Stock prices mainly rose on the Jamaica Stock Exchange Main Market at the end of trading on Wednesday, but declines in the heavily weighted Kingston Wharves, NCB Financial and Scotia Group weighted down on the market index resulting in declines for the major indices.
At the close, the All Jamaican Composite Index declined by 1,470.6 points to 411,963.97, the JSE Main Index fell by 1,333.36 points to 375,927.95 and the JSE Financial Index shed 0.65 points to settle at 98.35.
Trading ended with 44 securities changing hands compared to 45 on Tuesday and ended with the prices of 19 stocks rising, 16 declining and nine remaining unchanged. The PE Ratio of the market averages 15.4 based on the ICInsider.com forecast of 2020-21 earnings.
The market closed after an exchange of 101 percent more shares than on Tuesday, with an exchange of 15,544,884 shares for $85,008,558 compared to 7,742,444 units at $353,173,883 on Tuesday. Wigton Windfarm led trading with 42.9 percent of total volume for 6.67 million shares, followed by Transjamaican Highway with 18 percent or 2.81 million units, Sagicor Select Manufacturing & Distribution Fund with 8.6 percent for 1.34 million and 1834 Investments with 7.5 percent of the overall volume after 1.17 million units changed hands.
Trading ended with an average of 353,293 units changing hands at $1,932,013 for each security, in comparison to an average of 172,054 shares at $7,848,309 on Tuesday. The average trade for the month to date ended at 408,707 units at $4,938,590 for each security, in contrast to 411,824 units at $5,107,758. Trading month to date exceeds by a wide margin of September’s average of 265,170 units at $3,271,625.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows eight stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Barita Investments declined by $4.90 to settle at $86 after trading 299,640 shares, Caribbean Cement climbed $3.50 to $57, in exchanging 7,962 units, Eppley gained 30 cents trading 198 units to close at $19.95. First Rock Capital rose 89 cents to end at $12.89, with an exchange of 11,853 units,
Jamaica Broilers finished $1.49 higher to settle at $27.99, in trading 22,005 stock units, Jamaica Stock Exchange gained 50 cents with an exchange of 11,437 units and closed at $18. JMMB Group shed 45 cents to end at $29.05, with 281,974 shares changing hands, Kingston Wharves fell $2.87 to settle at $44.63, after 3,940 units crossed the market, Margaritaville advanced by $5.56 to a 52 weeks’ high of $42.60, in exchanging 64 units. MPC Caribbean Clean Energy declined by $20 to $148, with a transfer of 100 units, NCB Financial lost $1 in closing at $136, with investors swapping 23,951 stock units, Palace Amusement advanced by $339 to $1,489 in an exchange of just 3 units. Sagicor Group climbed $2.50 to $46.50, trading 13,607 shares, Salada Foods fell $1 to $28, in clearing the market with 1,000 units, Scotia Group lost 70 cents to close at $45.30, in trading 97,053 shares, Seprod rose 89 cents to end at $58, after clearing the market with 159,716 shares and Wisynco Group shed 79 cents to settle at $15.61, with 430,772 shares changing hands.
In the preference segment of the Main Market, Eppley 8.25% advanced $1.45 to $8.45 after an exchange of 235 units and Productive Business Solutions 9.75% climbed $1 to close at $102 trading 5,465 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of the market, trading ended with five securities changing hands compared to six on Tuesday and closed with the price of two stocks rising, none declining and three remaining unchanged.
At the close of the market, First Rock Capital Investment rose 0.041 of a cent to settle at 7.42 US cents, with 4,000 units changing hands, Margaritaville closed at 15 US cents after exchanging 580 units. Proven Investments remained at 27.95 US cents after finishing with a transfer of 75,352 shares and Sterling Investments ended at 2.75 US cents, with 146 units crossing the market.
At the close, the All Jamaican Composite Index advanced by 1,747.97 points to 413,434.57, the Main Index climbed 1,741.93 points to 377,261.31 and the JSE Financial Index gained 0.55 points to settle at 99.00.
The average trade for October to date ended at 411,824 units at $5,107,751 for each security, in contrast to 426,464 units at $4,940,417. Trading month to date exceeds by a wide margin, September’s average of 265,170 units at $3,271,625.
