Sterling back in ICTOP10 Wisynco out

Sterling Investments returns to the ICTOP10 Main Market listing as Wisynco fell out of, following earnings downgrade to $1.20 per share for the current year, with the company posting 83 cents per share for the year to June.
The highlights this past week is the increased interest in Sygnus Credit Investments that drove the price up nine percent after posting outstanding full year results during the week, and the sharp pullback in the price of Radio Jamaica, with the price ending at $3.17, down from last week’s $4.40. By early next week, Radio Jamaica should announce the amount of dividend to be paid and the date of payment.
Elsewhere, Future Energy Source, a former ICInsider.com BUY RATED stock that enjoyed strong buying interest that pushed the price to a high of $3.40, saw a sharp pullback to end the week at a more palatable $2.05.
The top three Main Market stocks are Berger Paints, with the potential to gain 273 percent, followed by JMMB Group and Guardian Holdings, with expected gains of 209 to 286 percent for the three, versus last weeks’ 214 to 273 percent.
The top three stocks in the Junior Market are Elite Diagnostic, followed by Medical Disposables and General Accident. All three have the potential to gain between 235 percent and 275 percent, compared to 217 and 283 percent last week.
This past week the average gains projected for the Junior Market rose from 191 percent to 198 percent and Main Market stocks from 168 percent to 173 percent.
The Junior Market closed the week with an average PE of 11.3 based on ICInsider.com’s 2021-22 earnings and currently trades 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 trades at a PE of 6.9, with a 39 percent discount to the PE of that market and the potential to rise 61 percent to March next year, based on an average PE of 20.
The JSE Main Market ended the week with an overall PE of 15.6, a little distance from the 19 the market ended at in March, suggesting a 22 percent rise at a PE of 19 and 28 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.6, with a 51 percent discount to the PE of that market, well off the potential of 20.
The ICTOP10 stocks are not intended to be the best stocks in the market but are most likely to be the biggest winners within a fifteen-month period. ICInsider.com ranks stocks to filter out the bigger winners, allowing investors to focus on potentially huge winners and helping to keep out emotional attachments to stocks that often result in costly mistakes being made.
ICTOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely 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.

Another day of losses for JSE Main Market

Market activity ended with the volume of shares trading climbing 23 percent, with a 22 percent lower value on Friday than Thursday to end the week with a decline for a second day on the Jamaica Stock Exchange Main Market as rising stocks failed to match those declining by a huge margin.
A total of 49 securities traded compared to 51 on Thursday, with nine rising, 28 declining and 12 left unchanged.
The All Jamaican Composite Index dropped 1,882.09 points to 452,937.27, the Main Index fell 1,574.98 points to 412,336.62 and the JSE Financial Index shed 0.18 points to close at 100.42.
The PE Ratio, a measure used in computing appropriate stock values, averages 15.6 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 15,882,164 shares trading for $73,938,627 versus 12,931,119 units at $94,458,438 on Thursday. Wigton Windfarm led trading with 41.6 percent of total volume for an exchange of 6.61 million shares, followed by Sagicor Select Manufacturing & Distribution Fund with 16.8 percent for 2.67 million units and Transjamaican Highway 10.5 percent with 1.67 million units changing hands.
Trading averages 324,126 units at $1,508,952, compared to 253,551 shares at $1,852,126 on Thursday and month to date, an average of 228,351 units at $1,395,224, compared to 184,149 units at $1,350,041 on Thursday. August closed with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and four stocks with lower offers.
At the close, Barita Investments fell $1.97 to $89, with 299,363 shares clearing the market, Berger Paints shed 93 cents to $12.71 in trading 29,889 stock units, Caribbean Cement slipped 24 cents to close at $106 with an exchange of 19,281 stocks, Eppley fell 80 cents to $40.50 with the swapping of 1,793 stock units. First Rock Capital rallied 24 cents to $12.85 in exchanging 1,854 units, GraceKennedy advanced $2 to $103 with the transfer of 39,930 shares, Guardian Holdings declined $4 to $595 with 5,982 units changing hands. Jamaica Broilers rose $1.06 to $33.10 in trading 3,785 stock units, JMMB Group shed 47 cents to close at $37.03 with 64,849 shares crossing the market. Key Insurance lost 36 cents to end at $4.03 in switching ownership of 300,731 units, Mayberry Jamaican Equities lost 49 cents to end at $8.50 in exchanging 51,567 shares, NCB Financial declined $1.30 to $128 in transferring 12,543 stocks. 138 Student Living shed 54 cents to finish at $4.55 with the swapping of 12,990 shares, PanJam Investment fell $1 to $63 in switching ownership of 4,673 stock units, Portland JSX popped 98 cents to $8 after exchanging 1,000 shares, Proven Investments dropped 54 cents to $33.06 with 49,528 stocks crossing the exchange. Pulse Investments shed 45 cents to end at $3.53 in switching ownership of 849,203 units, Radio Jamaica dipped 33 cents to $3.17 with an exchange of 680,251 units. Sagicor Group fell $1 to $55 with the swapping of 64,105 shares, Salada Foods lost 24 cents in closing at $7.01 after 49,882 stock units crossed the market, Seprod shed $1.50 to settle at $63.49 with 13,866 stocks changing hands, Supreme Ventures lost 28 cents to close at $17.77 in trading 23,689 shares and Wigton Windfarm lost 3 cents to close at a 52 weeks’ low of 50 cents, trading 6,607,371 stocks, as investors continue to desert the stock.

