Jamaica Stock Exchange Main Market stocks rose in the morning session on Tuesday but pulled back later, to close, with modest losses in the market indices as declining stocks had the upper hand over gainers on a day when trading was moderate with just $70 million in value passing through the market.
At the close of the market, the JSE All Jamaican Composite Index declined by 421.48 points to 423,104.07, the JSE Market Index fell 411.64 points to 385,661.51 and the JSE Financial Index lost 0.57 points to close at 104.69.
The market closed with 42 securities changing hands in the Main and US dollar markets with prices of 13 stocks advancing, 20 declining and nine securities trading firm. The JSE Main Market activity ended with 39 securities accounting for 33,848,653 units valued at $70,459,639, in contrast to 32,486,595 units valued at $76,301,597 from 41 securities on Monday.
Trans Jamaican Highway led trading with 30.2 million shares for 89.3 percent of total volume followed by Trans Jamaican Highway US$ listed stock with 2.2 million units for the equivalent of 6.5 percent of the Main Market trade and Wigton Windfarm with 1.25 million units for 3.7 percent market share.
The Market closed with an average of 867,914 units valued $1,806,657 for each security traded, in contrast to 755,502 units valued at an average of $1,774,456 on Monday. The average volume and value for the month to date amount to 960,218 units valued at $3,728,658 for each security changing hands, compared to 966,799 units valued at $3,877,090 for each security traded. Trading in March resulted in an average of 1,146,245 units valued at $7,550,295 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ending with bids higher than their last selling prices and five stocks closing with lower offers. The PE ratio of the market ended at 14.1, while the Main Market ended at 14.4 times 2020/21 earnings.
In the Main Market, Eppley Caribbean Property Fund closed 81 cents lower to $34.19 after trading 1,000 units, First Rock Capital lost 32 cents exchanging 7,886 stock units to close at $10.68, Grace Kennedy gained 40 cents to end at $58, with a transfer of 16,746 shares. 
Jamaica Producers fell by $2.78 to $16.22, after swapping 200,696 shares, JMMB Group shed 46 cents to finish at $36.94, with 30,709 shares changing hands, MPC Caribbean Clean Energy dropped to $176, with a loss of $4.58 trading a mere 30 units. NCB Financial Group declined $1.99 to $153.01, in transferring 13,994 stock units, 138 Student Living picked up 30 cents exchanging 30,500 shares and closed at $7, PanJam Investment ended the day at $74.20, after losing $3.55 after swapping 8,643 stock units. Proven Investments closed $1.99 lower to $36.50, with a transfer of 1,404 units, Scotia Group gained 41 cents to finish at $45.42, with an exchange of 14,792 units, Seprod added $2 to close at $47.99, in trading 52,988 shares and Sygnus Credit Investments closed at $16, with a loss of $1 after exchanging 171,557 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.