Financials help push JSE Main Market Up

The Jamaica Stock Exchange Main Market indices bounded on Monday with the volume of stocks rising 124 percent and the value 234 percent greater than on Friday, from the trading in 58 securities up from 55 on Friday, with 17 rising, 25 declining and 16 ending unchanged.
A total of 6,493,255 shares were exchanged for $91,157,503 versus 2,890,999 units at $27,224,258 on Friday.
Trading averages 111,953 units at $1,571,681 up from 52,564 shares at $494,987 on Friday and month to date, an average of 665,307 units at $2,282,234 versus 747,673 units at $2,387,906 on the previous trading day. Trading in November ended with an average of 202,406 units at $1,736,493.
Transjamaican Highway led trading with 1.59 million shares for 24.6 percent of total volume, followed by 138 Student Living with 734,813 units for 11.3 percent of the day’s trade and JMMB Group with 628,013 units for 9.7 percent market share.
The All Jamaican Composite Index climbed 1,523.69 points to 383,892.98, the JSE Main Index rose 760.64 points to 339,549.37 and the JSE Financial Index popped 0.34 points to close at 81.19.
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 incorporate earnings forecasts 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 five with lower offers.
At the close, Berger Paints gained 50 cents to end at $10.50 after an exchange of 333 shares, Eppley dropped $6.57 to close at $32.13 as investors exchanged 2,141 stock units, Eppley Caribbean Property Fund fell $1.25 to $42.75 with 12,150 units changing hands. First Rock Real Estate shed $1 to settle at $12.50 after a transfer of 2,745 stocks, Guardian Holdings dipped $5 to $535 with 1,503 units crossing the market, Jamaica Broilers rose $2.70 to $29.70 with the swapping of 198,232 stocks after the company posted second quarter results to October with a big surge in profits from continuing operations. Jamaica Producers declined $1 to $20 with 280,655 stock units changing hands, Jamaica Stock Exchange rallied $1.47 to $16.47 after an exchange of 16,166 shares, JMMB Group advanced $4 to close at $36 after 628,013 stocks cleared the market. Kingston Wharves fell $1.64 to $30 after an exchange of 15,240 units, Margaritaville dropped $3.45 to $19.55 as 412 shares passed through the market, Mayberry Jamaican Equities gained 51 cents in ending at $13.51 with investors transferring 50,806 stock units. MPC Caribbean Clean Energy lost 50 cents to close at $83 with 20 stocks changing hands, NCB Financial advanced $1.02 to $82.52 in switching ownership of 5,440 shares, Proven Investments was marked down by $1.60 in closing at $25.60 with an exchange of 131,799 units. Sagicor Group popped 50 cents to finish at $50.50, trading 3,566 stock units, Scotia Group fell 49 cents in closing at $33.01 after crossing the exchange with 510,357 units, but before the release of full year results showing earnings of $3.75 per share.

Seprod declined $1 to $70 with a transfer of 1,622 stock units and Stanley Motta shed 90 cents to end at $4.50 in trading 978 shares.
In the preference segment, Eppley 5% preference share rose $1.45 to $22.48 with the swapping of 11 stocks and Productive Business Solutions 9.75% preference share declined $12.21 to $107.79 after an exchange of 100,003 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

 

 

