The Jamaica Stock Exchange Main Market ended trading on Wednesday with the market declining after more stocks fell than rose as investors exchanged 51 percent fewer shares than on Tuesday.
At the close, the All Jamaican Composite Index fell by 1,979.75 points to 425,569.16, the Main Index dropped 1,835.84 points to 388,248.59 and the JSE Financial Index dipped 0.54 points to 98.79.
Trading ended with 47 active securities, up from 45 on Tuesday and closed with prices of 16 stocks rising, 18 declining and 13 closing unchanged. The PE Ratio closed with an average of 16.7 based on ICInsider.com forecast of 2020-21 earnings.
The market closed with trading of 9,831,136 shares for $72,026,838 compared to 19,931,036 units at $67,469,926 on Tuesday. Wigton Windfarm led trading with 22 percent of total volume, after exchanging 2.16 million shares followed by Pulse Investments with 18.9 percent for 1.86 million units. QWI Investments ended with 14.7 percent for 1.45 million units after trading at an intraday 52 weeks’ high of 99 cents and Transjamaican Highway with 11.8 percent of the day’s trade for 1.16 million units.
Trading for the day averaged 209,173 units at $1,532,486, compared to 442,912 shares at $1,499,332 on Tuesday.
The month to date averaged 498,459 units at $2,982,324 or each security, in contrast to 649,530 units at $3,739,461 on the prior trading day. Trading in January averaged 311,275 units at $1,432, 133.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Eppley shed 63 cents to end at $22.12, in exchanging 1,337 shares, First Rock Capital gained 51 cents to close at $13.21, with 24,949 units crossing the exchange, Grace Kennedy slipped 31 cents to $74.60 trading 116,636 shares, having traded at an intraday 52 weeks’ high of $77.47. Jamaica Broilers fell by $4 to $26, with 892,635 stock units changing hands, Jamaica Producers gained 40 cents to close at $20, with 1,285 stocks crossing the market, Jamaica Stock Exchange advanced by $1.80 to $19, in switching ownership of 22,367 stock units. JMMB Group fell $1.60 to $32, with an exchange of 116,860 units, Kingston Wharves rose $1.20 to $46.50, in trading 3,234 shares, Mayberry Jamaican Equities advanced by $1.08 to $7.50, in exchanging 72,000 stock units. MPC Caribbean Clean Energy finished $8 lower at $137 trading 12 shares, NCB Financial Group rose $1 to $137, with 7,146 shares changing hands, Palace Amusement dropped $200 to end at 52 weeks’ low of $850, after an exchange of 24 shares.
Pan Jam Investment fell by $1 to $64, in switching ownership of 821 units, Pulse Investments lost 28 cents at $4.70, with an exchange of 1,857,207 stock units, Sagicor Group declined by $3 to $49, with 61,577 shares crossing the market. Sagicor Real Estate Fund gained 25 cents to close at $8.25, with a transfer of 3,826 stocks. Salada Foods advanced by $5.75 to end at a 52 weeks’ high of $42.75, in switching ownership of 17,465 units. Seprod climbed $2.98 to $73.50, with an exchange of 9,932 units, Stanley Motta gained 29 cents to end at $5.35 trading 1,000 shares and Wisynco Group rose 30 cents to $16.55, with the swapping of 521,881 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close, the All Jamaican Composite Index jumped 4,248.43 points to 427,548.91 the Main Index climbed 3,864.20 points to 390,084.43 and the JSE Financial Index rose 0.84 points to settle at 99.33.
Trading for the day averaged 442,912 units at $1,499,332 for each security, down from 856,148 shares at $5,979,591 on Monday. The month to date averaged 649,530 units at $3,739,461. Trading in January averaged 311,275 units at $1,432,133.
Pulse Investments picked up 38 cents to end at $4.98, after an exchange of 3,233,145 shares, Salada Foods fell $1 to $37, with 48,187 shares changing hands, Scotia Group gained 78 cents to close at $43.78 in trading 7,334 stock units. Seprod jumped $6.52 to a record closing high of $70.52 after 3,980 shares crossed the market after trading at a record high of $83.99 earlier in the trading session and Supreme Ventures ended 30 cents lower at $16.70, in transferring 13,037 stocks.
Trading ended with 45 securities changing hands compared to 44 on Friday and closed with rising stocks outnumbered declining ones by 62 percent leaving prices of 12 stocks rising, 28 declining and five remaining unchanged. Ciboney traded at a 52 weeks’ high of 26 cents and Palace Amusement fell to a 52 weeks’ low of $950.
Trading for the day averaged 856,148 units at $5,979,591 for each security, compared to an average of 272,282 shares at $4,886,953 on Friday. Trading in January with an average of 311,275 units at $1,432,133.
