JSE Main market drops

Jamaica Stock Exchange Main Market declined at the close of trading on Friday, with an increased volume of stocks trading, but at a lower value than on Thursday.
At the close, the JSE All Jamaican Composite Index declined 2,739.44 points to 414,030.14, the JSE Market Index dropped 2,589.23 points to 377,364.54 and the JSE Financial Index lost 0.66 points to 99.07.
The market closed with 47 securities changing hands in the Main and US dollar markets with prices of 20 stocks advancing, 16 declining and 11 securities trading firm. The JSE Main Market activity ended with 40 securities accounting for 19,035,180 units valued at $127,444,585, in contrast to 11,035,315 units valued $112,835,625 from 41 securities on Thursday.
Wigton Windfarm led trading with 9.9 million shares for 52 percent of total volume followed by Trans Jamaican Highway with 4.6 million units for 24 percent of the day’s trade and Sagicor Select Financial Fund with 1.4 million units for 7 percent market share.
The Market closed with an average of 475,880 units valued $3,186,115 for each security traded, in contrast to 269,154 units valued at an average of $2,752,088 on Thursday. The average volume and value for the month to date amount to 356,019 units valued at $2,925,515 for each security changing hands, compared to 348,777 units with an average of $2,908,729. Trading in April resulted in an average of 1,077,021 units valued at $3,829,201 for each security.
IC bid-offer Indicator At the end of trading, the Investor’s Choice bid-offer indicator reading shows eleven stocks ending with bids higher than their last selling prices and six stocks closing with lower offers. The PE ratio of the market ended at 14.5, while the Main Market ended at 14.8 times 2020-21 earnings.
In the Main Market, Barita Investments gained 50 cents trading 7,900 units to end at $51, Caribbean Cement fell $1.10 to $48.40, in exchanging 31,502 stock units, First Rock Capital shed 35 cents transferring 3,450 units to settle at $11.15. Jamaica Stock Exchange closed 47 cents lower to finish at $22.50, with 12,637 units changing hands, Key Insurance picked up 88 cents to end at $5.38, after swapping 6,354 units, Kingston Wharves dropped $1.25 to close at $57, after swapping 12,168 units. Mayberry Investments gained 40 cents to close at $6 after exchanging 114,835 shares, Mayberry Jamaican Equities picked up 60 cents to end at $10, with a transfer of 3,252 units, MPC Caribbean Clean Energy declined by $19 trading 511 units and closed at $151. NCB Financial Group advanced $8 to $148, with 494,118 shares changing hands, 138 Student Living closed 75 cents lower at $7, after swapping 88,036 stock units, Palace Amusement clawed back $200 to advance to $1,300, after trading 88 units. Proven Investments climbed $2 to finish at $36.50, with 11,045 units crossing the exchange, Sagicor Group traded 39,346 stock units at $45, after gaining 40 cents, Scotia Group advanced by $3 to $47, in transferring 155,397 shares. Seprod climbed $2 to $53 exchanging 19,307 units and Wisynco Group ended the day’s trade 32 cents lower at $17.58, in swapping 38,239 stock units.

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

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