Last week Tropical Battery surged right to the top of the ICTOP10 Junior Market listing with the company seems poised to earn $280 million for the current year, with earnings per share of 22 cents. Investors who pounced on the stock immediately after the release of the first quarter results before the price pulled, drive the price up in the holiday shortened week to close with a 32 percent gain at $2.30.
In a week when the Junior Market came back to life to close at a new record high on Friday, following a new record on Thursday, the market index closed on Friday over the 4,100 mark for the first time and ended at 4,168.16, with a 21.6 percent gain for the year to date. At the same time, the Main Market continues to consolidate around the 440,000 points level, on the All Jamaica Composite Index.
The EduFocal initial public offer to raise $130 million at $1 per share, opened and closed on Thursday morning, ICInsider.com was informed that preliminary data suggests that the offer attracted around twice the amount on offer, resulting in the early closure. Elsewhere, the Jamaica Stock Exchange is enjoying robust business in 2022 over 2021, which should deliver a big bump in revenues and profit for 2022 should the trend holds, accordingly, ICInsider.com now puts 2022 earnings for the first quarter above the 2021 full year’s earnings of 71 cents, with a possible $3 per share for the full year. Watch this one.
In TOP10 developments this week, returning to the Junior Market are Cargo Handlers with the price holding at $8.99 and Medical Disposables after the price slipped from $7.27 to $6.60 this week. Dropping out of the TOP10 this week are Caribbean Assurance Brokers with the price falling 23 percent to $2.50 as investors dumped the shares after the company reported a 47 percent increase in profit to 21 cents per share, but vastly down on the 33 cents per share reported in the nine months to September. The Main Market had three changes, with Caribbean Producers and Carreras returning to the Top10 to be joined for the first time by Transjamaican Highway and out goes Berger Paints, Jamaica Broilers and Sagicor Group.
During the week, the Junior Market TOP10 listed AMG Packaging fell 8 percent to $3.14 and in the Main Market, Proven Investments rose 9 percent followed by Berger Paints 6 percent and a 4 percent fall for Jamaica Broilers, but Guardian Holdings and Sagicor Group fell 5 percent
The Junior Market potential gains for the TOP 10 Junior Market stocks moved from 113 percent to 105 percent much lower than the Main Market at 124 percent. The top three stocks in the Junior Market are Elite Diagnostic followed by AMG Packaging and Lasco Distributors to gain between 121 and 126 percent, compared to 120 and 153 percent, previously.
The potential gains for Main Market stocks moved from 125 percent last week to this weeks’ 124 percent, with the top three being Guardian Holdings followed by JMMB Group and Sygnus Credit Investments all projected to gain between 161 and 193 percent versus 161 and 180 percent last week.
The average PE for Junior Market has surpassed the average of 17 times 2020 earnings achieved at the end of March last year in moving to 19.2 based on ICInsider.com’s 2021-22 earnings and is ahead of the JSE Main Market at 16.1. The TOP 10 stocks trade at a PE of a mere 9.8, with a 49 percent discount to that market’s average.
All the stocks in the Junior Market can gain just 4 percent to the end of March this year, based on an average PE of 20. About a third of Junior Market stocks with positive earnings
are trading at or above this level, averaging around 23.
The average PE for the JSE Main Market is 16.1 just 18 percent less than the PE of 19 at the end of March and 24 percent below the target of 20 to the end of March this year. The Main Market TOP 10 average PE is 9.2 representing a 43 percent discount to the market, well below the potential of 20. Around 15 stocks or a thirty percent of the market trade at or above a PE of 19, with most over 20, for an average roundabout 25, suggesting that the accepted multiple is between 20 and 25 times the current year’s earnings. The depressed PE of the main market may be indicating that bigger investors are reluctant to be aggressive in buying into the market currently with inflation, rising interest rates and war populating the headlines.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. 
ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on the possible increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. Revisions to earnings per share are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
Tropical drops ICTOP10 with 32% rise
JSE Main Market falters
Market activity ended on Friday with the volume of shares declining 72 percent, with the value 21 percent lower than on Thursday at the close of the Jamaica Stock Exchange Main Market with five stocks declining for every four rising stocks as the market continues to consolidate.
