7 straight loss for JSE main market

The main market of the Jamaica Stock Exchange continued its negative move with 7 straight days of falling market index as the market posted modest losses on Tuesday on lower volume but higher value traded.
At the close, the JSE All Jamaican Composite Index shed 349.46 points to close at 537,160.54, the JSE Index dipped 200.00 points to 489,238.87 and the JSE Financial Index slipped 0.87 points to close at 133.08.
At the close of trading, 40 securities changed hands in the main and US dollar markets with 23 advancing, 10 declining and 7 stocks traded firm. Main market activity ended with 38 securities trading 36,170,897 units valued at $276,199,901, in contrast to 48,237,597 units at $136,439,498 on Monday with 35 securities trading.
Wigton Windfarm dominated trading with 25.2 million shares for 70 percent of total volume, followed by Sagicor Select Funds with 6.4 million units accounting for 18 percent of the day’s trade and PanJam Investment with 1.2 million shares for 3 percent market share.
The market closed with an average of 951,866 units valued at an average of $7,268,418 for each security traded, in contrast to 1,378,217 units valued at an average of $3,898,271 on Monday. The average volume and value for the month to date amounts to 967,004 units valued at $13,607,212 and previously an average of 961,280 units valued at $13,958,606 for each security traded. The market closed out September with an average of 1,585,081 units valued at $14,071,562 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 5 with lower offers. The PE ratio of the market ended at 16.5 with the main market ending at 17.2 times 2019 current year’s earnings.
In main market activity, Berger lost 50 cents to close at $18 with 11,728 shares changing hands, Eppley Caribbean Fund ended at $36, with gains of 99 cents while trading 400 stock units, Eppley dropped 50 cents to settle at $14.50, in swapping 1,670 stocks, Grace Kennedy climbed $1.67 exchanging 45,651 shares, to end the day at $68.47. Kingston Wharves closed $2.59 higher to $60, with just 1,140 shares changing hands, Mayberry Investments rose 34 cents to $7.90, with 6,488 shares crossing the exchange, MPC Caribbean Clean Energy jumped $21 in trading a mere 100 shares to end at a record $241, NCB Financial gained $1.99 to close at $202, in swapping 66,638 shares. PanJam Investment gained 50 cents to settle at $100 with 1,199,725 shares trading, Proven Investments traded 2,281 shares in falling $1.40 to end at $41, Pulse Investments closed 53 cents higher to $4.78, with 79,211 shares changing hands. Sagicor Group closed at $67, after gaining 75 cents with an exchange of 46,273 shares, Seprod advanced by $1.56, settling at $52.06, trading 13,584 units, Supreme Ventures closed at $25.99 as the price rose 84 cents, after exchanging 937,485 shares and Sygnus Credit Investments closed 60 cents higher, ending at $22 trading 43,447 shares.
Trading in the US dollar market ended with 717,516 units valued at over US$150,912 with the market index advancing 5.11 points to close at 199.93. Proven Investments rose 2 US cents trading 365,316 units to close at a 52 weeks’ high of 28 US cents and Sygnus Credit Investments exchanged 352,200 shares, falling 0.99 of a US cent to end at 13 US cents.