Many more stocks rose than fell Tuesday

More than 56 percent of stocks trading on Tuesday rose, beating out those declining by a wide margin, but did not prevent the market indices from slipping at the close of the Jamaica Stock Exchange, with the volume of stocks traded rising 19 percent and the value up 37 percent over Monday.
Trading ended with 57 securities compared to 56 on Monday, with 32 rising, 20 declining and five ending unchanged.
The All Jamaican Composite Index dropped 1,610.72 points to 454,926.70, the JSE Main Index 1,340.20 points to close at 396,480.50 and the JSE Financial Index fell 0.81 points to  93.91.
The PE Ratio, a formula for computing appropriate stock values, averages 15. The JSE Main and USD Market PE ratios are computed using earnings forecasted by ICInsider.com’s for companies with financial years ending up to August 2023.
Overall, 16,623,237 shares were exchanged for $309,172,008 versus 13,950,999 units at $225,110,985 on Monday. Trading averages 291,636 units at $5,424,070, compared to 249,125 shares at $4,019,839 on Monday and month to date, an average of 242,711 units at $4,381,084, compared to 238,191 units at $4,284,731 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 3.38 million shares for 20.3 percent of total volume, followed by JMMB Group with 2.86 million units for 17.2 percent of the day’s trade, Transjamaican Highway traded 1.58 million units for 9.5 percent of market share. Sagicor Group chipped in with 1.32 million units for 7.9 percent market, Wigton Windfarm with 1.24 million units for 7.5 percent share and Carreras with 1.09 million units for 6.5 percent of the day’s trade.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and four stocks with lower offers.
At the close, Barita Investments rose 86 cents to $89.90 after exchanging 22,699 shares, Caribbean Cement fell $2.20 to close at $64.80 after trading 102,605 stocks, Caribbean Producers shed $1.53 to $15.44, with an exchange of 332,609 stock units. Eppley advanced $2.10 to end at $48, trading 1,874 units, GraceKennedy popped 50 cents in closing at $109, with 128,518 shares changing hands, Guardian Holdings gained $2.50 to close at $515 with the swapping of 19,135 units. Jamaica Broilers climbed 60 cents to $28.40 in trading 14,231 stocks, Jamaica Producers gained 50 cents to $23.10 after exchanging 34,059 stock units, Jamaica Stock Exchange declined $1.30 to $20.70, with 131,470 stock units crossing the market. JMMB Group dropped $2 to end at $46 in an exchange of 2,858,891 shares, Kingston Properties lost 38 cents at $8.30 in switching ownership of 16,369 units, Kingston Wharves declined 40 cents in closing at $39.05, with 1,152 stocks clearing the market. Massy Holdings fell $2.50 to $94 with an exchange of 3,851 shares, Mayberry Investments shed $1.30 to close at $11.50, with 590,935 stocks changing hands, MPC Caribbean Clean Energy rallied $13.99 to end at $109 while exchanging 34 stock units. NCB Financial lost $2.15 in closing at $109.11 after 27,271 units crossed the market, Palace Amusement dropped $164.02 to $955 in exchanging 764 units, PanJam Investment fell 50 cents to  $66 after an exchange of 24,981 stock units. Sagicor Group shed 70 cents to end at $55 in switching ownership of 1,316,087 stocks, Seprod increased 51 cents to $72 while exchanging 8,283 shares and Supreme Ventures rallied $2.20 in closing at $31.50 after trading 156,869 shares.

Sygnus Real Estate Finance lost $1.70 to $15.10 after 5,150 units changed hands and Wisynco Group declined 45 cents to $22.50 in trading 654,361 stocks.
In the preference segmentEppley 7.50% preference share popped 82 cents to end at $7.02 with the swapping of 44 stock units, Jamaica Public Service 9.5% advanced $500 to close at $3100 in trading 50 shares and Productive Business Solutions 9.75% preference share gained $5.99 to $114.24 in an exchange of 6 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE stocks retreat on Monday

Stocks ended trading on Monday, with prices softening as the volume exchanged climbed 45 percent and the value rose 150 percent over Friday’s trade on the Jamaica Stock Exchange main market as the market indices plunged at the close after Mayberry Investment traded at a record high of $14.15 and Proven Investment posted at 52 weeks’ high of $39.
The All Jamaican Composite Index lost 5,145.63 points to close at 456,537.42, the JSE Main Index and the JSE Financial Index dipped 0.68 points to settle at 94.72.
