JSE Main Market falls – Tuesday

Trading on the Jamaica Stock Exchange on Tuesday led to an almost equal number of securities rising and declining, but with a substantial fall in volume and values of stocks crossing the market and declines in the two Main Market indices.
At the close, JSE All Jamaican Composite Index dropped 1,431.70 points to close at 553,153.41, the JSE Market Index declined by 1,368.17 points to 503,424.21 and the JSE Financial Index inched 0.58 points higher to 137.25.
The market closed with 39 securities changing hands in the main and US dollar markets with 14 advancing, 16 declining and the prices of 9 stocks closed unchanged. JSE Main Market activity ended with 37 securities accounting for 15,225,126 units valued $142,466,453, in contrast to 23,258,908 units at $2,096,079,296 on Monday, from 39 securities.
Wigton Windfarm dominated trading with 6.5 million shares accounting for 43 percent of volume traded, followed by Sagicor Select Funds – Financial stocks with 4 million units for 26 percent of the day’s trade and QWI Investments with 690,754 shares for 4.5 percent market share.
The market closed with an average of 411,490 units for $3,850,445 for each security traded, in contrast to 596,382 units, for an average of $53,745,623 on Monday. The average volume and value for the month to date amounts to 464,870 units for $10,941,397 and previously, an average of 469,338 units for $11,590,816 for each security changing hands. The market closed out November with an average of 653,621 units valued at $8,699,916 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows eight stocks ending with bids higher than their last selling prices and three closed with lower offers. The PE ratio of the market ended at 19.1, with the Main Market ending at 18.6 times the current year’s earnings.
In the premier market, Barita Investments lost 50 cents to settle at $71.50 with 8,320 shares changing hands, Caribbean Cement jumped $3 to end at $77, with 43,375 units crossing the exchange, Eppley Caribbean Fund dropped 50 cents to settle at a 52 weeks’ low of $30 with 16,538 shares changing hands. Grace Kennedy gained $1 to end at $69, trading 5,132 shares, Jamaica Broilers climbed $1 to settle at $41 with 527,466 shares changing hands, Jamaica Producers exchanged 15,353 stock units and gained $1.35 to end at $24.85 with. Kingston Wharves lost $1.75 to settle at $61, in exchanging 2,762 units, Mayberry Investments climbed 87 cents to settle at $9.17 with 388 shares changing hands, Mayberry Jamaican Equities gained $1 to end at $13 with 115,580 stock units trading, NCB Financial Group lost $2 to close at $201, in swapping shares, 95,644 shares, PanJam Investment fell $1.99 to end at $100, with 55,839 shares crossing the exchange. Proven Investments jumped $2.15 in trading 1,326 to close at a 52 weeks’ high of $50, Sagicor Group gained $2.01 to end at $70, trading 134,893 shares, Sagicor Real Estate Fund exchanged 74,773 after declining 51 cents to end at $10. Scotia Group dropped $1.49 to settle at $54, in transferring 45,530 shares, Seprod shed $1.45 in trading 22,564 stock units to close at $49. Supreme Ventures lost 55 cents to close at $25.01, with 119,205 units crossing the market and Wisynco Group fell 48 cents to $23.02, with 553,635 shares changing hands.
Trading in the US dollar market closed with 223,174 units valued at US$135,657 with the market index adding 5.09 points to close at 222.51. Proven Investments gained 2 cents in trading 280,559 shares to close at 34 US cents and Sygnus Credit Investments in exchanging 1,289,640 shares fell by a cent at 14 US cents.