Proven Investments

Trading climbs on JSE US$ Market

April 8, 2020 by IC Insider.com

Thanks to a rise in trading of JMMB Group preference shares and Trans Jamaica Highway, volume trading on the JSE US dollar Market rose on Wednesday over that on Tuesday as investors exchanged seven securities.
The usual large volume traded by the recently listed Trans Jamaica Highway remained moderate on Wednesday, with just over 100,000 shares changing hands.
Market activity resulted in seven securities changing hands, with three stocks rising and four declining. The volume of shares traded was 291,094 units, with a value of US$266,784, in contrast to 34,926 units for US$4,838 on Tuesday.
At the close, the market index lost 0.18 points to 204.63 and the PE ratio of the market closed with an average of 13.8 times 2020 earnings.
First Rock Capital gained of 0.9 of a cent and closed trading with 3,000 units at 9 US cents, JMMB Group 5.75% preference share lost 1 cent to end at US$2.12, after exchanging 116,312 shares, JMMB Group 6% preference share gained 2 cents with 1,000 units crossing the exchange and closed at US$1.02. Proven Investments picked up half a cent to end at 26 US cents, with 62,971 shares changing hands, Sterling Investments ended at 2.3 US cents, after losing 0.2 of a cent after swapping 5,000 units. Sygnus Credit Investments closed at 14 US cents, with a loss of 1 cent in trading 1,415 units and Trans Jamaican Highway ended at 1.04 US cents, with the loss of 0.02 of a cent in exchanging 101,396 shares.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

JSE US dollar market in modest trading

April 7, 2020 by IC Insider.com

The Jamaica Stock Exchange, US dollar market, closed on Tuesday, with modest trading as just four securities changed hands. Trading resulted in only 4,926 shares valued at US$4,838 trading as the recently listed Trans Jamaica Highway that traded recently in mostly large volumes exchanged just 10,004 shares at the close.
Market activity closed with no stock rising, while three declined and one closed trading unchanged. The volume of shares traded fell to 34,926 units with a value of US$4,838, in contrast to 4,049,404 units for US$90,280 on Monday. At the close, the market fell by 1.58 points to 204.81, taking the year to date loss to 9.5 percent, less than half of the losses in the Main and Junior markets. The PE ratio of the market closed with an average of 13.9 times 2020 earnings.
Margaritaville exchanged 4,397 units to close at 20.1 US cents, after falling 3.9 cents, Proven Investments shed half of a cent to close at 25.5 US cents, with 7,325 units changing hands. Sygnus Credit Investments transferred 13,200 units at 15 US cents and Trans Jamaican Highway ended at 1.06 US cents, with a loss of 0.01 of a cent after trading 10,004 stock units.

Filed Under: Global Market, Stock Market Tagged With: Daily Trading, Emerging markets, Jamaica Stock Exchange, Jamaican stocks, JSE US dollar marketFirst Rock Capital, Margaritaville Turks, Proven Investments, Sygnus Credit Investments, Trading Activity, Trans Jamaica Highway

JSE Main Market climbs on Tuesday

April 7, 2020 by IC Insider.com

JSE Main Market continues to recover lost grounds on Tuesday, but the gains were moderate at less than 1,000 points as trading surged sharply over Monday’s trading levels.

The JSE Main market continues to claw back some of the March losses but faces a series of resistance points above.

