493,541.80 and the JSE Financial Index dipped 1.17 points to close at 133.30.
The market closed with 36 securities changing hands in the main and US dollar markets with 12 rising, 13 declining and 11 trading firm. Main market activity ended with 33 securities accounting for 13,816,242 units valued at $50,442,551 in contrast to 10,781,818 units valued at $130,615,509 on Wednesday from 35 securities.
Sagicor Select Funds dominated trading with 9.8 million shares for 71 percent of total volume, followed by Wigton Windfarm with 2.2 million units accounting for 16 percent of the day’s trade and QWI Investments with 596,392 shares for 4 percent of the market’s volume.
The market closed with an average of 418,674 units at $1,528,562 for each security traded, in contrast to 308,052 units valued at an average of $3,731.872 on Wednesday. The average volume and value for the month to date amounts to 361,820 units valued at $3,292,259 and previously, an average of 348,700 units for $3,699,266 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 14 stocks ending with bids higher than their last selling prices and 2 with lower offers. The PE ratio of the market ended at 17, with the main market ending at 17.8 times 2019 current year’s earnings.
In main market activity, Barita Investments lost $1.50 to close at $69 after exchanging 31,066 shares, Berger Paints gained 89 cents with 560 units changing hands to end at $18, Caribbean Cement climbed $3.50 and settling at $78.50 with 7,744 shares changing hands. Carreras lost 35 cents to close at $8.45, in swapping 42,330 shares, Eppley Caribbean Property Fund closed at $35.13, after gaining 63 cents and trading 1,080 stock units, Jamaica Broilers lost $1.62 with an exchange of 5,714 shares to end at $35. Jamaica Producers closed $1.85 lower at $22, with 1,471 units changing hands, JMMB Group rose $2.01 to $42.01 with 10,947 shares crossing the exchange, Mayberry Investments lost 80 cents to close at $7.20 trading 7,600 shares, Mayberry Equities dropped 79 cents lower to $10, in swapping 710 units. Scotia Group dived $4.50 in exchanging 61,697 shares, to end at $53.50, Seprod closed $2.49 lower to settle at $52.51 with 5,802 units traded, Supreme Ventures lost 49 cents to close at $25.50, with 85,262 shares changing hands and Wisynco ended at $24, after rising 35 cents with 130,458 shares crossing the exchange.
Trading in the US dollar market closed with 755,660 units valued at US$196,773, with the market losing 0.45 points to end at 193.62. Proven Investments lost a fraction of a cent trading 750,000 units to close at 26 US cents, Sygnus Credit Investments exchanged 4,900 units at 14 US cents and JMMB Group 6% preference share closed at US$1.01 with 760 units changing hands.

Modest fall for JSE majors

The main market of the Jamaica Stock Exchange slid modestly on Wednesday, as trading levels compared well to those on Tuesday.
The market closed with 36 securities changing hands in the main and US dollar markets with the prices of 9 advancing, 19 declining and 5 trading firm. Main market activity ended with 35 securities accounting for 10,781,818 units changing hands valued $130,615,509, in contrast to 8,271,382 units changing hands valued at $138,889,143 on Tuesday from 32 securities.
At the end of market activities, the JSE All Jamaican Composite Index declined 243.30 points to close at 543,330.00, the JSE Index dipped 174.77 points to close at 494,789.37 and the JSE Financial Index advanced by 0.37 points to 134.47.
Sagicor Select Funds dominated trading with 3.4 million shares for 31.5 percent of total volume, followed by Wigton Windfarm with 3.1 million units accounting for 29 percent of the day’s trade. Wisynco Group with increased buying interest since releasing first-quarter results to September traded 1.66 shares for 15 percent of the market’s volume.
Trading levels continue well below October levels, with an average of 308,052 units valued at an average of $3,731,872 for each security traded on Tuesday, in contrast to 258,481 units for an average of $4,340,286 on Wednesday. The average volume and value for the month to date amounts to 348,700 units at $3,699,266 and previously, of 361,874 units at $3,688,699 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 15 stocks ending with bids higher than their last selling prices and 2 with lower offers. The PE ratio of the market ended at 17.1, with the leading market ending at 17.9 times 2019 current year’s earnings.
In main market activity, Barita Investments lost 98 cents to close at $70.50 after exchanging 14,342 shares, Jamaica Broilers traded 8,560 stock units and rose $2.62 to settle at $36.62, Jamaica Producers closed at $23.85, after gaining $1.90 in the swapping of 721,500 units. JMMB Group closed $1 lower to $40, with 6,664 stock units changing hands, Mayberry Investments lost 84 cents in trading 11,400 stock units to end at $8, MPC Caribbean Clean Energy dropped $5 to close at $255 after exchanging 664 shares. NCB Financial rose by $1 to end at $205 after the swapping of 124,823 shares, Panjam Investment climbed by $5.30 to settle at $102.75 trading 188,775 stocks units, Portland JSX Fund lost 90 cents in trading 45,500 shares to close at $8.10, Scotia Group climbed $1.89 trading 67,916 shares, to end at $58. Supreme Ventures added 99 cents to close at $25.99 with 51,718 shares changing hands, Victoria Mutual Investments gained 34 cents to $7.85 while exchanging 158,812 stock units and Wisynco Group gained 65 cents, in swapping 1,657,038 shares to close at $23.65.
Trading in the US dollar market ended with just 1,237 units valued at US$173 with the market index remaining at 194.07 as Sygnus Credit Investments, the sole traded stock, closed unchanged at 14 US cents.

