Jamaica Stock Exchange Main Market closed higher for the third time this week to end up 7,400 points higher than at the close of last week on the back of moderate trading levels after NCB Financial bounced from declines to a recent 52 weeks’ low of $130 on July 7, to close at $140.
NCB Financial Montego Bay branch
At the close, the All Jamaican Composite Index climbed 1,431.82 points to 410,054.04, and the Main Index rose 1,234.14 points to 374,142.73, while the JSE Financial Index inched up by 0.33 points to 96.96.
Trading ended with 41 securities changing hands, down from 42 on Wednesday and closes with the prices of 20 stocks rising, the prices of 18 declining and three remaining unchanged.
The average PE Ratio of the Main Market ended at 15 based on IC Insider.com’s forecasted 2020-21 earnings. The market closed with an exchange of 14,547,430 shares for $117,545,736 compared to 8,833,133 units at $194,889,167 on Wednesday.
Wigton Windfarm led trading with 8.5 million shares for 58.5 percent of total volume followed by Transjamaican Highway with 2.4 million units for 16.5 percent of the day’s trade and Sagicor Select Financial Fund with 549,697 units for 4 percent market share.
The average trade for the day ended at 354,815 units at $2,866,969 in contrast to an average of 210,408 at $4,640,489 on Wednesday. An average of 399,294 units traded for the month to date at $3,005,630 for each security, in contrast to 403,250 units at $3,017,962. In contrast, June ended with an average of 818,748 units at $7,498,308.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Main market shows seven stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Barita Investments declined by $1.59 in closing at $55.01, with 583 units changing hands, Berger Paints lost 92 cents to end at $11.90 in an exchange of 29,478 units. First Rock Capital dropped 75 cents to close at $13.25, in trading 1,000 units, Jamaica Producers Group rose 99 cents to end at $23.50, with 1,189 units clearing the market, Jamaica Stock Exchange lost 39 cents to finished at $21.50 in an exchange of 42,315 stock units. JMMB Group rose 35 cents after closing at $31.45, with 311,065 shares changing hands, Key Insurance gained 40 cents to $5.50 in clearing the market with 21,043 stock units, Kingston Properties dropped by $1.69 to $6.11 after 2,383 shares crossed the exchange. Kingston Wharves rose $2.50 in ending at $52.50 and trading 14,251 stock units, Mayberry Investments climbed 67 cents to $5.99 in trading of 100 stock units, MPC Caribbean Clean Energy declined by $11 to close at $160 in an exchange of 100 stock units. 
NCB Financial Group rose $1 to $140 after trading 231,287 stock units, 138 Student Living added 50 cents to end at $6.50 with investors switching ownership of 500 shares, Proven Investments increased $1 to $33 with 7,091 stock units changing hands. Sagicor Real Estate Fund rose 74 cents to settle at $8.49 after 338 shares changed hands, Salada Foods ended rising $2.98 to settle at $30.98 with investors swapping 25 shares, Seprod rose $1 in closing at $53, with 51,568 units clearing the market. Sterling Investments shed 35 cents to settle at $2.50 in trading 39,166 shares. Sygnus Credit Investments increased 48 cents to close at $16.35, with 12,806 stock units changing hands and Victoria Mutual Investments rose 30 cents to end at $7.50 with an exchange of 106,100 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Index climbed 4,591.19 points to 372,908.59 while the JSE Financial Index rose 1.76 points to 96.63.
An average of 403,249 units traded for the month to date, at $3,017,962 for each security that traded, in contrast to 422,580 units at $2,855,323. In contrast, trading in June resulted in an average of 818,748 units at $7,498,308.
Mayberry Investments shed 48 cents after closing at $5.32 trading 85,491 stock units. MPC Caribbean Clean Energy jumped $11 to end at $171 as 117 shares cleared the market, NCB Financial Group fell 99 cents to end at $139 with 120,380 units changing hands, PanJam Investment increased by $1.90 to settle at $70 trading 1,646,674 stock units. Portland JSX declined by 99 cents in closing at $8 and exchanging 46,312 shares, Scotia Group gained $1.48 to close at $44.48 after trading 4,300 stock units, Seprod dropped $1 to end at $52 with an exchange of 242,788 shares and Sygnus Credit Investments fell 43 cents to close at $15.87 in an exchange of 8,366 stock units.
