Slippage for JSE Main Market

Market activity ended on Wednesday with the volume of shares trading rising marginally above Tuesday’s levels but with a 20 percent lower value leading to an equal number of 24 stocks each, rising and declining on the Jamaica Stock Exchange Main Market as nine ended unchanged following the trading of 57 securities.
The All Jamaican Composite Index shed 1,070.81 points to end at 451,592.36, the JSE Main Index declined 1,604.51 points to 399,750.97 and the JSE Financial Index lost 0.42 points to close at 96.74.
The PE Ratio, a formula for computing appropriate stock values, averages 16.9. 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, 25,678,501 shares were exchanged for $170,560,569 versus 25,075,120 units at $212,434,651 on Tuesday. Stanley Motta led trading with 39.5 percent of total volume for an exchange of 10.14 million shares followed by Wigton Windfarm, 17.5 percent with 4.50 million units, QWI Investments controlled 12.7 percent after an exchange of 3.26 million units and Transjamaican Highway with 6.2 percent after transferring 1.60 million units.
Trading averages 450,500 units at $2,992,291, compared to 439,914 shares at $3,726,924 on Tuesday and month to date, an average of 304,601 units at $2,968,069, compared to 291,484 units at $2,965,891 on the previous day. January closed with an average of 235,328 units at $2,397,571.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Berger Paints gained 50 cents to close at $13 after exchanging 70 stock units, Caribbean Cement rose $1.01 to $84.01 with 16,178 units crossing the market, Caribbean Producers lost 75 cents at $15.75 in exchanging 389,800 stocks. Eppley shed 80 cents in closing at $34.20 with the swapping of 3,630 shares, Eppley Caribbean Property Fund rallied $2.50 to $41 in trading 50 units, First Rock Capital gained 72 cents to close at $12.65 with 13,572 stocks clearing the market. Guardian Holdings dropped $11 to $550 with a transfer of 1,720 stock units, JMMB Group rose 88 cents to end at $43.99 with 643,369 shares changing hands, Key Insurance lost 31 cents to finish at $4.90 in switching ownership of 259,372 stocks. Massy Holdings declined $100 after ending at $2,100 in trading 11,687 units, Mayberry Jamaican Equities gained 31 cents to finish at $9.02 in an exchange of 4,100 shares, NCB Financial shed 74 cents to end at $128.26 in transferring 44,832 stocks. 138 Student Living fell 78 cents to settle at $7.42 in switching ownership of 29,187 shares, PanJam Investment popped 30 cents to close at $65.50 with the swapping of 2,000 stock units, Proven Investments gained 40 cents in closing at $34.20 after 18,173 units cleared the market. Sagicor Group popped $2.94 to $56.48 with 7,093 shares crossing the exchange, Scotia Group lost 50 cents in closing at $35.50 switching ownership of 4,000 stocks, Stanley Motta shed 46 cents after ending at $5 in an exchange of 10,136,915 shares. Supreme Ventures lost 45 cents to end at $18.55 after 45,424 stock units changed hands and Sygnus Real Estate Finance declined $1.77 to close at $15.23 with the swapping of 1,500 shares.
In the preference segment, JMMB Group 7.25% preference share lost 35 cents to end at $2.64 with 927 stock units changing hands and Productive Business Solutions 9.75% preference share fell $30 in closing at $108 with a transfer of 300 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.