More stocks fell than rose, Jamaica Stock Exchange Main Market, the day after the national election was held in the country, returning the governing party to office, with a strong mandate for another five years, winning 49 of the 63 seats up for grabs.
At the close, the All Jamaican Composite Index advanced 980.40 points to 402,248.48, the Main Index rose 858.57 points to 367,100.77 and the JSE Financial Index added 0.25 points to close at 97.09.
Trading ended with 44 securities changing hands compared to 38 on Thursday, with the prices of 10 stocks rising, 21 stocks declining 13 remaining unchanged. One stock closed at an all-time high and one at an all-time low. The average PE Ratio of the market ended at 15.1 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with fewer shares than on Thursday, in an exchange of 5,965,849 shares for $91,526,991 compared to 7,819,711 units at $77,429,738 on Thursday. Wigton Windfarm led trading with 1.15 million shares for 19.2 percent of total volume, followed by Sagicor Select Financial Fund with 1.08 million units for 18.2 percent of the day’s trade and Wisynco Group with 1.06 million units for 17.9 percent market share.
Trading ended with an average of 135,587 units changing hands at $2,080,159 for each security, in comparison to an average of 205,782 shares at $2,037,625 on Thursday. The average trade for the month to date ended at 190,096 units at $1,492,616 for each security, in contrast to 209,284 units at $1,423,922.
Trading month to date compares adversely to August’s average of 497,441 units at $3,201,918.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows six stocks ending with bids higher than their last selling prices and one with lower offers.
At the close of the market, Berger Paints rose $1.10 to settle at $12 in exchanging 16,422 shares, Eppley climbed $2.50 in closing at an all-time high of $24.50, with 12,797 stock units passing through the market, Eppley Caribbean Property Fund shed 81 cents to end at $48.94, in trading 10,501 units. First Rock Capital advanced by $1.28 to $13.18, with an exchange of 249 units, Grace Kennedy dropped $1.49, ending at $55.51 with a transfer of 311,465 shares, JMMB Group ended 90 cents lower to settle at $30 trading 118,235 shares.
Key Insurance declined by $1.05 to settle at $8.10, in transferring 19,595 stock units, Kingston Properties fell by $1.39 to $6.30, while exchanging 100 units, Kingston Wharves closed $2.50 higher at $47.50, with an exchange of 8,801 units. NCB Financial declined $2 to $137, trading 194,240 shares, Portland JSX fell $1.48, in ending at $7.02 with 100 units changing hands. Salada Foods closed at $28, with a loss of $1 after trading 426 shares. Scotia Group climbed $1.98 to $48, with investors switching the ownership of 50 stocks, Seprod declined $2 to settle at $53, in exchanging 2,119 units, Supreme Ventures gained 31 cents to close $13.81, in transferring 8,819 stock units and Sygnus Credit Investments lost 30 cents to close at $15.05, with 5,368 stock units crossing the market.
In the preference segment, Productive Business Solutions 9.75% Preference share declined by $15 to settle at an all-time low of $80 in trading 1,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close, the All Jamaican Composite Index surged by 1,988.44 points to 401,268.08. The Main Index climbed 1,851.55 points to close at 366,242.20. The JSE Financial Index gained 0.62 points to close at 96.84.
Trading ended with an average of 205,782 units changing hands at $2,037,625 for each security, in comparison to an average of 163,141 shares at $905,683 on Wednesday. The average trade for the month to date ended at 209,284 units at $1,423,922 for each security, in contrast to 210,813 units at $957,419. Trading month to date compares adversely to August’s average of 497,441 units at $3,201,918.
Jamaica Producers fell $1 to $21, with 5,106 units crossing the market, JMMB Group rose 97 cents to close at $30.50, while transferring 41,850 shares. Key Insurance rose $1.94 to settle at $9.15, in an exchange of 184,302 shares, Kingston harves advanced to $45, with gains of $1 trading 7,600 units, NCB Financial ended 50 cents higher at $138.01 with investors swapping 38,808 shares. PanJam Investment carved out an increase of $1 to settle at $70 in trading 450 units, Sagicor Group gained 77 cents to close at $44.77 after exchanging 63,545 units. Scotia Group ended with a loss of 71 cents to end at $46.02, in clearing the market with 1,184,453 shares, Seprod gained 50 cents to finish at $55, trading 4,895 units and Supreme Ventures lost 30 cents ending at $13.50, with 5,173 units changing hands.
At the close, the All Jamaican Composite Index gained 884.00 points to close at 399,279.64, the Main Index advanced 900.71 points to 364,390.65 and the JSE Financial Index gained 0.27 points to close at 96.22.