In the preference segment, Productive Business Solutions 9.75% preference share spiked $2 to $104 after exchanging 1,999 stocks.

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

Trading rises but stocks prices tumble

The value and volume of stocks traded on Thursday almost doubled trading levels on Wednesday, with volume rising 96 percent and the value 94 percent at the close of market activity on the Jamaica Stock Exchange Main Market as rising stocks were outpaced by those declining 3 to 1 resulting in a fall in the market indices.
The All Jamaican Composite Index declined 3,971.73 points to settle at 454,819.36, the Main Index fell 3,556.65 points to 413,911.60 and the JSE Financial Index shed 1.35 points to close at 100.60.
Trading ended with 51 securities compared to 55 on Wednesday, with 11 stocks rising, 29 declining and 11 remaining unchanged. The PE Ratio, a measure used to compute appropriate stock values, averages 15.8 based on ICInsider.com forecast of 2021-22 earnings.
The market closed with 12,931,119 shares trading for $94,458,438 versus 6,588,680 units at $48,572,521 on Wednesday. Pulse Investments led trading with 36 percent of total volume after 4.64 million shares changed hands, followed by Wigton Windfarm 22.4 percent, with 2.90 million units and Transjamaican Highway with 14.5 percent for an exchange of 1.87 million units.
Trading averages 253,551 units at $1,852,126, compared to 119,794 shares at $883,137 on Wednesday and month to date, an average of 184,149 units at $1,350,041. August closed with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Caribbean Cement shed 96 cents in closing at $106.24 in an exchange of 7,444 units, Eppley Caribbean Property Fund declined $1.47 to $38.53 with 47,391 shares crossing the market, First Rock Capital fell $1.11 to $12.61 with 21,248 stocks changing hands. GraceKennedy dipped 50 cents to $101 with the swapping of 79,434 shares, Jamaica Broilers shed 96 cents to close at $32.04 after 305,900 units crossed the exchange, Jamaica Producers advanced $2.45 to $24.50 in transferring 5,955 stocks. JMMB Group lost 50 cents to end at $37.50, with the swapping of 112,533 shares, Kingston Wharves dipped 60 cents to $48 in exchanging 1,095 stock units. Margaritaville fell $1.95 to close at a 52 weeks’ low of $13.20, with an exchange of 634 stock units. Mayberry Investments lost 25 cents in ending at $5.75 and trading 44 stocks. MPC Caribbean Clean Energy dropped $5.50 to $120 in trading 555 shares, NCB Financial fell 70 cents to $129.30 in switching ownership of 205,686 stock units, 138 Student Living popped 59 cents to $5.09 in an exchange of 4,448 shares, Palace Amusement surged $101 to $1,100 with 2 units crossing the exchange. Proven Investments rose 57 cents to $33.60 in transferring 3,380 stocks, Pulse Investments rallied 43 cents to $3.98 with the swapping of 4,641,053 shares, Radio Jamaica lost 25 cents to end at $3.50 in switching ownership of 311,137 stocks. Sagicor Group declined $1 to $56 in exchanging 24,877 shares, Salada Foods traded 201 shares and gained 20 cents to close at $7.25, Seprod shed $1.01 in ending at $64.99 after 21,342 stock units crossed the market and Sygnus Credit Investments lost 46 cents in closing at $16.44 in switching ownership of 70,957 stocks.
In the preference segment, 138 Student Living preference share rose 57 cents to $6.57 in an exchange of 46 units, JMMB Group 7.15% – 2028 lost 36 cents to end at $2.99 with 100 shares changing hands and Productive Business Solutions 9.75% spiked $20.50 to close at $102 after an exchange of 10,000 stocks.