The All Jamaican Composite Index fell 1,330.54 points to settle at 439,591.90, the JSE Main Index shed 1,508.82 points to 387,382.91 and the JSE Financial Index slipped 0.13 points to end at 94.82.
A total of 52 securities traded down from 56 on Thursday, with 20 rising, 25 declining and seven ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.1. The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
Overall, 20,846,690 shares were exchanged for $711,105,869 versus 74,417,192 units at $897,364,034 on Thursday. PanJam Investment led trading with 29.1 percent of total volume after transferring 6.07 million shares followed by Wigton Windfarm with 17.4 percent for 3.62 million units, Transjamaican Highway, 15.9 percent with 3.3 million units, Sagicor Select Financial Fund, 5.6 percent, with 1.17 million units and Jamaica Producers, 5.1 percent for a transfer of 1.07 million units.
Trading averages 400,898 units at $13,675,113, compared to 1,328,878 shares at $16,024,358 on Thursday and month to date, an average of 698,683 units at $10,965,700, compared to 840,746 units at $9,673,135 on the previous trading day. February closed with an average of 392,520 units at $3,199,976.
Investor’s Choice bid-offer indicator shows 11 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments gained 40 cents in closing at $90.50 with an exchange of 92,347 shares, Berger Paints rose 80 cents to close at $12.95 in trading 3,644 units, Caribbean Cement rallied $2 to end at $73 after 21,869 stocks crossed the exchange. Caribbean Producers fell $1.38 to $14.62 with the swapping of 457,914 stock units, GraceKennedy shed 99 cents to $103 in transferring 557,447 stocks, Guardian Holdings fell 99 cents to $535.01 in trading 2,643 shares. Jamaica Broilers lost 48 cents to end at $29.50 with 7,457 stock units changing hands, Jamaica Producers shed 99 cents to end at $22 in switching ownership of 1,072,937 shares, JMMB Group rose $1 in closing at $44 in exchanging 280,797 units. Kingston Properties shed 95 cents to close at $8.05 with 51,563 shares crossing the market, Margaritaville declined $3 to $25 with the swapping of 6,582 stocks, Massy Holdings gained 50 cents in closing at $1,950 after trading 74,353 stock units. NCB Financial popped $3.44 to $124.94 in an exchange of 47,297 units, Palace Amusement climbed $150 to $1,030 with 21 stocks clearing the market, PanJam Investment fell $1.80 to close at $66.20 in switching ownership of 6,065,996 stock units. Proven Investments gained 53 cents after ending at $35 with 38,826 shares changing hands, Scotia Group shed 45 cents to finish at $34 with the swapping of 31,981 stocks, Stanley Motta rose 78 cents to end at $5.93 in exchanging 83,000 stock units. 
Supreme Ventures popped 47 cents in closing at $17.90 in switching ownership of 118,197 stocks, Sygnus Credit Investments rallied 37 cents to close at $15.47 after trading 244,458 units, Sygnus Real Estate Finance rose 86 cents to end at $17.56, with 7,372 stock units changing hands. Victoria Mutual Investments gained 66 cents to settle at $6.96 with a transfer of 239,843 shares and Wisynco Group declined 93 cents in closing at $19.01 in exchanging 120,311 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Decline for JSE Main Market
Market activity ended on Thursday with the volume of shares rising 332 percent and the value 472 percent higher than on Tuesday at the close of the Jamaica Stock Exchange Main Market as rising stocks exceeded those declining but the market indices gave up grounds.
The All Jamaican Composite Index dropped 3,622.18 points to 440,922.44, the JSE Main Index declined 2,805.01 points to 388,891.73 and the JSE Financial Index fell 0.66 points to close at 94.95.