At the close, the All Jamaican Composite Index declined 3,476.55 points to close at 403,619.02, the Main Index dived 3,207.50 points to 368,317.40 and the JSE Financial Index lost 1.36 to end at 94.87.
The average trade for the previous month ended at 856,725 units at $7,148,772.
MPC Caribbean Clean Energy carved out a loss $12, in closing at $160 with an exchange of 1,000 stock units, NCB Financial Group jumped $4.99 to settle at $139.99 with investors swapping 613,214 stock units, 138 Student Living lost 90 cents to settle at $6 trading 1,226 units. Palace Amusement fell $40 in closing at $1,750 with an exchange of a mere five units, PanJam Investment lost $4.90 to close at $68.10 with an exchange of 2,913 stock units, Proven Investments fell 99 cents in ending at $32.01 after trading 4,518 shares. Sagicor Group shed $1.49 to $46 with an exchange of 263,100 stock units, after trading at a 52 weeks’ intraday low of $34. Salada Foods gained $3 to close at $28 with 190 stock units changing hands and Seprod jumped $2.80 to end at $53 trading 45,530 shares.
The average volume for the month to date amounts to 383,412 units at $2,363,701 in contrast to 452,787 units at $2,546,266. In contrast, the average for June ended at 856,725 units valued at $7,148,772 for each security.
Jamaica Producers gained 75 cents in ending at $23.75 trading 17,269 units. Jamaica Stock Exchange climbed 41 cents closing at $21.95, after exchanging 58,999 stock units, Kingston Properties rose 30 cents to end at $7.80 in exchange of 461 units, Kingston Wharves shed $2.49 to settle at $51 with 5,294 stock units changing hands. Mayberry Jamaican Equities added 29 cents to close at $9.39 after trading 12,599 units, PanJam Investment jumped $4 to settle at $73 after 16,618 units changed hands, Sagicor Group rose $1.49 to end at $47.49 with 54,732 units crossing the exchange. Scotia Group lost $1.78 to settle at $42.72 in trading 8,093 units and Seprod fell $1.55 after closing at $50.20 and exchanging 30,666 shares.
After entering IC Insider.com Main Market TOP 10 last week, NCB Financial Group is out of the top 10 and replaced by Victoria Mutual Investments. These two stocks are the only movement in and out of the TOP 10 for the week. There is no change to the Junior Market TOP 10. 
In the Main Market, the top three stocks are Berger Paints, followed by Radio Jamaica and JMMB Group, with expected gains of 195 to 208 percent.
Both the Junior and Main markets are currently trading well below this level. The JSE Main Market ended the week, with an overall PE of 15.2 and the Junior Market at just 10.6, based on IC Insider.com’s projected 2020-21 earnings. The PE ratio for the Junior Market Top 10 stocks averages a mere 5.5 at just 52 percent to the average of the overall Junior Market. The Main Market TOP 10 stocks trade at 8.4 or 55 percent of the PE of the overall market.
IC TOP 10 stocks are likely to deliver some of the best returns up to March 2021. The computation of projected gains is based on earnings and PE ratios for the current fiscal year for each stock. The ranking of stocks is in order of likely increases, with the highest-ranked, being the most attractive. The ranking of stocks is in order of likely increases, with the highest-ranked, being the most attractive. Expected values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Revisions to earnings per share are ongoing, based on receipt of new information.
At the close, the All Jamaican Composite Index dropped 2,824.38 points to 402,653.10, the JSE Market Index declined by 2,597.16 points to 367,397.15 and the JSE Financial Index lost 0.27 points to 95.42. The average PE Ratio of the Main Market ended at 15.4 based on IC Insider.com’s forecasted 2020-21 earnings.
The average trade for the day ended at 280,760 units at $2,903,282 in contrast to an average of 399,757 at $2,435,173 on Thursday. An average of 1,048,185 units at $3,935,208 each traded for July to date in contrast to 483,377 units at $2,494,914 for each security. In contrast, June closed with an average of 818,748 units valued at $7,498,303 for each security traded.
Jamaica Broilers ended $2.05 lower at $24.55, in trading 44,629 stock units, Jamaica Stock Exchange gained 49 cents to close at $23, in exchanging 472,748 shares, JMMB Group shed 50 cents to end at $30.50, with a transfer of 69,230 stock units. Kingston Wharves finished 51 cents lower at $53.49, after trading 57,716 stock units, PanJam Investment climbed $2.50 to settle at $69, with 142,724 shares changing hands, Sagicor Group gained 50 cents in transferring 550,086 shares and ended at $46. Scotia Group closed $1.75 higher at $44.50 as investors traded 376,531 shares, Seprod dipped 75 cents to $51.75, with an exchange of 13,000 units and Sterling Investments ended at $2.45, having lost 40 cents trading 100,159 shares.
