The volume of stocks traded on the Jamaica Stock Exchange Main Market on Monday surged 97 percent above Friday trades but with a 32 percent fall in the value exchanged, leading to twice as many stocks falling as rising and resulting in a dip in the market index.
The All Jamaican Composite Index fell 1,166.89 points to 442,437.97, the JSE Main Index declined by 1,330.54 points to 388,227.31 and the JSE Financial Index slipped 0.39 points to settle at 91.59.
Similar to Friday, 54 securities were traded, with 14 rising, 29 declining and 11 ending unchanged.
Overall, 14,684,649 shares were exchanged for $86,847,608 versus 7,435,594 units at $128,125,542 on Friday. Trading averages 271,938 units at $1,608,289, compared to 137,696 shares at $2,372,695 on Friday and month to date, an average of 268,374 units at $1,794,355, compared to 267,179 units at $1,856,762 on the previous trading day. May closed with an average of 238,645 units at $3,561,016.
JMMB Group 7.5% led trading with 5.01 million shares for 34.1 percent of total volume, followed by Portland JSX with 2.0 million units for 13.6 percent of the day’s trade, Community & Workers Credit Union ended with 1.45 million units for 9.9 percent market share, Transjamaican Highway exchanged 1.43 million units for 9.7 percent of the market trade and QWI Investments with 1.08 million units for 7.4 percent market share.
The PE Ratio, a formula for certain appropriate stock values, averages 14.7 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years, ending up to the close of August 2023.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and seven stocks with lower offers.
At the close, Barita Investments lost 39 cents to end at $88.11, with 1,863 shares crossing the market, Caribbean Cement popped 50 cents to end at $66 after 5,858 units changed hands, Eppley climbed $1.05 to $49 trading 1,261 stock units. Eppley Caribbean Property Fund dropped $3.96 in closing at $42.75 with an exchange of 234 stocks, First Rock Capital gained 64 cents in ending at $12.65 after trading 35,649 units, GraceKennedy shed $1.97 to $107.53 in exchanging 19,373 shares. Guardian Holdings fell $14 to $520, with 1,140 stock units changing hands, Jamaica Broilers declined $1 to $27 with the swapping of 14,622 stocks, Jamaica Stock Exchange declined $1.50 in closing at $18 in an exchange of 132,344 stock units. JMMB Group lost 88 cents to end at $43.12 in switching ownership of 313,322 shares, Massy Holdings shed $2.75 to close at $92.50 with 44,883 stocks clearing the market, NCB Financial rose 48 cents to end at $101.50 while exchanging 151,031 units. PanJam Investment dropped $1.50 to $66 in exchanging 1,811 units, Portland JSX fell $1.69 to $8.56 after 2,000,000 stock units crossing the exchange, Proven Investments shed 69 cents in closing at $37.81 with an exchange of 12,031 stocks. 
Sagicor Group lost 48 cents to end at $53.77 trading 87,304 shares, Salada Foods dropped 44 cents to $5.50 after exchanging 5,684 units, Scotia Group declined $1 in closing at $36 and trading 86,051 stocks and Seprod rallied 50 cents to $71.50 with 5,524 stock units changing hands.
In the preference segment, JMMB Group 7.25% preference share increased 41 cents to close at $3.20 in switching ownership of 12 shares and 138 Student Living preference share advanced $2.72 in ending at a 52 weeks’ high of $20.88 trading 463 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Main market stocks slipped on Friday
Market activity ended on the Jamaica Stock Exchange Main Market on Friday, with the volume of stocks traded declining 58 percent with an 87 percent higher value than on Thursday as rising stocks just exceeded those falling.
The All Jamaican Composite Index shed 2,760.54 points to 443,604.86, the JSE Main Index lost 1,705.22 points to close at 389,557.86 and the JSE Financial Index dipped 0.55 points to settle at 91.98.
On Friday, 54 securities were traded, down from 57 on Thursday, with 22 rising, 21 declining and 11 unchanged.
The PE Ratio, a formula to compute appropriate stock values, averages 15.1. for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Overall, 7,435,594 shares traded for $128,125,542 versus 17,737,465 units at $68,560,146 on Thursday. Trading averages 137,696 units at $2,372,695, compared to 311,184 shares at $1,202,810 on Thursday and month to date, an average of 267,179 units at $1,856,762, compared to 332,525 units at $1,596,385 on the previous trading day. May closed with an average of 238,645 units at $3,561,016.
