Sharp fall ahead of month-end

Investors pushed the Main Market of the Jamaica Stock Exchange down one day ahead of the month-end with the trading levels being less than half of Friday’s volume, with just 11,614,743 shares trading for $70,135,159 compared to 27,345,784 units at $96,729,414 on Friday.
At the close of market activities on Monday, the JSE All Jamaican Composite Index dropped 4,523.57 points to 412,244.06, the JSE Market Index dived 4,167.69 to end at 375,988.74 and the JSE Financial Index slipped 0.97 points to settle at 97.41.
Trading in the Main Market ended with 44 securities changing hands with the prices of 14 stocks rising, 23 declining and seven closing unchanged and the average PE Ratio of the Market ended at 15.4 based on IC’s forecasted 2020-21 earnings.
Pulse Investments led trading with 3.27 million shares for 28 percent of total volume followed by Transjamaican Highway with 2.5 million units for 21.6 percent of the day’s trade and Wigton Windfarm with 1.44 million units for 12.4 percent market share. Sagicor Select Financial Fund was the only other stock to trade more than a million shares and ended with 1.4 million units changing hands.
The average trade on Monday ended at 263,928 units at 1,593,052 in contrast to an average of 701,174 at $2,480,241 on Friday. The average volume and value for the month to date amounts to 782,169, units at $7,295,380 in contrast to 808,713 units at $7,227,394 previously. May closed with an average of 475,543 shares at $3,077,280 for each security traded. IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Main market shows 14 stocks ended with bids higher than their last selling prices and 3 with lower offers.
At the close of the market,  Barita Investments jumped $3.45 to end at $57.30 in the transfer of 179,856 shares, Berger climbed 60 cents to finish at $14, exchanging 6,500 units. Eppley declined by $2.06 to end at $15.90 with 3,150 shares changing hands, Eppley Caribbean Property Fund rose 45 cents to close at $43 with a transfer of 2,669 stock units, First Rock Capital lost  60 cents to settle at $14.50 in trading 6,459 units. Jamaica Broilers declined by $2.10 to finish at $26.90 after the exchange of 17,607 stock units, Jamaica Stock Exchange advanced $1.58 to close at $21.88 with investors swapping 145,804 stock units, JMMB Group shed 99 cents to close at $32 while exchanging 160,743 shares. Kingston Properties advanced 30 cents to end at $7 with investors having transferred 1,582 shares, Kingston Wharves dropped $3 to close at $53 in trading 18,622 shares, Mayberry Investments declined 34 cents to $5.65 with 59,529 units changing hands. MPC Caribbean Clean Energy dropped $1 to settle at $169, trading 200 units, NCB Financial Group lost $1.09 to close at $138.90 in the transfer of 119,505 shares, 138 Student Living climbed 42 cents to settle at $6.72 in trading just one stock unit, Palace Amusement jumped $240 to settle at $1,840 with an exchange of 25 units. PanJam Investment climbed $2 in ending at $75 with 6,582 stock units traded, Proven Investments increased $1.50 to $34.50 in the exchange of  560 stock units, Sagicor Group shed 97 cents to settle at $46.03 with the transfer of  66,782 units. Salada Foods rose 90 cents to end at $29.90, exchanging 20 shares, Scotia Group eased by 35 cents in closing at $47 in trading 10,164 stock units and Wisynco Group shed $1.18 to end at $17.52 with 130,643 shares crossing the exchange.

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

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