JSE Main Market drops

The primary market of the Jamaica Stock Exchange enjoyed almost three times the value trading as on Tuesday but the indices slipped at the close.
At the close, JSE All Jamaican Composite Index dropped 1,461.90 points to close at 551,818.48, the JSE Market Index lost 1,305.26 points to 502,483.90 and the JSE Financial Index slipped 0.70 points to close at 137.62.
The market closed with 40 securities changing hands in the main and US dollar markets with 15 advancing, 15 declining and 10 trading firm. Main market activity ended with 38 securities accounting for 17,575,871 units valued at $314,642,943, in contrast to 35,992,474 units valued at $119,732,182 on Tuesday from 35 securities.
Sagicor Select Funds dominated trading with 6.1 million shares for 34.5 percent of the day’s trade, followed Carreras with 3.5 million units and 19.7 percent of traded volume and JMMB Group with 2.1 million shares and 11.7 percent of the total volume.
The market closed with an average of 462,523 units valued at an average of $8,280,077 for each security traded, in contrast to 1,028,356 units valued at an average of $3,420,919 on Tuesday. The average volume and value for the month to date amounts to 619,777 units valued at $4,370,662 and previously, an average of 703,941 units valued at $2,278,299 for each security changing hands. The market closed out November with an average of 653,621 units valued at $8,699,916 for each security changing hands.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ending with bids higher than their last selling prices and 3 with lower offers. The PE ratio of the market ended at 19.2 with the main market ending at 18.9 times 2019 current year’s earnings.
In the premier market, Barita Investments lost 45 cents to settle at $70.55, with 791,907 shares changing hands, Caribbean Cement dipped $1.50 to $77.50 while trading 2,230 units, Eppley Caribbean Property Fund gained 60 cents to end at $36.60, in exchanging 1,151 stock units, Grace Kennedy closed 98 cents lower at $65, in transferring 436,306 units. Jamaica Broilers slumped to $36, after losing $2 with 143,324 shares crossing the exchange, JMMB Group gained $1 to end at $48, after exchanging 2,054,039 stock units, Kingston Wharves dived to $53.05, after losing $7.45 while trading 2,800 shares, Mayberry Jamaican Equities rose by $1.31 to close at $13, with 43,087 units changing hands. NCB Financial Group climbed $3.97 to $204, in swapping 127,891 shares, Portland JSX gained 98 cents to end at $9 and trading 54,422 stock units, Proven Investments closed $1.95 lower at $46, with an exchange of 20,043 units, Sagicor Group gained $1 in transferring 69,489 shares to close at $67. Salada Foods lost $1.39 swapping 1,120 units to settle at $30, Scotia Group closed 80 cents lower at $54.20, in exchanging 333,238 shares, Supreme Ventures lost 99 cents trading 340,580 stock units to settle at $25.01. Victoria Mutual Investments gained 38 cents to close at $8.90, after exchanging 39,749 shares and Wisynco Group climbed 70 cents to end at $24, with 915,085 shares changing hands.
Trading in the US dollar market closed with 423,162 units valued at US$129,633 with the market index losing 6.87 points to close at 207.22. Proven Investments closed at 32 US cents, after trading 420,126 shares and JMMB Group 6% preference share ended at US$1.01 while exchanging 3,036 shares.

Profit stays strong at Sagicor Group

Sagicor Group last traded at $66 on the JSE.

