JSE majors Indices take a slide

Trading activity ended on Tuesday, with the volume of stocks exchanged, declining by 35 percent and the value 31 percent higher than on Monday at the close of the Jamaica Stock Exchange Main Market as rising stocks more than doubled those declining, but that did not prevent to indices to sink for the day after starting the day with the promise of increases.
The All Jamaican Composite Index fell 1,468.55 points to settle at 427,023.70 the Main Index lost 1,096.38 points to settle at 386,374.57 and the JSE Financial Index fell 0.08 points to settle at 94.90.
Trading ended with 52 securities up from 50 on Monday, with 26 rising, 11 declining and 15 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasted by ICInsider.com for companies with financial years ending between the current year and August 2022.
Overall, 7,936,245 shares traded for $204,991,450 down from 12,295,650 units at $156,066,728 on Monday. Barita Investments led trading with 1.24 million shares for 15.7 percent of total volume, followed by JMMB Group 7.5% with 1.21 million units for 15.3 percent of the day’s trade and JMMB Group 978,000 units for 12.3 percent market share.
Trading averages 152,620 units at $3,942,143, compared to 245,913 shares at $3,121,335 on Monday and month to date, an average of 475,915 units at $5,028,061, compared to 500,244  nits at $5,109,780 on Monday. November closed with an average of 233,949 units at $2,695,416.
Investor’s Choice bid-offer indicator shows eleven stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Caribbean Cement dropped $2.61 to $70.50, with 56,843 stocks changing hands, Eppley popped $1.30 to $35.50 in switching ownership of 151 units. Eppley Caribbean Property Fund jumped $3.97 to $41.50, with 40 stock units crossing the market, Jamaica Broilers rallied $1.09 to $29.99 with an exchange of 3,243 units, Jamaica Stock Exchange gained 59 cents in closing at $17.30 with the swapping of 7,086 stocks. 138 Student Living fell 56 cents to $3.78 while exchanging 5,350 shares, Proven Investments rose 50 cents to $33.50 after 1,982 stock units changed hands, Pulse Investments declined 20 cents to $3.80 trading 330,178 shares, Sagicor Group spurted 96 cents to end at $51.97 in exchanging 5,065 stocks. Scotia Group shed $1.40 to $36.50 in trading 49,697 stock units, Seprod advanced $2 to close at $64, with 18,075 units crossing the market, Stanley Motta popped 73 cents to $5.58 in an exchange of 25,766 shares. Supreme Ventures dropped 30 cents in closing at $18.70 after exchanging 12,957 stocks, Sygnus Credit Investments advanced 29 cents to $14.99 after trading 8,659 units and Wisynco Group rose 20 cents to $16.95 after 469,285 stock units changed owners.
In the preference segment, 138 Student Living Preference shares rallied 60 cents to $6.60 trading 1,000 shares and JMMB Group 7.25% due 2024, gained 19 cents to end at $1.69, with 99,326 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.