Market activity ended on Friday with the market indices rising for the day but falling sharply for October and ended, with the volume of shares trading increasing 113 percent and the value 69 percent higher than on Thursday at the close of the Jamaica Stock Exchange Main Market, with rising stocks equaling those declining.
The All Jamaican Composite Index advanced 1,839.59 points to settle at 447,699.38, down nearly 8,992 points for the month, the Main Index rose 570.62 points to 403,965.02, down 10,924.94 points for the month and the JSE Financial Index fell 0.57 points to end at 97.73.
Trading ended with 47 securities compared to 49 on Thursday, with 18 rising, 18 declining and 11 ending unchanged. The PE Ratio, a measure used in computing appropriate stock values, averages 15.7. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasted by ICInsider.com for companies with financial years ending in the current year up to August 2022.
Trading averages 668,436 units at $5,296,593, compared to 301,075 shares at $3,006,624 on Thursday and month to date, an average of 251,350 units at $2,773,208 compared to 231,162 units at $2,651,067 on Thursday. September closed with an average of 335,669 units at $7,507,404.
Investor’s Choice bid-offer indicator shows 16 stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments shed 94 cents in ending at $94 after exchanging 54,076 shares, Caribbean Cement advanced $2 to close at $114 in trading 27,218 units, Caribbean Producers dipped 50 cents to $8 with 421,119 stock units crossing the market. Eppley Caribbean Property Fund advanced $3.91 to $40.41 in switching ownership of 121 stocks, First Rock Capital lost 40 cents to end at $12 after 8,769 shares cleared the market, Jamaica Broilers rallied $1.50 to $31 in an exchange of 138,346 units. Jamaica Producers declined $1.84 to finish at $22.15 with the swapping of 5,682 stocks units, Jamaica Stock Exchange rose 75 cents to $18.25 in exchanging 4,910 stock units, JMMB Group spiked 50 cents to end at $38 with a transfer of 302,245 shares. Kingston Wharves fell $2.50 to $45 with an exchange of 1,051 stock units, Mayberry Investments gained 50 cents in closing at $6 with 23,579,556 shares crossing the market, Mayberry Jamaican Equities popped 43 cents to close at $9 after a transfer of 1,110,000 stocks. 
NCB Financial fell $4.85 to $125.15 after exchanging 11,556 shares, PanJam Investment rose 75 cents to $64.50 in trading 13,075 stocks, Radio Jamaica gained 48 cents to end at $3.79 with the swapping of 338,676 stock units. Sagicor Group advanced $4.01 in closing at $58 in switching ownership of 649,260 units, Sygnus Credit Investments shed 49 cents to $17.80 in trading 215,266 stock units and Wisynco Group spiked 64 cents to $16.50 after 83,769 units crossed the market.
In the preference segment, JMMB Group 7.15% – due 2028, lost 35 cents to end at $3 in an exchange of 10,000 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The All Jamaican Composite Index dropped 3,915.38 points to 445,859.79, the Main Index fell 3,726.12 points to 403,394.40 and the JSE Financial Index advanced 0.03 points to end at 98.30.
Trading averages 301,075 units at $3,006,624 compared to 178,968 shares at $3,858,800 on Wednesday and month to date, an average of 231,162 units at $2,651,067, compared to 227,446 units at $2,632,171 on Wednesday. September closed with an average of 335,669 units at $7,507,404.
NCB Financial fell $1 to $130 with 321,890 stock units crossing the market, Palace Amusement rallied $60 to end at $1,015 with 77 stocks changing hands, PanJam Investment shed 65 cents to $63.75 with the swapping of 35,348 units. Radio Jamaica shed 49 cents ending at $3.31 with 2,248,574 shares crossing the market, Sagicor Group advanced $1.02 to $53.99 in switching ownership of 221,382 stocks, Scotia Group gained 35 cents to close at $35.35 with a transfer of 56,125 units. Sygnus Real Estate Finance spiked 25 cents in closing at $18.30 with an exchange of 3,767 shares and Wisynco Group fell $1.64 to end at $15.86 with 107,458 stock units clearing the market.
The All Jamaican Composite Index surged 3,908.17 points to 449,775.17, the JSE Main Index rallied 3,592.95 points to end at 407,120.52 and the JSE Financial Index added 0.58 points to close the day at 98.27.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and four with lower offers.
Sagicor Group advanced $1.57 to end at $52.97 in exchanging 30,077 shares, Seprod gained 29 cents to settle at $63.99 in trading 10,054 stocks, Stanley Motta rose 30 cents to $5.25 after crossing the exchange with 7,000 stock units. Supreme Ventures lost 26 cents to end at $17.54, with 12,230 stock units changing hands and Wisynco Group fell $1.29 to $17.50 in exchanging 23,257 shares.
dropped 871.55 points to 445,867.00, the JSE Main Index advanced 276.58 points to 403,527.57 and the JSE Financial Index added 0.25 points to 97.69.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and two with lower offers.
Proven Investments fell 45 cents to $33.02 after exchanging 931 stocks. Sagicor Group declined $1.57 to $51.40 with 2,912 units clearing the market, Scotia Group dipped 40 cents to $35.10 in exchanging 137,921 shares, Stanley Motta shed 95 cents to end at $4.95 after trading 500,000 stock units and Wisynco Group advanced $3.04 to end at 52 weeks’ high of $18.79 with the swapping of 619,145 shares.
