Moderate slippage for JSE Main Market

Market activity ended on Wednesday with the volume of shares trading surging 122 percent higher than on Tuesday with a moderate increase in value at the close of the Jamaica Stock Exchange Main Market as rising stocks equalled those declining.
The All Jamaican Composite Index slipped 128.09 points to443,762.67, the JSE Main Index fell 269.20 points to 402,403.83 and the JSE Financial Index lost 0.16 points to end at 96.93.
Similar to Tuesday, 53 securities traded, with 20 stocks each rising and declining and 13 ending unchanged. The PE Ratio, a measure used in computing appropriate stock values, averages 15.8. The PE ratio of each stock, shown in the chart below, is based on earnings forecasted by ICInsider.com for companies whose financial year ends up to April 2022.
Trading garnered 10,819,493 shares for $58,904,046 versus 4,884,545 units at $52,813,077 on Tuesday. An average of 204,141 shares traded for  $1,111,397, compared to 92,161 shares at $996,473 on Tuesday and month to date, an average of 237,543 units at $2,726,463, compared to 240,412 units at $2,865,196 on Tuesday. September closed with an average of 335,669 units at $7,507,404.
Sagicor Select Financial Fund led trading with 26 percent of total volume in exchanging 2.82 million shares followed by Wigton Windfarm with 19.7 percent for 2.13 million units, Ciboney Group controlled 9.8 percent with 1.06 million units and Transjamaican Highway 9.4 percent after 1.01 million units changed hands.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments fell 49 cents to close at $94.99 with the swapping of 15,274 stocks, Eppley declined $2.01 to $35 in transferring 700 stock units. Eppley Caribbean Property Fund popped $5.33 to $42 in trading 300 units, Guardian Holdings spiked $15 to $540 after 2,060 stocks crossed the market, Jamaica Broilers shed 95 cents to close at $30 in switching ownership of 119,277 stock units. JMMB Group rallied 40 cents to $38 in trading 422,371 units, Kingston Wharves fell $1.65 to $43.35 with 42,459 shares clearing the market, NCB Financial gained 30 cents to $125.80 with 14,205 shares changing hands. 138 Student Living dipped 53 cents in closing at $4.55 in exchanging 68 shares, PanJam Investment fell 75 cents to $62.50 in trading 15,462 units, Portland JSX rose $1.26 to $10.20 with the swapping of 10,141 stock units, Scotia Group advanced $2.48 to $35.50 in transferring 37,120 stocks. Stanley Motta lost 39 cents in closing at $5.31 with an exchange of 62,150 stock units, Sygnus Credit Investments gained 48 cents to close at $18.48 in switching ownership of 132,157 shares and Sygnus Real Estate Finance lost 40 cents ending at $18 with 821 units changing hands.
In the preference segmentEppley 7.50% preference share rose 50 cents to close at $7.50 with a transfer of 87 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Slower JSE USD Market trading – Wednesday

On Wednesday, trading slowed sharply on the JSE US dollar market with the volume and value of shares exchanged declined by 88 percent and 58 percent, respectively, from Tuesday’s trading levels and ended stocks falling stocks just edging out those rising.
Five securities changed hands comedown from nine on Tuesday with prices of two stocks rising and three declining.
The JSE US Denominated Equities Index lost 0.47 points to end at 189.58. The PE Ratio, a measure that computes appropriate stock values, averages 11.4. The PE ratio of each stock is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to July 2022.
Overall, 181,322 shares traded, for US$34,276 down from 1,547,372 units at US$81,033 on Tuesday. Trading averaged 36,264 units at US$6,855, down from 171,930 shares at US$9,004 on Tuesday and the month to date averages 64,425 at US$5,508 versus 66,254 units at US$5,420 on Tuesday. September ended with an average of 853,681 units for US$132,197.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and two with lower offers.
In trading, First Rock Capital USD fell 0.35 of a cent to end at 6.65 US cents with 8,230 shares passing through the market, Proven Investments lost 0.01 of a cent to settle at 23.1 US cents with 81,610 units traded, Sygnus Credit Investments USD share dipped 2 cents to 11 US cents with a transfer of 85,021 stock units and Transjamaican Highway rose 0.14 of a cent to finish at 0.95 US cents with 944 stocks crossing the exchange.
In the preference segmentJMMB Group 6% inched one cent up to close at US$1.05 with 5,517 shares changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