Trading dives on JSE Main Market

The volume of stocks trading plunged sharply on the Jamaica Stock Exchange Main Market on Friday resulting in 99 percent fewer shares changing hands, with the value declining 95 percent from Thursday, after trading took place in 55 securities down from 58 previously and leading to 19 rising, 23 declining and 13 ending unchanged.
A total of 2,890,999 shares were exchanged for $27,224,258 down sharply from 246,792,291 units at $513,155,922 on Thursday.
Trading averaged 52,564 units at $494,987 compared with 4,255,040 shares at $8,847,516 on Thursday and month to date, an average of 747,673 units at $2,387,906 versus 861,796 units at $2,698,684 on the previous day. November closed with an average of 202,406 units at $1,736,493.
Pulse Investments led trading with 750,281 shares for 26 percent of total volume followed by Wigton Windfarm with 545,933 units for 18.9 percent of the day’s trade and Victoria Mutual Investments with 377,222 units for 13 percent market share.
The All Jamaican Composite Index dived 2,298.69 points to 382,369.29, the JSE Main Market Index dipped 1,613.21 points to 338,788.73 and the JSE Financial Index shed 1.10 points to end at 80.85.
The PE Ratio, a formula to ascertain appropriate stock values, averages 12.9 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 five stocks ending with bids higher than the last selling prices and one with a lower offer.
At the close, Caribbean Cement fell $2.90 in closing at $57 after 17,639 shares passed through the market, Eppley rose $1.70 to $38.70 with an exchange of 284 stock units, First Rock Real Estate popped $1 to end at $13.50 with the swapping of 26 stocks. Jamaica Broilers rallied 97 cents after ending at $27 in switching ownership of 4,693 units, Jamaica Producers declined $1.50 to $21 with investors transferring 238,069 stock units, JMMB Group shed $1.45 to end at $32 after trading 42,004 stocks. MPC Caribbean Clean Energy gained 50 cents to close at $83.50 with 723 shares clearing the market, NCB Financial lost 50 cents after ending at $81.50 in trading 16,397 units, Palace Amusement dipped $1 in closing at $620 in an exchange of 61 stock units. PanJam Investment declined $2.25 to $55 after a transfer of 83,516 units, Proven Investments lost 60 cents to end at $27.20 with a transfer of 512 shares, Sagicor Group advanced $2 to $50 with 25 stocks crossing the market. Seprod rose $1 to $71 trading 9,396 stock units, Supreme Ventures climbed $3.05 to close at $30 with 100,161 stocks changing hands.
In the preference segment, Eppley 7.50% preference share fell $1.17 to $6.60 in transferring 130 units and JMMB Group 7.25% preference share rallied 42 cents to $3.23 with the swapping of 1,541 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Radio Jamaica trade swells JSE Main Market

Radio Jamaica dominated trading on the Jamaica Stock Exchange Main Market on Thursday with 241 million shares as Joseph Matalon transferred shares previously held by him and entities under his control to ICD Investments, pushing the volume of stocks traded by 1,811 percent and the value by 897 percent above Wednesday’s out turn, after trading in 58 securities up from 54 on Wednesday, with 23 rising, 21 declining and 14 ending unchanged.
A total of 246,792,291 shares were traded for $513,155,922 compared to 12,913,414 units at $51,455,919 on Wednesday. Trading averaged 4,255,040 stock units at $8,847,516 versus 239,137 shares at $952,887 on Wednesday.
Trading month to date averaged 861,796 units at $2,698,684 up from 151,297 units at $1,411,203 on the previous day. November closed with an average of 202,406 stock units at $1,736,493.
Radio Jamaica led trading with 241.05 million shares for 97.7 percent of total volume followed by Wigton Windfarm with 3.10 million units for 1.3 percent of trading and Pulse Investments with 699,740 units for 0.3 percent market share.
The All Jamaican Composite Index lost 2,606.04 points to end at 384,667.98, the JSE Main Index fell 1,030.71 points to 340,401.94 and the JSE Financial Index shed 0.31 points to close at 81.95.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14 for the Main Market. The JSE Main and the 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 five stocks ending with bids higher than the last selling prices and two with lower offers.
At the close, Barita Investments dipped $4.07 to end at $90.90 trading 8,629 shares, Eppley was marked up by $4.83 to $37 after a transfer of 39 units, Eppley Caribbean Property Fund advanced $2 to $44 with an exchange of 651 stocks. First Rock Real Estate shed $1 in ending at $12.50 after a transfer of 10,022 stock units, GraceKennedy declined $2.99 in closing at $82 with 74,313 stocks changing hands, Guardian Holdings climbed $20 to $540 with the swapping of just one share. Jamaica Broilers shed $1.57 to close at $26.03 in an exchange of 44,823 stock units, Jamaica Producers rose $1.50 to settle at $22.50 in switching ownership of 885 units, Jamaica Stock Exchange fell $1.47 to $15 with 2,514 stock units clearing the market. JMMB Group popped $1.45 to end at $33.45 trading 12,437 stocks, Kingston Wharves jumped $1.69 to $31.69 with 145,284 shares passing through the market, NCB Financial rose $1.99 to $82 in switching ownership of 21,195 units. Sagicor Group dropped $3 to finish at $48 in exchanging 233,350 stocks, Scotia Group lost 50 cents to close at $33.50 after 9,645 stock units crossed the exchange and Supreme Ventures dipped $1.01 to $26.95 with 105,169 units changing hands.
In the preference segment, Eppley 5% preference share popped $1.91 in closing at $21.03 as investors exchanged 11 shares, Eppley 7.25% preference share jumped $2.98 to $19.99 in transferring 200 stocks and JMMB Group 7.25% preference share fell 50 cents to close at $2.81 in trading 351 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Main Market records solid gains

