Trading volume slumped sharply on the Jamaica Stock Exchange Main Market on Tuesday with an exchange of 87 percent fewer shares than on Friday, after the value declined by 74 percent.
At the close, the All Jamaican Composite Index advanced by 600.10 points to 414,851.29, the Main Index rose 487 points to 378,285.93 and the JSE Financial Index gained 0.02 points to settle at 99.97.
Trading ended with 42 securities, similar to Friday and closed with the prices of 17 stocks rising, 16 declining and nine remaining unchanged. The average PE Ratio of the market ended at 15.4 based on the ICInsider.com forecast of 2020-21 earnings.
The market closed with an exchange of just 4,197,312 shares for a mere $35,206,443 compared to 31,504,153 units at $135,860,726 on Friday. Pulse Investments led trading with 25.8 percent of total volume amounting to 1.08 million shares, followed by 
Wigton Windfarm with 18.8 percent or 789,387 units and Carreras with 11 percent market share, for 459,648 units.
Trading ended with an average of 99,936 units changing hands at $838,249 for each security, compared to an average of 750,099 shares at $3,234,779 on Friday. The average trade for the month to date ended at 332,969 units at $5,537,233 for each security, in contrast to 352,010 units at $5,921,197. Trading month to date compares well to September’s average of 265,170 units at 3,271,625.
At the end of trading, the Investor’s Choice bid-offer indicator reading shows eight stocks ending with bids higher than their last selling prices and one with lower offers.
At the close of the market, Caribbean Cement declined by $3.29 to settle at $45.01 after trading 993 units, Eppley shed $1.31 in ending at $18, with 1,609 units passing through the market, 
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.
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 six securities changing hands compared to four on Friday and closed with the prices of three stocks rising, one declining and two remaining unchanged.
At the close, First Rock Capital Investment added four-tenths of a cent to close at 8.9 US of cents, with investors swapping 1,204 stock units, Margaritaville gained 1 US cent in closing at 15 US cents, after an exchange of 125 units, Proven Investments was unchanged at 27 US cents trading 9,679 shares and Sygnus Credit Investments lost 1 US cent to end at 13.5 US cents, with a transfer of 1,016 units.
The market closed with 13 securities trading, up from twelve on Monday and closed with one stock advancing, three declining and nine remaining unchanged. Trading resulted in 34,476 shares changing hands for $642,275 compared to 57,704 shares valued $1,530,562 on Monday.
JMMB Group ended 4 cents lower at $1.75 after exchanging 1,190 units and Scotiabank lost 10 cents to finish at $55, in transferring 1,732 shares.
Trading closed with an exchange of 16 percent fewer shares, with the value of stocks changing hands dropping 37 percent compared to Friday. The market ended with twelve securities trading, down from ten on Friday, and closed with four stocks advancing, three declining and five remaining unchanged. Trading resulted in an exchange of 57,704 shares for $1,530,562 compared to 68,422 shares valued $2,428,494 on Friday.
Stocks declining|Trinidad and Tobago NGL shed 5 cents and closed at $14.95, in the trading of 7,353 stock units, Trinidad Cement ended 5 cents lower at $2 in an exchange of 25 units and Unilever Caribbean lost 17 cents to close at $16.80 with 300 shares changing hands.
The top three stocks in each market saw no change in ranking, leaving the top three Junior Market stocks with the potential to gain between 293 to 705 percent by March 2021. Caribbean Producers heads the list, followed by Lasco Financial and Elite Diagnostic. The focus on all three is on the 2021 fiscal year profit, projected to recover from reduced profit for the 2020 financial year. With expected gains of 151 to 245 percent, the top three Main Market stocks are Berger Paints, followed by JMMB Group and
The Junior and Main markets are currently trading well below this level, indicating the potential gains ahead. The JSE Main Market ended the week, with an overall PE of 15.8 and the Junior Market 11.6, based on ICInsider.com’s projected 2020-21 earnings. The average PE ratio of the Junior Market has been slowly rising, with better profit opportunities than the Main Market and narrowing the gap. The PE ratio for the Junior Market Top 10 stocks average a mere 5.7 at just 49 percent to the Junior Market average. The Main Market TOP 10 stocks trade at a PE of 8.5 or 54 percent of the PE of that market.
