Stock market activity ended on Friday with the volume of shares trading diving 64 percent lower, with the value down 84 percent compared to Thursday, to close out the week on the Jamaica Stock Exchange Main Market after rising stocks were overshadowed by those declining.
The All Jamaican Composite Index mustered a 91.03 points rise to 446,793.51, the Main Index picked up 309.70 points to end at 406,950.76 and the JSE Financial Index popped 0.20 points to 99.02.
Trading impacted 51 securities compared to 56 on Thursday, with 15 rising, 21 declining and 15 ending unchanged. The PE Ratio, a measure used in computing appropriate stock values, averages 15.5 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 3,971,368 shares trading for $49,614,466 versus 10,979,111 units at $317,868,201 on Thursday. Wigton Windfarm led trading with 22.1 percent of total volume after trading 875,782 shares followed by Transjamaican Highway 13.4 percent with 532,718 units and Pulse Investments with 10.7 percent for an exchange of 423,546 units.
Trading averages 77,870 units at $972,833, compared to 196,056 shares at $5,676,218 on Thursday and month to date, an average of 334,040 units at $3,899,360, compared to 355,670 units at $4,146,467 on Thursday. August closed with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Berger Paints popped 24 cents to $13.74 in transferring 7,300 stock units, Eppley shed 50 cents to $38.50 in exchanging 2,022 shares, First Rock Capital declined 60 cents $12, with 25,883 stocks crossing the exchange, GraceKennedy dropped $1.65 to close at $100 with the swapping of 175,051 units. Guardian Holdings rallied $10 to end at $590 after exchanging 106 stock units, Jamaica Broilers fell 99 cents to $28.51 with an exchange of 10,301 stock units, JMMB Group advanced 92 cents to $35.74 trading 40,347 stocks. Margaritaville dipped 50 cents to $14.20 in an exchange of 1,000 units, NCB Financial climbed 50 cents to end at $128.51 in switching ownership of 7,213 shares, PanJam Investment fell $3 in closing at $62 while exchanging 20,802 stock units.
Proven Investments gained 40 cents to close at $32 in an exchange of 3,050 units, Seprod shed $1.99 to close at $64.01, with 2,316 shares changing hands, Stanley Motta spiked 55 cents to $5.60 after 1,355 stock crossed the market, Supreme Ventures rose 49 cents to $18, with 12,588 shares clearing the market and Wisynco Group lost 33 cents in ending at $15.65 and trading 61,336 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The All Jamaican Composite Index dipped 77.60 points to settle at 446,702.48, the Main Index fell 447.04 points to 406,641.06 and the JSE Financial Index lost 0.09 points to end at 98.82.
Trading averages 196,056 units at $5,676,218, compared to 96,394 shares at $1,072,847 on Wednesday and month to date, an average of 355,670 units at $4,146,467, compared to 371,981 units at $3,990,142 on Wednesday. August closed with an average of 480,039 units at $8,561,549.
PanJam Investment popped $3 to $65 780 after stock units crossed the market, Portland JSX dropped 97 cents in closing at $7.03 after 1,754 shares changed hands, Proven Investments increased 54 cents to close at $31.60 after exchanging 30,082 stocks. Sagicor Group climbed $1 to close at $54 while trading 285,469 units, Scotia Group gained $1.30 to close at $39.90 after exchanging 3,566 stocks, Seprod spiked $2 to $66 in trading 9,079 units. Supreme Ventures lost 49 cents to end at $17.51, with 9,378 shares changing hands, Sygnus Credit Investments rallied 52 cents to end at $15.89 while exchanging 2,845 stock units and Wisynco Group popped 23 cents to $15.98 with the swapping of 363,061 shares.
The All Jamaican Composite Index rose 103.47 points to 446,780.08, the Main Index advanced 325.79 points to 407,088.10 and JSE Financial Index popped 0.03 points to end at 98.91.
Investor’s Choice bid-offer indicator shows sixteen stocks ended with bids higher than their last selling prices and two with lower offers.
Sagicor Group slipped $1 to $53 in exchanging 17,365 shares, Scotia Group shed 96 cents to end at $38.60 after a transfer of 68,535 stocks, Seprod declined $2 to $64 with an exchange of 5,832 units. Supreme Ventures fell 50 cents to $18 in switching ownership of 241 shares, Sygnus Credit Investments dipped 33 cents to $15.37 in trading 9,182 stock units.
A total of 50 securities traded, up from 47 on Monday, with 19 stocks rising, 21 declining and 10 ending unchanged. The All Jamaican Composite Index lost 2,373.95 points to 446,676.61, the Main Index fell 1,989.08 points to settle at 406,762.31 and the JSE Financial Index fell 0.32 points to 98.88.
Sagicor Group lost $1 to end at $54 after exchanging 1,081,424 stock units, Scotia Group rallied $1.01 to $39.56 in an exchange of 22,570 shares, Seprod popped $1 to close at $66 with 2,078 stocks changing hands. Stanley Motta declined 60 cents to $5 after trading 48,000 units and Supreme Ventures shed 50 cents to close at $18.50, with 65,781 stock units crossing the market.
