JSE volume rises index down

Trading on the Jamaica Stock Exchange Main market on Wednesday closed with, high volume but the value was low at 42 percent below the average level for January
At the close, the JSE All Jamaican Composite Index fell 624.98 points to close at 526,606.21, the JSE Market Index lost 565.71 points to 479,532.54 and the JSE Financial Index was unchanged at 130.62.
The market, closed with 44 securities changing hands in the Main and US dollar markets with the prices of 16 advancing, 19 declining and 9 trading firm. The market ended with 138 Student Living preference share closing at a 52 weeks’ low while Sagicor Select Financial Fund traded at an intraday low of 80 cents. The JSE Main Market activity ended with 42 securities accounting for 47,859,089 units valued at $86,800,194 in contrast to 27,628,819 units valued at $81,726,949 from 38 securities on Tuesday.
 Wigton Windfarm dominated trading with 28.7 million shares for 60 percent of total volume. Sagicor Select Financial Fund with 13.3 million units for 28 percent of the day’s trade followed and Sagicor Select Manufacturing and Distribution with 2.7 million shares, for 6 percent of the market’s volume. QWI Investments with 1.6 million shares changing hands was the only other stock trading more than one million units.
 The Market closed with an average of 1,139,502 units for $2,066,671 for each security traded, in contrast to 727,074 units valued at an average of $2,150,709 on Tuesday. The average volume and value for the month to date amount to 677,341 units valued at $2,646,233 for each security changing hands, compared to 615,914 units valued at $2,734,748 for each security traded. Trading in January resulted in an average of 626,134 units valued at $3,511,981 for each security.
 IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows eleven stocks ending with bids higher than their last selling prices and four closing with lower offers. The PE ratio of the market ended at 19.1, while the Main Market ended at 18.3 times 2019 earnings.
In the Main Market, Barita Investments added $1.49 to end at $70 with 39,642 shares changing hands, Caribbean Cement closed 71 cents lower at $67.09, in swapping 9,907 units, Grace Kennedy gained $1.50 and rose to $68.50 in transferring 17,588 stock units. Jamaica Broilers ended at $34.40, with gains of 60 cents in exchanging 6,287 shares, Jamaica Producers lost 49 cents to settle at $24.01 trading 4,073 shares, JMMB Group closed $1.40 higher to $44.50, in swapping 81,036 units. Kingston Properties gained $1.13 to close at $6, with an exchange of 8,734 stock units, Kingston Wharves dropped $5 to settle at $55 after transferring 10,641 units. NCB Financial rose $2.99  to $185, with 44,515 crossing the exchange, PanJam Investment ended at $100, with gains of $1.50 after trading 1,480 units. Proven Investments climbed $2.60 to $48.60, with 8,092 shares changing hands, Pulse Investments slid $1.10 to settle at $8.90 while transferring 62,885 shares, Sagicor Group gained $1 and advanced to $70, trading 121,142 stock units. Sagicor Real Estate Fund closed 30 cents higher at $9, in transferring 18,931 units, Stanley Motta dipped 50 cents to $5, with 29,253 shares traded. Supreme Ventures ended at $22, after gaining 45 cents and exchanging 32,493 units and Sygnus Credit Investments lost 94 cents exchanging 44,599 units and ending the day’s trade at $23.22. 138 Student Living preference share, lost 50 cents to close at a 52 weeks’ low of $5 while trading just 236 units.
Trading in the US dollar market ended with 30,458 units for US$8,252. The market index declined 12.14 points to close at 216.79. Proven Investments lost 4 cents to close at 27 US cents trading 30,332 units and Sygnus Credit Investments gained 1.6 cents to end at 17 US cents, with an exchange of 126 units.

About IC Insider.com