Market activity ended with a big fall in the volume and value of shares trading by 50 and 71 percent respectively on Monday compared to Friday as declining stocks exceeded those rising at the close of the Jamaica Stock Exchange Main Market.
After spiking to 453,200.45 at the market’s opening, the All Jamaican Composite Index ended up falling 2,348.80 points to settle at 448,868.31, the Main Index declined 1,280.33 points to 407,110.52 and the JSE Financial Index popped 0.51 points to end at 98.86.
Trading ended with 56 securities compared to 52 on Friday, with 21 stocks rising, 24 declining and 11 ending unchanged. The PE Ratio, a measure used in computing appropriate stock values, averages 15.4 based on ICInsider.com forecast of 2021-22 earnings.
A total of 8,028,740 shares traded for $74,362,299, down from 15,903,103 units at $253,773,021 on Friday. Wigton Windfarm led trading with 18.5 percent of total volume after exchanging 1.49 million shares, followed by Pulse Investments with 14.4 percent in trading 1.16 million units and Caribbean Producers, with 12.5 percent with 1 million units changing hands.
Trading averages 143,370 units at $1,327,898, compared to 305,829 shares at $4,880,250 on Friday and month to date, an average of 244,382 units at $3,661,653, compared to 262,689 units at $4,084,598 on Friday. September closed with an average of 335,669 units at $7,507,404.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Berger Paints rallied $1 to $15 in exchanging 15,519 shares, Caribbean Cement advanced $1.98 to $117 with the swapping of 12,281 units, Caribbean Producers gained 38 cents in closing at a 52 weeks’ high of $6.98 in switching ownership of 1,004,775 stocks. Eppley fell $1.10 to $36.90 trading 6,338 units, Eppley Caribbean Property Fund popped $1.47 to $40.27 after 441 shares crossed the market, GraceKennedy advanced $1.74 to $99.24 with an exchange of 24,377 stocks. Guardian Holdingsdeclined $17 to $560 with 1,169 shares crossing the exchange, Jamaica Broilers shed $1 in closing at $30 with 63,721 shares changing hands, Jamaica Producers lost 40 cents in trading 39,931 shares at $21.40. JMMB Group slipped 49 cents to $37.50 in switching ownership of 153,314 units, Kingston Properties shed $1.24 in closing at $8.76 with a transfer of 100 stock units, Kingston Wharves declined $1 to $44 with the swapping of 5,091 stocks. Margaritaville fell $1.60 to $13.40 with 674 stock units clearing the market, Mayberry Jamaican Equities gained 30 cents to end at $9 after crossing the market with 26,000 shares, MPC Caribbean Clean Energy declined $5 to close at $115 in trading 34 units. Palace Amusement dropped $94 to $930 after exchanging five stocks, Portland JSX lost 45 cents to end at a 52 weeks’ low of $6.50 with the swapping of 250 stock units, Proven Investments lost 50 cents in ending at $33 after transferring 3,740 units.
Pulse Investments dipped 53 cents to close at $4.50 with 1,157,544 shares crossing the market, Sagicor Group spiked $2.98 in closing at $55 after 92,433 stocks cleared the market, Scotia Group rose $1.84 to $38.94 with an exchange of 2,211 stock units. Seprod declined $5.98 to $57.12 with 76,822 units changing hands and Sygnus Real Estate Finance shed $1.35 to end at $17.60 in switching ownership of 1,645 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Watch these stocks that are expected to release quarterly financial statements this coming week, in addition to CPJ that is in demand and 
In the Main Market, 
The average gains projected for the TOP 10 Junior Market stocks moved from 203 percent to 210 percent and Main Market stocks moved from 180 percent to 170 percent.
The JSE Main Market ended the week with an overall PE of 15.7, a little distance from 19 the market ended at in March, suggesting a 27 percent rise at a PE of 19 and 21 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.6, with a 49 percent discount to the PE of that market, well off the potential of 20, but 12 stocks trade above a PE of 19, with most of them over 20, suggesting that the accepted multiple maybe around 25 times current year’s earnings.
ICInsider.com ranks stocks to highlight the winners from the rest, allowing investors to focus on potential winners, helping to remove emotional attachments to stocks that often result in costly mistakes.
The All Jamaican Composite Index rose for the first time in six days by 1,429.76 points to close at 451,217.11, the JSE Main Index rallied 2,093.61 points to 408,390.85 and the JSE Financial Index added 0.69 points to end at 98.35.
on Thursday and month to date, an average of 262,689 units at $4,084,598, compared to 253,960 units at $3,923,610 on Thursday. September closed with an average of 335,669 units at $7,507,404.