Transjamaican Highway led trading with 1.63 million shares for 21.9 percent of total volume, followed by Supreme Ventures with 1.41 million units for 18.9 percent of the day’s trade and JMMB Group with 1.12 million units for 15 percent market share.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments popped 49 cents in closing at $88.50 in trading 9,074 shares, Berger Paints advanced 30 cents to end at $11.30, with 423 stocks crossing the exchange, Caribbean Cement dropped $1.50 to close at $65.50 as 7,350 stock units changed hands. GraceKennedy rallied 50 cents to $109.50 in switching ownership of 93,121 units, Guardian Holdings shed $1 in ending at $534 with an exchange of 2,608 shares, Jamaica Producers gained 30 cents to $22.80 after 7,565 units crossed the market. JMMB Group declined 99 cents to close at $44 with 1,116,258 stock units clearing the market, Kingston Wharves lost 62 cents in ending at $38.98 after trading 301 stocks, NCB Financial fell $3.88 in closing at $101.02 in exchanging 51,678 stocks. PanJam Investment climbed $1.50 to end at $67.50 while exchanging 801 stock units, Proven Investments increased 51 cents to end at $38.50 after exchanging 44,633 shares, Sagicor Group dropped 75 cents to $54.25, with 47,796 units changing hands. Scotia Group rose $1.40 to close at $37, with 91,201 units crossing the market, Seprod declined 87 cents to $71 in an exchange of 2,846 shares and Supreme Ventures rallied 50 cents in closing at $30.50 with the swapping of 1,406,282 stocks.
In the preference segment, Eppley 7.25% preference share gained $1.99 in ending at $22 after exchanging 200 stock units, Eppley 7.50% preference share climbed 72 cents in closing at $7.23 in trading just two shares, JMMB Group 7.25% preference share lost 42 cents to close at $2.79 in trading 1,078 units and 138 Student Living s preference share advanced $1.66 to end at $18.16, with 53 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Decline for JSE Main Market
Market activity ended on Thursday, with the volume of stocks traded declining modestly, but with 33 percent lower value than on Wednesday on the Jamaica Stock Exchange Main Market as rising stocks just edged out those falling.
The All Jamaican Composite Index declined 2,414.76 points to settle at 446,365.40, the JSE Main Index dipped 1,933.62 points to close at 391,263.08 and the JSE Financial Index shed 0.78 points to settle at 92.53.
Trading ended with 57 securities compared to 50 on Wednesday, with 23 rising, 22 declining and 12 ending unchanged.
The PE Ratio, a formula for computing stock values, averages 15.1. The JSE Main and USD Market PE ratios are calculated based on ICInsider.com’s forecasted earnings for companies with financial years, ending up to the close of August 2023.
Overall, 17,737,465 shares were exchanged for $68,560,146 versus 17,842,696 units at $102,253,017 on Wednesday. Trading averages 311,184 units at $1,202,810, compared to 356,854 shares at $2,045,060 on Wednesday and month to date, an average of 332,525 units at $1,596,385. May closed with an average of 238,645 units at $3,561,016.
Transjamaican Highway led trading with 3.24 million shares for 18.3 percent of total volume, followed by Wigton Windfarm with 2.73 million units for 15.4 percent of the day’s trade, Ciboney Group ended with 2.37 million units for 13.4 percent market share, Sagicor Select Financial Fund closed with 2.36 million units trading for 13.3 percent market share. Sagicor Select Manufacturing & Distribution Fund ended with 1.79 million units for 10.1 percent market share and JMMB Group 7.25% preference share due 2024, 1.21 million units for 6.8 percent market share.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Barita Investments rallied 91 cents to $88.01 in switching ownership of 12,725 shares, Berger Paints lost $1 to close at $11 in exchanging at 12,985 units, Caribbean Cement fell $2.70 to $67 after 32,147 stocks crossed the exchange. Carreras climbed 30 cents to end at $9.95 after exchanging 273,510 stock units, Eppley Caribbean Property Fund increased $2 in closing at $47 in exchanging 7,404 units, First Rock Capital shed 43 cents in closing at $12, with 11,738 stock units changing hands. GraceKennedy advanced $1.40 to $109 in trading 39,512 shares, Jamaica Producers declined 30 cents to close at $22.50 after 369 stocks crossed the market, Jamaica Stock Exchange gained $1.60 to end at $19.30 trading 5,211 stock units. Mayberry Jamaican Equities rose 52 cents to $15, with 160,500 stocks crossing the market, MPC Caribbean Clean Energy popped $9.95 to $105 while exchanging 411 shares, Palace Amusement rallied $90 in closing at $990 and exchanging ten units. PanJam Investment dropped $1.50 in ending at $66, with 5,666 shares clearing the market, Portland JSX fell 45 cents to end at $10.25 with the swapping of 5,000 stock units, Scotia Group lost $1.20 to close at $35.60 with an exchange of 16,198 stocks. 
