Market activity ended on Monday and resulted in more stocks rising than falling at the close of trading, after trading 181 percent more shares, with a 72 percent higher value than Friday, but ended with the market indices dropping at the close of the Trinidad and Tobago Stock Exchange.
A total of 19 securities traded compared to 16 on Friday, with four rising, three declining and 12 remaining unchanged. The Composite Index declined 15.38 points to 1,471.65, the All T&T Index fell 10.30 points to finish at 2,138.28 and the Cross-Listed Index dropped 2.91 points to settle at 106.19.
Overall, 1,173,748 shares traded for $7,642,164 compared to 417,451 units at $4,444,008 on Friday. An average of 61,776 units traded at $402,219 compared to 26,091 shares at $277,751 on Friday, with trading month to date averaging 36,753 units at $470,927 versus 33,583 units at $479,630 previously. The average trade for February amounts to 47,858 units at $516,870.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s remained at $50 in switching ownership of 270 shares, CinemaOne finished at $3.95 in trading 100 stocks, Clico Investment Fund ended unchanged at $29 after exchanging 7,991 stock units. FirstCaribbean International Bank increased 3 cents to close at $6.08 with an exchange of 2,000 units, GraceKennedy ended at $6, with 62,423 units clearing the market, Guardian Holdings finished at $29.54 after trading 10,882 stocks. JMMB Group popped 5 cents to close at $2.30, with 155,425 shares changing hands, Massy Holdings dropped 94 cents after ending at $6.01 while exchanging 853,063 stock units, National Enterprises remained at $2.95, with 2,994 shares crossing the exchange. 
National Flour Mills remained at $1.84 trading 7,791 units, NCB Financial Group fell 44 cents to a 52 weeks’ low of $6.01 in exchanging 39,765 stock units, One Caribbean Media ended unchanged at $4.15, with 2,648 stocks crossing the market. Point Lisas closed at $3.50 in an exchange of 2,000 stock units, Prestige Holdings lost 10 cents after ending at $7 after 4,465 shares crossed the market, Republic Financial Holdings gained $1 to end at $141 exchanging 282 stocks. Scotiabank ended at $74.99 trading 60 units, Trinidad & Tobago NGL finished at $20.52 with the swapping of 3,836 stocks, Unilever Caribbean ended unchanged at $15.25 trading 8,500 shares and West Indian Tobacco advanced 65 cents after ending at $24, with 9,253 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Fall for Trinidad Stock Exchange
Cargo Handlers exits ICTOP10 with 33% gain
Cargo Handlers returned to ICTOP10 listing last week and was another winner with gains of 33 percent, sufficient to move it out of the top flight Junior Market stocks. The stock joins a long list of high performance ICTOP10 stocks, including the 32 percent gain in Tropical Battery stock in the previous week.
Caribbean Assurance Brokers come back in the Junior Market list, while Sterling Investments makes it back to the Main Market listing at the expense of TransJamacian Highway after just one week, but investors should keep an eye for this one.
In a week when the Junior Market dropped 297 points in three days that pushed the index down to 3,871 points, it bounced on the last two days to close over 4,031, still 137 points from the record of 4,168.16, at the end of the previous week. Meanwhile, the Main Market continues to consolidate around support at 440,000 points measured by the All Jamaica Composite Index.
Recent IPOs JFP limited and EducFocal are set to list on Monday and Tuesday coming following the oversubscribed initial public offers.
During the past week, the Junior Market TOP10 listed Access Financial, Lasco Financial and Iron Rock Insurance gained 6 percent each while Medical Disposables fell 9 percent and Tropical Battery slipped 5 percent. In the Main Market, the primary movers are Guardian Holdings with a 4 percent gain, while JMMB Group fell 7 percent and Proven Investments declined by 5 percent.
The potential gains for the TOP 10 Junior Market stocks remained for a second week at 105 percent, much lower than the Main Market at 127 percent, an indication that the Main Market is undervalued. The top three stocks in the Junior Market are Medical Disposables followed by Elite Diagnostic and Lasco Distributors to gain between 122 and 133 percent, compared to 121 and 126 percent, previously.
The potential gains for Main Market stocks moved from 124 percent last week to this weeks’ 127 percent, with the top three being JMMB Group followed by Guardian Holdings and Sygnus Credit Investments all projected to gain between 168 and 193 percent versus 161 and 193 percent last week.
