Stock prices softened on Wednesday with demand for stocks dipping below Tuesday and ended withJ the volume of shares trading declining 23 percent and the value dropped 53 percent below Tuesday’s trade on the Jamaica Stock Exchange Main Market, resulting in declining stocks outnumbering those rising.
The All Jamaican Composite Index dropped 1,575.15 points to 442,915.88, the Main Index shed 1,499.07 points to 403,191.56 and the JSE Financial Index lost 0.14 points to end at 98.50.
Trading ended with 52 securities compared to 46 on Tuesday, with 14 stocks rising, 24 declining and 14 ending unchanged. The PE Ratio, a measure used in computing appropriate stock values, averages 15.3 based on ICInsider.com’s earnings forecast for 2021-22.
Trading ended with 11,218,510 shares changing hands for $80,012,135 versus 14,658,044 units at $171,290,682 on Tuesday. Transjamaican Highway led trading with 35.1 percent of total volume for an exchange of 3.94 million shares, followed by Wigton Windfarm with 24.8 percent after trading 2.78 million units and Sagicor Select Financial Fund with 6.7 percent after trading 753,355 shares.
Trading averages 215,741 units at $1,538,695, compared to 318,653 shares at $3,723,710 on Tuesday and month to date, an average of 312,513 units at $3,563,672, compared to 319,205 units at $3,703,697 on Tuesday. August closed with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments fell $2.49 to $91.51, with 45,486 shares changing hands, Caribbean Cement declined $2 to close at $101 with the swapping of 5,329 units, GraceKennedy shed 69 cents in closing at $98.80 after swapping 65,023 stocks. Guardian Holdings slid $5 to $580 in trading 1,341 stock units, Jamaica Broilers declined $3.10 to $25, with 171,105 units crossing the exchange, Margaritaville rose 80 cents to $15 in exchanging 220 shares. Mayberry Investments lost 30 cents to finish at $5.70 in trading 143,039 stocks, Palace Amusement dropped $148 in closing at $902 in an exchange of 70 stock units, PanJam Investment shed 50 cents to $62 with the swapping of 50,000 shares. Proven Investments spiked 53 cents to $32.90 with 6,350 stocks crossing the market, Salada Foods lost 30 cents to end at $6.20 in trading 51,666 stock units, after trading as low as $5.52, during the trading session.
Scotia Group popped 45 cents to $40 with an exchange of 90,230 units, Seprod lost 35 cents to close at $63.65, with 291,051 stock units clearing the market, Supreme Ventures rose 85 cents in closing at $18.85 after switching ownership of 115,950 units and Sygnus Credit Investments gained 38 cents in ending at $15.88 and exchanging 38,335 stocks.
In the corporate bond segment, Guardian Holdings 7% due 2027 bond rose 30 cents to $102.65 after trading 500,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The All Jamaican Composite Index dipped 77.60 points to settle at 446,702.48, the Main Index fell 447.04 points to 406,641.06 and the JSE Financial Index lost 0.09 points to end at 98.82.
Trading averages 196,056 units at $5,676,218, compared to 96,394 shares at $1,072,847 on Wednesday and month to date, an average of 355,670 units at $4,146,467, compared to 371,981 units at $3,990,142 on Wednesday. August closed with an average of 480,039 units at $8,561,549.
PanJam Investment popped $3 to $65 780 after stock units crossed the market, Portland JSX dropped 97 cents in closing at $7.03 after 1,754 shares changed hands, Proven Investments increased 54 cents to close at $31.60 after exchanging 30,082 stocks. Sagicor Group climbed $1 to close at $54 while trading 285,469 units, Scotia Group gained $1.30 to close at $39.90 after exchanging 3,566 stocks, Seprod spiked $2 to $66 in trading 9,079 units. Supreme Ventures lost 49 cents to end at $17.51, with 9,378 shares changing hands, Sygnus Credit Investments rallied 52 cents to end at $15.89 while exchanging 2,845 stock units and Wisynco Group popped 23 cents to $15.98 with the swapping of 363,061 shares.
The All Jamaican Composite Index rose 103.47 points to 446,780.08, the Main Index advanced 325.79 points to 407,088.10 and JSE Financial Index popped 0.03 points to end at 98.91.
Investor’s Choice bid-offer indicator shows sixteen stocks ended with bids higher than their last selling prices and two with lower offers.
Sagicor Group slipped $1 to $53 in exchanging 17,365 shares, Scotia Group shed 96 cents to end at $38.60 after a transfer of 68,535 stocks, Seprod declined $2 to $64 with an exchange of 5,832 units. Supreme Ventures fell 50 cents to $18 in switching ownership of 241 shares, Sygnus Credit Investments dipped 33 cents to $15.37 in trading 9,182 stock units.
A total of 50 securities traded, up from 47 on Monday, with 19 stocks rising, 21 declining and 10 ending unchanged. The All Jamaican Composite Index lost 2,373.95 points to 446,676.61, the Main Index fell 1,989.08 points to settle at 406,762.31 and the JSE Financial Index fell 0.32 points to 98.88.
Sagicor Group lost $1 to end at $54 after exchanging 1,081,424 stock units, Scotia Group rallied $1.01 to $39.56 in an exchange of 22,570 shares, Seprod popped $1 to close at $66 with 2,078 stocks changing hands. Stanley Motta declined 60 cents to $5 after trading 48,000 units and Supreme Ventures shed 50 cents to close at $18.50, with 65,781 stock units crossing the market.
