NCB Financial one of the big contributors to the fall in the Main Market of the Jamaica Stock Exchange by knocking approximately 50,000 points off the index roared back in trading on Thursday, with a rise of $7 to close at $152 and in the process helped in pushing the two leading indices sharply higher.
NCB Financial Group contributed around 50,000 to the JSE index near 200,000 decline since the start of the year.
At the close, the market shows signs that it may have bottomed and is about to move higher and is partially reflected with a sharp rise in the JSE All Jamaican Composite Index jumping 8,783.35 points to 383,874.44 and the JSE Market Index climbing 7,989.93 points to 350,083.82. The JSE Financial Index gained 2.55 points to 95.11.
The market closed with 44 securities changing hands in the Main and US dollar markets with prices of 21 stocks advancing, 17 declining and eight securities trading firm. The JSE Main Market activity ended with 39 securities accounting for 276,324,388 units valued at $742,100,927 in contrast to 126,118,687 units valued at $211,017,961 from 40 securities on Wednesday.
Pulse Investments traded an unusually large 243.4 million shares for 88 percent of total volume followed by Trans Jamaican Highway with 19.7 million units for 7 percent of the day’s trade and Trans Jamaican Highway US dollar listing with 5.2 million units for 2 percent of the volume in both markets. Other stocks trading more than one million units were Carreras with 2.2 million units,
Strong signs of the market may have bottomed.
Sagicor Select Financial Fund with 1.3 million shares, Wigton Windfarm with 3.9 million units and Sagicor Select Manufacturing & Distribution Fund with 1.2 million shares.
The Market closed with an average of 7,085,241 units valued at $19,028,229 for each security traded, in contrast to 3,152,967 units valued at an average of $5,275,449 on Wednesday. The average volume and value for the month to date amount to 1,197,347 units valued at $7,209,844 for each security changing hands compared to 899,129 units valued at 6,578,450 for each security traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 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 14.9, while the Main Market ended at 13.8 times 2019 earnings.
In the Main Market, Barita Investments closed $1 higher to $52.50, with a transfer of 29,768 shares, Berger Paints ended at 52 weeks’ low of $9.50, after a loss of $1.50 and exchanging 50,996 shares, Caribbean Cement gained $5 to end at $45, in trading 53,275 units. Carreras closed 74 cents higher to $6.75, with 2,252,374 shares changing hands, Eppley shed $1 swapping 8,724 units and closed at $10.50, Eppley Caribbean Property Fund added $3.50 to end at $40, in trading 2,669 units. Grace Kennedy picked up 30 cents to finish at $54.20, in trading 58,581 shares, Jamaica Broilers ended at $28, with a loss of $1 with 25,066 units changing hands, Jamaica Stock Exchange climbed $2.50 to $18.50, after the transfer of 337,902 shares. JMMB Group slid$1.17 to $34.33, with an exchange of 102,095 units, Kingston Wharves lost 50 cents to close at $43.50 trading 6,667 units, Mayberry Jamaican Equities gained 60 cents trading 64,768 shares to end at $6.60. NCB Financial jumped $7 to $152, with 578,923 shares crossing the exchange, 138 Student Living added $1 to end at $5.50, with an exchange of 347 units, 
Portland JSX closed $1.60 higher to $8.90 after the transferring of 2,005 units. Proven Investments jumped $3.50 to $36, after exchanging 51,818 shares, Sagicor Group advanced by $2.40 to $42.40, in swapping 608,061 shares, Scotia Group regained ground with gains of $7 to settle at $44, with 170,469 shares changing hands. Seprod added $1 to end at $37, in trading 30,390 units, Stanley Motta shed 74 cents with a transfer of 7,500 units to end at $5. Sterling Investments closed 40 cents lower at $2.50 trading 68,830 units, Supreme Ventures ended at $14, with a loss of 99 cents exchanging 252,623 shares, Sygnus Credit Investments closed 53 cents lower to $16.50, trading 22,971 units and Wisynco Group swapped 840,773 shares at $14, after gaining $1.30.
Prices of securities trading are those for the day’s last transaction unless otherwise stated.
The average volume and value for the month to date amount to 899,129 units valued at $6,578,450 for each security changing hands compared to 775,631 units valued at $6,653,987 for each company traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
Kingston Wharves closed, with gains of $2 at $44 in trading 2,440 stock units, Mayberry Investments lost 50 cents transferring 27,849 shares to end at a 52 weeks’ low of $5. NCB Financial advanced $5 to $145, trading 67,140 units, 138 Student Living gained 39 cents to close at $4.50, with an exchange of 481 shares, PanJam Investment declined $2 to $78, with 49,817 units crossing the exchange. Portland JSX shed 50 cents trading 17,000 stock units and closed at $7.30, Proven Investments fell $4.98 to $32.50, after transferring 9,581 units, Sagicor Real Estate Fund lost 40 cents to close at $7.40, in swapping 900 stock units. Scotia Group closed 99 cents lower to end at $37, in exchanging 117,469 shares, Seprod ended the day’s trade at $36, with gains of $1 after 10,932 shares changed hands, Stanley Motta added 44 cents with a transfer of 25,175 units to end at $5.74. Sterling Investments closed 65 cents higher to $2.90, trading 116,210 shares, Supreme Investments ended at $14.99, after gaining 99 cents exchanging 433,163 stock units and Wisynco Group closed at $12.79, with a loss of 79 cents after trading 161,608 shares.