Stocks bounced on the Main Market of the Jamaica Stock Exchange on Wednesday with the volume slipping moderately after the values passing through the market falling 59 percent compared with Tuesday, resulting in 54 securities trading compared to 58 on Tuesday and ending with 22 rising, 21 declining and 11 ending unchanged.
A total of 12,913,414 shares were exchanged for $51,455,919 versus 11,957,180 units at $124,947,760 on Tuesday.
Trading averaged 239,137 shares at $952,887 versus 206,158 shares at $2,154,272 on Tuesday. Trading for the month to date averages 151,297 shares at $1,411,203 compared with 130,026 units at $1,522,185 on the previous day. November closed with an average of 202,406 units at $1,736,493.
Wigton Windfarm led trading with 8.44 million shares for 65.4 percent of total volume followed by Transjamaican Highway with 1.02 million units for 7.9 percent of the day’s trade and JMMB Group 7.35% due 2028 with 797,953 units for 6.2 percent market share.
The All Jamaican Composite Index climbed 4,446.25 points to 387,274.02, the JSE Main Index rallied 3,125.71 points to 341,432.65 and the JSE Financial Index advanced 0.99 points to 82.26.
The PE Ratio, a formula used to ascertain appropriate stock values, averages 13.8 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 two stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Cement gained $2 to end at $60 as investors exchanged 24,591 shares, Eppley Caribbean Property Fund dipped $2.89 to $42 and closed at 1,348 stock units, First Rock Real Estate rose $1 in closing at $13.50 as 11 stocks passed through the market. GraceKennedy climbed $1.09 to close at $84.99 in switching ownership of 84,938 units, Guardian Holdings rallied $27.90 ending at $520 with the swapping of 1,479 stocks, Jamaica Broilers advanced 70 cents to end at $27.60 with an exchange of 1,582 units. Jamaica Producers lost $1 ending at $21 with a transfer of 60,162 stock units, Jamaica Stock Exchange jumped $2.89 to close at $16.47 crossing the exchange 931 shares, JMMB Group shed $1 to $32 in an exchange of 130,363 shares. Margaritaville popped $4.35 in closing at $23 in an exchange of one stock unit, Mayberry Investments increased 70 cents to close at $8 trading 35,101 units, Mayberry Jamaican Equities declined 39 cents to $13 changing hands 1,700 stocks. NCB Financial fell $3.88 ending at $80.01 exchanging 21,730 stocks, PanJam Investment climbed 50 cents in closing at $57.50 crossing the market 31,357 stock units, Sagicor Real Estate Fund rallied $1.26 to end at $7.80 clearing the market with 9,953 units and Supreme Ventures advanced $1.01 in closing at $27.96 after exchanging 108,642 shares.

