
JSE main market bullish
The Jamaica Stock Exchange main market indices inched higher at the close on Wednesday, but that disguises the sharp difference between advancing and declining stocks with 5 to 2 advantage.
The market ended, with 35 securities trading in the main and US dollar markets, leading to 20 advancing, 8 declining and 7 trading firm, compared to 36 securities trading on Tuesday.
The All Jamaican Composite Index rallied 199.54 points to 570,190.27, the JSE Index gained 45.67 points to close at 519,142.25 and the JSE Financial Index rose 0.52 points to end at 140.40.
Mayberry Jamaican Equities dominated market activity, leading to 68,265,038 shares valued at $682,669,316 changing hands, in contrast to 30,838,644 units valued at over $177,452,451 crossing the main market on Tuesday.
Mayberry Jamaican Equities traded 40.26 million shares and 60 percent of total volume, Wigton Windfarm followed with 16 million units accounting for 23.4 percent of the day’s trade and Sagicor Select Fund with 8.14 units for 12 percent of the main market’s volume.
Trading closed with an average of 2,007,795 units valued at $20,078,509 for each security traded, in contrast to 907,019 units valued at an average of $5,219,190 for each security traded on Tuesday. The average volume and value for the month to date amounts to 1,117,901 shares valued at $9,281,638 for every security traded, compared to 691,754 units valued at $4,111,306 for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 12 stocks ending with bids higher than their last selling prices and just one with a lower offer.
In the main market activity, Barita Investments climbed $3 to end at $73 with 108,612 stock units trading, Berger Paints gained $1 to settle at $20 after 119,046 shares changed hands, Carreras traded 44,195 shares and rose 35 cents to end at $8.80, Caribbean Cement climbed $3.50 to settle at $83.50 with 12,630 shares changing hands.
Jamaica Broilers lost 50 cents trading 5,280 units in closing at $35.50, Jamaica Stock Exchange dropped $4.80 trading of 379,011 units to close at $23, Kingston Wharves ended trading with 2,160 shares, after rising 80 cents to end at $67.80, NCB Financial jumped $7 to end at $210, in trading 14,748 shares. PanJam Investment gained $1 to end at $101, in exchanging 11,401 shares, Portland JSX added $1 to end at $9 after trading 7,900 shares, Proven Investments climbed 40 cents and exchanged 110 shares at $37, Sagicor Group rose $1.60 to sit at $70.10 after the swapping of 960,753 shares. Salada Foods gained $1.50 to end at $32.50 trading 915 units, Seprod added $1.80 to end at $57.80 with 16,407 stock units changing hands and Scotia Group fell $2 in trading of 44,363 shares to close at $55.50.
Trading in the US securities market resulted in 12,000 units valued US$3,120 changing hands with Proven Investments being the only security trading to close at 26 US cents. The JSE USD Equities Index remained unchanged at 194.45.
The Jamaica Stock Exchange main market continued its downward drift on Tuesday that started at the beginning of last week, with just one day break with gains on Friday, but the market closed with the advancing stocks outnumbering declining ones. 
NCB Financial dropped $8.99 to end at $203 with 256,909 stock units changing hands, PanJam Investment fell $2 in exchanging 27,436 shares at $100. Sagicor Group fell $5 to sit at $68.50 in swapping of 304,379 shares, Salada Foods ended trading with 4,467 shares, and rose $1 to end at $31, Seprod gained 95 cents to end at $56 with 39,056 stock units changing hands. Supreme Ventures exchanged 118,610 units and recovered 28 cents to end at $26, Sygnus Credit Investments exchanged 108,736 shares and added 45 cents, to close at $20.95 and Wisynco Group rose 50 cents with 239,970 shares changing hands, to settle at $24.

Sagicor Group closed with a gain of $2.50 to sit at $73.50 in swapping of 92,243 shares, Sagicor Real Estate Fund ended trading with just 866 shares, and lost 25 cents to end at $11, Seprod lost 95 cents to end at $55.05 with 33,079 stock units changing hands. Supreme Ventures exchanged 37,378 units and fell 28 cents to end at $25.72, Sygnus Credit Investments exchanged 63,546 shares and lost 50 cents, to close at $20.50 and Wisynco Group lost 50 cents with 297,883 shares changing hands, to settle at $23.50.

The PE ratio for Junior Market Top 10 stocks averages 8.4 and the main market PE is now 10.5. These levels, point to big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular as they lag, the values of the main market by a third.
The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
The Jamaica Stock Exchange main market closed higher on Friday, following days of declines earlier in the week as investors pushed prices down for five days ahead moving the majority upon the final trading day of August.