 

Fractional pull back for Juniors

On Wednesday, trading volume and value differed moderately from Tuesday, leading the Jamaica Stock Exchange Junior Market into a mild fall after 38 securities changed hands compared to 37 on Tuesday and ending with 13 rising, 18 declining and seven, closing unchanged.

At the close, the Junior Market Index slipped 10.08 points to settle at 3,279.34, after opening at 3,343.21. The PE Ratio, a measure used to compute appropriate stock values averages 13. The PE ratio of each stock is shown in the chart below, is based on earnings forecasted by ICInsider.com for companies whose financial year ends up to July 2022.
Trading garnered 6,124,546 shares for $19,675,741 compared to 5,877,002 units at $21,013,738 on Tuesday .Limners and Bards led trading with 3.05 million shares for 49.8 percent of total volume, followed by Lumber Depot 690,002 units with 11.3 percent of the day’s trade and Mailpac Group with 553,692 units for 9 percent market share. There was an average of 161,172 units at $517,783 in contrast to an average of 158,838 at $567,939 on Tuesday. The average or the month to date amounts to 84,959,068 units at $296,570,085 in contrast to 182,066 units at $639,479.
Trading averaged 161,172 shares at $517,783 in contrast to 158,838 shares at $567,939 on Tuesday. Trading month to date, averages 180,380 units at $629,660, compared to 182,066 units at $639,479 on Tuesday. September closed with an average of 207,032 units at $668,264.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two with lower offers.
In trading, Access Financial declined $1.25 to $17.25 after exchanging 12,651 shares, AMG Packaging fell 18 cents to $1.75 while trading 358,000 stocks, as investors reacted to the release of full year results of 12 cents per share, up from 11 cents in 2020. Blue Power rose 26 cents to $3.31 after 69,451 units crossed the market, Cargo Handlers popped 20 cents to close at $8 in switching ownership of 672 stock units, Caribbean Assurance Brokers lost 8 cents and ended at $1.65 in an exchange of 32,751 units, Caribbean Cream shed 65 cents to end at $5.55, with 24,294 stocks clearing the market. Consolidated Bakeries dropped 12 cents at $1.61 while trading 2,000 shares, Dolphin Cove shed $2.05 to $8.20 after exchanging 5,000 stock units, Elite Diagnostic fell 12 cents in closing at $2.98 with 217,117 shares changing hands. Everything Fresh increased 8 cents to close at 96 cents after 1,206 stock units changed hands, Express Catering lost 13 cents to close at $4.77 trading 59,791 stocks, Fontana gained 9 cents to end at $6.45 with the swapping of 64,340 units. Fosrich climbed 10 cents to $8.20 in exchanging 950 units, Honey Bun fell 10 cents in closing at $8.60, with 620 shares crossing the market, Jamaican Teas rallied 8 cents to $4.38 with an exchange of 119,546 stocks. Lasco Distributors spiked 15 cents to end at $3.75 in trading 46,113 stock units, Lasco Financial declined 14 cents to close at $3.09, with 32,429 stocks changing hands, Main Event dropped 15 cents to $4.14 after exchanging 1,240 stock units. Stationery and Office Supplies shed 50 cents ending at $6 in trading 1,600 shares and tTech advanced 42 cents in closing at $4.67 after 3,090 units crossed the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE US$ market loses ground on Tuesday

Add your HTML code here...