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

JSE Main Market marked down

Falling stock prices were the dominant development on the Jamaica Stock Exchange Main Market on Tuesday following an 88 percent rise in the volume of stocks traded valued 154 percent higher than on Monday, and resulted in  58 securities trading down from 61 on Monday and ended with prices of 17 rising, 28 declining and 13 ending unchanged.
A total of 11,957,180 shares were traded for $124,947,760, up from 6,352,026 units at $49,169,596 on Monday.
Trading averaged 206,158 units at $2,154,272 compared with 104,132 shares at $806,059 on Monday and month to date, an average of 130,026 units at $1,522,185 compared to 103,264 units at $1,299,997 on the previous day. November closed with an average of  202,406 units at $1,736,493.
Jamaica Producers led trading with 3.73 million shares for 31.2 percent of total volume followed by Wigton Windfarm with 3.27 million units for 27.3 percent of the day’s trade, Sagicor Select Financial Fund with 1.57 million units for 13.1 percent of the market and Transjamaican Highway with 1.11 million units for 9.3 percent market share.
The All Jamaican Composite Index dropped 2,524.39 points to settle at 382,827.77, the JSE Main Index dived 1,994.02 points to 338,306.94 and the JSE Financial Index slipped 0.45 points to close at 81.27.
The PE Ratio a formula to ascertain appropriate stock values, averages 13.8 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 one with a lower offer.
At the close, Barita Investments popped $7 in closing at $95 with 21,007 shares crossing the exchange, Berger Paints advanced $1.90 to $10 after a transfer of 174 stocks, Caribbean Cement shed $1.30 after ending at $58 with an exchange of 1,401 units. Eppley climbed $3.17 to close at $32.17 with investors transferring 20 stock units, Eppley Caribbean Property Fund advanced $3.14 to $44.89 in switching ownership of 1,592 stocks, First Rock Real Estate fell $1.70 to $12.50 in exchanging 6,003 units. GraceKennedy rallied $1.78 to $83.90 after trading 13,081 stock units, Guardian Holdings dropped $32.90 to end at $492.10 with the swapping of 1,719 shares, Jamaica Broilers dipped 70 cents to $26.90 with 8,518 shares changing hands. Jamaica Producers declined $3.24 in closing at $22 after trading 3,734,778 stock units, Jamaica Stock Exchange shed $1.44 to settle at $13.58 after exchanging 45,309 units, Kingston Properties lost 90 cents to end at $6.25 in switching ownership of 5,500 stocks, Margaritaville dipped $4.35 to $18.65 with an exchange of 1,348 shares, NCB Financial gained $1.89 after ending at $83.89 in transferring 10,519 stock units, PanJam Investment lost 40 cents to close at $57 with 2,275 stocks clearing the market. Portland JSX rose $1.39 to $10.49 in switching ownership of 18 units, Sagicor Group fell $1.99 to $51.01 in exchanging 4,766 stock units, Sagicor Real Estate Fund shed $1.16 to end at $6.54 with the swapping of 9,690 shares. Scotia Group rallied 50 cents to close at $34.05 trading 45,443 units, Seprod lost 56 cents in ending at $69.99 after 7,767 stocks passed through the market.
In the preference segment, Eppley 7.75% preference share lost 50 cents to settle at $20 in trading 698 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading drops on JSE Main Market