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

JSE Main Market pulls back on Wednesday

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Market activity ended Wednesday with the volume and value of shares trading declining 62 percent and 68 percent, respectively, than on Tuesday, leading to a decline in the Jamaica Stock Exchange Main Market indices and ended with fewer rising stocks than those declining.
The All Jamaican Composite Index dropped 1,051.55 points to 458,791.09, the Main Index fell 396.65 points to 417,468.25 and the JSE Financial Index popped 0.49 points to end at 101.95.
The number of stocks trading remained high, with 55 securities compared to 50 on Tuesday, with 14 stocks rising, 26 declining and 15 remaining unchanged. The PE Ratio, a measure used to compute appropriate stock values, averages 15.9 based on ICInsider.com’s 2021-22 earnings forecast.
The market closed with 6,588,680 shares trading for $48,572,521 versus 17,371,190 units at $150,660,788 on Tuesday. Wigton Windfarm led trading with 45.3 percent of total volume for an exchange of 2.99 million shares, followed by Transjamaican Highway with 8.1 percent for 532,579 units and Sagicor Select Financial Fund 7.5 percent, with 493,056 shares.
Trading averages 119,794 units at $883,137, compared to 347,424 shares at $3,013,216 on Tuesday. August closed with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments fell $1.43 to $90.97 in switching ownership of 188,629 shares, Caribbean Cement rose $1.20 to $107.20 in exchanging 2,613 stocks, Caribbean Producers gained 29 cents to end at $4.64 with 16,300 shares crossing the exchange, Eppley Caribbean Property Fund dropped $6.75 to $40 in trading 8,108 stock units, GraceKennedy slipped 50 cents to $101.50 with a transfer of 38,713 stocks, Guardian Holdings spiked $9 to $599 with 892 units changing hands, Jamaica Broilers fell $1.45 to $33 with the swapping of 104,714 shares. Jamaica Producers declined $2.45 to $22.05 after 288,971 stocks cleared the market, Jamaica Stock Exchange shed 80 cents to close at $17.20 in transferring 3,410 stock units, Key Insurance popped 22 cents to $4.43 after exchanging 11,302 stocks. Mayberry Investments rallied 25 cents to $6 in exchanging 35,530 units, NCB Financial declined $2.99 to $130 in switching ownership of 5,487 shares, Palace Amusement dropped $135.99 to end at $999 with 152 stock units changing hands, Portland JSX shed 98 cents to $7.02 with the swapping of 23 stocks. Proven Investments fell 92 cents to $33.03 with 8,471 stock units crossing the market, Radio Jamaica rallied 25 cents to $3.75 in an exchange of 396,352 shares. Sagicor Group shed $1 in, ending at $57 after switching ownership of 10,741 stocks, Seprod popped $1.21 to $66 in trading 4,387 shares.
In the preference segment, JMMB Group 7.25% spiked 20 cents to $1.50 after 8,797 stocks crossed the market and Productive Business Solutions 9.75% preference share dropped $22.50 to close at $81.50, switching ownership of 1 share.