Trading picked up on the JSE US Dollar market on Tuesday as the volume of shares traded rose by 35 percent from Friday after a sharp rise in monies passing through the market, as investors exchanged 94 percent more funds than Friday, but the market activity resulted in declining stocks just outnumbering rising ones.
Nine securities traded, compared to seven on Friday, with prices of three rising, four declining and two ending unchanged.
The US Denominated Equities Index fell 5.43 points to end at 190.05.
The PE Ratio, a measure that is used to compute appropriate stock values, averages 11.4. The PE ratio of each stock is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to July 2022.
Overall, 1,547,372 shares traded for US$81,033 compared to 1,143,039 units at US$41,711 on Friday. Trading averaged 171,930 units at US$9,004 compared to 163,291 shares at US$5,959 on Friday and the month to date averages 66,254 at US$5,420 versus 52,267 units at US$4,946 on Friday. September ended with an average of 853,681 units for US$132,197.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and two with lower offers.
At the close, First Rock Capital US share rose 0.35 of a cent to end at 7 US cents with investors switching ownership of 5,500 shares, Margaritaville fell half a cent to 9 US cents with 595,866 units traded, MPC Caribbean Clean Energy ended at US$1 with 38 stocks changing hands. Proven Investments dropped 1.6 cents to end at 23.11 US cents with 67,914 stock units passing through the market, Sygnus Credit Investments USD share shed 0.45 of a cent to settle at 13.45 US cents with a transfer of 25,100 shares, Sygnus Real Estate Finance USD share advanced 0.5 of a cent to 14.5 US cents with 1 unit traded and Transjamaican Highway declined by 0.16 of a cent to close at 0.81 of a US cent, with 852,781 stock unit crossing the exchange.
In the preference segmentJMMB Group 5.75% gained 22.5 cents to finish at US$1.725 with investors switching ownership of 14 stocks and JMMB Group 6% finished at US$1.04 with 158 shares changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Pull back in JSE Main Market

After closing on Monday for the public holiday, market activity resumed on Tuesday and ended with a sharp fall in the volume and value of shares trading as 76 percent fewer shares changed hands valued 65 percent less than on Friday, on the Jamaica Stock Exchange Main Market and leading to rising stocks exceeded those declining but with the market indices falling at the close.
A total of 4,884,545 shares traded for $52,813,077 down from 20,479,394 units at $151,854,299 on Friday. Transjamaican Highway led trading with 26.3 percent of total volume for an exchange of 1.28 million shares, followed by Ciboney Group with 20 percent after 979,186 units changed hands and Wigton Windfarm 12.7 percent after trading 620,768 units.
Trading averages 92,161 units at $996,473, versus 401,557 shares at $2,977,535 on Friday and month to date, an average of 240,412 units at $2,865,196, compared to 254,343 units at $3,040,805 on Friday. September closed with an average of 335,669 units at $7,507,404.
The All Jamaican Composite Index fell 1,959.88 points to 443,890.76, the JSE Main Index shed 1,325.80 points to 402,673.03 and the JSE Financial Index fell 0.94 points to settle at 97.09.
Trading ended with 53 securities compared to 51 on Friday, with 21 stocks rising, 12 declining and 20 ending unchanged. The PE Ratio, a measure used in computing appropriate stock values, averages 15.5. The PE ratio of each stock, shown in the chart below, is based on earnings forecasted by ICInsider.com for companies whose financial year ends up to July 2022.
Investor’s Choice bid-offer indicator shows 15 stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments spiked 50 cents in closing at $95.48 with an exchange of 33,360 shares, Berger Paints rallied 80 cents to $14.90 in trading 1,826 units, Caribbean Cement gained 39 cents to $118.39, with 11,972 stocks changing hands. Eppley Caribbean Property Fund lost 33 cents to close at $36.67 in switching ownership of 300 stock units, First Rock Capital dipped 25 cents to end at $12.40 in exchanging 16,070 units, GraceKennedy popped 60 cents to close at $99.84 in transferring 218,685 shares. Guardian Holdings dropped $25 to a 52 weeks’ low of $525 after exchanging 5,870 units, Jamaica Broilers rose 95 cents in ending at $30.95 after trading 3,148 stocks, JMMB Group fell 60 cents in closing at $37.60 with the swapping of 30,273 stock units. Kingston Wharves advanced $1.65 to end at $45 with 2,489 stocks changing hands, Margaritaville rose 70 cents in closing at $14.70 with an exchange of 251 shares, Mayberry Investments gained 48 cents to end at $5.99 with 21,664 units crossing the market. Mayberry Jamaican Equities rose 49 cents to $8.99 in an exchange of 950 stock units, NCB Financial declined $2.50 to close at $125.50 with 13,910 units clearing the market, Portland JSX gained 49 cents in ending at $8.94 after 36 shares crossed the exchange. Sagicor Real Estate Fund popped 40 cents to end at $8.40 in switching ownership of 357 stocks, Scotia Group declined $3.63, ending at a 52 weeks’ low of $33.02 in trading 148,478 stocks, making it an interesting stock to watch and Seprod gained 55 cents to close at $63.80 in a transfer of 11,013 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading drops on junior Market

