JSE Main Market dips

The Jamaica Stock Exchange Main Market closed lower on Monday, with trading in 61 securities compared to 52 on Friday, and ended with 21 rising, 28 declining and 12 ending unchanged with the volume of stocks traded declining 75 percent, with 36 percent lower than on Friday.
Trading ended with 6,957,337 shares for $65,589,778 down from 27,446,351 units at $101,999,333 on Friday.
Trading on Monday averages 114,055 units at $1,075,242 compared with 527,814 shares at $1,961,526 on Friday. For the  month to date, trading averaged 496,646 shares at $2,412,737 down from 531,741 units at $2,535,424 on the previous trading day. November closed with an average of 202,406 units at $1,736,493.
Wigton Windfarm led trading with 2.37 million shares for 34.1 percent of total volume followed by Sagicor Select Financial Fund with 1.10 million units for 15.8 percent of the day’s trade and Transjamaican Highway with 829,965 units for 11.9 percent market share.
The All Jamaican Composite Index dropped 725.84 points to close at 379,557.67, the JSE Main Index dipped 107.55 points to 338,666.44 and the JSE Financial Index rallied 0.09 points to settle at 80.49.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.4 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments popped $1.28 in ending at $91.28 in an exchange of 4,615 shares, Caribbean Cement lost $3.97 to end at $57 after trading 1,954 stock units, Eppley gained $3.48 to $38.98 after five units passed through the market. First Rock Real Estate increased $1.48 in closing at $13.98 in switching ownership of 2,185 stocks, Guardian Holdings shed $65 to close at $510 with an exchange of 1,285 stock units, Jamaica Broilers fell $1.01 in closing at $30.99, with 118,084 shares clearing the market. Jamaica Producers rose 43 cents to $22.90 after an exchange of 5,699 units, JMMB Group rallied $1.34 to $32.34 after trading 64,210 stocks, MPC Caribbean Clean Energy declined $3 to close at $80 as investors exchanged 121 units. Palace Amusement advanced $70 to end at a 52 weeks’ closing high of $1,450 in exchanging 1,359 stock units, Proven Investments climbed $2.47 to $28.48 after 4,437 shares crossed the market, Sagicor Group dipped 50 cents in ending at $47.50 with the swapping of 14,639 stocks.  Supreme Ventures dropped 79 cents to close at $29.70 after a transfer of 4,485 stock units and Wisynco Group advanced 50 cents to $17 after finishing with an exchange of 23,145 shares.
In the preference segment, Eppley 5% preference share dropped $1.45 to end at $21.03 with investors transferring 44 units and Productive Business Solutions 9.75% preference share declined $18 ending at $102 while exchanging 350 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.