New IPO pressures JSE stocks – Tuesday

Wigton IPO propectus is out.

Investors greeted the release of the Wigton Windfarm IPO by pushing down the main market indices of the Jamaica Stock Exchange quite sharply, when activity ended on Tuesday, with reduced value of stocks trading.
At the close, JSE All Jamaican Composite Index dropped 3,477.22 points to 421,181.07 and the JSE Index suffered a big fall of 3,159.78 points to 383,733.81.
At the close of the main and US markets, 33 securities traded, compared to 29 on Monday leading to 10 advancing, 14 declining and 9 closing unchanged.
Trading ended with 2,405,214 units valued at $42,509,143 compared to 2,044,315 units valued at $94,776,769 crossing the exchange on Monday.
Supreme Ventures led trading with 506,307 units comprising 21 percent of total main market volume, followed by JMMB Group with 500,000 shares or 21 percent of the day’s trades and Carreras with 426,886 units and 18 percent of the volume traded.
Market activity ended with an average of 77,588 units valued at $1,371,263, in contrast to 75,715 shares valued at $3,510,251 on Monday. The average volume and value for the month to date amounts to 198,040 shares at $2,749,721 for each security, compared to 216,255 shares at $2,996,728 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 6 stocks ending with bids higher than their last selling prices and 5 closing with lower offers.
In main market activity, Barita Investments climbed $2 to $46.50, with 586 shares changing hands, Berger Paints slid $1.20 to end at $19, with 7,834 stock units changing hands, Caribbean Cement finished $1 higher to an all-time closing high of $66, with 55,901 shares changing hands, Carreras dropped 70 cents and concluded trading of 426,886 units at $8.50. Jamaica Producers gained 40 cents to close at $23.50, trading 10,700 shares. Jamaica Stock Exchange added $1 to end at $17, with an exchange of 6,690 shares,  Kingston Wharves  gave up $1 to settle at $70, trading 1,986 units, Mayberry Investments  gained 50 cents in trading 33,501 shares, at $9.  Sagicor Real Estate Fund  lost 37 cents in trading 32,500 shares at $10.03, Seprod lost 52 cents to close at $42.15, with 18,647 shares traded, Stanley Motta  gained 50 cents and ended at $5, in trading 3,000 shares and  Supreme Ventures rose 73 cents and finished at $26.73, with 506,307 units changing hands.
Trading in the US dollar market ended with 12,295units valued at US$2,616. Proven Investments lost 1 cent and ended trading with 11,140 units at 22 US cents and Sygnus Credit Investments traded 1,155 units at 10 US cents. The JSE USD Equities Index advanced by 0.98 points to close at 177.15.

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