Falling stocks crushed winners on JSE Main Market

Declining stock dominated Main Market activity on Tuesday with 47 percent of stock losing value at the close compared to 28 percent rising as the volume of shares traded rising 61 percent and the value increasing 66 percent higher than on Monday at the close of the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index dropped 1,076.57 points to end at 452,663.17, the JSE Main Index rose 313.73 points to 401,355.48 and the JSE Financial Index rallied 0.36 points to end at 97.16.
Overall, 57 securities traded against 58 on Monday, with 16 rising, 27 declining and 14 ending unchanged.
The PE Ratio, a formula used in computing appropriate stock values, averages 17. 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, 25,075,120 shares were exchanged for $212,434,651 up from 15,556,075 units at $127,688,648 on Monday. Wigton Windfarm led trading with 50.4 percent of total volume for 12.64 million shares followed by Transjamaican Highway with 10.8 percent for 2.72 million units, QWI Investments controlled 6 percent, with 1.49 million units, JMMB Group accounted for 5 percent with 1.26 million units and Sagicor Select Financial Fund with 4.7 percent and 1.17 million units changing hands.
Trading averages 439,914 units at $3,726,924 compared to 268,208 shares $2,201,528 on Monday and month to date, an average of 291,484 units at $2,965,891, compared to 276,821 units at $2,890,711 on the previous day. January closed with an average of 235,328 units at $2,397,571.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments lost 34 cents to end at $91.16 with the swapping of 6,218 stocks, Berger Paints shed 50 cents after ending at $12.50 with an exchange of 5,080 units, Caribbean Cement declined $2.20 to $83 after trading 19,752 stock units. Caribbean Producers fell $1.69 to $16.50 in an exchange of 369,759 shares, Eppley rose $1 to $35 after 4,013 stocks changed hands, Eppley Caribbean Property Fund declined $2.50 to $38.50 in trading 723 stock units. Guardian Holdings dropped $18 in closing at $561 after ownership of 563 shares were switched, Jamaica Producers fell $1.25 to $22.25 in exchanging 51,253 stock units, JMMB Group dropped $1.39 to close at $43.11 with the swapping of 1,263,399 shares. Key Insurance advanced $1.11 to $5.21 after trading 759,230 units, Massy Holdings climbed $90 in closing at $2,200 after exchanging 8,223 stocks, MPC Caribbean Clean Energy rallied $4 to end at $119 in transferring 6 stocks. 138 Student Living rose 90 cents to close at $8.20 with 14,854 shares crossing the market, Palace Amusement popped $50 to close at $950 in switching ownership of 80 units, PanJam Investment shed 80 cents to $65.20 with 250,409 stock units clearing the market. Radio Jamaica lost 44 cents to end at $3.26 in trading 286,351 shares, Sagicor Group declined $4.09 to $53.54 with 37,381 units crossing the market, Scotia Group shed 75 cents to close at $36 with 9,498 shares changing hands. Seprod gained 49 cents in closing at $61.50 after switching ownership of 4,485 stocks, Stanley Motta lost 52 cents to settle at $5.46 after exchanging 1,310 stock units and Sygnus Real Estate Finance fell 97 cents to $17 in trading 5,836 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.