Trading declined on the Jamaica Stock Exchange Main Market on Monday with a modest decline in the volume of stocks traded, with 33 percent lower value than on Friday, after 61 securities were exchanged compared to 51 on Friday leading to 27 rising, 22 declining and 12 ending unchanged.
A total of 6,352,026 shares were traded for $49,169,596 down from 6,541,604 units at $73,470,799 on Friday.
Trading averaged 104,132 units at $806,059, versus 128,267 shares at $1,440,604 on Friday and month to date, an average of 103,264 units at $1,299,997, compared to 102,756 units at $1,589,711 on the previous trading day. November closed with an average of 202,406 units at $1,736,493.
Transjamaican Highway led trading with 2.61 million shares for 41 percent of total volume, followed by Sagicor Select Financial Fund, with 651,840 units for 10.3 percent of the day’s trade and Wigton Windfarm with 537,618 units for 8.5 percent market share.
The All Jamaican Composite Index dipped 1,730.75 points to 385,352.16, the JSE Main Index popped 147.08 points to 340,300.96 and the JSE Financial Index rose 0.26 points to settle at 81.72.
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 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 seven stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments rallied $2.50 to end at $88 with the swapping of 25,783 shares, Berger Paints declined $1.35 ending at a 52 weeks’ low of $8.10 in trading 5,122 units, Caribbean Cement popped $2.30 to $59.30 with 100,610 stock units crossing the exchange. Eppley dropped $9 to close at a 52 weeks’ low of $29 with an exchange of 5,455 stocks, Eppley Caribbean Property Fund shed $2.25 to end at $41.75 after trading 234 stocks, First Rock Real Estate popped $1.44 to end at $14.20 as investors exchanged 195 units. Guardian Holdings climbed $29.99 to $525 with a transfer of 143 stock units, Jamaica Broilers lost 40 cents in closing at $27.60 after a transfer of 1,409 shares, Jamaica Producers dipped $1.11 to $25.24 with 339,967 stocks changing hands. JMMB Group fell $1 to close at $33 in transferring 46,236 shares, Kingston Properties gained 65 cents to settle at $7.15 with 40,654 units crossing the market, Kingston Wharves dropped $1.85 to $30 in trading 39,058 stock units. Margaritaville advanced 44 cents to $23 in an exchange of 22 units, NCB Financial declined 95 cents to $82 with the swapping of 24,235 shares, Sagicor Group rose $2 to $53 after an exchange of 1,250 stock units. Scotia Group advanced 55 cents to $33.55 after 465,742 stocks passed through the market, Seprod rose $1.55 to $70.55 in an exchange of 4,994 stock units and Supreme Ventures dipped 94 cents to $27 in switching ownership of 4,078 shares.
In the preference segment, Eppley 5% preference share shed $3.37 in closing at $19.12 in switching ownership of 200 stocks, Eppley 7.75% preference share gained 50 cents to settle at $20.50 after a  transfer of 200 units, 138 Student Living preference share surged $7.65 to $58.65 with 32 units clearing the market and Productive Business Solutions 9.75% preference share dropped $10 to close at $120 with investors transferring nine stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Kingston Wharves left for dead

Peculiarities of the local stock market can be seen in many areas with the performance of Kingston Wharves since 2019 highlighting the exuberance of many investors. They pushed the stock up to a high of $78 in 2019 with earnings per share of $1.82 from profits of $2.6 billion, up from a profit of $1.97 million in 2018, with earnings per share of $1.36, but the stock was selling at an enormous price earnings ratio in excess of 43 times 2019 earnings.

Kingston Wharves’ profit rose 8% in Q3.