NCB Financial fell $1.28 to $125.50 with a transfer of 38,743 stocks, 138 Student Living popped 49 cents to $5 in trading 2,228 shares, PanJam Investment popped $1.20 to $64.45 with 100 units clearing the market. Sagicor Group declined $2.88 to close at $52.02 in transferring 4,171 units, Scotia Group rose 43 cents to end at $37.10 in an exchange of 658,325 stock units and Sygnus Credit Investments climbed 36 cents to $16.96 with 96,855 shares changing hands.
The All Jamaican Composite Index shed 597.88 points to 449,787.35, the Main Index declined 1,399.33 points to 406,297.24 and the JSE Financial Index slipped 0.43 points to end at 97.66.
September closed with an average of 335,669 units at $7,507,404.
Pulse Investments gained 26 cents after ending at $5.10 with the swapping of 1,252,651 units, Sagicor Group advanced $1.90 to $54.90, with 66,292 stocks crossing the market, Scotia Group shed 83 cents to end at a 52 weeks’ low of $36.67 in trading 296,755 stock units. Sygnus Real Estate Finance rose 91 cents to $18.95, with a transfer of 2,541 stocks and Victoria Mutual Investments shed 35 cents in closing at $6 after exchanging 98,789 units.
The All Jamaican Composite Index dropped 1,499.34 points to end at 450,385.23, the JSE Main Index shed 2,983.16 points to 407,696.57 and the JSE Financial Index shed 1.11 points to settle at 98.09.
A total of 13,717,047 shares traded for $178,931,191 versus 11,674,398 units at $83,242,103 on Tuesday. Wigton Windfarm led trading with 25.4 percent of total volume after trading 3.48 million shares. QWI Investments followed, with 15 percent, after 2.06 million shares changed hands, Transjamaican Highway contributed 10.2 percent with 1.4 million units, Carreras controlled 9.6 percent market share, with 1.32 million units and Scotia Group 7.7 percent with 1.06 million shares.
Kingston Wharves lost $1.20 to $43.80 in exchanging 2,686 shares, Mayberry Jamaican Equities increased 25 cents to $8.95 in an exchange of 79,409 units, Proven Investments dropped 30 cents to $32.70, with 5,001 units crossing the exchange. Pulse Investments declined 26 cents to close at $4.84 after 712,107 shares changed hands, Sagicor Group lost $2 in ending at $53 after exchanging 72,941 stocks, Sagicor Real Estate Fund rallied 49 cents to $8.49 in switching ownership of 1,362 units. Scotia Group fell $1 to $37.50 after trading 1,062,158 units, Seprod climbed 95 cents to $63.10, with 47,604 stocks crossing the market, Sygnus Real Estate Finance dropped $1.16 to end at a new low of $18.04 after exchanging 15,175 stock units and Victoria Mutual Investments gained 72 cents to end at $6.35 with an exchange of 118,979 shares.
September closed with an average of 335,669 units at $7,507,338.
Portland JSX fell $2.05 in closing at a 52 weeks’ low of $6.95 with an exchange of 555 units. Proven Investments dipped 75 cents to $33 after 4,667 stock units cleared the market, Pulse Investments rallied 27 cents to $5.10 with the swapping of 917,170 stocks, Sagicor Group slipped $1 to $55 in transferring 20,259 shares and Scotia Group lost 48 cents to end at $38.50 in exchanging 12,027 units.
The All Jamaican Composite Index dropped 4,050.22 points to 452,439.62, the Main Index dived 3,370.07 points to 411,207.68 and the JSE Financial Index fell 1.65 points to end at 99.39.
At the close, Barita Investments declined $2.24 ending at $101.01 with 389,913 shares crossing the exchange, Berger Paints shed 75 cents in closing at $13.25 with the swapping of 2,825 stock units, Caribbean Cement dipped $5 to $115 after exchanging 11,326 units. Carreras gained 23 cents to close at $8.73 with the transfer of 67,276 stock units, Eppley rallied $5 to $37.50, with 1,503 units clearing the market, First Rock Capital slipped 70 cents to $12.3 in an exchange of 12,354 stock units. Guardian Holdings fell $2 to $580 in exchanging 8,734 stocks, Jamaica Broilers shed $1 in closing at $31 after trading 4,319 shares, Jamaica Producers slipped 70 cents to $22.50 in switching ownership of 13,032 units. Jamaica Stock Exchange fell 50 cents to close at $17.10 in exchanging 5,350 stocks, PanJam Investment popped $1.44 to $64.44, with 311 stock units clearing the market, Proven Investments advanced $1.25 to $33.75 in switching ownership of 3,286 shares. Sagicor Group declined $1.30 to end at $56 with an exchange of 21,378 stocks, Sagicor Real Estate Fund fell 40 cents to $8 in trading 815 shares, Salada Foods spiked 43 cents to $6.50 with 23,574 stock units crossing the market. 