Profit at the Jamaican based Sagicor Group climbed 26 percent in the September quarter to $4.5 billion from $3.54 billion in the 2018 quarter with profit for the nine months to September, rising 28 percent to $11.3 billion from $8.8 billion in the 2018 period.
Profit before tax rose by just 8 percent in the quarter to $5.23 billion from $4.85 billion and 27 percent for the year to September to $14.5 billion from $11.47 billion in 2018.
“The main contributing factors were the depreciation of the Jamaican dollar, which positively impacted realized and unrealized gains attributable to US dollar positions and the 36 percent appreciation of the Jamaica Stock Exchange Main Market indices, benefitting the Group by way of trading gains and capital appreciation,” a statement from the chairman and CEO stated.
Net profit attributable to shareholders continues an upward trend from the start of the financial year, with Q1 posting profit of $2.7 billion and moving to $3.7 billion in Q2 and $4.4 billion in the current quarter. Earnings per stock rose to $1.15 for the September quarter compared to 91 cents in the 2018 quarter, and $2.79 for the nine months to September, versus $2.27 year to September 2018.
Total income rose 28 percent for the quarter to $25 billion from $19.5 billion and 31 percent for the year to date to $67.5 billion from $51.48 billion in 2018. “Contributing to the overall revenue outturn in the September quarter was a 23 percent increase in net premium income, investment revenue of 28 percent and an increase of 10 percent in fees and other income,” the management stated in their report accompanying the quarterly.
The results for the nine months to September reflected gains of 18 percent in net premium revenue, to $33.8 billion and 23 percent for the September quarter to reach $12.7 billion while investment income climbed 42 percent in the nine months to $19.3 billion and 28 percent for the quarter to $7.4 billion. Fees and other income rose 16 percent to $10.5 billion and 10 percent in the quarter to $3.7 billion.
Insurance benefits, administrative and other expenses climbed 37 percent to $19.46 billion from $14.24 billion, compared to a 35 percent increase to $53.66 billion from $39.87 billion in 2018 for the year to date. Net insurance benefits rose 28 percent in the quarter to $8 billion from $6.3 billion in 2018 and from $19 billion to $21.2 billion for the nine months.
Administrative expenses climbed 17 percent in the quarter to $5.2 billion from a similar period in 2018 and 16 percent in the nine months to $15.3 billion.
For the nine months to September, the group’s segment results show Individual Insurance revenues rising a healthy 24 percent to $25.8 billion from $20.9 billion in 2018 but resulting in segment profit falling from $4.1 billion to $3.8 billion. Investment Banking accounted for $4.5 billion of revenues in 2019, up 67 percent from $2.7 billion in 2018, with profit nearly doubling to $2 billion from $1.1 billion. Employee Benefits revenues climbed from $17.6 billion in 2018 to $20.4 billion, and profit rising from $2.9 billion to $3.2 billion and Commercial Banking revenues rose 19 percent from $8.3 billion in 2018 to $9.9 billion with profit hitting $1.95 billion from $1.4 billion in 2018. All other segments added revenues of $6.4 billion in 2019 from $2.9 billion, with profit rising from $270 million in 2018 to $415 million.
The stock last traded on the JSE Main Market at $66 for a PE ratio of 16.5 compared to a market average of 19, an indication that the price is undervalued.
At the end of September, shareholders’ equity stood at $88.4 billion up from $73 billion at the end of September 2018. Assets ended the period at $458 billion inclusive of financial investments of $196 billion, cash and bank balances of $25 billion and liabilities at $338 billion.
Earnings per share came out at $1.15 for the quarter and $2.79 for the nine months. IC Insider.com is forecasting $4 per share for PE of 16.5 times earnings at the last traded price of $66.
Sagicor Group results for the nine months to September include the consolidation of the new subsidiaries, Sagicor Real Estate Fund and Travel Cash Jamaica. The Group’s latest acquisition, Advantage General Insurance, in which the Group acquired a 60 percent interest on September 30, did not affect earnings for the nine months.

