Market activity ended on Thursday with the money entering the more than doubling trading on Wednesday on the Jamaica Stock Exchange Main Market and ended with a sharp fall in the market with the All Jamaican Composite Index plunging 6,554.82 points to 436,610.31, the JSE Main Index dived 5,492.32 points to 395,073.35 and the JSE Financial Index fell 1.42 points to end at 97.49.
Fifty securities traded, compared to 49 on Wednesday, with 15 rising, 22 declining and 13 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16. The PE ratio for the JSE Main and USD Market closing quotes are computed based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
A total of 12,654,913 shares changing hands for $92,312,652 versus 11,360,273 units at $45,708,326 on Wednesday. Sagicor Select Financial Fund led trading with 26.4 percent of total volume with a transfer of 3.34 million shares followed by Wigton Windfarm with 22.3 percent after trading 2.82 million units, JMMB Group 7.5% preference share accounted for 12.7 percent with 1.61 million and JMMB Group 7.35% – 2028 preference share contributed 9.5 percent after trading 1.21 million units.
Trading averages 253,098 units at $1,846,253, up from 231,842 shares at $932,823 on Wednesday and month to date, an average of 165,227 units at $1,191,542, compared to 154,766 units at $1,113,600 on the previous day. December closed with an average of 479,143 units at $6,686,322.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments lost 42 cents to end at $95.50 in exchanging 10,909 shares, Berger Paints shed 49 cents in closing at $12.50 with a transfer of 10,109 stock units, Caribbean Producers popped 91 cents to close at a 52 weeks’ high of $16.30 in trading 338,318 units. Eppley Caribbean Property Fund declined $7.49 to close at $36.31 in switching ownership of 4,500 stocks, GraceKennedy fell 61 cents to $98.89 after 129,890 units crossed the market, Guardian Holdings dropped $18 to end at $512 with the swapping of 4,265 shares. Jamaica Stock Exchange shed 50 cents to finish at $16.50 with 74,726 stock units changing hands, JMMB Group lost 35 cents to close at $38.15 with an exchange of 97,814 stocks, Kingston Properties fell 71 cents to $9 in switching ownership of 382 stock units. Margaritaville rose $2.10 to $16.80 in trading 450 stocks, MPC Caribbean Clean Energy declined $3 to a 52 weeks’ low of $97 with the swapping of 696 shares, NCB Financial shed $1.50 to end at $127 with 44,195 units crossing the market. Palace Amusement climbed $95 to close at $995 in exchanging 59 stock units, PanJam Investment fell $1.20 to $64.80 after 4,950 stocks cleared the market, Sagicor Group declined $5.46 in closing at $51.51 and switching ownership of 13,479 shares.
Scotia Group fell $1.15 to $36.34 after exchanging 19,909 units and Seprod gained 90 cents to settle at $63 in an exchange of 110,300 units.
In the preference segment, Productive Business Solutions 9.75% preference share spiked $4 to end at $108 in switching ownership of 758 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
