JSE Main Market pulls back

Following substantial gains to close out June, the Jamaica Stock Exchange Main Market pulled back some of those gains as prices of several stocks gave up some of the increases of the previous day. Beating the negative trend were Barita Investments and Pulse Investments as they continued to move higher.
At the close, the All Jamaican Composite Index declined 1,615.74  points to 419,119.81. The Main Index dropped 1,541.69 points to 382,214.11 and the JSE Financial Index lost 0.67 points to 99.04. The average PE Ratio of Main Market ended at 15.1 based on IC Insider.com’s forecasted 2020-21 earnings.
Trading ended with 42 securities changing hands with the prices of 12 stocks rising, 24 declining and 6 remained unchanged. The market closed with an exchange of 19,356,583 shares accounting for $59,986,491 compared to 68,236,614 units at $488,624,865 on Tuesday.
TransJamaican Highway led trading with 5.95 million shares for 30.8 percent of total volume, followed by Wigton Windfarm with 4.94 million units for 25.5 percent of the day’s trades and Pulse Investments with 4.26 million units for 22 percent market share. Carreras was the only other stock trading over a million shares, ending with 1.53 million units changing hands.
The average trade for Wednesday ended at 460,871 units at $1,428,250 in contrast to an average of 1,586,898 valued at $11,363,369 on Tuesday. June closed with an average of 818,748 units at $7,498,308 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Main market shows 12 stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Barita Investments gained $1 to settle at $62, after swapping 4,526 units, Berger Paints dropped $1 to close at $13, in trading 847 shares, Caribbean Cement lost 50 cents to end at $49 exchanging 2,301 stock units. Eppley Caribbean Property Fund ended 93 cents higher at $42.93, with investors transferring 2,100 units, First Rock Capital shed 50 cents to finish at $14, with an exchange of 500 shares, Jamaica Broilers fell $1.01 to settle at $27.99, with 7,572 units changing hands. Jamaica Producers lost 75 cents to end at $24.15 exchanging 7,026 stock units, JMMB Group closed $1.30 lower at $31, after investors swapped 72,183 shares, Kingston Properties ended at $7, with a loss of 50 cents trading 400 units. Mayberry Jamaican Equities dropped 50 cents to close at $9.50, in the transfer of 500 units, MPC Caribbean Clean Energy declined by $9 to $160, after exchanging 400 units, NCB Financial gained 70 cents to settle at $136.70 in trading 37,711 stock units. PanJam Investment jumped $5 to $75, with an exchange of 1,372 units, Portland JSX slid 55 cents to $7.35, after exchanging 200 units, Proven Investments shed 50 cents to close at $35 trading 833 units. Pulse Investments gained 75 cents trading 4,255,782 shares to finish at $4.17, Sagicor Group declined by $4.75 to $46.25, after 726 units crossed the exchange, Salada Foods closed $1.45 lower to end at $28.45, with an exchange of 3,942 units. Scotia Group fell by $1.30 to $44.10, with 79,077 shares changing hands, Sygnus Credit Investments lost 49 cents to settle at $16.50 trading 6,400 stock units and Wisynco Group traded 28,698 stock units and fell 99 cents to $18.51.

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

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