Most of the top 2021 stocks will not make the top 10 in 2022. The IC 80/20 rule, with a long 40 year history, shows an average of only two of the top ten stocks in a year repeat in the following one, while 4 out of 10 of the worst performing stocks will end up as TOP 10 winners in the succeeding year. The top seven stocks so far, with gains of 52 to 231 percent and three others gaining more than 100 percent are; Future Energy, Jamaican Teas, Fosrich, ISP Finance, Lumber Depot, Express Catering and Honey Bun. In the Main market, Caribbean Producers is 136 percent to date and is expected to deliver much more gains into 2022, Salada Foods rose 107 percent, Radio Jamaica has an increase of 103 percent, but investors can expect much more from this one but a lot is expected after the release of the September quarter results, Caribbean Cement is scheduled to release third quarter results next weekend, with the stock price up 88 percent for the year to date and Grace up 55 percent.
Elsewhere, Supreme Ventures released nine months results with 22 percent increased sales to $19.3 billion for the nine months but virtually flat third quarter sales of $6.3 billion with nine months profit slipping marginally from $1.55 billion to $1.54 billion and the third quarter falling from $596 million down to $311 million. Earnings per share ended at 57.7 cents and 11.8 cents for the quarter. AMG Packaging released full year results, with profits of $62.6 million, up from $56 million in 2020 with earnings per share of 12 cents. The quarterly profit was $20 after tax and, in 2020, $18.4 million after a tax credit. Construction of the new facility is complete, and machinery and equipment are ordered and is expected to be installed during the November quarter.
The top three stocks in the Junior Market are Elite Diagnostic, followed by Access Financial and Medical Disposables. All three have the potential to gain between 238 and 287 percent, from 220 percent and 300 percent previously.
50 percent discount to the market and well below the potential of 20. A total of 10 stocks or 22 percent of the market trade at or above a PE of 19, with most over 20, for an average PE of 25.5, suggesting that the accepted multiple maybe around 25 times the current year’s earnings.
Trading averages 154,477 units at $2,156,124, compared to 185,973 shares at $1,921,279 on Friday and month to date, an average of 228,041 units at $2,573,940 compared to 232,419 units at $2,598,803 on Friday. September closed with an average of 335,669 units at $7,507,404.
Sagicor Group rose 97 cents to $52.97 with 50,333 units crossing the exchange, Sagicor Real Estate Fund gained 50 cents to $8.50 in switching ownership of 2,542 shares, Seprod picked up 20 cents at $63.70 in an exchange of 10,581 stock units and Sygnus Credit Investments fell 25 cents to $18.40 after 143,800 stocks crossed the market.
The All Jamaican Composite Index slipped 82.69 points to close at 443,617.32, the JSE Main Index dived 2,627.64 points to 400,578.43 and the JSE Financial Index lost 0.94 points to end at 96.51.
Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and none with lower offers.
PanJam Investment rose 75 cents in closing at $64, with 11,021 units crossing the exchange, Portland JSX declined $2.70 to $7.50 in trading 5,400 stock units, Sagicor Group shed 97 cents in ending at $52 after an exchange of 48,753 stocks. Sagicor Real Estate Fund lost 50 cents to close at $8 with the swapping of 20,200 shares, Seprod advanced $2.60 to $63.50 with a transfer of 4,291 stocks, Stanley Motta rallied 60 cents to $5.90 with the swapping of 8,215 stock units. Sterling Investments gained 20 cents to close at $3 in switching ownership of 18,739 units.
Trading averages 212,990 units at $1,606,341, compared to 204,141 shares at $1,111,397 on Wednesday and month to date, an average of 235,838 units at $2,648,677, compared to 237,543 units at $2,726,463 on Wednesday. September closed with an average of 335,669 units at $7,507,404.
PanJam Investment gained 75 cents to close at $63.25 with 10,917 stocks crossing the market, Pulse Investments lost 27 cents after ending at $4 in an exchange of 47,950 units, Seprod declined $3.08 to $60.90 after 9,342 shares cleared the market and Sterling Investments lost 20 cents to settle at $2.80 with 160,000 stock units crossing the market.
The All Jamaican Composite Index slipped 128.09 points to443,762.67, the JSE Main Index fell 269.20 points to 402,403.83 and the JSE Financial Index lost 0.16 points to end at 96.93.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and two with lower offers.
Stanley Motta lost 39 cents in closing at $5.31 with an exchange of 62,150 stock units, Sygnus Credit Investments gained 48 cents to close at $18.48 in switching ownership of 132,157 shares and Sygnus Real Estate Finance lost 40 cents ending at $18 with 821 units changing hands.
Investor’s Choice bid-offer indicator shows 15 stocks ending with bids higher than their last selling prices and five with lower offers.
Sagicor Real Estate Fund popped 40 cents to end at $8.40 in switching ownership of 357 stocks, Scotia Group declined $3.63, ending at a 52 weeks’ low of $33.02 in trading 148,478 stocks, making it an interesting stock to watch and Seprod gained 55 cents to close at $63.80 in a transfer of 11,013 stock units.
