Mild slippage for JSE Main Market

The volume of shares trading at the close on Monday jumped 42 percent over Friday’s with a modest fall in the value leading the market into a modest decline in the overall market as stocks rising edged out those that declined on the Jamaica Stock Exchange Main Market.  
The All Jamaican Composite Index dipped 92.62 points to 437,551.96, the JSE Main Index fell 378.65 points to 394,792.67 and the JSE Financial Index slipped 0.10 points to end at 95.42.
Similar to Friday, 53 securities traded, with 24 rising, 21 declining and eight ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 15.6. The PE ratio for the JSE Main and the USD Market closing quotes are based on earnings forecasts done by ICInsider.com for companies with financial years ending between the current year and August 2022.
Overall, 16,492,088 shares traded for $157,019,170 versus 11,630,690 units at $178,515,393 on Friday. Wigton Windfarm controlled 41.8 percent of total volume to be the lead trade with 6.89 million shares, JMMB Group followed with 12.6 percent, after an exchange of 2.08 million units, Transjamaican Highway contributed 10.4 percent with 1.72 million shares and Sagicor Select Manufacturing & Distribution Fund ended with 8 percent after trading 1.32 million units.
Trading averaged 311,171 units at $2,962,626, compared to 219,447 shares at $3,368,215 on Friday and month to date, an average of 267,472 units at $2,497,025, compared to 262,931 units at $2,448,639 on Friday. October closed with an average of 251,350 units at $2,773,208.
Investor’s Choice bid-offer indicator shows 15 stocks ending, with bids higher than their last selling prices and two with lower offers.
In trading, Berger Paints shed 68 cents to end at $14.15 in trading 1,795 shares, Caribbean Cement advanced $3 to close at $103, with 21,638 stock units crossing the market, Eppley Caribbean Property Fund lost 50 cents to end at $37.50 in an exchange of 803 stocks. First Rock Capital dropped 61 cents to $10.05 in exchanging 127,197 units, Guardian Holdings climbed $20 to $530 with an exchange of 4,012 units, Jamaica Producers fell $1.50 in closing at $21.90 after exchanging 41,233 stocks. JMMB Group climbed $1.20 to end at $39 in switching ownership of 2,083,245 stock units, Kingston Wharves gained 80 cents to close at $46, with 8,366 shares changing hands, Margaritaville spiked 60 cents to $15.90 with the swapping of 18,076 stocks. NCB Financial rose $1.98 to $117 while exchanging 31,547 stock units, Palace Amusement rallied $40 to $1000, trading 157 units, PanJam Investment popped $1.70 to $68 with 24,886 shares changing hands. Proven Investments declined 99 cents to $32.51, with 8,710 stock units clearing the market, Sagicor Group climbed 50 cents in closing at $54.50 in exchanging 218,439 shares, Salada Foods popped 46 cents to $7.46 after 22,641 stocks crossed the exchange. Scotia Group rose 45 cents to $34.50 after trades of 138,131 units and Sygnus Credit Investments lost $1.60 to $17.30, with 335,969 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless