The Main Market of the Jamaica Stock Exchange lost more grounds on Wednesday as trading levels fell and declining stocks overpowered advancing ones more than 2 to 1 as the prices of 26 companies fell.
At the close, the JSE All Jamaican Composite Index declined by 2,583.02 points to 412,781.30, the JSE Market Index dropped 2,341.78 points to 376,397.69 and the JSE Financial Index was down 1.36 points to 97.68. The PE ratio of the market ended at 14.6, while the Main Market ended at 14.9 times 2020-21 earnings.
The market closed with 43 securities changing hands in the Main and US dollar markets with prices of 12 stocks advancing, 26 declining and five securities traded firm. The JSE Main Market activity ended with 39 securities accounting for 7,513,787 units for $85,083,138, in contrast to 9,471,871 units valued at $108,990,432 from 39 securities on Tuesday.
Wigton Windfarm led trading with 2.1 million shares for 28 percent of total volume followed by Wisynco Group with 1.5 million units for 20 percent of the day’s trade and Trans Jamaican Highway with 1 million units for 13.5 percent market share.
The average security trading on Thursday amounted to 192,661 units at $2,181,619, in contrast to 242,868 units at an average of $2,794,626 on Tuesday. The average stocks trading stood at 405,183 units for the month to date at $5,483,471 for each, compared to 429,778 units with an average value of $5,919,987 on Tuesday. 
Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows fourteen stocks ending with bids higher than their last selling prices and four stocks closing with lower offers.
In the Main Market, Barita Investments fell 35 cents to $49.95, in exchanging 1,417 units, Berger Paints lost $1.41 to end at $12, with 20,501 stock units changing hands, Caribbean Cement declined by $1.97 to $49 transferring 17,343 stock units. Eppley traded 40 cents lower to settle at $16.50, after swapping 142 units, First Rock Capital shed 80 cents exchanging 6,048 units and closed at $15.20, Jamaica Broilers ended at $26.50, with a loss of 49 cents in transferring 264,925 shares. Jamaica Stock Exchange climbed $1.43 to $23.93, with an exchange of 439 units, NCB Financial Group ended $4.75 lower at $140, with 202,699 shares crossing the market,
138 Student Living closed at $6.01, after losing 59 cents trading 25,884 stock units. Palace Amusement gained $199 in swapping two stock units and closed at $1,900, Pan Jam Investment ended at $74.95, with gains of 95 cents after transferring 4,919 units, Proven Investments declined by $3.35 to end at $33.65, in exchanging 1,726 units. Sagicor Group added $1.50 to end at $46, with 64,238 stock units changing hands, Scotia Group shed 76 cents to finish at $47.19, after trading 52,931 stock units, Seprod fell by $1.19 to $53.60, in transferring 15,839 units and Sygnus Credit Investments ended the day at $16.80, with a loss of 64 cents in exchanging 12,826 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of trading, the JSE All Jamaican Composite Index fell by 558.44 points to 415,364.32, the JSE Market Index shed 505.53 points to 378,739.47 and the JSE Financial Index gained 0.03 points to end at 99.04. The PE ratio of the market ended at 14.8, while the Main Market ended at 15.1 times 2020-21 earnings.
The average security trading on Thursday amounted to 242,868 units valued at $2,794,626, in contrast to 408,628 units valued at an average of $7,102,646 on Monday. The average volume and value for the month to date amount to 429,778 units valued at $5,919,987 for each security changing hands, compared to 454,239 units with an average value of $6,396,116. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
Mayberry Investments lost 40 cents to close at $5.50, with the transfer of 127,000 shares, NCB Financial Group advanced by $4.75 to $144.75, with 152,989 stock units changing hands, Palace Amusement ended $499 lower at $1,701 with 48 units crossing the exchange. Proven Investments added $1.60 trading 57,251 stock units and closed at $37, Sagicor Group gained 50 cents to end at $44.50, in transferring 19,054 units, Salada Foods dived $3.01 after exchanging 3,463 stock units to settle at $26. Scotia Group closed $1.87 higher at $47.95, with 712,104 shares crossing the market, Seprod advanced $1.23 to $54.79, with 124,459 shares changing hands and Supreme Ventures ended at $15.50, after gaining 54 cents in trading 85,516 stock units.
