Trading plunged on Wednesday with the volume of shares trading declining by 8 percent, but the value dropped 72 percent lower than Tuesday leading to an equal number of stocks rising and falling at the close of the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index declined 1,097.95 points to settle at 428,730.13, the Main Index fell 1,056.44 points to 388,038.97 and the JSE Financial Index shed 0.72 points to close at 94.62.
Trading ended with 45 securities compared to 50 on Tuesday, with 18 rising, 18 declining and nine ending unchanged. The PE Ratio, a formula for computing appropriate stock values, averages 15.6. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasted by ICInsider.com for companies with financial years ending between the current year and August 2022.
Trading ended with 6,971,534 shares changing hands for $42,325,701 versus 7,587,100 units at $150,880,078 on Tuesday. Wigton Windfarm led trading with 68.2 percent of total volume for an exchange of 4.75 million shares followed by Sagicor Select Manufacturing & Distribution Fund with 9.2 percent for 643,197 units and Transjamaican Highway with 3.1 percent after trading 213,071 units.
Trading averages 154,923 units at $940,571, compared to 151,742 shares at $3,017,602 on Tuesday and month to date, an average of 408,016 units at $5,431,440, compared to 453,032 units at $6,230,211 on Tuesday. November closed with an average of 233,949 units at $2,695,416.
Investor’s Choice bid-offer indicator shows 14 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments dipped 45 cents ending at $90 in switching ownership of 11,378 shares, Caribbean Cement shed $1.49 in closing at $75.99 after trading 42,732 stocks, Eppley advanced $2 to $38 in exchanging 439 stock units. First Rock Capital lost 60 cents to close at $10, with 19,949 units crossing the exchange, GraceKennedy gained 50 cents to end at $99 with a transfer of 55,967 units, Guardian Holdings fell $4 to $520 finishing with 3,104 shares changing hands. Jamaica Broilers advanced $1.19 to $30 with 11,382 stocks crossing the market, Jamaica Stock Exchange lost 40 cents to settle at $16.50 in exchanging 11,203 stock units, Kingston Properties fell 50 cents to $8.50 in transferring 1,010 stocks. Kingston Wharves popped $3 to close at $44 after trading 5,079 units, Palace Amusement dropped $35 to $995 trading 1 share, PanJam Investment rallied 60 cents to $68 with the swapping of 8,643 stock units. Proven Investments gained 34 cents in closing at $33.50 with 700 shares clearing the market, Sagicor Group shed $1.49 to end at $51 after exchanging 8,154 units, Salada Foods rose 33 cents to close at $6.35 in trading 292 stocks. Scotia Group declined $1.47 to $34.03 in an exchange of 37,793 stock units, Supreme Ventures spiked $1.19 to finish at $18.49 with 7,659 units changing hands, Sygnus Credit Investments dipped 49 cents to close at $15 in exchanging 86,031 stocks and Wisynco Group popped 26 cents in closing at $16.30 with 175,332 stock units crossing the market.
In the preference segment, JMMB Group 7.35% – due 2028 rose 31 cents to $3.48 in exchanging 5,693 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.