JSE Majors slip on big trading day

Investors kept up the robust activity when trading ended on Friday on the Jamaica Stock Exchange Main Market, with the volume of shares trading declining 43 percent and the value 50 percent lower than at the close on Thursday, with a healthy 49,011,312 shares changing hands for $1,058,239,253 down from 85,891,988 units at $2,099,498,233 leading to rising stocks beating out those declining two to one.
The All Jamaican Composite Index declined by 4,131.53 points to 438,328.37, up 1.1 percent for the year. The JSE Main Index dropped 3,119.89 points to 396,155.61 and ended the year with a marginal increase of 0.1 percent and the JSE Financial Index declined 1.03 points to settle at 98.05, down 4 percent for the year.
Similar to Thursday, 51 securities traded, with 28 rising, 14 declining and nine ending unchanged.
PE Ratios are formulae for computing appropriate stock values, averages 16.1. The PE ratios 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.
Wigton Windfarm led trading with 16.98 million shares for 34.7 percent of total volume followed by Carreras with 5.99 million units for 12.2 percent of the day’s trade and Sagicor Group with 4.17 million units for 8.5 percent market share. Scotia Group with 3.77 million units for 7.7 percent market share Other stocks that traded over a million include PanJam Investment with 2.84 million units for 5.8 percent market share and JMMB Group 7.35% – 2028 with 1.74 million units for 3.6 percent market share.
Trading on Friday averaged 961,006 units at $20,749,789 compared to 1,684,157 shares at $41,166,632 on Thursday and month to date an average of 479,143 units at $6,686,322, up from 455,849 units at  6,006,477 on Thursday. Trading in November averaged 479,143 units at $6,686,322.
The Investor’s Choice bid-offer indicator shows 18 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments gained $1.52 and ended the year at $98.52 after trading 339,630 shares, Caribbean Cement rallied $2.40 to $73 in an exchange of 1,685,686 stock units. Caribbean Producers fell 45 cents to $13, with 144,817 stocks crossing the exchange, Eppley Caribbean Property Fund popped $3.99 in closing at $46.99 after trading 43,624 units, First Rock Capital declined 30 cents to $10.70, with 5,149 stock units clearing the market. GraceKennedy spiked $1.65 in closing at $102 while exchanging 1,327,995 stocks, Guardian Holdings increased 50 cents to $513.50 after exchanging 994 shares, Jamaica Broilers climbed $1.47 to end at $29.99 in trading 1,597,180 units. Jamaica Producers added $1.44 to close at $23.49 with an exchange of 519,535 stock units, Jamaica Stock Exchange popped 85 cents higher to $18 after 116,581 stocks passed through the market, JMMB Group increased $1.50 to $39.50 in trading 370,335 shares. Kingston Properties shed 49 cents in closing at $9 with the swapping of 310,100 stock units, Kingston Wharves climbed $2.05 to close at $43 in switching ownership of 422,472 shares, NCB Financial spiked $2.72 in ending at $128.70, with 158,674 units changing hands. 138 Student Living rose 26 cents to $4.45 trading 27,330 shares, Palace Amusement dropped $10 to $1040, with 21 stocks crossing the market, PanJam Investment advanced $1 to $66, with 2,835,794 units changing hands, Proven Investments lost 50 cents to end at $33 after exchanging 29,177 stocks. Pulse Investments fell 30 cents to $4.40 after exchanging 1,371,217 shares, Sagicor Group rose $2 to $58 with the swapping of 4,173,260 stock units, Sagicor Real Estate Fund gained 50 cents in closing at $8.50 in exchanging 127,331 units. Salada Foods rallied 47 cents to end at $6.97, with 16,259 stocks crossing the market, Scotia Group shed $1.21 to close at $36.40 after trading 3,774,443 shares, Seprod gained $3 after ending at $65 in an exchange of 46,626 stock units. Supreme Ventures climbed 40 cents to $18.50 in an exchange of 954,593 stocks, Sygnus Real Estate Finance advanced 59 cents to close at $16 after 400 stock units cleared the market and Wisynco Group popped 55 cents to $17.50 with an exchange of 479,961 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.