Stocks closed mixed on the Jamaica Stock Exchange Main Market on Monday, resulting in market indices rising moderately, with the volume of stocks traded remaining subdued with 49 percent more volume passing through the market compared to Friday, with the value of stocks traded dropping a sharp 51 percent.
Overall, 7,396,135 shares were exchanged for $31,788,226 versus 4,959,941 units at $65,424,573 on Friday. Trading averaged 125,358 units at $538,783 compared to 88,570 shares at $1,168,2961 on Friday and month to date, an average of 165,265 units at $1,157,389, compared to 169,983 units at $1,230,531 on the previous trading day. July averaged 173,643 units at $1,683,017.
Wigton Windfarm led trading with 3.4 million units for 46 percent of total volume, followed by Transjamaican Highway with 1.16 million shares for 15.6 percent of the day’s trade and Sagicor Select Financial Fund with 610,087 units for 8.2 percent of market share.
Trading ended with 59 securities compared to 56 on Tuesday, with 25 rising, 29 declining and five ending unchanged. At the close, the All Jamaican Composite Index rose 897.37 points to 419,448.06, the JSE Main Index gained 188.92 points to close at 367,524.60, and the JSE Financial Index inched 0.03 points higher to 88.44.
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 are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and six stocks with lower offers.
At the close, Barita Investments fell 98 cents to $86.30 after exchanging 3,282 shares, Caribbean Cement dropped $2.70 to close at $59.80 after an exchange of 8,073 shares, Eppley jumped $1.32 in closing at $39.39, with 313 stocks crossing the market. First Rock traded 24,359 shares after rising 55 cents to $12.45. GraceKennedy dropped $3.25 to end at $95.50, with 23,610 units changing hands, Guardian Holdings fell $1 to close at $505 after trading 292 stock units, Jamaica Broilers rose 35 cents to $29 after exchanging 5,664 stocks. Jamaica Producers fell 60 cents in closing at $20.15, with an exchange of 1,365 shares, Jamaica Stock Exchange fell $2.26 to $16.70 after an exchange of 3,389 shares, Massy Holdings shed $1.10 in ending at $89, with 2,130 units crossing the exchange, Margaritaville climbed $2.20 to $24.20, with just two stocks changing hands. Mayberry Jamaican Equities fell 40 cents to close at $14.10 after trading 11,321 stock units. MPC Carib Energy fell $13.17 to close at a 52 weeks’ low of $71.83 after trading 185 shares, NCB Financial lost $2 to end at $94 with an exchange of 92,031 shares, PanJam Investment shed $3 in closing at $61 in an exchange of 8,350 units. 
Portland JSX jumped $2.49 to $11 in switching ownership of a mere four stocks, Scotia Group popped $2.43 to end at $36.50 with the swapping of 327 stock units, Seprod rose $1.92 to $69.99, with 4,631 stocks crossing the market, Supreme Ventures climbed $1.38 to close at $28.53 in exchanging 16,826 shares and Wisynco dropped $1.52 in closing at $10.21, in trading 87,422 stocks.
In the preference segment, Eppley 5% traded seven shares and rose $1.99 to $21.89, Eppley 7.5% rose 51 cents to $7.45 after an exchange of 119 shares, 138 Student Living preference shares fell $1.13 to end at $49.32 in an exchange of 46 units. Productive Business Solutions preference share surged $56.01 to a 52 weeks’ high of $165 with the swapping of 127 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Overall, 4,959,941 shares were exchanged for $65,424,573 versus 3,472,392 units at $25,553,670 on Thursday. Trading averages 88,570 units at $1,168,296, compared to 65,517 shares at $482,145 on Thursday and month to date, an average of 169,983 units at $1,230,531, compared to 180,275 units at $1,238,398 on the previous trading day. July closed with an average of 173,643 units at $1,683,017.
