JSE Main Market suffers biggest day’s drop

The Jamaica Stock Exchange Main Market on Tuesday suffered the biggest fall of the market index in the JSE 50 year history as nervous investors cut 8.7 percent of the value of stocks since the commencement of the year.
At the close, the JSE All Jamaican Composite Index plunged 14,424.69 points to close at 511,165.47. The previous biggest fall in the JSE Composite index was 12,616.74 points on October 18, 2018. The JSE Market Index nose-dived 13,201.50 points to 465,317.12 and the JSE Financial Index dropped 3.55 points to 125.59.
The market closed with 44 securities changing hands in the Main and US dollar markets with the prices of 15 advancing, 21 declining and 8 trading firm. The JSE Main Market activity ended with 41 securities accounting for 29,930,856 units valued at $203,577,617 in contrast to 32,117,425 units valued at $138,131,956 from 41 securities on Monday.
Sagicor Select Financial Fund dominated trading with 11.1 million shares for 37 percent of total volume, followed by Wigton Windfarm with 8.9 million units for 30 percent of the day’s trade and Sagicor Select Manufacturing and Distribution Fund with 3.6 million units for 12 percent of the market’s volume. The only other stock trading more than one million shares, was Wisynco Group, with 1.7 million units.
The Market closed with an average of 767,458 units valued at an average of $5,219,939 for each security traded, in contrast to 783,352 units valued at an average of $3,369,072 on Monday. The average volume and value for the month to date amount to 775,604 units valued at $4,271,370 for each security changing hands. 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 eleven stocks ending with bids higher than their last selling prices and five closing with lower offers. The PE ratio of the market ended at 18.1, while the Main Market ended at 17.4 times the 2019 earnings.
In the Main Market, Barita Investments advanced $2 to $68, in trading 12,797 shares, Berger Paints closed $2.25 higher to $15, in transferring 700 units, Caribbean Cement dived $6.50 to end at $65, with an exchange of 213,258 shares, Eppley Caribbean Property Fund shed $4.49 to close at $37.51, in swapping a mere 9 units. First Rock Capital lost 65 cents and closed at its lowest level since listing in late February at $9.25, after it traded at a new low of $8.50, earlier in the day. The stock closed trading with 131,575 shares changing hands. Grace Kennedy gained $1.93 to finish at $67.92, after transferring 66,535 shares, Jamaica Broilers shed $1.50 to end at $34.50, with 399,300 shares changing hands. Jamaica Producers lost 86 cents trading 126,071 shares and closed at $21.14. Jamaica Stock Exchange settled at $26.51, with a loss of 99 cents with 716,481 stock units crossing the market, JMMB Group ended at $42.28, with gains of $1.53 after transferring 367,626 shares, Kingston Wharves closed $2 higher to $53, with 7,243 shares traded. Mayberry Investments lost 31 cents to end at $7.60, exchanging 21,212 units, PanJam Investment finished 99 cents lower trading 60,990 to close at $99, Proven Investments dropped $3.50 to settle at $44.50, in transferring 8,583 units, Pulse Investments lost 45 cents to close at $11, after swapping 85,736 shares. Sagicor Group shed $1.50 to end at $65, with an exchange of 167,791 shares. Sagicor Real Estate Fund closed at $9.85, with gains of 35 cents while trading 20,603 stock units, Scotia Group ended at $54.01, after losing 49 cents and transferring 92,235 shares, Sterling Investments ended at $3, with a loss of 60 cents as 71,000 shares crossed the exchange. Supreme Ventures climbed $1.35 to settle at $22.35, in swapping 153,799 shares, Sygnus Credit Investments lost 50 cents to finish at $24.50, after trading 30,562 units and Victoria Mutual Investments gained 45 cents to end the day’s trade a $8.50, with 188,051 shares changing hands.
Trading in the US dollar market ended with 65,482 units valued at over US$14,632. The market lost 0.34 points to close at 220.79. First Rock Capital lost 1.9 cents after trading 9,921 units at a new low of 8 US cents, JMMB Group 6% preference share exchanged 520 units at US$1, Proven Investments closed at 29 US cents, with 28,291 units changing hands. Sterling Investments swapped 790 units at 2.85 US cents and Sygnus Credit Investments closed at 18 US cents, with a loss of 1.5 cents after trading 25,960 shares.

Prices of securities trading for the day are those at which the last trade took place.