The average security trading on Monday amounted to 408,628 units at $7,102,646, in contrast to 367,026 units valued at an average of $2,824,785 on Friday. The average volume and value for the month to date amount to 454,239 units valued at $6,396,116 for each security changing hands, compared to 462,352 units with an average of $6,245,434. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
MPC Caribbean Clean Energy dropped $6 to close at $159, with 600 units crossing the exchange, NCB Financial Group sustained a loss of $7 trading 989,511 shares to finish at $140. 138 Student Living lost 31 cents to settle at $6.60, with 106,049 shares changing hands, Palace Amusement jumped $500 to reach $2,200 after a mere eight units traded, PanJam Investment closed 75 cents lower to $74, in exchanging 12,670 units. Proven Investments advanced by $2.40 to $35.40 after transferring 28,462 units, Sagicor Group fell $1.50 to $44 trading 228,087 shares, Salada Foods shed 49 cents to end at $29.01, after swapping 3,400 units. Seprod declined $1.24 in transferring $147,046 shares and closed at $53.56 and Sygnus Credit Investments ended the day at $17.47, with gains of $1.47 trading 22,438 units.
Junior Main Market stocks pulled back this week, resulting in few changes to the IC Insider.com TOP 10 lists as the market may be caught in the usual early summer of consolidation ahead of the release of second-quarter results.
In the Main Market, Radio Jamaica continues to lead, followed by Berger Paints and JMMB Group with projected gains of 165 to 210 percent.
The PE ratio for Junior Market Top 10 stocks averages a mere 5.1 at 53 percent to the average of the overall Junior Market. The Main Market TOP 10 stocks trade at 8.6 or 60 percent of the PE of the market.
The ranking of stocks is in order of likely increases, with the highest-ranked, being the most attractive. Expected values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Revisions to 
At the close, the JSE All Jamaican Composite Index declined by 101.01 points to 417,661.84, the JSE Market Index shed 15.45 points to 380,836.95 and the JSE Financial Index lost 0.19 points to 99.60. The PE ratio of the market ended at 14.8, while the Main Market ended at 15.1 times 2020-21 earnings.
The average security trading on Friday amounted to 367,026 units valued at $2,824,785, in contrast to 211,895 units at an average of $923,118 on Thursday. The average volume and value for the month to date amount to 462,352 units valued at $6,245,434 for each security changing hands, compared to 594,225 units with an average of $6,972,813. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
Kingston Wharves fell $2.20 to $55.79, with 3,000 units crossing the market. Mayberry Jamaican Investments gained 50 cents transferring 5,500 units in settling at $10.50, NCB Financial Group closed $2 higher at $147, with 74,083 shares crossing the exchange, Palace Amusement jumped $450 to $1,700, after exchanging only 2 stock units. Proven Investments shed 85 cents to end at $33, in swapping 22,693 units, Sagicor Group lost 49 cents trading 373,568 shares and closed at $45.50, Sagicor Real Estate Fund gained 75 cents in transferring 24,861 units in settling at $7.75. Seprod closed 30 cents higher at $54.80, with 23,473 units changing hands and Sygnus Credit Investments ended at $16, with a loss of $1.40 after trading 48,957 units.
At the close, the JSE All Jamaican Composite Index gained 708.47 points to 417,762.85, the JSE Market Index advanced by 727.80 points to 380,852.40 and the JSE Financial Index rose 0.39 points to 99.79. The PE ratio of the market ended at 14.5, while the Main Market ended at 14.9 times 2020-21 earnings.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and four stocks closing with lower offers.
MPC Caribbean Clean Energy advanced $4 to $165, in transferring 60 units. NCB Financial Group climbed $5 to $145 trading 67,678 shares, Palace Amusement rose $50 to end at $1,250, after swapping 67 units, Proven Investments closed 85 cents higher exchanging 26,185 stock units to end at $33.85. Sagicor Real Estate Fund lost 50 cents trading 24,533 units to finish at $7, Salada Foods gained 96 cents and closed at $29.50, with 398 units changing hands, Scotia Group settled at $46.17, with a loss of 31 cents in exchanging 25,904 stock units. Seprod closed 30 cents lower at $54.50 after transferring 20,808 stock units and Wisynco Group ended with a loss 44 cents trading 184,883 shares at $18.
At the close, the JSE All Jamaican Composite Index gained 414.38 points to 417,054.38, the JSE Market Index advanced 436.71 points to end at 380,124.60 and the JSE Financial Index rose 0.29 points to 99.40. The PE ratio of the market ended at 14.3, while the Main Market ended at 14.6 times 2020-21 earnings.
