Trading ended Wednesday with the market major indices dropping after an exchange of 135 percent more shares valued 473 percent greater than on Tuesday and leading to 48 securities changing hands compared to 50 on Tuesday and 21 stocks rising, while 23 declined and four closed unchanged at the close of the Main Market of the Jamaica Stock Exchange.
At the close, the All Jamaican Composite Index plunged 1,490.87 points to 455,894.84, the Main Index dived 1,960.9 points to 416,088.17 and the JSE Financial Index lost 0.68 points to settle at 101.74.
The PE Ratio, a measure that determines appropriate stock values, averages 16.6 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 12,706,408 shares trading for $132,153,212 versus 5,409,606 units at $23,077,314 on Tuesday. Wigton Windfarm led trading with 25.1 percent of total volume for an exchange of 3.19 million shares followed by JMMB Group 16.9 percent, with 2.15 million, Radio Jamaica cornered 16.3 percent for 2.08 million units, Transjamaican Highway controlled 13.5 percent, with 1.71 million units and Sagicor Select Financial Fund 7.9 percent accounted for 1 million units changing hands.
264,717 units at $2,753,192, up from 108,192 shares at $461,546 on Tuesday. Trading month to date averages 164,075 units at $1,523,753, compared to 144,517 units at $1,284,834 on Tuesday. July ended with an average of 322,932 units at $15,201,099.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments fell 41 cents to $82.58 with 25,585 shares crossing the market, Eppley rose $2.17 to $40.45 in exchanging 36 units, Eppley Caribbean Property Fund spiked $3.83 to $45 in trading 5,200 shares. First Rock Capital shed 40 cents to $13.60 after 15,372 stocks crossed the market, GraceKennedy rose 98 cents to $103.98 with an exchange of 7,128 stock units, Guardian Holdings declined $5 to end at a closing low of $625 with 10,619 units clearing the market. Jamaica Broilers lost 40 cents at $36 in swapping 9,095 shares, Jamaica Producers slipped 40 cents to $23.50 in an exchange of 843 stock units, Jamaica Stock Exchange popped 25 cents to $17.35 with the swapping of 9,015 stocks, Kingston Properties fell 30 cents to $9.30 in trading 1,063 units.
Kingston Wharves shed 24 cents to close at $47.76 with an exchange of 6,338 shares, Mayberry Investments spiked $1.50 to end at $7 in exchanging 72,196 units. NCB Financial popped $2.90 to $135.50 with 32,146 stock units changing hands, Palace Amusement dropped $11 to $1,139 with a transfer of two shares. Sagicor Group rallied 81 cents to $56.86 in an exchange of 10,978 stocks, Seprod shed 90 cents to close at $69 with the trading of 8,692 stock units, Supreme Ventures slipped 95 cents to $19, with 81,840 shares clearing the market and Wisynco Group gained 29 cents to close at $15.95 after exchanging 949,997 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close, the All Jamaican Composite Index rose 200.20 points to 457,385.71, the JSE Main Index popped 148.16 points to end at 418,049.14, and the JSE Financial Index shed 0.03 points to 102.42.
Trading averaged 108,192 units at $461,546, compared to 199,394 shares at $1,473,633 on Monday. Trading month to date averages 144,517 units at $1,284,834, in contrast to 153,737 units at $1,493,790 on Monday. July ended with an average of 322,932 units at $15,201,099.
Palace Amusement spiked $116.24 to $1,150 in switching ownership of 2 stock units, Pan Jam Investment rose 95 cents to $64 with an exchange of 700 stocks, Pulse Investments slipped 20 cents to $3.76 in transferring 238,941 shares, Sagicor Group dropped $2.45 to $56.05 with the swapping of 8,209 stock units, Salada Foods fell 25 cents to $7.75 in trading 80,748 shares. Scotia Group advanced $1.90 $41.20 after clearing the market of 4,197 shares, Seprod rose 88 cents to $69.90 in trading 5,876 stock units and Victoria Mutual Investments lost 20 cents to close at $5.80 with 22,233 stocks crossing the market.
Market activity ended on Thursday with the majority of stocks declining, overpowering those that advanced, with the volume of shares traded marginally different than on Wednesday on the Jamaica Stock Exchange Main Market.
Trading averaged 132,356 units at $1,500,551, compared to 137,862 shares at $2,230,311 on Wednesday. Trading month to date averages 138,207 units at $1,500,646, in contrast to 141,133units at $1,500,693 on Wednesday. July ended with an average of 322,932 units at $15,201,099.
