Wednesday’s nearly 4,000 points gain recorded by the Jamaica Stock Exchange Main Market were wiped out in Thursday’s trading, helped by an unexpected fall in Caribbean Cement third quarter profit, resulting in reduced revenues and a significant drop in profits from $1.44 in the September 2020 quarter to just 5 cents per share this year, leading to a decline in the stock price to a low of $100 and an average of $102.65 and knocking around 3,400 points off the market indices.
The All Jamaican Composite Index dropped 3,915.38 points to 445,859.79, the Main Index fell 3,726.12 points to 403,394.40 and the JSE Financial Index advanced 0.03 points to end at 98.30.
At the close of the market, the volume of shares trading rose 65 percent above Wednesday outcome, but the value was lower by 24 percent as 14,752,654 shares changed hands for $147,324,583 compared to 8,948,387 units at $192,939,993 on Wednesday.
Wigton Windfarm led trading with 18.3 percent of total volume for an exchange of 2.70 million shares, followed by Radio Jamaica with 15.2 percent for 2.25 million units. 1834 Investments was next with 11.5 percent after an exchange of 1.69 million units, Ciboney Group contributed 7.5 percent, with 1.11 million units and Transjamaican Highway held 7 percent after trading 1.04 million units.
Trading ended with 49 securities compared to 50 on Wednesday, with 13 rising, 23 declining and 13 ending unchanged.
The PE Ratio, a measure used in computing appropriate stock values, averages 15.2. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasted by ICInsider.com for companies with financial years ending between the current year and August 2022.
Trading averages 301,075 units at $3,006,624 compared to 178,968 shares at $3,858,800 on Wednesday and month to date, an average of 231,162 units at $2,651,067, compared to 227,446 units at $2,632,171 on Wednesday. September closed with an average of 335,669 units at $7,507,404.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and none with lower offers.
At the close, Berger Paints shed 83 cents to close at $14 with the swapping of 220,460 shares, Caribbean Cement declined $3 in closing at $112 in trading 223,557 stock units, after trading most of the shares in the $100 region, Eppley Caribbean Property Fund fell $3.50 to a 52 weeks’ close of $36.50 with 14,060 stocks changing hands. First Rock Capital popped 55 cents to end at $12.40 in switching ownership of 10,637 units, Guardian Holdings dropped $28 to $520 after trading 4,229 shares, Jamaica Broilers lost 50 cents to close at $29.50 with 3,639 stock units crossing the exchange. Jamaica Producers advanced $1.89 to $23.99 with 106,774 units clearing the market, Jamaica Stock Exchange rose 90 cents to $17.50 in transferring 22,770 stocks, JMMB Group lost 50 cents ending at $37.50 in an exchange of 311,546 shares. Kingston Wharves advanced $4 to $47.50 in switching ownership of 5,520 stocks. Mayberry Investments shed 50 cents to close at $5.50 with an exchange of 16,460 stock units, Mayberry Jamaican Equities dipped 49 cents to $8.57 in trading 525,079 units.
NCB Financial fell $1 to $130 with 321,890 stock units crossing the market, Palace Amusement rallied $60 to end at $1,015 with 77 stocks changing hands, PanJam Investment shed 65 cents to $63.75 with the swapping of 35,348 units. Radio Jamaica shed 49 cents ending at $3.31 with 2,248,574 shares crossing the market, Sagicor Group advanced $1.02 to $53.99 in switching ownership of 221,382 stocks, Scotia Group gained 35 cents to close at $35.35 with a transfer of 56,125 units. Sygnus Real Estate Finance spiked 25 cents in closing at $18.30 with an exchange of 3,767 shares and Wisynco Group fell $1.64 to end at $15.86 with 107,458 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Nine securities traded, up from six on Wednesday, with stocks rising, declining and unchanged, sharing three each.
Margaritaville advanced 0.45 of a cent to 9.45 US cents with 5,550 stock units changing hands, MPC Caribbean Clean Energy rallied 20 cents to finish at US$1.20 with a transfer of 500 stocks. Productive Business Solutions fell 18 cents to 74 US cents with 5,503 units traded, Proven Investments gained 0.89 of a cent to close at 23 US cents with 39,836 shares passing through the market, Sterling Investments settled at 2.09 US cents with investors switching ownership of 200 units. Sygnus Real Estate Finance USD remained at 16 US cents with a transfer of 2,000 stock units and Transjamaican Highway lost 0.07 of a cent to close at 0.87 of a US cent with 2,519 shares crossing the exchange.
The All Jamaican Composite Index surged 3,908.17 points to 449,775.17, the JSE Main Index rallied 3,592.95 points to end at 407,120.52 and the JSE Financial Index added 0.58 points to close the day at 98.27.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and four with lower offers.