The average trade for the month to date is 210,813 units at $957,419 for each security. Trading month to date compares adversely to August’s average of 497,441 units at $3,201,918.
Jamaica Producers Group advanced to $22, with gains of $2 and 32,899 shares changing hands, Key Insurance lost 34 cents to end at $7.21, with 5,536 stock units changing hands. Kingston Properties climbed $1.52 and ended at $7.69, in trading 4,282 stock units, Kingston Wharves rose $2 to settle at $44 with investors swapping 9,554 stock units, NCB Financial Group climbed $2.50 to end at $138.50, in trading 58,879 shares. PanJam Investment rose $2.50 to settle at $69, after exchanging 955 units, Seprod gained 50 cents in ending at $54.50, with 7,685 stock units passing through the market and Wisynco Group picked up 50 cents to close at $16.50 and 77,995 shares changing hands.
At the close, the All Jamaican Composite Index dropped 7,335.15 points to 398,395.64, the Main Index declined by 6,792.78 points to 363,489.94 and the JSE Financial Index shed 1.74 points to close at 95.95.
Trading in August averaged 497,441 units at $3,201,918.
Key Insurance gained 34 cents, to close at $7.55 with an exchange of 5,417 stock units, Kingston Properties fell by $1.03 to $6.17, with 2,407 units changing hands. Kingston Wharves dropped $8 after trading 28,483 stock units to close at $42, NCB Financial Group declined by $4 to $136, after exchanging 24,762 stocks, Palace Amusement fell $200 to end at $1,500, with a transfer of 13 units. PanJam Investment fell $4.50 to $66.50 while trading 314 shares, Proven Investments shed $1.99 to close at $36 with an exchange of 6,896 stock units, Sagicor Group finished at $44, after losing $2.42 and the transferring of 48,477 shares. Scotia Group declined by $3.49 to settle at $47 in trading 26,079 stock units and Seprod gained 50 cents to end at $54, with 1,477 units changing hands.
Trading month to date is well ahead of July with an average of 392,128 shares for $2,444,356.
JMMB Group carved out a loss 50 cents to close at $30, with 44,422 stocks crossing the market, Kingston Properties shed 40 cents in closing at $7.20 with an exchange of 169 stock units. Kingston Wharves rose 95 cents to close at $50 in exchanging 572,067 stocks, NCB Financial Group dropped $3.97 to end at $136.01 after trading 158,851 shares, Palace Amusement dropped by $50 in closing at $1700 crossing the market one stocks. PanJam Investment gained $6 to end at $71 in trading 1,520 stocks, Proven Investments advanced 40 cents to $36.50 with investors swapping 20,001 stock units, Sagicor Group shed 50 cents to close at $45 after exchanging 18,139 units. Scotia Group dropped by $2.50 in ending at $47, with an exchange of 112,320 shares and Victoria Mutual Investments gained 40 cents and closed $6.90, with investors switching ownership of 117,840 units.
Trading for the day ended with an average of 229,432 units changing hands for the day at $1,207,987 for each security, in comparison to an average of 441,246 shares at $1,282,200 on Thursday. The average trade for the month to date ended at 460,700 units at $2,591,884, in contrast to 479,152 units at $2,702,302. Trading month to date compares adversely to July with an average of 392,128 shares for $2,444,356.
Jamaica Stock Exchange fell 35 cents to settle at $20.14 with 3,815 stock units traded, JMMB Group advanced 60 cents to close at $31.30 with investors switching ownership of 38,865 units, Kingston Properties finished 40 cents higher at $7.60 with 250 stock units changing hands. Kingston Wharves declined by 90 cents to end at $49.10 with an exchange of 3,134 units, NCB Financial Group increased by $1 to close at $139, with 30,821 stocks traded, PanJam Investment climbed $3.50 to end at $68 with investors transferring 932 stock units. Proven Investments carved out a loss of $1.75 to finish at $34.10 with 40,514 stock units changing hands, Scotia Group climbed $1.75 to settle at $48 in the exchange of 27,903 stock units, Seprod dropped 50 cents to end at $54.50 with 5,874 stock units traded and Wisynco Group carved out a loss of 50 cents to close at $16.90 with 48,649 stock units crossing the exchange.
At the close, the All Jamaican Composite Index lost 1,637.5 points to settle at 401,775.12, the Main Index lost 1,462.96 points to end at 366,695.36, the JSE Financial Index shed 0.01 point to close at 95.95.
Also trading over a million units are Pulse Investments with 1.55 million shares and Sagicor Select Financial Fund 1.25 million units.
