Seventy-five percent fewer shares traded on the Jamaica Stock Exchange Main Market on Monday than on Friday, but the market closed higher even as more stocks fell than those rising.
At the close, the All Jamaican Composite Index climbed 1,190.14 points to settle at 405,372.12; the Main Index rose 1,139.72 points to end at 370,010.35, the JSE Financial Index rose 0.39 points to settle at 96.09.
Trading ended with 47 securities changing hands compared to 44 securities on Friday and ended with the prices of 13 stocks rising, 21 stocks declining, with 13 remaining unchanged. The average PE Ratio of the market ended at 15.4 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 23,030,074 shares for $57,044,608 compared to 20,605,919 units at $226,351,750 on Friday. Wigton Windfarm led trading with 18.64 million shares for 81 percent of total volume followed by Transjamaican Highway with 1.16 million units for 5 percent of the day’s trade and Sagicor Select Financial Fund with 1.09 million units for 4.8 percent market share.
Trading ended with an average of 490,004 units changing hands for $1,214,010on Monday, in comparison to an average of 468,316 shares at $5,144,358 on Friday. The average trade for the month to date ended at 417,892 units at $2,023,026 for each security, in contrast to 409,246 units at $2,120,026. Trading for the month to date compares well, with July’s average trade of 392,128 shares for $2,444,356.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows one stock ended with the bid higher than the last selling price and three with lower offers.
At the close of the market, Eppley Caribbean Property Fund lost 60 cents to settle at $48.50, with 17,041 shares crossing the market, First Rock Capital gained 74 cents in closing at $13 and trading 3,660 stocks, JMMB Group shed 81 cents to close at $30.34, with 162,375 units changing hands. Key Insurance declined 48 cents in closing at $7.51 after 8,181 shares crossed the exchange. Kingston Properties shed 35 cents to settle at $7.25 with investors switching ownership of 412 units, Kingston Wharves climbed 50 cents to end at $53.80, with 8,650 units changing hands, Mayberry Investments lost 30 cents to finish at $5.10 after 15,770 shares crossed the market. 
Mayberry Jamaican Equities lost 65 cents to end at $8.10 with an exchange of 7,945 shares, MPC Caribbean Clean Energy climbed $11 to $163 in trading just one share, Palace Amusement dropped $138.50 to $1,551.50, with nine units crossing the market. PanJam Investment lost $2 to end at $70 trading 3,160 units, Portland JSX advanced by 38 cents to close at $7.88 with an exchange of 9,700 stocks, Salada Foods rose $3 to $28 in trading 13,594 stock units. Scotia Group gained 95 cents in ending at $45 while exchanging 11,930 stock units and Seprod lost 99 cents to end at $54 and crossing the exchange with 26,126 stocks.
In the preference segment, Eppley 8.25% shed $1.05 to close at $7.45, while trading 1,020 stock units and 138 Student Living Preference share, gained 90 cents, in closing at a 52 weeks’ high of $6.88 after investors switched the ownership of 200 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of the market, the prices of one stock rose and two declined. The average PE Ratio of the market ended at 13.3 based on IC Insider.com’s forecast of 2020-21 earnings.
Trading ended with an average of 468,316 units changing hands, for the day at $5,144,3583 for each security, in comparison to an average of 909,763 shares at $3,152,673 on Thursday. The average trade for the month to date, ended at 409,246 units at $2,120,026, for each security, in contrast to 401,777 units at $1,737,639 on Thursday. Trading month to date compares well to July, with an average of 392,128 shares for $2,444,356.
