JSE Majors fall on Wednesday

Market activity ended on Wednesday, with the volume of shares trading declining after trading with the value 20 percent lower than on Tuesday on the Jamaica Stock Exchange Main Market as falling stocks exceeded those rising leading to a fall in the market indices, with, the All Jamaican Composite Index falling 1,779.45 points to 432,406.50 and the JSE Main Index losing 1,158.80 points to end at 385,372.01.
The JSE Financial Index shed 1.32 points to settle at 92.98. Trading ended with 55 securities compared to 49 on Tuesday, with 20 rising, 23 declining and 12 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 15.8. The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
Overall, 11,622,326 shares were traded for $156,171,406, down from 12,554,479 units at $195,108,057 on Tuesday. Transjamaican Highway led trading with 1.91 million shares for 16.4 percent of total volume followed by Wigton Windfarm 1.63 million units with 14 percent of the day’s trade, Carreras chipped in with 1.47 million units for 12.7 percent market share, followed by Sagicor Select Financial Fund with 1.09 million units for 9.4 percent of traded stocks and JMMB Group with 1.07 million units for 9.2 percent market share.
Trading averages 211,315 units at $2,839,480, compared to 256,214 shares at $3,981,797 on Tuesday and month to date, an average of 426,733 units at $6,993,598, down from 448,354 units at $7,410,526 on the previous trading day. February closed with an average of 392,520 units at $3,199,976.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Cement climbed $1.09 to close at $69.99 after exchanging 5,540 shares, Eppley lost $1.60 to end at $39.90 and closed with 1,323 stock units changing hands, First Rock Capital shed 71 cents to $11.29 after exchanging 13,186 units. GraceKennedy gained $1.50 after ending at $102.50 in an exchange of 359,575 stocks, Guardian Holdings dipped $27 in closing at $523, with 5,539 stocks changing hands, Jamaica Broilers fell $1.10 to $27.90 trading 259,855 units. JMMB Group declined 71 cents in closing at $40, with 1,067,881 stock units crossing the exchange, Massy Holdings rose 80 cents to $107.80 with 146,202 shares clearing the market, MPC Caribbean Clean Energy rallied $5 to end at $105 after 100 units crossed through the market. NCB Financial dropped $4 to close at a 52 weeks’ low of $115 while exchanging 23,010 shares after hitting an intraday 52 weeks’ low of $108.11, Proven Investments increased $1 in ending at $36 with the swapping of 10,203 stock units, Sagicor Real Estate Fund lost $2.07 to $6.23 in trading 48,208 stocks. Scotia Group fell 88 cents to end at $35.07 in exchanging 2,880 shares and Seprod declined $2.50 in closing at $55 in switching ownership of 30,530 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.