Market activity ended on Wednesday with the volume of shares trading inching higher than Tuesday and leading to a mild rise of the Jamaica Stock Exchange Main Market at the close.
The All Jamaican Composite Index rose 1,026.18 points to 445,055.15, the JSE Main Index rose 582.88 points to 403,071.17 and the JSE Financial Index gained 0.73 points to end at 98.15.
A total of 49 securities traded compared to 47 on Tuesday, with 20 rising, 20 declining and nine ending unchanged. The PE Ratio, a measure used in computing appropriate stock values, averages 15.8. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasted by ICInsider.com for companies with financial years ending between the current year and August 2022.
Trading ended with 8,132,722 shares changing hands for $85,190,963 versus 7,552,797 units at $94,059,701 on Tuesday. Wigton Windfarm led trading with 25.7 percent of total volume with a transfer of 2.09 million shares, followed by Mayberry Investments with 13.6 percent for 1.11 million units and Carreras 11.9 percent after an exchange of 968,112 units.
Trading averages 165,974 shares at $1,738,591 versus 160,698 shares at $2,001,270 on Tuesday and month to date, an average of 282,402 units at $2,374,994 compared to 340,028 units at $2,689,981 on Tuesday. October averaged 251,350 units at $2,773,208.
Investor’s Choice bid-offer indicator shows 14 stocks ended with bids higher than their last selling prices and none with lower offers.
At the close, Barita Investments rallied 51 cents to close at $94.50 with the swapping of 4,575 shares, Caribbean Cement advanced $3.99 to $107.90 after clearing the market of 1,997 stocks, Carreras gained 49 cents in closing at $7.99 after exchanging 968,112 units. Eppley rose 50 cents to $37.50 after switching ownership of 852 stock units, Eppley Caribbean Property Fund dropped $5.40 to end at $37.50 in trading 230 stocks, First Rock Capital spiked 41 cents to $12.30, with an exchange of 20,065 shares. GraceKennedy advanced $1.93 to $99.94 in switching ownership of 37,165 units, Guardian Holdings dropped $29.90 to $520 in transferring 129 stock units, Jamaica Broilers rose 70 cents to $28.70 after exchanging 39,741 shares. Jamaica Producers popped $1.75 to $23.75 with 36,398 stock units crossing the market, Jamaica Stock Exchange fell $1.04 to $17.06 in trading 549 stocks, JMMB Group rallied 49 cents in closing at $37.50 after exchanging 79,021 units. Kingston Wharves fell $2.50 to $44.50 with a transfer of 2,649 stocks, Margaritaville shed 45 cents to close at $14.40 in switching ownership of 1,490 stock units, Mayberry Investments popped 50 cents to end at $7 in an exchange of 1,106,140 shares.
NCB Financial climbed $4.39 to $130.89 with the swapping of 378,991 stocks, Proven Investments advanced $1.34 to close at $32.55 in trading 4,644 units, Sagicor Group increased $3 to $56 with 9,039 shares changing hands. Scotia Group popped 69 cents to end at $36.49 after 10,433 units crossed the market, Supreme Ventures fell 50 cents to $17.50 in trading 36,986 stock units, Victoria Mutual Investments lost 52 cents in closing at $5.75 after exchanging 147,743 units and Wisynco Group dipped 35 cents to $15.80 with 92,947 stocks clearing the market.
In the preference segment, Eppley 7.50% preference shares fell $1.10 to close at $6.50 in an exchange of 853 shares and Productive Business Solutions 9.75% preference shares rose $1 to $81 in trading 239 stock units. In the corporate bond segment, Guardian Holdings 2027 7% traded 3,000,000 units and gained 33 cents to close at $104.24, Jamaica Broilers 6.75% had an exchange of 2,500,000 units but fell 13 cents to $102.52 and Seprod 6.75% ended with trading in 8,500,000, with the price rising $1.24 to $101.24.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Market activity plunged on Tuesday, with the volume of shares trading declining 71 percent, with the value dipping 45 percent lower than on Monday, at the close of the Jamaica Stock Exchange Main Market. Trading ended, with rising stocks were just edged out by those declining, but the market closed with a strong bullish signal for Wednesday, as shown by the Investor’s Choice bid-offer indicator below.
Investor’s Choice bid-offer indicator shows 17 stocks ending with bids higher than their last selling prices and two with lower offers.
Seprod picked up 25 cents to finish at $63.95 with 7,044 stocks crossing the market, Supreme Ventures popped 25 cents to $18 with 10,361 stock units changing hands, Victoria Mutual Investments rose 60 cents to $6.27 in trading 72,519 shares and Wisynco Group lost 30 cents to settle at $16.15 after an exchange of 49,323 units.
Trading ended with 52 securities compared to 47 on Friday, with 23 rising, 20 declining and nine ending unchanged. The All Jamaican Composite Index slid 1,513.58 points to settle at 446,185.80, the Main Index fell 1,121.73 points to 402,843.29 and the JSE Financial Index lost 0.30 points to end at 97.43.
Investor’s Choice bid-offer indicator shows 12 stocks ending with bids higher than their last selling prices and three with lower offers.
Palace Amusement dropped $60 to $955 in switching ownership of 8 stocks, PanJam Investment popped 50 cents to close at $65 with the swapping of 14,469 shares, Portland JSX lost 50 cents to settle at $7.50 after 1,045 stock units crossed the exchange. Proven Investments dipped 34 cents to close at $33.01 after transferring 84,505 units after hitting a 52 weeks’ intraday low of $30, Sagicor Group declined $4.25 in closing at $53.75 trading 9,821 stocks, Scotia Group gained 50 cents to settle at $36 in trading 14,076 stock units. Seprod fell 25 cents to $63.70, with 3,633 stocks clearing the market, Stanley Motta rose 92 cents to end at $5.84 with 16,403 shares changing hands and Sygnus Real Estate Finance lost 25 cents to close at $18 in exchanging 1,000 units.
