Stocks closed mixed on the Jamaica Stock Exchange Main Market on Monday, resulting in market indices rising moderately, with the volume of stocks traded remaining subdued with 49 percent more volume passing through the market compared to Friday, with the value of stocks traded dropping a sharp 51 percent.
Overall, 7,396,135 shares were exchanged for $31,788,226 versus 4,959,941 units at $65,424,573 on Friday. Trading averaged 125,358 units at $538,783 compared to 88,570 shares at $1,168,2961 on Friday and month to date, an average of 165,265 units at $1,157,389, compared to 169,983 units at $1,230,531 on the previous trading day. July averaged 173,643 units at $1,683,017.
Wigton Windfarm led trading with 3.4 million units for 46 percent of total volume, followed by Transjamaican Highway with 1.16 million shares for 15.6 percent of the day’s trade and Sagicor Select Financial Fund with 610,087 units for 8.2 percent of market share.
Trading ended with 59 securities compared to 56 on Tuesday, with 25 rising, 29 declining and five ending unchanged. At the close, the All Jamaican Composite Index rose 897.37 points to 419,448.06, the JSE Main Index gained 188.92 points to close at 367,524.60, and the JSE Financial Index inched 0.03 points higher to 88.44.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.6 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and six stocks with lower offers.
At the close, Barita Investments fell 98 cents to $86.30 after exchanging 3,282 shares, Caribbean Cement dropped $2.70 to close at $59.80 after an exchange of 8,073 shares, Eppley jumped $1.32 in closing at $39.39, with 313 stocks crossing the market. First Rock traded 24,359 shares after rising 55 cents to $12.45. GraceKennedy dropped $3.25 to end at $95.50, with 23,610 units changing hands, Guardian Holdings fell $1 to close at $505 after trading 292 stock units, Jamaica Broilers rose 35 cents to $29 after exchanging 5,664 stocks. Jamaica Producers fell 60 cents in closing at $20.15, with an exchange of 1,365 shares, Jamaica Stock Exchange fell $2.26 to $16.70 after an exchange of 3,389 shares, Massy Holdings shed $1.10 in ending at $89, with 2,130 units crossing the exchange, Margaritaville climbed $2.20 to $24.20, with just two stocks changing hands. Mayberry Jamaican Equities fell 40 cents to close at $14.10 after trading 11,321 stock units. MPC Carib Energy fell $13.17 to close at a 52 weeks’ low of $71.83 after trading 185 shares, NCB Financial lost $2 to end at $94 with an exchange of 92,031 shares, PanJam Investment shed $3 in closing at $61 in an exchange of 8,350 units. 
Portland JSX jumped $2.49 to $11 in switching ownership of a mere four stocks, Scotia Group popped $2.43 to end at $36.50 with the swapping of 327 stock units, Seprod rose $1.92 to $69.99, with 4,631 stocks crossing the market, Supreme Ventures climbed $1.38 to close at $28.53 in exchanging 16,826 shares and Wisynco dropped $1.52 in closing at $10.21, in trading 87,422 stocks.
In the preference segment, Eppley 5% traded seven shares and rose $1.99 to $21.89, Eppley 7.5% rose 51 cents to $7.45 after an exchange of 119 shares, 138 Student Living preference shares fell $1.13 to end at $49.32 in an exchange of 46 units. Productive Business Solutions preference share surged $56.01 to a 52 weeks’ high of $165 with the swapping of 127 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Investors exchanged 138,969 shares for US$22,959 versus 983,310 units at US$145,667 on Friday. The average trade on Monday was 13,897 units at US$2,296, down from 81,943 shares at US$12,139 on Friday, with a month to date average of 34,822 shares at US$6,022 versus 37,284 units at US$6,460 the previous day. July ended with an average of 49,665 units for US$3,449.
Sterling Investments rallied 0.05 of a cent to 2.05 US cents, with 5,400 stock units crossing the exchange, Sygnus Credit Investments USD share remained at 11.2 US cents, with 7,100 stocks crossing the market. Sygnus Real Estate Finance USD share dropped 1.85 cents to 10.65 US cents with the swapping of 1,000 units and Transjamaican Highway shed 0.11 of a cent to end at 0.86 of one US cent, with 3,000 shares crossing the market.
