Market activity ended on Monday, with the volume of shares trading rising 20 percent and the value ending 54 percent higher than on Friday on the Jamaica Stock Exchange Main Market as rising stocks exceeded those declining by a narrow margin.
The All Jamaican Composite Index declined 1,914.65 points to 429,231.19, the JSE Main Index dropped 1,558.17 points to end at 388,388.22 and the JSE Financial Index lost 0.42 points to close at 95.01.
Trading stirred 50 securities compared to 52 on Friday, with 19 rising, 17 declining and 14 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 15.6. 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.
Trading ended with 9,012,171 shares changing hands for $158,576,454 versus 7,483,770 units at $102,978,128 on Friday. Carreras led trading with 27.5 percent of total volume for an exchange of 2.48 million followed by Wigton Windfarm 24.9 percent with 2.25 million units and Caribbean Cement took 12.9 percent with 1.17 million shares.
Trading averages 180,243 units at $3,171,529, versus 143,919 shares at $1,980,34 on Friday and for the month to date, trading averages 527,241 units at $7,021,494, compared to 640,639 units at $8,279,653 on Friday. November closed with an average of 233,949 units at $2,695,416.
Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and none with lower offers.
At the close, Barita Investments shed 85 cents to close at $90 after exchanging 10,168 stocks, Berger Paints popped 74 cents to $13.49 in trading 441 units, Caribbean Cement fell $12 to close at $71 with the swapping of 1,166,242 shares. Caribbean Producers dipped 40 cents to finish at $9.95 in transferring 47,353 stock units, Eppley Caribbean Property Fund declined $3.50 to settle at $36.50 in switching ownership of 648 stocks, First Rock Capital gained 60 cents to close at $10.60 after trading 1,600 stock units. Kingston Wharves declined $1 to $42.50 with 25,300 shares changing hands, Margaritaville fell $1 to $14.50 with the swapping of 12,800 stock units, Mayberry Investments spiked 99 cents to end at $7.99 with 41,946 stocks crossing the market.
NCB Financial shed $1.59 in closing at $121.21 with a transfer of 24,421 shares, 138 Student Living rallied $1.10 to $4.60, with 1,693 shares crossing the market, PanJam Investment fell $1.50 to $66.50 in an exchange of 78,298 units. Sagicor Group lost 54 cents to end at $51.86 in switching ownership of 1,587 stocks, Salada Foods shed 47 cents to finish at $6.03 with 31,500 stock units clearing the market, Scotia Group gained 50 cents after ending at $35.50 with 133,126 units changing hands and Supreme Ventures shed 30 cents to close at $17.70 with the swapping of 505 shares.
In the preference segment, Eppley 7.25% rose 40 cents to $20.40 in switching ownership of 104,829 shares and JMMB Group 7.35% – 2028 shed 81 cents after ending at $3.17 after trading 3,454 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