The All Jamaican Composite Index rose 42.14 points to 449,050.56, the Main Index gained 289.77 points to close at 408,751.39 and the JSE Financial Index lost 0.16 points to settle at 99.20.
Trading averages 381,055 units at $17,824,048 compared to 306,157 shares at $2,969,880 on Friday and month to date, an average of 419,775 units at $4,357,469 compared to 424,359 units at $2,763,188 on Friday. August ended with an average of 480,039 units at $8,561,549.
Scotia Group fell 95 cents to $38.55 after trading 42,199 stock units. Supreme Ventures spiked 90 cents to $19, with 42,264 shares crossing the market and Sygnus Credit Investments advanced 63 cents to $15.79 after 88,609 stock units crossed the exchange.
Jetcon Corporation came into the TOP10 in the prior week and enjoyed a modest pickup from 91 cents and is overtaken by
Elsewhere, Future Energy Source, a former ICInsider.com BUY RATED stock that underwent a sharp pullback last week to $2.05 rose this past week to $2.51 as buying interest remains strong. Lumber Depot sits just below the ICTOP10 Junior Market stocks, after posting strong first quarter results that rose 140 percent over the 2020 first quarter, with ICInsider.com projecting earnings now at 35 cents per share, up from 27 cents previously, for the current year and the potential for the price to double into early 2022. Fontana reported increased earnings of $512 million, up from $277 million with earnings per share of 41 cents, just 4 cents below ICInsider.com forecast. Jamaica Broilers posted lower first quarter profit of $275 million, down from $383 million as the Jamaican and Haitian segments posted lower profits, but the USA segment enjoyed an 84 percent jump. 
Scotia Group reported profit of $2.8 billion an increase of 81 percent over the depressed 2020 third quarter and slightly more than the $2.7 billion generated in the April quarter, the group seems on target to earn around $3.50 per share for the year.
The TOP 10 trades at a PE of 6.6, with a 42 percent discount to that market’s PE and the potential to rise 77 percent to March next year, based on an average PE of 20.
ICTOP10 stocks are not intended to be a selection of the best stocks in the market but are most likely to be the best winners within a fifteen-month period. ICInsider.com ranks stocks to filter out the bigger winners from the rest, allowing investors to focus on potentially huge winners, helping to keep out emotional attachments to stocks that often result in costly mistakes being made. IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. Revisions to earnings per share are ongoing, based on receipt of new information.
The market closed with 13,470,929 shares trading for $130,674,709 versus 12,534,457 units at $121,087,956 on Thursday. Pulse Investments led trading with 36.6 percent of total volume after trading 4.93 million shares, followed by Transjamaican Highway 22.5 percent, with 3.03 million units and Wigton Windfarm 13.1 percent, with 1.76 million units changing hands.
Trading ended with 44 securities compared to 51 on Thursday, with 21 stocks rising, 13 declining and 10 ending unchanged.
Pulse Investments rose 58 cents in closing at $4.10 with 4,934,043 shares crossing the market. Scotia Group rallied 50 cents to $39.50 in exchanging 38,983 stocks, Seprod spiked 50 cents to $65 with the swapping of 176,170 units, Supreme Ventures popped 55 cents to $18.10 with 34,730 stock units crossing the market and Sygnus Credit Investments fell 53 cents to $15.16 in trading 43,083 shares.
The All Jamaican Composite Index dropped 2,742.24 points to close at 448,496.34, the Main Index declined 2,069.01 points to 408,308.74 and the JSE Financial Index shed 0.53 points to end 99.08.
Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and four with lower offers.
PanJam Investment increased $2 to end at $64 in an exchange of 2,877 shares, Pulse Investments dropped 36 cents to $3.52 after exchanging 4,085,000 stock units, Sagicor Group fell $1 to $55 while exchanging 24,140 stocks. Scotia Group popped 49 cents in closing at $39 with an exchange of 832,069 shares after the price hit a 52 weeks’ intraday low of $38 and Supreme Ventures shed 55 cents to close at $17.55, trading 9,281 units.
August closed with an average of 480,039 units at $8,561,549.
Sagicor Group advanced $1 to $56 in transferring 6,908 stock units, Scotia Group declined $1.47 to $38.51 with the swapping of 42,386 units, Seprod fell 67 cents to $64.33 with 1,336 shares crossing the market and Sygnus Credit Investments shed 55 cents to $15.50 in exchanging 53,421 stocks.
The All Jamaican Composite Index dropped 197.40 points to 453,152.75, the Main Index shed 135.29 points to end at 411,889.76 and the JSE Financial Index popped 0.10 points to settle at 100.30.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and four with lower offers.
Seprod climbed 25 cents to end at $65, with 6,168 units clearing the market, Supreme Ventures rose 30 cents to $18.10 with the swapping of 155,281 stock units and Sygnus Credit Investments rallied 39 cents to $16.05 after trading 142,871 units.