A total of 56 securities traded up from 54 on Friday, with 23 rising, 29 declining and four ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 15. 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, 13,950,999 shares were exchanged for $225,110,985 versus 9,627,205 units at $89,895,589 on Friday. Trading averages 249,125 units at $4,019,839, compared to 178,282 shares at $1,664,733 on Friday and month to date, an average of 237,807 units at $4,278,04, compared to 236,679 units at $4,303,740 on the previous trading day. April closed with an average of 532,209 units at $5,709,319.
JMMB Group led trading with 1.82 million shares for 13 percent of total volume, followed by Transjamaican Highway with 1.60 million units for 11.5 percent of the day’s trade, Sagicor Select Financial Fund ended with 1.29 million units for 9.3 percent of market share, after the price hit a 52 weeks’ intraday low of 40 cents. Wigton Windfarm traded 1.16 million units for 8.3 percent market share and Sterling Investments, 1.06 million units for 7.6 percent market share.
Investor’s Choice bid-offer indicator shows12 stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments shed 86 cents to close at $89.04 in trading 26,551 shares, Caribbean Cement rose $6 to $67 after exchanging 222,528 stock units, Caribbean Producers lost 73 cents in closing at $16.97 after exchanging 191,544 units. Eppley Caribbean Property Fund dropped $6.98 to $40.52, with 650 stocks clearing the market, First Rock Capital fell 90 cents to $12.30, with 13,407 stock units crossing the market, GraceKennedy gained $1 to end at $108.50 with the swapping of 88,096 stocks. Guardian Holdings dropped $17.50 to $512.50, with400 units crossing the market, Jamaica Broilers lost 90 cents to close at $27.80 after trading 16,947 shares, Jamaica Producers declined 50 cents in closing at $22.60, with 13,939 stocks changing hands. Jamaica Stock Exchange dropped $1.98 in ending at $22 in an exchange of 21,406 units, JMMB Group advanced $1 to close at $48 with 1,815,612 shares changing hands, Margaritaville fell $2.50 to $21 while exchanging 1,000 stock units. Massy Holdings climbed 50 cents in closing at $96.50 in swapping ownership of 49,892 units, Mayberry Investments popped $1.78 to end at a 52 weeks’ closing high of $12.80 in switching ownership of 806,030 stock units, Mayberry Jamaican Equities gained 52 cents in ending at $15.51 after trading 34,368 shares. MPC Caribbean Clean Energy shed $12.25 to end at $95.01 after two shares crossed the exchange, NCB Financial declined $3.74 to $111.26 in trading 18,616 shares, PanJam Investment rallied 49 cents to end at $66.50 after exchanging 10,934 units. Portland JSX gained $2.05 to $10.70, with 44 stocks crossing the market, Sagicor Group shed $2.29 to close at $55.70 while exchanging 345,058 stock units, Salada Foods dipped 34 cents in closing at $5.65, with 36,336 units clearing the market. Seprod lost 36 cents to end at $71.49 with an exchange of 284,297 stocks, Supreme Ventures fell $2.65 in ending at $29.30 after exchanging 731,793 stock units, Victoria Mutual Investments fell 34 cents to close at $5.75, trading 486,693 shares and Wisynco Group advanced 82 cents to $22.95 with an exchange of 188,824 shares.
In the preference segmentEppley 7.25% preference share shed $2.49 in ending at $20.01 after exchanging 200 units, Eppley 7.50% preference share dropped $1.22 to end at $6.20, with 4,102 stock units changing hands and Eppley 7.75% preference share lost 39 cents in closing at $20 trading 5,619 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE Main Market rises

Market activity ended on Friday, with the volume of stocks traded declining 53 percent and the value dropping 82 percent lower than on Thursday on the Jamaica Stock Exchange Main Market as rising stocks exceeded those falling.
The All Jamaican Composite Index rallied 2,855.20 points to close at 461,683.05, the JSE Main Index rose 2,101.59 points to 402,589.33 and the JSE Financial Index popped 0.90 points to settle at 95.40.
Trading ended with 54 securities down from 57 on Thursday, with 24 rising, 21 declining and nine ending unchanged. Caribbean Cement closed trading at a 52 weeks’ low of $60 and Key Insurance traded at an intraday 52 weeks’ low of $3.81, while Mayberry Investments closed at a 52 weeks’ high of $11.02.
The PE Ratio, a formula for computing appropriate stock values, averages 15.4. 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.
Overall, 9,627,205 shares were exchanged for $89,895,589 down from 20,316,947 units at $488,632,009 on Thursday. Trading averages 178,282 units at $1,664,733, compared to 356,438 shares at $8,572,491 on Thursday and month to date, an average of 228,535 units at $4,080,209, compared to 242,886 units at $4,584,264 on the previous trading day. April closed with an average of 532,209 units at $5,709,319.