Investors could not care less about a stock that was excessively overvalued, with the valuation well ahead of the market average at the time, around 22 times at the end of 2019. The company reported a profit of $3.25 billion in 2021 versus $2.28 billion in 2020 for earnings per share of $2.24 up from $1.57 in the previous year. Investors who were paying nearly $80 per share in 2019 are now scared to buy the stock around the $32 level even with improved earnings since 2019.
Admittedly, interest rates on Government of Jamaica Treasury bills at 1.6 percent in December 2019 were very attractive but it was at an unsustainable level and is now just over eight percent. This would result in a reduction in share valuation. But it does not explain why a stock that was priced at twice the rest of the market is no longer having a premium over the market.
For the current year to September, Kingston Wharves reported flat earnings of $2.1 billion compared to the previous year, but the third quarter reflects a 7.7 percent improvement in profits to $837 million in 2022 from $778 million in 2021.
Other operating revenues came in at $135.5 million in the September 2022 quarter, up from $53 million in 2021 and for the year to date, $155.8 billion down from $316 billion in 2021.
Cost of sales in the September quarter amounted to $1.267 billion versus $1.06 billion in 2021 and for the nine months $3.6 billion versus $3.1 billion, resulting in a gross profit of $1.18 billion for the September 2022 quarter, a slight improvement over the $1.16 billion in the previous year and for the nine months, $3.39 billion versus $3.1 billion. The gross profit margin slipped from 52 percent in the September 2021 quarter to 48 percent in 2022 with the year to date dipping from 50 percent in 2021 to 48 percent this year.
Administrative expenses amounted to $335 million in the September 2022 quarter, up 16 percent from $290 million in 2021 and for the nine months, rose 23 percent to $1.1 billion from $899 million in the previous year. Finance costs accounted for $25 million in the September 2022 quarter, up from $20.55 million last year and for the nine months, $32 million, down from $90 million in the previous year’s nine months. Taxation accounted for $117 million versus $127 million in the 2021 September quarter and $304 million for the nine months to September 2022, from $342 million in the previous year.
Shareholders’ equity ended the period at $36.66 billion. Total borrowed funds amounted to just $1.7 billion while it holds cash funds and investments of $9.5 billion. Current assets amount to $11 billion and current liabilities of $1.96 billion. Cash flows from operation generated inflows of $3.3 billion, after spending $1.5 billion on the purchase of property and $873 million on paying dividends and loan repayment of $500 million, the company used up all the inflows for the nine months.
Net book value per share amounts to $25.64, with the stock priced at $31.85 for a 24 percent premium. ICInsider.com projects earnings for the current year at $2.25 and $3 for 2023. These earnings suggest a stock price in 2023 in the $40 to $50 region at a PE of around 16 and it could be higher as interest rates should start to moderate by the middle of 2023 if not before. Going forward growth in the local economy is expected to continue for some time, accordingly, the wharf should be enjoying increased through put and result in increased revenues and profits.

Trading jumps on the JSE Main Market on Friday

The volume of stocks traded on the Jamaica Stock Exchange Main Market on Friday jumped 58. percent but with a 20 percent lower value than on Thursday, after the exchange of 51 securities down from 53 on Thursday, with 17 rising, 15 declining and 19 ending unchanged.
A total of only 6,541,604 shares were traded for $73,470,799 compared with 4,145,005 units at $91,859,137 on Thursday.
Trading averaged 128,267 shares at $1,440,604 versus 78,208 units at $1,733,191 on Thursday and month to date, an average of 102,756 units at $1,589,711. November ended with an average of 202,406 units at $1,736,565.
JMMB Group 7.5% was the lead trade for the day with 1.50 million shares for 23 percent of total volume followed by Transjamaican Highway with 1.06 million units for 16.2 percent of the day’s trade and Pulse Investments with 639,000 units for 9.8 percent market share.
The All Jamaican Composite Index fell 2,262.98 points to 387,082.91, the JSE Main Index dropped 1,596.95 points to close at 340,153.88 and the JSE Financial Index lost 0.53 points to end at 81.46.
The PE Ratio, a formula to ascertain appropriate stock values, averages 12.9 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 seven with lower offers.
At the close, Barita Investments dipped $3.75 to $85.50 after trading 32,670 shares, Berger Paints shed 55 cents to close at $9.45 with 42,000 units changing hands, Caribbean Cement dropped $1 to end at $57 in switching owners of 510,980 stocks. Eppley Caribbean Property Fund advanced $2.60 to $44 with the swapping of 3,216 stock units, Jamaica Producers gained $1.85 to close at $26.35 with an exchange of 488,659 stock units, JMMB Group rallied $2 to $34 in trading 10,324 shares. Kingston Wharves climbed $4.14 to $31.85 with 2,368 units crossing the market, Mayberry Investments rose 52 cents in ending at $7.35 in exchanging 9,032 stocks, PanJam Investment advanced $1.40 to $57.40 with investors transferring 1,902 stock units. Portland JSX fell $1.50 to close at $9 after trading 5,000 units, Pulse Investmentspopped 40 cents to end at $3.05 with the swapping of 639,000 stocks, Sagicor Group lost $1.98 in closing at $51 in exchanging 53,740 shares. Scotia Group gained 85 cents to end at $33 in switching ownership of 16,736 units, Supreme Ventures rallied $1.93 to $27.94 with a transfer of 114,752 stocks and Sygnus Credit Investments was marked up by $1.40 to $12.90 trading 2,942 shares.
In the preference segment, Jamaica Public Service 9.5% jumped $40 to $3,000 with an exchange of 16 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

