The Main Market of the Jamaica Stock Exchange pulled back on Monday as declining stocks climbed sharply over declining ones leaving the All Jamaica Index down more than 1,700 points as the value of stocks trading climbed more than three times the amount on Friday.
At the close, the JSE All Jamaican Composite Index declined 1,739.08 points to 415,922.76, the JSE Market Index lost 1,591.95 points to 379,245.00 and the JSE Financial Index shed 0.59 points to 99.01. The PE ratio of the market ended at 14.8, while the Main Market ended at 15.0 times 2020-21 earnings.
The market closed with 51 securities changing hands in the Main and US dollar markets with prices of 16 stocks advancing, 24 declining and 11 securities trading firm. The JSE Main Market activity ended with 45 securities accounting for 18,388,256 units valued at $319,619,070, in contrast to 13,579,954 units valued at $104,517,041 from 37 securities on Friday.
Trans Jamaican Highway led trading with 3.1 million shares for 16.9 percent of total volume, followed by Mayberry Investments with 3 million units for 16.3 percent of the day’s trade and Wigton Windfarm with 2.05 million units for 11.2 percent market share. Other stocks trading more than one million units were Jamaica Broilers with 1.9 million shares and Supreme Ventures with 1.3 million units.
The average security trading on Monday amounted to 408,628 units at $7,102,646, in contrast to 367,026 units valued at an average of $2,824,785 on Friday. The average volume and value for the month to date amount to 454,239 units valued at $6,396,116 for each security changing hands, compared to 462,352 units with an average of $6,245,434. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows ten stocks ending with bids higher than their last selling prices and five stocks closing with lower offers.
In the Main Market, Barita Investments fell 41 cents to $50.10, with an exchange of 10,108 units, Eppley gained 68 cents to settle at $16.90, in transferring 1,020 units, First Rock Capital shed 99 cents to close at $15.40 trading 74,855 stock units. Jamaica Producers closed $1.95 lower to $20.05, after exchanging 282,110 shares, Jamaica Stock Exchange ended at $23.01, after losing 97 cents swapping 40,222 stock units, Kingston Wharves lost 79 cents trading 509 units and closed at $55. Mayberry Jamaican Investments ended 50 cents lower at $10, in transferring 502 units, 
MPC Caribbean Clean Energy dropped $6 to close at $159, with 600 units crossing the exchange, NCB Financial Group sustained a loss of $7 trading 989,511 shares to finish at $140. 138 Student Living lost 31 cents to settle at $6.60, with 106,049 shares changing hands, Palace Amusement jumped $500 to reach $2,200 after a mere eight units traded, PanJam Investment closed 75 cents lower to $74, in exchanging 12,670 units. Proven Investments advanced by $2.40 to $35.40 after transferring 28,462 units, Sagicor Group fell $1.50 to $44 trading 228,087 shares, Salada Foods shed 49 cents to end at $29.01, after swapping 3,400 units. Seprod declined $1.24 in transferring $147,046 shares and closed at $53.56 and Sygnus Credit Investments ended the day at $17.47, with gains of $1.47 trading 22,438 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Market activity resulted in six securities changing hands, similar to that on Friday. The market closed with the prices of four stocks rising, one declining and one remained unchanged. Trading ended with 1,287,024, shares with a value of US$713,238 changing hands, in contrast to 955,873 shares with a value of US$89,015 from the trading of six securities on Friday.
At the close, the JSE All Jamaican Composite Index declined by 101.01 points to 417,661.84, the JSE Market Index shed 15.45 points to 380,836.95 and the JSE Financial Index lost 0.19 points to 99.60. The PE ratio of the market ended at 14.8, while the Main Market ended at 15.1 times 2020-21 earnings.
The average security trading on Friday amounted to 367,026 units valued at $2,824,785, in contrast to 211,895 units at an average of $923,118 on Thursday. The average volume and value for the month to date amount to 462,352 units valued at $6,245,434 for each security changing hands, compared to 594,225 units with an average of $6,972,813. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
Kingston Wharves fell $2.20 to $55.79, with 3,000 units crossing the market. Mayberry Jamaican Investments gained 50 cents transferring 5,500 units in settling at $10.50, NCB Financial Group closed $2 higher at $147, with 74,083 shares crossing the exchange, Palace Amusement jumped $450 to $1,700, after exchanging only 2 stock units. Proven Investments shed 85 cents to end at $33, in swapping 22,693 units, Sagicor Group lost 49 cents trading 373,568 shares and closed at $45.50, Sagicor Real Estate Fund gained 75 cents in transferring 24,861 units in settling at $7.75. Seprod closed 30 cents higher at $54.80, with 23,473 units changing hands and Sygnus Credit Investments ended at $16, with a loss of $1.40 after trading 48,957 units.