Falling prices dominate JSE trading

Falling prices dominated trading on the main market of the Jamaica Stock Exchange slid on Tuesday, as trading volume fell significantly while the value of stocks traded, rose marginally, compared to Monday’s activity.
Trading closed with 33 securities changing hands in the main and US dollar markets with the prices of 9 advancing, 20 declining and 4 trading firm. Main market activity ended with 32 securities accounting for 8,271,382 units changing hands valued at $138,889,143, in contrast to 19,703,423 units valued at $146,119,200 on Monday from 38 securities.
At the close of trading, the JSE All Jamaican Composite Index declined 2,084.95 points to close at 543,573.30, the JSE Index dipped 1,975.07 points to 494,964.14 and the JSE Financial Index slipped 0.81 points to close at 134.10.
Wigton Windfarm dominated trading with 2.3 million shares for 28 percent of total volume, followed by Sagicor Select Funds with 2.2 million units accounting for 26 percent of the day’s trade and PanJam Investment with 806,619 shares for 10 percent of the market’s trade.
Trading levels declined sharply to about a third of levels in October with an average of 258,481 units valued at an average of $4,340,286 for each security trading on Tuesday, in contrast to 518,511 units valued at an average of $3,845,242 on Monday. The average volume and value for the month to date amounts to 361,874 units at $3,688,699 and previously, an average of 405,407 units valued at $3,414,347 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ending with bids higher than their last selling prices and 5 with lower offers. The PE ratio of the market ended at 17.1 with the main market ending at 17.9 times 2019 current year’s earnings.
In main market activity, Barita Investments climbed $1.28 to close at $71.48 after exchanging 61,100 shares, Caribbean Cement traded 30,053 stock units and slid $2.50 to settle at $75, Eppley Caribbean Property Fund closed at $34.50, after losing 50 cents in swapping 2,780 units. Grace Kennedy gained $1.49 to end at $67.49, with 2,517 shares crossing the exchange, JMMB Group closed $1 lower to $41, with 15,140 stock units changing hands, Kingston Wharves rose to $57 with a gain of $3 while exchanging 16,926 shares. Mayberry Investments closed $1.62 higher at $8.84 trading 1,200 stock units, NCB Financial ended at $204 after losing $1 in swapping 59,120 shares, Pulse Investments closed at $4.65, after climbing 75 cents with 37,707 units traded. Sagicor Real Estate Fund lost 50 cents, to settle at $11 swapping 17,900 shares, Salada Foods lost $2 exchanging 4,418 stock units to end at $30, Scotia Group dropped $2.88 trading 31,860 shares, to end at $56.11, Seprod added 40 cents to settle at $55 with 6,589 units traded. Supreme Ventures lost 99 cents to close at $25 with 18,415 shares changing hands, VM Investments fell 37 cents to $7.51 while exchanging 128,063 stock units and Wisynco Group slipped $1, in swapping 267,872 shares to close at $23.
Trading in the US dollar market ended with 7,000 units valued at US$980 with the market index remaining at 194.07 as Sygnus Credit Investments, the sole trade exchanged 7,000 units at 14 US cents.

Big gains for JSE main market

Proven Investments closed at a record high on the JSE main market.