Trading ended with 56 securities compared to 53 on Tuesday, with 25 rising, 22 declining and nine ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16. The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
Overall, 74,417,192 shares were exchanged for $897,364,034 up from 17,224,141 units at $157,007,733 on Tuesday. Carreras led trading with 83.9 percent of total volume for an exchange of 62.43 million shares followed by GraceKennedy, 3.1 percent for 2.34 million units, JMMB Group accounted for 2.5 percent with 1.86 million units, Wigton Windfarm chipped in with 2.4 percent after trading 1.78 million units and Transjamaican Highway ended with 1.6 percent, with 1.17 million units changing hands.
Trading averages 1,328,878 units at $16,024,358, compared to 324,984 shares at $2,962,410 on Tuesday and month to date, an average of 840,746 units at $9,673,135. February closed with an average of 392,520 units at $3,199,976.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Berger Paints rallied 39 cents to $12.15 with 5,859 shares changing hands, Caribbean Cement dropped $4.50 to $71 after trading 29,568 units, Carreras lost 54 cents to end at $8.35 with an exchange of 62,433,293 shares. Eppley Caribbean Property Fund fell $2.60 to $38 in swapping of 3,319 stock units, GraceKennedy popped 98 cents to $103.99 in an exchange of 2,337,519 units, Guardian Holdings rose 72 cents to $536 in switching ownership of 223 stock units. Jamaica Broilers advanced $1.23 to end at $29.98 with a transfer of 208,168 shares, JMMB Group shed $1.14 to end at $43 after an exchange of 1,862,118 stocks, Key Insurance rose 53 cents to $4.96 in trading 304,588 shares. Massy Holdings lost 50 cents to close at $1,949.50 with the swapping of 2,427 units, Mayberry Jamaican Equities shed 60 cents to close at $7 with 16,643 stocks changing hands, Palace Amusement dropped $165 to end at $880 with 85 stock units crossing the market. PanJam Investment advanced $4 to $68 in transferring 22,731 stock units, Proven Investments shed 88 cents to end at $34.47 in switching ownership of 43,981 shares, Scotia Group rallied 45 cents in closing at $34.45 with an exchange of 8,547 units. 
Sygnus Credit Investments gained 40 cents in closing at $15.10 after trading 3,151 stocks, Victoria Mutual Investments lost 70 cents to close at $6.30 with 855,007 stock units clearing the market.
In the preference segment, 138 Student Living preference share fell $1.25 to $6.50 after exchanging 138 stock units and Eppley 7.50% preference share shed 50 cents in ending at a 52 weeks’ low of $5.50 with 27,424 shares crossing the market and providing a 14 yield per annum and nearly 30 percent per annum yield to maturity.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Steady trading on the JSE Main Market
Activity on the Jamaica Stock Exchange Main Market ended on Tuesday with the volume of shares trading rising moderately with a slightly higher value than on Monday and ended with declining stocks dominating the market with nearly five stocks for every three rising stocks were less than those declining.
The All Jamaican Composite Index fell 30.08 points to settle at 444,544.62, the JSE Main Index popped 573.54 points to 391,696.74 and the JSE Financial Index lost 0.04 points to end at 95.61.
A total of 53 securities traded down from 59 on Monday, with 15 rising, 24 declining and 14 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.3. The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
Overall, 17,224,141 shares were exchanged for $157,007,733 versus 14,925,719 units at $141,613,197 on Monday. Wigton Windfarm led trading with 28.4 percent of total volume for 4.88 million shares followed by Sagicor Select Financial Fund with 22.2 percent after exchanging 3.82 million units, QWI Investments accounted for 11 percent with 1.89 million units and Transjamaican Highway traded 1.05 million units for 6.1 percent market share.
Trading averaged 324,984 shares at $2,962,410, up from 252,978 stock units at $2,400,224 on Monday. February losed with an average of 392,520 units at $3,199,976.
Investor’s Choice bid-offer indicator shows 14 stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments shed 35 cents to close at $90.05 with an exchange of 274,827 shares, Caribbean Cement climbed $10.49 in closing at $75.50 after trading 15,342 units, Caribbean Producers shed 94 cents to end at $15.90 in switching ownership of 243,680 stocks. GraceKennedy lost 59 cents in ending at $103.01 after 62,013 stock units crossed the exchange, Jamaica Stock Exchange fell 95 cents to $17 in trading 42,906 shares, Kingston Properties gained 50 cents to finish at $9 with the swapping of 1,451 stock units. Kingston Wharves advanced $1.30 to $41.80 with 1,829 units clearing the market, NCB Financial
declined $2.30 to close at $121.70 after exchanging 48,782 stocks, Palace Amusement popped $95 to end at $1,045 with 6 units crossing the market.