Transjamaican Highway with 4.43 million units for 26 percent of the day’s trade and Pulse Investments with 913,284 units for 5.4 percent market share.
NCB Financial Group advanced by $2 to $135, with investor having transferred 107,228 shares, 138 Student Living closed $1 higher at $6.99, with 2,000 stock units changing hands, PanJam Investment tumbled $6.50 and settled at $66.50, after trading 31,900 shares, Portland JSX climbed $1 to close at $9 trading 80 shares. Proven Investments slipped 95 cents to end at $33, in transferring 212,681 shares, Seprod gained 75 cents and closed at $52.50, with investors switching over 16,681 stock units. Sygnus Credit Investments gained 40 cents to finish at $16.40 with transfers of 18,009 stock units and Victoria Mutual Investments closed 34 cents lower to end at $7.26, in 62,150 shares changing hands.
Trading ended with 40 securities changing hands with the prices of 16 stocks rising, 16 declining and eight securities ended unchanged. At the close, the All Jamaican Composite Index fell 161.12 points to 406,680.20, the JSE Market Index shed 143.95 points to 371,080.85 and the JSE Financial Index lost 0.74 points to end at 95.61.
Sagicor Select Financial Fund with 1.6 million shares and Wisynco Group with 1.07 million units.
Jamaica Producers Group ended $1.25 higher at $23.75, after exchanging 13,952 units, JMMB Group shed 99 cents to finish at $31, with 75,710 shares crossing the market. Kingston Wharves gained 49 cents to settle at $53.99, in trading 6,202 units, NCB Financial Group fell $1.10 transferring 31,894 stock units and closed at $133, 138 Student Living lost 31 cents to end at $5.99, with 220,446 shares changing hands, Sagicor Group closed 51 cents lower at $45.50 trading 75,759 stock units. Sagicor Real Estate Fund finished at $7.75, after losing 54 cents transferring 258,099 shares, Scotia Group declined $2 to settle at $43, with trades of 131,758 shares and Seprod climbed $1.53 to $51.75, in transferring 21,484 stock units.
At the close, the All Jamaican Composite Index dropped 1,754.44 points to 406,841.32, the JSE Market Index sank 1,536.62 points to 371,224.80 and the JSE Financial Index gained 0.09 points to 96.35. The average PE Ratio of the Main Market closed at 15 based on IC Insider.com forecasted 2020-21 earnings.
An average of 373,718 units traded for the month to date for $4,445,101 in contrast to 367,724 units at $1,363,982. The average volume and value for June was 818,748 units at $7,498,303.
Jamaica Producers ended at $22.50, having lost $1 in transferring 39,348 units, JMMB Group jumped $1.48 to $31.99, with 67,277 shares crossing the market, MPC Caribbean Clean Energy advanced $4 to close at $172 after trading just 100 units. NCB Financial Group declined $1.40 to $134.10 with an exchange of 393,783 shares, Palace Amusement sustained a loss of $10 to finish at $1,790, after swapping 20 units, PanJam Investment dropped $1 in trading 10,829 stock units and settled at $73. Proven Investments ended with a loss of 44 cents at $33.95, with 1,637 units changing hands and Wisynco Group shed 30 cents to finish at $17.70, in transferring 34,252 shares.
Friday. In Contrast, trading in June resulted in an average of 818,748 units for $7,498,308 for each security.
Kingston Wharves gained 36 cents and closed at $53.36 in trading 3,673 units, NCB Financial Group declined by 40 cents to end at $135.50 after exchanging 163,040 shares. Portland JSX rose 55 cents to end at $7.90 and trading 20,187 stock units, Sagicor Group declined by $3.89 to $46.10 with a transfer of 23,410 units. Sagicor Real Estate Fund jumped 54 cents to $8.29 with investors trading 69,628 stock units, Salada Foods dropped $3.40 to close at $25 after exchanging 3,775 units, Scotia Group declined by $2.25 to end at $45, in transferring 34,944 stock units and Seprod shed $2.79 to settle at $50.20 with 19,161 units changing hands.