The Jamaica Stock Exchange Main Market ended trading on Wednesday with the market rising after rising stocks outnumbered declining ones by a big margin after the trading volume was just marginally lower than on Tuesday.
JSE Index heading higher into the new year.
The All Jamaican Composite Index rose 1,936.76 points to close at 431,268.53, the Main Index rose 1,848.12 points to 393,601.24 and the JSE Financial Index shed 0.10 points to end at 102.25.
Trading closed with 47 securities compared to 45 on Tuesday and ended with prices of 26 stocks rising, 15 declining and six remaining unchanged. The PE Ratio averages 17.3 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading closed with 28,868,187 shares for $558,644,139 compared to 29,337,011 units at $299,861,101 on Tuesday. Transjamaican Highway led trading with 29.9 percent of total volume after 8.62 million shares were traded, followed by Eppley Caribbean Property Fund with 26.1 percent after 7.53 million units changing hands. Wigton Windfarm controlled 9.3 percent market share with 2.67 million shares, Community & Workers Credit Union 8.7 percent with 2.52 million units, Wisynco Group 4.3 percent with 1.23 million units, Carreras controlled 4.1 percent of total volume with 1.2 million units and Sagicor Group with 1.09 million units for 3.8 percent market share.
Trading for the day averaged 614,217 units at $11,886,046 for each security, compared to an average of 651,934 shares at $6,663,580 on Tuesday. Trading month to date averages 435,836 units at $7,056,56, in contrast to 426,447 units at $6,802,380 on Wednesday. November ended with an average of 623,120 units at $6,686,047.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments fell 30 cents to end at $86.70 in an exchange of 563,202 shares, Caribbean Cement gained $2 to end at $62 while trading 68,927 units, Carreras advanced 31 cents to $7.30, with 1,195,301 units changing hands. Eppley gained $1.50 in closing at $28, with 5,399 stocks changing hands, Eppley Caribbean Property Fund increased $2.34 to $49.34 with the swapping of 7,532,916 units, Grace Kennedy climbed $2.44 to $63.44 in an exchange of 122,778 shares. JMMB Group advanced $2.22 to $33.97 in trading 41,143 stocks, Key Insurance shed 69 cents to close at $5.90 in switching 183,834 stock units, Kingston Wharves carved out a gain of $2.33 in closing at $46.85 trading 216 shares. 
Margaritaville dived $13.23 to $43 in an exchange of 855 units, Mayberry Investments lost 31 cents to close at $5.77 trading 132,619 stock units, MPC Caribbean Clean Energy climbed $22.99 to $158 in an exchange of 729 units. NCB Financial gained $3 to close at $145 with an exchange of 34,603 stock units, Radio Jamaica climbed 33 cents to $1.68 in exchanging 766,452 shares, Sagicor Group climbed 60 cents to $51 while trading 1,086,033 stock units. Scotia Group increased $1.44 in closing at $44.95 with 6,540 shares changing hands, Seprod declined by $1.50 to $65 after exchanging 38,172 units and Stanley Motta climbed 60 cents to $5.50 in transferring ownership of 275,734 stocks.
In the preference segment, Productive Business Solutions 9.75% Preference share gained $8 in closing at a 52 weeks’ high of $110 in trading 10 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The All Jamaican Composite Index lost 528.44 points to close at 429,331.77, the JSE Main Index shed 550.89 points to end at 391,753.12 and the JSE Financial Index shed 0.11 points to settle at 102.35.
The day’s trading averaged 651,934 units at $6,663,580 for each security, versus 1,075,147 shares at $6,244,835 on Monday. Trading month to date averaged 426,447 units at $6,802,380 for each security, compared to 414,481 units at $6,809,746 on the prior trading day. November ended with an average of 623,120 units at $6,686,047.
Salada Foods gained $4.10 in closing at $27.25 after trading 100 shares, Scotia Group lost $1.44 to settle at $43.51, with 37,260 stocks crossing the exchange and Sygnus Credit Investments fell 50 cents to close at $15.50 in trading 142,589 shares.