Trading picks up for JSE Main Market

Trading on Jamaica Stock Exchange Main Market rose on Tuesday 35 securities accounting for 35,982,542 units valued at $119,732,182, in contrast to 13,987,345 units valued at $42,027,052 on Monday from 36 securities.
The market closed with 38 securities changing hands in the main and US dollar markets with the prices of 16 stocks advancing, 9 declining and 13 ending unchanged.
At the close, JSE All Jamaican Composite Index declined 473.92 points to close at 553,280.38, the JSE Market Index lost 372.64 points to 503,789.16 and the JSE Financial Index dipped 0.21 points to close at 136.92.
Wigton Windfarm dominated trading with 27.7 million shares for 77 percent of the day’s trade, Sagicor Select Fund followed with 5 million units and 14 percent of volume and Supreme Ventures chipped in with 1 million shares and 2.8 percent of the day trades.
The market closed with an average of 1,028,356 units valued at an average of $3,420,919 for each security traded, in contrast to 388,537 units valued $1,167,418 on Monday. The average volume and value for the month to date amounts to 703,941 units valued at $2,278,299. The market closed out November with an average of 653,621 units valued at $8,699,916 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 23 stocks ending with bids higher than their last selling prices and 2 with lower offers. The PE ratio of the market ended at 19.2, with the Main Market ending at 18.9 times 2019 current year’s earnings.
In the premier market of the Jamaica Stock Exchange, Barita Investments gained 50 cents to close at $71 in trading 1,666 shares. Grace Kennedy closed 98 cents higher to $65.98, with 6,322 shares changing hands, Jamaica Broilers climbed $2 to $38, in transferring 426,784 shares, JMMB Group exchanged 394,116 shares ended at $47, after gaining 70 cents. Mayberry Investments rose 50 cents to settle at $8.70, with 1,021 units traded, NCB Financial Group dived $4.97 to $200.03, after swapping 44,995 shares, Scotia Group climbed $1 to settle $55, in exchanging 3,944 shares, Seprod closed at $49, after losing $1.55 and trading 22,835 stock units. Sygnus Credit Investments closed 73 cents higher at $23.73 in trading 14,192 units, Victoria Mutual Investments lost 38 cents to close at $8.52, after exchanging 146,429 shares and Wisynco Group lost 66 cents in trading 93,349 stock units at $23.30.
Trading in the US dollar market closed with 65,901 units valued at US$4,888, with the market index gaining 0.68 points to close at 214.09. Proven Investments closed at 32 US cents, trading 9,101 shares, Sterling Investments closed at 2 US cents with 49,800 units changing hands and Sygnus Credit Investments exchanged 7,000 shares at 14 US cents.

 

JSE main market index jumps

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JSE Main Market indices made gains on Monday on lower volumes and value compared to Friday but with stocks rising outnumbered by those falling.
At the close, JSE All Jamaican Composite Index climbed 3,136.96 points to close at 553,758.80, the JSE Market Index gained 2,789.32 points to 504161.80 and the JSE Financial Index added 0.94 points to close at 137.13.
The market closed with 38 securities changing hands in the main and US dollar markets with the prices of 12 gaining, 15 declining and 11 trading unchanged. Main market activity ended with 36 securities accounting for 13,987,345 units at $42,027,052, in contrast to 37,782,232 units valued at $133,425,390 on Friday from 40 securities.
Sagicor Select Funds dominated trading with 9.55 million shares for 68.5 percent of the day’s trade and Wigton Windfarm with 2.6 million shares and 19 percent of the overall volume and QWI Investments with 885,900 shares and 6 percent of the trades.
The market closed with an average of 388,537 units valued $1,167,418 for each security traded, in contrast to 944,556 units for an average of 3,335,635 on Friday. The average volume and value for the month to date amounts to 388,537 units valued at $1,167,418 and previously, an average of 653,621 units valued at $8,699,916 for each security changing hands. The market closed out November with an average of 653,621 units valued at $8,699,916 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 19 stocks ending with bids higher than their last selling prices and 1 with lower offers. The PE ratio of the market ended at 18.7, with the Main Market ending at 18.9 times 2019 current year’s earnings.
In the premier market, Carreras gained 25 cents to close at $8.35 trading 10,816 stock units, Jamaica Broilers dropped $2 to end at $36, in swapping 3,050 shares, Jamaica Producers settled at $24.50, after losing $1 trading 11,419 shares, JMMB Group lost 60 cents to end at $46.30, with 177,321 shares changing hands. Kingston Wharves gained $1.72 to close at $60.50 in exchanging 14,053 units. NCB Financial Group dipped $3 to $205, with 16,016 units traded. Portland JSX fell 48 cents to end at $8.02, with 6,350 shares crossing the exchange, Sagicor Real Estate Fund lost 95 cents to close at $10.80, in transferring just 1,000 units, Scotia Group gained 98 cents to end at $54 while exchanging 51,012 shares. Seprod settled at $50.55, in losing 34 cents while trading 28,813 stock units, Stanley Motta lost $1 to close at $5.30, with 24,566 units changing hands, Supreme Ventures shed 99 cents to close at $25.01, in swapping 14,500 shares and Sygnus Credit Investments closed 64 cents lower at $23 in trading 3,135 units.
Trading in the US dollar market closed with 42,800 units valued at US$12,106, with the market index advancing 6.23 points to close at 213.44. Proven Investments closed at 32 US cents, after gaining 1.98 US cents trading 37,500 shares and Sterling Investments closed at 2 US cents with 3,500 units changing hands.

