Trans Jamaican Highway is once more the most dominant traded stock in the Jamaica Stock Exchange US dollar market on Thursday, accounting for 97 percent of the day’s volume, just a fraction up on Wednesday’s level of 96.6 percent of the total volume traded.
Trading resulted in five securities changing hands accounting for 5,389,685 units crossing the exchange for US$89,826. At the close, the market advanced 9.58 points to close at 196.93 to be down 13 percent for the year to date.
In trading, First Rock Capital exchanged 12,089 units at 9 US cents, Productive Business Solutions gained 7 cents to end at 77 US cents, with 377 units changing hands, Proven Investments had 150,000 shares crossing the exchange at 24 US cents. Sygnus Credit Investments closed at 13 US cents after exchanging 1,600 units and Trans Jamaican Highway rose 0.1 of a cent to close at 1 US cent, in trading 5,225,619 units.
Prices of securities trading are those for the day’s last transaction unless otherwise stated.
The average volume and value for the month to date amount to 899,129 units valued at $6,578,450 for each security changing hands compared to 775,631 units valued at $6,653,987 for each company traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
Kingston Wharves closed, with gains of $2 at $44 in trading 2,440 stock units, Mayberry Investments lost 50 cents transferring 27,849 shares to end at a 52 weeks’ low of $5. NCB Financial advanced $5 to $145, trading 67,140 units, 138 Student Living gained 39 cents to close at $4.50, with an exchange of 481 shares, PanJam Investment declined $2 to $78, with 49,817 units crossing the exchange. Portland JSX shed 50 cents trading 17,000 stock units and closed at $7.30, Proven Investments fell $4.98 to $32.50, after transferring 9,581 units, Sagicor Real Estate Fund lost 40 cents to close at $7.40, in swapping 900 stock units. Scotia Group closed 99 cents lower to end at $37, in exchanging 117,469 shares, Seprod ended the day’s trade at $36, with gains of $1 after 10,932 shares changed hands, Stanley Motta added 44 cents with a transfer of 25,175 units to end at $5.74. Sterling Investments closed 65 cents higher to $2.90, trading 116,210 shares, Supreme Investments ended at $14.99, after gaining 99 cents exchanging 433,163 stock units and Wisynco Group closed at $12.79, with a loss of 79 cents after trading 161,608 shares.
The other big move for the day, was the substantial fall of $16 in the shares of NCB Financial to close at $140, the lowest price of in a year.
The Market closed with an average of 1,817,851 units valued $11,653,928 for each security traded, in contrast to 640,893 units valued at an average of $8,466,980 on Monday. The average volume and value for the month to date amount to 775,631 units valued at $6,653,987 for each security changing hands compared to 708,783 units valued at 6,313,433 for each security traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
NCB Financial dropped $16 to a 52 weeks’ low of $140, after trading 2,289,514 units, 138 Student Living lost 30 cents to close at $4.11, with 36,389 shares crossing the exchange, Proven Investments slid to $37.48, after losing $1.02 with 21,006 stock units changing hands. Sagicor Group shed $3 after exchanging 186,808 units and closed at $40, Scotia Group fell by $2.01 to close at a 52 weeks’ low of $37.99, in trading 138,446 shares, Seprod ended at $35, with a loss of $2 in swapping 94,065 units. Stanley Motta closed 30 cents higher with a transfer of 11,000 stock units $5.30, Supreme Investments ended at $14, after a loss of $1 and trading 206,576 shares. Sygnus Credit Investments lost 55 cents to close at $17, in transferring 202,528 stock units, Victoria Mutual Investments slipped to $6.30 after losing 39 cents with 176,895 units changing hands and Wisynco Group closed at $13.49, with gains of 99 cents after exchanging 493,269 shares.
The market closed with 45 securities changing hands in the Main and US dollar markets with prices of 17 stocks advancing, 17 declining and 11 securities trading firm. The JSE Main Market activity ended with 41 securities accounting for 26,276,614 units valued at $347,146,174, in contrast to 36,332,153 units valued at $175,354,038 from 42 securities on Friday.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows 11 stocks ending with bids higher than their last selling prices and six stocks closing with lower offers. The PE ratio of the market ended at 14.5, while the Main Market ended at 13.3 times 2019 earnings.