At the close of the market, the JSE All Jamaican Composite Index advanced by 845.58 points to 426,518.42, the JSE Market Index gained 743.85 points to 388,653.94 and the JSE Financial Index added 0.29 points to 106.61.
The market closed with 46 securities changing hands in the Main and US dollar markets with prices of 21 stocks advancing, 13 declining and 12 securities trading firm. The JSE Main Market activity ended with 42 securities changing hands and accounting for 93,346,989 units valued at $195,317,440, in contrast to 24,630,786 units valued at $77,117,092 from a similar number of securities on Monday.
Radio Jamaica led trading with 50.4 million shares for 54 percent of total volume, Trans Jamaican Highway followed with 32.4 million units for 34.7 percent of the day’s trade and Wigton Windfarm with 3.6 million units for 3.8 percent market share. Sagicor Select Financial Fund, the only other stock trading more than one million units, ended the day with an exchange of 2.1 million shares.
The Market closed with an average of 2,222,547 units valued at an average of $4,650,415 for each security traded, in contrast to 586,447 units valued at an average of $1,836,121 on Monday. The average volume and value for the month to date amount to 936,106 units valued at $3,341,554 for each security changing hands, compared to 606,651 units valued at $3,006,358 for each security traded. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows eight stocks ending with bids higher than their last selling prices and four stocks closing with lower offers. The PE ratio of the market ended at 14.4, while the Main Market ended at 14.7 times 2020/21 earnings.
In the Main Market, Barita Investments rose $1.40 to $58, with the swapping of 4,064 shares, Eppley closed $1.75 higher to $17.75, in trading just 200 stock units, First Rock Capital picked up 90 cents to finish at $10.50, with 7,761 units changing hands. Grace Kennedy gained 60 cents transferring 28,722 shares and closed at $57.60, Jamaica Producers ended at $20.50, after rising 35 cents trading 27,594 units, Jamaica Stock Exchange closed 75 cents higher at $23, in transferring 47,617 shares. JMMB Group finished at $38.74, after picking up 74 cents and exchanging 49,965 stock units, Mayberry lost 30 cents to close at $5.70, with 193,000 shares crossing the exchange, MPC Caribbean Clean Energy dropped $5 to close at $140 after trading 957 stock units. NCB Financial Group climbed $3 to $158, with 69,263 shares changing hands, 138 Student Living fell by $1.10 to $5.90 trading 10,400 units, PanJam Investment shed 97 cents to close at $75, with an exchange of 93,034 shares. Sagicor Group lost 75 cents to end at $49.75, after swapping 120,363 stock units, Salada Foods gained 48 cents to finish at $32.70, with 4,604 units changing hands, Supreme Ventures climbed $1.33 to $15.99, with an exchange of 112,333 shares. Victoria Mutual Investments ended the day at $7.70, after gaining 35 cents and transferring 293,021 shares and Wisynco Group added 61 cents to finish at $16, in trading 560,505 shares.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Trans Jamaica Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

JSE Main Market recovers 30% of losses

April 6, 2020 by IC Insider.com

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JSE Main market recovering from a huge fall in March.