JSE main market up 32% in 2019

Main market stocks indices tumbled on Friday, the last trading day of the month even as more stocks recorded gains than losses but the market is still up 32 percent for the year to date.
At the close, JSE All Jamaican Composite Index declined 2,858.47 points to close at 550,616.84, the JSE Market Index dropped 2,590.18 points to 501,372.48 and the JSE Financial Index lost 0.96 points to close at 136.19.
The market closed with 44 securities changing hands in the main and US dollar markets with 18 stocks advancing, 14 declining and 12 trading firm. Main market activity ended with 40 securities accounting for 37,782,232 units valued at $133,425,390, in contrast to 14,106,882 units valued at $179,446,025 on Thursday from 38 securities.
Sagicor Select Funds dominated trading with 17.7 million shares for 47 percent of the day’s trade, Wigton Windfarm with 12.2 million shares and 32 percent and QWI Investments with 4.5 million shares and 12 percent of the overall volume.
The market closed with an average of 944,556 units valued at an average of $3,335,635 for each security traded, in contrast to 371,234 units for an average of 4,722,264 on Thursday. The average volume and value for the month to date amounts to 653,621 units valued at $8,699,916 and previously, an average of 638,084 units valued at $8,537,415 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 19 stocks ending with bids higher than their last selling prices and 1 with lower offers. The PE ratio of the market ended at 18.1 with the main market ending at 19.1 times current year’s earnings.
In the premier market, Barita Investments lost 41 cents to end at $70.59 trading 105,666 shares, Caribbean Cement climbed $1.99 to $79, with 39,047 shares changing hands, Jamaica Broilers gained 99 cents to end at $38, in swapping 49,919 shares. Jamaica Producers rose to $25.50, after gaining $1.50 in swapping 385,895 shares, Jamaica Stock Exchange closed 49 cents higher to $27, with an exchange of 116,951 shares, JMMB Group gained 70 cents to settle at $46.90, with 624,479 shares changing hands. Kingston Wharves added $1.78 to close at $58.78 trading 931 units, Mayberry Investments lost $1.80 to settle at $8.20, in transferring 4,998 shares, Mayberry Jamaican Equities ended at $11.60, after losing 60 cents and swapping 201,944 shares. NCB Financial Group climbed $3 to $208 after 28,093 units changed hands, 138 Student Living gained 40 cents, ending at $4.30, trading 11,608 shares, PanJam Investment settled at $102, after gaining $1 and swapping 19,075 shares. Pulse Investments lost 55 cents to close at $4.20, in an exchange of 100,000 shares, Sagicor Group lost 49 cents to settle at $66.11, with 27,953 shares changing hands, Sagicor Real Estate Fund rose 95 cents to $11.75, with 584,870 shares crossing the exchange. Scotia Group dropped $1.98 to $53.02, in transferring 169,848 shares, Seprod ended at $50.89 after losing 80 cents in trading 48,617 shares, Stanley Motta climbed 90 cents to $6.30, after swapping 25,600 units and Sygnus Credit Investments closed 64 cents higher, ending the day at $23.64 with 52,609 shares changing hands.
Trading in the US dollar market closed with 300,150 units valued at US$71,418 with the market index falling 4.48 points to close at 207.39. Productive Business Solutions lost 1 US cent trading 2,125 units, ending the day at 59 US cents, Proven Investments closed at 30.02 US cents, after losing 1.98 US cents in trading 197,049 shares, Sygnus Credit Investments exchanged 69,704 shares at 14 US cents and Sterling Investments lost half a US cent to close at 2 US cents with 31,272 units changing hands.

