Stock market trading on Tuesday ended with the market losing ground after more stocks declined than advanced, with values jumping 106 percent after an exchange of 42 percent fewer shares than on Monday on the Main Market of the Jamaica Stock Exchange.
The All Jamaican Composite Index shed 1,460.68 points to close at 432,606.20, the Main Index fell 1,381.93 points to 394,456.15 and the JSE Financial Index shed 0.63 points to end at 99.14.
Trading ended with 46 securities changing hands, up from 45 on Monday and closed with prices of 16 stocks rising, 21 declining and nine remaining unchanged.
The PE Ratio averages 19.4 based on ICInsider.com’s forecast of 2020-21 earnings.
Investors traded 8,355,063 shares for $166,391,033 compared to 14,493,061 units at $80,703,499 on Monday. Wigton Windfarm led trading with 16.8 percent of total volume, after an exchange of 1.41 million shares followed by QWI Investments with 12.9 percent and 1.07 million units and PanJam Investment with 12.4 percent for 1.04 million units,
Trading for the day averaged 181,632 units at $3,617,196, versus 322,068 shares at $1,793,411 on Monday. Month to date trading averaged 288,698 units at $2,349,520, in contrast to 306,738 units at $2,135,919 on Monday. February closed with an average of 419,015 units at $2,509,660.
Investor’s Choice bid-offer indicator reading has 11 stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Berger Paints lost 25 cents to end at $13.25 trading 14,681 shares. Caribbean Cement climbed $3 to $69 after an exchange of 180,280 stock units, Carreras gained 27 cents to end at a 52 weeks’ high of $8.35 in trading 696,549 shares, Eppley lost 25 cents to close at $28 in an exchange of 85,062 stocks. Eppley Caribbean Property Fund rose 47 cents to $41.50, with 1,200 units changing hands, Grace Kennedy advanced $1 to $90 in transferring 322,130 stocks, Jamaica Producers climbed $1.28 to $21.58, with 407,827 shares crossing the market. Jamaica Stock Exchange finished 85 cents higher at $18.85 after trading 6,281 units, JMMB Group slipped 21 cents to $32.74 after investors swapped 48,216 stocks, Kingston Wharves rose 49 cents to $44.99 in switching ownership of 110 units, MPC Caribbean Clean Energy declined $14 to $140 trading 20 stock units. Palace Amusement dropped $180 to a 52 weeks’ low of $700 after 721 units crossed the exchange, Pan Jam Investment climbed $2.60 to $65.60 with 1,037,785 shares clearing the market. Proven Investments fell $1.31 to $33.25 in exchanging 14,647 stock units, Sagicor Real Estate Fund shed 35 cents in closing at $8 after an exchange of 48,427 stock units. Salada Foods fell 60 cents to $43.90 trading 11,179 units, Scotia Group ended $3.99 lower at $40 with the swapping of 65,792 stock units, Supreme Ventures gained 21 cents to close at $15.65 in switching ownership of 20,943 shares. Sygnus Credit Investments fell 39 cents to $14.71 after exchanging 43,500 stock units and Wisynco Group gained 28 to end at $16.19, with 40,072 stock units changing hands.
In the preference segment, 138 Student Living preference shares fell 44 cents to close at a 52 weeks’ low of $3.76 with 2,000 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.