Jamaica Stock Exchange Main Market continued its recovery from the huge March plunge in putting in another robust performance on Monday and recovered 50,581.75 points since the market bottomed on March 25 and nearly a third of the 154,631.13 points tumbled from the beginning of March to the low in the month.
At the close of trading, the JSE All Jamaican Composite Index advanced 3,320.99 points to end at 425,672.84, the JSE Market Index climbed 3,004.85 points to 387,910.09 and the JSE Financial Index added 0.88 points to 106.32.
The market closed with 46 securities changing hands in the Main and US dollar markets with prices of 20 stocks advancing, 20 stocks declining, with six securities trading firm. The JSE Main Market activity ended with 42 securities accounting for 24,630,786 units valued at $77,117,092, in contrast to 33,384,287 units valued at $221,730,878 from 42 securities on Friday.
Trans Jamaican Highway led trading with 10.4 million shares for 42 percent of total volume. Wigton Windfarm followed, with 8.5 million units for 34.6 percent of the day’s trade and Trans Jamaican Highway trading in the US dollar market accounted for 3.8 million units for the equivalent of 15.6 percent of the Main Market’s volume. Other stocks trading more than one million units were Sagicor Select Financial Fund, with 2.3 million shares and Wisynco Group with 1.3 million units.
The Market closed with an average of 586,447 units valued $1,836,121 for each security traded, in contrast to 794,864 units valued at an average of $5,279,307 on Friday. The average volume and value for the month to date amount to 606,651 units valued at $3,006,358 for each security changing hands, compared to 613,607 units valued at $3,409,226 for each security traded. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and three stocks closing with lower offers. The PE ratio of the market ended at 14.4, while the Main Market ended at 14.6 times 2020/21 projected earnings.
In the Main Market, Barita Investments ended with a loss of $1.40 in exchanging 22,858 units and closed at $56.60, Caribbean Cement gained 51 cents to finish at $44 trading 30,861 shares, Eppley Caribbean Property Fund rose $2.25 to end at $37.25 while transferring 534 units. First Rock Capital closed 40 cents lower at $9.60, with 50,007 shares crossing the exchange, Jamaica Broilers declined $3.52 to $29, with 48,411 shares changing hands, Jamaica Producers gained $1.04 to close at $20.15 transferring 15,332 units. Mayberry Jamaican Equities closed $1.20 higher to reach $9.10, in trading 59,464 shares, MPC Caribbean Clean Energy advanced by $5 to $145, with an exchange of 344 stock units, NCB Financial Group climbed $2.09 to $155 in swapping 37,820 shares. Sagicor Group added $1.75 to end at $50.50, with 89,434 shares changing hands, Salada Foods dropped $3.78 to finish at $32.22, after transferring 471 units, Seprod closed $1 lower to $48.50, with an exchange of 11,674 units. Stanley Motta shed 30 cents to end at $5.50 trading 22,100 units, Sterling Investments picked up 35 cents to close at $2.85, with a transfer of 145,739 shares, Sygnus Credit Investments lost $1.96 ended at $17.03, after exchanging 103,764 shares and Wisynco Group rose $1.49 to $15.39, in swapping 1,312,997 shares.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Productive Business Solution, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Trans Jamaica Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

JSE US dollar market slips

April 6, 2020 by IC Insider.com

The JSE US dollar market slipped in trading on Monday with five securities crossed the exchange with prices of two declining and two stocks rising as Trans Jamaica Highway continues to trade in large volumes.

The JSE US dollar market has held up reasonably well in trading recently against the background of major fall in the JSE Main Market.

At the close of trading, the volume of stocks climbed to 4,049,404 units with a value of US$90,280, in contrast to 827,966 units for US$86,577 on Friday. At the close, the market lost 0.84 points to end at 206.39, with the PE ratio of the market closing with an average of 14.2 times 2020 earnings.
In trading, First Rock Capital lost 1 cent to close at 8.1 US cents, after trading 8,900 units, Proven Investments declined by 1 cent and ended at 26 US cents after exchanging 175,138 shares. Sygnus Credit Investments swapped 19,666 units at 15 US cents and Trans Jamaican Highway, which accounted for 95 percent of the market’s volume, traded 3,845,700 and rose 0.1 of a cent to close at 1.07 US cents.

Filed Under: Global Market, Stock Market Tagged With: Daily Trading, Emerging markets, First Rock Capital, Jamaica Stock Exchange, Jamaican stocks, JSE US dollar market, Proven Investments, Sygnus Credit Investments, Trading Activity, Trans Jamaica Highway

More gains for JSE Main Market

April 3, 2020 by IC Insider.com

The Main Market of the Jamaica Stock Exchange closed higher for the sixth time out of the last seven trading days and recovered 47,260.76 points of the losses in March, to be up 13 percent from the recent lows of 375,091.09 points, reached on 25^th of March on the JSE All Jamaican Composite Index.

JSE Main market continuing to bounce off resistance at 375,000 points reached on March 25.

