Trading ended on Tuesday with the main market indices falling appreciably, after rising stocks trailed by almost one to two those declining as the volume of shares traded spiked 123 percent higher and the value of stocks surged 186 percent over Monday at the close of the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index fell 1,769.43 points to settle at 444,491.03, the JSE Main Index declined 1,811.95 points to 404,690.63 and the JSE Financial Index shed 0.18 points to end at 98.64.
Trading ended with 46 securities compared to 51 on Monday, with 11 stocks rising, 20 declining and 15 ending unchanged. The PE Ratio, a measure used in computing appropriate stock values, averages 15.5 based on ICInsider.com forecast of 2021-22 earnings.
The market closed with 14,658,044 shares trading for $171,290,682 versus 6,587,765 units at $59,809,086 on Monday. Sagicor Select Financial Fund led trading with 40.2 percent of total volume after exchanging 5.89 million shares followed by Wigton Windfarm 11.9 percent, with 1.74 million units, Transjamaican Highway accounted for 10.3 percent with 1.51 million units and Barita Investments 7.8 percent with 1.15 million shares changing hands.
Trading averages 318,653 units at $3,723,710, compared to 129,172 shares at $1,172,727 on Monday and month to date, an average of 319,165 units at $3,703,697, compared to 319,241 units at $3,702,393 on Monday. August closed with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments climbed $4 to $94 in exchanging 1,145,005 stock units, Berger Paints rose 97 cents to $14.10 after trading 27,638 units, Caribbean Cement rallied 97 cents to $103 with 31,506 stocks crossing the market. Caribbean Producers popped 22 cents to $4.67 in transferring 100,275 stock units, Eppley spiked $1.20 in ending at $39.70 with an exchange of 1,493 stocks, First Rock Capital rose 59 cents to $12.59 with 102,683 shares clearing the market. GraceKennedy shed 51 cents to close at $99.49, trading 24,485 units, Guardian Holdings dropped $7 to $585 in an exchange of 138 stocks, Jamaica Broilers lost 40 cents to end at $28.10 in switching ownership of 35,260 shares. Jamaica Producers fell $2.39 to finish at $21 after 168,013 stock units crossed the market, Jamaica Stock Exchange slipped 55 cents to $17.20 with the transfer of 3,900 units, Kingston Wharves lost 46 cents to close at $46.05 in switching ownership of 7,258 stocks. NCB Financial Group declined $1.10 to $127.90 with the swapping of 43,639 units, Palace Amusement popped $50 in closing at $1,050 in trading four shares, Proven Investments gained 27 cents to end at $32.37 after clearing the market with 15,512 stock units. Sagicor Real Estate Fund fell 50 cents in ending at $8 with an exchange of 14,870 stocks, Salada Foods lost 43 cents to $6.50 in switching ownership of 28,135 shares, Scotia Group declined 45 cents to close at $39.55 after exchanging 19,323 stock units. Seprod shed $2 after ending at $64 in trading 83,383 shares and Sygnus Credit Investments lost 39 cents in closing at $15.50, with 102,675 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.