Slippage for JSE majors on Tuesday

Advancing and declining stocks were almost evenly balanced at the end of market activity on Tuesday, but with rising stocks having the edge after the volume of shares traded and the value fell 14 percent and 26 percent respectively compared to Monday on the Jamaica Stock Exchange Main Market on a day of low volume that attracted relatively small sum.
At the close, the All Jamaican Composite Index declined 1,326.49 points to 463,119.12, the JSE Main Index dropped 3,307.14 points to 423,909.26 and the JSE Financial Index lost 0.84 points to 104.29.
Trading ended with 51 stocks, up from 46 on Monday, with 22 rising, 20 declining and nine remaining unchanged. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 16.6 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 6,642,522 shares trading for $52,483,080, down from 7,760,356 units at $70,527,298 on Monday. QWI Investments led trading with 29.1 percent of total volume for an exchange of 1.93 million shares followed by Transjamaican Highway with 19.7 percent for 1.31 million units and Wigton Windfarm 13.4 percent with 891,752 units changing hands.
Trading averaged 130,246 units at $1,029,080, compared to 168,703 shares at $1,533,202 on Monday. Trading month to date averages 126,120 units at $1,521,948, in contrast to 124,689 units at $1,692,944 on Monday. June ended with an average of 249,610 units at $3,877,606.
Investor’s Choice bid-offer indicator reading has thirteen stocks ending with bids higher than their last selling prices and eight with lower offers.
At the close, Eppley shed $1.10 to close at $43.90 in exchanging 7,577 shares. Eppley Caribbean Property Fund sank $4.46 to $40.54 with a transfer of 572 units, Grace Kennedy spiked 99 cents to $103.99 in trading 77,467 stock units. Guardian Holdings dropped $5 to $650, with 5,882 units changing hands, Jamaica Producers shed 60 cents in ending at $24 after 18,720 stock units crossed the market with. JMMB Group popped 44 cents to close at $38 in switching ownership of 130,050 shares, Kingston Properties lost 30 cents to close at $8.40 in trading 32,665 stocks, Kingston Wharves fell 30 cents to $47.70 with the swapping of 4,837 stocks, Margaritaville spiked $1.30 to $15.30 with an exchange of 33,171 shares. NCB Financial rallied $2.49 to $141.50 in transferring 58,770 stocks, 138 Student Living added 25 cents to end at $5.15 with 8,411 stock units crossing the market, Palace Amusement jumped $75 to close at $1,425 in an exchange of 201 units. Sagicor Group rose 49 cents to $56.50 in switching ownership of 140,317 stock units. Scotia Group shed 50 cents to end at $40, with 8,550 units changing hands, Seprod picked up 50 cents in ending at $72, with 46,730 shares clearing the market and Supreme Ventures gained 30 cents to close at $19.40 with the swapping of 12,519 stock units.
In the preference segment, JMMB Group 7.15% – 2028 share lost 15 cents in ending at $3.35 with an exchange of 16 units and Productive Business Solutions 9.75% preference share spiked $4.89 to $105 after investors cleared the market of 93 stock units.
In the Corporate Bond market COLOSSAL 4.25% FR2022 traded 300,000 units at $100.72409 with a gain of 72 cents.

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

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