Selling hits JSE Main Market stocks

Investors drove the majority of stock prices down on the first trading day for March with declining stocks beating out advancing ones three to one and pulling the Main Market down just over 6 percent for the year.
At the close, the JSE All Jamaican Composite Index plummeted 4,132.06 points to close at 525,590.16, the JSE Market Index tumbled 3,791.47 points to 478,518.62 and the JSE Financial Index lost 1.47 points to 129.14.
The market closed with 45 securities changing hands in the Main and US dollar markets with the prices of ten advancing, 30 declining and five trading firm. The JSE Main Market activity ended with 41 securities accounting for 32,117,425 units valued at $138,131,956 in contrast to 61,902,088 units valued at $374,112,515 from 42 securities on Friday.
Sagicor Select Financial Fund dominated trading with 20.3 million shares for 63 percent of total volume, Wigton Windfarm followed with 6.1 million units for 19 percent of the day’s trade and Wisynco Group with 1.3 million units for 4.2 percent market share.
The Market closed with an average of 783,352 units valued at an average of $3,369,072 for each security traded, in contrast to 1,473,859 units valued at an average of $8,907,441 on Friday. 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 twelve stocks ending with bids higher than their last selling prices and four closing with lower offers. The PE ratio of the market ended at 18.3, while the Main Market ended at 17.6 times the 2019 earnings.
In the prime market, Barita Investments lost 50 cents in closing at $66, with an exchange of 10,807 shares, Berger Paints ended at a 52 weeks’ low of $12.75, after losing $1.25 in transferring 1,238 stock units, Caribbean Cement dropped $6.49 to settle at $71.50, in swapping 19,413 units. Eppley Caribbean Property Fund slid $4 to $42 trading 1,699 shares, First Rock Capital fell $2.10 to a 52 weeks’ low of $9.90, with 102,462 stock units changing hands, Grace Kennedy slipped $2.01 to $65.99, exchanging 44,838 units. Jamaica Broilers shed $3.70 to end at $36 in transferring 66,313 stock units, Jamaica Producers gained $1 to close at $22 after trading 54,510 shares, Jamaica Stock Exchange dived $4.10 to $27.50, after swapping 601,102 stock units. JMMB Group ended at $40.75, with a loss of $3.80 in exchanging 234,108 shares, Kingston Wharves closed $2.03 lower to $51, in transferring 27,387 units. Mayberry Jamaican Equities lost 59 cents to end at $10.85, in swapping 10,000 stock units, NCB Financial shed $2 to end at $182 trading 56,333 units, 138 Student Living gained of 62 cents to $6.85, with and 8,056 stock units changing hands. PanJam Investment closed 49 cents higher to $99.99, with 125,859 shares traded, Portland JSX lost $1.30 to finish at $9.70, after exchanging 9,139 units, Proven Investments lost $1 to settle at $48, in trading 6,763 stock units. Pulse Investments gained 35 cents to close at $11.45, in swapping 66,358 shares, Sagicor Group lost 50 cents to end at $66.50, with an exchange of 42,533 shares, Sagicor Real Estate Fund closed at $9.50, with a loss of 35 cents after trading 120,731 shares. Salada Foods finished 75 cents higher after swapping 100 units and closed at $35. Scotia Group ended at $54.50, with gains of 50 cents in transferring 7,975 shares, Seprod declined by $2.59 to $51.41, with 38,386 shares changing hands, Stanley Motta lost 74 cents to close at $4.86 in trading 17,700 shares, Sterling Investments jumped 69 cents and ended at $3.60, after exchanging 556,975 shares. Supreme Ventures lost 50 cents to settle at $21, in swapping 100,761 shares, Sygnus Credit Investments shed 94 cents to finish at $25, after transferring 36,384 shares, Victoria Mutual Investments dropped $1.20 to $8.05, trading 221,309 shares and Wisynco Group lost 43 cents to end the day’s trade of 1,334,069 shares at $22.67.
Trading in the US dollar market ended with 102,077 units for US$27,973. The market lost 7.02 points to close at 221.13. First Rock Capital lost 2.1 cents in exchanging 5,000 units at an all-time low of 9.9 US cents, Proven Investments lost 2 cents to end at 29 US cents, with 91,928 units changing hands. Sterling Investments gained 0.01 cent after swapping 1,086 units to close at 2.85 US cents and Sygnus Credit Investments closed at 19.5 US cents, with a loss of 2.5 cents in trading 4,063 shares.

Prices of securities trading for the day are those at which the last trade took place.