The market closed with 13,470,929 shares trading for $130,674,709 versus 12,534,457 units at $121,087,956 on Thursday. Pulse Investments led trading with 36.6 percent of total volume after trading 4.93 million shares, followed by Transjamaican Highway 22.5 percent, with 3.03 million units and Wigton Windfarm 13.1 percent, with 1.76 million units changing hands.
Trading ended with 44 securities compared to 51 on Thursday, with 21 stocks rising, 13 declining and 10 ending unchanged.
Pulse Investments rose 58 cents in closing at $4.10 with 4,934,043 shares crossing the market. Scotia Group rallied 50 cents to $39.50 in exchanging 38,983 stocks, Seprod spiked 50 cents to $65 with the swapping of 176,170 units, Supreme Ventures popped 55 cents to $18.10 with 34,730 stock units crossing the market and Sygnus Credit Investments fell 53 cents to $15.16 in trading 43,083 shares.
The All Jamaican Composite Index dropped 2,742.24 points to close at 448,496.34, the Main Index declined 2,069.01 points to 408,308.74 and the JSE Financial Index shed 0.53 points to end 99.08.
Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and four with lower offers.
PanJam Investment increased $2 to end at $64 in an exchange of 2,877 shares, Pulse Investments dropped 36 cents to $3.52 after exchanging 4,085,000 stock units, Sagicor Group fell $1 to $55 while exchanging 24,140 stocks. Scotia Group popped 49 cents in closing at $39 with an exchange of 832,069 shares after the price hit a 52 weeks’ intraday low of $38 and Supreme Ventures shed 55 cents to close at $17.55, trading 9,281 units.
Trading averages 500,714 units at $4,373,298 compared to 324,126 shares at $1,508,952 on Friday and month to date, an average of 292,789 units at $2,102,896, compared to 228,400 units at $1,399,804 on Friday. August closed with an average of 480,039 units at $8,561,549.
NCB Financial spiked $2 to $130 in trading 1,002,106 shares, PanJam Investment lost $1 to close at $62 in an exchange of 18,348 stocks, Pulse Investments popped advanced 27 cents to $3.80 after exchanging 2,998,236 units. Radio Jamaica jumped 68 cents to $3.85, trading 670,770 units, Sagicor Group popped $2.39 to $57.39 after trading 52,177 stocks, Scotia Group gained 50 cents in ending at $40, with 665,109 shares crossing the exchange. Seprod rallied $1.26 to $64.75, trading 11,304 stock units and Sygnus Credit Investments declined 64 cents to $15.66, trading 74,497 shares.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and four stocks with lower offers.
Sagicor Group fell $1 to $55 with the swapping of 64,105 shares, Salada Foods lost 24 cents in closing at $7.01 after 49,882 stock units crossed the market, Seprod shed $1.50 to settle at $63.49 with 13,866 stocks changing hands, Supreme Ventures lost 28 cents to close at $17.77 in trading 23,689 shares and Wigton Windfarm lost 3 cents to close at a 52 weeks’ low of 50 cents, trading 6,607,371 stocks, as investors continue to desert the stock.
At the close, Barita Investments fell $1.43 to $90.97 in switching ownership of 188,629 shares, Caribbean Cement rose $1.20 to $107.20 in exchanging 2,613 stocks, Caribbean Producers gained 29 cents to end at $4.64 with 16,300 shares crossing the exchange, Eppley Caribbean Property Fund dropped $6.75 to $40 in trading 8,108 stock units, GraceKennedy slipped 50 cents to $101.50 with a transfer of 38,713 stocks, Guardian Holdings spiked $9 to $599 with 892 units changing hands, Jamaica Broilers fell $1.45 to $33 with the swapping of 104,714 shares. Jamaica Producers declined $2.45 to $22.05 after 288,971 stocks cleared the market, Jamaica Stock Exchange shed 80 cents to close at $17.20 in transferring 3,410 stock units, Key Insurance popped 22 cents to $4.43 after exchanging 11,302 stocks. Mayberry Investments rallied 25 cents to $6 in exchanging 35,530 units, NCB Financial declined $2.99 to $130 in switching ownership of 5,487 shares, Palace Amusement dropped $135.99 to end at $999 with 152 stock units changing hands, Portland JSX shed 98 cents to $7.02 with the swapping of 23 stocks. 
Proven Investments fell 92 cents to $33.03 with 8,471 stock units crossing the market, Radio Jamaica rallied 25 cents to $3.75 in an exchange of 396,352 shares. Sagicor Group shed $1 in, ending at $57 after switching ownership of 10,741 stocks, Seprod popped $1.21 to $66 in trading 4,387 shares.
Trading averaged 305,774 units at $16,700,628, compared to 319,594 shares at $3,515,324 on Friday and month to date an average of 487,063 units at $8,855,423, in contrast to 497,417 units at $8,407,376 on Friday. July closed with an average of 322,932 units at $15,201,099.
Kingston Properties climbed $1.25 to $10.25 with 220 stock units traded, Kingston Wharves dropped $2 to $46.50 with an exchange of100,933 shares, Mayberry Investments advanced 39 cents to $6.14 with investors switching ownership of 2,636 units. Mayberry Jamaican Equities lost 25 cents to end at $9 with 24,756 stocks changing hands, NCB Financial Group climbed 90 cents to $132 with an exchange of 5,809,459 shares, Palace Amusement shed $5.01 to close at $1134.99 with 10 stocks traded.PanJam Investment dropped $1 to $62 with a transfer of 3,253 units, Scotia Group fell 65 cents to $38.80 with 29,179 stock units passing through the market, Seprod declined $3.99 to $64 with 10,001 stocks changing hands and Sygnus Credit Investments advanced $1.35 to $16.35 with 1,262,824 shares crossing the exchange after the company posted strong gains in full year’s profit.