PanJam Investment declined $2 to close at $64 with 786,655 shares changing hands, Proven Investments rallied $1.54 to $35.35 with the swapping of 43,708 stocks, Sagicor Group fell $3.90 in closing at $54 after the transferring of 178,498 stock units. Scotia Group shed 60 cents to end at $34 after trading 41,319 stocks, Seprod slipped 90 cents to $56.10 with 11,300 shares changing hands, Stanley Motta lost 42 cents to close at $5.28 with a transfer of 753 units. Sygnus Credit Investments dipped 35 cents to end at $14.70 with an exchange of 72,199 shares and Sygnus Real Estate Finance gained 50 cents to close at $16.70 with the swapping of 224 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising stocks had upper hand Monday
Advancing stocks dominated market activity on the Jamaica Stock Exchange Main Market Monday with the volume of shares trading dropping 87 percent and the value 69 percent lower than on Friday as the All Jamaican Composite Index rallied 1,395.95 points to settle at 444,574.70, the JSE Main Index dropped 70.06 points to 391,123.20 and the JSE Financial Index rose 0.68 points to close at 95.65.
Trading ended with 59 securities compared to 56 on Friday, with 29 rising, 24 declining and six ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.6. The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
Overall, 14,925,719 shares were exchanged for $141,613,197 versus 114,219,281 units at $449,573,144 on Friday. Wigton Windfarm led trading with 43.1 percent of total volume with a transfer of 6.44 million shares followed by Sagicor Select Manufacturing & Distribution Fund with 13.1 percent for 1.96 million units and Transjamaican Highway, 8 percent after trading 1.19 million units.
Trading averages 252,978 units at $2,400,224, down from 2,039,630 shares at $8,028,092 on Friday and month to date, an average of 392,520 units at $3,199,976, compared to 400,144 units at $3,243,666 on the previous trading day. January closed with an average of 235,328 units at $2,397,571.
Investor’s Choice bid-offer indicator shows 18 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments gained 50 cents to close at $90.40 with 238,943 shares crossing the market, Caribbean Cement dipped $9.99 to $65.01 after exchanging 226,274 stocks, First Rock Capital rallied 70 cents in closing at $11.70 in trading 109 stock units. Guardian Holdings dropped $25.99 to $535.01 with the swapping of 1,142 units, Jamaica Producers gained 50 cents in ending at $22.90 with 12,635 stocks clearing the market, Jamaica Stock Exchange rose $1 to $17.95 in switching ownership of 60,675 shares. JMMB Group advanced $1.05 to $44.15 in transferring 388,876 stocks, Kingston Properties lost 50 cents in ending at $8.50 with 655 units changing hands, Kingston Wharves declined $1.80 in closing at $40.50 in switching ownership of 7,093 stock units. Margaritaville gained 50 cents to end at $28 in trading 184 shares, Mayberry Jamaican Equities fell 90 cents in closing at $7.60 with a transfer of 73,002 units, NCB Financial popped 50 cents to $124 after exchanging 109,385 stocks. Palace Amusement climbed $5 to end at $950 in trading 3 shares, PanJam Investment gained 50 cents to close at $66 with 26,598 stocks changing hands, Portland JSX declined $1.05 to $8.05 in switching ownership of 28,000 stock units. Proven Investments fell $1.49 in closing at $33.81 after crossing the exchange with 43,638 units, Sagicor Group rose 90 cents to end at $57.90 with the swapping of 261,869 stocks, Seprod declined $3 to $57 in exchanging 14,195 shares. 