Transjamaican Highway led trading with 3.52 million shares for 36.5 percent of total volume, followed by Wigton Windfarm with 1.37 million units for 14.3 percent of the day’s trade and Mayberry Investments with 679,319 units for 7.1 percent market share.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Barita Investments popped 55 cents to close at $89.90 with an exchange of 4,192 shares, Berger Paints advanced $1.09, in closing at $12.29 in an exchange of  6,706 stocks, Caribbean Cement lost $2.99 to end at $61, with 153,079 units crossing the exchange. Eppley Caribbean Property Fund gained $5.20 in ending at $47.50, with 15 stock units changing hands, First Rock Capital rose 80 cents to $13.20 after trading 21,749 stocks, GraceKennedy dropped $3 to $107.50 with 182,889 stock units changing hands. Guardian Holdings climbed $15 in ending at $530, with 1,095 shares crossing the market, JMMB Group rose $1 to close at $47 after 139,940 units changed hands, Massy Holdings fell $1 in closing at $96 while exchanging 17,368 shares. Mayberry Investments rallied $2.22 to end at $11.02 in trading 679,319 stocks, Mayberry Jamaican Equities shed 53 cents to end at $14.99, with 10,394 units clearing the market, 138 Student Living popped 60 cents to $5 after exchanging one stock unit. Palace Amusement advanced $169.02 to $1119.02 in trading five stocks, PanJam Investment declined 99 cents to $66.01 in trading 7,276 shares, Proven Investments increased $1.28 to close at $37.78 with the swapping of 22,311 stock units. Sagicor Group gained $2.99 to end at $57.99 in switching ownership of 118,389 units, Salada Foods climbed 33 cents in ending at $5.99 after exchanging 3,457 shares, Scotia Group declined $1.73 to close at $35.11 after 54,533 stocks changed hands. Seprod lost 64 cents to close at $71.85, trading 2,767 units, Stanley Motta rose 37 cents to $5.40, with 2,000 stock units changing hands, Supreme Ventures rallied 95 cents to $31.95 in trading 64,951 stocks and Wisynco Group fell $1.27 to close at $22.13, with 374,662 units crossing the market.
In the preference segmentEppley 7.50% preference share climbed 80 cents to $7.42 in an exchange of 450 stock units and JMMB Group 7.25% preference share dropped 60 cents to $2.85 while exchanging 7,071 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE Main Market drops

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Market activity ended on Thursday, with the volume of stocks traded rising 54 percent and the value 455 percent more than on Wednesday at the close of the Jamaica Stock Exchange Main Market as rising stocks were edged out by those declining.
The All Jamaican Composite Index lost 2,109.81 points to settle at 458,827.85, the JSE Main Index declined 1,867.86 points to close at 400,487.74 and the JSE Financial Index remained unchanged at 94.50.
Trading ended with 57 securities compared to 55 on Wednesday, with 21 rising, 24 declining and 12 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 14.5. 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, 20,316,947 shares were exchanged for $488,632,009 versus 13,212,264 units at $88,081,914 on Wednesday. Transjamaican Highway led trading with 5.40 million shares for 26.6 percent of total volume, followed by Wigton Windfarm with 2.90 million units for 14.3 percent of the day’s trade, Productive Business Solutions 9.75% preference share chipped in with 2.88 million units for 14.2 percent market share, Sagicor Select Financial Fund with 1.84 million units for 9.1 percent market share and QWI Investments with 1.38 million units for 6.8 percent market share.
