JSE Main Market closes mixed

Market activity on Tuesday closed mixed, with the volume of shares trading rising 97 percent and the value 27 percent higher than on Monday on the Jamaica Stock Exchange Main Market, but rising stocks were less than those declining at the close of the market, as the All Jamaican Composite Index dropped 871.55 points to 445,867.00, the JSE Main Index advanced 276.58 points to 403,527.57 and the JSE Financial Index added 0.25 points to 97.69.
Trading ended with 53 active securities compared to 46 on Monday, with 18 rising, 25 declining and ten ending unchanged. The PE Ratio, a measure used in computing appropriate stock values, averages 15.5. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasted by ICInsider.com for companies with financial years ending between now and August 2022.
Trading ended with 13,991,296 shares changing hands for $125,864,996 versus 7,105,920 units at $99,181,702 on Monday. Wigton Windfarm led trading with 25.3 percent of total volume for an exchange of 3.54 million shares, followed by Transjamaican Highway with 12.5 percent for 1.75 million units, Radio Jamaica controlled 11.5 percent, with 1.61 million units and Ciboney Group ended with 8.1 percent market share for 1.14 million units.
Trading averages 263,987 units at $2,374,811, compared to 154,477 shares at $2,156,124 on Monday and month to date, an average of 230,226 units at $2,561,837, versus 228,041 units at $2,573,940 on Monday. 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 two with lower offers.
At the close, Berger Paints rallied 33 cents to $14.83 with an exchange of 269 stock units, Caribbean Cement advanced $1.50 to $116 after clearing the market of 26,409 stocks. Caribbean Producers rose 50 cents in closing at $7.50 with 290,385 units changing hands, Ciboney Group spiked 21 cents to close at 84 cents in switching ownership of 1,136,330 stocks, Eppley gained 45 cents to end at $37 after swapping of 1,020 units. Eppley Caribbean Property Fund fell $1.99 to $40 in exchanging 1,234 shares, First Rock Capital lost 45 cents to finish at $11.90 after transferring 26,434 stock units, GraceKennedy shed 55 cents to close at $100 in trading 557,522 stocks. Jamaica Broilers declined $1.41 to $28.60 with 16,827 units crossing the exchange, Jamaica Producers popped 60 cents to $24 in switching ownership of 60,779 stock units, Jamaica Stock Exchange shed 60 cents to close at $17 in an exchange of 4,150 shares. JMMB Group slipped 35 cents to $37.90 in transferring 137,795 stocks, Kingston Wharves gained 25 cents in ending at $43.35 after trading 8,675 units, Margaritaville shed 59 cents to $14.30 with the swapping of 1,393 shares. Mayberry Investments gained 47 cents to $5.99 with an exchange of 27,102 stock units, NCB Financial fell $4.97 to $129.01 in switching ownership of 20,383 stocks, 1834 Investments lost 21 cents to settle at 77 cents after crossing the exchange with 490,379 shares, Palace Amusement dropped $9 to end at $1,015 with 21 shares clearing the market. PanJam Investment rallied 55 cents in closing at $64.55 with 2,116 stock units changing hands, Portland JSX popped 50 cents to $8 in trading 400 units, Proven Investments fell 45 cents to $33.02 after exchanging 931 stocks. Sagicor Group declined $1.57 to $51.40 with 2,912 units clearing the market, Scotia Group dipped 40 cents to $35.10 in exchanging 137,921 shares, Stanley Motta shed 95 cents to end at $4.95 after trading 500,000 stock units and Wisynco Group advanced $3.04 to end at 52 weeks’ high of $18.79 with the swapping of 619,145 shares.
In the preference segment, JMMB Group 7.25% rose 76 cents to end at 52 weeks’ high of $3.64 with 500 stocks changing hands.

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

About IC Insider.com