JSE Main market slips

Nearly twice the number of stocks rose on Friday to those declining at the end of trading on the Jamaica Stock Exchange Main Market, with the shares exchanged rising 184 percent above Thursday trades but at just 27 percent of the value.
Trading ended with 46 securities changing hands compared to 45 on Thursday and closed with the prices of 22 stocks rising, 12 declining and 12 remaining unchanged, with Ciboney trading at a 52 weeks’ high of 25 cents. The average PE Ratio ended at 16.8 based on ICInsider.com’s forecast of 2020-21 earnings.
At the close, the All Jamaican Composite Index fell by 779.17 points to 424,971.67, the Main Index shed 658.11 points to 387,995.08 and the JSE Financial Index lost 0.43 points to end at 100.79.
Investors exchanged 37,661,093 shares for $245,318,135 compared to 13,243,734 units at $907,847,284 on Thursday. Wigton Windfarm led trading with 35.6 percent of total volume, after an exchange of 13.41 million shares, followed by Transjamaican Highway with 35.3 percent for 13.30 million, Mayberry Jamaican Equities with 10.6 percent for 4.0 million units. Sagicor Group with 8 percent for 3 million units and Sagicor Select Financial Fund with a 3.6 percent market share for 1.35 million units.
Trading for the day averaged 818,719 units at $5,333,003 compared to an average of 294,305 shares at $20,174,384 on Thursday. Month to date average 349,070 units at $5,305,856 for each security, in contrast to 311,235 units at $5,303,669. November averaged 623,120 units at $6,686,047.
Investor’s Choice bid-offer indicator reading had six stocks ending with bids higher than their last selling prices and six with lower offers.
At the close of the market, Caribbean Cement shed 40 cents in closing at $56.59, with 2,947 shares crossing the exchange, Eppley fell by $2.90 to $26, after investors switched ownership of 10,000 units, Grace Kennedy closed at $63, with gains of $1.80 and 24,887 stock units passing through the market. Jamaica Producers advanced by $1.15 to $21 after trading 5,690 units, JMMB Group climbed $3 to $35, in exchanging 711,242 shares, Key Insurance gained 64 cents to close at $7.99, with the trading of 16,415 units. Kingston Wharves fell by $1.15 to $46 after exchanging 29,634 stock units, Mayberry Investments ended 50 cents higher at $6.50, with investors swapping 1,000 shares, MPC Caribbean Clean Energy declined by $1 to $159, with a transfer of 10 units. NCB Financial advanced $2 to $144 trading 21,418 stocks, Pan Jam Investment climbed $1.32 to $66.82, after 64,236 shares crossed the market, Sagicor Group dropped $4.49 to close at $45.01, with 3,004,520 shares clearing the market. Scotia Group gained 50 cents to finish at $44.50, trading 5,364 units, Seprod lost 45 cents in closing at $66 and exchanging 25,732 stock units and Wisynco Group increased 50 cents to $16, with 30,512 stock units passing through the market.
In the preference segment, Eppley 8.75% preference share declined by $1.52 to $6 and cleared the market with 22,100 stock units.

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

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