Trading averages 356,438 units at $8,572,491, compared to 240,223 shares at $1,601,489 on Wednesday and month to date, an average of 242,886 units at $4,584,264, compared to 228,534 units at $4,080,209 on the previous trading day. April closed with an average of 532,209 units at $5,709,319.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments shed 55 cents to end at $89.35 in exchanging 5,007 shares, Berger Paints lost $1.05 in closing at $11.20, with 2,789 stocks crossing the exchange, Caribbean Cement declined $1.01 to $63.99, with 10,812 units clearing the market. Caribbean Producers fell 67 cents to end at $17.83 with an exchange of 913,139 stock units, Eppley advanced $1 to $46 while exchanging 454 units, Eppley Caribbean Property Fund increased 30 cents to end at $42.30 in switching ownership of 1,789 stock units. GraceKennedy lost $1.99 to $110.50 in trading 126,197 shares, Jamaica Broilers climbed $1.48 to close at $28.50, with 58,631 stocks changing hands, JMMB Group dropped 50 cents in closing at $46 after exchanging 214,420 units. Key Insurance fell 65 cents to $4.05 and closed with an exchange of 460,091 shares, Massy Holdings slipped 50 cents to $97, with 28,231 stock units crossing the market, MPC Caribbean Clean Energy rallied $15.26 in ending at $107.26 after trading 46 stocks. NCB Financial popped $3 in closing at $115 in an exchange of 129,265 units, 138 Student Living shed 85 cents to end at $4.40, with 898,887 stocks crossing the market, Palace Amusement declined $169.02 to close at $950 in exchanging 11 shares. PanJam Investment gained $1 to $67 with the swapping of 831,574 stock units, Sagicor Group declined $1.50 to end at $55 after trading 22,168 stocks, Salada Foods shed 38 cents in ending at $5.66 while exchanging 5,525 shares. Scotia Group rose 75 cents to $36.84 after exchanging 146,609 units, Supreme Ventures advanced 99 cents to close at $31 with an exchange of 290,748 stock units, Sygnus Credit Investments fell 50 cents to $16.50, with 123,725 shares crossing the market and Sygnus Real Estate Finance popped $1.64 to $16.80 after exchanging 5,200 units.
In the preference segmentProductive Business Solutions 9.75% preference share rallied $1.25 to $108.25, closing after 2,877,023 stocks changed hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE Main Market ekes out gains

On Wednesday, the value of funds flowing into the Jamaica Stock Exchange Main Market plunged 71 percent lower than Tuesday trade and led to a minor fall in the volume of stocks changing hands, with the market closing after declining stocks exceeded those rising.
The All Jamaican Composite Index rallied 506.16 points to 460,937.66, the JSE Main Index rose 667.03 points to 402,355.60 and the JSE Financial Index popped 0.18 points to settle at 94.50.
Trading ended with 55 securities compared to 53 on Tuesday, with 19 rising, 27 declining and nine ending unchanged.
Caribbean Cement closed at a 52 weeks’ low of $65, Mayberry Investments traded at an intraday 52 weeks’ high of $10 and Sterling Investments traded at an intraday 52 weeks’ low of $2.52.
The PE Ratio, a formula 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, 13,212,264 shares were exchanged for $88,081,914 versus 13,994,073 units at $299,292,536 on Tuesday. Trading averages 240,223 units at $1,601,489, compared to 264,039 shares at $5,647,029 on Tuesday and month to date, an average of 228,534 units at $4,080,209, compared to 226,911 units at $4,424,476 on the previous trading day. April closed with an average of 532,209 units at $5,709,319.
Wigton Windfarm was the top traded stock with 3.97 million shares for 30.1 percent of total volume, followed by Transjamaican Highway with 2.14 million units for 16.2 percent of the day’s trade, Pulse Investments chipped in with 1.91 million units for 14.4 percent market share and Sagicor Select Financial Fund exchanged 1.42 million units for 10.7 percent market share.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Caribbean Cement fell $1.50 to end at a closing 52 weeks’ low of $65 after trading at an intraday low of $60, with 294,882 shares changing hands, Carreras declined 15 cents to end at $9.80 in switching ownership of 227,026 stocks, Eppley shed $5.50 to close at $45 after an exchange of 542 units. Eppley Caribbean Property Fund advanced $2 in closing at $42 while exchanging 1,040 stock units, First Rock Capital lost 53 cents to end at $12.40 in trading 9,527 shares and GraceKennedy dropped $1.51 in closing at $112.49 in exchanging 9,851 stock units. Guardian Holdings rallied $4.99 to close at $515 after 15,264 stocks changed hands, Jamaica Broilers lost $1.48 to end at $27.02 after exchanging 29,977 units, Jamaica Producers rose 90 cents to $23.50, with 18,483 stocks crossing the exchange. JMMB Group declined 99 cents to $46.50, with 140,169 stock units crossing the market, Key Insurance increased 33 cents to $4.70 after exchanging 367,349 shares, Kingston Wharves shed 60 cents ending at $39.40, with 6,866 units crossing the market. Massy Holdings dropped 55 cents to close at $97.50 with the swapping of 1,323 stock units, Mayberry Investments fell 10 cents to end at $9 after exchanging 442,970 units, Mayberry Jamaican Equities gained 57 cents in closing at $15.58, with 69,259 stock units clearing the market. NCB Financial fell $4.90 to $112 with an exchange of 89,197 shares, Palace Amusement popped $159.02 in closing at $1119.02 trading five stocks, Portland JSX declined $2.05 to $8.65 after investors cleared the market of 1,500 shares. Proven Investments lost $1.77 to close at $36.21, with 10,782 stock units changing hands, Pulse Investments dropped 13 cents to $3.85, with 1,907,657 units crossing the exchange, Sagicor Group shed 50 cents to $56.50 in an exchange of 9,681 stock units. Scotia Group climbed $1.06 in closing at $36.09 after trading 6,536 units, Seprod dropped 51 cents to end at $72.49, with 18,923 stocks crossing the market, Stanley Motta lost 42 cents in ending at $5.03 after exchanging 13,642 shares. Supreme Ventures shed 99 cents to close at $30.01 with the swapping of 157,225 stock units, Sygnus Credit Investments climbed 50 cents to end at $17, with 59,533 stocks crossing the market, Victoria Mutual Investments fell 10 cents to $6 after exchanging 112,291 units and Wisynco Group popped 40 cents to close at $23.40 while trading 81,340 shares.