Stanley Motta gained 44 cents in ending at $5.70 after trading 4,100 stocks, Sygnus Credit Investments shed 45 cents to end at $15.05 in an exchange of 64,511 stock units, Sygnus Real Estate Finance fell 80 cents to $16.20 with the swapping of 3,000 shares and Wisynco Group advanced $1.68 to $19.88 in switching ownership of 146,027 units.
In the preference segment, 138 Student Living preference share rallied 75 cents to end at $7.75 with 124 stocks crossing the market and Productive Business Solutions 9.75% preference shares popped $8 to $108 with the swapping of 8 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Tropical Battery tops ICTOP10
Tropical Battery surges to sit on top of the ICTOP10 Junior Market listing with the company seemingly poised to earn $280 million with earnings per share of 22 cents, more than five times 2021 full year earnings, with potential for the price to deliver gains of 153 percent as the stock helped in creating a complete overhaul of the TOP 3 stocks at the end of the week.
Tropical Battery heads the Junior Market ICTOP10.
In the past week, the Junior Market came back to life and clawed back much of the 226 points lost in the previous week while the Main Market continues to consolidate around the 440,000 points level, on the All Jamaica Composite Index.
The focus this past week was on the FJP Limited IPO that opened on Monday at $1 per share and closed on Tuesday, having been oversubscribed. As the FJP offer closed, up came the third new offer for the Junior Market in 2022, with the release of the EducFocal prospectus to raise $130 million at $1 per share, with the issue opening on March 3 and expected to close shortly thereafter.
In TOP10 developments this week, returning to the Junior Market are Tropical Battery with the price slipping from last week’s $1.79 to $1.74 and Medical Disposables after the price slipped from $7.27 to $6.60 this week. 
Leaving the TOP10 this week are iCreate and Cargo Handlers. The Main Market had one change, with Carreras moving out after hitting $8.90 and Jamaica Broilers coming in to replace it.
During the week, the Junior Market TOP10 listed Cargo Handlers surged 27 percent to $8.89, iCreate rose 28 percent to close at 77 cents, while Elite Diagnostic and Lasco Distributors both lost 9 percent to end at $3.30 and $3.63 respectively and Lasco Financial lost 8 percent to close at $3.30.
In the Main Market, Carreras rose 8 percent to close of $8.90 while Sagicor Group added 6 percent to end at $57, but 138 Student Living lost 5 percent to end at $5.20.
The Junior Market potential gain for the TOP 10 Junior Market stocks has moved up from 104 percent to 113 percent, much lower than the Main Market at 125 percent. The top three stocks in the Junior Market are Tropical Battery followed by Elite Diagnostic and Lasco Distributors to gain between 120 and 153 percent, compared to 109 and 129 percent, previously.
The potential gains for Main Market stocks moved from 122 percent last week to this weeks’ 125 percent, with the top three being Guardian Holdings followed by JMMB Group and Sygnus Credit Investments all projected to gain between 161 and 180 percent versus 165 and 185 percent last week.
The average PE for Junior Market has moved to 19.4 based on ICInsider.com’s 2021-22 earnings and is ahead of the JSE Main Market at 16.7. In the process, the Junior Market has surpassed the average of 17 that was achieved at the end of March last year. The TOP 10 stocks trade at a PE of a mere 9.5, with a 41 percent discount to that market’s average.
All the stocks in the Junior Market can gain just 3 percent to the end of March this year, based on an average PE of 20. About a third of Junior Market stocks with positive earnings are trading at or above this level, averaging around 23.
The average PE for the JSE Main Market is 16.9 just 12 percent less than the PE of 19 at the end of March and 18 percent below the target of 20 to March this year. The Main Market TOP 10 average PE is 9.1 representing a 46 percent discount to the market, well below the potential of 20. Around 17 stocks or a third of the market trade at or above a PE of 19, with most over 20, for an average roundabout 25, suggesting that the accepted multiple is between 20 and 25 times current year’s earnings.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on the possible increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. Revisions to earnings per share are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
JSE Main Market continues in consolidation mode
Market activity ended on Friday with the volume of shares surging 559 percent valued 227 percent more than Thursday on the Jamaica Stock Exchange Main Market as declining stocks once more bettered those rising but just.