The average PE for Junior Market has surpassed the average of 17 times 2020 earnings achieved at the end of March last year in moving to 19 based on ICInsider.com’s 2021-22 earnings and is ahead of the JSE Main and USD Markets at 15.7 well off from 19 in 2021. The TOP 10 stocks trade at a PE of a mere 9, with a 48 percent discount to that market’s average.
All the stocks in the Junior Market can gain just 5 percent to the end of March this year, based on an average PE of 20. About a third of Junior Market stocks with positive earnings are trading at or above this level, averaging around 23.
The average PE for the JSE Main Market is 21 percent less than the PE of 19 at the end of March and 24 percent below the target of 20 to the end of March this year. The Main Market TOP 10 average PE is 9 representing a 43 percent discount to the market, well below the potential of 20. Around 15 stocks or a thirty percent of the market trade at or above a PE of 19, with most over 20, for an average roundabout 25, suggesting that the accepted multiple is between 20 and 25 times current year’s earnings. The depressed PE of the main market may be indicating that bigger investors are reluctant to be aggressive in buying into the market currently with inflation, rising interest rates and war populating the headlines.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market.
ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on the possible increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. Revisions to earnings per share are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
Gains into the weekend for JSE USD stocks
More stocks gained than declined in trading on Friday, at the close of Jamaica Stock Exchange US dollar market, with the volume and value of shares changing hands declined by 85 percent from Thursday levels.
A total of eight securities traded, compared to seven on Thursday with four rising, two declining and two ending unchanged.
The JSE US Denominated Equities Index gained 1.02 points to end at 206.49.
The PE Ratio, a measure used in computing appropriate stock values, averages 14.5. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years, up to August 2022.
Overall, 80,700 shares traded, for US$9,877 in contrast to 530,161 units at US$65,425 on Thursday. Trading averaged 10,088 units at US$1,235, compared to 75,737 shares at US$9,346 on Thursday with month to date average of 59,884 shares at US$5,057 versus 67,545 units at US$5,645 on the preceding day. February ended with an average of 87,719 units for US$9,318.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and two with a lower offer.
At the close, First Rock Capital USD share increased 0.35 of a cent in ending at 8.3 US cents 44,143 shares changing hands, 
Margaritaville advanced 1.1 cents to end at 17 US cents while exchanging 818 stock units, Productive Business Solutions popped 1 cent in closing at US$1.02, with 748 stocks crossing the market. Proven Investments dropped 0.18 of a cent to 23.82 US cents in trading 27 units, Sygnus Credit Investments USD share lost 0.02 of a cent to close at 12.97 US cents, with 31,193 shares clearing the market, Sygnus Real Estate Finance USD share finished at 16 US cents with an exchange of 58 units and Transjamaican Highway remained at 0.88 of a US cent and closed with 2,273 stock units changing hands.
In the preference segment, JMMB Group 6% climbed 10 cents to end at US$1.10 trading 1,440 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Increased trading on Main Market
Market activity ended on Friday with the volume of shares trading rising moderately above Thursday level with 239 percent higher value at the close of the Jamaica Stock Exchange Main Market as declining were more than rising ones.
The All Jamaican Composite Index declined 2,112.90 points to 440,135.36, the JSE Main Index rose 876.40 points to 400,871.25 and the JSE Financial Index fell 0.19 points to end at 95.35.
A total of 59 securities traded, up from 56 on Thursday ending with 20 rising, 26 declining and 13 unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 15.90. The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
Overall, 15,195,980 shares were exchanged for $440,781,941 versus 14,510,096 units at $130,102,912 on Thursday. Wigton Windfarm led trading with 29.5 percent of total volume for an exchange of 4.48 million shares followed by JMMB Group with 18.4 percent for 2.80 million units, GraceKennedy controlled 15.5 percent with 2.35 million units, QWI Investments held 11.6 percent after trading 1.77 million units and Transjamaican Highway had 6.9 percent with 1.04 million units changing hands.