Jamaica Stock Exchange shed 49 cents to settle at $17.50, crossing the market with 37,033 stock units, JMMB Group closed at $29.50, with a loss of 50 cents as investors swapped 33,784 stock units. Key Insurance lost 30 cents to close at $8 trading 32,081 stock units. Kingston Properties lost $1.12 to $6.35, exchanging 4,495 units, Kingston Wharves climbed $2.60 to $47.50, after transferring 20 units. MPC Caribbean Clean Energy jumped $23 to $168, in exchanging two units, Palace Amusement dived $339 to end at $1,150, with 15 units changing hands, Pan Jam Investment fell $1 to $65, with investors swapping 47,299 shares. Portland JSX shed 95 cents to settle at $8.05, in trading 9,500 units. Seprod fell $2.89 to $57.11, trading 115,202 shares and Supreme Ventures gained 33 cents to close at $14.99, exchanging 171,217 shares.
The JSE USD Equities Index rose 5.71 points to settle at 201.92, with the PE Ratio of the market averaging 13.6 based on ICInsider.com forecast of 2020-21 earnings.
At the close of the market, First Rock Capital Investment lost 1.99 US cents in closing at 7.01 US cents, with an exchange of 10,000 stock units, Margaritaville remained at 15 US cents trading 64 units, Proven Investments gained 4.44 US cents to settle at 27.95 US cents, after exchanging just 34 units. Sterling Investments gained eight-tenths of a cent and settled at 2.75 US cents, trading 355 units, Sygnus Credit Investments closed at 13.49 US cents, in a transfer of 123 units and Transjamaican Highway slipped 0.01 of a cent to end at 0.98 of a US cent, after 749 stock units crossed the market.
Trading month to date exceeds by a good margin, September’s average of 265,170 units at $3,271,625.
Jamaica Broilers ended $2.50 lower at $25.50, in exchanging 31,557 stock units, Jamaica Producers fell $1 to $19.60, with 306,847 shares crossing the market. Key Insurance gained 80 cents to close at $8.30, in trading 16,450 stock units, Kingston Wharves ended at $44.90, with gains of 30 cents after 3,273 units crossed the exchange, Mayberry Jamaican Equities shed $1.03 to end at $6.57 trading 26,885 stock units. Palace Amusement climbed $9 to $1,489, after clearing the market with just two units, Pan Jam Investment fell $2 to $66, exchanging 12,374 units, Proven Investments picked up 50 cents to close at $38.50, in exchanging 30,419 shares. Sagicor Group dropped $2.40 to end at $44, with 29,914 shares passing through the market, Salada Foods jumped $9 to $29, in an exchange of 120 units, Scotia Group declined by $2.44 to $46, with investors switching ownership of 24,161 stock units and Seprod gained $1.50 to end at $60, after an exchange of 251,138 shares.
At the close, the All Jamaican Composite Index advanced by 738.24 points to 412,694.72. The Main Index rose 489.74 points to 376,431.65 and the JSE Financial Index gained 0.54 points to settle at 99.48.
Trading ended with an average of 1,128,723 units changing hands at $1,601,545 for each security, in comparison to an average of 742,870 shares at $1,384,547 on Thursday. The average trade for the month to date ended at 427,526 units at $5,067,972 for each security,in contrast to 376,667 units at $5,319,395. Trading for the month to date is well above September’s average of 265,170 units at $3,271,625.
Kingston Wharves declined by $3.39 to close at $44.60, with 664 units crossing the exchange, Mayberry Investments shed 58 cents in exchanging 15,208 stock units and closed at $5.42. Mayberry Jamaican Equities ended at $7.60, with gains of $1.10 trading 35,292 shares, MPC Caribbean Clean Energy fell $24 to $145, in an exchange of 96 units, NCB Financial gained 47 cents to settle at $136.50, after the transfer of 19,767 shares. Palace Amusement climbed $10 to $1,480 in trading just one unit, Portland JSX gained 80 cents to close at $9, with 602 stock units crossing the market, Proven Investments lost 62 cents in the exchange of 3,811 units to finish at $38. Sagicor Group closed $2.35 higher at $46.40, with 10,789 stock units changing hands, Salada Foods dropped $6 to $20, trading 5 units, Scotia Group climbed $2.43 to close at $48.44, with an exchange of 1,242 units. Seprod dipped $1.48 to $58.50 in trading 89,547 shares and Sterling Investments gained 47 cents to end at $3.80 in trading 1,000 units.
