JSE Main Market drops

The Jamaica Stock Exchange Main Market ended trading on Thursday with more stocks declining than rising after an exchange of 66 percent fewer shares than on Wednesday.
At the close, the All Jamaican Composite Index dropped 2,341.04 points to 408,471.68, the Main Index fell 2,030.19 points to 372,567.86 and the JSE Financial Index lost 0.60 points to settle at 98.62.
Trading ended with 41 securities changing hands compared to 45 on Wednesday and closed with the prices of 14 stocks rising, 16  declining and 11 remaining unchanged.
The average PE Ratio ended at 15.5 based on the IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 11,653,516 shares for $352,808,782 compared to  34,264,220 units at $1,811,637,449 on Wednesday. Scotia Group led trading by 24.9 percent of total volume, with 2.91 million shares, followed by Grace Kennedy with 17.2 percent or 2.01 million units, Wigton Windfarm with 10.5 percent market share or 1.23 million units and Transjamaican Highway, with 9.3 percent after closing with 1.08 million units changing hands.
Trading ended with an average of 284,232 units changing hands at $8,605,092 for each traded security compared to an average of 761,427 shares at $40,258,610 on Wednesday. The average trade for the month to date ended at 316,587  units at $6,160,243 for each security, in contrast to 319,665 units at $5,927,670. Trading month to date compares well to September’s average of 265,170 units at $3,271,625.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows 12 stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of the market, Barita Investments gained 30 cents to settle at $92.50, after crossing the exchange with 88,414 shares, Berger Paints closed at $11.50, with gains of 39 cents in exchanging 2,556 units, Eppley Caribbean Property Fund advanced $6.35 to $49.50, in trading 5,305 units. First Rock Capital ended 30 cents higher at $12.80, in transferring 7,155 units, Jamaica Broilers Group declined by $2.10 to settle at $25.10, with investors swapping 7,974 units, Jamaica Producers rose 80 cents to end at $20, with 25,763 stock units crossing the exchange. Key Insurance shed 80 cents in closing at $8.80, trading 31,534 shares, Kingston Wharves gained 43 cents to finish at $45, in transferring 276 units, NCB Financial climbed $1.50 to settle at $137, with 40,366 shares changing hands. Proven Investments fell $1.55 to end at $38.60 trading 923 units, Sagicor Group  declined $1.52 to settle at $44.20, with 23,010 stock units crossing the exchange, Seprod closed 98 cents higher to $56.98 after 43,168 shares passed through the market. Supreme Ventures ended with gains of 67 cents as investors switched ownership of 11,609 stock units, Sygnus Credit Investments shed $1 to end at $18, in exchanging 9,992 units, Victoria Mutual Investments lost 65 cents to settle at $5.54, with 33,186 stock units changing hands and Wisynco Group gained 49 cents to end at $16.50 trading 13,586 stock units.

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

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