JSE majors down for 2nd month

JSE Main Market ended trading with the second monthly decline for the year as the primary indices declined by almost 2,000 points on Friday, with the market down 5.4 percent for 2020 to date.
At the close of trading, the JSE All Jamaican Composite Index lost 1,949.68 points to close at 529,722.22, the JSE Market Index slipped 1,727.36 points to 482,310.09 and the JSE Financial Index lost 0.52 points to 130.61.
The market closed with 47 securities changing hands in the Main and US dollar markets with the prices of 19 advancing, 19 declining and nine trading firm. The JSE Main Market activity ended with 42 securities accounting for 61,902,088 units valued at $374,112,515 in contrast to 27,834,480 units for $185,509,886 from 41 securities on Thursday.
Wigton Windfarm dominated trading with 31.5 million shares for 51 percent of total volume, Sagicor Select Financial Fund followed with 8.25 million units for 13.3 percent of the day’s trade and Pulse Investments with 8.1 million units for 13 percent of the market’s volume. Other stocks trading more than one million units were Sagicor Select Manufacturing and Distribution Fund with 6.7 million units and 11 percent of total volume, QWI Investments with 1.05 million shares and Wisynco Group with 1.8 million units.
The Market closed with an average of 1,473,859 units valued at an average of $8,907,441 for each security traded, in contrast to 678,890 units valued at an average of $4,524,631 on Thursday. The average volume and value for the month to date amount to 624,731 units valued at $3,239,665 for each security changing hands compared to 596,981 units valued at $2,909,960 for each security traded. Trading in January resulted in an average of 626,134 units valued at $3,511,981 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows twenty-three stocks ending with bids higher than their last selling prices and two closing with lower offers. The PE ratio of the market ended at 18.9, while the Main Market ended at 18.2 times 2019 earnings.
In the prime market, Barita Investments lost 50 cents to close at $66.50 after trading 643,580 shares, Berger Paints dropped $1.50 to $14, with an exchange of 9,000 shares, Caribbean Cement jumped $7.99 to $77.99, after transferring 13,241 shares. Eppley Caribbean Property Fund climbed $4 to $46, in swapping 5,200 units, First Rock Capital ended at the lowest point since listing last week at $12, after losing $1 trading 24,366 shares. Jamaica Broilers climbed $4.69 to $39.70, with 164,156 shares changing hands, Jamaica Stock Exchange rose $1.60 to settle at $31.60, with an exchange of 239,060 shares. JMMB Group finished with a rise of $3.80 at $44.55, after trading 397,029 shares. Kingston Wharves closed trading at $53.03, after losing $1.97 exchanging 931 units, Mayberry Investments gained 70 cents to end at $8.20, with 10,280 shares crossing the exchange, MPC Caribbean Clean Energy tumbled $19.99 to $130.01, in transferring 1,613 units. NCB Financial closed $2 lower to $184 after trading 308,053 units, 138 Student Living lost 77 cents to end at $6.23, with 40,733 shares changing hands. PanJam Investment dipped $1.44 to $99.50 with an exchange of 15,383 units, Pulse Investments lost 35 cents to close at $11.10, in swapping 8,059,323 shares, Sagicor Group gained $1 to settle at $67, in exchanging 61,960 shares, Sagicor Real Estate Fund closed at $9.85, with gains of $1.05 in trading 362,100 shares. Scotia Group ended at $54, with a loss of $1 in transferring 272,072 shares, Seprod climbed $3 to $54, with 184,717 shares changing hands, Stanley Motta rose 40 cents to $5.60, trading 319,182 shares. Supreme Ventures lost 55 cents to settle at $21.50, in swapping 561,008 shares, Sygnus Credit Investments shed $1.06 to finish at $25.94, after transferring 88,979 shares. Victoria Mutual Investments slipped 50 cents to $9.25, with the trading of 226,844 shares and Wisynco Group gained 50 cents to end the day’s trade at $23.10, with an exchange of 1,803,893 shares.
Trading in the US dollar market ended with 352,444 units valued at over US$86,027. The market index rose 1.98 points to close at 228.15. First Rock Capital traded 100 units at 12 US cents, JMMB Group 6% preference share closed at US$1, with a gain of 1 cent exchanging 8,700 units, Proven Investments rose 1.9 cents to 31 US cents, in transferring 53,551 units. Sterling Investments lost 0.01 cent to end at 2.84 US cents, with 2,406 units changing hands and Sygnus Credit Investments gained 4.5 cents to settle at a record high of 22 US cents after swapping 287,687 shares.

Prices of securities trading for the day are those at which the last trade took place.

JSE majors slip again

The Main Market of the Jamaica Stock Exchange suffered more losses in trading on Thursday after the market reopened from the Ash Wednesday break as declining stocks had two to one ratio over rising ones after trading levels increased over Tuesday.

First Rock closed at a new low of $13.

