The Main Market of the Jamaica Stock Exchange lost more grounds on Wednesday as trading levels fell and declining stocks overpowered advancing ones more than 2 to 1 as the prices of 26 companies fell.
At the close, the JSE All Jamaican Composite Index declined by 2,583.02 points to 412,781.30, the JSE Market Index dropped 2,341.78 points to 376,397.69 and the JSE Financial Index was down 1.36 points to 97.68. The PE ratio of the market ended at 14.6, while the Main Market ended at 14.9 times 2020-21 earnings.
The market closed with 43 securities changing hands in the Main and US dollar markets with prices of 12 stocks advancing, 26 declining and five securities traded firm. The JSE Main Market activity ended with 39 securities accounting for 7,513,787 units for $85,083,138, in contrast to 9,471,871 units valued at $108,990,432 from 39 securities on Tuesday.
Wigton Windfarm led trading with 2.1 million shares for 28 percent of total volume followed by Wisynco Group with 1.5 million units for 20 percent of the day’s trade and Trans Jamaican Highway with 1 million units for 13.5 percent market share.
The average security trading on Thursday amounted to 192,661 units at $2,181,619, in contrast to 242,868 units at an average of $2,794,626 on Tuesday. The average stocks trading stood at 405,183 units for the month to date at $5,483,471 for each, compared to 429,778 units with an average value of $5,919,987 on Tuesday. 
Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows fourteen stocks ending with bids higher than their last selling prices and four stocks closing with lower offers.
In the Main Market, Barita Investments fell 35 cents to $49.95, in exchanging 1,417 units, Berger Paints lost $1.41 to end at $12, with 20,501 stock units changing hands, Caribbean Cement declined by $1.97 to $49 transferring 17,343 stock units. Eppley traded 40 cents lower to settle at $16.50, after swapping 142 units, First Rock Capital shed 80 cents exchanging 6,048 units and closed at $15.20, Jamaica Broilers ended at $26.50, with a loss of 49 cents in transferring 264,925 shares. Jamaica Stock Exchange climbed $1.43 to $23.93, with an exchange of 439 units, NCB Financial Group ended $4.75 lower at $140, with 202,699 shares crossing the market,
138 Student Living closed at $6.01, after losing 59 cents trading 25,884 stock units. Palace Amusement gained $199 in swapping two stock units and closed at $1,900, Pan Jam Investment ended at $74.95, with gains of 95 cents after transferring 4,919 units, Proven Investments declined by $3.35 to end at $33.65, in exchanging 1,726 units. Sagicor Group added $1.50 to end at $46, with 64,238 stock units changing hands, Scotia Group shed 76 cents to finish at $47.19, after trading 52,931 stock units, Seprod fell by $1.19 to $53.60, in transferring 15,839 units and Sygnus Credit Investments ended the day at $16.80, with a loss of 64 cents in exchanging 12,826 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of trading, the JSE All Jamaican Composite Index fell by 558.44 points to 415,364.32, the JSE Market Index shed 505.53 points to 378,739.47 and the JSE Financial Index gained 0.03 points to end at 99.04. The PE ratio of the market ended at 14.8, while the Main Market ended at 15.1 times 2020-21 earnings.
The average security trading on Thursday amounted to 242,868 units valued at $2,794,626, in contrast to 408,628 units valued at an average of $7,102,646 on Monday. The average volume and value for the month to date amount to 429,778 units valued at $5,919,987 for each security changing hands, compared to 454,239 units with an average value of $6,396,116. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
Mayberry Investments lost 40 cents to close at $5.50, with the transfer of 127,000 shares, NCB Financial Group advanced by $4.75 to $144.75, with 152,989 stock units changing hands, Palace Amusement ended $499 lower at $1,701 with 48 units crossing the exchange. Proven Investments added $1.60 trading 57,251 stock units and closed at $37, Sagicor Group gained 50 cents to end at $44.50, in transferring 19,054 units, Salada Foods dived $3.01 after exchanging 3,463 stock units to settle at $26. Scotia Group closed $1.87 higher at $47.95, with 712,104 shares crossing the market, Seprod advanced $1.23 to $54.79, with 124,459 shares changing hands and Supreme Ventures ended at $15.50, after gaining 54 cents in trading 85,516 stock units.
At the close, the JSE All Jamaican Composite Index gained 708.47 points to 417,762.85, the JSE Market Index advanced by 727.80 points to 380,852.40 and the JSE Financial Index rose 0.39 points to 99.79. The PE ratio of the market ended at 14.5, while the Main Market ended at 14.9 times 2020-21 earnings.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and four stocks closing with lower offers.
MPC Caribbean Clean Energy advanced $4 to $165, in transferring 60 units. NCB Financial Group climbed $5 to $145 trading 67,678 shares, Palace Amusement rose $50 to end at $1,250, after swapping 67 units, Proven Investments closed 85 cents higher exchanging 26,185 stock units to end at $33.85. Sagicor Real Estate Fund lost 50 cents trading 24,533 units to finish at $7, Salada Foods gained 96 cents and closed at $29.50, with 398 units changing hands, Scotia Group settled at $46.17, with a loss of 31 cents in exchanging 25,904 stock units. Seprod closed 30 cents lower at $54.50 after transferring 20,808 stock units and Wisynco Group ended with a loss 44 cents trading 184,883 shares at $18.
Market activity resulted in five securities changing hands, compared to three on Tuesday. The market closed with the prices of one stock advancing, two declining and one remaining unchanged. Trading ended with 359,890 shares with a value of US$61,624 changing hands, in contrast to 649,264 shares with a value of US$121,654 from the trading of four securities on Tuesday.
