Stocks trading started out with spirited early movements on Friday taking the market up by 2,978 points at 8 minutes into the trading session to sit just below the mid-March close, but the market slipped thereafter, with All Jamaican Composite Index hanging to 1,524.26 points to settle at 448,121.05, the JSE Main Index rose up by 1,331.40 points at 408,023.02 and the JSE Financial Index climbed 0.47 points to settle at 100.39, with the majority of price movements ending in favour of falling stocks.
Trading ended with 53 securities compared to 45 on Thursday and ended with 13 rising, 22 declining and 18 remaining unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.5.
Trading ended with an exchange of 82 percent more shares valued 77 percent higher than on Thursday as 16,976,414 shares for $141,423,527 compared to 9,318,055 units at $79,985,841 on Thursday. JMMB Group 7.5% preference share led trading with 40.6 percent of total volume for an exchange of 6.88 million shares followed by Wigton Windfarm with 14.8 percent for 2.5 million units, Jamaica Broilers 10.8 percent, with 1.83 million units and Transjamaican Highway with 6.1 percent for 1.04 million units changing hands.
Trading averaged 320,310 units at $2,668,368, compared to an average of 207,068 shares at $1,777,463 on Thursday. Month to date trading averages 234,200 units at $1,772, 561, in contrast to 229,207 units at $1,720,616 on Thursday. March averaged 354,304 units at $2,543,232.
Investor’s Choice bid-offer indicator reading has seven stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Cement fell $1.25 in closing at $88 with 91,088 shares changing hands, Carreras gained 36 cents to end at $9.95 after clearing the market with 257,861 units. Eppley Caribbean Property Fund dipped 26 cents to end at $40.74 with 1,691 stocks crossing the market. First Rock Capital advanced $1.55 to $17.45 in an exchange of 122,961 units, Jamaica Broilers declined $2.50 to $28.50 with the swapping of 1,830,085 shares, Jamaica Producers shed 45 cents to close at $28 after 8,381 stock units crossed the exchange. Jamaica Stock Exchange lost 20 cents to finish at $17.95 in trading 40,396 shares, Key Insurance closed 33 cents lower at $5.61 with 248,172 units changing hands, Kingston Properties rose $1.12 to end at $8.57 in clearing the market with 1,743 stocks. Margaritaville declined $1.10 to settle at a 52 weeks’ low of $21 in the transfer of 15,002 units, Mayberry Jamaican Equities gained 40 cents to close at $7.95 in exchanging 17,902 shares. NCB Financial Group fell $1 to $139 with the swapping of 63,842 units, Palace Amusement dropped $70 to close at $880 in trading 5 shares, Pan Jam Investment shed $1 to end at $64 in switching ownership of 9,466 units.
Proven Investments closed 23 cents lower at $37.77 in an exchange of 6,043 shares, Sagicor Group advanced $2.50 to $52.50 with 139,229 units changing hands. Salada Foods ended 41 cents higher at a 52 weeks’ high of $7.41 in an exchange of 137,535 shares, Stanley Motta shed 50 cents to close at $5.90, with 19,000 stocks crossing the exchange, Supreme Ventures closed 52 cents lower at $17.47 with a transfer of 419,230 shares, Victoria Mutual Investments fell 58 cents to finish at $6.82 in exchanging 233,240 units.
In the preference segment, Productive Business Solutions 9.75% preference share dropped 99 cents to close at $109.51 in switching ownership of 99 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Traded ended with almost twice the number of stocks rising than declining, after 28 percent fewer shares with a 71 percent loss in value traded compared to Wednesday.
Trading averaged 207,068 units at $1,777,463, compared to an average of 249,560 shares at $5,280,650 on Wednesday. Month to date trading averages 229,207 units at $1,720,616, in contrast to 230,354 units at $1,717,673 on Wednesday. March averaged 354,304 units at $2,543,232.
Pulse Investments closed 28 cents higher at $4.36 after 395,700 stock units crossed the exchange, Salada Foods dipped 35 cents to $7 with an exchange of 359,341 units. Scotia Group fell $1 in ending at $42 in the swapping of 36,344 stocks, Supreme Ventures rose $1.04 to close at $17.99 with investors switching ownership of 62,609 shares and Victoria Mutual Investments rose 90 cents to end at $7.40 with 126,599 stock units clearing the market.
Six securities traded, similar to Wednesday, with prices of one rising, four declining and one remaining unchanged, resulting in the JSE USD Equity Index slipping 031 points to end at 211.77.
At the close, First Rock Capital dropped 1 cent in closing at 8 US cents with an exchange of 106,971 shares, Margaritaville ended at 9 US cents in trading 4,000 stocks, Proven Investments fell 0.02 of a cent to close at 26.97 US cents in exchanging 33,753 stock units. Sterling Investments dipped 0.3 of a cent to end at 2 US cents with an exchange of 336,049 shares, Sygnus Credit Investments rose 0.01 of a cent to end at 15 US cents with 7,616 stock units changing hands and Transjamaican Highway dropped 0.04 of a cent to end at 0.91 US cents trading 170,000 stock units.