Market activity resulted in six securities changing hands, up from three on Thursday. The market closed with the prices of three stocks advancing and none declining. Trading ended with 955,873 shares for US$89,015 changing hands, in contrast to 154,355 shares for US$13,028 from the trading five securities on Thursday.
At the close, the JSE All Jamaican Composite Index gained 708.47 points to 417,762.85, the JSE Market Index advanced by 727.80 points to 380,852.40 and the JSE Financial Index rose 0.39 points to 99.79. The PE ratio of the market ended at 14.5, while the Main Market ended at 14.9 times 2020-21 earnings.
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 four stocks closing with lower offers.
MPC Caribbean Clean Energy advanced $4 to $165, in transferring 60 units. NCB Financial Group climbed $5 to $145 trading 67,678 shares, Palace Amusement rose $50 to end at $1,250, after swapping 67 units, Proven Investments closed 85 cents higher exchanging 26,185 stock units to end at $33.85. Sagicor Real Estate Fund lost 50 cents trading 24,533 units to finish at $7, Salada Foods gained 96 cents and closed at $29.50, with 398 units changing hands, Scotia Group settled at $46.17, with a loss of 31 cents in exchanging 25,904 stock units. Seprod closed 30 cents lower at $54.50 after transferring 20,808 stock units and Wisynco Group ended with a loss 44 cents trading 184,883 shares at $18.
Market activity resulted in three securities changing hands, down from five on Wednesday. The market closed with the prices of two stocks advancing and one remained unchanged. Trading ended with 154,355 shares for US$13,028 changing hands, in contrast to 359,890 shares at US$61,624 from the trading of five securities on Wednesday.
At the close, the JSE All Jamaican Composite Index gained 414.38 points to 417,054.38, the JSE Market Index advanced 436.71 points to end at 380,124.60 and the JSE Financial Index rose 0.29 points to 99.40. The PE ratio of the market ended at 14.3, while the Main Market ended at 14.6 times 2020-21 earnings.
The only other stock trading over one million units was Wigton Windfarm, with 1.7 million shares.
Eppley added 88 cents with 1,335 units changing hands to end at $17.10. Jamaica Broilers lost 35 cents and closed at $26.10, trading 49,494 stock units, Jamaica Stock Exchange closed 50 cents higher at $22.50, in exchanging 72,566 shares, Key Insurance lost 31 cents to settle at $4.79, after trading 15,000 units. Kingston Wharves closed 94 cents higher at $57.99, in transferring 1,960 units, MPC Caribbean Clean Energy traded 61 units at $161, after picking up $1, NCB Financial Group tumbled $5 to $140, while exchanging 392,848 shares. 138 Student Living fell $1 to $7 after 86,901 stock units changed hands, Palace Amusement climbed $98 to $1,200 trading 96 units, Proven Investments closed $1 lower at $33, in swapping 25,731 units. Salada Foods shed 96 cents to finish at $28.54 in transferring 1,225 units and Scotia Group gains of 68 cents trading 1,306 units and ended at $46.48.
Market activity resulted in five securities changing hands, compared to three on Tuesday. The market closed with the prices of one stock advancing, two declining and one remaining unchanged. Trading ended with 359,890 shares with a value of US$61,624 changing hands, in contrast to 649,264 shares with a value of US$121,654 from the trading of four securities on Tuesday.
At the close, the JSE All Jamaican Composite Index fell by 663.89 points to 416,640.00, the JSE Market Index was down 753.91 points to 379,687.89 and the JSE Financial Index lost 0.34 points to 99.11.
NCB Financial Group 1 million units, PanJam Investment 1.8 million units, Sagicor Group 1.9 million shares. Sagicor Select Financial Fund ended with 1.1 million units, Scotia Group 1.7 million shares, Supreme Ventures 1.4 million units, Trans Jamaican Highway with 3.1 million shares and Wisynco Group with 1 million units.
Mayberry Investments lost 39 cents trading 308,367 shares to finish at $5.54, Mayberry Jamaican Equities closed 44 cents higher at $9.94 exchanging 18,021 stock units, NCB Financial Group rebounded with gains of $5 to end at $145 after a transfer of 1,000,397 shares. 138 Student Living picked up 78 cents in swapping 61,056 shares and closed at $8, Palace Amusement added $1 to close at $1,102 with an exchange of 82 units, Proven Investments ended with a loss of 50 cents trading 14,504 stock units to settle at $34. Victoria Mutual Investments closed 42 cents lower at $7.53, with 608,186 shares changing hands and Wisynco Group gained 44 cents and ended at $18.44, trading 1,024,455 shares. 138 Student Living traded 650 preference shares and rose 90 cents to end at $5.90.
Market activity resulted in only three securities changing hands, with the prices of all three declining. Trading ended with 649,264 shares with a value of US$121,654 changing hands, in contrast to 663,563 units for US$69,954 from trading of four securities on Monday.