The only other stock trading over one million units was Wigton Windfarm, with 1.7 million shares.
Eppley added 88 cents with 1,335 units changing hands to end at $17.10. Jamaica Broilers lost 35 cents and closed at $26.10, trading 49,494 stock units, Jamaica Stock Exchange closed 50 cents higher at $22.50, in exchanging 72,566 shares, Key Insurance lost 31 cents to settle at $4.79, after trading 15,000 units. Kingston Wharves closed 94 cents higher at $57.99, in transferring 1,960 units, MPC Caribbean Clean Energy traded 61 units at $161, after picking up $1, NCB Financial Group tumbled $5 to $140, while exchanging 392,848 shares. 138 Student Living fell $1 to $7 after 86,901 stock units changed hands, Palace Amusement climbed $98 to $1,200 trading 96 units, Proven Investments closed $1 lower at $33, in swapping 25,731 units. Salada Foods shed 96 cents to finish at $28.54 in transferring 1,225 units and Scotia Group gains of 68 cents trading 1,306 units and ended at $46.48.
At the close, the JSE All Jamaican Composite Index fell by 663.89 points to 416,640.00, the JSE Market Index was down 753.91 points to 379,687.89 and the JSE Financial Index lost 0.34 points to 99.11.
NCB Financial Group 1 million units, PanJam Investment 1.8 million units, Sagicor Group 1.9 million shares. Sagicor Select Financial Fund ended with 1.1 million units, Scotia Group 1.7 million shares, Supreme Ventures 1.4 million units, Trans Jamaican Highway with 3.1 million shares and Wisynco Group with 1 million units.
Mayberry Investments lost 39 cents trading 308,367 shares to finish at $5.54, Mayberry Jamaican Equities closed 44 cents higher at $9.94 exchanging 18,021 stock units, NCB Financial Group rebounded with gains of $5 to end at $145 after a transfer of 1,000,397 shares. 138 Student Living picked up 78 cents in swapping 61,056 shares and closed at $8, Palace Amusement added $1 to close at $1,102 with an exchange of 82 units, Proven Investments ended with a loss of 50 cents trading 14,504 stock units to settle at $34. Victoria Mutual Investments closed 42 cents lower at $7.53, with 608,186 shares changing hands and Wisynco Group gained 44 cents and ended at $18.44, trading 1,024,455 shares. 138 Student Living traded 650 preference shares and rose 90 cents to end at $5.90.
The average stock trading was 573,890 units at $3,542,999 for each security traded, in contrast to 2,430,656 units valued at an average of $4,524,674 on Friday. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
NCB Financial Group sustained a loss of $8 in transferring 224,350 shares and closed at $140. Palace Amusement picked up $1 to close at $1,101 in an exchange of just nine units, Proven Investments closed at $34.50, with a loss of 45 cents and trading 9,813 units, Sagicor Group finished 50 cents lower at $46, after swapping 142,269 shares. Sagicor Real Estate Fund ended at $7.50, with a loss of 44 cents in exchanging 1,420 units, Salada Foods added 50 cents transferring one stock unit and settled at $29.50. Stanley Motta fell 50 cents to $5, after trading 4,500 shares, Supreme Ventures closed 39 cents higher at $15.19, in an exchange of 103,922 units and Victoria Mutual Investments gains 65 cents and ended at $7.95, with 162,480 shares changing hands.
This week’s focus: 
The rise in the market during the past week did little for IC TOP 10 stocks, resulting in no movement in or out of the TOP 10.
The targeted average PE ratio of the market is 20 based on the profits of companies reporting full year’s results for the financial year ending after the second quarter of 2020 up to the second quarter in 2021. Both the Junior and Main markets are currently trading well below this level. The JSE Main Market ended the week, with an overall PE of 14 and the Junior Market at just 9.6, based on current 2020-21 earnings. The PE ratio for Junior Market Top 10 stocks averages a mere 5.1 at just 53 percent to the average of the overall Junior Market. The Main Market TOP 10 stocks trade at 8.7 or 62 percent of the PE of the overall market.
The average projected gain for the IC TOP 10 stocks is 330 percent, for the Junior Market and 138 percent for the JSE Main Market, based on 2020-21 earnings, an indication that there is greater potential to make greater gains in the Junior Market than in the Main Market.