The number of securities trading rose sharply on Tuesday, but the volume of stocks traded declined 18 percent and the value fell 19 percent below Friday levels on the Jamaica Stock Exchange Junior Market and resulting in a fall in the market index.
Market activity led to 37 securities trading compared to 31 on Friday and ended with ten rising, 16 declining and 11 closing unchanged.
The Junior Market Index shed 35.98 points to 3,288.42. The PE Ratio, a measure used to compute appropriate stock values, averages 13.5. The PE ratio of each stock is shown in the chart below, is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to July 2022.
Trading ended with 5,877,002 shares changing hands for $21,013,738 down from 7,139,761 units at $25,836,483 on Friday. Mailpac Group led trading with 4.38 million shares for 74.5 percent of total volume, followed by Future Energy Source with 490,153 units for 8.3 percent of the day’s trade and Limners and Bards 213,465 units with a 3.6 percent market share.
Trading averaged 158,838 shares at $567,939 in contrast to 230,315 shares at $833,435 on Friday. Trading month to date, averages 182,066 units at $639,479, compared to 184,236 units at $646,163 on Friday. September closed with an average of 207,032 units at $668,264.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and five with lower offers.
At the close, Blue Power shed 15 cents to end at $3.05, with 21,083 shares crossing the market, Cargo Handlers rallied 80 cents to $7.80 while exchanging 990 stock units, Caribbean Cream dipped 5 cents to $6.20 trading 1,750 units. Caribbean Flavours advanced 6 cents in closing at $1.95 after trading 3,131 stocks, Elite Diagnostic rose 10 cents to $3.10 with 10,500 stock units changing hands, Everything Fresh dropped 8 cents to 88 cents after exchanging 9,067 shares. Express Catering fell 5 cents to close at $4.90, with 6,500 units crossing the exchange, Fontana lost 32 cents to end at $6.36 in switching ownership of 44,245 stocks, Fosrich declined 10 cents to $8.10, with 15,806 units changing hands. Iron Rock Insurance spiked 49 cents to $3.79 with an exchange of 100 stock units, Jamaican Teas dropped 5 cents to close at $4.30 with the swapping of 80,017 stocks, Knutsford Express popped 60 cents to $8.10, trading 2,243 shares. Lasco Manufacturing lost 10 cents in closing at $4.50 in an exchange of 39,219 stock units, Limners and Bards fell 11 cents to $3.51, with 213,465 shares clearing the market, Lumber Depot climbed 8 cents to end at $2.91 after exchanging 177,643 units. Main Event increased 29 cents, ending to $4.29, with 7,478 stocks crossing the market, Medical Disposables shed 25 cents to close at $5 in switching ownership of 55,000 shares and Tropical Battery lost 9 cents to end at $1.26, with 10,000 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Kremi out Lumber Depot in ICTOP10