Seprod climbed $1.37 to end at $71.87, trading 11,616 units, Sygnus Credit Investments advanced 99 cents to close at $14.99 in an exchange of 97,609 stock units and Victoria Mutual Investments gained 37 cents in closing at $5.89 as 28,299 stocks changed hands.
In the preference segment, Eppley 7.50% preference share declined $1.93 to $6.51 while exchanging 421,550 units, JMMB Group 7.25% preference share popped 42 cents to $3.21, with 10 shares changing hands and Productive Business Solutions 9.75% preference share increased $2.75 to end at $109.75 in exchanging 404 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market falters to start June
Market activity started in June, with the Jamaica Stock Exchange Main Market giving back some of the gains enjoyed on Tuesday in closing out May. The volume of stocks traded on Wednesday declined 7 percent and the value dropped 47 percent lower than on Tuesday as rising stocks were fewer than those declining.
The All Jamaican Composite Index lost 1,658.03 points to end at 448,780.16, the JSE Main Index dropped 1,215.87 points to 393,196.70 and the JSE Financial Index shed 0.66 points to settle at 93.31.
Trading ended with 50 securities compared to 53 on Tuesday, with 19 rising, 24 declining and seven ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 15. The JSE Main and USD Market PE ratios are based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Overall, 17,842,696 shares were traded for $102,253,017 versus 19,187,062 units at $194,339,772 on Tuesday. Trading averages 356,854 units at $2,045,060, compared to 362,020 shares at $3,666,788 on Tuesday. May averaged 238,645 units at $3,561,016.
Wigton Windfarm led trading with 3.72 million shares for 20.8 percent of total volume, followed by JMMB Group 7.5% preference share with 2.74 million units for 15.3 percent of the day’s trade, Transjamaican Highway with 2.69 million units for 15.1 percent market share. Sagicor Select Manufacturing & Distribution Fund ended with 2.32 million units for 13 percent market share and Sagicor Select Financial Fund traded 2.29 million units for 12.8 percent market share.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and six stocks with lower offers.
At the close, Barita Investments shed 90 cents to close at $87.10 while exchanging 169,135 shares, Caribbean Cement rose $1.25 to end at $69.70, with 171,404 stock units crossing the market, Caribbean Producers fell 35 cents in closing at $15.30 as 82,835 units were swapped. Eppley climbed $7.95 in ending at $47.95 in switching ownership of 1,561 stocks, GraceKennedy fell $2.90 to close at $107.60 with an exchange of 18,800 stocks, Jamaica Broilers dropped 50 cents to end at $28, with 132,044 units changing hands. Jamaica Producers popped 30 cents to $22.80 with the swapping of 109 stock units, Jamaica Stock Exchange lost $1.30 in closing at $17.70 with an exchange of 1,000 shares, JMMB Group declined $2 to $45 in exchanging 212,458 stocks. Mayberry Investments lost 45 cents to end at $10 after trading 21,713 stock units, Mayberry Jamaican Equities increased 98 cents to close at $14.48, with 11,508 units crossing the exchange, MPC Caribbean Clean Energy dropped $6.95 in closing at $95.05 after exchanging 72 shares. NCB Financial fell 98 cents to $105.02, with 45,393 units crossing the market, Palace Amusement shed $23.95 to $900 in trading 70 shares, PanJam Investment rose $1.50 to end at $67.50, trading 1,613 stock units. 
Proven Investments declined 99 cents to $38 in an exchange of 29,227 stocks, Radio Jamaica dropped 35 cents to $2.50, with 336,685 shares clearing the market, Sagicor Group shed $2.99 to end at $55 while exchanging 125,413 stocks. Scotia Group rallied 80 cents in closing at $36.80 after exchanging 2,102 stock units, Seprod gained 48 cents to close at $70.50 after 13,500 units changed hands, Stanley Motta rallied 46 cents to $5.95, with 16,561 units crossing the market. Supreme Ventures climbed 46 cents to close at $29.96 after trading 95,238 shares and Sygnus Credit Investments fell $1.90 in closing at $14 after 611,693 stock units changed hands.