The All Jamaican Composite Index rose 937.30 points to 444,368.73, the JSE Main Index advanced 882.22 points to 404,765.12 and the JSE Financial Index remained unchanged at 100.37.
Trading averaged 249,560 units at $5,280,650, compared to an average of 209,290 shares at $1,133,757 on Tuesday. Month to date trading averages 230,354 units at $1,717,673, in contrast to 229,131 units at $1,490,898 on Tuesday. March averaged 354,304 units at $2,543,232.
Salada Foods jumped 85 cents ending at a 52 weeks’ high of $7.35 in switching ownership of 50,799 stocks. Seprod dropped $2.48 to end at $80.02 with 13,979 units changing hands, Stanley Motta rose 55 cents in closing at a 52 weeks’ high of $6.40 in transferring 1,008 stocks, Supreme Ventures ended 80 cents higher at $16.95 after trading of 147,975 shares and Sygnus Credit Investments gained 26 cents to close at $15.19 with 28,342 units crossing the market.
The All Jamaican Composite Index rose 267.24 points to 443,431.43, the Main Index gained 235.50 points to 403,882.90, but the JSE Financial Index slipped 0.19 points to settle at 100.37.
Trading averaged 209,290 units at $1,133,757, up from 153,438 shares at $953,283 on Monday. Month to date trading averages 229,131 units at $1,490,898, in contrast to 230,425 units at $1,514,180 on Monday. March averaged 354,304 units at $2,543,232.
Salada Foods shed 43 cents to end at $6.50 with 649,659 shares changing hands after trading at a 52 weeks’ intraday high of $7.43. Scotia Group gained 50 cents to finish at $43 with 6,799 stocks crossing the market and Seprod closed 50 cents higher at $82.50 with the swapping of 63,099 stock units.
The JSE USD Equity Index climbed 4.98 points to end at 218.71. The average PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings ends at 13.2.
At the close, First Rock Capital ended at 9 US cents in exchanging 12,558 shares, Margaritaville closed at 9 US cents, trading 673 shares, Proven Investments advanced 1 cent to close at 27 US cents in trading 126,273 stock units. Sterling Investments fell 0.14 of a cent to close at 2.3 US cents while exchanging 600 units, Sygnus Credit Investments rose 2.9 cents to closed at 14.9 US cents while exchanging 100 units and Transjamaican Highway settled at O.95 of a US cent trading 148,830 stock units.
Trading was halted towards the original close after the trading platform encountered problems, closing market activity until minutes to 3 pm ahead of the close for the day.
Trading averaged 153,438 units at $953,283, down from 272,764 shares at $2,129,432 on Friday. Month to date trading averages 230,425 units at $1,514,180, in contrast to 235,024 units at $1,554,972 on Friday. March averaged 354,304 units at $2,543,232.
Salada Foods gained 43 cents to close at a 52 weeks’ high of $6.93 in the trading of 118,708 stock units. Scotia Group gained 60 cents to end at $42.50 after exchanging 53,675 units, Seprod fell 50 cents to $82 with the swapping of 6,856 stocks and Victoria Mutual Investments gained 52 cents to end at $6.45 with 254,746 stock units changing hands.
A total of 52 securities traded, up from 49 on Thursday, with prices of 22 rising, 19 declining and 11 remaining unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.1.
Investor’s Choice bid-offer indicator reading has five stocks ending with bids higher than the last selling prices and three with lower offers.
Salada Foods picked up 30 cents to end at $6.50, with 174,920 shares changing hands, Scotia Group closed 34 cents higher at $41.90 after exchanging 27,609 stock units and Seprod fell 30 cents to $82.50 with 12,264 stock units changing hands.
At the close, First Rock Capital shed half a cent to close at 8.5 US cents in an exchange of 7,800 units, Margaritaville ended at 9 US cents after exchanging 16,795 stocks, Proven Investments ended at 26 US cents trading 15,991 stock units. Sterling Investments increased 0.43 of a cent to end at 2.44 US cents while exchanging 89 shares, Sygnus Credit Investments ended at 14 US cents after 491,204 shares changed hands and Transjamaican Highway fell 0.05 of a cent in closing at 0.9 US cents trading 550,000 shares.
Trading averaged 161,250 units at $1,642,104, compared to an average of 169,965 shares at $947,558 on Wednesday. Month to date trading averages 232,142 units at $1,509,917, in contrast to 238,879 units at $1,499,367 on Wednesday. March averaged 354,304 units at $2,543,232.
Sagicor Group gained 50 cents to close at $50.50 in trading 8,039 shares, Salada Foods picked up 25 cents to settle at a 52 weeks’ high of $6.20 with the swapping of 96,977 stock units and Seprod declined $1.19 to $82.80 in switching ownership of 22,436 shares.