Market activity resulted in more stocks declining than rising at the end of trading on the Jamaica Stock Exchange Main Market on Wednesday after an exchange of 149 percent more shares than on Tuesday and the value surging by 196 percent.
At the close, the All Jamaican Composite Index dropped 2,513.76 points to 426,220.03, the Main Index lost 2,243.25 points to settle at 389,023.37 and the JSE Financial Index lost 0.58 points to close at 101.34.
Trading ended with 45 securities changing hands compared to 43 on Tuesday and closed with the prices of 14 stocks rising, 16 declining and 15 remaining unchanged. The average PE Ratio ended at 16.8 based on ICInsider.com’s forecast of 2020-21 earnings.
Investors exchanged 18,734,982 shares for $302,910,320 compared to 7,525,461 units at $102,351,143 on Tuesday. Mayberry Jamaican Equities led trading with 53.4 percent of total volume, after an exchange of 10 million shares followed by Grace Kennedy with 16.7 percent for 3.14 million units, Transjamaican Highway with 5.6 percent for 1.05 million units and QWI Investments with 5.6 percent for 1.05 million units changing hands.
Trading for the day averaged 416,333 units at $6,731,340 for each security, compared to an average of 175,011 shares at $2,380,259 on Tuesday. Month to date averaged 312,683 units at $4,031,460 for each security, in contrast to 302,986 units at $3,778,872 to Tuesday. November averaged 623,120 units at $6,686,047.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of the market, Grace Kennedy advanced by $2 to $65, with 3,135,643 shares changing hands, Jamaica Broilers gained 49 cents to end at $28.49 after exchanging 14,383 stock units, Jamaica Stock Exchange fell by $1.23 to $18.76, in trading 24,100 units. JMMB Group closed at $33, with a loss of $1.50 in exchanging 13,511 shares, Kingston Properties rose 40 cents to $7.25, after crossing the exchange with a mere 27 units, NCB Financial dropped $4.85 to $140.14, with investors switching ownership of 19,286 stocks. 
Pan Jam Investment settled at $66, after losing $1.99 after transferring 1,056 units, Seprod closed $1 higher at $67, with 4,452 stock units changing hands and Sygnus Credit Investments rose 38 cents to $16.58 trading 133,911 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The JSE USD equity index climbed 7.35 points to 194.18, while the average PE Ratio ended at 13.7 based on ICInsider.com’s forecast of 2020-21 earnings.
At the close of the market, First Rock Capital Investment gained half of a cent to close at 9 US cents in exchanging 5,730 shares, Margaritaville remained at 11 US cents, with the trading of 282 units, Proven Investments held firm at 25.99 US cents after an exchange of 4,314 stock units. Sterling Investments lost 0.02 of a cent to end at 2.38 US cents, with investors swapping 2,924 units, Sygnus Credit Investments closed at 16 US cents in trading 9,000 stock units and Transjamaican Highway ended at 0.95 of a US cent, after exchanging 6,700 shares.
At the close, the All Jamaican Composite Index climbed 2,008.23 points to 428,733.79, the Main Index advanced 1,833.71 points to 391,266.62 and the JSE Financial Index rose 0.41 points to 101.92.
Month to date trade averaged 302,986 units at $3,778,872, in contrast to 315,550 units at $3,916,179 on Monday. November averaged 623,120 units at $6,686,047.
Pulse Investments gained 35 cents to end at $4.71, with 255,000 shares changing hands, Sagicor Group rose $1.49 to $48.50, trading 32,896 stock units, Sterling Investments gained 39 cents to settle at $3.05, in an exchange of 314,500 shares. Supreme Ventures finished at $18, with gains of 50 cents and 78,024 shares crossing the exchange, Sygnus Credit Investments gained 31 cents to end at $16.20, after 67,770 shares cleared the market.
Similar to trading on Monday, five securities changed hands on Tuesday and ended with the prices of four stocks rising, none declining and one remaining unchanged.
At the close of the market, MPC Caribbean Clean Energy ended at US$1.15 trading 359 shares, Proven Investments gained 1.99 US cents to end at 25.99 US cents, with an exchange of 13,131 stock units, Sterling Investments gained 0.4 of a cent to end at 2.4 US cents, in transferring 20,000 shares. Sygnus Credit Investments increased by 1.99 cents to 16 US cents, with 1,112 units crossing the market and Transjamaican Highway carved out a gain of 0.01 of a cent to close at 0.95 of a US cent, with investors switching ownership of 110,000 shares.