Kingston Properties gained $1.04 to end at $7.20 in an exchange of174 stocks, Kingston Wharves dropped by $5 to close at $49 changing hands 600 units, NCB Financial Group increased $7 to close at $138 after exchanging 98,898 shares. 138 Student Living declined by $1.18 ending at $5.80 after exchanging 325 units, PanJam Investment fell $7 in ending at $65 and exchanging 205 stock units, Proven Investments lost $1.92 to end at $34.02, with 200 stock units changing hands, Scotia Group increased 50 cents to settle at $46.50 with investors swapping 1,500 units. Seprod lost 85 cents to close at $54.15 with an exchange of 325 units and Wisynco Group dropped by 70 cents in closing at $16.55 after exchanging 50,260 stock units.
At the close, the All Jamaican Composite Index lost 1,959.50 points to settle at 403,412.62, the Main Index shed 1,852.03 points to close at 368,158.32 and the JSE Financial Index dipped 0.13 points to end at 95.96.
Trading month to date compares well, with July that ended with an average of 392,128 shares for $2,444,356.
Mayberry Investments advanced by 75 cents in closing at $5.85, with 36,930 units passing through the market, MPC Caribbean Clean Energy lost $10.99 to close at $152.01 after exchanging 123 stock units, NCB Financial Group declined by $7.50 to close at $131 and finishing with 199,286 stock units crossing the exchange. Palace Amusement rose 50 cents to close at $1,552 after clearing the market with 19 units, PanJam Investment climbed $2 to close at $72 with investors swapping 3,804 stocks, Proven Investments rose $2.04 to close at $35.94 and finishing trading of 18,376 shares. Salada Foods carved out a gain of $1 to settle at $29 with investors swapping 50 units, Scotia Group rose $1 to end at $46, with 1,660 stock units changing hands, Seprod carved out a gain of $1 to settle at $55 in trading 16,225 stock units. Stanley Motta fell 33 cents in finishing at $4.80 trading 1,000 stocks and Sygnus Credit Investments lost 39 cents to end at $15.50, with 22,258 shares clearing the market.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows one stock ended with the bid higher than the last selling price and three with lower offers.
Mayberry Jamaican Equities lost 65 cents to end at $8.10 with an exchange of 7,945 shares, MPC Caribbean Clean Energy climbed $11 to $163 in trading just one share, Palace Amusement dropped $138.50 to $1,551.50, with nine units crossing the market. PanJam Investment lost $2 to end at $70 trading 3,160 units, Portland JSX advanced by 38 cents to close at $7.88 with an exchange of 9,700 stocks, Salada Foods rose $3 to $28 in trading 13,594 stock units. Scotia Group gained 95 cents in ending at $45 while exchanging 11,930 stock units and Seprod lost 99 cents to end at $54 and crossing the exchange with 26,126 stocks.
Trading ended with an average of 909,763 units changing hands for the day at $3,152,673 for each security, in comparison to an average of 152,000 shares at $1,199,070 on Wednesday. The average trade for the month to date ended at 401,777 units at $1,737,639 for each security, in contrast to 330,159 units at $1,538,143 on Wednesday. Trading month to date compares well to July with an average of 374,929 units at $2,445,605 (392,128 shares for $2,444,356.
Kingston Wharves climbed 50 cents to $53, with just 2,071 units passing through the market, Mayberry Investments carved out a loss 75 cents to settle at $5.15 in an exchange of 19,239 shares, Mayberry Jamaican Equities dropped by 45 cents to close at $8.75 with investors wapping 152,360 units. NCB Financial climbed $7.88 trading 65,722 stock units at $137.90, PanJam Investment rose $1.75 to end at $68.50, with 11,860 shares changing hands, Proven Investments dropped $1.90 in ending at $33.80, with 2,500 stocks passing through the market. Sagicor Group increased by $4 to close at $44 in exchanging 682,448 stocks, Salada Foods shed $2 to settle at $25 after exchanging 42,000 units, Scotia Group dropped $1.73 to end at $46 in an exchange of 3,707 stocks. Seprod lost $2.24 to close at $54 in an exchange of 16,518 stocks, Stanley Motta rose 38 cents to settle at $5.13 with investors switching ownership of 37 shares, Supreme Ventures lost 65 cents to end at $14.50 with investors trading 152,771 shares. Victoria Mutual Investments declined by 37 cents to $6.57 with 69,669 stock units changing hands and Wisynco Group gained 58 cents to end at $17.79, with 11,650 stocks clearing the market.