At the close, the JSE All Jamaican Composite Index dipped 1,243.28 points to 531,671.90. The JSE Market Index dropped 1,125.70 points to 484,037.45, while the JSE Financial Index slipped 0.18 points to 131.13.
The market closed with 46 securities changing hands in the Main and US dollar markets with the prices of 12 advancing, 22 declining and 12 trading firm. The JSE Main Market activity ended with 41 securities accounting for 27,834,480 units valued at $185,509,886 in contrast to 31,839,670 units valued at $148,017,425 from 39 securities on Tuesday.
Sagicor Select Financial Fund traded 15.7 million shares for 56.5 percent of total volume, Wigton Windfarm followed with 6.6 million units for 23.7 percent of the day’s trade and Sagicor Group with 762,613 shares for 2.7 percent of the market share.
The Market closed with an average of 678,890 units valued at $4,524,631 for each security traded, in contrast to 565,203 units at an average of $3,795,319 on Tuesday. The average volume and value for the month to date amount to 596,981 units valued at $2,909,960 for each security changing hands compared to 592,330 units valued at $2,812,748 for each security traded. Trading in January resulted in an average of 626,134 units valued at $3,511,981 for each security.
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 two finishing with lower offers. The PE ratio of the market ended at 18.6, while the Main Market ended at 17.9 times 2019 earnings.
In the Main Market, Barita Investments lost $1 to close at $67 with 34,249 shares changing hands, First Berger Paints fell 41 to close at $15.50 while trading 17,636 stock units, First Rock Capital closed $2 lower to an all-time low of $13, with an exchange of 87,805 shares. Grace Kennedy rose 50 cents to settle at $68, after trading 499,415 units, Jamaica Producers lost $1 to $21, after transferring 98,535 shares, JMMB Group shed $2.36 to end at $40.75, with 548,151 shares changing hands. Kingston Wharves dropped $3 to close at $55, after exchanging 12,902 stock units, Mayberry Investments fell $1 to end at $7.50, in swapping 9,298 shares, Mayberry Jamaican Equities gained 45 cents to end at $11.45, in swapping 15,250 shares. NCB Financial closed $1.64 lower to $186 after trading 17,864 units, Sagicor Group dropped 50 cents to $66, in exchanging 762,613 shares, Salada Foods jumped $5.75 as 8,426 shares changed hands at $34.25. Scotia Group gained $1 and closed at $55, with 79,701 shares changing hands, Seprod lost $2 to close at $51 trading 16,104 shares, Sygnus Credit Investments closed at $26.99, after gaining 79 cents transferring 15,194 shares.
138 Student Living preference shares declined by 50 cents to settle at $5.50, in swapping 3,555,944 shares.
Trading in the US dollar market ended with 157,614 units valued $41,526. The market lost 1.01 points to close at 226.17. Newly listed First Rock Capital, traded 15,539 units at 12 US cents, Margaritaville exchanged 1,551 units at 29 US cents, Proven Investments lost 1.9 cents and closed at 29.1 US cents, with 113,774 units changing hands. Sterling Investments shed 0.04 cents after swapping 350 shares to settle at 2.85 US cents and Sygnus Credit Investments lost 2 cents to end at 17.5 US cents in trading 26,400 units.

Prices of securities trading for the day are those at which the last trade took place.

JSE Main Market trading picks up

Trading picked up on the Jamaica Stock Exchange Main Market on Monday, with 42 securities accounting for 17,374,368 units amounting to $123,900,597 in contrast to 15,728,098 units at $58,677,916 from 38 securities on Friday.
The market closed with 47 securities changing hands in the Main and US dollar markets with the prices of 15 advancing, 18 declining and 14 trading firm.
At the close, the JSE All Jamaican Composite Index declined 189.54 points to close at 538,072.47, the JSE Market Index fell 171.57 points to 489,831.04 and the JSE Financial Index lost 0.48 points to 132.30.
Sagicor Select Financial Fund closed trading with 10 million shares for 57.8 percent of total volume, Wigton Windfarm followed with 2.8 million units for 16 percent of the day’s trade, and 138 Student Living with 1.13 million shares for 6.5 percent market share.
 The Market closed with an average of 413,675 units valued at an average of $2,950,014 for each security traded, in contrast to 413,099 units valued at an average of $1,544,156 on Friday. The average volume and value for the month to date amount to 593,879 units valued at $2,753,059 for each security changing hands compared to 605,686 units valued at $2,739,272 for each security traded. Trading in January resulted in an average of 626,134 units valued at $3,511,981 for each security.
 IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows ten stocks ending with bids higher than their last selling prices and six finishing with lower offers. The PE ratio of the market ended at 18.8, while the Main Market ended at 18.2 times the 2019 earnings.
In the prime market, Barita Investments gained $1.10 to close at $68.10, with an exchange of 2,418 shares, Eppley climbed $2 to $18, in swapping 27,680 stock units, after being listed on Friday, First Rock Capital traded 23,916 units and closed 60 cents lower at $16, Grace Kennedy ended at $68, with a loss of $3 in transferring 41,201 shares. Jamaica Broilers fell 65 cents to $35.15 trading 16,634 units, Jamaica Producers lost 50 cents to settle at $24, with 30,241 shares changing hands. Jamaica Stock Exchange closed at $31.50, with gains of 50 cents after transferring 34,486 shares, JMMB Group settled at $44.50, after losing 51 cents and exchanging 259,358 shares, Mayberry Investments gained 60 cents to close at $8.10, in swapping 14,076 shares. NCB Financial lost $2.01 trading 238,395 units to end at $185, PanJam Investment lost 46 cents to close at $99.05, with 35,032 shares changing hands,  Portland JSX closed 50 cents higher at a 52 weeks’ high of $10, in swapping 17,500 units, Pulse Investments transferred 269,046 shares at $11.08, after losing $1.37. Sagicor Group lost 50 cents to settle at $70, in exchanging 98,849 shares, Salada Foods climbed $2.50 to $28.50 trading a mere 34 units, Scotia Group ended at $53.11, with a loss of 89 cents swapping 183,872 shares. Supreme Ventures advanced to $23.50, with gains of $1.49 exchanging 6,218 units and Sygnus Credit Investments closed 75 cents lower to $26.20, with 49,345 shares changing hands.
Trading in the US dollar market ended with 44,969 units valued at over US$12,359. The market lost 1.56 points to close at 228.24. First Rock Capital exchanged 1,000 units at 12 US cents, JMMB Group 6% preference share traded 1,000 units at 99 US cents, Margaritaville Turks lost 6 US cents transferring 1,190 units to end at 29 US cents. Proven Investments closed at 31 US cents, with 37,429 units changing hands, Sterling Investments lost 0.6 cents in swapping 2,000 shares to settle at 2.10 US cents and Sygnus Credit Investments gained 0.8 US cents to end at 17.8 US cents trading 2,350 shares.

