Losses continue for JSE Main market

Falling stocks continue to dominate trading on the Jamaica Stock Exchange Main Market for four consecutive days on Wednesday. The volume of shares trading jumped 17 percent higher and the value 115 percent more than on Tuesday as rising stocks were overwhelmed by those declining.
The All Jamaican Composite Index dropped 1,499.34 points to end at 450,385.23, the JSE Main Index shed 2,983.16 points to 407,696.57 and the JSE Financial Index shed 1.11 points to settle at 98.09.
A total of 50 securities traded compared to 55 on Tuesday, with 13 rising, 23 declining and 14 ending unchanged. Caribbean Producers traded at an intraday 52 weeks’ high of $6.33 before ending at a 52 weeks’ closing high of $6, Guardian Holdings slipped to a 52 weeks’ low of $500.01 and ended at a 52 weeks’ closing low of $511 and newly listed Sygnus Real Estate Finance dropped to a low of $18.04.
The PE Ratio, a measure used in computing appropriate stock values, averages 15.9 based on ICInsider.com’s forecast of 2021-22 earnings.
A total of 13,717,047 shares traded for $178,931,191 versus 11,674,398 units at $83,242,103 on Tuesday. Wigton Windfarm led trading with 25.4 percent of total volume after trading 3.48 million shares. QWI Investments followed, with 15 percent, after 2.06 million shares changed hands, Transjamaican Highway contributed 10.2 percent with 1.4 million units, Carreras controlled 9.6 percent market share, with 1.32 million units and Scotia Group 7.7 percent with 1.06 million shares.
Trading averages 274,341 shares at $3,578,644, compared to 212,262  units at $1,513,493 on Tuesday and month to date, an average of 252,319 units at $4,372,911, versus 245,350 units at $4,624,261 on Tuesday. September closed with an average of 335,669 units at $7,507,404.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Caribbean Cement fell $3.79 to $114.21 while exchanging 14,399 shares, Eppley rose $4.94 to $38, with 761 units crossing the market, First Rock Capital shed 90 cents in closing at $12.10, with 30,742 stock units changing hands. Guardian Holdings declined $68 to close at $511, trading 27,343 stocks, Jamaica Broilers advanced 50 cents to $31 with the swapping of 3,596 stocks, Key Insurance spiked 78 cents to end at $4.98, with 71,018 stock units clearing the market. Kingston Wharves lost $1.20 to $43.80 in exchanging 2,686 shares, Mayberry Jamaican Equities increased 25 cents to $8.95 in an exchange of 79,409 units, Proven Investments dropped 30 cents to $32.70, with 5,001 units crossing the exchange. Pulse Investments declined 26 cents to close at $4.84 after 712,107 shares changed hands, Sagicor Group lost $2 in ending at $53 after exchanging 72,941 stocks, Sagicor Real Estate Fund rallied 49 cents to $8.49 in switching ownership of 1,362 units. Scotia Group fell $1 to $37.50 after trading 1,062,158 units, Seprod climbed 95 cents to $63.10, with 47,604 stocks crossing the market, Sygnus Real Estate Finance dropped $1.16 to end at a new low of $18.04 after exchanging 15,175 stock units and Victoria Mutual Investments gained 72 cents to end at $6.35 with an exchange of 118,979 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.