At the close, the All Jamaican Composite Index carved out a gain of 379.52 points to settle at 429,860.21, the Main Index rose 402.18 points to settle at 392,304.01 and the JSE Financial Index inched 0.29 points to settle at 102.46.
Trading for the day averaged 1,075,147 units at $6,244,835 for each security, compared to an average of 426,017 shares at $4,962,196 on Thursday. Trading month to date averaged 414,481 units at $6,809,746 for each security, in contrast to 375,716 units at $6,842,893 on the prior trading day. November trading averaged 623,120 units at $6,686,047.
JMMB Group shed 50 cents to end at $33.50 with investors swapping 26,573 units, NCB Financial gained $2.50 to close at $144 in switching ownership of 2,977 stock units, PanJam Investment rose $2.65 to $68.15 4,878 units changing hands. Sagicor Group advanced 99 cents to $49.99 after 580,544 shares cleared the market, Salada Foods dropped $5.84 to close at $23.15 trading 1,000 units, Supreme Ventures declined by 37 cents to $17.50 after 19,428 stock units crossed the exchange. Victoria Mutual Investments climbed 35 cents to close at $6 with an exchange of 643,937 stocks and Wisynco Group rose 50 cents to $16.30, with 259,786 shares crossing the market.
This week’s focus: The long awaited initial public offer of shares by
The top three stocks in the Junior Market with the potential to gain between 220 to 350 percent by March 2021 are Caribbean Producers, followed by Elite Diagnostic and 
The Main Market TOP 10 stocks trade at a PE of 9.3 or 57 percent of the PE of that market.
Trading for the day averaged 426,017 units at $4,962,196 for each security, compared to an average of 511,440 shares at $2,925,439 on Wednesday. The month to date average resulted in 375,716 units at $6,842,893 for each security, compared to 372,792 units at $6,952,207 on the prior trading day. November averaged 623,120 units at $6,686,047.
NCB Financial rose $1.50 to $141.50 while exchanging 35,029 stock units, PanJam Investment shed $2.20 to end at $65.50 after 11,725 shares crossed the exchange, Sagicor Group carved out a loss of 50 cents and ended at $49 after trading 106,746 stocks. Seprod gained 50 cents to settle at $66.50 exchanging 1,664 units and Sygnus Credit Investments lost 90 cents to end at $16, with 206,274 shares changing hands.
At the close, the All Jamaican Composite Index rose 1,881.19 points to settle at 424,217.88, the Main Index climbed 1,702.34 points to 387,217.88 and the JSE Financial Index added 0.44 points to close at 100.64.
Trading on Wednesday averaged 511,440 units at $2,925,439 for each security, compared to an average of 542,494 shares at $6,746,385 on Tuesday. Trading month to date averaged 372,792 units at $6,952,207 for each security, in contrast to 363,405 units at $7,224,823 on the prior trading day. November ended with an average of 623,120 units at $6,686,047.
Kingston Wharves declined by $1.09 to $45.80 after exchanging 385 units, Mayberry Investments increased 38 cents to $6.15 in trading 12,925 stock units, NCB Financial shed $4.97 in ending at $140 with 128,875 stocks crossing the exchange. 138 Student Living increased 51 cents in closing at $4.86 and exchanging 1,838 shares, Palace Amusement rose $100 to $1300 after exchanging 16 units, Portland JSX climbed $1.50 to $9.50 exchanging 800 shares, Sagicor Real Estate Fund rose 47 cents to close at $7.75, with 6,265,503 stocks crossing the exchange. Salada Foods climbed $5.72 to $28.74 in an exchange of one share, Scotia Group increased $2.49 to $45 in trading 703,239 stocks and Sygnus Credit Investments advanced 90 cents to $16.90 while trading 21,929 stock units.
At the close, the All Jamaican Composite Index lost 5,193.89 points to settle at 422,336.69, the Main Index declined by 4,647.93 points to settle at 385,515.54 and the JSE Financial Index shed 1.90 points to settle at 100.20.