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

JSE Main Market rallies, down in August

Stocks rallied into month end as rising stocks exceeded decliners, greater than two to one at the end of market activity on Tuesday, but closed out August more than 3,600 points below the July close, with the volume of shares trading on Tuesday rising 82 percent and the value inched 11 percent higher than Monday, on the Jamaica Stock Exchange Main Market.  
The All Jamaican Composite Index spiked 2,773.29 points to 459,842.64, the JSE Main Index climbed 2,670.20 points to 417,864.90 and the JSE Financial Index popped 0.59 points to close trading at 101.46.
Market participation remained elevated with 50 securities traded compared to 51 on Monday, leading to a rise of 28 stocks, 11 declining and 11 closing unchanged. The PE Ratio, a measure used to compute appropriate stock values, averages 16.3 based on ICInsider.com’s 2021-22 earnings forecast.
The market closed with 17,371,190 shares trading for $150,660,788 versus 15,594,454 units at $851,732,015 on Monday. Radio Jamaica led trading with 48.2 percent after exchanging 8.37 million shares, followed by Wigton Windfarm 13.3 percent, with 2.31 million units and Sagicor Group 6.8 percent with 1.18 million shares.
Trading averages 347,424 units at $3,013,216, versus 305,774 shares at $16,700,628 on Monday and month to date, an average of 480,039 units at $8,561,190,compared to 487,063 units at $8,855,045 on Monday. July closed with an average of 322,932 units at $15,201,099.
Investor’s Choice bid-offer indicator reading has 17 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cement dropped $4 to $106 exchanging 11,162 shares, Caribbean Producers slipped 35 cents to $4.35 after trading 38,382 stock units, Eppley popped $2.35 to $41.35, with 2,083 shares changing hands, Eppley Caribbean Property Fund surged $8.44 to $46.75 in switching ownership of 125,066 units, First Rock Capital gained $1.35 to end at $13.75 in swapping of 4,396 shares. GraceKennedy fell $2 to $102, with 65,411 stocks changing hands, Guardian Holdings spiked $9 to $590 in trading 1,338 units, Jamaica Broilers popped $1.05 to $34.45 exchanging 62,613 stock units. Jamaica Producers advanced 50 cents to $24.50 in trading 19,496 units, Jamaica Stock Exchange jumped 85 cents to $18, with an exchange of 93,267 shares, JMMB Group lost 70 cents in closing at $38 after 141,511 stock units crossed the market. Kingston Wharves climbed $2.25 to $48.75, with 878 units changing hands, Mayberry Investments shed 39 cents to $5.75 in switching ownership of 11,020 shares. Mayberry Jamaican Equities increased 30 cents to $9.30 while exchanging 1,960 stocks, MPC Caribbean Clean Energy dived $10.50 to $125.50 after trading 40 stock units, NCB Financial Group advanced 99 cents to $132.99 with an exchange of 7,642 shares. PanJam Investment popped $2 to end at $64, with 4,216 stock units clearing the market, Pulse Investments rallied 26 cents to close at $3.60 after exchanging 435,638 units. Radio Jamaica dived 70 cents to $3.50 after exchanging 8,366,194 stock units, Sagicor Group rose $1.10 to end at $58 in trading 1,176,211 units, Scotia Group rallied 70 cents in closing at $39.50, with 4,106 stock units crossing the market. Seprod rose 79 cents to $64.79 in exchanging 2,978 shares and Sygnus Credit Investments popped 65 cents to $17 with the swapping of 203,098 units.
In the preference segmentJMMB Group 7.25% rallied 19 cents to $1.30 after trading 426,970 stock units and JMMB Group 7.35% – 2028 climbed 17 cents in closing at $3.20 while exchanging 237,799 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated. 

