6,000 points JSE all Jamaica Index slash

The Main Market of the Jamaica Stock Exchange declined sharply at the close of trading on Tuesday, knocking over 6,000 points from the market, as one stock each closed at a 52 weeks’ high and low.
At the close, the JSE All Jamaican Composite Index dropped 6,294.13 points to close at 541,646.77, the JSE Market Index dived 5,702.93 points to 493,316.21 and the JSE Financial Index lost 1.10 points to 134.52.
The market closed with 45 securities changing hands in the Main and US dollar markets with the prices of 10 advancing, 24 declining and 5 trading firm. The JSE Main Market activity ended with 37 securities accounting 59,431,667 units valued at $248,389,025 in contrast to 36,855,891 units valued at $103,713,861 from 42 securities on Monday.
Sagicor Select Financial Fund dominated trading with 40.9 million shares, for 69 percent of total volume. Wigton Windfarm followed with 8.9 million units for 15 percent of the day’s trade and QWI Investments with 2.1 million shares for 3.6 percent of the market’s volume as it closed at an all-time low of 89 cents. Stocks trading more than one million units were Carreras with 1 million shares, Grace Kennedy with 1 million, JMMB Group with 1.5 million and Sagicor Select Manufacturing and Distribution Fund with 1.9 million.
The Market closed with an average of 1,606,261 units valued at an average of $6,713,217 for each security traded, in contrast to 877,521 units valued at an average of $2,469,378 on Monday. The average volume and value for the month to date amounts to 626,463 units valued at $3,287,493 for each security changing hands, compared to 579,074 units valued at $3,112,683 for each security traded. Trading in December resulted in an average of 595,143 units valued at $9,344,514 for each security.
 IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows ten stocks ending with bids higher than their last selling prices and two closing with lower offers. The PE ratio of the market ended at 19.6, while the Main Market ended at 18.9 times the 2019 earnings.
In the prime market, Barita Investments lost 50 cents to close at $70.50 after trading 14,125 units, Carreras dropped 64 cents lower to a 52 weeks’ low of $7.50, with an exchange of 1,016,361 shares, Grace Kennedy tumbled $7.50 to $70, in swapping 1,003,358 shares. Jamaica Broilers closed $2 lower to $35 after transferring 141,357 shares, Jamaica Producers dropped $1.01 to end at $25, with 42,437 units changing hands. JMMB Group lost 50 cents, trading 1,464,220 shares to close at $47. Kingston Wharves climbed $5 to $66, in swapping 2,745 units, Mayberry Jamaican Equities ended at $11.50, after losing 40 cents and transferring 1,252 units. MPC Caribbean Clean Energy lost $1 to settle at $230, with and exchange of 230 units, NCB Financial Group, lost $3.60 and ended at $185.90 after trading 31,257 shares. PanJam Investment gained $1 to end at $102, with 33,318 units changing hands, Portland JSX added 50 cents to finish at a 52 weeks’ high of $9.50, in swapping 23,255 units, Proven Investments closed $1 higher to $49, in an exchange of 3,299 shares, Sagicor Group lost 99 cents to close at $70 trading 145,285 shares. Scotia Group settled at $56.10, after losing 88 cents in exchanging 16,726 shares, Seprod dropped $3 trading 4,200 shares and ended at $46, Supreme Ventures closed $1.99 lower to $21.01, with 81,460 units changing hands. Sygnus Credit Investments lost $1.50 to close at $25, in transferring 62,072 shares, Victoria Mutual Investments ended $1.29 lower to $11.52, trading 414,870 units and Wisynco Group gained 85 cents, after swapping 457,653 shares and closed at $21.85.
Trading in the US dollar market ended with 135,360 units valued at over US$42,019. The market index nosedived 11 points to close at 230.50 with Margaritaville trading 4,700 units to close at 32 US cents, after gaining half of 1 US cent and Proven Investments losing 3 US cents to settle at 31 US cents, with 130,660 units changing hands.