Salada Foods shed $1 to $25, with 9,100 units changing hands, Stanley Motta ended 79 cents higher with 57,275 shares changing hands and settled at $5. Sterling Investments gained 28 cents to close at $2.50 swapping 58,805 stock units. Supreme Investments ended at $15, with gains of 50 cents trading 51,500 units, Sygnus Credit Investments shed 45 cents to close at $17.55, in transferring 136,312 shares. Victoria Mutual Investments lost 31 cents with 335,283 shares crossing the exchange and closed at $6.69 and Wisynco Group lost $2.20 in closing at $12.50, after exchanging 576,137 shares.
At the close, the JSE All Jamaican Composite Index plunged by 8,884.77 points to 403,150.10. The JSE Market Index dropped 8,035.44 points to 367,554.61, off 28 percent for 2020 so far and the JSE Financial Index fell by 2.27 points to 102.61 with a fall of 25.4 percent for the year to date.
Wigton Windfarm led trading with 17 million shares for 46.7 percent of total volume followed by Sagicor Select Financial Fund with 7.2 million units for 19.7 percent of the day’s trade and Sagicor Select Manufacturing & Distribution Fund with 4.3 million units for 12 percent market share. Other stocks trading more than one million units were QWI Investments with 2.2 million units and Sagicor Group, with 1.01 million shares.
Mayberry Jamaican Equities closed 50 cents higher at $6.50 with an exchange of 145,394 units, NCB Financial climbed $4.99 to $150, in transferring 212,384 units. Portland JSX settled at $7.80, with a loss of $1.10 trading 35,000 stock units, Proven Investments slid to $37, after falling by $2.79 with 8,819 shares crossing the exchange, Sagicor Group dropped $3.10 in swapping 1,012,113 units and closed at $49 after trading down to $43. Sagicor Real Estate Fund shed 99 cents trading 1,100 units to end at $7, Scotia Group dived by $6 to close at $40, with 340,790 shares changing hands, Seprod ended $2.50 higher with a transfer of 191,047 and settled at $37. Victoria Mutual Investments gained 67 cents trading 404,688 shares and closed at $7 and Wisynco Group closed at $14.70 after gaining 70 cents in swapping 540,430 shares.
Wigton Windfarm led trading with 5.7 million shares for 25.6 percent of total volume followed by Sagicor Select Financial Fund with 2.3 million units for 10.4 percent of the day’s trade and Sagicor Select Manufacturing & Distribution Fund with 2.3 million units for 10.3 percent market share. Barita Investments with 1.79 million shares and Jamaica Broilers, with 1.8 million shares, was the only other stock trading more than one million units.
JMMB Group closed $1.39 lower to $35.61, in trading 466,367 shares, Kingston Wharves slid $1.60 to $42, in swapping 624,349 units, PanJam Investment climbed $1 to $80 with an exchange of 564,828 shares, Portland JSX advanced by $1.10 to $8.90 after transferring 31,000 units, Sagicor Group climbed $6.10 to settle at $52.10, trading 537,957 stock units. Sagicor Real Estate Fund closed at $7.99, with a gain of $1.49 with 4,798 units crossing the exchange, Salada Foods picked up $ 1 swapping 229 units and closed at $26, Seprod shed 50 cents trading 60,448 to end the day’s trade at $34.50. Sterling Investments closed 40 cents lower to $2.20, with 301,662 shares changing hands, Supreme Ventures rose 60 cents to $14.50, with a transfer of 874,523 shares, Victoria Mutual Investments shed 67 cents and ended at $6.33, trading 237,971 shares and Wisynco Group declined by $2.70 to $14, with 347,564 units crossing the exchange.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows thirteen stocks ending with bids higher than their last selling prices and five stocks closing with lower offers. The PE ratio of the market ended at 15.3, while the Main Market ended at 14.3 times the 2019 earnings.
