JSE main market slips

Market activity on the Jamaica Stock Exchange rebounded on Tuesday with all major indices slipping from the revised close on Tuesday.
The All Jamaican Composite Index declined 188.29 points to close at 551,914.19, while the JSE Index slid 126.26 points to 502,615.76 and the JSE Financial Index lost 0.37 points to close at 136.29.
The market closed with 39 securities changing hands in the main and US dollar markets with 12 advancing, 16 declining and 11 trading firm. Main market activity ended with 37 securities accounting for 70,895,481 units valued at $2,991,514,213, in contrast to 23,890,869 units valued at $153,275,236 on Tuesday from 33 securities.
Jamaica Broilers dominated trading with 37.7 million shares for 53 percent of total volume, followed by Wigton Windfarm with 16.3 million units accounting for 23 percent of the day’s trade and NCB Financial Group with 7.5 million shares and 11 percent.
The market closed with an average of 1,916,094 units valued at an average of $80,851,735 for each security traded, in contrast to 723,966 units for an average of $4,644,704 on Tuesday. The average volume and value for the month to date amounts to 642,143 units valued at $9,895,189 and previously, an average of 546,143 units valued at $4,137,949 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 13 stocks ending with bids higher than their last selling prices and 6 with lower offers. The PE ratio of the market ended at 17.5, with the primary market ending at 18.4 times 2019 current year’s earnings.
In main market activity, Barita Investments closed $1 higher at $70 after exchanging 3,366 shares, Caribbean Cement slid $4 to end at $74, in swapping 24,973 shares, Eppley Caribbean Property Fund gained $1.95 to settle at $38 trading 100 units, Grace Kennedy ended at $62.51, after losing $1.49 transferring 10,572 shares. Jamaica Broilers closed $2 lower at $35, with 37,716,100 shares crossing the exchange. Jamaica Producers gained $1.94 to end at $24 after 2,535 shares changed hands, Jamaica Stock Exchange slumped to $28.50, with a loss of $2.95 after exchanging 119,284 shares, JMMB Group gained $2.50 to close at $45.50 with 26,911 shares changing hands. Kingston Wharves closed $2.50 higher at $60.50 with an exchange of 8,765 units, Mayberry Investments lost $1.12 to settle at $7.28, with 300 units traded. NCB Financial rose $4.94 to $209.94, after trading 7,493,008 shares, Proven Investments tumbled to $45, after losing $5 in exchanging 19,185 units. Sagicor Group lost 48 cents to end at $64.52, after transferring 46,008 shares, Salada Foods advanced $3 to $32 in trading 600 units, Scotia Group slid $2 to settle at $53, in swapping 12,614 shares. Seprod added $1 to close at $52, with 20,373 units changing hands and Wisynco added 99 cents to settle at $24.99 with 106,904 shares crossing the exchange.
Trading in the US dollar market closed with 121,809 units valued at US$19,012, with the market index falling 0.38 points to close at 210.21. Proven Investments gained 0.5 US cents to close at 0.305 US cents trading 11,871 shares and Sygnus Investments exchanged 109,938 units at 14 US cents.

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