Decline for JSE Main market

Market activity ended on Tuesday, with the volume of shares trading declining 24 percent, but the value surged 38 percent higher than Monday on the Jamaica Stock Exchange Main Market as rising and falling stocks were close to evenly matched, but the market indices declined the close of trading.
The All Jamaican Composite Index dropped 1,389.99 points to settle at 432,905.41, the JSE Main Index fell 2,176.27 points to 385,233.79 and the JSE Financial Index shed 0.48 points to settle at 93.31.
Trading ended with 55 securities compared to 58 on Monday, with 20 rising, 22 declining and 13 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.1. The PE for the JSE Main and USD Market closing quotes is based on ICInsider.com earnings forecasts for companies with financial years ending to August 2022.
Overall, 41,007,581 shares were exchanged for $237,565,083 versus 54,167,221 units at $171,730,659 on Monday. JMMB Group 7.5% led trading with 23.07 million shares for 56.3 percent of total volume, followed by Wigton Windfarm with 10.01 million units for 24.4 percent of the day’s trade. Transjamaican Highway ended with 2.34 million units for 5.7 percent market share, Sagicor Select Financial Fund traded 1.12 million units in controlling 2.7 percent market share.
Trading averages 745,592 units at $4,319,365, compared to 933,918 shares at $2,960,873 on Monday and month to date, an average of 466,578 units at $5,868,903, compared to 446,751 units at $5,979,012 on the previous trading day. February closed with an average of 392,520 units at $3,199,976.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cement increased $1 in closing at $70 after trading 64,655 shares, Eppley Caribbean Property Fund rallied $2.70 to close at $40.70 while exchanging 527 stocks, First Rock Capital advanced 72 cents to end at $11.95 after exchanging 19,356 units. GraceKennedy fell 90 cents to $102.10, trading 47,982 stock units, Guardian Holdings rose $17 to $545 in exchanging 2,216 stocks, Jamaica Producers climbed $1.90 to $23.30 in switching ownership of 55,779 units. Jamaica Stock Exchange popped 30 cents in ending at $17 after trading 26,277 shares, Kingston Properties dropped 30 cents in closing at $8.20 with the swapping of 2,056 stock units, Kingston Wharves gained $1.95 to end at $41.95, with 39,663 units crossing the exchange. Massy Holdings shed $5 to close at $102 after an exchange of 30,158 stocks, Mayberry Investments declined 70 cents in closing at $6.37, with 84,530 stock units crossing the market, NCB Financial lost $3.69 to end at $112.02 in an exchange of 125,661 shares. PanJam Investment popped $1.90 to $67, with 23,987 stock units clearing the market, Proven Investments fell $1.90 to $34, with 71,350 stocks changing hands, Seprod shed $2.48 to close at $50.52 with an exchange of 13,472 shares. Supreme Ventures climbed 50 cents in closing at $18.50 after 390,090 units crossed the market, Sygnus Real Estate Finance declined $1.13 to $17 in exchanging 564 stock units and Wisynco Group rallied 75 cents to close at $19.75, trading 75,999 units.
In the preference segment, 138 Student Living Preference share rose 35 cents to $8.10, trading 636 shares and Jamaica Public Service 9.5% jumped $469.26 in ending at a record $3597.69 with an exchange of 11 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.