Market activity ended on Wednesday with the volume of shares trading surging 122 percent higher than on Tuesday with a moderate increase in value at the close of the Jamaica Stock Exchange Main Market as rising stocks equalled those declining.
The All Jamaican Composite Index slipped 128.09 points to443,762.67, the JSE Main Index fell 269.20 points to 402,403.83 and the JSE Financial Index lost 0.16 points to end at 96.93.
Similar to Tuesday, 53 securities traded, with 20 stocks each rising and declining and 13 ending unchanged. The PE Ratio, a measure used in computing appropriate stock values, averages 15.8. The PE ratio of each stock, shown in the chart below, is based on earnings forecasted by ICInsider.com for companies whose financial year ends up to April 2022.
Trading garnered 10,819,493 shares for $58,904,046 versus 4,884,545 units at $52,813,077 on Tuesday. An average of 204,141 shares traded for $1,111,397, compared to 92,161 shares at $996,473 on Tuesday and month to date, an average of 237,543 units at $2,726,463, compared to 240,412 units at $2,865,196 on Tuesday. September closed with an average of 335,669 units at $7,507,404.
Sagicor Select Financial Fund led trading with 26 percent of total volume in exchanging 2.82 million shares followed by Wigton Windfarm with 19.7 percent for 2.13 million units, Ciboney Group controlled 9.8 percent with 1.06 million units and Transjamaican Highway 9.4 percent after 1.01 million units changed hands.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments fell 49 cents to close at $94.99 with the swapping of 15,274 stocks, Eppley declined $2.01 to $35 in transferring 700 stock units. Eppley Caribbean Property Fund popped $5.33 to $42 in trading 300 units, Guardian Holdings spiked $15 to $540 after 2,060 stocks crossed the market, Jamaica Broilers shed 95 cents to close at $30 in switching ownership of 119,277 stock units. JMMB Group rallied 40 cents to $38 in trading 422,371 units, Kingston Wharves fell $1.65 to $43.35 with 42,459 shares clearing the market, NCB Financial gained 30 cents to $125.80 with 14,205 shares changing hands. 138 Student Living dipped 53 cents in closing at $4.55 in exchanging 68 shares, PanJam Investment fell 75 cents to $62.50 in trading 15,462 units, Portland JSX rose $1.26 to $10.20 with the swapping of 10,141 stock units, Scotia Group advanced $2.48 to $35.50 in transferring 37,120 stocks. 
Stanley Motta lost 39 cents in closing at $5.31 with an exchange of 62,150 stock units, Sygnus Credit Investments gained 48 cents to close at $18.48 in switching ownership of 132,157 shares and Sygnus Real Estate Finance lost 40 cents ending at $18 with 821 units changing hands.
In the preference segment, Eppley 7.50% preference share rose 50 cents to close at $7.50 with a transfer of 87 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Five securities changed hands comedown from nine on Tuesday with prices of two stocks rising and three declining.
First Rock Capital USD fell 0.35 of a cent to end at 6.65 US cents with 8,230 shares passing through the market, Proven Investments lost 0.01 of a cent to settle at 23.1 US cents with 81,610 units traded, Sygnus Credit Investments USD share dipped 2 cents to 11 US cents with a transfer of 85,021 stock units and Transjamaican Highway rose 0.14 of a cent to finish at 0.95 US cents with 944 stocks crossing the exchange.
Nine securities traded, compared to seven on Friday, with prices of three rising, four declining and two ending unchanged.
MPC Caribbean Clean Energy ended at US$1 with 38 stocks changing hands. Proven Investments dropped 1.6 cents to end at 23.11 US cents with 67,914 stock units passing through the market, Sygnus Credit Investments USD share shed 0.45 of a cent to settle at 13.45 US cents with a transfer of 25,100 shares, Sygnus Real Estate Finance USD share advanced 0.5 of a cent to 14.5 US cents with 1 unit traded and Transjamaican Highway declined by 0.16 of a cent to close at 0.81 of a US cent, with 852,781 stock unit crossing the exchange.
Investor’s Choice bid-offer indicator shows 15 stocks ending with bids higher than their last selling prices and five with lower offers.
Sagicor Real Estate Fund popped 40 cents to end at $8.40 in switching ownership of 357 stocks, Scotia Group declined $3.63, ending at a 52 weeks’ low of $33.02 in trading 148,478 stocks, making it an interesting stock to watch and Seprod gained 55 cents to close at $63.80 in a transfer of 11,013 stock units.