Buoyant JSE main market

Palace jumps $800 to a record of $2,900.

Jamaica Stock Exchange prime market continues to experience buoyant levels ended with 38 securities accounting for 14,106,882 units valued at $179,446,025, in contrast to 19,155,083 units valued at $180,757,266 from 38 companies trading on Wednesday.
By contrast, for the same period last year, 32 securities traded and resulted in investments of $158,769,688 and on the Wednesday 27 securities changed hands accounting to $136,855,615.
The market closed on Thursday, with 40 securities changing hands in the main and US dollar markets with 17 advancing, 12 declining and 11 trading firm. Trading resulted in the JSE All Jamaican Composite Index inching 7.67 points higher to 553,475.31, the JSE Market Index rose 102.37 points to 503,962.66 and the JSE Financial Index added 0.11 points to close at 137.15.
Wigton Windfarm dominated trading with 5.3 million shares for 38 percent of the day’s trade, Sagicor Select Funds with 3.4 million units and 24 percent and QWI Investments with 2 million shares and 14 percent. Barita Investments was the only other stock trading more than 1 million shares ending with 1.48 million units amounting to 11 percent of the day’s trade but with $104 million accounting for 58 percent of the total value in the min market.
The market closed with an average of 371,234 units at $4,722,264 for each security traded, in contrast to 504,081 units for an average of 4,756,770 on Wednesday. The average volume and value for the month to date amounts to 638,084 units for $8,537,415 and previously, an average of 652,346 units valued at $8,751,876 for each security changing hands. The market closed out October with an average of 957,488 units for $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 13 stocks ending with bids higher than their last selling prices and 2 with lower offers. The PE ratio of the market ended at 18.0 with the main market ending at 18.9 times 2019 current year’s earnings.
In the premier market, Barita Investments closed $1 lower to $71, in exchanging 1,477,914 shares, Eppley Caribbean Property Fund climbed $2.90 to end at $35.90, with 2,900 stock units changing hands, Grace Kennedy added 56 cents to close at $65.0, in exchanging 372,028 units, Jamaica Broilers lost 99 cents to settle at $37..01 trading 35,432 shares. Jamaica Producers gained $1 to end at $24, after swapping 11,992 stock units, Jamaica Stock Exchange lost 49 cents in trading 51,320 units to close at $26.51, JMMB Group dropped $1.65 to settle at $46.20, with 287,342 units changing hands. Kingston Wharves climbed $2 to $57 trading just 250 units, Mayberry Investments gained $1 to close at $10, with 46,680 shares changing hands, Mayberry Jamaican Equities ended at $12.20, after gaining $1.20 in swapping 181,769 stock units, MPC Caribbean Clean Energy closed 50 cents higher to $230, after 797 units changed hands. 138 Student Living lost 72 cents and ended at $3.90 with 100,000 shares trading, Palace Amusement surged $800 higher to a record high of $2,900 in trading a mere 100 units, PanJam Investment traded 1,300 shares and settled at $101, after losing $1. Portland JSX rose 40 cents to $8.50, after exchanging 2,203 stock units, Proven Investments closed $1.50 higher to $48, in an exchange of 10,336 shares. Sagicor Group lost 40 cents to settle at $66.60, with 40,625 stock units changing hands, Sygnus Credit Investments ended at $23 with gains of 65 cents trading 26,000 shares and Wisynco Group closed 99 cents higher, ending the day at $24 with 101,734 units changing hands.
Trading in the US dollar market closed with 307,111 units valued at US$103,211 with the market index declining 3.21 points to close at 211.87. Proven Investments closed at 32 US cents, after gaining 1.8 US cents trading 302,111 shares and JMMB Group 5.75% preference share gained 2 US cents to end at US$2.02 with 5,000 shares changing hands.