Jamaica Producers increased 90 cents to end at $22.90 and finishing with 8,565 shares changing hands, Jamaica Stock Exchange lost 54 cents to close at $20 in trading 130,275 stock units. JMMB Group rose $1.15 to settle at $31.15, trading 23,103 shares, Key Insurance gained 92 cents to end at $7.99 in exchanging 19,577 stock units, MPC Caribbean Clean Energy carved out a gain of $2 in ending at $152 and finishing trading of 800 stock units. Palace Amusement dropped $93.83 to close at $1,690 with investors switching ownership of 10 units, PanJam Investment jumped $3.50 to $72 with an exchange of 86,201 stock units, Proven Investments carved out a gain of 21 cents to close at $34.01 in trading 12,430 stock units. Scotia Group carved out a loss $1.95 in ending at $44.05 in exchanging 102,735 shares, Seprod climbed 99 cents to $54.99, with 7,744 stocks changing hands and Wisynco Group lost 29 cents to end at $17.50 clearing the market with 177,442 stock units.
Trading ended with four securities changing hands compared to four on Thursday and ended with the prices of one stock rising, one declining and two remaining unchanged.
the Investor’s Choice bid-offer indicator reading for the JSE US Dollar market shows two stocks ended with bids higher than their last selling prices and no with lower offers.
Trading ended with an average of 909,763 units changing hands for the day at $3,152,673 for each security, in comparison to an average of 152,000 shares at $1,199,070 on Wednesday. The average trade for the month to date ended at 401,777 units at $1,737,639 for each security, in contrast to 330,159 units at $1,538,143 on Wednesday. Trading month to date compares well to July with an average of 374,929 units at $2,445,605 (392,128 shares for $2,444,356.
Kingston Wharves climbed 50 cents to $53, with just 2,071 units passing through the market, Mayberry Investments carved out a loss 75 cents to settle at $5.15 in an exchange of 19,239 shares, Mayberry Jamaican Equities dropped by 45 cents to close at $8.75 with investors wapping 152,360 units. NCB Financial climbed $7.88 trading 65,722 stock units at $137.90, PanJam Investment rose $1.75 to end at $68.50, with 11,860 shares changing hands, Proven Investments dropped $1.90 in ending at $33.80, with 2,500 stocks passing through the market. Sagicor Group increased by $4 to close at $44 in exchanging 682,448 stocks, Salada Foods shed $2 to settle at $25 after exchanging 42,000 units, Scotia Group dropped $1.73 to end at $46 in an exchange of 3,707 stocks. Seprod lost $2.24 to close at $54 in an exchange of 16,518 stocks, Stanley Motta rose 38 cents to settle at $5.13 with investors switching ownership of 37 shares, Supreme Ventures lost 65 cents to end at $14.50 with investors trading 152,771 shares. Victoria Mutual Investments declined by 37 cents to $6.57 with 69,669 stock units changing hands and Wisynco Group gained 58 cents to end at $17.79, with 11,650 stocks clearing the market.
At the close, the All Jamaican Composite Index fell 2,977.80 points to settle at 399,966.07, the Main Index dropped by 2,833.33 points to end at 364,976.44 and the JSE Financial Index carved out a loss 0.77 points to close at 94.06.
For the month to date, the average trade is 330,159 units at $1,538,143 for each security that traded, in contrast to 360,995 units at $1,596,828 to Tuesday. Trading for the month to date compares well to July with an average of 392,128 shares for $2,444,356.
Key Insurance carved out a gain of 50 cents ending at $7.50 with investors swapping 1,135 units, Kingston Properties increased 57 cents to $7.60 after exchanging ten units. Kingston Wharves declined by $1.30 to close at $52.50 passing through the market 7,089 stock units, MPC Caribbean Energy declined by $19.85 to settle at $150 in trading 770 stock units, NCB Financial fell by $6.98 in closing at $130.02, with 222,268 shares passing through the market. Proven Investments increased 30 cents to settle at $35.70 in an exchange of 27,348 shares, Sagicor Group advanced by 90 cents in ending at $40 after trading 52,290 units, Salada Foods dropped by $1 to end at $27 in an exchange of 1,000 shares. Seprod advanced by $1.24 to close at $56.24 after trading 5,507 stocks, Sygnus Credit Investments shed 31 cents to close at $15.99 with 7,381 stocks changing hands and Wisynco Group shed 67 cents to end at $17.21 with investors swapping 82,451 units.
