Two stocks declined for every one that rose at the close of market activity on Friday, but the All Jamaican Composite eked out gains with 20 percent more shares traded valued 148 percent more than on Thursday on the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index rose 743.96 points to 463,917.06, the JSE Main Index dropped 2,388.16 points to end at 424,163.22 and the JSE Financial Index lost 1.03 points to 104.16.
A total of 50 securities were traded compared to 51 on Thursday, with 13 stocks rising, 26 declining and 11 remaining unchanged. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 16.9 based on ICInsider.com forecast of 2021-22 earnings.
The market closed with 5,760,799 shares trading for $127,050,791, up from 4,808,070 units at $51,284,621 on Thursday. Pulse Investments led trading with 17 percent of total volume after trading 977,680 shares, followed by Wigton Windfarm 13 percent with 749,981 units and Scotia Group with 10.9 percent for 625,364 units.
Trading averaged 115,216 units at $2,541,016, compared to 94,276 shares at $1,005,581 on Thursday. Trading month to date averages 104,642 units at $1,765,697. June closed with an average of 249,610 units at $3,877,606.
Investor’s Choice bid-offer indicator shows 12 stocks ending with bids higher than their last selling prices and none with lower offers.
At the close, Caribbean Cement advanced $2.83 in closing at $94.83 with 5,786 shares changing hands, Eppley Caribbean Property Fund dived $4.99 to $45 in an exchange of 1,494 units, First Rock Capital fell 24 cents to $15.75 in trading 7,772 shares, Grace Kennedy rallied $5.98 to close at a 52 weeks’ high of $105.98 with an exchange of 19,195 stocks. Guardian Holdings dropped $50.99 to finish at a 52 weeks’ low of $640 after 118,213 stock units crossed the exchange, Jamaica Broilers shed 50 cents to $35.50 with 3,482 units clearing the market Jamaica Producers slipped $1.10 to $23.50 in transferring 479 stocks. Jamaica Stock Exchange lost 45 cents to end at $17.05 with 21,551 stock units changing hands, JMMB Group dipped 50 cents to close at $37.49 in switching ownership of 58,059 shares, Kingston Properties rose $1.20 to $8.70 with 10,289 stocks crossing the exchange, Mayberry Investments rallied 30 cents to $6 with a transfer of 197 stock units, Mayberry Jamaican Equities slipped 70 cents to $9.20 in switching ownership of 4,806 units. MPC Caribbean Clean Energy dived $31.49 to $117 after exchanging 23 stocks, NCB Financial fell 99 cents to $139.01 with 10,741 stock units crossing the market,
138 Student Living lost 30 cents to close at $4.90 in exchanging 9,884 shares, Palace Amusement plunged $150 to $1,350 with the swapping of 79 stocks. PanJam Investment fell $1.40 to $67.60 after trading 1,150 stock units, Sagicor Group rose 55 cents to $55.55 in exchanging 8,321 shares. Sagicor Real Estate Fund lost 20 cents to close at $8.30, with 1,970 units crossing the exchange, Seprod sagged $2.90 to $70 in trading 15,395 stocks and Supreme Ventures shed $1.14 to finish at $19.51 after exchanging 96,734 stock units.
In the preference segment, Eppley 8.25% lost 40 cents to close at $6.80 in clearing the market with 10 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.