In the preference segment, Productive Business Solutions 9.75% preference share popped $2 after ending at $107 and trading 586 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising JSE main market stocks batter losers
Market activity on Monday on the Jamaica Stock Exchange Main Market ended Tuesday, with the volume of stocks traded rising 163 percent and the value 285 percent more than Monday as rising stocks exceeded those declining by a wide margin.
The All Jamaican Composite Index rallied 2,316.94 points to settle at 450,438.19, the JSE Main Index and the JSE Financial Index advanced 0.31 points to settle at 93.97.
Some 53 securities traded compared to 54 on Monday, with 34 rising, ten declining and nine ending unchanged.
The PE Ratio, a formula used for computing appropriate stock values, averages 14.7. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Overall, 19,187,062 shares traded for $194,339,772 versus 7,299,070 units at $50,442,185 on Monday. Trading averages 362,020 units at $3,666,788, compared to 135,168 shares at $934,115 on Monday and month to date, an average of 238,645 units at $3,561,016, compared to 232,770 units at $3,558,980 on the previous trading day. April averaged 532,209 units at$5,709,319.
JMMB Group 7.5% preference share led trading with 10.52 million units for 54.8 percent of total volume, followed by Supreme Ventures with 1.43 million shares for 7.4 percent of the day’s trade, Transjamaican Highway ended with 1.32 million units for 6.9 percent market share and Caribbean Producers exchanged 1.02 million units for 5.3 percent market share.
Investor’s Choice bid-offer indicator shows 17 stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Barita Investments rallied 35 cents to end at $88 with an exchange of 123,555 shares, Berger Paints advanced $1.37 to $12, with just 84 units crossing the exchange, Caribbean Cement rose $4.45 to $68.45 after 31,606 stock units passed through the market. Caribbean Producers rallied 87 cents to $15.65 in switching ownership of 1,023,013 stocks, Carreras increased 40 cents to $9.90 after 294,229 units changed hands, Eppley dropped $6.23 to $40, with 4,028 stocks crossing the market. Eppley Caribbean Property Fund popped $1 to $45 while exchanging 5,325 shares, First Rock Capital climbed 45 cents in closing at $12.50 in an exchange of 915 stock units, GraceKennedy rose $3 to close at $110.50 as 12,469 shares changed hands. Guardian Holdings advanced $15 to end at $535, trading 3,909 stock units, Jamaica Broilers rallied 50 cents to close at $28.50 after exchanging 23,170 units, Jamaica Producers gained 50 cents in ending at $22.50 with the swapping of 2,337 stocks. Jamaica Stock Exchange popped 50 cents to $19, with 95,847 shares changing hands, Massy Holdings shed $3 in closing at $95 after exchanging 29,647 units, Mayberry Investments increased 35 cents to end at $10.45, with 317,126 stocks clearing the market. MPC Caribbean Clean Energy lost $3 after finishing at $102 in exchanging 48 stock units, NCB Financial fell 40 cents to $106 in trading 51,458 shares, Palace Amusement climbed $3.95 to close at $923.95 in exchanging 11 units. Proven Investments increased $2.24 to end at $38.99 after trading 2,183 stock units, 
Supreme Ventures climbed 49 cents in closing at $29.50, with 1,425,406 stocks clearing the market, Sygnus Credit Investments advanced $1.10 to end at $15.90 trading 130,918 shares and Sygnus Real Estate Finance rallied $1.54 in closing at $15.54 in trading 7,000 stock units.
In the preference segment, Jamaica Public Service 9.5% popped by $1 to close at $3000 after just one unit changed owners and Productive Business Solutions 9.75% preference share declined by $2 in, ending at $105 with an exchange of 774 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for Jamaica Stock Exchange Main Market
On Monday, market activity ended on the Jamaica Stock Exchange Main Market, with the volume of stocks traded declining by 34 percent and the value down 41 percent below Friday’s outturn as rising stocks beat out those declining.
Trading ended with 54 securities down from 56 on Friday, with 20 rising, 16 declining and 18 left unchanged.
The All Jamaican Composite Index gained 4,305.03 points to settle at 448,121.25, the JSE Main Index and the JSE Financial Index popped 0.89 points to settle at 93.66.
The PE Ratio, a formula for computing appropriate stock values, averages 14.6. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to August 2023.