At the close of the market, trading ended with seven securities changing hands compared to six on Tuesday and ended with the prices of two stocks rising, two declining and three remaining unchanged.
At the close of the market, First Rock Capital Investment settled at 9 US cents, in exchanging 37,051 stock units, Margaritaville closed at 14 US cents, with 97 shares changing hands. Proven Investments ended at 24.5 US cents in an exchange of 11,414 stock units, Sterling Investments lost two-tenths of a cent to end at 2.69 US cents and trading 1,006 units. Sygnus Credit Investments climbed 1.5 US cents to close at a 52 weeks’ high of 16.7 US cents with investors switching ownership of 1,061 stocks and Transjamaican Highway slipped from 0.09 cent and closed at 0.093 US of a cent in trading 25,782 stock units.
At the close of the market, the All Jamaican Composite Index carved out a loss of 2,268.81 points to settle at 402,943.87. The JSE Main Index fell 2,044.31 points to end at 367,809.77, the JSE Financial Index fell 0.24 points to settle at 94.83.
The day ended with 269,280 units on average trading at $1,129,730 for each security, in comparison to an average of 308,397 shares at $1,154,272 on Monday. The average traded for the month to date is 360,995 units at $1,596,828 for each security, in contrast to 378,165 units at $1,684,276 on Monday. Trading month to date compares well to July with an average of 392,128 shares for $2,444,356.
Key Insurance fell 50 cents to end at $7, with 34,354 shares passing through the market. NCB Financial Group climbed $3.45 to end at $137 after 79,513 shares crossed the exchange, 138 Student Living rose 60 cents to $6.60, finishing trading with 3,119 stock units, PanJam Investment fell $1.26 to $66.74, with an exchange of 11,013 shares, Proven Investments advanced by 40 cents to close at $35.40 trading 151 units. Sagicor Groupfell $1.41 after closing at $39.10 and exchanging 39,769 stocks, Sagicor Real Estate Fund lost 84 cents to end at $8 in trading 10,098 units, Salada Foods climbed $1 to close at $28 and clearing the market with just 200 shares. Scotia Group gained $3.30 to close at $47.50, finishing trading of 7,124 shares, Seprod fell $1.96 to close at $55 after exchanging 31,637 stocks and Stanley Motta declined by 38 cents to settle at $4.75 in trading 15,000 shares.
Proven Investments lost three-tenths of a cent to close at 24.5 US cents, with 2,425 units crossing the market Sterling Investments increased six-tenths of a US cent to close at 2.85 US cents trading 5,500 units. Sygnus Credit Investments dropped by 1.8 US cents to settle at 15.2 US cents in an exchange of 229 units and Transjamaican Highway closed at 0.95 of a US cent while exchanging 4,000 stock units.
An average of 378,165 units traded for the month to date at $1,684,276 for each security, in contrast to 394,720 units at $1,810,039. Trading month to date compares adversely to July that ended with an average of 392,128 shares for $2,444,356.
First Rock Capital lost 51 cents to end at $13.50, clearing the market with 3,913 stock units, Jamaica Producers Group carved out a gain of $1.10 to close at $23.85 after exchanging 18,550 stock units, Jamaica Stock Exchange rose 95 cents to settle at $23.95, with 55,562 stock units crossing the exchange. Key Insurance fell by $1 closing at $7.50, with 10,894 units changing hands, Kingston Wharves rose $2.80 ending at $53.80 with an exchange of 768 units, NCB Financial Group dropped $4.45 to end at $133.55 while trading 32,645 units. Palace climbed $222.83 to $1,783.83 and 9 stock units passing through the market, Sagicor Group dipped $1.49 to settle at $40.51 exchanging 44,579 units. Sterling Investments lost 30 cents to end at $2.70 with investors swapping 932 shares and Wisynco Group gained 39 cents to end at $17.99 with an exchange of 28,333 stock units.