The All Jamaican Composite Index fell 104.45 points to 443,178.75, the JSE Main Index rose 358.54 points to close at 391,193.26 and the JSE Financial Index added 0.4 points to end at 94.97.
Trading ended with 56 securities compared to 53 on Thursday, with 23 rising, 24 declining and nine ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.7. The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
Overall, 114,219,281 shares were exchanged for $449,573,144 versus 17,324,391 units at $137,517,118 on Thursday. JMMB Group 7.35% – 2028 dominated trading with 89.6 percent of total volume for an exchange of 102.29 million shares followed by Wigton Windfarm with 3.1 percent for 3.53 million units, Transjamaican Highway chipped in with 1.7 percent after an exchange of 1.96 million units, Wisynco Group accounted for 1 percent after trading 1.09 million units and Sagicor Select Financial Fund, 0.9 percent with 1.04 million units changing hands.
Trading averaged 2,039,630 units at $8,028,092, up from 326,875 shares at $2,594,663 on Thursday and month to date, an average of 400,144 units at $3,243,666 versus 310,484 units at $2,982,018 on the previous trading day. January closed with an average of 235,328 units at $2,397,571.
Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and two ended with lower offers.
At the close, Caribbean Cement fell 94 cents after ending at $75 in switching ownership of 12,834 shares, Caribbean Producers lost 48 cents to close at $17 after exchanging 284,298 stocks, Carreras gained 66 cents to end at $8.90 with 159,373 units crossing the market. Eppley Caribbean Property Fund popped $2.08 in closing at $40.60 in trading 12 stock units, GraceKennedy gained 50 cents to finish at $103.50 with 383,897 shares changing hands, Guardian Holdings climbed $22.98 to end at $561 in switching ownership of 4,039 stock units. Jamaica Producers lost 50 cents to close at $22.40 with a transfer of 39,224 stocks, Jamaica Stock Exchange fell 95 cents to $16.95 with 5,225 units clearing the market, Key Insurance lost 39 cents to close at $4.20 in trading 2,267 stocks. Massy Holdings dropped $30.01 to $1,949.99 after 519 units crossed the market, Mayberry Jamaican Equities lost 51 cents in closing at $8.50 in an exchange of 10,000 stock units, NCB Financial declined $1.56 to $123.50 with the swapping of 63,936 shares. 
Palace Amusement declined $5 to $945 after an exchange of 5 units, PanJam Investment rose $1.50 to $65.50 in transferring 7,256 stocks, Proven Investments fell 70 cents to $35.30 with an exchange of 24,345 stock units. Sagicor Group rallied $3.23 to $57 with 182,181 shares changing hands, Salada Foods lost 48 cents at $6.52 in trading 19,031 stock units, Supreme Ventures fell 45 cents in closing at $18.05 after exchanging 108,671 stocks. Sygnus Credit Investments gained 39 cents to close at $15.50 with 97,912 units changing hands, Sygnus Real Estate Finance shed 50 cents to $17 with a transfer of 5,000 shares and Wisynco Group declined $1.66 to $18.20 with an exchange of 1,093,562 stocks.
In the preference segment, 138 Student Living preference share popped 50 cents to $7 after trading 125 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Main Market stocks falter Thursday
Market activity ended on Thursday with the volume of shares traded rising 28 percent with the value 33 percent lower than on Wednesday on the Jamaica Stock Exchange Main Market as rising stocks ended numbering well below those declining.
The All Jamaican Composite Index dropped 2,053.46 points to close at 443,283.20, the JSE Main Index declined 1,576.68 points to 390,834.72 and the JSE Financial Index slipped 0.50 points to close at 94.55.
Trading ended with 53 securities versus 57 on Wednesday, with 14 rising, 29 declining and 10 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.7. The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
Overall, 17,324,391 shares were traded for $137,517,118 versus 13,505,149 units at $204,572,223 on Wednesday. Wigton Windfarm led trading with 45.8 percent of total volume with an exchange of 7.93 million shares followed by Transjamaican Highway with 19.8 percent for 3.44 million units and Carreras with 9.1 percent after trading 1.58 million units.