Overall, 983,310 shares traded for US$145,667, up from 703,183 units at US$76,534 on Thursday. Trading averaged 81,943 units at US$12,139 compared to 58,599 shares at US$6,378 on Thursday, with month to date average of 37,284 shares at US$6,460 versus 29,943 units at US$5,526 on the preceding day. July ended with an average of 49,665 units for US$3,449.
Sygnus Credit Investments USD share fell 0.8 cents to end at 11.2 US cents with 4,000 stocks changing hands. Sygnus Real Estate Finance USD share increased 1.89 cents ending at 12.5 US cents, with 46 shares crossing the market and Transjamaican Highway popped 0.1 of a cent to close at 0.97 US cents with an exchange of 294,151 units.
Overall, 4,959,941 shares were exchanged for $65,424,573 versus 3,472,392 units at $25,553,670 on Thursday. Trading averages 88,570 units at $1,168,296, compared to 65,517 shares at $482,145 on Thursday and month to date, an average of 169,983 units at $1,230,531, compared to 180,275 units at $1,238,398 on the previous trading day. July closed with an average of 173,643 units at $1,683,017.
At the close, Caribbean Producers popped 42 cents to $14.02 after trading 20,482 stocks. Eppley increased $1.28 to close at $39.93, with 75 stock units changing hands. Eppley Caribbean Property Fund fell $4.50 to end at $38.40 with the swapping of 300 stocks, First Rock Real Estate lost 40 cents in ending at $12.05 after trading 5,075 shares, Guardian Holdings surged $64.96 to $569.99 after exchanging 352 stocks.Massy Holdings lost $2.70 in closing at $87, with 1,178 stock units crossing the exchange. Mayberry Investments climbed 65 cents to close at $9.99 in exchanging 99 stocks, Mayberry Jamaican Equities shed 22 cents in closing at $13.88 in trading 104,177 units, MPC Caribbean Clean Energy lost 50 cents in ending at $84.50 while exchanging 321 stock units. NCB Financial rose $1.50 to end at $95 in trading 236,805 shares, Palace Amusement dropped $30 to $760 with an exchange of 10 stocks, PanJam Investment shed 50 cents to end at $60 in switching ownership of 5,628 stock units, Seprod climbed $3.37 in closing at $71.44 in an exchange of 97,364 units and Stanley Motta popped 50 cents to $5.50 after trading 1,600 stocks.
In the preference segment, Eppley 7.50% preference share increased 87 cents to $7.47, with 201 shares crossing the market. Eppley 7.75% preference share declined $1 to end at $20 with one stock changing hands, JMMB Group 7.25% preference share rallied 28 cents to close at $3.27 in exchanging 90 stock units and Productive Business Solutions 9.75% preference share gained $29.05 to close at a 52 weeks’ high of $156.05, with 105 shares crossing the exchange.
Only 3,472,392 shares valued $25,553,670 were traded on Thursday versus 6,419,042 units at $56,245,124 on Wednesday. Trading averaged 65,517 units at $482,145 down from 112,615 shares at $986,757 Wednesday and month to date, an average of 180,275 units at $1,238,398, compared to 195,870 units at $1,341,170 on the previous trading day. July closed with an average of 173,643 units at $1,683,017.
At the close, Caribbean Cement climbed 93 cents to $59.63 after the price hit an intraday 52 weeks’ low of $55.12 in trading 6,256 shares, Eppley fell $2.35 in closing at $38.65 while exchanging 111 stock units, First Rock Real Estate rallied 65 cents to end at $12.45 in trading one share. Guardian Holdings declined $78.12 to close at $505.03 in trading 50 units, JMMB Group increased $1.17 to $43.90, with 20,889 shares crossing the exchange, Massy Holdings gained 70 cents to end at $89.70 in an exchange of 1,848 stocks. NCB Financial dropped $3.25 to end at $93.50 in trading 23,044 stock units, PanJam Investment advanced 60 cents to close at $60.50, with 10,798 units changing hands, Proven Investments shed 49 cents in closing at $32.50 with 2,121 units clearing the market. Salada Foods rose 68 cents to $5.29 after exchanging 213 stocks, Scotia Group lost $1.64 to close at $34.75, with 19,803 stock units crossing the market, Victoria Mutual Investments dropped 52 cents in closing at $5.16 after trading 14,683 shares and Wisynco Group lost $1.20 to end at $16.68 as investors transferred 76,918 stock units.