Caribbean Cream half year’s results saw a modest 5 percent increase in sales in the second quarter, well below the first quarter increase of 28 percent, but cost rose above that of 2020, leaving a small profit of $7 million for the August quarter. The company’s management attributed the performance primarily to the no-movement days in operation during the quarter that curtailed sales. Knutsford Express returned to profit in the quarter of $9.2 million, from a loss in 2020 for the August quarter on improved revenues of $233 million from $122 million in 2020 but well off the $325 million in 2019. Paramount Trading had marginal movement in revenues for the August quarter of $369 million from $362 million in 2020, with a profit of $19 million versus $15 million in 2020.
The 80/20 rule of trading stocks should be ever present as the long 40 year history of the local market shows that only two out of each of the top ten stocks in a year repeat in the following while 4 out of 10 of the worst performing stocks end up as winners in the succeeding year. The lesson is that many of the top stocks for 2021 will not make it in 2022.
The top three Main Market stocks are 
The average gains projected for the TOP 10 Junior Market stocks moved from 210 percent to 200 percent and Main Market stocks from 170 percent to 173 percent.
ICTOP10 is not intended to select the best stocks in the market but ones that are most likely to be the largest winners within a fifteen month period. ICInsider.com ranks stocks to highlight the winners from the rest, allowing investors to focus on potential winners, helping to remove emotional attachments to stocks that often result in costly mistakes.
Trading ended with seven securities changing hands, compared to eight on Thursday, with three rising, three declining and one ending unchanged.
First Rock Capital US share dropped 0.28 of a cent in closing at 6.65 US cents after exchanging 23,089 shares, Proven Investments popped 1.61 cents to end at 24.71 US cents after trading at 39,822 stocks, Sterling Investments remained at 2.09 US cents while exchanging 22 units. Sygnus Credit Investments US share lost 0.012 of a cent to close at 13.45 US cents with 100 stock units changing hands and Transjamaican Highway rallied 0.14 of a cent to 0.97 of a US cent with 1,069,998 stocks crossing the exchange.
The All Jamaican Composite Index advanced 507.43 points to settle at 445,850.64, the JSE Main Index shed 707.68 points to 403,998.83 and the JSE Financial Index rose 0.02 points to end at 98.03.
September closed with an average of 335,669 units at $7,507,404.
Proven Investments gained 38 cents after ending at $33.48, with 3,710 units crossing the market, Sagicor Group advanced $1.97 to $53 with an exchange of 111,784 shares, Sagicor Real Estate Fund lost 50 cents to settle at $8 in trading 15,450 stock units. Scotia Group popped 55 cents to $36.65 with 75,005 stocks crossing the market, Seprod advanced $1.25 in closing at $63.25 with a transfer of 48,064 stock units, Sygnus Credit Investments gained 63 cents to end at $17.80 with 281,612 units changing hands and Sygnus Real Estate Finance gained 40 cents to close at $18.40 in switching ownership of 98 stock units.
Productive Business Solutions fell half of a cent to finish at 73.5 US cents with an exchange of 400 stock units. Proven Investments dropped 1.5 cents to close at 23.1 US cents with investors swapping 3,931 stocks, Sterling Investments remained at 2.09 US cents with 19,000 shares passing through the market, Sygnus Credit Investments USD share remained unchanged at 13.47 US cents, with 846 units traded and Transjamaican Highway declined by 0.07 of a cent to close at 0.83 US cents with 200,000 stock units crossing the exchange.
The All Jamaican Composite Index advanced 304.56 points to 445,343.21, the JSE Main Index popped 571.83 points to 404,706.51 and the JSE Financial Index rose 0.41 points to end at 98.01.
Trading averages 132,408 units at $854,799, down from 346,507 shares at $1,779,698 on Wednesday and month to date, an average of 239,708 units at $3,047,095, compared to 251,039 units at $3,278,609 on Wednesday. September closed with an average of 335,669 units at $7,507,404.
NCB Financial gained 50 cents to close at $126 in switching ownership of 36,740 shares, PanJam Investment shed 90 cents ending at $63.50 with 336 units crossing the market, Pulse Investments dipped 49 cents to end at $4.11 after crossing the market with 816,668 stock units. Sagicor Group declined $2.96 in closing at $51.03 with 43,264 units changing hands, Seprod advanced $4.20 to $62 in trading 32,062 shares and Sygnus Real Estate Finance rallied 50 cents to close at $18 with a transfer of 1,914 stocks.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than the last selling prices and one with a bid lower offer.