Overall, 7,299,070 shares were exchanged for $50,442,185 versus 11,037,154 units at $85,895,992 on Friday. Trading averages 135,168 units at $934,115, compared to 197,092 shares at $1,533,857 on Friday and month to date, an average of 232,770 units at $3,555,980, compared to 237,971 units at $3,689,672 on the previous trading day. April averaged 532,209 units at $5,709,319.
Transjamaican Highway led trading with 1.91 million shares for 26.2 percent of total volume, followed by Sagicor Select Financial Fund with 1.39 million units for 19 percent of the day’s trade, QWI Investments traded 1.08 million units for 14.8 percent market share and Wigton Windfarm, 1.07 million units for 14.7 percent market share.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Caribbean Cement climbed $1 to close at $64, with 25,448 shares crossing the exchange, Eppley Caribbean Property Fund popped $2.95 to $44 in switching ownership of 3 stock units, First Rock Capital shed 35 cents in ending at $12.05 with the swapping of 1,703 stocks. Jamaica Stock Exchange lost 30 cents to end at $18.50 in an exchange of 13,082 units, JMMB Group gained 75 cents in closing at $46.75 with 81,624 stocks changing hands, Kingston Properties rallied 49 cents to close at $7.99 after 6,251 stock units were traded. Massy Holdings advanced $3 to $98 in trading 67,506 units, Mayberry Investments declined 36 cents to $10.10 while exchanging 4,158 shares, Mayberry Jamaican Equities fell $1.10 in closing at $13.50, with 3,526 stocks clearing the market. Portland JSX increased 70 cents to $10.70 after 50,000 stock units changed hands, Proven Investments rose 70 cents to $36.75 in exchanging 3,532 shares, Pulse Investments dropped 32 cents in closing at $3.48, with 309,086 units crossing the market. Stanley Motta increased 40 cents in ending at $5.30 after exchanging 23,878 shares, 
Supreme Ventures rose $1.01 to end at $29.01, with 14,640 stock units crossing the market, Sygnus Credit Investments dropped $1.28 to close at $14.80, with 12,534 stocks changing hands. Sygnus Real Estate Finance rallied $1.05 in closing at $14 after an exchange of 3,310 units and Wisynco Group advanced 50 cents to close at $19.80, trading 42,528 stocks.
In the preference segment, Jamaica Public Service 9.5% slipped $1 to $2999 with an exchange of 13 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Weekend gains for JSE main market
Market activity ended on the Jamaica Stock Exchange Main Market on Friday, with the volume of stocks traded declining 11 percent within 18 percent greater value than on Thursday as rising stocks edged out those declining, sending the market indices into positive territory at the close.
Trading ended with 56 securities changing hands compared to 54 on Thursday, with 22 rising, 19 sliding, with 15 unchanged. The All Jamaican Composite Index rose 1,636.40 points to 443,816.22, the JSE Main Index 678.54 points to 387,816.69 and the JSE Financial Index dipped 0.10 points to settle at 92.77.
The PE Ratio, a formula for computing appropriate stock values, averages 14.4. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to August 2023.
Overall, Overall, 11,037,154 shares were exchanged for $85,895,992 versus 12,027,193 units at $67,590,197 on Thursday. Trading averages 197,092 units at $1,533,857, compared to 222,726 shares at $1,251,670 on Thursday and month to date, an average of 237,747 units at $3,689,672, compared to 240,017 units at $3,810,037 on the previous trading day. April closed with an average of 532,209 units at $5,709,319.
Transjamaican Highway led trading with 2.72 million shares for 24.6 percent of total volume, followed by Wigton Windfarm with 2.51 million units for 22.8 percent of the day’s trade and QWI Investments, 961,802 units for 8.7 percent of market share.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and two stocks with lower offers.
At the close, Barita Investments dropped $2.21 to close at $87.65, with 48,902 shares changing hands, Caribbean Producers lost 71 cents to end at $15 in switching owners of 192,169 stocks, Eppley rallied $6.23 in ending at $46.23 after 35 stock units crossed the exchange. Eppley Caribbean Property Fund declined $2.95 in closing at $41.05 and trading 687 units, First Rock Capital climbed 85 cents to $12.40, with 12,035 shares crossing the market, JMMB Group gained 65 cents to end at $46 trading 160,986 stocks. Kingston Wharves increased $1.25 in ending at $39.70 after exchanging 6,212 units, Massy Holdings rose $1.80 to $95 with 4,080 stock units changing hands, Mayberry Jamaican Equities advanced $1.36 in closing at $14.60 in an exchange of 23,809 stocks. MPC Caribbean Clean Energy popped $9.99 to close at $105 with the swapping of 91 stock units, NCB Financial shed 50 cents to close at $106.50 with an exchange of 21,683 units, 138 Student Living advanced 43 cents to $5.19 with 15,946 shares clearing the market. PanJam Investment increased $2 to $66 after exchanging 3,106 stocks, Portland JSX fell 30 cents to $10 with 40,349 shares changing hands, Proven Investments fell $1.85 to end at $36.05 after exchanging 88,068 stock units. 
