Market activity on Monday resulted in the volume and value of shares trading rising 26 percent respectively over Friday’s trades on the Jamaica Stock Exchange Main Market as rising stocks were edged out by those declining.
The All Jamaican Composite Index rose 1,130.32 points to close at 440,722.22, the JSE Main Index rallied 607.57 points to end at 387,990.48 and the JSE Financial Index slipped 0.15 points to close at 94.67.
A total of 54 securities traded up from 52 on Friday, with 21 rising, 24 declining and nine 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.
A total of 26,282,472 shares traded at $523,039,414 versus 20,846,690 units at $711,105,869 on Friday. Stanley Motta led trading with 38.1 percent of total volume for 10 million shares followed by QWI Investments, 11 percent, with 2.9 million units, Sagicor Group controlled 10.4 percent after an exchange of 2.72 million units, Transjamaican Highway cornered 9.7 percent of trades with 2.56 million units, Sagicor Select Financial Fund held 6.8 percent market share with 1.78 million units and Wigton Windfarm ended at 5.1 percent with 1.34 million units changing hands.
Trading averages 486,712 units at $9,685,915, up from 400,898 shares at $13,675,113 on Friday and month to date, an average of 645,444 units at $10,644,265, compared to 698,683 units at $10,965,700 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 13 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments lost 40 cents to end at $90.10 with 8,361 shares crossing the exchange, Caribbean Producers fell $1.61 to $13.01 in trading 580,325 stock units, Eppley gained 88 cents in ending at $40 in switching ownership of 3,664 stocks. First Rock Capital advanced $1 in closing at $13 in an exchange of 122,188 units, Guardian Holdings climbed $14.99 to end at $550 with a transfer of 13,866 shares, Jamaica Broilers popped 48 cents to $29.98 after trading 17,579 stocks, Jamaica Stock Exchange rose 99 cents to end at $17.94 with the swapping of 53,980 units, JMMB Group declined $2 to close at $42 after exchanging 344,818 stock units, Mayberry Jamaican Equities rallied 64 cents in ending at $7.70 with 7,235 shares changing hands. NCB Financial fell $6.94 to $118 in switching ownership of 48,647 stock units, Palace Amusement dropped $145 after ending at $885 with a transfer of 19 stocks, PanJam Investment advanced $4.80 to close at $71 with 15,540 units changing hands. Proven Investments rose $3 in closing at $38 with 26,931 stocks clearing the market, Sagicor Group advanced $5.75 to end at $60 in exchanging 2,722,902 stock units, Scotia Group gained 62 cents to finish at $34.62 in trading 346,585 shares. 
Seprod rose $1.50 to $57.50 after 18,329 units crossed the market, Stanley Motta shed 53 cents in closing at $5.40 with the swapping of 10,002,152 shares, Sygnus Credit Investments lost 37 cents to end at $15.10 in trading 79,715 units and Wisynco Group rallied 83 cents to close at $19.84 in switching ownership of 251,780 stocks.
In the preference segment, Eppley 7.50% preference share popped 49 cents in ending at $6 with 1,000 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
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. 
In TOP10 developments this week, returning to the Junior Market are 
are trading at or above this level, averaging around 23.
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.
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.
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.
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.
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.
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.
Trading ended with 59 securities compared to 56 on Friday, with 29 rising, 24 declining and six ending unchanged.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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.