At the close, the JSE All Jamaican Composite Index fell by 663.89 points to 416,640.00, the JSE Market Index was down 753.91 points to 379,687.89 and the JSE Financial Index lost 0.34 points to 99.11.
NCB Financial Group 1 million units, PanJam Investment 1.8 million units, Sagicor Group 1.9 million shares. Sagicor Select Financial Fund ended with 1.1 million units, Scotia Group 1.7 million shares, Supreme Ventures 1.4 million units, Trans Jamaican Highway with 3.1 million shares and Wisynco Group with 1 million units.
Mayberry Investments lost 39 cents trading 308,367 shares to finish at $5.54, Mayberry Jamaican Equities closed 44 cents higher at $9.94 exchanging 18,021 stock units, NCB Financial Group rebounded with gains of $5 to end at $145 after a transfer of 1,000,397 shares. 138 Student Living picked up 78 cents in swapping 61,056 shares and closed at $8, Palace Amusement added $1 to close at $1,102 with an exchange of 82 units, Proven Investments ended with a loss of 50 cents trading 14,504 stock units to settle at $34. Victoria Mutual Investments closed 42 cents lower at $7.53, with 608,186 shares changing hands and Wisynco Group gained 44 cents and ended at $18.44, trading 1,024,455 shares. 138 Student Living traded 650 preference shares and rose 90 cents to end at $5.90.
The average stock trading was 573,890 units at $3,542,999 for each security traded, in contrast to 2,430,656 units valued at an average of $4,524,674 on Friday. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
NCB Financial Group sustained a loss of $8 in transferring 224,350 shares and closed at $140. Palace Amusement picked up $1 to close at $1,101 in an exchange of just nine units, Proven Investments closed at $34.50, with a loss of 45 cents and trading 9,813 units, Sagicor Group finished 50 cents lower at $46, after swapping 142,269 shares. Sagicor Real Estate Fund ended at $7.50, with a loss of 44 cents in exchanging 1,420 units, Salada Foods added 50 cents transferring one stock unit and settled at $29.50. Stanley Motta fell 50 cents to $5, after trading 4,500 shares, Supreme Ventures closed 39 cents higher at $15.19, in an exchange of 103,922 units and Victoria Mutual Investments gains 65 cents and ended at $7.95, with 162,480 shares changing hands.
At the close, the JSE All Jamaican Composite Index climbed 4,018.59 points to 420,847.85, the JSE Market Index advanced 3,762.78 points to 383,649.98 and the JSE Financial Index gained 1.12 points to 100.80. The PE ratio of the market ended at 14.5, while the Main Market ended at 14.8 times 2020-21 earnings.
The average trade for the day was 2,430,656 units at $4,524,674 for each security traded, in contrast to 537,645 units at an average of $4,192,993 on Thursday. The average volume and value for the month to date ended at 475,543 units at $3,077,280 for each security changing hands, compared to 369,670 units with an average of $2,994,834. Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
Jamaica Stock Exchange gained $1.57 and ended at $22.57, exchanging 105,212 shares, Kingston Properties dropped $1.50 to finish at $4.80, after swapping 40,000 stock units, Kingston Wharves climbed $2.99 to $57.99 transferring 9,590 units. Mayberry Investments lost 40 cents to end at $5.60 trading 14,908 units, Palace Amusement shed another $100 to close at $1,100, in an exchange of 83 units, Salada Foods gained 50 cents swapping 191,208 shares and closed at $29. Scotia Group advanced by $1 to $46, with 17,902 stock units changing hands, Stanley Motta picked up 80 cents to settle at $5.50, after transferring 31,500 stock units, Supreme Ventures gained 30 cents exchanging 40,864 stock units and closed at $14.80 and Sygnus Credit Investments ended trading at $17.32, after rising 36 cents and swapping 7,512 units.
Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
Mayberry Jamaican Equities picked up 60 cents to end at $10, with a transfer of 3,252 units, MPC Caribbean Clean Energy declined by $19 trading 511 units and closed at $151. NCB Financial Group advanced $8 to $148, with 494,118 shares changing hands, 138 Student Living closed 75 cents lower at $7, after swapping 88,036 stock units, Palace Amusement clawed back $200 to advance to $1,300, after trading 88 units. Proven Investments climbed $2 to finish at $36.50, with 11,045 units crossing the exchange, Sagicor Group traded 39,346 stock units at $45, after gaining 40 cents, Scotia Group advanced by $3 to $47, in transferring 155,397 shares. Seprod climbed $2 to $53 exchanging 19,307 units and Wisynco Group ended the day’s trade 32 cents lower at $17.58, in swapping 38,239 stock units.
Market activity ended with prices of two stocks closing up, two falling and three remained unchanged. Investors exchanged 57,581 shares for US$12,255, in contrast to 29,646 units valued at US$6,434, from the trading of just two securities on Thursday.
The average volume and value for the month to date amount to 348,777 units valued at $2,908,729 for each security changing hands, compared to 354,034 units with an average value of $2,919,802. Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
Mayberry Investments lost 40 cents to close at $5.60 with 30,485 stock units changing hands, Mayberry Jamaican Equities exchanged 27,317 stock units after shedding 60 cents to end at $9.40, and is trading at an 11.5 percent premium to the Net Asset Value as of May 18, of J$8.15. Palace Amusement closed $200 lower to $1,100, in trading 81 units, Proven Investments lost 50 cents to settle at $34.50 in swapping 2,417 units, Salada Foods declined to $26, with a loss of $2 after transferring 9,397 units. Scotia Group closed at $44, after losing $1 and exchanging 5,173 units and Sygnus Credit Investments ended the day 90 cents higher at $16, with 4,069 units changing hands.