Stocks continue to rebound on the Jamaica Stock Exchange on Monday with a four-digit rise in the market index as trading volume rose 77 percent, with 39 securities traded with 15 advancing, 12 declining and 12 trading firm in the US dollar and main markets.
After falling moderately on Friday the market made strong gains on Monday as the JSE All Jamaican Composite Index climbed 2,578.73 points to close at 545,658.25, the JSE Index advanced 2,362.71 points to 496,939.21 and the JSE Financial Index gained 0.50 points to close at 134.91.
Main market activity, closed with 38 securities trading, leading to 19,703,423 units valued at $146,119,200 crossing the exchange, in contrast to 11,107,535 units valued at $113,371,137 on Friday also with 38 securities trading.
Sagicor Select Funds dominated trading with 12.7 million shares for 64 percent of total volume, followed by Wisynco Group with 2.5 million units accounting for 13 percent of the day’s trade following the release of a 53 percent rise in September quarter profit and Wigton Windfarm with 2.24 million shares for 11 percent of the market’s trade. Also trading more than 1 million shares was QWI Investments with 1.1 million units. Proven Investments closed at a 52 weeks’ high while MPC Clean Energy hit a record high of $275 but close back at Fridays’ close of $260.
The market closed with an average of 518,511 units valued at an average of $3,845,242 for each security traded, in contrast to 292,304 units valued at an average of $2,983,451 on Friday. The average volume and value for the month to date amounts to 405,407 units valued at $3,414,347 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ended with bids higher than their last selling prices and 5 with lower offers. The PE ratio of the market ended at 17.1 with the main market ending at 17.9 times 2019 current year’s earnings.
In main market activity, Barita Investments lost 30 cents to close at $70.20 trading 63,281 shares, Berger Paints ended at $17.11, after losing 46 cents in exchanging 4,690 shares, following a release from the company that they changed general manager at the end of October. Caribbean Cement gained 50 cents to settle at $77.50, with 548,786 shares changing hands, Carreras closed 70 cents higher to $8.60, trading 6,050 shares, Eppley Caribbean Property Fund settled at $35, after gaining $1 in swapping just 100 units. Eppley climbed $1.50 to close at $16, in trading 500 shares, Jamaica Producers slid $2, ending at $22 with an exchange of 15,100 shares, Jamaica Stock Exchange gained 90 cents to close at $30, with 5,509 shares crossing the exchange. JMMB Group closed 70 cents lower at $42 after trading 16,521 shares, Kingston Wharves lost $1.40 to close at $60, with 1,400 shares changing hands, PanJam Investment closed at $97.50, after losing 50 cents with 140 shares traded, Portland JSX gained 50 cents, ending at $9 after swapping 200 units. Proven Investments jumped $2 in trading 621 shares to end at a 52 weeks’ high of $47, Pulse Investments lost 50 cents exchanging 52,397 shares and closed at $3.90, Seprod climbed $2.10 to $54.60 with 5,558 units traded and Wisynco Group added 50 cents, in swapping 2,511,617 shares to close at $24 following release of very positive quarterly results last week.
Trading in the US dollar market ended with 751,000 units valued US$196,441 with the market index losing 8.72 points to close at 194.07 as Proven Investments, the sole trade, lost 1 US cent to close at 26.01 US cents after slipping 1 cent.

Soft November start for JSE main market

The main market of the Jamaica Stock Exchange opened November with the major indices falling marginally as declining stocks beat out rising ones.
At the close, the JSE All Jamaican Composite Index declined 674.79 points to close at 543,079.52; the JSE Index lost 611.43 points to 494,576.50 and the JSE Financial Index was down 0.15 points to close at 134.41.
Trading closed with 40 securities changing hands in the main and US dollar markets with 12 advancing, 18 declining and 10 traded firm. Main market activity ended with 38 securities trading 11,107,535 units valued at $113,371,137, in contrast to 38,125,741 units valued at $101,388,568 on Thursday with 40 securities trading.
Sagicor Select Funds dominated trading with 3.8 million shares for 34 percent of total volume, followed by Wigton Windfarm with 3.1 million units accounting for 28 percent of the day’s trade and Wisynco with 816,449 shares for 7 percent of the market’s trade.
The market closed with an average of 292,304 units valued at $2,983,451 for each security traded, in contrast to 953,144 units valued at an average of $2,534,714 on Thursday. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 1 with lower offers. The PE ratio of the market ended at 17 with the main market ending at 17.8 times 2019 current year’s earnings.
In main market activity, Barita Investments gained 50 cents to close at $70.50 after trading 55,812 shares, Caribbean Cement lost 50 cents to end at $77, after exchanging 52,135 units, Carreras dropped 90 cents trading 612,631 stock units to settle at $7.90, Eppley dropped $1.50 to close at $14.50, after swapping 680 shares. Grace Kennedy closed $1.49 lower to $66, with 77,510 stock units changing hands, Jamaica Producers gained $1.10, ending at $24 with 3,651 units traded, Jamaica Stock Exchange lost 40 cents to close at $29.10, with 43,202 shares crossing the exchange. JMMB Group closed 30 cents lower at $42.70 in trading 19,543 stock units, Mayberry Investments lost 35 cents, to settle at $7.15 with 215,225 shares changing hands, NCB Financial gained $2 to close at $205, after swapping 43,196 stock units. PanJam Investment closed at $98, after losing $2 with 19,021 units traded, Pulse Investments lost 30 cents exchanging 17,920 shares to end at $4.40, Sagicor Group declined $2 to $64, with 53,384 shares traded. Sagicor Real Estate Fund closed 39 cents lower at $11.50, in swapping 44,315 stock units, Salada Foods advanced $2.70 to $32, in exchanging 26,000 units, Scotia Group climbed $3.99 and ended at $58.99, trading 603,998 shares, Seprod closed $1.50 lower to $52.50 with 2,003 units traded. Stanley Motta lost 54 cents to end at $5.20, with 19,600 shares changing hands, Supreme Ventures gained 83 cents to close at $25.98, with an exchange of 472,471 shares and Wisynco Group surged $1.50 in swapping 816,449 shares to close at $23.50 as investors responded positively to the Group’s strong September quarterly results with profit jumping 53 percent.
Trading in the US dollar market ended with 42,285 units traded at US$1,396 with the market index gaining 0.23 points to close at 202.79. Sterling Investments gained 0.2 US cents trading 39,000 units to close at 2.4 US cents and Sygnus Credit Investments exchanged 3,285 shares at 14 US cents.