At the close, Caribbean Producers popped 42 cents to $14.02 after trading 20,482 stocks. Eppley increased $1.28 to close at $39.93, with 75 stock units changing hands. Eppley Caribbean Property Fund fell $4.50 to end at $38.40 with the swapping of 300 stocks, First Rock Real Estate lost 40 cents in ending at $12.05 after trading 5,075 shares, Guardian Holdings surged $64.96 to $569.99 after exchanging 352 stocks.Massy Holdings lost $2.70 in closing at $87, with 1,178 stock units crossing the exchange. Mayberry Investments climbed 65 cents to close at $9.99 in exchanging 99 stocks, Mayberry Jamaican Equities shed 22 cents in closing at $13.88 in trading 104,177 units, MPC Caribbean Clean Energy lost 50 cents in ending at $84.50 while exchanging 321 stock units. NCB Financial rose $1.50 to end at $95 in trading 236,805 shares, Palace Amusement dropped $30 to $760 with an exchange of 10 stocks, PanJam Investment shed 50 cents to end at $60 in switching ownership of 5,628 stock units, Seprod climbed $3.37 in closing at $71.44 in an exchange of 97,364 units and Stanley Motta popped 50 cents to $5.50 after trading 1,600 stocks.
In the preference segment, Eppley 7.50% preference share increased 87 cents to $7.47, with 201 shares crossing the market. Eppley 7.75% preference share declined $1 to end at $20 with one stock changing hands, JMMB Group 7.25% preference share rallied 28 cents to close at $3.27 in exchanging 90 stock units and Productive Business Solutions 9.75% preference share gained $29.05 to close at a 52 weeks’ high of $156.05, with 105 shares crossing the exchange.
Only 3,472,392 shares valued $25,553,670 were traded on Thursday versus 6,419,042 units at $56,245,124 on Wednesday. Trading averaged 65,517 units at $482,145 down from 112,615 shares at $986,757 Wednesday and month to date, an average of 180,275 units at $1,238,398, compared to 195,870 units at $1,341,170 on the previous trading day. July closed with an average of 173,643 units at $1,683,017.
At the close, Caribbean Cement climbed 93 cents to $59.63 after the price hit an intraday 52 weeks’ low of $55.12 in trading 6,256 shares, Eppley fell $2.35 in closing at $38.65 while exchanging 111 stock units, First Rock Real Estate rallied 65 cents to end at $12.45 in trading one share. Guardian Holdings declined $78.12 to close at $505.03 in trading 50 units, JMMB Group increased $1.17 to $43.90, with 20,889 shares crossing the exchange, Massy Holdings gained 70 cents to end at $89.70 in an exchange of 1,848 stocks. NCB Financial dropped $3.25 to end at $93.50 in trading 23,044 stock units, PanJam Investment advanced 60 cents to close at $60.50, with 10,798 units changing hands, Proven Investments shed 49 cents in closing at $32.50 with 2,121 units clearing the market. Salada Foods rose 68 cents to $5.29 after exchanging 213 stocks, Scotia Group lost $1.64 to close at $34.75, with 19,803 stock units crossing the market, Victoria Mutual Investments dropped 52 cents in closing at $5.16 after trading 14,683 shares and Wisynco Group lost $1.20 to end at $16.68 as investors transferred 76,918 stock units.
In the preference segment, Eppley 7.50% preference share fell $1.03 to end at $6.60 in switching ownership of 287 stocks and Productive Business Solutions 9.75% preference share popped $18, ending at a record closing high of $127, with 3,813 shares changing hands.
Trading ended with 57 securities compared to 55 on Tuesday, with 21 rising, 24 declining and 12 ending unchanged. At the close, the All Jamaican Composite Index shed 3,397.23 points to 416,853.91, the JSE Main Index dropped 1,624.03 points to close at 367,199.58 and the JSE Financial Index dipped 0.27 points to settle at 87.90.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.7 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Scotia Group popped $1.40 to end at $36.39 with the swapping of 1,317 stock units, Stanley Motta dropped 50 cents to $5, with 5,048 stocks crossing the market, Supreme Ventures declined 70 cents to close at $28.60 in exchanging 294,794 shares. Sygnus Real Estate Finance popped 41 cents in closing at $10.21, with 1,615 units clearing the market and Victoria Mutual Investments advanced 65 cents to close at $5.68 in trading 76,505 stocks.