Caribbean Cream, with its Kremi brand of ice cream, reported disappointing second quarter results and fell out of the TOP 10 with full year earnings down to 65 cents, allowing Lumber Depot to return to the Junior Market ICTOP10. No other company moved in or out of the ICTOP10 stocks, valued at half that of the two overall markets.
Caribbean Cream half year’s results saw a modest 5 percent increase in sales in the second quarter, well below the first quarter increase of 28 percent, but cost rose above that of 2020, leaving a small profit of $7 million for the August quarter. The company’s management attributed the performance primarily to the no-movement days in operation during the quarter that curtailed sales. Knutsford Express returned to profit in the quarter of $9.2 million, from a loss in 2020 for the August quarter on improved revenues of $233 million from $122 million in 2020 but well off the $325 million in 2019. Paramount Trading had marginal movement in revenues for the August quarter of $369 million from $362 million in 2020, with a profit of $19 million versus $15 million in 2020.
Now that we are in the final quarter for 2021, many companies valuations will climb between now and early next year to further discount the current year’s earnings. Some stocks may therefore appear fully priced or close.  Investors should keep eyes on both this and next year’s earnings to determine the appropriate valuation of each stock and whether to hold or fold. The 80/20 rule of trading stocks should be ever present as the long 40 year history of the local market shows that only two out of each of the top ten stocks in a year repeat in the following while 4 out of 10 of the worst performing stocks end up as winners in the succeeding year. The lesson is that many of the top stocks for 2021 will not make it in 2022.
Elsewhere, in the Junior Market, AMG Packaging price bounced around in the week but closed at $1.93, Caribbean Assurance Brokers rallied 7 percent, from $1.63 to $1.75, Dolphin Cove rose from $9.69 to $10.25 and Stationery and Office Supplies moved up by 8 percent from $6 to $6.50.
In the Main Market, Guardian Holding fell from $577 to $550, Sygnus Credit Investment popped 5 percent from $16.96 to $17.80, to be up 11 percent in two weeks and Sterling Investments slipped 8 percent from $3.01 to $2.76. The latter two are flashing strong signals of higher prices ahead as active supplies on the sell side in the market are moderate.
The top three Main Market stocks are Caribbean Producers which is consolidating around $7, followed by Berger Paints and Guardian Holdings, with expected gains of 235 to 256 percent versus last weeks’ 219 to 264 percent.
The top three stocks in the Junior Market are Elite Diagnostic, followed by General Accident and Access Financial. All three have the potential to gain between 220 and 300 percent, down from 230 percent and 304 percent previously.
The average gains projected for the TOP 10 Junior Market stocks moved from 210 percent to 200 percent and Main Market stocks from 170 percent to 173 percent.
The Junior Market closed the week, with an average PE 13.4 based on ICInsider.com’s updated 2021-22 earnings and currently well below the target of 20 and the historical average of 17, for the period to March this year, based on 2020 earnings. The TOP 10 stocks trade at a PE of 6.8, with a 51 percent discount to that market’s PE.
The overall Junior Market can gain 49 percent to March next year, based on an average PE of 20 and 27 percent based on an average PE of 17. Nine stocks representing 25 percent of all Junior Market stocks with positive earnings are trading at or above this level, up from five last week, indicating that many others will rise above the 17 mark in the weeks ahead.
The average PE for the JSE Main Market is 15.4, 23 percent less than PE of 19 at the ended of March and 30 percent below the targeted PE of 20 to March 2022. The Main Market TOP 10 average PE is 7.7, representing a 50 percent discount to the market and  well below the potential of 20.  A total of 10 stocks or 22 percent of the market trade at or above a PE of 19, with most over 20, for an average PE of 25.5, suggesting that the accepted multiple may be around 25 times the current year’s earnings.
ICTOP10 is not intended to select the best stocks in the market but ones that are most likely to be the largest winners within a fifteen month period. ICInsider.com ranks stocks to highlight the winners from the rest, allowing investors to focus on potential winners, helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on possible increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. Revisions to earnings per share are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