Sagicor Group rose $1.49 to $57.99, with 107,192 units crossing the market, Scotia Group popped 52 cents to close at $36 while exchanging 334,902 stocks, Seprod lost 39 cents, ending at $70.01 trading 5,380 units. Stanley Motta shed 40 cents in closing at $4.90 while exchanging 186,644 stock units, Sygnus Credit Investments rallied 98 cents to $16.08 and closed after trading 65,064 shares, Sygnus Real Estate Finance dropped 55 cents, ending at a 52 weeks’ low of $12.95, with 1,175 stock units crossing the market and Wisynco Group declined 65 cents to end at $19.30 in switching ownership of 266,327 shares.
In the preference segment, 138 Student Living preference share declined $1.66 to close at $16.50 in exchanging 311 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market bounce
Market activity ended on the Jamaica Stock Exchange Main Market on Thursday, with the volume of stocks traded declining marginally, with a 36 percent lower value than on Wednesday but led to rising stocks exceeding those declining by a solid margin and leading to gains in the market indices.
Trading led to 54 active compared to 56 on Wednesday, with 28 rising, 17 declining and nine ending unchanged. 138 Student Living preference share surged to close at a 52 weeks’ high of $18.16 and Sygnus Real Estate Finance close at a 52 weeks’ low of $13.50.
The All Jamaican Composite Index rose 2,244.12 points to 442,179.82, the JSE Main Index rallied 693.48 points to close at 387,138.14 and the JSE Financial Index rallied 0.41 points to settle at 92.87.
The PE Ratio, a formula for computing appropriate stock values, averages 14.4. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years, ending up to the close of August 2023.
Investors exchanged 12,027,193 shares for $67,590,197 versus 12,344,026 units at $106,516,410 on Wednesday. Trading averaged 222,726 units at $1,251,670, compared to 220,429 shares at $1,902,079 on Wednesday and month to date, an average of 240,017 units at $3,810,037, compared to 241,000 units at $3,955,613 on the previous trading day. April closed with an average of 532,209 units at $5,709,319.
Sagicor Select Financial Fund led trading with 3.26 million shares for 27.1 percent of the total volume followed by Wigton Windfarm with 2.37 million units for 19.7 percent of the day’s trade and Transjamaican Highway, 2.10 million units for 17.4 percent market share.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Berger Paints climbed 30 cents to $10.60, with 246,149 shares changing hands, Caribbean Cement increased $2 to $63 after exchanging 42,623 units, Caribbean Producers advanced $1.75 in closing at $15.71 after trading 357,498 stocks. Eppley gained $1.33 to close at $40 in an exchange of 884 stock units, Eppley Caribbean Property Fund jumped $4 to $44, with 3,571 shares crossing the exchange, GraceKennedy popped 40 cents to end at $107.40 and closed with 61,067 units changing hands. Jamaica Broilers rallied 95 cents in closing at $28 with the swapping of 12,269 stocks, JMMB Group lost 64 cents to close at $45.35, with 77,049 stock units crossing the market, Kingston Wharves advanced $2.35 to $38.45 after trading 11,879 units. Massy Holdings popped $2.20 to $93.20, with 3,065 stocks clearing the market, Mayberry Investments increased 50 cents to $10.50 in trading 293,161 stock units, Mayberry Jamaican Equities dropped $1.51 after ending at $13.24 in switching ownership of 110,924 shares. MPC Caribbean Clean Energy shed $15.49 to end at $95.01 while exchanging 10 shares, NCB Financial declined $2 to $107 in exchanging 50,872 units, 138 Student Living fell 42 cents to close at $4.76 after 1,578 stocks passed through the exchange. PanJam Investment declined 50 cents to end at $64 with an exchange of 45,687 stock units, Portland JSX rallied $1.70 in ending at $10.30, with 105,172 stock units crossing the market, Proven Investments climbed $1.90 to close at $37.90 trading 13,369 shares.