JSE majors heading higher

The Jamaica Stock Exchange ended trading on Wednesday with the premier market indices gaining more than 1,000 points and leaving the indices with overall positive gains for the week-to-date and the market being at the highest point since mid-month.
The JSE All Jamaican Composite Index advanced by 1,199.81 points to close at 553,467.64, the JSE Market Index increased 1,126.17 points to 503,860.29 and the JSE Financial Index added 0.41 points to close at 137.04.
The market closed with 40 securities changing hands in the main and US dollar markets with 10 stocks advancing, 20 declining and 10 trading firm. Main market activity ended with 38 securities accounting for 19,155,083 units valued at $180,757,266, in contrast to 34,952,276 units valued at $127,514,628 on Tuesday from 37 securities.
Sagicor Select Funds dominated trading with 8.4 million shares for 44 percent of the day’s trade, Wigton Windfarm with 3.8 million shares and 20 percent and QWI Investments with 2 million shares and 11 percent of total volume. JMMB Group was the only other stock trading with more than 1 million shares ending with 1.85 million units amounting to 10 percent of trading.
The market closed with an average of 504,081 units valued at an average of $4,756,770 for each security traded, in contrast to 944,656 units for an average of 3,446,341 on Tuesday. The average volume and value for the month to date amounts to 652,346 units valued at $8,751,876 and previously, an average of 660,717 units valued at $8,989,829 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 13 stocks ending with bids higher than their last selling prices and 3 with lower offers. The PE ratio of the market ended at 17.8 with the leading market ending at 18.7 times 2019 current year’s earnings.
In the primary market, Caribbean Cement slid $2 to end at $77, with 7,650 shares changing hands, Grace Kennedy added $1.95, to close at $64.45 in transferring 20,904 shares, Jamaica Producers lost $1.10 to close at $23, with an exchange of 36,298 shares. JMMB Group closed 85 cents higher at $47.85, after swapping 1,850,978 shares Kingston Wharves dropped $2.25 to settle at $55 trading 6,035 shares, Mayberry Investments lost $1 to close at $9, with 913,998 shares changing hands, Mayberry Jamaican Equities ended at $11, after falling $2.10 and transferring 143,391 shares. MPC Caribbean Clean Energy closed 50 cents lower to $229.50 after 304 units changed hands, 138 Student Living gained 72 cents, ending at $4.62 with 10,026 shares traded, PanJam Investment settled at $102, after losing 50 cents and swapping 14,385 shares. Proven Investments dipped by $1.50 to $46.50, in an exchange of 16,822 shares, Sagicor Group added $1 to close at $67, with 49,907 shares changing hands, Scotia Group climbed $2 to $55 trading 19,362 stock units, Stanley Motta closed 45 cents higher to $5.60, with 17,450 units crossing the market and Wisynco Group lost 49 cents and ending at $23.01 with 154,935 shares changing hands.
Trading in the US dollar market closed with 347,532 units valued at US$108,225, with the market index advancing 6.53 points to close at 215.08. Proven Investments lost 0.02 US cents to end at 30.02 US cents, after trading 341,207 shares and Sterling Investments gained 0.03 US cents to end at 2.5 US cents with 6,325 shares changing hands.