Prices of securities trading for the day are those at which the last trade took place.

More slippage for JSE Main Market

The Jamaica Stock Exchange at the close on Thursday and shed some of the recent gains up to Tuesday, but with the value of securities trading, falling from Wednesday’s levels with higher volume.
All Jamaican Composite Index declined by 1,407.36 points to close at 535,140.90 at the close, the JSE Market Index dropped 1,263.11 points to 487,188.44 and the JSE Financial Index lost 0.45 points to 132.11.
Trading closed, with 45 securities changing hands in the Main and US dollar markets with the prices of 21 advancing, 13 declining and 11 trading firm. The JSE Main Market activity ended with 41 securities accounting for 16,632,332 units valued $128,247,176 in contrast to 13,058,687 units for $207,850,962 from 42 securities on Wednesday.
Wigton Windfarm led trading with 6.7 million shares accounting for 40 percent of total volume. Sagicor Select Financial Fund followed with 3.4 million units for 20 percent of the day’s trade and Sagicor Select Manufacturing & Distribution Fund, with 3.3 million shares, accounted for 14 percent of market share.
The Market closed with an average of 405,667 units valued at $3,127,980 for each security traded, in contrast to 424,688 units valued at $5,069,536 on Wednesday. The average volume and value for the month to date amount to 617,823 units for $2,820,081 for each security changing hands compared to 633,300 units for $2,795,851 for each security traded. Trading in January resulted in an average of 626,134 units valued at $3,511,981 for each security.
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 three closing with lower offers. The PE ratio of the market ended at 19, while the Main Market ended at 18.1 times 2019 earnings.
In the prime market, Barita Investments lost 98 cents to close at $68.01 after transferring 26,332 shares Grace Kennedy dropped $1.80 to $67.20, with 28,164 shares changing hands, Jamaica Stock Exchange lost $1.90 to close at $29.50 with 532,239 units crossing the market. JMMB Group closed 40 cents lower to $45, after transferring 80,251 shares, Kingston Wharves jumped $3.99 to close at $59, in swapping 6,790 units. 138 Student Living climbed $1.35 to close at 52 weeks’ high of $8.01, with an exchange of 183,238 shares. Proven Investments gained $1 to end at $48.50, in transferring 2,975 units, Pulse Investments closed $1.40 higher to a 52 weeks’ closing high of $12.40, after swapping 101,690 shares. Sagicor Group gained $1.20 trading 99,963 shares to close at $69.10, Salada Foods declined $1.53 to $26 after trading 12,646 units, Supreme Ventures rose $1 to end at $23, after transferring 11,976 shares. Sygnus Credit Investments gained $1.30 to settle at $26, in swapping 27,517 shares and in the preference segment, 138 Student Living rose $1 exchanging 1,364 shares at $6.
Trading in the US dollar market ended with 243,645 units valued at over US$61,593. The market index gained 1.56 points to close at 232.21. JMMB Group 6% preference share traded 1,748 units to end at 99 US cents, Proven Investments transferred 171,650 units at 31 US cents, Sterling Investments traded 38,293 shares at 2.7 US cents and Sygnus Credit Investments gained 2 cents in exchanging 31,954 units at 18 US cents.