Pulse Investments rose 50 cents to $3.85 in an exchange of 353,396 stocks, Sagicor Group lost $1 to end at $56.50 while exchanging 48,327 units, Salada Foods gained 50 cents to end at $6 in exchanging 9,143 shares. Seprod rallied 39 cents to $70.40, with 4,502 stock units changing hands, Sygnus Credit Investments gained 30 cents to close at $15.10 with an exchange of 19,503 stocks, Sygnus Real Estate Finance dropped 30 cents to close at a 52 weeks’ low of $13.50 after 4,840 units passed through the market and Wisynco Group popped 55 cents in ending at $19.95 while trading 577,465 units.
In the preference segment, JMMB Group 7.25% preference share shed 42 cents in closing at $2.79 in switching ownership of 12 stocks, 138 Student Living preference share surged $1.65 to close at a 52 weeks’ high of $18.16 in trading two stock units and Productive Business Solutions 9.75% preference share fell $7.24 to $107 in trading one share.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Losers edged out Main Market winners
Market activity ended on Wednesday, with the volume of stocks traded declining 49 percent and the value 36 percent lower than on Tuesday on the Jamaica Stock Exchange Main Market as declining stocks edged out rising stocks.
The All Jamaican Composite Index dropped 2,314.48 points to 439,935.70, the JSE Main Index rose 956.58 points to close at 386,290.42 and JSE Financial Index fell 0.13 points to settle at 92.46.
A total of 56 securities traded, the same as on Tuesday, with 22 rising, 25 declining and nine ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 14. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Overall, 12,344,026 shares were exchanged for $106,516,410 down from 24,048,471 units at $165,423,987 on Tuesday. Trading averages 220,429 units at $1,902,079, compared to 429,437 shares at $2,954,000 on Tuesday and month to date, an average of 241,000 units at $3,955,613, compared to 242,290 units at $4,084,390 on the previous trading day. April closed with an average of 532,209 units at $5,709,319.
Wigton Windfarm led trading with 2.73 million shares for 22.1 percent of total volume, followed by JMMB Group 7.25% preference share due 2024, with 1.40 million units for 11.4 percent of the day’s trade, Sagicor Select Financial Fund chipped in with 1.39 million units for 11.3 percent market share and Transjamaican Highway, 1.10 million units for 8.9 percent of the day’s trades.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Cement popped 49 cents to close at $61, trading 59,517 shares, Caribbean Producers shed 34 cents to end at $13.96 in an exchange of 166,067 stock units, Carreras fell 30 cents in closing at $9.60 with an exchange of 268,574 stocks. Eppley dropped $4.33 at $38.67 after exchanging 1,363 units, GraceKennedy lost 32 cents to end at $107 after 34,348 stock units crossed the exchange, Guardian Holdings climbed $9 in closing at $520 after exchanging 3,173 shares. Jamaica Broilers declined $1.25 in ending at $27.05 with 110,937 units changing hands, Jamaica Producers advanced 32 cents to end at $21.95 while exchanging 16,979 stocks, Jamaica Stock Exchange dropped 55 cents to $18.50 after an exchange of 23,072 stock units. JMMB Group rallied $2.99 to close at $45.99, with 474,181 stocks changing hands, Margaritaville lost 40 cents to close at $22.60 in trading 64 units, Massy Holdings rose $1 in closing at $91 after 50,121 shares crossed the market. Mayberry Jamaican Equities gained $1.75 to end at $14.75 with the swapping of 83,664 stocks, 138 Student Living climbed 83 cents ending at $5.18 in switching ownership of 400 shares, Palace Amusement shed $30 to $920 in exchanging two units. 
PanJam Investment rallied $11.50 to end at $64.50 with 26,096 stock units crossing the market, Sagicor Group climbed $1.50 to close at $57.50, with 138,329 shares clearing the market, Salada Foods declined 40 cents to $5.50 in exchanging 38,244 stock units. Seprod fell $1.49 to $70.01 after exchanging 96,172 stocks, Sygnus Credit Investments lost 70 cents in closing at $14.80 after trading 78,324 units and Wisynco Group fell 60 cents to $19.40, with 212,894 stock units changing hands.
