Pull back for JSE Main Market

The Jamaica Stock Exchange Main Market slipped on Wednesday with the volume of shares trading declining moderately, with the value 73 percent greater than on Tuesday as declining stocks exceeded those rising by a two-to-one ratio sending the market indices down.
The All Jamaican Composite Index dropped 3,410.71 points to close at 447,833.02, the JSE Main Index dived 3,555.14 points to 394,577.81 and the JSE Financial Index slipped 1.10 points to 95.17.
Trading ended with 57 securities compared to 56 on Tuesday, with 13 rising, 27 declining and 17 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.5. The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
Overall, 15,992,883 shares were exchanged for $265,261,579 versus 16,430,568 units at $153,703,292 on Tuesday. QWI Investments led trading with 29.8 percent of total volume after exchanging 4.76 million shares followed by Wigton Windfarm with 28.3 percent for 4.52 million units and Transjamaican Highway, 15.1 percent with 2.41 million units changing hands.
Trading averages 280,577 units at $4,653,712, compared to 293,403 shares at $2,744,702 on Tuesday and month to date, an average of 261,098 units at $2,798,840, compared to 257,879 units at $2,492,383 on the previous day. January closed with an average of 235,328 units at $2,397,571.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments lost 49 cents to end at $91.50 in exchanging 27,856 shares, Berger Paints fell 40 cents in closing at $13.10 after trading 740 units, Caribbean Cement shed $1 in ending at $80 with 31,142 stocks crossing the exchange. Caribbean Producers declined 82 cents to finish at $19.08 with 226,511 stock units clearing the market, GraceKennedy shed $1.98 to close at $103 in switching ownership of 531,538 stock units, Guardian Holdings climbed $14 to close at $550 with the swapping of 4,120 shares. Jamaica Broilers gained 35 cents after ending at $27.85 trading 25,929 stocks, Jamaica Producers rose 59 cents to $23.50 with 28,773 units changing hands, Kingston Properties shed 83 cents in closing at $8.91 after a transfer of 100 stocks. Massy Holdings declined $5 to end at an all-time low of $1,945 in switching ownership of 67,225 stock units, Mayberry Investments lost 50 cents to end at $6.55 with 2,026 shares crossing the market, NCB Financial advanced $7 in closing at $126 with the transfer of 44,264 units. Palace Amusement dropped $15 to $910 with an exchange of 56 units, Portland JSX fell $1.25 to $7.90 in trading 350 stocks, Salada Foods lost 51 cents to close at $7.99 with the swapping of 164,190 shares. Scotia Group fell $1.48 to $35.52 in switching ownership of 204,060 stock units, Seprod rallied $2 to $63 in exchanging 16,367 stocks, Stanley Motta shed 68 cents in closing at $5.30 in trading 2,251 stock units and Wisynco Group popped 30 cents to close at $19.80 with 304,609 shares clearing the market.
In the preference segment, 138 Student Living preference shares shed $1.75 to end at $6.95 with an exchange of 2,250 units, Eppley 7.50% preference share fell 72 cents to $5.95 in trading 1,830 shares and JMMB Group 7.25% preference share gained 34 cents in ending at $2.64 with a transfer of 2,399 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.