IC TOP 10 stocks are likely to deliver the best returns up to March 2021 and ranked in order of potential gains, based on likely gain for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in the selection process in and out of the lists for most weeks. Revisions to earnings per share are ongoing, based on receipt of new information.
The Investor’s Choice bid-offer indicator reading for the market shows six stocks ending with bids higher than their last selling prices and four with lower offers after one stock ended at a 52 weeks’ low.
Indies Pharma fell 23 cents to end at $2.66 with 16,033 shares changing hands, ISP Finance jumped $5.95 to finish at $25.95 with investors switching ownership of 8,022 shares, Jamaican Teas lost 13 cents to settle at $4.86 with 123,392 stock units traded. Jetcon Corporation lost 7 cents to close at 80 cents with 92,849 shares passing through the market, Knutsford Express fell 10 cents to end at $6.75 with an exchange of 1,780 stocks, following the release of results showing a loss in the first quarter, Lasco Distributors slipped 2 cents to $3.15 with 632 units changing hands. Lasco Financial increased 3 cents to $2.08 with investors transferring 258 stock units, Lasco Manufacturing declined by 13 cents to settle at $3.45 with 2,000 stocks passing through the market, Limners and Bards advanced 7 cents to close at $2.67 with an exchange of 35,992 units. Mailpac Group advanced 3 cents, trading 351,137 units to end at $1.98, Main Event dropped 15 cents to finish at $3.25 with 710 stocks changing hands, Medical Disposables shed $1.23 to settle at $3.51 with investors switching ownership of 13,330 units. Stationery and Office Supplies climbed 68 cents to close at $5.55 with 14,100 stock units traded and Tropical Battery rose 1 cent to finish at $1.17 with 379,495 shares crossing the exchange.
At the close of the market, trading ended with four securities changing hands compared to two on Thursday and ended with the prices of two stocks rising, one declining and one remaining unchanged.
At the close of the market, First Rock Capital Investment gained 1.29 US cents to close at 8.5 US cents, after trading 14,011 stock units, Margaritaville remained at 14 US cents trading 3,500 units. Proven Investments gained 1 US cent to close at 27 US cents in a transfer of 45,510 shares and Transjamaican Highway slipped by 0.02 of a cent and closed at 0.83 of a US cent, with 631,965 shares changing hands.
The All Jamaican Composite Index jumped 5,779.51 points to 414,251.19 and the Main Index climbed 5,231.07 points to 377,798.93, while the JSE Financial Index rose 1.33 points to settle at 99.95.
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.
The market has lost nearly 10 percent in value for October to date, with daily declines except for miniscule rises on October 7th and 13th.
Stocks rising│ Calypso Macro Index Fund, the sole stock to advance, closed at $13.95, with gains of 20 cents trading 1,000 shares.
Trading ended with an average of 284,232 units changing hands at $8,605,092 for each traded security compared to an average of 761,427 shares at $40,258,610 on Wednesday. The average trade for the month to date ended at 316,587 units at $6,160,243 for each security, in contrast to 319,665 units at $5,927,670. Trading month to date compares well to September’s average of 265,170 units at $3,271,625.
First Rock Capital ended 30 cents higher at $12.80, in transferring 7,155 units, Jamaica Broilers Group declined by $2.10 to settle at $25.10, with investors swapping 7,974 units, Jamaica Producers rose 80 cents to end at $20, with 25,763 stock units crossing the exchange. Key Insurance shed 80 cents in closing at $8.80, trading 31,534 shares, Kingston Wharves gained 43 cents to finish at $45, in transferring 276 units, NCB Financial climbed $1.50 to settle at $137, with 40,366 shares changing hands. Proven Investments fell $1.55 to end at $38.60 trading 923 units, Sagicor Group declined $1.52 to settle at $44.20, with 23,010 stock units crossing the exchange, Seprod closed 98 cents higher to $56.98 after 43,168 shares passed through the market. Supreme Ventures ended with gains of 67 cents as investors switched ownership of 11,609 stock units, Sygnus Credit Investments shed $1 to end at $18, in exchanging 9,992 units, Victoria Mutual Investments lost 65 cents to settle at $5.54, with 33,186 stock units changing hands and Wisynco Group gained 49 cents to end at $16.50 trading 13,586 stock units.