Pulse Investments lost 34 cents to settle at $3.25 while trading 49,885 shares, Radio Jamaica dipped 31 cents in trading of 3,108,588 units to end at $2.07 after trading at a 52 weeks’ high of $2.58, Sagicor Group close with a loss of $2 to sit at $71 in swapping of 66,216 shares. Sagicor Real Estate Fund ended trading with 208,900 shares, after rising 45 cents to end at $ 11.25, Seprod gained $4 to end at $56 with 10,970 stock units changing hands, Scotia Group gained $2.51 to end at $57.50 with 282,997 stock units trading. Supreme Ventures closed trading of 10,229 units and gained 80 cents to end at $26. Victoria Mutual closed with a loss of 31 cents at $7.99 trading 725,900 units at $7.99 and Wisynco Group climbed $1.15 with 291,598 shares changing hands, to settle at $24.
The Jamaica Stock Exchange main market dropped again on Thursday, following declines on Monday and Tuesday with falling stocks being greater than advancing ones.
Sagicor Select Fund was the leading traded stock with 16.3 million shares accounting for 61 percent of total volume, Wigton Windfarm followed with 5.4 million units accounting for 20 percent of the day’s trade and Radio Jamaica with 2 million shares for 8 percent of the main market’s volume.
Sagicor Group added 49 cents to end at $73, in trading 46,860 shares, Sagicor Real Estate Fund lost 70 cents to end at $10.80, in trading 51,105 shares, Sygnus Credit Investments dipped $1.50 to end at $21, trading 67,161 stock units, Seprod gained 62 cents to end at $52, while trading 100,878 shares. Supreme Ventures lost $1.30 to end at $25.20, trading 71,034 shares and Wisynco Group rose 85 cents to settle at $22.85 with 96,697 shares changing hands.
The Jamaica Stock Exchange main market dropped again on Wednesday, following declines on Monday and Tuesday with falling stocks being greater than advancing ones.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than their last selling prices and 5 with lower offers.
Sygnus Credit Investments dipped $1.35 to end at $22.50, trading 69,888 stock units, Seprod lost $1.12 to end at $51.38, while trading 34,364 shares. Scotia Group declined $1 to end at $55, with 46,743 shares changing hands, Supreme Ventures gained 50 cents to end at $26.50, trading 71,034 shares and Wisynco Group dropped $2.50 to settle at $22 with 203,995 shares changing hands.
The Jamaica Stock Exchange main market dropped again on Tuesday, following declines on Monday with falling stocks just edging out advancing stocks, by one. 
NCB Financial declined by $1.99 to settle at $215, in trading of 67,548 units, PanJam Investment lost $2.10 in trading 36,278 shares to end at $103. Portland JSX dipped 50 cents in trading of 15,000 units to settle at $7, Proven Investments gained $2.99 to end at $39.99 trading 2,933 shares. Pulse Investments climbed 34 cents and exchanged 5,604 shares to end at $3.59, Radio Jamaica closed 21 cents higher to close at a 52 weeks’ high of $1.90 with 260,019 stock units trading, Sagicor Real closed trading of 18,700 units and gained 35 cents to end at $11.50. Scotia Group gained $1 to end at $56, trading 17,018 shares, Supreme Ventures fell 95 cents in trading of 75,094 units to settle at $26, Sygnus Credit ended trading with 68,531 shares, after rising 77 cents to end at $23.85 and Wisynco Group closed trading of 268,339 units and gained 65 cents to end at $24.50.
Trading closed with an average 813,687 units valued at $3,571,412 for each security traded. In contrast to 1,752,374 units for an average of $8,208,890 on Friday. The average volume and value for the month to date, amounts to 1,987,289 units valued at $11,420,340 and previously, 2,063,336 units valued $11,963,163. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
PanJam Investment lost 89 cents in trading 36,335 shares to end at $105.10, Portland JSX traded 55,400 shares after falling 40 cents to close at $7.50, Proven Investments dropped $3 with an exchange of 8,268 stock units to land at $37 at the close. Pulse Investments exchanged 121,100 shares with a loss of 27 cents in closing at $ 3.25, Sagicor Group lost 60 cents to close at $73.40 with 106,934 stock units trading, Seprod added 50 cents to settle at $52.50 with 26,356 shares changing hands and Wisynco Group fell 65 cents to end at $23.85, in trading 238,832 shares.
The past week, was a relatively quiet one for the IC Insider.com TOP 10 with far fewer changes than in the prior week with the markets seeming to be in a short-term consolidation phase with the release of the vast majority of the second quarter.