The other big move for the day, was the substantial fall of $16 in the shares of NCB Financial to close at $140, the lowest price of in a year.
The Market closed with an average of 1,817,851 units valued $11,653,928 for each security traded, in contrast to 640,893 units valued at an average of $8,466,980 on Monday. The average volume and value for the month to date amount to 775,631 units valued at $6,653,987 for each security changing hands compared to 708,783 units valued at 6,313,433 for each security traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
NCB Financial dropped $16 to a 52 weeks’ low of $140, after trading 2,289,514 units, 138 Student Living lost 30 cents to close at $4.11, with 36,389 shares crossing the exchange, Proven Investments slid to $37.48, after losing $1.02 with 21,006 stock units changing hands. Sagicor Group shed $3 after exchanging 186,808 units and closed at $40, Scotia Group fell by $2.01 to close at a 52 weeks’ low of $37.99, in trading 138,446 shares, Seprod ended at $35, with a loss of $2 in swapping 94,065 units. Stanley Motta closed 30 cents higher with a transfer of 11,000 stock units $5.30, Supreme Investments ended at $14, after a loss of $1 and trading 206,576 shares. Sygnus Credit Investments lost 55 cents to close at $17, in transferring 202,528 stock units, Victoria Mutual Investments slipped to $6.30 after losing 39 cents with 176,895 units changing hands and Wisynco Group closed at $13.49, with gains of 99 cents after exchanging 493,269 shares.
The market closed with 45 securities changing hands in the Main and US dollar markets with prices of 17 stocks advancing, 17 declining and 11 securities trading firm. The JSE Main Market activity ended with 41 securities accounting for 26,276,614 units valued at $347,146,174, in contrast to 36,332,153 units valued at $175,354,038 from 42 securities on Friday.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows 11 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 14.5, while the Main Market ended at 13.3 times 2019 earnings.
Salada Foods shed $1 to $25, with 9,100 units changing hands, Stanley Motta ended 79 cents higher with 57,275 shares changing hands and settled at $5. Sterling Investments gained 28 cents to close at $2.50 swapping 58,805 stock units. Supreme Investments ended at $15, with gains of 50 cents trading 51,500 units, Sygnus Credit Investments shed 45 cents to close at $17.55, in transferring 136,312 shares. Victoria Mutual Investments lost 31 cents with 335,283 shares crossing the exchange and closed at $6.69 and Wisynco Group lost $2.20 in closing at $12.50, after exchanging 576,137 shares.
At the close, the JSE All Jamaican Composite Index plunged by 8,884.77 points to 403,150.10. The JSE Market Index dropped 8,035.44 points to 367,554.61, off 28 percent for 2020 so far and the JSE Financial Index fell by 2.27 points to 102.61 with a fall of 25.4 percent for the year to date.
Wigton Windfarm led trading with 17 million shares for 46.7 percent of total volume followed by Sagicor Select Financial Fund with 7.2 million units for 19.7 percent of the day’s trade and Sagicor Select Manufacturing & Distribution Fund with 4.3 million units for 12 percent market share. Other stocks trading more than one million units were QWI Investments with 2.2 million units and Sagicor Group, with 1.01 million shares.
Mayberry Jamaican Equities closed 50 cents higher at $6.50 with an exchange of 145,394 units, NCB Financial climbed $4.99 to $150, in transferring 212,384 units. Portland JSX settled at $7.80, with a loss of $1.10 trading 35,000 stock units, Proven Investments slid to $37, after falling by $2.79 with 8,819 shares crossing the exchange, Sagicor Group dropped $3.10 in swapping 1,012,113 units and closed at $49 after trading down to $43. Sagicor Real Estate Fund shed 99 cents trading 1,100 units to end at $7, Scotia Group dived by $6 to close at $40, with 340,790 shares changing hands, Seprod ended $2.50 higher with a transfer of 191,047 and settled at $37. Victoria Mutual Investments gained 67 cents trading 404,688 shares and closed at $7 and Wisynco Group closed at $14.70 after gaining 70 cents in swapping 540,430 shares.