In the preference segmentCommunity & Workers Credit Union declined 15 cents to $1.80 in switching ownership of 63,678 units, Jamaica Public Service 9.5% shed $400 in closing at $2600 with an exchange of 314 shares and JMMB Group 7.25% preference share rose 60 cents in closing at $3.45 after trading 13 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE Main Market bounces

Market activity ended on Tuesday, with the stock volume slipping mildly after the value declined 22 percent from Monday’s trade on the Jamaica Stock Exchange Main Market as falling stocks exceeded those gaining, but the market index rose.
The All Jamaican Composite Index gained 2,354.48 points to settle at 460,431.50, the JSE Main Index added 1,043.96 points to end at 401,688.56 and the JSE Financial Index popped 0.93 points to settle at 94.32.
Trading ended with 53 securities compared to 59 on Monday, with 23 rising, 25 declining and five ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 14.8. 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, 13,994,073 shares were exchanged for $299,292,536 versus 14,230,271 units at $381,343,934 on Monday. Transjamaican Highway led trading with 2.10 million shares for 15 percent of total volume followed by QWI Investments with 2.07 million units for 14.8 percent of the day’s trade, Sagicor Select Financial Fund chipped in with 1.98 million units for 14.1 percent market share and GraceKennedy, 1.83 million units for 13.1 percent market share.
Trading averages 264,039 units at $5,647,029, compared to 241,191 shares at $6,463,457 on Monday and month to date, an average of 226,911 units at $4,424,476, compared to 221,174 units at $4,235,568 on the previous trading day. April closed with an average of 532,209 units at $5,709,319.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and eight stocks with lower offers.
At the close, Caribbean Cement dropped $1.50 ending at $66.50 in switching ownership of 46,616 shares, Eppley fell $1.96 in closing at $50.50 after 326 stock units were traded, Eppley Caribbean Property Fund shed $8.99 to close at $40 in an exchange of 320 units. GraceKennedy advanced $4 to end at $114 after exchanging 1,834,021 stocks, Guardian Holdings dipped $9.99 to $510.01 in exchanging 1,285 stocks, Jamaica Broilers lost 30 cents in closing at $28.50 after clearing the market with 3,910 shares. Jamaica Producers shed $1.25 to $22.60, trading 882 stock units, JMMB Group rallied 49 cents to end at $47.49 after 190,395 units passed through the market, Massy Holdings dropped 93 cents ending to $98.05 with the swapping of 10,146 shares. Mayberry Jamaican Equities declined 98 cents to close at $15.01 in trading 55,035 stocks, NCB Financial popped $10.25 to $116.90, with 122,398 stock units changing hands, 138 Student Living increased $1.20 to close at $5.25 in trading 97,496 units. Palace Amusement rose $10 in closing at $960 with an exchange of 156 units,PanJam Investment lost 50 cents to end at $66, with 44,331 stock units crossing the exchange, Proven Investments gained 43 cents to end at $37.98 after 80,732 stocks crossed the market. Sagicor Group climbed $2 in closing at $57 while exchanging 1,433 shares, Seprod fell 80 cents to end at $73 in an exchange of 55,933 stock units, Supreme Ventures lost 49 cents in ending at $31 while exchanging 88,113 stocks. Sygnus Credit Investments fell 30 cents to close at $16.50 with the swapping of 94,926 shares, Sygnus Real Estate Finance shed $1.64 to $15.16 after finishing trading of 5,398 units and Wisynco Group declined 80 cents to end at $23 after exchanging 628,146 shares.
In the preference segmentEppley 7.50% preference share climbed 60 cents to $6.62, with 150 stock units crossing the market and JMMB Group 7.25% preference share dropped 99 cents to close at $2.85 in trading 1,554 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE Main Market slides

Market activity ended on Monday on the Jamaica Stock Exchange Main Market, with the volume of stocks traded rising 33 percent and the value jumping 253 percent over Friday as the market pulled back at the close with falling stocks having the upper hand.