 

JSE Main Market jumps to start December

Prices jumped on Thursday on the Jamaica Stock Exchange Main Market following Wednesday’s big rally but closed with falling prices having the upper hand over those rising following a 58 percent decline in the volume of stocks exchanged by investors with value plunging 69 percent compared to Wednesday, from 53 securities trading compared to 55 on Wednesday, with 15 rising, 30 declining and eight ending unchanged.
A total of just 4,145,005 shares were exchanged for $91,859,137 compared with 9,955,147 units at $296,663,488 on Wednesday.
Trading averaged 78,208 units at $1,733,191 compared with 181,003 shares at $5,393,882 previously. November closed with an average of 202,406 units at $1,736,565.
Transjamaican Highway led trading with 1.25 million shares for 30.1 percent of total volume followed by Pulse Investments with 539,781 units for 13 percent of the day’s trade and Massy Holdings with 500,356 units for 12.1 percent market share.
The All Jamaican Composite Index rallied 4,498.12 points to 389,345.89, the JSE Main Index climbed 2,956.32 points to 341,750.83 and the JSE Financial Index rose 1.15 points to 81.99.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.8 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.
At the close, the Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments climbed $3.23 to $89.25 in switching ownership of 1,153 shares, Caribbean Cement advanced $1.49 in closing at $58 after trading 52,243 units, Caribbean Producers dipped 40 cents to $12 in exchanging 14,499 stock units. Eppley lost 97 cents to close at $38 after transferring 1,625 stocks, Eppley Caribbean Property Fund gained 40 cents in ending at $41.40 with 3,738 stock units changing hands, First Rock Real Estate declined $1.84 to settle at $12.76, with 2,500 stocks clearing the market. Jamaica Broilers dropped 40 cents to $28 with a transfer of 13,688 units, Jamaica Producers rose $1.77 in closing at $24.50 with the swapping of 169,480 shares, Jamaica Stock Exchange fell $2.10 to $14.80 with 2,212 shares crossing the exchange. JMMB Group shed $1 to close at $32 in trading 10,770 units, Kingston Properties dipped $1.40 to $6.50 after  2,410 stocks were traded, Kingston Wharves shed $7.29 to a 52 weeks’ closing low of $27.71 with an exchange of 159,645 stock units. Margaritaville popped $2.05 to end at $22.56 with 87 units changing hands, Massy Holdings dropped $1 in closing at $80 as investors exchanged 500,356 stock units, Mayberry Jamaican Equities rallied 90 cents to $13.40 with investors transferring 1,000 shares. NCB Financial lost 50 cents to end at $83 trading 13,197 stocks, PanJam Investment fell $2.30 to $56 in an exchange of 70,016 units, Proven Investments advanced $1.74 to $27.96 with the swapping of 9,557 shares. Pulse Investments lost 40 cents to a 52 weeks’ closing low of $2.65 after exchanging 539,781 stock units, Sagicor Group dipped $1.12 in ending at $52.98 in transferring 94,741 stocks, Scotia Group fell $2.05 to $32.15 in switching ownership of 37,516 stocks. Seprod shed $1.50 in closing at $69 after an exchange of 4,669 stock units, Supreme Ventures advanced $1.04 to $26.01 with the swapping of 114,979 shares, Sygnus Credit Investments declined $1.41 to $11.50 after exchanging 19,800 units. Sygnus Real Estate Finance gained $1.20 to end at $10.20 with an exchange of 2,501 shares and Wisynco Group lost $1.21 to close at $17.20 in trading 293,941 stock units.
In the preference segment, Eppley 7.75% preference share dropped 50 cents to $20 with 4,550 stocks clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Big surge in JSE Main Market on Wednesday

