Most of Monday’s JSE MM gains ceded

The Jamaica Stock Exchange Main Market ended trading on Tuesday with declining stocks having the upper hand after investors traded five times Monday’s volume and 172 percent the value.  
At the close, the All Jamaican Composite Index dropped 4,525.87 points to settle at 407,770.78, the Main Index dived 4,032.21 points to settle at 372,186.65 and the JSE Financial Index carved out a loss of 1.35 points to end at 97.01.
Trading ended with 44 securities changing hands with the prices of 17 stocks rising, 21 declining and six remaining unchanged, with the average PE Ratio of the market ending at 15.5 based on IC’s forecast of 2020-21 earnings.
The market closed with an exchange of 41,738,542 shares for $151,520,182 compared to 8,211,306 units at $88,195,049 on Monday.
138 Student Living Preference shares led trading with 12 million units for 28.8 percent of total volume, followed by Transjamaican Highway with 11.06 million stock units for 26.5 percent of the day’s trade. Wigton Windfarm was next with 9.46 million units, for 22.7 percent market share, QWI Investments closed, with 3.1 million units for 7 percent of the day’s volume and Pulse Investments was the next, with 2.3 million units for 6 percent of the market activity.
Market activity ended, with an average of 948,603 units trading for the day at $3,443,641 for each security, in comparison to an average of 182,473 shares at $1,959,890 for Monday. An average of 561,234 units traded for the month to date at $2,693,430 for each security. Trading for the month to date compares well to July that ended with an average of 392,128 shares for $2,444,356.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows 10 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Barita Investments gained $1.40 to settle at $57.80 after exchanging 3,433 shares, Eppley Caribbean Property Fund rose $1.95 to close at $48.95 with 6,960 units traded, Jamaica Stock Exchange dropped 60 cents to finish at $23 with 2,744 shares changing hands. JMMB Group carved out a loss of 60 cents to end at $31 with investors transferring 132,605 units, Key Insurance fell 39 cents to settle at $8.60, after an exchange of 41,219 stock units, Kingston Wharves advanced $2.80 to finish at $53.50, with investors switching ownership of 1,824 shares. NCB Financial Group lost $1.51 to close at $138.47 with 45,636 units changing hands, Proven Investments fell 50 cents to settle at $33.80 in an exchange of 4,424 stock unit. Sagicor Real Estate Fund dropped $1.03 to end at $7.86 trading 455 stocks. Salada Foods shed $2 to close at $27 in an exchange of 265 stock units, Scotia Group lost $3.70 to settle at $48 with 41,184 shares traded, Supreme Ventures lost 39 cents to finish at $15.10 with 130,605 shares changing hands. Sygnus Credit Investments fell 30 cents to end at $16.50, with an exchange of 11,550 stock units, Victoria Mutual Investments gained 53 cents to finish at $7.03, with investors transferring 257,519 units and Wisynco Group carved out a loss 57 cents to close at $17.05 with 64,103 units crossing the exchange.
In the preference segment, Community & Workers Co-operative Credit Union preference share advanced by 49 cents to end at an all-time high of $2.51 with 210,189 shares traded and 138 Student Living gained 76 cents to settle at $5.96, with 12,002,207 units passing through the market.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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