At the close, 9,160,573 shares were exchanged for $56,371,792, compared to 10,753,625 units at $57,897,672 on Monday. Trading averaged 166,556 units at $1,024,942, compared to 182,265 units at $981,316 on Monday and month to date, an average of 324,185 units at $1,476,401, compared to 324,185 units at $1,476,401 on the previous trading day. July closed with an average of 173,643 units at $1,683,017.
The JSE Main and USD Market PEs are computed using ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
PanJam Investment traded 140 units and fell $2.28 to $61.67, Salada Foods fell 72 cents to $4.61 after exchanging 3,050 stock units, Seprod traded 8,953 shares and lost $1.93 and closed at $68.07, Supreme Ventures rose 80 in closing at $29.30 in trading 45,140 stocks and Sygnus Real Estate Finance fell 70 cents in ending at a 52 weeks’ low of $9.80, with 6,670 units clearing the market.
At the close, 10,753,625 shares were exchanged for $57,897,672, down from 18,706,267 units at $161,301,374 on Friday. Trading averaged 182,265 units at $981,316, compared to 366,790 shares at $3,162,772 on Friday and month to date, an average of 324,185 units at $1,476,401, compared to 228,567 units at $1,609,780 on the previous trading day. July closed with an average of 173,643 units at $1,683,017.
At the close, Barita Investments fell 67 cents to $86.31 after switching ownership of 54,553 shares, Caribbean Cement dropped $1.70 to $60 after trading 2,657 stocks, Eppley popped $2.25 to end at $41 in an exchange of three units. Eppley Carib Fund exchanged 3,204 shares and gained $2 to end at $42, GraceKennedy popped $2.68 in closing at $98.98 with 69,100 stock units crossing the exchange, Guardian Holdings gave back $139.99 of what was gained on Friday to close at $510.01 with 137 stocks crossing the market, Jamaica Broilers fell 73 cents to $28.67 after trading 8,253 shares. MPC Caribbean Clean Energy added $1 in closing at $85, with 5,583 units changing hands, NCB Financial decreased $2.50 in ending at $96.50 while exchanging 59,105 shares, 138 Student Living gained $1.05 to close at $5.10 with 610 shares changing hands, Palace Amusement rallied $119 to close at $760 in exchange of 37 units. 
PanJam traded 220 units and fell $4.35 at $63.95, Portland JSX rose 50 cents to $10 after exchanging 16,903 stock units, Supreme Ventures rose 62 in closing at $28.50 in trading 576,472 stocks, Sygnus Credit Investments shed 39 cents to close at $13.21 in exchanging 136,945 shares and Sygnus Real Estate Finance fell 50 cents in ending at a 52 weeks’ low of $10.50, with 185 units clearing the market.
Mayberry Investments led trading with 6.92 million shares for 37 percent of total volume, followed by Wigton Windfarm with 6.52 million units for 34.8 percent of the day’s trade, Transjamaican Highway with 1.34 million units for 7.2 percent market share and Sagicor Select Financial Fund with 1.32 million units for 7 percent market share.
Proven Investments declined 45 cents to end at $33 after trading 230 stock units, Scotia Group advanced 91 cents to $34.98, with 612,178 stocks crossing the market, and Seprod popped $1.93 to end at $70 with the swapping of 505 shares. Supreme Ventures lost $1.12 in closing at $27.88 after trading 289,299 stocks, Sygnus Credit Investments gained 39 cents to close at $13.60 in exchanging 52,252 shares, Sygnus Real Estate Finance fell $1.50 in ending at $11 with 1,089 units clearing the market and Wisynco Group shed 47 cents in ending at $18 with an exchange of 50,696 stock units.