NCB Financial shed $1 to $137.50 with an exchange of 34,163 units, Palace Amusement popped $22 to $1,062 after 7 stocks cleared the market, PanJam Investment dipped 95 cents to $63.05 with the swapping of 10,963 stock units. Proven Investments lost 34 cents to settle at $34.95 in switching ownership of 15,264 units, Pulse Investments dipped 26 cents to $3.75 in trading 261,984 stock units, Sagicor Group spiked 95 cents to end at $57.95 after exchanging 224,934 shares. Salada Foods lost 20 cents to close at $7.80 with 9,199 units clearing the market. Scotia Group declined $2.50 to $39.50 in trading 646,232 shares, Seprod fell $1 to $70 after an exchange of 3,401 stock units, Supreme Ventures shed 50 cents in closing at $20 with 76,037 stocks changing hands and Sygnus Credit Investments slipped 52 cents to $14.28 with 75,437 stock units crossing the market.
Proven Investments dominated trading in exchanging the largest block of shares, with just over one million units for 91 percent of the day’s volume, driving the volume traded to a 777 percent increase and the value jumping 942 percent over Wednesday’s level, at the close of the Jamaica Stock Exchange USD market on Thursday.
At the close, First Rock Capital slipped 0.06 of a cent to 7.2 US cents in exchange of 4,024 shares, Proven Investments dropped 0.98 of a cent to 24 US cents with investors swapping ownership of the market topping 1,049,188 shares, Sterling Investments lost 0.08 of a cent to end at 2.07 US cents with 1,633 stock units passing through the market. Sygnus Credit Investments shed 1.3 cents to close at 14 US cents with 200 stocks changing hands, Sygnus Credit Investments fell 1 cent to 12 US cents with 3,143 units traded and Transjamaican Highway gained 0.02 of a cent to end at 0.80 US cents with 100,000 shares crossing the exchange.
Tuesday’s rally was short-lived for the JSE USD market, with the market Index dropping 8.60 points to settle at 185.77 points on Wednesday, into negative territory for the year, after six securities changed hands versus seven on Tuesday and ended, with two stocks rising, one declining and three closing unchanged.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and two with lower offers.
The All Jamaican Composite Index rose 170.16 points to 461,596.19, the JSE Main Index shed 189.24 points to end at 421,657.62 and the JSE Financial Index dipped 0.18 points to 103.56.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and four with lower offers.
Sygnus Credit Investments popped 58 cents to $14.80 after exchanging 63,362 shares but after trading at a 52 weeks’ intraday low of $13.99 and Wisynco Group lost 22 cents to settle at $15.65 with 362,752 stocks crossing the market.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and three with lower offers.
PanJam Investment shed $1 to close at $64 in trading 3,648 stocks, Pulse Investments fell 20 cents to $3.80 with 20,645 shares clearing the market. Sagicor Group shed $2 to settle at $56 with 71,600 stocks changing hands, Scotia Group fell $1 to $41 after crossing the exchange with 9,844 units, Stanley Motta shed 45 cents at $5.30 with a transfer of 38,239 stocks, Supreme Ventures popped 20 cents to $20.20 in trading 27,025 units and Sygnus Credit Investments lost 28 cents to close at $14.22 in switching ownership of 30,162 stocks.
The All Jamaican Composite Index added just 48.11 points to end at 460,076.56, the JSE Main Index shed 405.69 points to finish at 420,886.99 and the JSE Financial Index slipped 0.23 points to 103.72.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and two with lower offers.
Sagicor Group declined $1 to $55 with 57,606 stock units crossing the market, Scotia Group spiked 50 cents to $41.50 with 446 units clearing the market and Supreme Ventures shed 50 cents at $20 in switching ownership of 10,621 stocks.
At the close at trading, the All Jamaican Composite Index bolted 4,368.07 points to 460,028.45, the JSE Main Index climbed 3,966.51 points to end at 421,292.68 and the JSE Financial Index rose 1.49 points to 103.95.
June ended with an average of 249,610 units at $3,877,606.
NCB Financial Group rose 50 cents to $142 with 8,605 stocks clearing the market, Palace Amusement shed $1 to end at $1,020 in transferring 67 units, Scotia Group popped $2.01 to $41 after 325,790 stock units crossed the exchange and Supreme Ventures advanced $1.25 to $20.50, with 708,931 shares changing hands.
Investor’s Choice bid-offer indicator shows 13 stocks ending with bids higher than their last selling prices and five with lower offers.
Proven Investments popped 89 cents to $34.99 with 33,406 units clearing the market, Sagicor Group rose $2.08 to $56 with 20,997 shares crossing the exchange, Scotia Group spiked 29 cents to $38.99, with 58,593 stocks trading. Seprod popped 50 cents to $70.50 in transferring 404,614 units, Sterling Investments shed 20 cents to end at $2.80 with the swapping of 350,000 stock units and Wisynco Group gained 29 cents to finish at $15.99 in switching ownership of 1,714,772 shares.