JSE Main Market breaks losing streak

The 8 days fall in the Jamaica Stock Exchange Main Market index ended on Thursday, even with the volume of shares trading declining 63 percent and the value 53 percent lower than on Wednesday and declining to edge out those that rose.
The All Jamaican Composite Index advanced 304.56 points to 445,343.21, the JSE Main Index popped 571.83 points to 404,706.51 and the JSE Financial Index rose 0.41 points to end at 98.01.
A total of 49 securities traded versus 50 on Wednesday, with 17 rising, 19 declining and 13 ending unchanged.
The PE Ratio, a measure used in computing appropriate stock values, averages 15.4. The PE ratio of each stock is shown in the chart below and is based on earnings forecasted by ICInsider.com for reach company with the financial year ending up to July 2022.
Overall, 6,487,990 shares traded for $41,885,146 versus 17,325,332 units at $88,984,892 on Wednesday. Wigton Windfarm led trading with 26.4 percent of total volume for an exchange of 1.71 million shares followed by Pulse Investments with 12.6 percent or 816,668 units and Sterling Investments with 10.8 percent after trading 700,000 units.
Trading averages 132,408 units at $854,799, down from 346,507 shares at $1,779,698 on Wednesday and month to date, an average of 239,708 units at $3,047,095, compared to 251,039 units at $3,278,609 on Wednesday. September closed with an average of 335,669 units at $7,507,404.
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 popped $1.95 in closing at $97 and trading 35,395 shares, Caribbean Cement fell $2.90 to $118 with the swapping of 21,120 stock units, Eppley rose $1 to close at $37 with 500 stocks crossing the exchange. Eppley Caribbean Property Fund dropped $2.50 to $37 in trading 8,771 units, GraceKennedy popped $1.09 to end at $99 in exchanging 15,432 shares, Guardian Holdings declined $25 to end at $550 with 426 stock units clearing the market.  Jamaica Broilers gained 50 cents in closing at $30.50 in an exchange of 12,904 units, Jamaica Producers lost 30 cents to finish at $21.60 in trading 106,704 stocks, Kingston Wharves rose $1.90 to $45 with a transfer of 34,632 stock units. NCB Financial gained 50 cents to close at $126 in switching ownership of 36,740 shares, PanJam Investment shed 90 cents ending at $63.50 with 336 units crossing the market, Pulse Investments dipped 49 cents to end at $4.11 after crossing the market with 816,668 stock units. Sagicor Group declined $2.96 in closing at $51.03 with 43,264 units changing hands, Seprod advanced $4.20 to $62 in trading 32,062 shares and Sygnus Real Estate Finance rallied 50 cents to close at $18 with a transfer of 1,914 stocks.

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

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