JSE Main Market suffers setback on Monday

Market activity ended on the Main Market on Monday with the volume of shares trading marginally lower, with the value jumping 394 percent from Friday and the market indices falling, as declining stocks outnumbered rising ones by some distance.
The market closed, with the All Jamaican Composite Index lost 641.27 points to end at 457,069.35. The JSE main Index dropped 520.39 points to 415,194.70 and the JSE Financial Index lost 0.26 points to settle at 100.87.
A total of 51 securities traded on Monday compared to 49 that traded on Friday, and ended, with 17 stocks rising, 25 declining and nine remained unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 15.7 based on ICInsider.com’s earnings forecast for 2021-22. The market closed with 15,594,454 shares  changing hands for $851,732,015 as NCB Financial dominated trading on Monday, versus 15,660,104 units at $172,250,884 on Friday.
NCB Financial led trading with 37.3 percent of total volume as 5.81 million shares changed hands, followed by Wigton Windfarm 11.6 percent, with 1.81 million units, 1834 Investments 9.9 percent market share, with 1.55 million units, Transjamaican Highway with 8.3 percent market share or 1.29 million units, Sygnus Credit Investments 8.1 percent market share, with 1.26 million units and Radio Jamaica 6.6 percent market share, with an exchange of 1.03 million units.
Trading averaged 305,774 units at $16,700,628, compared to 319,594 shares at $3,515,324 on Friday and month to date an average of 487,063 units at $8,855,423, in contrast to 497,417 units at $8,407,376 on Friday. July closed with an average of 322,932 units at $15,201,099.
Investor’s Choice bid-offer indicator shows 15 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments lost 48 cents to end at $92.52 with 242,695 shares changing hands, Berger Paints advanced 61 cents to $13.74 with a transfer of 24,016 stock units, Caribbean Cement shed $2.99 to end at $110, with 16,989 units traded. Eppley fell $1.50 to $39 with an exchange of 1,257 stocks, Eppley Caribbean Property Fund climbed 31 cents to $38.31 with 300 shares passing through the market, First Rock Capital gained 28 cents to close at $12.40 with 65,667 stock units changing hands. GraceKennedy rallied 99 cents to $104 with a transfer of 14,480 stocks, Guardian Holdings lost $3 to end at $581 with 4,691 units traded, Jamaica Broilers popped 30 cents to $33.40 with an exchange of 1,738 shares. Jamaica Producers fell 50 cents to $24 with 4,623 stock units passing through the market, Jamaica Stock Exchange popped 55 cents to $17.15 with 64,297 units changing hands, JMMB Group rallied $1 to $38.70 with a transfer of 183,748 stocks. Kingston Properties climbed $1.25 to $10.25 with 220 stock units traded, Kingston Wharves dropped $2 to $46.50 with an exchange of100,933 shares, Mayberry Investments advanced 39 cents to $6.14 with investors switching ownership of 2,636 units. Mayberry Jamaican Equities lost 25 cents to end at $9 with 24,756 stocks changing hands, NCB Financial Group climbed 90 cents to $132 with an exchange of 5,809,459 shares, Palace Amusement shed $5.01 to close at $1134.99 with 10 stocks traded.PanJam Investment dropped $1 to $62 with a transfer of 3,253 units, Scotia Group fell 65 cents to $38.80 with 29,179 stock units passing through the market, Seprod declined $3.99 to $64 with 10,001 stocks changing hands and Sygnus Credit Investments advanced $1.35 to $16.35 with 1,262,824 shares crossing the exchange after the company posted strong gains in full year’s profit.

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

RJR drops to 10, Proven & Jetcon join TOP10

The highlights this past week is that after one week back in the ICInsider.com TOP10 list, Dolphin Cove’s price surged from $9.86 to the week’s high of $12.50 for a rise of 27 percent but closed the week at $11.60 for a healthy 18 percent gain for the week.

Dolphin Cove’s price bounced last week.

