JSE main market falls again

The main market of the Jamaica Stock Exchange declined for the third straight day on Thursday, with The JSE All Jamaican Composite Index declining 2,089.20 points to 545,53064, the JSE Index losing 1,893.04 points to 496,642.34 while the JSE Financial Index lost 0.60 points to close at 135.49.
At the close of trading, 35 securities changed hands in the main and US dollar markets with 10 advancing, 17 declining and 8 traded firm. Main market activity ended with 20,774,565 units valued at $56,322,324, in contrast to 21,914,251 units valued at $146,471,455 on Wednesday.
Sagicor Select Funds dominated trading with 13 million shares for 63 percent of total volume, followed by Radio Jamaica with 3.1 million units accounting for 15 percent of the day’s trade and Wigton Windfarm with 3 million shares for 14 percent of the market’s trade.
The market closed with an average of 649,205 units at $1,760,073 for each security traded, in contrast to 626,121 units valued at an average of $4,184,899 on Wednesday. The average volume and value for the month to date amounts to 894,072 units valued at $13,071,739 and previously an average of 907,175 units valued at $13,714,670 for each security traded. The market closed out September with an average of 1,585,081 units valued at $14,071,562 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 15 stocks ended with bids higher than their last selling prices and 6 with lower offers. The PE ratio of the market ended at 16.4 with the main market ending at 17 times 2019 current year’s earnings.
In main market activity, Barita dropped $2.75 to settle at $75.49 with 76,433 units traded, Berger gained 50 cents to close at $18.50 with 1,450 shares changing hands, Grace Kennedy closed $2.25 lower, ending at $66.10 while trading 3,056 shares, Jamaica Broilers traded 34,924 shares, after losing 89 cents to close at $33.10. Jamaica Producers advanced $1.49, in settling at $23 with an exchange of 50,687 shares, Jamaica Stock Exchange gained 41 cents to close at $28.41 in swapping 7,347 shares. Kingston Wharves closed $1.47 higher to $62, after trading 5,196 shares, Mayberry Investments lost 48 cents trading 13,500 shares to end at $7.50, PanJam Investment ended the day’s trade at $99.50, after losing 50 cents exchanging 26,244 shares, Proven Investments closed at $41, with gains of 50 cents trading 6,351 shares. Sagicor Group lost $1 to close at $66, with 46,361 shares changing hands, Salada Foods fell by $1.95 to settle at $26.05 with 24,374 shares traded. Scotia Group closed $1 lower to $55 with trades of 24,800 shares, Seprod declined by $2.30 to settle at $51.52 with 15,580 units changing hands and Sygnus Credit Investments lost 45 cents, after trading 14,600 to close at $21.55.
Trading in the US dollar market ended with 199,584 units valued at over US$43,703 with the market index losing 2.66 points to close at 194.12. At the close of the market, Proven Investments traded 132,600 units to close at 27 US cents, Sygnus Credit Investments exchanged 62,899 shares to end at 12 US cents, after losing 2 US cents and Sterling Investments settled at 2.7 US cents, in swapping 4,085 units after falling 0.3 of a cent.