The All Jamaican Composite Index fell 1,039.72 points to settle at 458,077.02, the JSE Main Index fell 1,070.82 points to 400,644.60 and the JSE Financial Index added 0.06 points to settle at 93.39.
Trading ended with 59 securities compared to 56 on Friday, with 18 rising, 25 declining and 16 ending unchanged. Three stocks ended at 52 weeks’ closing highs, with Eppley closing at $52.46, followed by Jamaica Stock Exchange at $24.20 and Mayberry Jamaican Equities at $15.99.
The PE Ratio, a formula for computing appropriate stock values, averages 15.2. 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, 14,230,271 shares were exchanged for $381,343,934 versus 10,706,458 units at $108,028,666 on Friday. Productive Business Solutions 9.75% Preference share led trading with 2.88 million shares for 20.2 percent of total volume, followed by Wigton Windfarm with 2.83 million units for 19.9 percent of the day’s trade, Transjamaican Highway with 1.70 million units for 11.9 percent market share and Sagicor Select Manufacturing & Distribution Fund with 1.35 million units for 9.5 percent market share.
Trading averaged 241,191 units at $6,463,457, up from 191,187 shares at $1,929,083 on Friday and month to date, an average of 221,174 units at $4,235,568, compared to 217,015 units at $3,772,732 on the previous trading day. April closed with an average of 532,209 units at $5,709,319.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Berger Paints increased 30 cents in closing at $12.25 while exchanging 6,586 shares, Caribbean Cement lost $1 to $68 in trading 10,764 stocks, Eppley surged $10.41 to close at a 52 weeks’ high of $52.46, with 10,495 stock units crossing the exchange. GraceKennedy fell $1 to $110 in an exchange of 11,870 units, Jamaica Producers rose $1.60 to end at $23.85, with 36,096 stocks changing hands, Jamaica Stock Exchange popped $1.21 to end at a 52 weeks’ high of $24.20 after 84,268 shares cleared the market. Kingston Wharves rallied 74 cents in closing at $39.99 with the swapping of 40,010 units, Margaritaville climbed $2.50 to $23.50 in exchanging 50 stock units, Mayberry Jamaican Equities advanced $1.69 to close at a 52 weeks’ high of $15.99 with 83,932 shares changing hands. MPC Caribbean Clean Energy declined $9 in ending at $92 trading 19 stocks, 138 Student Living dropped $1.10 to close at $4.05 after exchanging 8,363 units, Palace Amusement shed $150 to end at $950 in switching ownership of 13 stock units. PanJam Investment declined 50 cents to $66.50, with 35,124 stock units crossing the market, Proven Investments fell 45 cents to close at $37.55 with an exchange of 27,947 stocks, Salada Foods lost 38 cents to close at $5.92 after an exchange of 26,538 units. Seprod popped 69 cents to $73.80, trading 51,696 shares, Supreme Ventures rallied $1.53 in closing at $31.49 after exchanging 208,360 units, Sygnus Real Estate Finance climbed $1.20 to $16.80 after exchanging 102 stocks and Wisynco Group shed $1.20 to close at $23.80 in trading 330,285 shares.
In the preference segmentEppley 7.50% preference share dropped 58 cents to end at $6.02 in an exchange of 2,500 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Gains for JSE Main Market on Friday

On Friday, investors bought more shares on the Jamaica Stock Exchange Main Market but exchanged slightly less funds than on Thursday, resulting in rising stocks being edged out by stocks declining.
The All Jamaican Composite Index rallied 726.82 points to settle at 459,116.74, the JSE Main Index added 1,210.82 points to end at 401,715.42 and the JSE Financial Index dipped 0.09  points to settle at 93.33.
A total of 56 securities traded down from 58 on Thursday, with 23 rising, 25 declining and eight ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 15.5. 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, 10,706,458 shares were traded for $108,028,666 versus 9,854,877 units at $117,634,469 on Thursday. Wigton Windfarm led trading with 2.29 million shares for 21.4 percent of total volume, followed by Transjamaican Highway with 1.96 million units for 18.3 percent of the day’s trade and Sagicor Select Financial Fund 1.26 million units for 11.8 percent market share.