Surge in trading & market index

Trading volume of shares surged 409 percent valued 1.099 percent more than trading activity on Thursday, leading the market index to jump on Friday as market activity closed out the week on the Jamaica Stock Exchange US dollar market.  
Trading ended with seven securities changing hands, compared to eight on Thursday, with three rising, three declining and one ending unchanged.
The JSE US Denominated Equities Index climbed 7.43 points to 195.48. Overall, 1,143,039 shares traded for US$41,711 compared to 224,378 units at US$3,479 on Thursday.
The PE Ratio, a measure that computes appropriate stock values, averages 11.8. The PE ratio of each stock is based on forecasted earnings for each company by ICInsider.com, with the financial year end, up to July 2022.
Trading averaged 163,291 units at US$5,959, compared to 28,047 shares at US$435 on Thursday and month to date averages 52,267 at US$4,946 versus 39,526 units at US$4,830 on Thursday. September ended with an average of 853,681 units for US$132,197.
Investor’s Choice bid-offer indicator shows one stock ended with a higher bid than the last selling price and one with a lower offer.
At the close, First Rock Capital US share dropped 0.28 of a cent in closing at 6.65 US cents after exchanging 23,089 shares, Proven Investments popped 1.61 cents to end at 24.71 US cents after trading at 39,822 stocks, Sterling Investments remained at 2.09 US cents while exchanging 22 units. Sygnus Credit Investments US share lost 0.012 of a cent to close at 13.45 US cents with 100 stock units changing hands and Transjamaican Highway rallied 0.14 of a cent to 0.97 of a US cent with 1,069,998 stocks crossing the exchange.
In the preference segmentEquityline Mortgage Investment preference share rose 9.9 cents to close at US$1.999 in trading 47 units and JMMB Group 5.75% fell 30.3 cents to US$2.02 trading 9,961 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Modest gains for JSE main market

On Friday, trading activity ended on the Jamaica Stock Exchange Main Market, with the volume of shares trading 216 percent higher and the value rising 263 percent above that on Thursday as rising stocks edged out those declining.
The All Jamaican Composite Index advanced 507.43 points to settle at 445,850.64, the JSE Main Index shed 707.68 points to 403,998.83 and the JSE Financial Index rose 0.02 points to end at 98.03.
Trading ended with 51 active securities versus 49 on Thursday, with 20 rising, 18 declining and 13 ending unchanged.
The PE Ratio, a measure used in computing appropriate stock values, averages 15.4. The PE ratio of each stock, shown in the chart below, is based on earnings forecasted by ICInsider.com for companies whose financial year ends up to April 2022.
Trading ended with 20,479,394shares changing hands for $151,854,299versus 6,487,990 units at $41,885,146 on Thursday. Mayberry Jamaican Equities led trading with 48.8 percent of total volume in exchanging 10.0 million shares, followed by Wigton Windfarm with 19.8 percent for 4.05 million units and Ciboney Group with 7 percent for 1.43 million units changing hands.
Trading averages 401,557 units at $2,977,535, compared to 132,408 shares at $854,799 on Thursday and month to date, an average of 254,343 units at $3,040,805, compared to 239,708 units at $3,047,095 on Thursday. September closed with an average of 335,669 units at $7,507,404.
Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and one ending with a lower offer.
At the close, Barita Investments fell $2.02 to $94.98 in exchanging 22,912 shares, Berger Paints shed 83 cents to end at $14.10 in trading 13,099 stock units, Jamaica Broilers lost 50 cents in closing at $30 with the swapping of 45,696 units. Jamaica Producers rallied 40 cents to $22 after 10,810 stocks cleared the market, JMMB Group spiked 58 cents to $38.20 in trading 440,772 stock units, Kingston Wharves fell $1.65 to $43.35 after exchanging 3,110 shares. Margaritaville rose 60 cents to $14 in switching ownership of 1,600 stocks, Mayberry Jamaican Equities lost 48 cents to finish at $8.50 with the swapping of 10,000,000 units, NCB Financial rallied $2 to end at $128 in trading 20,442 units. Palace Amusement dropped $74 in ending at $950 with seven stock units changing hands, PanJam Investment dipped 25 cents to $63.25 with 3,295 stocks crossing the exchange, Portland JSX rose $1.95 to $8.45 after ownership of 4,635 shares shifted. Proven Investments gained 38 cents after ending at $33.48, with 3,710 units crossing the market, Sagicor Group advanced $1.97 to $53 with an exchange of 111,784 shares, Sagicor Real Estate Fund lost 50 cents to settle at $8 in trading 15,450 stock units. Scotia Group popped 55 cents to $36.65 with 75,005 stocks crossing the market, Seprod advanced $1.25 in closing at $63.25 with a transfer of 48,064 stock units, Sygnus Credit Investments gained 63 cents to end at $17.80 with 281,612 units changing hands and Sygnus Real Estate Finance gained 40 cents to close at $18.40 in switching ownership of 98 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Winning week for Junior Market stocks