Trading averaged 542,494 units at $6,746,385 for each security, compared to 376,600 shares at $33,442,451 on Monday. Trading month to date averaged 363,405 units at $7,224,823 for each security, in contrast to 350,980 units at $7,258,018 on the prior trading day. Trading in November averaged of 623,120 units at $6,686,047.
Kingston Properties climbed $1.04 to $7.25 in exchanging 1,500 shares, NCB Financial rose 47 cents to $144.97 after exchanging 22,631 stocks, Palace Amusement dived $100 to $1200 after exchanging 9 units. Sagicor Group lost 50 cents to close at $49.50 in trading 4,022,948 stocks, Salada Foods lost $1.98 after ending at $23.02 with investors swapping 54,260 stock units, Scotia Group shed 97 cents to end at $42.51, with 47,182 shares passing through the market and Sygnus Credit Investments fell 50 cents to $16 in an exchange of 194,763 shares.
Trading averaged 376,600 units at $33,442,451 for each security, compared to 818,719 shares at $5,333,003 on Friday. Month to date averaged 350,980 units at $7,258,018 for each security, in contrast to 349,070 units at $5,305,856. November averaged 623,120 units at $6,686,047.
Kingston Wharves advanced 90 cents to $46.90 after exchanging 11,025 stocks, Mayberry Investments lost 50 cents to end at $6 with 695 shares trading, MPC Caribbean Clean Energy shed $14 to end at $145 with an exchange of 10 stock units. NCB Financial climbed 50 cents to $144.50, with 9,979,058 shares crossing the exchange, Palace Amusement climbed $87 to $1300 in trading 14 units, PanJam Investment rose $1.15 to end at $67.97 trading 37,700 shares. Portland JSX lost 48 cents in ending at $8 trading 15,755 stock units, Sagicor Group climbed $4.99 to $50, with 46,612 units passing through the market, Salada Foods lost $4 to close at $25 in exchanging 1,267 shares and Scotia Group shed $1.02 to end at $43.48 trading 11,546 stock units.
The Main Market closed lower at the end of the past week having pulled back from last week from the close of the previous week. Against the above out turn, there is just one new addition to the TOP10 at the end of the week but there were some price movements of note during the week.
AMG Packaging and Caribbean Producers fell 7 percent to $1.55 and $2.74, respectively. Lasco Distributors fell 8 percent to $3.16 from $3.55. Lumber Depot rose 12 percent to $1.55 and Jamaican Teas gained 8 percent to $2.05.
The Junior and Main markets are currently trading well below the market average, indicating strong gains ahead. The JSE Main Market ended the week, with an overall PE of 16.8 and the Junior Market 13.7, based on ICInsider.com’s projected 2020-21 earnings. The PE ratio for the Junior Market Top 10 stocks average a mere 7.2 at just 53 percent of the market average. The Main Market TOP 10 stocks trade at a PE of 9.2 or 55 percent of the PE of that market.
IC TOP 10 stocks are likely to deliver the best returns up to March 2021 and ranked in order of potential gains, based on likely gain for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in movements in and out of the lists weekly. Revisions to earnings per share are ongoing, based on receipt of new information.
Trading ended with 46 securities changing hands compared to 45 on Thursday and closed with the prices of 22 stocks rising, 12 declining and 12 remaining unchanged, with Ciboney trading at a 52 weeks’ high of 25 cents. The average PE Ratio ended at 16.8 based on ICInsider.com’s forecast of 2020-21 earnings.
Sagicor Group with 8 percent for 3 million units and Sagicor Select Financial Fund with a 3.6 percent market share for 1.35 million units.
NCB Financial advanced $2 to $144 trading 21,418 stocks, Pan Jam Investment climbed $1.32 to $66.82, after 64,236 shares crossed the market, Sagicor Group dropped $4.49 to close at $45.01, with 3,004,520 shares clearing the market. Scotia Group gained 50 cents to finish at $44.50, trading 5,364 units, Seprod lost 45 cents in closing at $66 and exchanging 25,732 stock units and Wisynco Group increased 50 cents to $16, with 30,512 stock units passing through the market.