In the preference segment, JMMB Group 7.25% preference share, gained 36 cents in closing at $3.21 after trading 37 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Investors dumped stocks to buy IPO
Prices plunged on the Jamaica Stock Exchange Main Market Tuesday after 56 securities traded compared to 58 on Friday, leading to a mere five rising, 46 declining and five ending unchanged market activity ended, with the volume of stocks traded surging 264 percent and the value climbing 155 percent more than on Friday as investors sold stocks to raise funds to purchase shares in the latest IPO – Dolla Financial, hitting the market later this week.
At the close, five stocks, including PanJam Investment, ended at a 52 weeks’ low. The All Jamaican Composite Index plunged 7,520.59 points to settle at 442,250.18, the JSE Main Index dived 6,564.71 points to 385,333.83 and the JSE Financial Index slipped 1.13 points to 92.59.
The PE Ratio, a formula for computing appropriate stock values, averages 14.1. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to August 2023.
A total of 24,048,471 shares were exchanged for $165,423,987 up from 6,597,987 units at $64,884,016 on Friday. Trading averages 429,437 units at $2,954,000, versus 113,758 shares at $1,118,690 on Friday and month to date, an average of 242,561 units at $4,088,390, compared to 229,769 units at $4,160,020 on the previous trading day. April closed with an average of 532,209 units at $5,709,319.
Wigton Windfarm led trading with 6.0 million shares for 24.9 percent of total volume, followed by Transjamaican Highway with 3.97 million units for 16.5 percent of the day’s trade, QWI Investments chipped in with 2.71 million units for 11.3 percent market share, Sagicor Select Financial Fund ended with 2.48 million units for 10.3 percent of the day’s trade and 1834 Investments, 1.16 million units for 4.8 percent of trading.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Berger Paints dropped $2.21 to close at a 52 weeks’ low of $10.01 after an exchange of 16,122 shares, Caribbean Cement shed $1.49 to end at $60.51, with 126,043 units crossing the market, Caribbean Producers lost 55 cents in closing at $14.30, with 626,248 stocks changing hands. Carreras popped 60 cents to $9.90, trading 149,627 stock units, Eppley fell $6.50 to close at $43 after 5,479 stocks passed through the exchange, Eppley Caribbean Property Fund declined $7.27 to close at $40 in exchanging 12,460 units. First Rock Capital declined 64 cents to $11.52 after an exchange of 32,461 stock units, GraceKennedy dropped $2.67 in ending at $107.32, while exchanging 151,958 shares, Guardian Holdings fell $19 to end at $511 in switching ownership of 3,283 stocks. Jamaica Broilers increased $1.20 in closing at $28.30 in an exchange of 76,347 stock units, Jamaica Stock Exchange shed 95 cents to close at $19.05 after 14,387 units crossed the market, JMMB Group lost $2.25 in ending at $43 after exchanging 452,538 shares. Key Insurance declined 68 cents to close at a 52 weeks’ low of $3.60, trading 128,492 stocks, Kingston Wharves shed $2.09 to $36.11 with the swapping of 9,310 stock units, Mayberry Jamaican Equities lost $1 in closing at $13 with an exchange of 793,609 units. 138 Student Living fell 82 cents in closing at $4.35, with 98,926 shares clearing the market, Palace Amusement dropped $90 to $950, trading 51 stocks, PanJam Investment lost $13.50 to close at a 52 weeks’ low of $53 in trading 22,176 units. Proven Investments shed $2.50 to end at $36 after exchanging 42,595 shares, Pulse Investments dropped 40 cents to $3.59 with an exchange of 170,274 stock units, Sagicor Group advanced $1.40 to $56, with 211,959 stock units crossing the market. 
Scotia Group fell 60 cents in closing at $35.20 with an exchange of 87,916 stocks, Seprod declined 49 cents to end at $71.50 after exchanging 22,654 shares, Stanley Motta dropped 40 cents to close at $5.10, with 3,885 units clearing the market. Supreme Ventures fell $2.05, ending at $27.95 while exchanging 525,207 units, Sygnus Credit Investments shed 70 cents to close at $15.50 in exchanging 308,530 stock units, Sygnus Real Estate Finance lost $1 to end at a 52 weeks’ low of $14 after trading 4,006 stocks. Victoria Mutual Investments declined 36 cents in closing at a 52 weeks’ low of $5.21 in switching ownership of 449,801 shares and Wisynco Group fell $1.48 to $20, with 247,442 stocks crossing the market.
In the preference segment, JMMB Group 7.25% preference share lost 40 cents after ending at $2.85, trading 145 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