Wigton Windfarm led trading with 5.7 million shares for 25.6 percent of total volume followed by Sagicor Select Financial Fund with 2.3 million units for 10.4 percent of the day’s trade and Sagicor Select Manufacturing & Distribution Fund with 2.3 million units for 10.3 percent market share. Barita Investments with 1.79 million shares and Jamaica Broilers, with 1.8 million shares, was the only other stock trading more than one million units.
JMMB Group closed $1.39 lower to $35.61, in trading 466,367 shares, Kingston Wharves slid $1.60 to $42, in swapping 624,349 units, PanJam Investment climbed $1 to $80 with an exchange of 564,828 shares, Portland JSX advanced by $1.10 to $8.90 after transferring 31,000 units, Sagicor Group climbed $6.10 to settle at $52.10, trading 537,957 stock units. Sagicor Real Estate Fund closed at $7.99, with a gain of $1.49 with 4,798 units crossing the exchange, Salada Foods picked up $ 1 swapping 229 units and closed at $26, Seprod shed 50 cents trading 60,448 to end the day’s trade at $34.50. Sterling Investments closed 40 cents lower to $2.20, with 301,662 shares changing hands, Supreme Ventures rose 60 cents to $14.50, with a transfer of 874,523 shares, Victoria Mutual Investments shed 67 cents and ended at $6.33, trading 237,971 shares and Wisynco Group declined by $2.70 to $14, with 347,564 units crossing the exchange.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows thirteen stocks ending with bids higher than their last selling prices and five stocks closing with lower offers. The PE ratio of the market ended at 15.3, while the Main Market ended at 14.3 times the 2019 earnings.
Scotia Group shed $1.18 to settle at $46.82, in swapping 81,985 stock units, Seprod lost 50 cents trading 42,597 units and closed at $40.50, Supreme Ventures ended at $16, with a loss of $1.82 transferring 459,765 shares. Sygnus Credit Investments lost 75 cents to end at $17.25, in swapping 49,449 shares and Wisynco Group declined by 38 cents to $16.62, after 277,802 shares changed hands.
The market closed with 41 securities changing hands in the Main and US dollar markets after six stocks traded at 52 weeks’ lows. At the close prices of 8 stocks rose, 29 declined and 4 traded firm. The JSE Main Market activity ended with 35 securities accounting 19,892,130 units valued at $229,454,953 in contrast to 34,017,777 units valued at $260,298,044 from 43 securities on Friday.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows eleven 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 15.7, while the Main Market ended at 14.8 times the 2019 earnings.
Pulse Investments gained 45 cents to finish at a record close of $3.35 in trading 424,119 stock units, Sagicor Group tumbled $10 to $43.01, in transferring 59,515 shares, Sagicor Real Estate Fund closed 50 cents lower at a 52 weeks’ low of $6.50, with 2,300 stock units changing hands. Sygnus Credit Investments lost 49 cents to end at $18, in swapping 30,024 shares, Victoria Mutual Investments closed at $7.06, with a loss of 63 cents after trading 171,283 units and Wisynco Group declined to $17, after falling $1 with 4,600,987 shares crossing the exchange.
The Market closed with an average of 719,712 units valued at an average of $4,567,619 for each security traded, in contrast to 1,475,633 units valued at an average of $4,169,586 on Wednesday. The average volume and value for the month to date amount to 772,634 units valued at $4,772,738 for each security changing hands, compared to 778,055 units valued at $4,796,287 for each security traded. Trading in February resulted in an average of 624,731 units valued at $3,239,665 for each security.
Sagicor Group dropped $1 to finish at $57, after trading 227,486 shares, Sagicor Real Estate Fund slipped to 88 cents, with the swapping of 28,167 shares to close at a 52 weeks’ low of $6.01, Scotia Group fell $1 to end at $50, after exchanging 389,765 shares. Seprod gained $2.55 to close at $44.50, with 109,882 shares changing hands, but only after the price hit a 52 weeks’ low of $35, Supreme Ventures closed at $18.50, with a loss of 50 cents transferring 1,419,961 shares, Sygnus Credit Investments closed at $18.49, after rising 49 cents trading 146,919 shares. Victoria Mutual Investments closed 75 cents higher to $7.95, transferring 391,775 units and Wisynco Group climbed $3.99 to end the day’s trade at $19.99 with 1,050,891 shares changing hands.
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 securities closing with lower offers. The PE ratio of the market ended at 16.2, while the Main Market ended at 15.3 times the 2019 earnings.
Scotia Group dropped $2.40 to end at $51, after swapping 26,251 stock units, Seprod shed $2.05 trading 33,609 shares and closed at $41.95, Supreme Ventures closed at a 52 weeks’ low of $19, with a loss of 30 cents exchanging 77,295 shares. Sygnus Credit Investments closed at $18, after falling 91 cents with 187,246 units crossing the market, Victoria Mutual Investments closed 36 cents higher to $7.20, with 363,279 shares changing hands and Wisynco Group lost $1.50 to end at $16 after trading 1,072,786 stock units.