Salada Foods rose $1 to close at $38, in exchanging 42,886 stock units, Scotia Group shed 79 cents to finish at $43, with 24,748 shares changing hands. Seprod gained 50 cents to settle at $64 after 6,678 stock units crossed the market, Supreme Ventures lost 49 cents to end at $17 trading 38,797 shares and Sygnus Credit Investments slipped 30 cents to $15.70, after transferring 85,391 shares.
At the close, the All Jamaican Composite Index climbed 3,030.64 points to 422,427.29, the Main Index advanced by 2,742.58 points to 385,379.33 and the JSE Financial Index gained 0.83 points to settle at 98.76.
Trading for the day averaged 234,212 units at $2,081,070 for each security, compared to an average of 135,516 shares at $991,633 on Wednesday. The month to date averaged 313,511 units at $1,254,396, in contrast to 317,481 units at $1,213,011 on Wednesday. Trading in December averaged 455,206 units at $7,774,631.
Salada Foods rose $1 to end at $34, with 130,075 shares changing hands, Scotia Group gained 50 cents to end at $43 trading 47,495 stock units and Wisynco Group rose 50 cents to $16.50, with an exchange of 190,585 stocks.
At the close, the All Jamaican Composite Index shed 8.73 points to settle at 419,396.65, the Main Index slipped 12.43 points to 382,636.75 and the JSE Financial Index lost 0.37 points to settle at 97.93.
Transjamaican Highway led trading with 41 percent of total volume for 2.45 million shares followed by Sagicor Select Financial Fund with 22.7 percent for 1.35 million units and Wigton Windfarm with 9 percent market share, with 533,829 units changing hands.
Pan Jam Investment advanced by $2 to $68, with 4,690 stocks changing hands, Scotia Group declined $1.50 to end at $42.50 trading 28,644 shares. Supreme Ventures rose 34 cents to close at $17.25 and finishing with an exchange of 31,430 stock units and Sygnus Credit Investments ended 30 cents higher at $16.40, after crossing the market with 10,730 stocks.
Trading averaged 252,025 units at $1,384,475 for each security, compared to an average of 683,391 shares at $1,732,445 on Monday. The month to date averaged 328,085 units at $1,225,912, in contrast to 333,020 units at $1,215,624 on Monday. Trading in December averaged 455,206 units at $7,774,631.
Sagicor Group rose 85 cents to $47.50, with 156,219 units crossing the market, Sagicor Real Estate Fund gained 70 cents to close at $8.95 trading 500 stocks, Salada Foods fell $3 to $33, with 966 stock units changing hands. Scotia Group fell 50 cents to $44 after the transferring of 20,375 units and Sygnus Credit Investments closed at $16.10, with a loss of $1.80 136,520 stock units changing hands.
Trading in December averaged 455,206 units at $7,774,631.
Sagicor Real Estate Fund shed 70 cents to settle at $8.25 trading 4,399 stock units, Salada Foods rose $1 to close at $36, in an exchange of 84 shares, Supreme Ventures shed 65 cents to $16.80, with 15,186 stocks crossing the market. Sygnus Credit Investments slipped 49 cents to $17.90 after transferring 18,380 stock units and Wisynco Group lost 33 cents in closing at $16 trading 84,310 shares.
Sagicor Real Estate Fund advanced by 70 cents to close at $8.95, in clearing the market with 193 units, Salada Foods rose 99 cents to $35 while exchanging 300 stock units and Scotia Group finished 60 cents higher at $44.60, with 75,000 shares changing hands.
Trading averaged 612,451 units at $1,184,975, versus 235,221 shares at $2,649,800 on Wednesday. Trading month to date averaged 310,349 units at $1,157,230, in contrast to 288,359 units at $1,155,210 on Wednesday. Trading in December averaged 455,206 units at $7,774,631.
Proven Investments finished 40 cents higher at $36.90, in an exchange of 5,239 stock units, Sagicor Real Estate Fund shed 70 cents in closing at $8.25, in clearing the market with 2,042 shares, Scotia Group slipped 30 cents to $44 while exchanging 7,718 stocks. Stanley Motta gained 39 cents to settle at $5.45, in trading 296 stock units, Supreme Ventures rose 50 cents to close at $17.50, with the swapping of 50,071 shares and Sygnus Credit Investments advanced by 99 cents to $18.39, with 5,816 units changing hands.
Proven Investments climbed 1.14 cents to end at 26.99 US cents after exchanging 23,059 stock units, Sygnus Credit Investments closed at 15 US cents with 28,859 units crossing the market. Transjamaican Highway carved out a gain of 0.01 of a cent in ending at 0.86 US cents, with 100,000 stock units changing hands.