JSE pulls back from Tuesday’s record high

The JSE All Jamaican Composite Index climbed 3,373.63 points to reach an intraday record high of 487,004.99 just after 11 am on Tuesday, but the market failed to hold on to the early gains ending with a modest fall at the close.
At the close on Tuesday, the JSE All Jamaican Composite Index dipped 92.71 points to 483,538.65 and the JSE Index declined 84.25 points to 440,398.66.
At the end market activity, on the main and US markets, the prices of 12 securities advanced, 16 declined and 9 traded firm, as a total of 37 securities traded, compared to 33 on Monday. Eppley and the Jamaica Stock Exchange shares closed at new all-time highs. Market activity ended with 41,671,400 units with a value of $333,001,137 changing hands, in contrast to 77,902,533 units for $226,722,040 on Monday.
Wigton Windfarm led trading with 37.5 million units or 90 percent of total main market volume, NCB Financial Group with 1.4 million shares changing hands equating to 2.4 percent of total trades, followed by JMMB Group 7.5% preference share with 697,600 stock units and less than one percent of the day’s trades. In the US Market Proven Investments traded 8.77 shares and Sygnus Credit Investments 1.24 units.
The market closed with average of 1,190,611 units valued at $9,514,318, in contrast to 2,360,683 shares valued at $6,870,365 on Monday. The average volume and value for the month to date amounts to 1,482,687 shares, with a value of $12,268,768, compared to 1,508,699 shares, valued $12,537,308 previously. May closed with an average of 2,248,261 units at an average of $12,751,529 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.
At the close of the market, Barita Investments lost 80 cents and closed at $43, trading 44,274 shares, Eppley jumped $3.75 to an all-time high of $15.75 while trading just 500 shares, Jamaica Broilers traded 33,470 units with a fall of $1.75 to end at $32. Jamaica Stock Exchange jumped $1.75 to end at a record high, of $21.75, with 162,124 shares trading, JMMB Group fell $1 trading 52,642 shares to end at $38, Kingston Properties lost 50 cents to finish at $6, with 15,244 stock units, Kingston Wharves climbed $2 to close at $67, in trading 3,250 stock units. Mayberry Investments gained 25 cents trading 2.942 shares at $8.50, NCB Financial Group lost 99 cents to close at $173, with an exchange of  1,429,495 stock units, Portland JSX lost 65 cents to settle at $7.85, trading 500 shares, PanJam Investment climbed $1 to conclude trading of 37,270 shares at $95. Pulse Investments fell 48 cents to close at $2.50, trading 190,101 shares. Salada Foods traded just 703 shares and declined $2.99 to close at $31.01, Scotia Group fell 30 cents to $53.20, with an exchange of 105,110 shares and Stanley Motta lost 50 to end at $48, in trading 33,968 shares.
Trading in the US securities market resulted in 10,005,524 units valued US$2,368,509 changing hands. Market activity ended with Proven Investments trading 8,765,244 shares after slipping 0.6 cent to close at 25.54 US cents and Sygnus Credit Investments gained 0.05 cents and ended trading of 1,240,280 units at US$1.05. The JSE USD Equities Index advanced 0.23 points to close at 189.34.