JSE Main Market pulls back

The Jamaica Stock Exchange shed some of the gains accumulated over the past four days as the value of stocks trading rose well over Tuesday’s levels, but with lower volume.
All Jamaican Composite Index declined by 1,388.73 points to close at 536,548.26, at the close on Wednesday, the JSE Market Index dropped 1,256.86 points to 488,451.55 and the JSE Financial Index lost 0.29 points to 132.56.
The market closed with 45 securities changing hands in the Main and US dollar markets with the prices of 12 advancing, 18 declining and 15 trading firm. The JSE Main Market activity ended with 42 securities accounting for 13,058,687 units valued at $207,850,962 in contrast to 17,938,463 units valued at $135,316,853 from 42 securities on Tuesday.
Sagicor Select Financial Fund led trading with 4.1 million shares, and accounting for 31.5 percent of total volume, Wigton Windfarm followed with 2.45 million units for 18.8 percent of the day’s trade and QWI Investments with 1.8 million shares accounted for 14 percent of market share.
The Market closed with an average of 424,688 units valued at $5,069,536 for each security traded, in contrast to 427,106 units valued at an average of $3,221,830 on Tuesday. The average volume and value for the month to date amount to 633,300 units for $2,795,851 for each security changing hands compared to 649,717 units at $2,601,640 for each security traded. Trading in January resulted in an average of 626,134 units valued at $3,511,981 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows ten stocks ending with bids higher than their last selling prices and one closing with a lower offer. The PE ratio of the market ended at 20.5, while the Main Market ended at 19.8 times 2019 earnings.
In the prime market, Eppley added $1.30 to settle at $16.30 in trading 1,304 units, Grace Kennedy rose $1.38 to $69, with 3,825 shares changing hands, JMMB Group closed 79 cents lower to $45.40, after transferring 119,466 shares, Kingston Wharves dropped $4.99 to close at $55.01, in swapping 15,569 units. 138 Student Living added $1.28 to close at 52 weeks’ high of $6.66, with an exchange of 52,425 shares. PanJam Investment closed at $100.94, with gains of $1.74 trading 559,598 shares, Proven Investments lost 58 cents to end at $47.50, in transferring 4,456 units, Pulse Investments closed $1.15 higher to a 52 weeks’ closing high of $11, after swapping 134,751 shares. Salada Foods declined by $4.47 to $27.53 trading only 700 units, Scotia Group ended at $53.11, with a loss of 89 cents after transferring 771,557 shares. Seprod lost $1 and closed at $50, with 543,758 shares changing hands, Sygnus Credit Investments shed $1.21 to settle at $24.70, in swapping 34,376 shares and Wisynco Group lost 30 cents exchanging 123,760 shares at $22.50.
Trading in the US dollar market ended with 231,872 units valued at over US$205,111. The market index gained 0.14 points to close at 230.65. JMMB Group 5.75% preference share lost 10 cents trading 89,732 to end at US$2, Proven Investments transferred 27,032 units at 31 US cents, Sterling Investments traded 8,517 shares at 2.7 US cents and Sygnus Credit Investments exchanged 106,591 units at 16 US cents.
Prices of securities trading for the day are those at which the last trade took place.