At the close, the All Jamaican Composite Index lost 3,170.34 points to 426,725.56, the Main Index shed 2,802.34 points to 389,432.91 and the JSE Financial Index lost 0.79 points to settle at 101.51.
Trading for the day averaged 164,753 units at $1,129,937 for each security, compared to an average of 515,078 shares at $2,484,699 on Friday. Month to date trade averaged 315,550 units at $3,916,179, compared to 331,966 units at $4,219,492 on Friday. November averaged 623,120 units at $6,686,047.
Kingston Wharves fell $1.35 to $145.01, with 16,798 units crossing the exchange, 138 Student Living gained 43 cents to settle at $4.75, in exchanging 26,196 stock units, Palace Amusement dropped $200 to $1,100, in transferring 8 units. Pan Jam Investment dropped $4 to close at $62 after 5,631 units crossed the exchange, Pulse Investments shed 37 cents to $4.36 in trading 422,959 shares, Scotia Group fell $1.50 to $45 in an exchange of 25,605 stock units and Wisynco Group shed 33 cents to end at $16.10, with 78.736 shares crossing the exchange.
At the close, the All Jamaican Composite Index rose 1,581.20 points to 429,895.90, the Main Index advanced 1,446.63 points to 392,235.25 and the JSE Financial Index gained 0.10 points to settle at 102.30.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and seven with lower offers.
Scotia Group advanced by $5.09 to $46.50 after 6,231 stock units passed through the market, Seprod gained $2 to settle at $66, with an exchange of 10,394 stock units, Sterling Investments lost 34 cents to close at $2.56, as investors switched ownership of 1,076 units and Sygnus Credit Investments fell $1.16 to $15.94, with 429,283 shares changing hands.
At the close of the market, First Rock Capital Investment lost 0.2 of a cent to 8.8 US cents trading 3,000 shares, Proven Investments gained 0.11 of a cent to close at 25.98 US cents in exchanging 8,769 stock units and Transjamaican Highway shed 0.10 of a cent to close at 0.8 US cents, with 140,000 shares changing hands.
Trading for the day averaged 112,844 units at $992,173 for each security, compared to an average of 95,691 shares at $922,175 on Wednesday. The average month to date trade is 309,597 units at $4,431,412 for each security, in contrast to 339,174 units at $4,948,422 on Wednesday. November averaged 623,120 units at $6,686,047.
138 Student Living gained 34 cents to end at $4.65, with 1,101 units trading, Palace Amusement dropped $100 in closing at $1,200, with 5 units passing through the market, Pan Jam Investment gained 39 cents to end at $64.39, with an exchange of 8,413 units. Sagicor Group fell by $2.49 to $47.01, with 32,983 shares crossing the exchange, Salada Foods shed 99 cents to close at $26.02 trading 500 units and Scotia Group declined by $2.59 to close at $41.41, in transferring 171,015 shares after the Group reported lower full-year profit than in 2019.
Investor’s Choice bid-offer indicator reading for the market shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, the All Jamaican Composite Index climbed 1,991.05 points to 429,520.28, the Main Index advanced by 1,803.16 points to 391,895.69 and the JSE Financial Index gained 0.90 points to settle at 102.67.
The average month to date trade is 380,065 units at $5,624,586 , in contrast to 327,822 units at $6,556,598. November averaged 623,120 units at $6,686,047.
Palace Amusement declined by $105 to $1,300 after trading 12 units, Pan Jam Investment advanced $6 to $68, with 19,919 stock units crossing the exchange, Portland JSX fell by $2 to $7, in exchanging 6,606 shares. Sagicor Group rose $2.98 to $49.50 after owners switched 8,268 units, Sagicor Real Estate Fund shed $1.48 to settle at $6.01 trading 22,100 stock units, Salada Foods ended at $27.01, with a loss of $1.97 exchanging 200 shares. Scotia Group declined $4.37 to $43.12, in clearing the market with 19,042 stock units, Supreme Ventures gained 40 cents to settle at $18, with 55,133 shares crossing the market and Sygnus Credit Investments closed 57 cents higher at $16.57, in exchanging 28,814 stock units.