RJR just held on to the TOP 10 with a gain of 135 percent for the year to date, but the stock that is trading with good volume traded as high as $4.78 during the week.
Proven Investments joins the Main market TOP10 and replaces Scotia Group while Jetcon Corporation price dipped to 91 cents and replaces tTech, with the price rising to $4.79 from $4.40 last week. Elsewhere, Future Energy Source, one of ICInsider.com BUY RATED stocks when the IPO came to market in April, gained 311 percent to date, but with projected earnings of 13 cents per share and the price at $3.29, the PE is a rich 25 times earnings and seems overpriced based on prices of other Junior Market stocks. Radio Jamaica, as previously suggested by ICInsider.com, the directors will be meeting on September 6 to consider a dividend payment.
The charting of the Junior and Main Market indices shows early signs of the markets bouncing from the mild summer correction. We may be seeing early signs of a longer term rebound, with the Main and Junior Markets closing at the highest levels this week since July 23.
Outside the Junior and Main markets TOP10, investors should keep an eye on AMG Packaging and Sterling Investments.
The top three Main Market stocks are Berger Paints, with the potential to gain 273 percent, followed by Guardian Holdings and JMMB Group, with expected gains of 214 to 273 percent for the three, versus last weeks’ 202 to 277 percent.
The top three stocks in the Junior Market are Elite Diagnostic, followed by General Accident and Lasco Financial. All three have the potential to gain between 217percent and 283 percent, compared to 227 and 268 percent last week. Stationery and Office Supplies closed the previous week at $5.75 to sit at number 2 in the Junior Market list enjoyed a bounce in price to $6.50 and moved down to the 8th  spot this week.
This past week the average gains projected for the Junior Market dropped from 207 percent to 191 percent and Main Market stocks from 172 percent to 168 percent.
The Junior Market closed the week with an average PE of 11.8 based on ICInsider.com’s 2021-22 earnings and currently trades well below the target of 20 as well as the historical average of 17 for the period to March this year, based on 2020 earnings. The TOP 10 trades at a PE of 7, with a 40 percent discount to the PE of that market and the potential to rise 69 percent to march next year, based on an average PE of 20.
The JSE Main Market ended the week with an overall PE of 15.6, a little distance from the 19 the market ended at in March, suggesting a 12 percent rise at a PE of 19 and 28 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.7, with a 50 percent discount to that market’s average PE, well off the potential of 20.
The TOP10 stocks are not always the best stocks in the market but are most likely to be the best winners within a fifteen-month period. IC ranked stocks to filter out the big winners, allowing investors to focus on potentially big winners and help to keep out emotional attachments to stocks.
 IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely increase for each company, taking into account 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.

Big bounce into the weekend for JSE majors

The Main Market All Jamaican Composite Index surged 4,560.86 points to 457,710.62, the highest daily close since July 23, while the JSE Main Index jumped 3,833.76 points to 415,715.09 and the JSE Financial Index inched 1.17 points to 101.13 as rising stocks beating declining ones nearly 2 to 1 on Friday, with the volume and value of shares trading, rising moderately over Thursday levels, at the close of the Jamaica Stock Exchange.
A total of 49 securities traded compared to 48 on Thursday, with 20 stocks rising, 12 declining, with 17 unchanged. Caribbean Cement ended at a 52 weeks’ closing high at the close of the market. The PE Ratio, a measure used to compute appropriate stock values, averages 15.6 based on ICInsider.com forecast of 2021-22 earnings.
Overall, 15,660,104 shares trading for $172,250,884, up from 15,130,149 units at $148,604,629 on Thursday. Wigton Windfarm led trading with 39.1 percent for an exchange of 6.12 million shares followed by Radio Jamaica 21.7 percent, with 3.40 million units, Transjamaican Highway controlled 12.5 percent, with 1.96 million units and GraceKennedy with 7.4 percent after 1.16 million units changing hands.
Trading averages 319,594 units at $3,515,324, compared to 315,211 shares at $3,095,930 on Thursday and month to date averaging 497,417 units at $8,407,376, in contrast to 507,741 units at $8,691,971 on Thursday. July ended with an average of 322,932 units at $15,201,099.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and one stock with a lower offer.
At the close, Barita Investments declined 21 cents to $93 with 49,717 shares crossing the market, Caribbean Cement advanced $6.49 to end at a 52 weeks’ closing high of $112.99 in exchanging 13,140 stocks. Eppley shed 40 cents to $40.50, with a transfer of 1,222 units, GraceKennedy popped $1.51 to $103.01 in trading 1,157,481 shares, Jamaica Producers gained 30 cents to end at $24.50 in switching ownership of 12,182 units. Jamaica Stock Exchange shed 60 cents to $16.60 after swapping 35,540 stock units, JMMB Group fell 50 cents to $37.70 with 135,625 stocks changing hands. Mayberry Investments shed 25 cents to $5.75 with a transfer of 5,620 units, NCB Financial Group fell 90 cents to $131.10, with the swapping of 31,524 stock units, Palace Amusement rallied $15 to $1,140 in switching ownership of 71 shares. PanJam Investment rose $1 to $63 in trading 1,550 units, Sagicor Group popped 49 cents to $56.99 with 62,270 shares clearing the market, Seprod spiked $5.98 to $67.99 after exchanging 6,959 stocks and Victoria Mutual Investments climbed 23 cents to $5.53 with 45,965 stock units crossing the market.

