JSE Main Market suffers weekly loss

The slide continued on the Jamaica Stock Exchange for a fourth consecutive day on Friday and in the process wiping 6,905 points off the All Jamaica Composite Index since the close on Monday and down 5,574 points for the week as trading levels remained modest.
At the close, the All Jamaican Composite Index declined by 727.14 points to 406,007.29, the Main Index carved out a loss 658.24 points to 370,306.82, the JSE Financial Index fell 0.37 points to 96.11.
Trading ended with 45 securities changing hands, up from just 38 on Thursday and the market closed on Friday, with the prices of 13 stocks rising, the prices of 18 declining and 14 remaining unchanged and the average PE Ratio of the market ended at 14.9 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 7,203,254 shares for $47,857,862 compared to 4,909,660 units at $39,906,681 on Thursday.
Transjamaican Highway led trading with 2.92 million shares for 40.6 percent of total volume followed by Wigton Windfarm with 1.37 million units for 19 percent of the day’s trade and Sagicor Select Financial Fund with 660,723 units for 9.2 percent market share.
An average of 160,072 units traded for the day at $1,063,508 for each security in comparison to an average of 129,202 at $1,050,176 on Thursday. An average of 381,808 units traded for the month to date at $2,640,059 for each security that traded, in contrast to 396,128 units at $2,741,845. In contrast, June ended with an average of 818,748 units at $7,498,308.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows seven stocks ended with bids higher than their last selling prices and one with lower offers.
At the close of the market, Barita Investments fell $2 to close at $53, with 2,904 shares crossing the exchange, Caribbean Cement climbed 50 cents in closing at $46, with 22,713 stock units changing hands. Jamaica Broilers Group lost $1 to settle at $25.50 after 73,432 shares cleared the market, Mayberry Investments fell 70 cents to settle at $5.30 in trading 7,578 units, Mayberry Jamaican Equities increased 35 cents to close at $9.70 after exchanging 6,763 stock units. Palace Amusement dived $175 to $1,550 after exchanging one stock unit, PanJam Investment shed $2.99 in closing at $67.01 with investors swapping 1,112 shares, Proven Investments dropped $1 to settle at $33 in an exchange of 7,955 stock units. Sagicor Group carved out a gain of 75 cents to close at $43.75, with 3,908 units crossing the exchange, Salada Foods climbed 40 cents to settle at $28 trading 660 units, Scotia Group fell $1.75 to $44.50 and finishing trading with 32,231 shares. Seprod jumped $4 in ending at $56 with 137,391 units passing through the market after the company reported a strong increase in half-year profit. Sterling Investments climbed by 60 cents to settle at $3.15 after 100,977 shares crossed the market and Supreme Ventures lost 69 cents in closing at $14.86 with an exchange of 151,113 units.
In the Preference share segment, 138 Student Living climbed 40 cents and ended at $5.60 after clearing the market with 333 shares.

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

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