Trading in Sygnus Real Estate Finance shares commenced on Tuesday after the company’s initial public offer was coolly received by the investing public and traded 12,000 stock units at the IPO price of $19.20. Elsewhere Market activity ended with the volume and the value of stocks tracking close to trading on Monday at the close of the Jamaica Stock Exchange Main Market as the market indices slipped at the close.
The All Jamaican Composite Index shed 546.04 points to end at 451,893.58, the Main Index declined 527.95 points to 410,679.73 and the JSE Financial Index fell 0.19 points to 99.20.
A total of 55 securities traded compared to 51 on Monday, with 16 rising, 19 declining and 20 ending firm.
The PE Ratio, a measure used in computing appropriate stock values, averages 15.8 based on ICInsider.com’s forecast of 2021-22 earnings.
Trading amassed 11,674,398 shares for $83,242,103 versus 11,193,417 units at $94,709,427 on Monday. QWI Investments led trading with 15.8 percent of total volume after trading 1.84 million shares followed by Ciboney Group 12.5 percent, with 1.45 million units, Wigton Windfarm traded 11.1 percent with 1.29 million units, Sagicor Select Financial Fund accounted for 11 percent with 1.28 million units, Sagicor Select Manufacturing & Distribution Fund ended with 10.4 percent after an exchange of 1.21 million units and Transjamaican Highway 9.7 percent with 1.13 million units.
Trading averages 212,262 units at $1,513,493, compared to 219,479 shares at $1,857,048 on Monday and month to date, an average of 245,350 units at $4,624,261 compared to 263,019 units at $6,285,351 on Monday. 
September closed with an average of 335,669 units at $7,507,338.
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 shed $1.05 to end at $99.96 in switching ownership of 456,340 shares, Caribbean Cement advanced $3 to $118 with 18,775 stocks crossing the exchange. Caribbean Producers gained 56 cents in closing at $5.95 with the swapping of 447,387 stock units, as investors responded to a near US$2 million profit in the company’s fourth quarter and suggesting record profits for the 2022 fiscal year. Eppley declined $4.44 to $33.06 in trading 1,439 units, First Rock Capital rose 70 cents to $13 with 8,873 stocks changing hands, Guardian Holdings shed $1 in ending at $579 in an exchange of one stock unit. Jamaica Broilers fell 50 cents to $30.50 in trading 13,368 shares, Jamaica Producers slipped 50 cents to $22 after transferring 54,134 stocks, Kingston Properties popped $1 to $10 in switching ownership of 500 shares. Mayberry Investments lost 29 cents to end at $5.51 after trading 90,670 stocks, Palace Amusement spiked $124 to $1,024 with one stock unit crossing the market,
Portland JSX fell $2.05 in closing at a 52 weeks’ low of $6.95 with an exchange of 555 units. Proven Investments dipped 75 cents to $33 after 4,667 stock units cleared the market, Pulse Investments rallied 27 cents to $5.10 with the swapping of 917,170 stocks, Sagicor Group slipped $1 to $55 in transferring 20,259 shares and Scotia Group lost 48 cents to end at $38.50 in exchanging 12,027 units.
In the preference segment, JMMB Group 7.35% share due 2028, gained 30 cents to close at $3.50 with 5,728 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