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

Decline resumes for JSE Main Market

After breaking 6 straight days of decline on Wednesday, declining stocks pushed Jamaica Stock Exchange Main Market indices into decline at the close on Thursday, with an exchange of 41 percent more shares valued 113 percent higher than on Wednesday as investors continue to maintain a subdued posture towards main market stocks at this time.
The All Jamaican Composite Index fell 171.26 points to 453,149.76, the JSE Main Index declined 1,070.69 points to 411,881.33 and the JSE Financial Index shed 1.04 points to end at 99.96.
Trading took place in 48 securities compared to 51 on Wednesday, with 16 rising, 17 declining and 15 left unchanged. Caribbean Cement ended at a 52 weeks’ closing high of $106.50 after traded at an intraday high of $115 and NCB Financial traded at an intraday 52 weeks’ low of $121.03.
The PE Ratio, a measure used to compute appropriate stock values, averages 15.5 based on ICInsider.com’s 2021-22 earnings forecast.
Trading jumped to 15,130,149 shares for $148,604,629 from 10,754,378 units at $69,882,256 on Wednesday. Wigton Windfarm led with 34.3 percent after an exchange of 5.19 million shares, followed by Transjamaican Highway 14.8 percent, with 2.24 million units and Radio Jamaica 14.5 percent after 2.19 million units changed hands.
Trading averages 315,211 units at $3,095,930, compared to 210,870 shares at $1,370,240 on Wednesday and month to date averages 507,741 units at $8,691,971, in contrast to 519,351 units at $9,028,360 on Wednesday. July ended with an average of 322,932 units at $15,201,099.
Investor’s Choice bid-offer indicator reading has seven stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments gained 21 cents at $93.21 with 17,793 shares crossing the market, Berger Paints dipped 38 cents to $13.12 in trading 1,974 stock units, Caribbean Cement spiked 50 cents to end at a 52 weeks’ closing high of $106.50 with the swapping of 65,044 shares, but traded at an intraday high of $115, as demand is picking for the stock at the same time that supply is dwindling. Caribbean Producers lost 20 cents to close at $4.75 in exchanging 19,800 units, Eppley lost 20 cents to end at $40.90 in switching ownership of 1,600 shares, Eppley Caribbean Property Fund advanced $1.50 to $38 with 86 stock units changing hands, First Rock Capital rallied 50 cents to close at $12 in exchanging 38,363 units. GraceKennedy shed 60 cents to end at $101.50 after 669,124 stock units cleared the market, Guardian Holdings declined $7 to $584 in trading 9,914 shares, Jamaica Broilers shed $1.64 to $33.15 with the transfer of 56,942 stocks. Jamaica Producers advanced $2 to $24.20 with 42,911 units crossing the exchange, JMMB Group rose 20 cents to $38.20 in an exchange of 152,841 shares, Mayberry Jamaican Equities popped 65 cents to $9.25 with the swapping of 22,599 stock units. NCB Financial Group rose $2 in closing at $132 after hitting an intraday 52 weeks’ low of $121.03 and switching ownership of just 19,875 shares, Palace Amusement surged $175 to $1,125 after exchanging just 2 units, PanJam Investment shed 55 cents to close at $62 in transferring 3,203 shares. Proven Investments rallied 97 cents to $34 in trading 19,555 stock units, Radio Jamaica traded as high as $4.7t, but selling came into the market and it lost 25 cents at the close to end at $4.40 after 2,190,629 shares cleared the market. Scotia Group spiked 38 cents to $39.50, with 34,731 stocks crossing the market. Seprod fell 99 cents to $62.01 with an exchange of 15,490 stock units and Sygnus Credit Investments popped 70 cents in closing at $15 in trading 18,260 units.
In the corporate Bond segment, Guardian Holdings 6.5% bond rose 45 cents to $104.78 with 2.25 million units trading.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Market index rises with reduced trading