Scotia Group advanced $1.38 in ending at $38.98 after an exchange of 6,181 units, Seprod shed 35 cents to end at $62.15 in trading 15,515 stocks, Stanley Motta rose 30 cents to $6 with 2,655 units crossing the market and Victoria Mutual Investments gained 25 cents in closing at $5.70 in exchanging 93,216 stock units.
So far to October, CPJ gained 90 percent and should exceed 100 percent this coming week and Caribbean Cream is up 67 percent ahead of second quarter results due in two weeks. Another TOP 15 stock this year, Caribbean Cement, surged on Friday to close at $120 after trading at a record high of $146.12, just short of IC Insde.com forecast in April this year in the report, captioned “Carib Cement Q1 profit triples” that the stock that last traded at $75 on the Main Market of the Jamaica Stock Exchange is projected to get to $150 in the next twelve months.
Elsewhere, in the Junior Market, AMG Packaging fell from $2.10 to $1.70, 
This past week, the average gains projected for the TOP 10 Junior Market stocks moved from 214 percent to 203 percent and Main Market stocks moved from 166 percent to 180 percent.
ICTOP10 is not intended to be a selection of the best stocks in the market but the most likely to be the biggest winners within fifteen months. ICInsider.com ranks stocks to separate the bigger winners from the rest, allowing investors to focus on potentially huge gains, helping to keep out emotional attachments to stocks that often result in the making of costly mistakes.
At the close, Barita Investments dived $4.84 to$103.25 after trading 623,197 shares, Berger Paints lost 48 cents to end at $14 in switching ownership of 59,491 stock units, Caribbean Cement spiked $8, in closing at $120 with 29,739 stocks clearing the market after the price hit a record $146.12 in mid-morning trading. Caribbean Producers rose 75 cents to $5.50 in exchanging 568,310 units, Eppley dropped $7.50 to finish at $32.50 with a transfer of 3,144,676 shares, Eppley Caribbean Property Fund fell $4.25 to $42.50 in an exchange of 1,100 stocks. First Rock Capital lost 30 cents in closing at $13 with 8,977 shares crossing the exchange, GraceKennedy popped 20 cents to $99.20, after 1,815,401 units crossed the market, Guardian Holdings fell $3 to $582, with 5,213 stocks changing hands. Jamaica Producers shed 55 cents to $23.20 in trading 4,491 shares, Kingston Properties rallied 50 cents to settle at $9 with the swapping of 170 stock units, Mayberry Jamaican Equities rose 74 cents to $9, with 1,262 units changing hands. Palace Amusement surged $130 to $900 in transferring 26 units, PanJam Investment shed $1 to close at $63 after trading 5,320 shares, Proven Investments declined $1.25, to $32.50 with 7,072 stock units changing hands. 
Sagicor Group dipped 70 cents to $57.30, with 31,390 stocks crossing the market, Sagicor Real Estate Fund gained 40 cents to finish at $8.40 in trading 500 stock units, Salada Foods shed 83 cents to close at $6.07 in an exchange of 55,074 stocks. Scotia Group fell $1.15 to $37.60, with 46,115 shares clearing the market, Seprod slipped 59 cents to $62.50 in switching ownership of 4,365 units, Sygnus Credit Investments lost 37 cents to close at $15.98 with the swapping of 82,282 stocks and Victoria Mutual Investments lost 20 cents after ending at $5.45 in trading 35,256 shares.
The market closed lower than August, measured by the market indices but recorded gains for a fifth straight day, with the All Jamaican Composite Index climbing 4,591.49 points on Thursday to 456,691.93. The Main Index gained 3,991.06 points to end at 414,889.96 and the JSE Financial Index popped 0.96 points to end at 101.68.
Trading averages 356,664 units at $7,866,600, compared to 364,516 shares at $3,267,741 on Wednesday and month to date, an average of 335,669 units at $7,507,338, compared to 334,642 units at $7,489,764 on Wednesday. August closed with an average of 480,039 units at $8,561,549.
PanJam Investment climbed $1 to $64 after trading 7,022 units, Portland JSX rose $1 to close at $9 in exchanging 1,670 stocks, Proven Investments popped $1.59 to $33.75 in switching ownership of 17,756 units. Sagicor Group advanced $2 to $58 with 1,047,226 shares clearing the market, Sagicor Real Estate Fund shed 50 cents to $8 after 5,485 stock units crossed the market, Salada Foods rose 75 cents in closing at $6.90 with the swapping of 60,713 shares. Scotia Group gained 35 cents to finish at $38.75 after exchanging 33,237 stocks, Stanley Motta picked up 23 cents to $5.80 in switching ownership of 87,104 units and Sygnus Credit Investments rose 85 cents to $16.35 with 270,538 stock units crossing the exchange.