Sagicor Group advanced $1.57 to end at $52.97 in exchanging 30,077 shares, Seprod gained 29 cents to settle at $63.99 in trading 10,054 stocks, Stanley Motta rose 30 cents to $5.25 after crossing the exchange with 7,000 stock units. Supreme Ventures lost 26 cents to end at $17.54, with 12,230 stock units changing hands and Wisynco Group fell $1.29 to $17.50 in exchanging 23,257 shares.
Trading ended with six securities changing hands, the same number as on Tuesday, with prices of one rising, one declining and four ending unchanged.
At the close, Proven Investments rallied 0.01 of a cent to end at 22.11 US cents with an exchange of 217 shares, Sterling Investments remained at 2.09 US cents with 100 stocks changing hands, Sygnus Credit Investments USD share settled at 12 US cents with 15,300 units traded. Sygnus Real Estate Finance USD share closed at 16 US cents with a transfer of 3,430 stock units and Transjamaican Highway dropped 0.01 of a cent to finish at 0.94 US cents with one stock crossing the exchange.
Trading ended with six securities changing hands, compared to nine on Monday, with prices of one rising, three declining and two ending unchanged.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than their last selling prices and two stocks with lower offers.
dropped 871.55 points to 445,867.00, the JSE Main Index advanced 276.58 points to 403,527.57 and the JSE Financial Index added 0.25 points to 97.69.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and two with lower offers.
Proven Investments fell 45 cents to $33.02 after exchanging 931 stocks. Sagicor Group declined $1.57 to $51.40 with 2,912 units clearing the market, Scotia Group dipped 40 cents to $35.10 in exchanging 137,921 shares, Stanley Motta shed 95 cents to end at $4.95 after trading 500,000 stock units and Wisynco Group advanced $3.04 to end at 52 weeks’ high of $18.79 with the swapping of 619,145 shares.
The All Jamaican Composite Index spiked 3,121.23 points to 446,738.55, the Main Index climbed 2,672.56 points to close at 403,250.99 and the JSE Financial Index gained 0.93 points to end at 97.44.
Trading averages 154,477 units at $2,156,124, compared to 185,973 shares at $1,921,279 on Friday and month to date, an average of 228,041 units at $2,573,940 compared to 232,419 units at $2,598,803 on Friday. September closed with an average of 335,669 units at $7,507,404.
Sagicor Group rose 97 cents to $52.97 with 50,333 units crossing the exchange, Sagicor Real Estate Fund gained 50 cents to $8.50 in switching ownership of 2,542 shares, Seprod picked up 20 cents at $63.70 in an exchange of 10,581 stock units and Sygnus Credit Investments fell 25 cents to $18.40 after 143,800 stocks crossed the market.
Trading ended with nine securities changing hands, compared to eight on Friday, with four rising, two declining and three ending unchanged.
Margaritaville fell 0.4 of a cent to 9 US cents with 17,350 stocks passing through the market, MPC Caribbean Clean Energy remained at US$1 with the 25 stock units changing hands. Proven Investments settled at 23 US cents with 3,612 units traded, Credit Investments USD share advanced 0.34 of a cent to finish at 12.99 US cents with investors switching ownership of 4,126 stock units, Sygnus Real Estate Finance USD rose 0.45 of a cent to 16.3 US cents with a transfer of 386 shares and Transjamaican Highway rallied 0.04 of a cent to close at 0.94 US cents with 3,697 units crossing the exchange.
Trading ended with eight securities changing hands, compared to five on Thursday, with prices of two rising, three declining and three ending unchanged.
Margaritaville rose 0.4 of a cent to end at 9.4 US cents with an exchange of 8 stocks, Proven Investments remained at 23 US cents with 20,095 units changing hands. Sygnus Credit Investments USD settled at 12.65 US cents with investors switching ownership of 2,140 stock units, Sygnus Real Estate Finance USD share popped 1.35 cents to close at 15.85 US cents with 11,599 shares traded and Transjamaican Highway fell 0.05 of a cent to 0.9 US cents with 351 units crossing the exchange.
The All Jamaican Composite Index slipped 82.69 points to close at 443,617.32, the JSE Main Index dived 2,627.64 points to 400,578.43 and the JSE Financial Index lost 0.94 points to end at 96.51.
Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and none with lower offers.
PanJam Investment rose 75 cents in closing at $64, with 11,021 units crossing the exchange, Portland JSX declined $2.70 to $7.50 in trading 5,400 stock units, Sagicor Group shed 97 cents in ending at $52 after an exchange of 48,753 stocks. Sagicor Real Estate Fund lost 50 cents to close at $8 with the swapping of 20,200 shares, Seprod advanced $2.60 to $63.50 with a transfer of 4,291 stocks, Stanley Motta rallied 60 cents to $5.90 with the swapping of 8,215 stock units. Sterling Investments gained 20 cents to close at $3 in switching ownership of 18,739 units.