The average trade for the month to date ended at 376,667 units at $5,319,395 for each security, in contrast to 347,371 units at $5,634,183. Trading month to date is well ahead of September’s average of 265,170 units at $3,271,625.
NCB Financial traded at $136.03, with a loss of 47 cents after 6,827 units passed through the market. Palace Amusement added $20 to close at $1,470 in an exchange of 37 units, Proven Investments settled at $38.62, after losing $1.38 with 14,591 stock units changed hands, Salada Foods gained 90 cents to close at $26, with an exchange of 14,663 stocks. Scotia Group lost 31 cents and ending at $46.01, with 41,370 shares changing hands, Seprod dropped $7 to $59.98, trading 187,632 shares, Sygnus Credit Investments lost 50 cents to close at $18, trading 135,856 units and Wisynco Group gained 60 cents after exchanging 40,127 shares to settle at $16.60.
At the close, the All Jamaican Composite Index gained 35.98 points to 414,887.27, the Main Index rose 193.22 points to 378,479.15, while the JSE Financial Index shed 0.39 points to settle at 99.58.
Trading ended with an average of 529,366 units at $6,859,271 for each security compared to an average of 99,936 shares at $838,249 on Tuesday. The average trade for October to date ended at 347,371 units at $5,634,183 for each security, in contrast to 332,968 units at $5,537,233. Trading month to date is well up on September’s average of 265,170 units at $3,271,625.
Kingston Properties fell $1.25 to $6.25 after finishing with 3,970 stock units changing hands, Mayberry Jamaican Equities shed 40 cents to close at $7.40, in trading 12,734 stock, MPC Caribbean Clean Energy rose $29 to $169 after trading 100 units. NCB Financial Group declined $1.50 in closing at $136.50, with an exchange of 139,361 shares, Palace Amusement lost $39 and closed at $1,450, trading 15 units, Proven Investments dropped $1.25 to end at $40, in an exchange of 9,400 stock units. Sagicor Group fell $1.79 to $44.11 trading 22,550 shares, Scotia Group dropped $2.18 to $46.32, in trading 3,235 units, Seprod climbed $8.48 to a 52 weeks’ closing high of $66.98 after hitting a new high of $70, with investors swapping 149,833 shares after the company reported a big increase in nine months profit and Supreme Ventures lost 38 cents to end at $14.52, in trading 16,842 stock units.
Wigton Windfarm with 18.8 percent or 789,387 units and Carreras with 11 percent market share, for 459,648 units.
Eppley Caribbean Property Fund dipped 67 cents to close at $45 while trading 11,529 stock units. First Rock Capital lost 32 cents to finish at $12.18, with investors exchanging 1,500 units, Grace Kennedy settled at $57.34, with a loss of 41 cents after 48,341 shares crossed the exchange, Kingston Wharves climbed $1.15 to $48, in an exchange of 149 units. NCB Financial rose $1 to $138 and cleared the market with 36,414 shares, Palace Amusement gained $339 to $1,489, with only 2 units passing through the market, Proven Investments ended $1.05 higher at $41.25, in exchanging 15,697 stock units. Seprod lost 50 cents after a transfer of 7,249 stock units to end at $58.50 and Sygnus Credit Investments closed at $18.50 after losing 40 cents with 3,393 units crossing the exchange.
The Investor’s Choice bid-offer indicator reading shows 12 stocks ending with bids higher than their last selling prices and four with lower offers.
Palace Amusement dropped $50 in closing at $1,150, with a transfer of 53 units, Pan Jam Investment fell $1.95 to $68.05 after trading 6,373 stock units. Proven Investments gained $1.60 to end at $40.20 with an exchange of 1,944 stock units, Pulse Investments lost 49 cents in closing at $4.30, after the transfer of 497,426 shares, Sagicor Group rose $1.52 to end at $45.72, with 23,582 stock units changing hands. Scotia Group climbed $2.06 to $48.44, trading 127,877 shares, Seprod settled at $59, with gains of $2.02 with the transfer of 44,146 shares, Stanley Motta gained 35 cents to close at $5, in exchanging 22,854 stock units. Sygnus Credit Investments finished 90 cents higher at $18.90, with 20,338 stock units crossing the market, Victoria Mutual Investments gained 46 cents to settle at $6 after exchanging 169,424 shares and Wisynco Group lost 39 cents to close at $16.11, trading 71,146 stock units.