At the close, Berger Paints rose 85 cents to $11.85 and closed with 89 shares changing hands, Caribbean Cement shed $1.45 in ending at $61 with 7,376 stock units clearing the market, Guardian Holdings advanced $1 to $506 after exchanging 105 units. Jamaica Broilers rallied 51 cents in closing at $29.37 in transferring 18,223 stocks, Jamaica Stock Exchange fell $1 to $17 after 6,864 stock units changed hands, Mayberry Investments fell $1.63 in closing at $8.85 after exchanging 26,148 shares. Mayberry Jamaican Equities declined 50 cents to $14 in an exchange of 106,063 units, NCB Financial popped $7.42 to end at $97.42, with 9,641 stocks crossing the market, 138 Student Living dropped 75 cents in ending at $4.30 in switching ownership of 2,895 stocks. Palace Amusement gained $1.01 to close at $756.01 after trading 50 units, PanJam Investment increased $1.40 to end at $59.60, with hinge shares crossing the exchange, Portland JSX gained 99 cents in closing at $9.50 in trading 1,524 stock units. Proven Investments popped 95 cents to close at $33.45, trading 563 stocks, 
Scotia Group lost 92 cents after ending at $34.07, with 12,502 stock units changing hands, Stanley Motta advanced 62 cents to $5.60 while exchanging 980 units and Sygnus Real Estate Finance increased 50 cents to $12.50 with the swapping of 364 shares.
The All Jamaican Composite Index dropped 3,995.89 points to settle at 420,325.65, the JSE Main Index declined by 3,019.85 points to 368,855.69 and the JSE Financial Index shed 1.03 points to settle at 87.45.
At the close, Berger Paints fell 93 cents to $11 after trading 3,154 shares, Eppley Caribbean Property Fund climbed $2 to close at $40 after exchanging 310 stocks, Guardian Holdings lost $1 in ending at $505 after switching ownership of 926 units. Jamaica Producers advanced 50 cents to $21.25, with 8,534 stock units crossing the market, Jamaica Stock Exchange declined 88 cents to end at $18 while exchanging 8,835 units and Mayberry Investments rose 85 cents to close at $10.48, with 4,504 shares clearing the market. NCB Financial shed $6 in ending at a 52 weeks’ low of $90 with an exchange of 22,866 stocks, PanJam Investment dropped $5.80 in closing at $58.20 trading 5,506 stock units, QWI Investments lost 11 cents in closing at 74 cents after the price hit an intraday 52 weeks’ low of 59 cents as investors traded 282,628, Scotia Group popped 92 cents to end at $34.99 after an exchange of 32,705 units. 
Supreme Ventures increased $1.52 to $28.67, with 23,538 shares crossing the market, Sygnus Real Estate Finance rallied 86 cents to close at $12, with 2,860 stock units changing hands and Wisynco Group dropped 52 cents to end at $18.40 after an exchange of 92,999 stocks.
The All Jamaican Composite Index gained 1,802.80 points to close at 429,500.62, the JSE Main Index climbed 1,031.73 points to 375,693.41 and the JSE Financial Index inched 0.52 points higher to 89.64.
At the close, Eppley dropped $1.98 to end at $38.70 with an exchange of 866 shares, Guardian Holdings shed $5 in ending at $505, with 139 stocks crossing the market, Jamaica Producers climbed $1.71 to $22.49 in an exchange of 143,940 units. Jamaica Stock Exchange increased $1.54 to close at $19.49, with 235,971 stock units clearing the market, Mayberry Investments gained 89 cents in closing at $10.69 after trading 37,405 units, Mayberry Jamaican Equities lost 50 cents to end at $14.50 in exchanging 570 stock units. NCB Financial rallied $6.95 to $97, trading 15,437 stocks, Palace Amusement fell $1 to close at $889 in exchanging one share, PanJam Investment rose 54 cents in closing at $64.99 with the swapping of 11,910 units. Proven Investments declined 79 cents after ending at $32.51, with 44,818 stock units crossing the exchange, Salada Foods popped 50 cents to end at $5.10 in trading 4,882 stocks, Scotia Group advanced 47 cents while ending at $36.47 in trading 17,005 shares. 
Seprod gained $1.93 in closing at $70 after exchanging 23,844 units, Supreme Ventures climbed 62 cents to close at $30, with 184,773 stocks changing hands.