JSE main market in consolidation mode

Activities picked up a bit on the Jamaica Stock Exchange primary market on Tuesday but left the market in a stalemate with an almost equal number of securities rising and falling as the market tries to claw its way higher ahead of the final month of 2019.
At the close, the All Jamaican Composite Index dipped 432.09 points to close at 552,267.83, the JSE Index lost 548.28 points to 502,734.12 while the JSE Financial Index gained 0.16 points to close at 136.63.
The market closed with 40 securities changing hands in the main and US dollar markets with 15 stocks advancing, 14 declining and 11 stocks trading firm. Main market activity ended with 37 securities accounting for 34,952,276 units valued at $127,514,628, in contrast to 17,983,605 units valued at $109,287,271 on Monday from 38 securities.
Sagicor Select Funds dominated trading with 16 million shares for 46 percent of the day’s trade, Wigton Windfarm with 13.2 million shares and 38 percent and QWI Investments with 1.7 million shares and 4.9 percent of total volume.
The market closed with an average of 944,656 units valued at an average of $3,446,341 for each security traded, in contrast to 473,523 units for an average of 2,875,981 on Monday. The average volume and value for the month to date amounts to 660,717 units valued at $8,989,829 and previously, an average of 644,199 units valued at $9,331,109 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 15 stocks ending with bids higher than their last selling prices and 9 with lower offers. The PE ratio of the market ended at 17.7, with the traditional market ending at 18.6 times 2019 current year’s earnings.
In the premier market, Barita Investments climbed $2 higher to $72 after trading 42,782 shares, Caribbean Cement lost $1 to settle at $79, after exchanging 5,766 shares, Eppley Caribbean Property Fund dropped $3.60, in ending at $33 with 850 units traded. Eppley gained 50 cents to close at $15, in swapping 700 shares, Grace Kennedy rose by 50 cents to $62.50, while transferring 82,359 units, Jamaica Broilers lost $2 to close at $38, with an exchange of 32,186 shares, Jamaica Stock Exchange climbed $1.80 to finish at $26.80 after 807,402 shares changed hands. Mayberry Investments closed with a rise of $1.80 to $10, in transferring 92,283 stock units, 138 Student Living lost 40 cents, ending the day at $3.90 with 515,355 units changing hands. PanJam Investment climbed to $102.50, with gains of $1.40 in swapping 2,730 shares, Sagicor Group closed $1 higher to $66, with an exchange of 281,208 stock units, Seprod climbed $1.37 higher to $51.99, with 19,942 units traded and Wisynco Group lost 50 cents in ending at $23.50 with 66,497 shares crossing the market.
Trading in the US dollar market closed with 482,671 units valued at US$154,386, with the market index declining 5.63 points to close at 208.55. Proven Investments gained 0.45 cents and closed at 32 US cents while trading 469,420 shares, JMMB Group 6% preference share closed at US$1.01, losing 1 US cent, with 13,070 units changing hands and Sygnus Credit Investments ended at 14 US cents with an exchange of 181 units.

JSE main market rally

The Jamaica Stock Exchange main market surged forward on Monday with the All Jamaican Composite Index rising 2,208.01 points to close at 552,699.92, while the JSE Index gained 1,955.43 points to 503,282.40 and the JSE Financial Index inched 0.11 points higher to 136.477
The market closed with 41 securities changing hands in the main and US dollar markets with 12 stocks advancing, 17 declining and 12 stocks trading firm. Main market activity ended with 38 securities accounting for 17,983,605 units valued at $109,287,271, in contrast to 16,239,630 units valued at $138,772,724 on Friday from 35 securities.
Sagicor Select Funds dominated trading with 9.4 million shares for 52 percent of the day’s trade after hitting an intraday low of $1. Wigton Windfarm followed with 4.3 million shares for 24 percent main market volume after moving to an intraday record high of $1.15 and Jamaica Stock Exchange with 1.17 million shares and 6.5 percent. QWI Investments traded at an all-time low of $1.
The market closed with an average of 473,523 units valued at an average of $2,875,981 for each security traded, in contrast to 463,989 units for an average of 3,964,935 on Friday. The average volume and value for the month to date amounts to 644,199 units valued at $9,331,109 and previously, an average of 655,062 units valued at $9,766,801 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 13 stocks ending with bids higher than their last selling prices and 5 with lower offers. The PE ratio of the market ended at 17.9 with the main market ending at 18.8 times 2019 current year’s earnings.
In main market activity, Caribbean Cement jumped $4.96 to close at $80, with 27,200 shares changing hands, Eppley Caribbean Property Fund closed $1.40 lower at $36.60, with the trading of 299 units, Eppley ended at $14.50 after falling $1.40 and swapping 1,535 stock units. Grace Kennedy slid $2 to end at $62, in trading 17,288 shares, Jamaica Broilers gained $2 to close at $40 with an exchange of 33,910 shares, Jamaica Stock Exchange dropped $5.38, settling at $25 after 1,172,512 shares crossed the exchange, JMMB Group rose 99 cents to end at $46.99, with exchanging 616,089 shares. Kingston Wharves closed $1.53 lower to $57.25, with 2,600 units changing hands, Mayberry Investments lost 30 cents in transferring 28,450 shares to settle at $8.20, Mayberry Jamaica Equities closed $1.10 higher at $13.30 trading 207,200 units. 138 Student Living added 42 cents, ending the day at $4.30, transferring 626 shares, PanJam Investment lost 90 cents to close at $101.10 with 537 units trading. Proven Investments added 50 cents to $48, after exchanging 21,603 units, Pulse Investments rose to $4.55 with gains of 55 cents while trading 106,793 shares, Scotia Group tumbled to $52.95 with a fall of $2.05 in transferring 105,340 shares and Seprod closed 38 cents lower to $50.62, with 43,247 units changing hands.
Trading in the US dollar market closed with 31,272,177 units valued at US$9,869,582, with the market index losing 1.70 points to close at 214.18. Proven Investments lost 0.45 US cents to close at 31.15 US cents in the trading 31,265,399 shares, JMMB Group 6% preference share closed at US$1.02 exchanging 1,700 units and Sygnus Credit Investments ended at 14 US cents with 1,778 units changing hands.

