JSE Main Market gives up early gains

Market activity ended on Thursday with the majority of stocks declining, overpowering those that advanced, with the volume of shares traded marginally different than on Wednesday on the Jamaica Stock Exchange Main Market.
At the opening of the market, the All Jamaican Composite Index rose to 465,388.11 points, within 90 minutes of the market opening, but the market was unable to d onto the gains at the close. In the end, the All Jamaican Composite Index declined 463.58 points to 461,132.61, the JSE Main Index gained 74.68 points to end at 421,732.30 and the JSE Financial Index lost 0.05 points to 103.51.
Trading ended with 49 securities compared to 46 on Wednesday, with 12 stocks rising, 27 declining and 10 remaining unchanged. The PE Ratio, a measure that determines appropriate stock values, averages 16.3 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 6,485,437 shares trading for $73,527,010 versus 6,341,667 units at $102,594,305 on Wednesday. Transjamaican Highway led trading with 19.3 percent of the total of 1.25 million shares followed by Wigton Windfarm 17.6 percent, with 1.14 million units and Radio Jamaica 12.5 percent with 809,342 units.
Trading averaged 132,356 units at $1,500,551, compared to 137,862 shares at $2,230,311 on Wednesday. Trading month to date averages 138,207 units at $1,500,646, in contrast to 141,133units at $1,500,693 on Wednesday. July ended with an average of 322,932 units at $15,201,099.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Cement advanced $1.99 to $94.99 after exchanging 32,538 shares, Eppley fell $1.72 to $38.28 with an exchange of 39 stocks. Eppley Caribbean Property Fund shed 83 cents to close at $41.17 after 510 units crossed the market, GraceKennedy declined $4.25 to $97.75 with the swapping of 60,620 shares, Guardian Holdings climbed $10 to $640 with 92 stocks crossing the market. Jamaica Broilers slipped 30 cents to $36 in trading 6,251 shares, Jamaica Producers fell 50 cents to close at $23 with 1,752 stock units changing hands, JMMB Group gained 50 cents in closing at $37.50 with a transfer of 206,612 shares, Kingston Properties dipped 29 cents to $9.50 in exchanging 1,000 stock units. Kingston Wharves rose $1.24 to $49 in trading 823 stocks, Mayberry Investments popped 24 cents to $5.90, with 32,943 units crossing the market, Mayberry Jamaican Equities spiked 27 cents to $8.97 in transferring 4,486 stocks. NCB Financial shed $1 to $137.50 with an exchange of 34,163 units, Palace Amusement popped $22 to $1,062 after 7 stocks cleared the market, PanJam Investment dipped 95 cents to $63.05 with the swapping of 10,963 stock units. Proven Investments lost 34 cents to settle at $34.95 in switching ownership of 15,264 units, Pulse Investments dipped 26 cents to $3.75 in trading 261,984 stock units, Sagicor Group spiked 95 cents to end at $57.95 after exchanging 224,934 shares. Salada Foods lost 20 cents to close at $7.80 with 9,199 units clearing the market. Scotia Group declined $2.50 to $39.50 in trading 646,232 shares, Seprod fell $1 to $70 after an exchange of 3,401 stock units, Supreme Ventures shed 50 cents in closing at $20 with 76,037 stocks changing hands and Sygnus Credit Investments slipped 52 cents to $14.28 with 75,437 stock units crossing the market.

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