Big drop for JSE Main Market

Prices mostly tumbled on Monday leaving a big dent in the main indices on the Jamaica Stock Exchange Main Market after an exchange of 192 percent more shares than on Friday, powered a 33 percent increase in value.
At the close, the All Jamaican Composite Index dropped 4,370.75 points to 418,611.51, the Main Index fell by 3,942.49 points to 381,917.10 and the JSE Financial Index lost 0.93 points to settle at 97.70.
Trading ended with 48 securities changing hands up from 42 on Friday and closed with prices of 18 stocks rising, 22 declining and eight remaining unchanged. The PE Ratio closed with an average of 16.6 based on’s forecast of 2020-21 earnings.
The market closed with 32,802,782 shares traded for $83,157,379 versus 11,202,034 units at $62,395,199  on Friday.
Wigton Windfarm dominated trading by controlling 71 percent of total volume, with 23.3 million shares followed by Transjamaican Highway with 13.5 percent for 4.4 million units and Pulse Investments with 3.7 percent market share for 1.2 million units.
Trading averaged 683,391 units at $1,732,445, compared to 266,715 shares at $1,485,600 on Friday. The month to date averaged 333,020 units at $1,215,624 up from 307,577 units at $1,178,094 previously. Trading in December averaged 455,206 units at $7,774,631.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Barita Investments fell 68 cents to $82.30, in trading 28,120 shares, Berger Paints added 50 cents to end at $13.50, with 962 units changing hands, Eppley climbed $1.69 to $23.70, with a transfer of 563 stock units. Jamaica Broilers fell 95 cents to $28.05, with the swapping of 22,447 stocks, JMMB Group finished at $31.96, after losing $1.04 trading 25,183 shares, Kingston Wharves dropped $4.98 in closing at $44, with 89,700 stock units crossing the market. Mayberry Jamaican Equities picked up 33 cents to settle at $6.33, after exchanging 34,282 shares, MPC Caribbean Clean Energy rose $4.99 to $142, with the trading of just one unit, NCB Financial fell $1.50 to $137.50, in an exchange of 101,228 shares. Palace Amusement advanced by $214 to $1,215 after 3 stock units changed hands, Pan Jam Investment lost $3 to end at $65.50, with a transfer of 31,652 stock units, Sagicor Group slid $2.34 to $46.65, with investors switching ownership of 293,733 units. Sagicor Real Estate Fund shed 70 cents to settle at $8.25 trading 4,399 stock units, Salada Foods rose $1 to close at $36, in an exchange of 84 shares, Supreme Ventures shed 65 cents to $16.80, with 15,186 stocks crossing the market. Sygnus Credit Investments slipped 49 cents to $17.90 after transferring 18,380 stock units and Wisynco Group lost 33 cents in closing at $16 trading 84,310 shares.
In the preference segment, Eppley 8.25% rose 58 cents to close at $6.58, in exchanging 1,594 stocks.

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

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