Main Market up 11,000 points in 4 days

The Main Market of the Jamaica Stock Exchange closed higher on Tuesday for the fourth consecutive day, in the process clawed back 11,331 points of the 22,907.85 points lost from the start of February up to last Wednesday.
At the close, the JSE All Jamaican Composite Index advanced 1,598.69 points to close at 537,936.99, the JSE Market Index added 1,450.74 points to 489,708.41 and the JSE Financial Index gained 0.69 points to 132.85.
The market closed with 46 securities changing hands in the Main and US dollar markets with the prices of 20 advancing, 12 declining and 14 trading firm. The JSE Main Market activity ended with 42 securities accounting for 17,938,463 units valued at $135,316,853 in contrast to 19,925,654 units valued at $93,234,047 from 40 securities on Monday.
Sagicor Select Financial Fund was the leading trade with 6.5 million shares for 36 percent of total volume. Wigton Windfarm followed with 5.6 million units for 31 percent of the day’s business and Sagicor Select Manufacturing and Distribution Fund ended with 1.7 million shares for 9 percent market share.
The Market closed with an average of 427,106 units valued at an average of $3,221,830 for each security traded, in contrast to 498,141 units valued at an average of $2,330,851 on Monday. The average volume and value for the month to date amount to 649,717 units valued at $2,601,640 for each security changing hands compared to 669,236 units valued at $2,542,170 for each security traded. Trading in January resulted in an average of 626,134 units valued at $3,511,981 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows eight stocks ending with bids higher than their last selling prices and four closing with lower offers. The PE ratio of the market ended at 20.1, while the Main Market ended at 19.4 times the 2019 earnings.
In the Main Market, Caribbean Cement gained 35 cents to settle at $70.35 trading 137,026 shares, Eppley climbed $1.50 to $15 after exchanging 30,750 units, Grace Kennedy shed $2.88 to end at $67.62, in transferring 132,940 shares. Jamaica Broilers rose to $35, with gains of $1.18 and swapping 83,011 shares, Jamaica Stock Exchange ended at $31.50, after losing 50 cents trading 21,277 shares,  JMMB Group added 64 cents to close at $46.19, with 90,789 units changing hands. Kingston Wharves slid $1.60 to $60, with 4,200 units crossing the exchange, Mayberry Investments lost 40 cents to end at $7.30, in an exchange of 37,730 units, NCB Financial dropped $2.90 to settle at $184.10, in swapping 285,534 shares, 138 Student Living gained $1.03 to close at $5.38, with 177,412 shares traded. Pulse Investments closed $1.65 lower to $9.85, with 189,925 shares changing hands. Sagicor Group added 81 cents, in rising to $70.50 trading 116,624 shares, Salada Foods declined $3 to $32, in after swapping a mere 180 units, Seprod settled at $51, after gaining $5 trading 31,388 shares. Supreme Ventures dipped $1.07 to $22.10, in exchanging 130,454 shares, Sygnus Credit Investments closed $1.21 higher to $25.91, after trading 74,479 shares and Wisynco Group gained 30 cents to close at $22.80, with an exchange of 92,295 shares.
Trading in the US dollar market ended with 54,580 units valued US$31,202. The market index dipped 0.12 points to close at 230.51. JMMB Group 5.75% preference share gained 10 cents trading 10,268 to end at US$2.10, Proven Investments exchanged 19,996 units at 31 US cents, Sterling Investments transferred 3,138 shares at 2.7 US cents and Sygnus Credit Investments exchanged 21,178 units at 16 US cents.

More gains for Main Market

The Jamaica Stock Exchange closed with slightly more stocks rising than falling, leading to gains in the Main Market indices at the close on Friday as more investment dollars entered the market than on Thursday.
At the close of trading, the JSE All Jamaican Composite Index advanced 2,205.30 points to close at 533,532.74, the JSE Market Index added 2,005.08 points to 485,872.96 and the JSE Financial Index gained 0.85 points to 132.17.
The market closed with 44 securities changing hands in the Main and US dollar markets with the prices of 16 advancing, 15 declining and 13 trading firm. The JSE Main Market activity ended with 41 securities changing hands accounting for 25,935,878 units valued at $106,383,024 in contrast to 32,214,496 units valued at $74,997,715 from 42 securities on Thursday.
Wigton Windfarm ended trading with 10.3 million shares for 40 percent of total volume, followed by Sagicor Select Financial Fund with 9.2 million units for 36 percent of the day’s trade and Sagicor Select Manufacturing and Distribution with 2.2 million shares for 8 percent of the market’s volume. QWI Investments was the only other stock trading more than one million units, ending the day’s trade with 1.1 million units.
The Market closed with an average of 632,582 units valued at an average of $2,594,708 for each security traded, in contrast to 805,362 units valued at an average of $1,874,943 on Thursday. The average volume and value for the month to date amount to 684,825 units valued at $2,563,408 for each security changing hands compared to 690,207 units valued at $2,559,814 for each security traded. Trading in January resulted in an average of 626,134 units valued at $3,511,981 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows eight stocks ending with bids higher than their last selling prices and two closing with lower offers. The PE ratio of the market ended at 19.6, while the Main Market ended at 18.8 times the 2019 earnings.
In the Main Market, Caribbean Cement added 75 cents to settle at $70.75, with 1,950 shares changing hands, Jamaica Producers closed $2 higher at $26 in trading 15,145 shares, Jamaica Stock Exchange lost 96 cents transferring 24,516 shares and ended at $30.03. Kingston Wharves dropped to $57, with a loss of $4.85 in swapping just 887 units, Mayberry Investments closed 60 cents lower at $7.50, in exchanging 2,991 shares, Mayberry Jamaican Equities traded 4,200 shares at $9, after losing $1.05. NCB Financial gained 50 cents to settle at $185, in transferring 153,378 shares, PanJam Investment lost 97 cents to close at $99.03, with an exchange of 9,603 shares, Proven Investments ended at $47.25, with a loss of $1.25 with 13,725 shares changing hands. Pulse Investments climbed $2.12 to close at a 52 weeks’ high of $12.10, in transferring 435,669 shares, Sagicor Group declined $1.23 to $67.52 while trading 22,052 shares, Salada Foods gained $3 to end at $35, in an exchange of 144 units, Seprod closed 49 cents lower to $46.50, with 78,103 shares changing hands. Stanley Motta swapped 269,383 shares at $5.75, after gaining 75 cents, Sygnus Credit Investments added 50 cents to close at $24.50, in transferring 10,080 shares and Wisynco Group ended 50 cents lower at $22.50, with an exchange of 180,962 shares.
Trading in the US dollar market ended with 228,960 units valued US$67,649. The market index dipped 1.11 points to close at 228.90. Proven Investments lost half of 1 cent to close at 30.50 US cents in exchanging 213,980 units, Sygnus Credit Investments transferred 14,557 units at 16 US cents and Sterling Investments gained 0.3 cents after trading 423 units to settle at 2.7 US cents.

