Down day for JSE Main Market

Market activity ended on Wednesday with the volume of shares declining 14 percent with the value a shade lower than on Tuesday at the close of the Jamaica Stock Exchange Main Market as rising stocks beat out those declining, but that failed to prevent the market indices from falling.
The All Jamaican Composite Index fell 2,070.35 points to 443,955.09, the JSE Main Index dropped 3,606.20 points to 395,447.71 as Massy Holdings dipped to a low during the day since listing last week and the JSE Financial Index shed 1.19 points to end at 96.63.
Trading ended with 57 securities similar to Tuesday, with 23 rising, 21 declining and 13 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.6 The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
Overall, 14,616,612 shares were exchanged for $163,291,537 versus 16,926,745 units at $164,291,275 on Tuesday. Wigton Windfarm led trading with 30.4 percent of total volume for an exchange of 4.44 million shares followed by Sagicor Select Financial Fund, 16.7 percent with 2.45 million units, Transjamaican Highway, 10.8 percent with 1.58 million stock units, Caribbean Producers, 10.6 percent after an exchange of 1.55 million shares and QWI Investments with 7.5 percent after trading 1.09 million units.
Trading averaged 256,432 units at $2,864,764, compared to 296,960 shares at $2,882,305 on Tuesday and month to date, an average of 276,696 units at $2,873,533. January closed with an average of 235,328 units at $2,397,571.
Investor’s Choice bid-offer indicator shows 8 stocks ended with bids higher than their last selling prices and two with lower offers.
In trading, Barita Investments lost 49 cents to finish at $93 in exchanging 13,158 shares, Berger Paints slipped 50 cents to $12.50 with a transfer of 24,808 units, Caribbean Producers fell $3.72 to $20 with 1,547,894 stocks clearing the market. Eppley Caribbean Property Fund advanced $5.15 to $42.99 after trading 454 stock units, First Rock Capital gained 35 cents in closing at $12.15 with 23,437 units changing hands, GraceKennedy declined $1.95 to close at $101.50 with an exchange of 125,259 stock units. Guardian Holdings climbed $29 to $560 after exchanging 221 shares, Jamaica Stock Exchange fell 90 cents to $17 in switching ownership of 7,610 stocks, JMMB Group rose 61 cents to end at $41.90 with the swapping of 121,622 stock units. Kingston Wharves gained 45 cents in ending at $41.45 after 19,723 shares crossed the market, Massy Holdings popped $51 to close at $2,200 in exchanging 13,779 stocks after hitting a slow of $2,050 since listing last week, Mayberry Investments fell $1.94 to $5.56 in switching ownership of 35,359 units. Mayberry Jamaican Equities lost 48 cents in ending at $8.52 with 39,274 stock units changing hands, Palace Amusement shed $20.52 in closing at $929.48 with the swapping of 29 stocks, PanJam Investment rallied 50 cents to $65.50 in transferring 3,393 shares. Proven Investments popped 99 cents to settle at $33 after 9,405 units crossed the market, Sagicor Group fell $1.45 to $51.75 in an exchange of 38,073 stocks, Scotia Group rallied 50 cents in closing at $35.50 trading 439,789 shares. Stanley Motta rose 83 cents to close at $5.83 with 695 stocks changing hands, Supreme Ventures gained 50 cents to finish at $18 with the swapping of 146,271 stock units, Sygnus Credit Investments lost 30 cents to end at $14.70 with 297,540 stock units crossing the market and Sygnus Real Estate Finance rose 95 cents to close at $17 in exchanging 3,511 shares.
In the preference segment, Eppley 7.50% preference share rose 60 cents to $6.60 with 200 stock units changing hands and JMMB Group 7.25% gained 32 cents after ending at $3.51 with 530 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.