The Main Market on the Jamaica Stock Exchange bounced back sharply on Wednesday thus reversing the big decline on Tuesday accompanied by a 75percent rise in the volume of stocks traded after a 291 percent surge in the value than on Tuesday, from trading in 55 securities compared to 46 on Tuesday and resulting in a substantial number of 39 prices rising, and just eight declining and eight ending unchanged.
Investors traded 9,955,147 shares valued at $296,663,488 compared with 5,681,384 units at $75,914,996 on Tuesday.
Trading averaged 181,003 units at $5,393,882 compared to 123,508 shares at $1,650,326 on Tuesday and month to date, an average of 202,406 units at $1,736,565 against 203,452 units at $1,557,922 on the previous day. October ended with an average of 231,243 units at $1,464,224.
Seprod led trading with 1.77 million shares for 17.7 percent of total volume followed by Wigton Windfarm with 1.60 million units for 16.1 percent of the day’s trade, Sagicor Group with 1.22 million units for 12.3 percent market share and Stanley Motta with 1.0 million units for 10.1 percent market share.
The All Jamaican Composite Index popped 8,544.44 points to 384,847.77, the JSE Main Index advanced 6,416.85 points to 338,794.51 and the JSE Financial Index climbed 1.84 points to 80.84.
The PE Ratio, a formula to used to determine appropriate stock values, averages 14 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 21 stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments declined $3.46 to $86.02 with 5,883 shares changing hands, Eppley Caribbean Property Fund climbed $4.98 to $41 in transferring 2,486 units, First Rock Real Estate fell 40 cents in closing at $14.60 with 106 stocks crossing the exchange. Jamaica Broilers gained $1 to end at $28.40 trading 74,386 stock units, Jamaica Producers rallied 43 cents to close at $22.73 after 317,493 units crossed the market, Jamaica Stock Exchange rose $2 to end at $16.90 with investors exchanging 231,852 stocks. JMMB Group advanced $1.50 to close at $33 in switching ownership of 40,583 shares, Kingston Properties popped $1 to end at $7.90 with a transfer of 299,908 stock units, Kingston Wharves gained $1.59 to end at $35, with investors exchanging 421,611 stocks. Margaritaville climbed $4.29 to $20.51 with one unit changing hands, Mayberry Jamaican Equities dropped $1 to finish at $12.50 with the swapping of 29,336 stock units, MPC Caribbean Clean Energy popped $5 to $83 after a transfer of 731 shares. NCB Financial lost $1.50 to end at $83.50 in trading 48,621 stock units, Portland JSX gained $1.50 in closing at $10.50 in exchanging 182 units, Proven Investments shed $1.38 to $26.22 with the swapping of 6,563 stocks. Sagicor Group rose $5.10 to $54.10 trading 1,221,619 shares, Scotia Group climbed $1.70 to $34.20 with 65,373 stock units clearing the market, Seprod rallied $3.50 to $70.50 in exchanging 1,766,351 shares. Stanley Motta gained 98 cents in closing at $5.45 with 1,001,953 units changing hands, Supreme Ventures rose 76 cents to end at $24.97 as investors switched ownership of 44,665 stocks, Victoria Mutual Investments rallied 80 cents to $3.80 in an exchange of 114,134 stocks and Wisynco Group gained 41 cents to settle at $18.41 with a transfer of 737,192 units.
In the preference segment, 138 Student Living preference share gained $6 in closing at $51 after an exchange of 4,224 stock units and Productive Business Solutions 9.75% preference share advanced $8.10 to $130 with investors transferring seven shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.