The All Jamaican Composite Index advanced 1,839.59 points to settle at 447,699.38, down nearly 8,992 points for the month, the Main Index rose 570.62 points to 403,965.02, down 10,924.94 points for the month and the JSE Financial Index fell 0.57 points to end at 97.73.
Investor’s Choice bid-offer indicator shows 16 stocks ending with bids higher than their last selling prices and one with a lower offer.
NCB Financial fell $4.85 to $125.15 after exchanging 11,556 shares, PanJam Investment rose 75 cents to $64.50 in trading 13,075 stocks, Radio Jamaica gained 48 cents to end at $3.79 with the swapping of 338,676 stock units. Sagicor Group advanced $4.01 in closing at $58 in switching ownership of 649,260 units, Sygnus Credit Investments shed 49 cents to $17.80 in trading 215,266 stock units and Wisynco Group spiked 64 cents to $16.50 after 83,769 units crossed the market.
The All Jamaican Composite Index dropped 3,915.38 points to 445,859.79, the Main Index fell 3,726.12 points to 403,394.40 and the JSE Financial Index advanced 0.03 points to end at 98.30.
Trading averages 301,075 units at $3,006,624 compared to 178,968 shares at $3,858,800 on Wednesday and month to date, an average of 231,162 units at $2,651,067, compared to 227,446 units at $2,632,171 on Wednesday. September closed with an average of 335,669 units at $7,507,404.
NCB Financial fell $1 to $130 with 321,890 stock units crossing the market, Palace Amusement rallied $60 to end at $1,015 with 77 stocks changing hands, PanJam Investment shed 65 cents to $63.75 with the swapping of 35,348 units. Radio Jamaica shed 49 cents ending at $3.31 with 2,248,574 shares crossing the market, Sagicor Group advanced $1.02 to $53.99 in switching ownership of 221,382 stocks, Scotia Group gained 35 cents to close at $35.35 with a transfer of 56,125 units. Sygnus Real Estate Finance spiked 25 cents in closing at $18.30 with an exchange of 3,767 shares and Wisynco Group fell $1.64 to end at $15.86 with 107,458 stock units clearing the market.
The All Jamaican Composite Index surged 3,908.17 points to 449,775.17, the JSE Main Index rallied 3,592.95 points to end at 407,120.52 and the JSE Financial Index added 0.58 points to close the day at 98.27.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and four with lower offers.
Sagicor Group advanced $1.57 to end at $52.97 in exchanging 30,077 shares, Seprod gained 29 cents to settle at $63.99 in trading 10,054 stocks, Stanley Motta rose 30 cents to $5.25 after crossing the exchange with 7,000 stock units. Supreme Ventures lost 26 cents to end at $17.54, with 12,230 stock units changing hands and Wisynco Group fell $1.29 to $17.50 in exchanging 23,257 shares.
dropped 871.55 points to 445,867.00, the JSE Main Index advanced 276.58 points to 403,527.57 and the JSE Financial Index added 0.25 points to 97.69.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and two with lower offers.
Proven Investments fell 45 cents to $33.02 after exchanging 931 stocks. Sagicor Group declined $1.57 to $51.40 with 2,912 units clearing the market, Scotia Group dipped 40 cents to $35.10 in exchanging 137,921 shares, Stanley Motta shed 95 cents to end at $4.95 after trading 500,000 stock units and Wisynco Group advanced $3.04 to end at 52 weeks’ high of $18.79 with the swapping of 619,145 shares.
The All Jamaican Composite Index slipped 82.69 points to close at 443,617.32, the JSE Main Index dived 2,627.64 points to 400,578.43 and the JSE Financial Index lost 0.94 points to end at 96.51.
Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and none with lower offers.
PanJam Investment rose 75 cents in closing at $64, with 11,021 units crossing the exchange, Portland JSX declined $2.70 to $7.50 in trading 5,400 stock units, Sagicor Group shed 97 cents in ending at $52 after an exchange of 48,753 stocks. Sagicor Real Estate Fund lost 50 cents to close at $8 with the swapping of 20,200 shares, Seprod advanced $2.60 to $63.50 with a transfer of 4,291 stocks, Stanley Motta rallied 60 cents to $5.90 with the swapping of 8,215 stock units. Sterling Investments gained 20 cents to close at $3 in switching ownership of 18,739 units.
Trading averages 212,990 units at $1,606,341, compared to 204,141 shares at $1,111,397 on Wednesday and month to date, an average of 235,838 units at $2,648,677, compared to 237,543 units at $2,726,463 on Wednesday. September closed with an average of 335,669 units at $7,507,404.
PanJam Investment gained 75 cents to close at $63.25 with 10,917 stocks crossing the market, Pulse Investments lost 27 cents after ending at $4 in an exchange of 47,950 units, Seprod declined $3.08 to $60.90 after 9,342 shares cleared the market and Sterling Investments lost 20 cents to settle at $2.80 with 160,000 stock units crossing the market.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and two with lower offers.
Stanley Motta lost 39 cents in closing at $5.31 with an exchange of 62,150 stock units, Sygnus Credit Investments gained 48 cents to close at $18.48 in switching ownership of 132,157 shares and Sygnus Real Estate Finance lost 40 cents ending at $18 with 821 units changing hands.