Main Market up but prices mostly fall

More money entered the Jamaica Stock Exchange Main Market on Tuesday, than Monday and ended with the volume of stocks traded rising 28 percent from a 46 percent increase in the value of shares trading as 57 securities were traded compared to 61 on Monday, with a mere 11 rising, 30 declining and 16 ending unchanged.
Investors traded 8,931,395 shares for $95,827,826 up from 6,957,337 units at $65,589,778 on Monday.
Trading averaged 156,691 units at $1,681,190, versus 114,055 shares at $1,075,242 on Monday and month to date, an average of 471,898 units at $2,359,483 versus 496,646 units at $2,412,737 on the previous day. November closed with an average of 202,406 units at $1,736,493.
Wigton Windfarm led trading with 4.57 million shares for 51.2 percent of total volume, followed by Jamaica Broilers with 1.11 million units for 12.4 percent of the day’s trade and Transjamaican Highway with 924,773 units for 10.4 percent market share.
The All Jamaican Composite Index gained 27.39 points to end at 379,585.06, the JSE Main Index rallied 1,715.42 points to 340,381.86 and the JSE Financial Index advanced 0.93 points to settle at 81.42.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.1 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Producers fell 79 cents in closing at $11.20 as investors exchanged 37,966 shares, Eppley declined $6.88 to end at $32.10, with 684 stocks clearing the market, First Rock Real Estate dropped $1.18 to close at $12.80 with a transfer of 7,000 stock units. Guardian Holdings jumped $118 after ending at $628 and finished with an exchange of 1,549 units, Jamaica Broilers shed $1.99 to $29, with 1,110,205 stock units crossing the exchange, Jamaica Producers dipped 40 cents in ending at $22.50 with the swapping of 2,524 stocks. Jamaica Stock Exchange gained 70 cents to close at $15.80 2,319 units crossing the market, Mayberry Investments lost $1.12 to end at $7 in switching ownership of 13,928 shares, NCB Financial fell $1 in closing at $79 with investors transferring 37,348 shares. 138 Student Living lost 65 cents to end at $5, with 35,284 stocks changing hands, Palace Amusement dropped $60 to end at $1390 in trading 437 units, Portland JSX dropped 98 cents in closing at $9.50 while exchanging 294 stock units. Sagicor Group rallied 50 cents to $48 after a transfer of 163,197 stocks, Scotia Group rose $1.25 to $33.50 after an exchange of 249,922 shares, Stanley Motta advanced 49 cents to close at $5.09 trading 200 stock units and Sygnus Real Estate Finance dipped $1.50 to close at $9.50 in exchanging 1,000 units.
In the preference segment, Eppley 7.50% preference share shed $1.15 in closing at $6.60 while 7 units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.