Trading averaged 326,875 units at $2,594,663 on Thursday, compared to 236,932 shares at $3,588,986 on Wednesday and for the month to date, an average of 310,484 units at $2,982,018 compared to 309,590 units at $3,003,161 on the previous day. January averaged 235,328 units at $2,397,571.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Cement shed 91 cents to close at $75.94, with 10,372 shares crossing the market, Caribbean Producers lost 37 cents to end at $17.48 trading 191,062 units, Eppley rose $1.10 to $39.10 with an exchange of 125 stocks. Eppley Caribbean Property Fund fell $1.48 in closing at $38.52 with 4,548 stock units switching owners, GraceKennedy declined $2.45 to $103 after transferring 163,759 shares, Jamaica Broilers fell $1.21 to close at $28.50 with 9,596 units crossing the exchange. Jamaica Producers gained 45 cents to end at $22.90 with 8,588 stocks clearing the market, Jamaica Stock Exchange rallied 80 cents to $17.90 in exchanging 15,924 stock units, JMMB Group fell $1.25 in closing at $43.25 with a transfer of 458,337 shares. 
Kingston Properties gained 50 cents to finish at $9, with the swapping of 265 stock units, Kingston Wharves declined $1.10 in ending at $42.40 in switching ownership of 1,526 stocks, Massy Holdings popped $10.50 to close at $1,980 with 10,224 units changing hands. PanJam Investment shed $1 in closing at $64, with the swapping of 320,378 stocks, Proven Investments gained 50 cents to settle at $36 in an exchange of 30,990 stock units, Salada Foods gained 49 cents to end at $7 in trading 1,945 units. Supreme Ventures lost 48 cents to close at $18.50 with the swapping of 142,526 shares, Sygnus Real Estate Finance lost 32 cents after ending at $17.50 and an exchange of 630 stocks.
In the preference segment, 138 Student Living preference share fell $1.25 to close at $6.50, with 289 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Pullback for JSE Main Market
Market activity ended on Wednesday with the volume of shares declining 33 percent with 17 percent greater value than in trading on Tuesday on the Jamaica Stock Exchange Main Market as rising stocks exceeded those declining by a decent margin but that did not prevent the main indices from slipping.
The All Jamaican Composite Index fell 964.21 points to 445,336.66, the JSE Main Index declined 1,127.53 points to settle at 392,411.40 and the JSE Financial Index lost 0.49 points to end at 95.05.
Trading ended with 57 securities up from 56 on Tuesday, with 23 rising, 16 declining and 18 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.8. The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
Overall, 13,505,149 shares were exchanged for $204,572,223 versus 20,207,005 units at $174,517,332 on Tuesday. Transjamaican Highway led trading with 27.4 percent of total volume in transferring 3.69 million shares followed by Wigton Windfarm with 25.6 percent for 3.46 million units and Scotia Group with 7 percent market share for 941,139 units.
Trading averages 236,932 units at $3,588,986, compared to 360,839 shares at $3,116,381 on Tuesday and month to date, an average of 309,590 units at $3,003,161, compared to 314,121 units at $2,966,627 on the previous trading day. January closed with an average of 235,328 units at $2,397,571.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Caribbean Cement rose 86 cents to end at $76.85 with 12,147 shares changing hands, Caribbean Producers gained 85 cents in closing at $17.85 after clearing the market with 131,052 stock units, Eppley Caribbean Property Fund declined 75 cents to finish at $40 in trading 1,050 units. First Rock Capital shed $1.03 to end $10.95 with an exchange of 1,083 stocks, GraceKennedy rallied $2.45 after ending at $105.45 with 609,750 units crossing the exchange, Guardian Holdings climbed $6 to $538.01 in trading 2,146 stocks. Jamaica Broilers lost 49 cents to settle at $29.71 in switching ownership of 625,305 shares, Kingston Properties dipped 50 cents to close at $8.50 with the swapping of 6,093 units, Kingston Wharves advanced $2.92 in closing at $43.50 after 7,869 shares crossed the market. Margaritaville lost 50 cents to end at $27.50 with 1,493 stocks changing hands, Massy Holdings dropped $30.50 to close at $1,969.50 in switching ownership of 3,610 units, NCB Financial declined $1.50 to end at $125 with an exchange of 192,896 stock units. 