The Jamaica Stock Exchange Junior Market closed trading on Friday, with the volume and the value of stocks changing hands climbing 69 and 65 percent, respectively, over Thursday’s trades and leading the market to close higher for the day and the week. 
On Thursday, investors traded 31 securities down from 36, with 12 rising, 11 declining, and eight closing unchanged.
The Junior Market Index rose 20.06 points to end at 3,325.40. The PE Ratio, a measure used to compute appropriate stock values, averages 12.9.  he PE Ratio of each stock shown in the chart below is based on earnings calculated by ICInsider.com for companies whose financial year ends up to July 2022.
Trading ended with 7,139,761 shares for $25,836,483, down from 4,213,606 units at $15,623,313 on Thursday. Jamaican Teas led trading with 3.76 million shares to control 52.6 percent of total volume traded, followed by Lumber Depot 1.13 million units for 15.8 percent of the day’s trade and iCreate 588,458 units for 8.2 percent market share.
Trading averaged 230,315 shares at $833,435 versus 117,045 shares at $433,981 on Thursday. Trading month to date, averages 184,236 units at $646,163 compared to 180,323 units at $630,258 on Thursday. September closed with an average of 207,032 units at $668,264.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial dropped 40 cents to close at $18.50 in exchanging 1,000 shares, AMG Packaging advanced 5 cents in ending at $1.93 after trading 219,926 stocks, Blue Power lost 18 cents in closing at $3.20 in an exchange of 5,364 units. Caribbean Cream fell 15 cents to $6.25 with 157,291 stock units changing hands, Caribbean Flavours declined 7 cents to end at $1.89 with the swapping of 40,034 stock units, Consolidated Bakeries spiked 18 cents to $1.73 in trading 2,023 shares. Derrimon Trading shed 6 cents in closing at $2.29 after 234,957 units crossed the market, Express Catering dropped 5 cents to end at $4.95 with 5,203 stocks changing hands, Fontana increased 28 cents to close at $6.68, with 21,423 stocks clearing the market. iCreate rose 10 cents to 99 cents in switching ownership of 588,458 stock units, Jamaican Teas climbed 20 cents to $4.35, with 3,755,020 shares crossing the exchange, Knutsford Express fell 60 cents to $7.50 while exchanging 2,330 units. Lasco Financial popped 6 cents to end at $3.24 while trading 76,488 units, Limners and Bards climbed 12 cents to $3.62, with 64,746 stock units crossing the market, Mailpac Group declined 9 cents to close at $3.76 trading 186,639 stocks. Main Event rallied 24 cents to $4 after trading 520 shares and tTech dipped 53 cents to $4.25 with an exchange of 3,629 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.