Prices of securities trading are those at which the last trade took place.

JSE Main Market down again – Tuesday

At the close, the JSE All Jamaican Composite Index dropped 3,090.89 points to close at 527,231.19, the JSE Market Index fell 2,798.09 points to 480,098.25 and the JSE Financial Index lost 0.13 points to 130.62.

Pulse closed at a new high after hitting a record $10.59 during the day.

The market closed, with 41 securities changing hands in the Main and US dollar markets with the prices of 15 advancing, 20 declining and 6 trading firm. At the end of trading, Pulse Investments ended at a 52 weeks’ closing high while Kingston Properties closed at a 52 weeks’ low of $4.87 and Sagicor Real Estate Fund traded at a 52 weeks’ intraday low of $7.50.
The JSE Main Market activity ended with 38 securities accounting for 27.628,819 units valued at $81,726,949 in contrast to 25,245,816 units valued at $126,226,094 from 39 securities on Monday.
Wigton Windfarm dominated trading with 11.1 million shares for 40 percent of total volume, followed by Sagicor Select Financial Fund with 8 million units for 29 percent of the day’s trade and Sagicor Select Manufacturing and Distribution with 4.7 million shares for 17 percent of the market’s volume. QWI Investments was the only other stock trading more than one million units, ending the day with 1.8 million units.
The Market closed with an average of 727,074 units at $2,150,709 for each security traded, in contrast to 647,329 units valued at an average of $3,236,567 on Monday. The average volume and value for the month to date amount to 615,914 units valued at $2,734,748 for each security changing hands compared to 600,720 units valued at $2,828,391 for each security traded. Trading in January resulted in an average of 626,134 units valued at $3,511,981 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows twelve stocks ending with bids higher than their last selling prices and four closing with lower offers. The PE ratio of the market ended at 19.1, while the Main Market ended at 18.2 times 2019 earnings.
In the prime market, Barita Investments gained 51 cents to settle at $68.51, with an exchange of 22,520 shares, Caribbean Cement closed at $67.80, after losing $1.20 trading 14,681 shares, Grace Kennedy shed $2.20 to end at $67 in transferring 74,051 shares, Jamaica Producers closed 50 cents lower to $24.50, with 7,434 shares changing hands. Jamaica Stock Exchange dropped $1.90 to $29.10, in swapping 58,730 shares, JMMB Group ended at $43.10, with a loss of 90 cents after trading 133,263 units, Kingston Wharves gained $1.50 to settle at $60, with 1,965 units crossing the exchange. NCB Financial Group declined to $182.01, after losing $2.98, with 74,687 shares changing hands, 138 Student Living lost 59 cents to end at $4.40, trading 300 units, PanJam Investment closed at $98.50, after falling $2.45 and trading 6,213 stock units, Proven Investments lost $2 in closing at $46, after the swapping of just 1,064 shares. Pulse Investments added $1.50 to settle at a record high of $10 after the transfer of 202,971 shares, with the price hitting an intraday high of $10.59. Sagicor Real Estate Fund lost 30 cents to end at $8.70, with 32,919 units changing hands after trading at a 52 weeks’ intraday low of $7.50, Salada Foods climbed $2 to $32, with 90,090 shares traded and Seprod ended with an exchange of 15,557 shares at $45.75, after gaining 50 cents.
Trading in the US dollar market ended with 216,590 units valued at over US$69,187. The market index jumped 12.41 points to close at 228.93. JMMB Group 5.75% preference share traded 5,000 units at US$2, Proven Investments gained 2 cents to end at 31 US cents, after exchanging 172,225 units and Sygnus Credit Investments lost 1.6 cents to end at 15.4 US cents after transferring 39,365 units.