At the close of the market on Friday, the JSE All Jamaican Composite Index jumped 4,851.68 points to 422,351.85, the JSE Market Index climbed 4,394.76 points to 384,905.24 and the JSE Financial Index added 1.51 points to 105.44.
The market closed with 47 securities changing hands in the Main and US dollar markets with prices of 25 stocks advancing, 15 declining and 4 securities trading firm. The JSE Main Market activity ended with 42 securities accounting for 33,384,287 units valued at $221,730,878, in contrast to 19,058,509 units valued at $80,731,137 from 40 securities on Thursday.
Trans Jamaican Highway led trading with 21.5 million shares for 64.4 percent of total volume, followed by Wigton Windfarm with 2.6 million units for 7.9 percent of the day’s trade and Sagicor Select Financial Fund with 1.9 million units for 5.6 percent market share. Sagicor Select Manufacturing & Distribution Fund ended with 1.1 million shares and was the only other stock trading more than one million units.
The Market closed with an average of 794,864 units valued at an average of $5,279,307 for each security traded, in contrast to 476,463 units valued at an average of $2,018,278 on Thursday. The average volume and value for the month to date amount to 613,607 units valued at $3,409,226 for each security changing hands. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and two stocks closing with lower offers. The PE ratio of the market ended at 14.2, while the Main Market ended at 14.4 times 2020/21 earnings.
In the Main Market, Barita Investments climbed $5 to reach $58, with 41,623 shares changing hands, Berger Paints fell $3 to $11.50, after trading 24,768 units, Caribbean Cement added 54 cents to close $43.49, in swapping 61,554 shares. Eppley closed $1 higher at $16, with14,000 units crossing the exchange, Eppley Caribbean Property Fund dropped $4 to end at $35, in trading a mere 200 units, First Rock Capital lost 50 cents to finish at $10, with a transfer of 17,200 units. Grace Kennedy shed 60 cents to close at $57 in exchanging 722,937 shares, Jamaica Broilers gained 52 cents, in swapping 291,710 shares to end at $32.52, Jamaica Producers picked up 41 cents to close at $19.11 after trading 5,891 units. Kingston Wharves closed 50 cents higher to finish at $44, with 21,556 units traded, MPC Caribbean Clean Energy advanced $5 to $140 after exchanging 1,512 stock units, NCB Financial Group climbed to $152.91, with gains of $2.66 with 265,789 shares changing hands. PanJam Investments fell by $2 to $76 in swapping 225,872 shares, Portland JSX shed 70 cents to finish at $7.30, with an exchange of 38,667 units, Proven Investments closed at $39.70, after rising $2.20 and trading 11,126 units. Sagicor Group picked up 81 cents to end at $48.75, in transferring 73,620 shares, Sagicor Real Estate Fund closed 45 cents lower at $7.25 with 81,200 stock units crossing the exchange, Salada Foods jumped $6 to $36, after exchanging 59,400 units. Seprod closed $1.50 higher to $49.50, with a transfer of 65,614 shares and Supreme Ventures gained 40 cents to end at $14.40, with 248,813 shares changing hands.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Productive Business Solution, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Trans Jamaica Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

JSE US market slipped moderately

April 3, 2020 by IC Insider.com

The Jamaica Stock Exchange, US dollar market Index, lost 1.47 points to close at 207.23 with five securities changing hands. At the close of trading, the PE ratio of the market was an average of 14.3 times 2020 earnings.
The market closed with three stocks rising and two declining. The volume of stocks passing through the market rose to 827,966 shares valued at US$14,632 compared to 651,114 shares valued at US$42,388 on Thursday.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of two stocks higher than their last selling prices and one with a lower offer.
Market activity resulted in, accounting for 651,114 units traded with a value of US$36,182, in contrast to 486,504 units for US$42,388 on Wednesday.
In trading, First Rock Capital rose by 0.1 of a cent to end at 9.1 US cents, after 27,143 stock units crossed the exchange, Proven Investments exchanged 274,694 shares with a rise of one cent to close at 27 US cents. Sygnus Credit Investments shed 1.5 cents to end at 15 US cents, in swapping 21,500 units and Trans Jamaican Highway fell 0.07 of a cent in accounting for 60 percent of the day’s volume ended with an exchange of 500,00 shares at 1 US cent. In the preference section, JMMB Group 6% traded just 629 shares to close at US$1.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

Filed Under: Global Market, Stock Market Tagged With: Daily Trading, Emerging markets, First Rock Capital, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Proven Investments, Sygnus Credit Investments, Trading Activity, Trans Jamaica Highway