In the preference segment, Eppley 7.50% preference share fell $1.03 to end at $6.60 in switching ownership of 287 stocks and Productive Business Solutions 9.75% preference share popped $18, ending at a record closing high of $127, with 3,813 shares changing hands.
The JSE US Denominated Equities Index slipped 0.40 points to end at 194.73.
Sygnus Real Estate Finance USD share fell 1.89 cents to 10.61 US cents after exchanging 501 units and Transjamaican Highway lost 0.01 of a cent in closing at 0.87 of one cent US cents after trading 228,441 stock units.
The JSE US Denominated Equities Index lost 0.37 points to end at 195.13.
Sterling Investments rose 0.03 of a cent to 2 US cents, after trading 414 shares, Sygnus Credit Investments USD share dropped 0.89 of one cent to 11.11 US cents while exchanging 156,871 stock units. Sygnus Real Estate Finance USD share rallied 2 cents in closing at 12.5 US cents in switching ownership of 5,150 stocks and Transjamaican Highway lost 0.01 of a cent in ending at 0.88 of one US cent after 200,000 units changed hands.
Trading ended with 57 securities compared to 55 on Tuesday, with 21 rising, 24 declining and 12 ending unchanged. At the close, the All Jamaican Composite Index shed 3,397.23 points to 416,853.91, the JSE Main Index dropped 1,624.03 points to close at 367,199.58 and the JSE Financial Index dipped 0.27 points to settle at 87.90.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.7 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Scotia Group popped $1.40 to end at $36.39 with the swapping of 1,317 stock units, Stanley Motta dropped 50 cents to $5, with 5,048 stocks crossing the market, Supreme Ventures declined 70 cents to close at $28.60 in exchanging 294,794 shares. Sygnus Real Estate Finance popped 41 cents in closing at $10.21, with 1,615 units clearing the market and Victoria Mutual Investments advanced 65 cents to close at $5.68 in trading 76,505 stocks.
At the close, 9,160,573 shares were exchanged for $56,371,792, compared to 10,753,625 units at $57,897,672 on Monday. Trading averaged 166,556 units at $1,024,942, compared to 182,265 units at $981,316 on Monday and month to date, an average of 324,185 units at $1,476,401, compared to 324,185 units at $1,476,401 on the previous trading day. July closed with an average of 173,643 units at $1,683,017.
The JSE Main and USD Market PEs are computed using ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
PanJam Investment traded 140 units and fell $2.28 to $61.67, Salada Foods fell 72 cents to $4.61 after exchanging 3,050 stock units, Seprod traded 8,953 shares and lost $1.93 and closed at $68.07, Supreme Ventures rose 80 in closing at $29.30 in trading 45,140 stocks and Sygnus Real Estate Finance fell 70 cents in ending at a 52 weeks’ low of $9.80, with 6,670 units clearing the market.
Overall, 134,622 shares traded for US$7,099 compared to 148,446 units at US$51,199 on Monday. Trading averaged 19,232 units at US$1,014, compared to 16,494 shares at US$5,689 on Monday, with a month to date average of 19,369 shares at US$5,790 in line with 19,390 units at US$6,533 on the previous day. July ended with an average of 49,665 units for US$3,449.
Productive Business Solutions closed at US$1 after trading 1,732 stocks, Proven Investments shed 0.06 of a cent to end at 22.94 US cents, with 7,923 stock units crossing the market. Sterling Investments fell 0.03 of a cent in closing at 1.97 US cents, with 17,260 units changing hands, Sygnus Credit Investments USD share finished at 12 US cents in trading 8,164 units and Transjamaican Highway fell 0.09 of a cent to 0.89 of one US cent, with an exchange of 70,500 stocks.
