JSE Main Market starts June down

The Main Market of the Jamaica Stock Exchange gave back some of the gains at the end of May, with NCB Financial falling back in price. The market closed with rising stocks outpaced those declining on Monday, but the IC bid-offer Indicator points to positive trading on Tuesday.
At the close, the JSE All Jamaican Composite Index dived by 3,543.96 points to 417,303.69, the JSE Market Index dropped 3,208.18 points to 380,441.80 and the JSE Financial Index shed 1.35 points to 99.45.
The market closed with 45 securities changing hands in the Main and US dollar markets with prices of 22 stocks advancing, 16 declining and seven securities closing with prices unchanged. The JSE Main Market activity ended with 41 securities accounting for 23,529,489 units valued at $145,262,959, in contrast to 109,379,530 units valued at $203,610,322 from 45 securities on Friday.
Wigton Windfarm led trading with 6 million shares for 25.3 percent of total volume, followed by Carreras with 5.3 million units for 22.4 percent of the day’s trade and Sagicor Select Financial Fund with 3.8 million units for 16.3 percent market share. Other stocks trading over a million units were 138 Student Living with 2.9 million units and Trans Jamaican Highway with 3.2 million shares.
The average stock trading was 573,890 units at $3,542,999 for each security traded, in contrast to 2,430,656 units valued at an average of $4,524,674 on Friday. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
IC bid-offer Indicator At the end of trading, the Investor’s Choice bid-offer indicator reading shows twelve stocks ending with bids higher than their last selling prices and four stocks closing with lower offers. The PE ratio of the market ended at 14.5, while the Main Market ended at 14.7 times 2020-21 earnings.
In the Main Market, Barita Investments gained 59 cents to close at $50.99, with an exchange of a mere 649 units, Berger Paints fell by 48 cents trading 14,830 stock units to settle at $13.52, Eppley declined by $2.49 to $15.50, in swapping 5,000 units. First Rock Capital closed 90 cents higher at $13.50, with a transfer of 4,336 units, Jamaica Producers picked up 95 cents exchanging 17,024 stock units and closed at $21.05, Kingston Wharves ended 89 cents lower at $57.10, after transferring 9,484 units. Mayberry Investments rose 33 cents to $5.93, with 4,543 units changing hands, Mayberry Jamaican Equities shed 50 cents trading 2,050 units to end at $9.50, NCB Financial Group sustained a loss of $8 in transferring 224,350 shares and closed at $140. Palace Amusement picked up $1 to close at $1,101 in an exchange of just nine units, Proven Investments closed at $34.50, with a loss of 45 cents and trading 9,813 units, Sagicor Group finished 50 cents lower at $46, after swapping 142,269 shares. Sagicor Real Estate Fund ended at $7.50, with a loss of 44 cents in exchanging 1,420 units, Salada Foods added 50 cents transferring one stock unit and settled at $29.50. Stanley Motta fell 50 cents to $5, after trading 4,500 shares, Supreme Ventures closed 39 cents higher at $15.19, in an exchange of 103,922 units and Victoria Mutual Investments gains 65 cents and ended at $7.95, with 162,480 shares changing hands.

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

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