More recovery for JSE Main Market

April 2, 2020 by IC Insider.com

The Main Market of the Jamaica Stock Exchange closed higher on reduced volume less dollar valued than on Wednesday as three stocks rose for every two that declined, leading to the JSE All Jamaican Composite Index jumping 3,216.72 points to 417,500.17. The JSE Market Index climbed 2,911.92 points to 380,510.48 and the JSE Financial Index adding just 0.30 points to 103.93.
The market closed with 45 securities changing hands in the Main and US dollar markets with prices of 21 stocks advancing, 14 declining and ten securities trading firm. JSE Main Market activity ended with 40 securities accounting for 19,058,509 units valued at $80,731,137, in contrast to 22,417,248 units valued at $113,463,573 from 40 securities on Wednesday.
Trans Jamaican Highway led trading with 10.3 million shares for 54.3 percent of total volume, followed by Wigton Windfarm with 3.4 million units for 17.7 percent of the day’s trade and Wisynco Group with 1.4 million units for 7 percent of the market share. Sagicor Select Financial Fund was the only other stock trading more than one million units, with 1.05 million shares.
The Market closed with an average of 476,463 units valued at an average of $2,018,278 for each security traded, in contrast to 560,431 units valued at an average of $2,836,589 on Wednesday. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine 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 14.4, while the Main Market ended at 14.6 times 2020/21 earnings.
In Main Market trading, Barita Investments lost $1, closing at $53 with an exchange of 14,539 shares, Berger Paints added 50 cents trading 5,309 units to end at $14.50, Caribbean Cement climbed $3.95 to $42.95, with 169,098 shares crossing the exchange. Eppley traded at $15, after rising $2.50 and transferring 6,222 units, First Rock Capital gained 95 cents to finish at $10.50, in swapping 14,181 shares, Grace Kennedy picked up 60 cents to close at $57.60, with 17,231 shares changing hands. Jamaica Broilers closed with a loss of $1, transferring 138,933 shares to end at $32, Jamaica Producers fell by $2.31 to $18.70 after trading 35,872 shares, Jamaica Stock Exchange shed 50 cents to close at $22.50, with an exchange of 40,317 shares. JMMB Group closed 54 cents lower to $38, in swapping 171,356 shares, NCB Financial Group declined to $150.25, with a loss of $4.74 and trading 36,785 stock units. Proven Investments added 90 cents to finish at $37.50, with 11,664 units crossing the exchange, Scotia Group climbed $1.49 to $47.99 in transferring 18,664 units, Seprod closed 50 cents higher at $48, in exchanging 25,496 shares. Stanley Motta gained 80 cents in swapping 200 units and finished at $5.80, Supreme Ventures picked up 43 cents to end at $14, with 17,488 units changing hands, Sygnus Credit Investments closed at $18.90, with gains of $1.87 trading 12,280 stock units and Wisynco Group rose 60 cents to $13.90, with a transfer of 1,360,292 shares.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Eppley, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Trans Jamaica Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

JSE US dollar market jumps over 3%

April 2, 2020 by IC Insider.com

The Jamaica Stock Exchange, US dollar market, rose by 3.2 percent with the market index climbing 6.44 points to close at 208.70, with the year to date decline being 7.7 percent. At the close of trading, the PE ratio of the market was an average of 14.5 times 2020 earnings.
Market activity resulted in five securities changing hands, accounting for 651,114 units traded with a value of US$36,182, in contrast to 486,504 units for US$42,388 on Wednesday.
In trading activity, First Rock Capital rose by 0.9 of a cent to end at 9 US cents, after 4,100 stock units crossed the exchange, Proven Investments exchanged 114,693 shares at 26 US cents, Sterling Investments rose half a cent to 2.5 US cents after trading 10,000 units. Sygnus Credit Investments climbed 4.5 cents higher to 16.5 US cents in swapping 1,000 units and Trans Jamaican Highway in accounting for 80 percent of the day’s volume ended with an exchange of 521,321 shares at 1.07 US cents.

