Market activity ended with the market declining after an equal number of stocks gained and fell on Monday, with an exchange of 51 percent fewer shares valued 24 percent more than on Friday at the close of the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index fell 1,091.39 points to 456,758.61, the JSE Main Index shed 853.02 points to end at 418,503.35 and the JSE Financial Index slipped 0.48 points to 102.77.
Trading ended with 51 securities compared to 49 on Friday, with 19 stocks rising, 19 declining and 13 remaining unchanged. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 16.6 based on ICInsider.com forecast of 2021-22 earnings.
The market closed with 7,709,340 shares trading for $130,066,476 versus 15,681,808 units at $104,944,658 on Friday and 5 million units of corporate bonds traded. Jamaica Broilers led trading with 30.5 percent of total volume for an exchange of 2.35 million shares followed by Transjamaican Highway with 13.9 percent for 1.07 million units for 13.9 percent of the day’s trade and
QWI Investments with 7.7 percent for 594,882 units.
Trading averaged 151,164 units at $2,550,323, compared to 320,037 shares at $2,141,728 on Friday. Trading month to date averages 330,103 units at $17,799,233, in contrast to 340,903 units at $18,719,581 on Friday. June ended with an average of Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Berger Paints spiked $1.13 to $14.83 with 2,083 shares crossing the exchange, Eppley fell $3.50 to $39.50 in trading 367 stocks. Eppley Caribbean Property Fund shed 50 cents ending at $42 in exchange of 265 stock units, First Rock Capital lost 35 cents to finish at $14.54 with a transfer of 10,832 shares, Guardian Holdings fell $2 to $648 after exchanging 2,419 units. Jamaica Broilers rallied 48 cents to $36.50 with 2,353,116 shares crossing the market, JMMB Group pushed 36 cents higher to $38.68 in switching ownership of 74,727 stocks, Key Insurance shed 49 cents to $4.51, with 548,051 units clearing the market, Kingston Properties spiked $1.15 to $9.55 with 609 stock units changing hands. Kingston Wharves shed 95 cents to $48.99 in switching ownership of 3,600 stocks, Margaritaville slipped 77 cents to $14.50 with the swapping of 1,226 stock units, Mayberry Investments climbed 35 cents to $6.05 in exchanging 10 units, NCB Financial shed $1 to $139 after transferring 22,714 stocks, 138 Student Living lost 30 cents to close at $4.50 in exchanging 27,372 units, Pan Jam Investment fell $1 to $64 in switching ownership of 685 stocks.
Portland JSX advanced $1.20 to $9.20 with the swapping of 541 units, Proven Investments fell 90 cents to $34.10 after exchanging 15,417 shares, Radio Jamaica spiked 11 cents to end trading at a 52 weeks’ closing high of $2.15, with 578,444 shares clearing the market. Sagicor Group dropped $1.83 to $53.92 with the transfer of 55,508 units and Seprod gained 90 cents to end at $70 in exchanging 83,359 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The All Jamaican Composite Index popped 853.62 points to 457,850.00, the JSE Main Index dipped 52.77 points to 419,356.37 and the JSE Financial Index inched 0.08 points higher to 103.25.
Trading averaged 320,037 units at $2,141,728, compared to 240,337 shares at $897,464 on Thursday. Trading month to date averages 340,903 units at $18,719,581, in contrast to 342,188 units at $19,740,077 on Thursday. June ended with an average of 249,610 units at $3,877,606.
Palace Amusement dived $120 to $980 with 102 stocks crossing the exchange, Scotia Group lost 37 cents to $38.75 in trading 126,690 shares, Seprod rallied $1.98 to $69.10 in switching ownership of 90,663 stock units, Sterling Investments gained 20 cents to finish at $3 in exchanging 101,297 units and Supreme Ventures popped 30 cents to close at $19.25 with the swapping of 201,367 shares.
At the close, the All Jamaican Composite Index added 1,435.41 points to 456,996.38, the JSE Main Index rose 944.89 points to end at 419,409.14 and the JSE Financial Index lost 0.07 points to 103.17.
Trading averaged 240,337 units at $897,464, compared to 139,495 shares at $1,919,540 on Wednesday. Trading month to date, averages 342,188 units at $19,740,077, in contrast to 349,306 units at $21,057,034 on Wednesday. June ended with an average of 249,610 units at $3,877,606.
Radio Jamaica popped 7 cents to end at a 52 weeks’ closing high of $2.12 after hitting a high of $2.35 in trading 4,244,290 stock units, Sagicor Group rose 60 cents to $55.60 with the swapping of 7,350 units, Scotia Group rallied 42 cents to $39.12 in exchanging 36,715 shares, Seprod fell $2.07 to $67.12 in transferring 5,569 units, Sterling Investments lost 20 cents to end at $2.80 in exchanging 140,000 stock units, Supreme Ventures dipped 24 cents to $18.95 in trading 94,131 shares and Victoria Mutual Investments popped 40 cents to end at $6.40 in switching ownership of 13,298 stock units.
At the close, the All Jamaican Composite Index advanced 1,662.75 points to 455,560.97, the JSE Main Index climbed 2,127.16 points to end at 418,464.25 and the JSE Financial Index rose 0.88 points to 103.24.
At the close, Barita Investments shed 59 cents to end at $83.41 with a transfer of 839,640 shares, Berger Paints spiked 90 cents to $13.90 in exchanging 20 stock units, Caribbean Cement popped $1.25 to $92.75 with 1,654 units crossing the market. Eppley Caribbean Property Fund spiked $1.85 to $43 with the swapping of 27 stocks, Grace Kennedy lost 49 cents to close at $99.50 in switching ownership of 12,187 units. Guardian Holdings surged $24 to $670 in trading 526 stocks, Kingston Properties rallied 85 cents to $9.90 in exchanging 6,700 stock units, Kingston Wharves declined $2.32 to $47.60, with 11,630 shares changing hands. Margaritaville fell 25 cents to $14.50 with 8,513 units crossing the exchange, Mayberry Investments shed 45 cents to $5.70 with the swapping of 3,760 shares, Mayberry Jamaican Equities fell 25 cents to $9.05 in switching ownership of 36,860 stocks. NCB Financial rose 99 cents to $139.99 in switching ownership of 21,567 stock units, Palace Amusement climbed $40 to $1,100 in trading 124 stocks, PanJam Investment slipped $1 to $64 after an exchange of 6,052 units. Portland JSX rose 83 cents to $8 in trading 179 stock units, Proven Investments picked up 40 cents to close at $34.50 after trading 31,665 stocks, Radio Jamaica popped 5 cents to end at a 52 weeks’ high of $2.05 while exchanging 842,024 shares.
Sagicor Group advanced $3 to $55 in switching ownership of 61,758 shares, Seprod fell 80 cents to $69.19 with 17,791 shares changing hands, Sterling Investments gained 20 cents to end at $3 with 163,311 units crossing the market and Sygnus Credit Investments lost 38 cents after ending at $14.72 in trading 20,833 units.