JSE majors searching for direction

The JSE market indices declined marginally for the third consecutive day on Friday even as more stock rose than fall as investors continue to search for a longer-term direction for stocks.
The All Jamaican Composite Index declined 528.54 points to close at 550,491.91, while the JSE Index lost 478.93 points to 501,326.97 and the JSE Financial Index dipped 0.19 points to close at 136.36.
The market closed with 38 securities changing hands in the main and US dollar markets with the prices of 15 stocks advancing, 11 declining and prices of 12 stocks trading unchanged. Main market activity ended with 35 securities accounting for 16,239,630 units valued at $138,772,724, in contrast to 36,435,491 units valued at $481,608,400 on Thursday from 36 securities.
Sagicor Select Funds dominated trading with 8 million shares for 49.5 percent of the day’s trade, Wigton Windfarm with 4.3 million shares for 26.3 percent of total volume and QWI Investments with 919,163 shares with 5.7 percent of total volume.
The market closed with an average of 463,989 units valued at an average of $3,964,935 for each security traded, in contrast to 1,012,097 units for an average of $13,378,011 on Thursday. The average volume and value for the month to date amounts to 655,062 units valued at $9,766,801 and previously, an average of 666,940 units valued at $10,151,395 for each security changing hands. The market closed October with an average of 957,488 units valued at $13,947,047 for each security traded.
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 3 with lower offers. The PE ratio of the market ended at 17.3 with the primary market ending at 18.8 times 2019 current year’s earnings.
In main market activity, Berger Paints closed 70 cents higher to $16.70, with 17,737 shares traded, Carreras gained 50 cents to settle at $8.55, with 47,337 units changing hands, Grace Kennedy lost 30 cents to end at $64, in swapping 17,728 shares. Jamaica Producers closed $1 higher to $24 trading 101,198 shares, JMMB Group rose $1.05 to $46 exchanging 616,089 shares, Kingston Wharves climbed $1.53 to $58.78, with 315 units traded, Mayberry Jamaican Equities closed at $12.20, after losing 80 cents trading 198,974 units. NCB Financial Group dropped $5 to close at $205, in exchanging 49,914 units, 138 Student Living gained 38 cents, ending the day at $3.88, in transferring 43,183 shares. Proven Investments climbed 50 cents to $47.50, after trading 17,142 units, Scotia Group lost 55 cents to settle at $55, in swapping 82,307 shares, Stanley Motta closed 30 cents lower to $5.15, with 27,800 units exchanged and Sygnus Credit Investments gained 30 cents trading 100 units, ending the day’s trade at $22.30.
Trading in the US dollar market closed with 16,990 units valued at US$8,483 with the market index adding 0.34 points to close at 215.88. Proven Investments closed 1 US cents higher to 32 US cents trading 14,185 shares, JMMB Group 6% preference share settled at US$1.02 exchanging 1,700 units and JMMB Group 5.75% preference share ended the day’s trade at US$2 with 1,150 units changing hands.