Prices of securities trading are those for the day’s last transaction unless otherwise stated.

Filed Under: Global Market, Stock Market Tagged With: Daily Trading, Emerging markets, Equityline Mortgage Investments, First Rock Capital, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Productive Business Solution, Proven Investments, Sterling Investments, Sygnus Credit Investments, Trading Activity, Trans Jamaica Highway

JSE Main Market starts Q2 with a fall

April 1, 2020 by IC Insider.com

Jamaica Stock Exchange started the second quarter of 2020 with losses in the leading indices after racking substantial gains ahead on the month-end. The market closed with 40 securities changing hands with prices of 22 stocks advancing, 21 declining and two trading firm.
At the close, the JSE All Jamaican Composite Index declined 1,819.45 points to 414,283.45, the JSE Market Index dropped 1,643.55 points to 377,598.56, but the JSE Financial Index rose 0.33 points to 103.63.
The JSE Main Market activity ended with 22,417,248 units valued at $113,463,573, in contrast to 46,241,343 units valued at $672,264,195 from 42 securities on Tuesday.
Trans Jamaican Highway led trading with 9.3 million shares for 42 percent of total volume followed by Wigton Windfarm with 4.1 million units for 18.3 percent of the day’s trade, and Sagicor Select Financial Fund with 1.7 million units for 7.5 percent of the market’s volume. QWI Investments was the only stock trading more than one million units, with 1.4 million shares.
The Market closed with an average of 560,431 units valued at an average of $2,836,589 for each security traded, in contrast to 1,100,984 units valued at an average of $16,006,290 on Tuesday. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows eight stocks ending with bids higher than their last selling prices and two stocks closing with lower offers. The PE ratio of the market ended at 14.2, while the Main Market ended at 14.5 times 2020/21 earnings.
In the Main Market, Barita Investments tumbled $5 to $54, after exchanging 51,460 shares, Berger Paints closed $2.96 higher to $14, in transferring 50,404 units, Caribbean Cement dumped $6.50 in trading 162,574 stock units and closed at $39. Eppley Caribbean Property Fund ended at $39, with a loss of 50 cents after swapping 13,580 shares, First Rock Capital shed 44 cents to finish at $9.55, with 8,508 units changing hands, Grace Kennedy ended $3 lower to close at $57, in trading 82,834 shares. Jamaica Broilers climbed $3 to $33 after transferring 99,832 stock units, Jamaica Producers ended at $21.01, after losing $1.99 and exchanging 17,100 units, Jamaica Stock Exchange lost 50 cents to close at $23, with 105,597 shares traded. JMMB Group closed $1.44 lower to $38.54, in swapping 110,895 shares, Kingston Wharves added 59 cents to finish at $43.50, in trading 12,358 units, Mayberry Investments picked up 44 cents to close at $5.99, with 81,015 units crossing the exchange. NCB Financial Group advanced to $154.99, with gains of $4.99 and swapping 57,909 units, 138 Student Living climbed $1.34 to $6.99, after transferring 15,500 units, PanJam Investment ended at $78, with a loss of $1 trading 63,834 units. Portland JSX gained 70 cents exchanging 2,090 units and closed at $8, Proven Investments ended at $36.60, after climbing $1.60 and transferring 14,113 stock units, Sagicor Group closed $4.40 lower to $48, in swapping 101,381 shares. Salada Foods ended the day at $30, after gaining $1 trading 200 units, Scotia Group dropped $1.49 to finish at $46.50, with 29,841 units changing hands, Seprod added 50 cents to transferring 254,512 shares and closed at $47.50. Stanley Motta shed 75 cents with an exchange of 6,000 units to end at $5, Supreme Ventures gained 57 cents and closed at $13.57, in swapping 561,955 shares, Sygnus Credit Investments ended at $17.03, with a loss of 97 cents trading 99,934 units and Wisynco Group closed $1.39 lower to $13.30 exchanging 1,657,479 shares.