Steady trading for JSE Main Market

Trading on the Main Market of the Jamaica Stock Exchange closed with more shares trading at a lower value than on Tuesday and ended with an even number of prices rising as falling, leaving the market indices modestly down.
Trading ended with 40 securities changing hands with the prices of 16 stocks rising, 16 declining and eight securities ended unchanged. At the close, the All Jamaican Composite Index fell 161.12 points to 406,680.20, the JSE Market Index shed 143.95 points to 371,080.85 and the JSE Financial Index lost 0.74 points to end at 95.61.
The average PE Ratio of the Main Market ended at 15.5 based on IC’s forecasted 2020-21 earnings.
The market closed with an exchange of 26,057,067 shares accounting for $114,023,224 compared to 16,335,306 units at $134,380,830 on Tuesday.
Pulse Investments led trading with 8 million shares for 31 percent of total volume followed  TransJamaican Highway with 6.7 million units for 26 percent of the day’s trade and Wigton Windfarm with 6.4 million units for 25 percent market share. Other stocks trading a million units or more, are  Sagicor Select Financial Fund with 1.6 million shares and Wisynco Group with 1.07 million units.
The average trade for the day ended at 651,427 units at $2,850,581 in contrast to an average of 398,422 valued at $3,277,581 on Tuesday. An average 804,137 for the month to date at $2,906,412 for each security, in contrast to 373,718 units at $4,445,101. The average volume and value for June was 818,748 units valued at $7,498,303.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Main market shows 10 stocks ended with bids higher than their last selling prices and 4 with lower offers.
At the close of the market, Caribbean Cement fell $1 to settle at $46.90, with 5,150 units changing hands, First Rock Capital climbed $1.15 to $14.20, in trading 16,289 stock units, Grace Kennedy closed at $57.50, with gains of $2.50 transferring 370,837 shares. Jamaica Producers Group ended $1.25 higher at $23.75, after exchanging 13,952 units, JMMB Group shed 99 cents to finish at $31, with 75,710 shares crossing the market. Kingston Wharves gained 49 cents to settle at $53.99, in trading 6,202 units, NCB Financial Group fell  $1.10 transferring 31,894 stock units and closed at $133, 138 Student Living lost 31 cents to end at $5.99, with 220,446 shares changing hands, Sagicor Group closed 51 cents lower at $45.50 trading 75,759 stock units. Sagicor Real Estate Fund finished at $7.75, after losing 54 cents transferring 258,099 shares, Scotia Group declined $2 to settle at $43, with trades of 131,758 shares and Seprod climbed $1.53 to $51.75, in transferring 21,484 stock units.

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

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