4th day of JSE Main Market decline

In Monday’s trading, the Jamaica Stock Exchange suffered a fourth day of decline since last week, with the previous two being moderate compared to the previous two. The prices, stocks last traded at, outnumbered those rising, by a slight margin.
At the close, the JSE All Jamaican Composite Index declined by 2,223.70 points to 423,525.55, the JSE Market Index fell by 1,987.23 points to 386,073.15 and the JSE Financial Index lost 0.49 points to 105.26.
The market closed with 48 securities changing hands in the Main and US dollar markets with prices of 19 stocks advancing, 16 declining and 13 securities trading firm. The JSE Main Market activity ended with 43 securities accounting for 32,486,595 units valued at $76,301,597, in contrast to 22,927,942 units valued at $296,270,700 from 41 securities on Friday.
QWI Investments led trading with 25.5 million shares for 78.3 percent of total volume followed Wigton Windfarm with 2.5 million units for 7.6 percent of the day’s trade and Trans Jamaican Highway with 1.6 million units for 4.8 percent of the market’s volume.
The Market closed with an average of 755,502 units valued at $1,774,456 for each security traded, in contrast to 559,218 units valued at an average of $2,187,500 on Friday. The average volume and value for the month to date amount to 966,799 units valued at $3,877,090 for each security changing hands, compared to 984,827 units valued at $4,072,790 for each security traded. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows six stocks ending with bids higher than their last selling prices and three stocks closing with lower offers. The PE ratio of the market ended at 14.2, while the Main Market ended at 14.6 times 2020/21 earnings.
In the Main Market, Caribbean Cement declined $1.40 to $47.10, with an exchange of 60,519 shares, Carreras gained 69 cents to finish at $6.75, in trading 149,551 shares, Eppley climbed $2.20 to $17, with a transfer of 500 units. Eppley Caribbean Property Fund ended at $35, with gains of $1, in the swapping of 510 units, First Rock Capital picked up 32 cents transferring 13,613 stock units and closed at $11, Jamaica Stock Exchange finished at $21.01, with a loss of $1.90 after exchanging 14,001 stock units. JMMB Group rose 40 cents to close at $37.40, in trading 14,104 stock units, 138 Student Living ended at $6.70, after a losing 30 cents swapping 1,276 units, PanJam Investment rose $1.75 to $77.75, with 126,281 shares changing hands. Proven Investments added 39 cents to finish at $38.49, with a transfer of 2,300 units, Sagicor Group closed at $50, after picking up $1 trading 39,750 shares, Salada Foods gained $1 swapping only I unit at $29. Scotia Group shed 80 cents to finish at $45.01, with an exchange of 61,455 shares, Seprod rose 99 cents to $45.99 trading 5,496 units, Supreme Ventures lost 48 cents transferring 509,318 shares to end at $15. Sygnus Credit Investments closed at $17, with gains of $2 swapping 24,526 stock units and Wisynco Group climbed $2.80 to $18.80, ending with 348,655 shares changing hands.

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

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