Market activity ended on Wednesday with the market declining after an even number of stocks advanced and declined, with 14 percent more shares trading with slightly greater value than on Tuesday at the close of the Jamaica Stock Exchange Main Market.
At the close, the All Jamaican Composite Index dipped 361.17 points to 472,867.87, the JSE Main Index fell 704.18 points to 435,628.41 and the JSE Financial Index slipped 0.54 points to 108.64.
Trading ended with 49 securities compared to 51 on Tuesday, with 20 stocks rising, 20 declining and nine remaining unchanged. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 17 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 10,422,317 shares trading for $137,283,960 versus 9,136,559 units at $130,802,962 on Tuesday. Wigton Windfarm led trading with 23.3 percent for an exchange of 2.41 million shares, followed by Transjamaican Highway with 21.3 percent after trading 2.21 million units and JMMB Group 10.7 percent with 1.11 million units.
Trading averaged 212,700 units at $2,801,713, compared to 179,148 shares at $2,564,764 on Tuesday. Trading month to date averages 243,159 units at $4,237,836, in contrast to 245,024 units at $4,325,798 on Tuesday. May ended with an average of 439,937 units at $4,698,961.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments shed 70 cents in closing at $81.70 after a transfer of 84,209 shares. Eppley dropped $5.90 to $38.10 in exchanging 363 units, Eppley Caribbean Property Fund ended 25 cents lower at $41.75 after trading 11,081 stocks, First Rock Capital shed 50 cents to close at $15.50 with 6,009 units changing hands. Guardian Holdings drifted $9 down to $a new low of $710.99 with 2,589 stock units clearing the market, Jamaica Producers popped 47 cents to $25 with 28,477 shares changing hands, Mayberry Investments rallied 54 cents to $6.14 with an exchange of 178 units. NCB Financial lost 51 cents in closing at $143.02, with 27,056 shares crossing the exchange, Palace Amusement rallied $75 to $1,175 with a transfer of 918 stocks, Pan Jam Investment spiked 89 cents to $69.49 in trading 8,563 shares. Proven Investments fell 98 cents to $35.50 in exchanging 5,002 stocks, Sagicor Real Estate Fund rallied 73 cents to $9.05 with the swapping of 27,282 units, Scotia Group fell $1.95 to $40 after 963,945 shares crossed the exchange, Sterling Investments gained 19 cents to end at $3 in switching ownership of 15,954 stocks, Supreme Ventures advanced $1.74 to $19.39 with 37,373 stock units changing hands.
In the preference segment, 138 Student Living Preference share dropped $1.41 to $6.50 in trading 250 stock units, Eppley 8.25% rose 85 cents to $6.90 with 1,505 stocks crossing the market and JMMB Group 7.25% rallied 35 cents to $1.50 in a transfer of 40,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.