Proven Investments gained 49 cents to close at $35.50 in transferring 19,313 shares, Scotia Group fell 84 cents to $34.56 after trading 941,139 stocks, Seprod popped $2.95 in ending at $60 in exchanging 2,213 units. Stanley Motta lost 70 cents to close at $5.25 with 57,831 stock units changing hands, Supreme Ventures gained 48 cents to settle at $18.98 with the swapping of 6,496 stocks and Victoria Mutual Investments shed 35 cents to end at $6.85 in trading 288,846 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading rises on JSE Main Market
Market activity ended on Tuesday, with the volume of shares trading slightly more and the value 26 percent higher than on Monday at the close of the Jamaica Stock Exchange Main Market as rising stocks were just edged out by those declining.
The All Jamaican Composite Index jumped 111.44 points to close at 446,300.87, the JSE Main Index fell 1,550.37 points to 393,538.93 and the JSE Financial Index added 0.04 points to close at 95.54.
Trading ended with 56 securities versus 57 on Monday, with 22 rising, 23 declining and 11 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.9. The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
Overall, 20,207,005 shares were exchanged for $174,517,332 versus 19,292,252 units at $138,707,283 on Monday. QWI Investments led trading with 32 percent of total volume for an exchange of 6.47 million shares followed by Wigton Windfarm with 31.8 percent for 6.43 million units, JMMB Group controlled 11.3 percent for 2.28 million units and Transjamaican Highway ended with 5.7 percent after trading 1.14 million units.
Trading averages 360,839 units at $3,116,381, compared to 338,461 shares at $2,433,461 on Monday and month to date, an average of 314,121 units at $2,966,627, compared to 311,071 units at $2,956,852 on the previous trading day. January closed with an average of 235,328 units at $2,397,571.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments dipped 72 cents in ending at $90.10 after exchanging 5,536 shares, Caribbean Cement shed $1.01 in closing at $75.99 with a transfer of 8,119 units, Caribbean Producers fell $1.25 to $17 in trading 407,013 stocks. Eppley advanced $1 to end at $38 with 2,818 stock units changing hands, Eppley Caribbean Property Fund rallied $2.22 to close at $40.75 in switching ownership of 15 units, GraceKennedy rose 95 cents in closing at $103 with the swapping of 39,314 shares. Guardian Holdings dropped $17.99 to $532.01 in exchanging 101 units, Jamaica Broilers lost 30 cents to end at $30.20 with 1,889 stocks crossing the exchange, Jamaica Producers shed 65 cents to close at $22.35 in transferring 5,607 stock units. JMMB Group advanced $1.76 to $44.26 after exchanging 2,284,744 shares, Key Insurance gained 30 cents to finish at $4.60 in trading 23,329 units, Margaritaville advanced $3 to close at $28 in switching ownership of 363 stocks. Massy Holdings declined $15 in closing at $2,000 with the swapping of 725 shares, Mayberry Jamaican Equities popped 51 cents in ending at $9.01 with 700 stocks changing hands, MPC Caribbean Clean Energy dropped $21 to end at $98 in an exchange of 77 stock units. 
NCB Financial fell $2.50 in closing at $126.50 with 28,734 units crossing the market, Palace Amusement jumped $99.99 to end at $950 with 20 stocks clearing the market, Proven Investments lost 47 cents at $35.01 with 15,304 stock units changing hands. Salada Foods fell 41 cents to close at $6.69 with a transfer of 27,000 stocks, Scotia Group gained 40 cents to end at $35.40 in trading 77,695 shares, Seprod fell $2.95 to close at $57.05 in exchanging 20,491 stocks and Supreme Ventures lost 30 cents to end at $18.50 after exchanging 59,722 units.
In the preference segment, Community & Workers Credit Union gained 30 cents in closing at $2.10 with 13,148 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.