Strong JSE month end rise

The main market of the Jamaica Stock Exchange ended October on the up but is down a significant 23,316.22 points for the month and 7 percent below the peak reached in early August.  
At the close, the JSE All Jamaican Composite Index climbed 3,949.97 points to close at 543,754.31, the JSE Index advanced 3,577.89 points to 495,187.93 and the JSE Financial Index gained 0.33 points to close at 133.41.
Trading closed with 44 securities changing hands in the main and US dollar markets with 21 stocks advancing, 11 declining and 12 traded firm. Main market activity ended with 40 securities trading 38,125,741 units valued at $101,388,568, in contrast to 29,380,399 units valued at $238,224,184 on Tuesday with 38 securities trading.
Wigton Windfarm dominated trading with 30 million shares for 80 percent of total volume, followed by Sagicor Select Funds with 3.25 million units accounting for 9 percent of the day’s trade and Carreras with 1.2 million shares for 3 percent of the market’s trade.
The market closed with an average of 953,144 units valued at $2,534,714 for each security traded, in contrast to 773,168 units valued at an average of $6,269,057 on Tuesday. The average volume and value for the month to date amounts to 957,274 units valued at $13,330,997 and previously an average of 957,488 units valued at $13,947,047 for each security traded. The market closed out September with an average of 1,585,081 units valued at $14,071,562 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 19 stocks ended with bids higher than their last selling prices and just 1 with a lower offer. The PE ratio of the market ended at 17.1 with the main market ending at 17.9 times 2019 current year’s earnings.
In main market activity, Barita Investments lost $1 to settle at $70 trading 33,922 shares, Caribbean Cement ended at $77, after gaining 50 cents in exchanging 7,900 shares, Carreras ended with 1,216,915 shares trading and gained 90 cents to close at $8.80. Eppley Caribbean Property Fund added $2 and closed at $34 with 1,000 shares changing hands, Eppley gained 50 cents to close at $16, in swapping 100 shares, Grace Kennedy jumped $1.32 while exchanging 17,906 shares, to end at $67.49. Jamaica Broilers closed 85 cents higher at $34 with 13,729 shares changing hands, Jamaica Stock Exchange rose 58 cents to $29.50 in trading of 104,408 shares, MPC Caribbean Clean Energy rose to another record high with a gain of $5 to close at $260, after trading of 500 shares. Investors in the stock were responding to the 3 for 1 rights issue scheduled for November at $140 per share. NCB Financial declined to $203, after losing $2 in exchanging 27,999 shares, 138 Student Living closed 50 cents higher to end at $4 with 100 shares changing hands, PanJam Investment closed at $100, after rising $2.05 with an exchange of 20,250 shares. Proven Investments traded 515 shares and jumped $5 to end at $45, Sagicor Real Estate Fund rose 29 cents to $11.89 with an exchange of 30,100 shares, Salada Foods added 30 cents to settle at $29.30 after 2,832 shares crossed the exchange. Scotia Group gained $1.70 to close at $55 as investors swapped 22,215 shares, Seprod jumped $2.32 to close at $54, trading 47,960 units, Stanley Motta closed at $5.74 with a rise of 34 cents, after exchanging 46,937 shares. Sygnus Credit Investments closed 24 cents lower to end at $21.26 after trading 54,201 shares and Wisynco Group rose $1 exchanging 1,044,580 shares to close at $22 before the company reported a 53 percent rise in profit for the September quarter.
Trading in the US dollar market ended with 26,512 units valued at US$6,713 with the market index rising 9.18 points to close at 202.56. Productive Business Solution increased 2.5 cents and completed trading at 60 US cents exchanging 6,800 shares, Proven Investments lost 0.9 US cent trading 7,692 units to close at 27 US cents, Sterling Investments lost half a cent and closed at 2.2 cents US after trading 10,000 shares and Sygnus Credit Investments exchanged 2,020 shares to end at 14 US cents.