Trading averages 191,187 units at $1,929,083, compared to 169,912 shares at $2,028,180 on Thursday and month to date, an average of 217,015 units at $3,772,732, down from 223,359 units at $4,225,558 on the previous trading day. April closed with an average of 532,209 units at $5,709,319.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Berger Paints rose $1.45 to end at $11.95, with 52,121 shares crossing the exchange, Caribbean Cement lost $1 in closing at $69, trading 10,358 stock units, Eppley Caribbean Property Fund jumped $4 to $49, with 13,702 units crossing the market. GraceKennedy rallied 50 cents to close at $111, with 127,161 stocks changing hands, Guardian Holdings fell $11 in ending at $520 after exchanging 2,194 shares, Jamaica Broilers popped 60 cents in closing at $28.70 after trading 16,277 stock units. Jamaica Producers dropped $1.70 to $22.25 in exchanging 7,694 stocks, Jamaica Stock Exchange shed 96 cents to $22.99 with the swapping of 554,842 units, JMMB Group declined 79 cents to close at $47 after trading 360,914 shares. Key Insurance lost 33 cents to end at $4.37, with 70,828 units clearing the market, Kingston Wharves declined 70 cents in closing at $39.25 while exchanging 5,099 stocks, Mayberry Jamaican Equities climbed $2.11 to close at a 52 weeks’ high of $14.30 in an exchange of 69,072 stock units. NCB Financial shed $2 to $106.50 in switching ownership of 41,032 stocks, Palace Amusement advanced $99.95 to end at $1100 after trading 58 shares, PanJam Investment gained $2.50 in ending at $67 with 47,723 units changing hands. Proven Investments popped 50 cents in closing at $38 in exchanging 30,451 stock units, Sagicor Group fell $2 to $55 with an exchange of 16,409 shares, Scotia Group dropped 44 cents to close at $35.01 after 20,087 stocks crossed the market. Supreme Ventures rose 46 cents to end at $29.96 in exchanging 233,006 units, Sygnus Credit Investments climbed 37 cents to $17 in switching ownership of 90,454 stock units and Wisynco Group fell $1 to $25 with an exchange of 704,723 units.
In the preference segmentEppley 7.50% preference share advanced 60 cents to $6.60, trading 2,687 stock units, JMMB Group 7.25% preference share gained 35 cents to end at a 52 weeks’ high of $3.84 while exchanging 1,011 stocks and Productive Business Solutions 9.75% preference share declined $1.26 to $106.99 with the swapping of 510 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Slight slip in JSE Main Market

Market activity on the Jamaica Stock Exchange Main Market ended on Thursday, with the volume of stocks traded declining 16 percent and the value falling 70 percent from that of Wednesday, as rising stocks exceeded those declining.
The All Jamaican Composite Index shed 432.05 points to end at 458,389.92, the JSE Main Index fell 920.97 points to close at 400,504.59 and the JSE Financial Index fell 0.62 points to settle at 93.42.
Trading ended with 58 securities the same as  Wednesday, with 24 rising, 22 declining and 12 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 15.3. 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, 9,854,877 shares traded for $117,634,469 versus 11,782,128 units at $388,157,374 on Wednesday. Transjamaican Highway led trading with 1.63 million shares for 16.6 percent of total volume, followed by Wigton Windfarm with 1.52 million units for 15.4 percent of the day’s trade, Wisynco Group ended with 1.21 million units for 12.3 percent of market share and Sagicor Select Financial Fund with 1.05 million units for 10.7 percent market share.
Trading averages 169,912 units at $2,028,180, compared to 203,140 shares at $6,692,369 on Wednesday and month to date, an average of 223,359 units at $4,225,558, compared to 241,597 units at $4,975,252 on the previous trading day. April closed with an average of 532,209 units at $5,709,319.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Berger Paints rose 50 cents to end at $10.50, with 6,364 shares crossing the market, Eppley gained $1.95 to close at $42.10 after exchanging 545 stock units, Eppley Caribbean Property Fund lost $3.50 in ending at $45 after trading 553 stocks. First Rock Capital climbed $1.58 in closing at $13.23 while exchanging 15,054 units, GraceKennedy dropped 50 cents to $110.50, with 192,130 shares changing hands, Guardian Holdings increased $15.15 in closing at $531 in exchanging 1,874 units. Jamaica Broilers shed 90 cents to end at $28.10 with the swapping of 27,361 stock units, Jamaica Stock Exchange advanced $1.70 to close at $23.95 with an exchange of 125,272 stocks, Margaritaville popped 90 cents to $21 after exchanging 2,000 stock units. Mayberry Investments fell 43 cents after finishing at $8.82 with 8,303 shares changing hands, Mayberry Jamaican Equities rallied 79 cents to end at $12.19 after 157,430 units crossed the market, NCB Financial advanced $2.10 to $108.50 in trading 31,069 stocks. PanJam Investment declined $1.55 to close at $64.50 with the swapping of 73,167 stock units, Portland JSX shed $1 in closing at $11, with 675 shares crossing the exchange, Proven Investments lost 49 cents in ending at $37.50 after switching ownership of 37,192 units. Salada Foods gained 70 cents to $6.50, with 5,865 stocks clearing the market, Scotia Group rallied 45 cents to $35.45 in an exchange of 8,941 stock units, Seprod rose $10.05 to end at $73.05 after exchanging 124,121 stocks up to a 52 weeks’ intraday high of S80.57. Supreme Ventures dropped 50 cents in closing at $29.50, trading 229,819 shares and Wisynco Group climbed $1.80 to close at a 52 weeks’ high of $26 with 1,210,656 units changing hands.