Scotia Group shed $1.18 to settle at $46.82, in swapping 81,985 stock units, Seprod lost 50 cents trading 42,597 units and closed at $40.50, Supreme Ventures ended at $16, with a loss of $1.82 transferring 459,765 shares. Sygnus Credit Investments lost 75 cents to end at $17.25, in swapping 49,449 shares and Wisynco Group declined by 38 cents to $16.62, after 277,802 shares changed hands.
In the Main Market, Barita Investments gained 80 cents trading 59,211 shares and closed at $62.30, Berger Paints added $1 to end at $13, in transferring 1,800 units, Caribbean Cement shed $2.99 to settle at $55.01, in exchanging 66,781 shares, Eppley closed at $13.50, after losing $2.50 swapping 2,654 units. Eppley Caribbean Property Fund ended $2.30 lower to $37.70, with 45,951 shares changing hands, First Rock Capital added 41 cents to finish at $12, in transferring 41,882 shares, Jamaica Stock Exchange fell to $23.05, with a loss of 94 cents in exchanging 108,430 shares. Kingston Properties gained 34 cents trading 6,026,693 units and closed at $5.84, Mayberry Jamaican Equities lost 30 cents to close at $9.60, with 2,500 units changing hands, MPC Caribbean Clean Energy advanced $2.98 to $149.98, in trading 300 units. PanJam Investment ended the day at $87.80, with a loss of $1.20 after transferring 63,172 shares, Portland JSX Fund ended $1.50 higher to settle at $9, in swapping 5,408 units, Proven Investments gained $1 to finish at $39.50, after trading 18,556 stock units. Pulse Investments lost 60 cents to close at $9.40, with an exchange of 75,638 shares, Sagicor Group dropped $3 to end at $57, in transferring 209,650 shares. 
Scotia Group added $1.40 to end at $53.40, after swapping 1,495 units, Seprod gained $1 trading 493,572 stock units and closed at $44, Stanley Motta closed 35 cents higher to $5.20, with an exchange of 88,500 units, Supreme Ventures closed at $19.30, after losing $1.70 transferring 364,466 shares. Sygnus Credit Investments closed at $18.91, with a loss of $2.04 swapping 110,256 stock units, Victoria Mutual Investments ended 84 cents higher to settle at $6.84, with 446,117 shares changing hands and Wisynco Group gained 50 cents to end trading 501,131 shares at $17.50.
The Market closed with an average of 697,250 units at $3,031,705 for each security traded, in contrast to 1,393,670 units valued at an average of $6,983,180 on Thursday. The average volume and value for the month to date amount to 734,052 units valued at $4,928,837 for each security changing hands compared to 924,613 units valued at $5,408,975 for each security traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
Sagicor Group lost 50 cents, ending the day at $60.60, with 188,479 stock units traded, Salada Foods closed with a loss of 50 cents at $28.50 in swapping 535 units. Scotia Group ended at $50, after losing 50 cents in transferring 112,800 stock units, after it traded down to an intraday 52 weeks’ low of $40. Seprod declined by $3 exchanging 69,800 shares to close at $42, Supreme Ventures lost 30 cents to end at a 52 weeks’ low of $19.70, with an exchange of 211,976 units, Sygnus Credit Investments lost $2.35 to close at $18.15 while transferring 455,294 shares. Victoria Mutual Investments shed 70 cents to end at $6.80, in trading 382,192 stock units and Wisynco Group closed $1.90 lower to $18.10 in exchanging 439,672 shares.
Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
Supreme Ventures lost $1 to end at $20, with 73,161 shares changing hands, Sygnus Credit Investments closed at $20.50, with a loss of $3.30 swapping 124,690 shares. Victoria Mutual Investments lost 50 cents to end at $7.50, in trading 295,373 shares, Wisynco Group lost $2.45 in transferring 495,518 shares at $20, and in the preference section, Productivity Business Solution closed with 5,000 units crossing the exchange and rose $5 to $105.