Market activity ended on Wednesday, with the indices rebounding strongly, but trading ended with prices of more stocks declining than rising after the volume and value traded dropped 41 percent and 92 percent respectively from Tuesday’s outturn on the Main Market of Jamaica Stock Exchange.
The JSE All Jamaican Composite Index surged 4,192.74 points to close at 453,321.02, the Main Index climbed 3,384.75 points to 412,952.02 and the JSE Financial Index rose 0.88 points to 101.00.
Trading ended with 51 securities similar to Tuesday, with 17 stocks rising, 24 declining and 10 remaining unchanged. Caribbean Cement and Radio Jamaica closed at a 52 weeks’ high and Guardian Holding traded at an intraday low. The PE Ratio, a measure used to compute appropriate stock values, averages 15.4 based on ICInsider.com forecast of 2021-22 earnings.
The market closed with 10,754,378 shares trading for $69,882,256 versus 18,303,242 units at $861,108,533 on Tuesday. Wigton Windfarm led trading with 34.8 percent of total volume for an exchange of 3.75 million shares followed by Transjamaican Highway 16 percent with 1.73 million units and Radio Jamaica controlling 12.7 percent after exchanging 1.36 million units.
Trading averages 210,870 units at $1,370,240, down from 358,887 shares at $16,884,481 on Tuesday, with the month to date averaging 519,351 units at $9,028,808, in contrast to 540,468 units at $9,552,607 on Tuesday. July trading averaged 322,932 units at $15,201,099.
Investor’s Choice bid-offer indicator reading has 11 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments rallied 23 cents to $93 with the swapping of 238,128 shares, Berger Paints picked up 38 cents to close at $13.50 after 9,273 units crossed the market, Caribbean Cement advanced $2 in closing at a 52 weeks’ high of $106 in exchanging 16,232 stocks. Eppley shed 76 cents to $41.10 with 3,542 stocks changing hands. Eppley Caribbean Property Fund dropped $2.91 to $36.50 in trading 10,721 shares, First Rock Capital fell $1.29 to $11.50 with 24,143 stock units crossing the market, GraceKennedy rose $1.10 to $102.10 after an exchange of 36,878 stocks. Guardian Holdings popped $16 to $591 in transferring 1,039 units, Jamaica Producers spiked 70 cents to $22.20 in switching ownership of 7,557 stock units. Jamaica Stock Exchange rallied 83 cents to $17.20 with the swapping of 48,002 shares, Key Insurance lost 20 cents in ending at $4.20 after an exchange of 18,976 stock units, Kingston Properties fell $1.25 to $9 with a transfer of 2,000 units. Kingston Wharves gained 50 cents to $48.50 with 2,000 stocks clearing the market, Mayberry Jamaican Equities lost 75 cents in closing at $8.60 with the swapping of 7,592 stock units, NCB Financial Group slipped 25 cents to $130 with 8,867 stocks changing hands. Palace Amusement dropped $84 to $950 in trading 30 shares, Portland JSX rose $1 to $8 in switching ownership of 1,754 stocks. Radio Jamaica popped 35 cents ending at a 52 weeks’ closing high of $4.65 after exchanging 1,362,141 shares. Sagicor Group rallied $4.60 to $56.60 in trading 160,355 stock units, Scotia Group shed 88 cents to $39.12 with 10,802 units crossing the exchange, Seprod shed $1 to $63 with the swapping of 4,784 stocks, Sygnus Credit Investments slipped 45 cents to $14.30, with 55,555 stock units crossing the market.
In the preference segment, JMMB Group 7.35% – 2028 lost 28 cents to end at $3 with an exchange of 351,177 stock units.

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