In the preference segmentEppley 7.50% preference share fell $1.70 in closing at $6 while exchanging 55,741 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Slippage for JSE majors on Tuesday

Market activity ended Tuesday, with the volume of shares trading declining 15 percent, with a 42 percent lower value than on Monday at the close of the Jamaica Stock Exchange Main Market, as rising stocks edged out those declining.
The All Jamaican Composite Index dropped 305.20 points to 456,528.96, the JSE Main Index slipped 256.16 points to 399,793.50 and the JSE Financial Index dipped 0.06 points to settle at 94.66.
Trading ended with 59 securities compared to 53 on Monday, with 26 rising, 24 declining and nine ending unchanged.
The PE Ratio a measure that is used for computing appropriate stock values averages 15.2. 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, 13,458,702 shares were exchanged for $167,729,641 versus 15,830,208 units at $289,905,809 on Monday. Wigton Windfarm led trading with 2.33 million shares for 17.3 percent of total volume, followed by Sagicor Select Financial Fund with 2.16 million units for 16 percent of the day’s trade, Radio Jamaica chipped in with 2.14 million units for 15.9 percent of market share and Transjamaican Highway with 1.99 million units for 14.8 percent market share.
Trading averages 228,114 units at $2,842,875, compared to 298,683 shares at $5,469,921 on Monday and month to date, an average of 261,508 units at $4,086,031. April closed with an average of 532,209 units at $5,709,319.
Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Berger Paints lost 60 cents in closing at $11, trading 32,665 shares, Caribbean Cement dropped $3.95 to $67.15 while exchanging 31,080 units, First Rock Capital rallied $1.01 to close at $13.26 with an exchange of 26,604 stock units. GraceKennedy fell $1.95 to end at $107, with 764,383 stocks crossing the market, Jamaica Producers shed $1.45 in ending at $22.30 after an exchange of 56,875 stock units, JMMB Group declined 40 cents to $45.40 in switching ownership of 156,172 units, Kingston Wharves gained $4.50 in closing at $38.50 after 153,896 stocks crossed the exchange, Margaritaville declined $5.40 to $20.10 after exchanging 3,681 shares, Mayberry Jamaican Equities lost 60 cents to $11.40 in trading 245,372 shares. MPC Caribbean Clean Energy fell $8.75 to close at $102 in exchanging 199 stocks, NCB Financial popped $3.85 to $114.10 with 20,685 units clearing the market, Palace Amusement rose $95 to close at $1015 after finishing trading of 422 stock units. Portland JSX shed 40 cents in closing at $12 with the swapping of 69 units, Proven Investments advanced 88 cents to $37 and closed trading of 55,512 shares, Sagicor Group increased 48 cents to end at $57.97 after exchanging 130,033 stock units. Salada Foods dropped $1 to end at $5.69, with 45,609 stocks changing hands, Scotia Group climbed 33 cents to $36.13, with 241,414 shares crossing the market, Seprod shed $3.50 in closing at $58.30 in an exchange of 12,315 stock units. Sygnus Credit Investments declined 50 cents to $16.50 in exchanging 236,881 stocks, Sygnus Real Estate Finance rose $2.94 to close at $18.05 in switching ownership of 5,482 units, Wisynco Group increased 35 cents, ending at a 52 weeks’ high of $24.85 while exchanging 77,458 units.
In the preference segment138 Student Living Preference shares popped $6.01 to end at 52 weeks’ high of $16.51 after exchanging 50 stocks, Eppley 7.50% preference share rallied 70 cents in closing at $7.70, trading 117 stock units, Jamaica Public Service 9.5% gained $350 to $3000 with the swapping of 5 shares and Productive Business Solutions 9.75% Preference share advanced $15.70 to close at $117.70 in exchanging five shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.