Trading averaged 257,559 units at $7,470,880, compared to 259,109 shares at $2,323,266 on Thursday and month to date, an average of 460,902 units at $8,083,611, compared to 492,391 units at $8,178,496 on the previous trading day. February closed with an average of 392,520 units at $3,199,976.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Berger Paints fell $1 to $12 with 1,386 shares crossing the market, Caribbean Cement lost 50 cents to close at $71 in an exchange of 3,798 stocks, Caribbean Producers declined $1.69 after ending at $14.25 with 395,160 stock units clearing the market. Eppley rose $1.35 in closing at $41.45 with a transfer of 81 units, Eppley Caribbean Property Fund advanced $1.94 to $40 in exchanging 103,690 shares, First Rock Capital rallied $1.24 in closing at $12.54 in switching ownership of 3,891 stocks.GraceKennedy shed 97 cents to end at $103.01 with the swapping of 2,352,331 shares, Guardian Holdings advanced $5 to $555 in trading 24,116 stock units, Jamaica Broilers lost 50 cents to settle at $29 with a transfer of 41,988 units. Jamaica Stock Exchange popped 30 cents to end at $17 while 31,808 stock stocks changed hands, JMMB Group fell $1 to $41 trading 2,798,284 stock units, Kingston Properties shed $1 to end at $8.50 in exchanging 8,741 shares. Kingston Wharves fell $1 to $40 after 126,144 units crossed the exchange, Massy Holdings declined $5.53 to close at $122.47 after transferring 158,384 stocks, Mayberry Investments gained 95 cents in closing at $7.45 with the swapping of 2,000 stock units. MPC Caribbean Clean Energy climbed $19 to end at $119 after trading 253 units, NCB Financial shed 55 cents to close at $118.26 in exchanging 34,417 shares, Palace Amusement dropped $80 to $950 in switching ownership of 43 stock units. 
PanJam Investment shed 99 cents to end at $67.56 with 20,375 stocks crossing the exchange, Portland JSX fell $1.36 to $7.50 after the swapping of 5,000 shares, Proven Investments popped 75 cents in closing at $35.75 with a transfer of 21,504 stocks. Sagicor Group fell $1.58 to end at $58.42 with 8,163 stock units changing hands, Seprod declined $2.93 to $55.02 with the swapping of 7,031 units and Sygnus Real Estate Finance rose 82 cents to $17.50 in an exchange of 500 shares.
In the preference segment, Productive Business Solutions 9.75% preference share declined $5 to close at $100 after exchanging 2,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More stocks fall on TTSE than gained
Market activity ended on Friday and resulted in a sharp 41 percent decline in the volume of shares, with 78 percent lower value than on Thursday leading to more stocks declining than rising at the close of trading on the Trinidad and Tobago Stock Exchange.
Trinidad & Tobago Stock Exchange Head Quarters
A total of 16 securities traded compared to 17 on Thursday, with three rising, six declining and seven remaining unchanged. Massy Holdings closed at a 52 weeks’ high while NCB Financial and West Indian Tobacco closed at 52 weeks’ lows. The Composite Index declined 4.37 points to settle at 1,487.03, the All T&T Index climbed 7.76 points to 2,148.58 and the Cross-Listed Index lost 2.43 points to settle at 109.10.
A total of 417,451 shares traded for $4,444,008 compared to 706,385 units at $20,004,147 on Thursday. An average of 26,091 units traded at $277,751 compared to 41,552 shares at $1,176,715 on Thursday, and trading month to date averaged 33,583 units at $479,632 versus 34,478 units at $503,735. The average trade for February amounts to 47,858 units at $516,870.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling price and one stock with a lower offer.
At the close, Agostini’s ended unchanged at $50 trading 499 shares, Ansa McAl finished at $57, with 82 stock units crossing the market 82, Clico Investment Fund remained at $29 in switching ownership of 1,335 units. First Citizens Group closed at $59.90 while exchanging 238 stock units, FirstCaribbean International Bank fell 3 cents to close at $6.05 after 29,300 stocks changed hands, GraceKennedy ended at $6 with the swapping of 615 stock units. 
JMMB Group finished at $2.25 after trading 10,397 shares, L.J. Williams B share finished at $1.95 in exchanging 20,363 units, Massy Holdings rose 20 cents to close at a 52 weeks’ high of $6.95, as 223,689 units changed hands. National Flour Mills lost 3 cents to end at $1.84, with 73,192 shares crossing the exchange, NCB Financial Group shed 5 cents to end at a 52 weeks’ low of $6.45 with an exchange of 20,000 stock units, Republic Financial Holdings dropped $2 in ending at $140 after exchanging 12,803 stocks. Scotiabank slipped 1 cent in closing at $74.99 in an exchange of 440 stock units, Trinidad & Tobago NGL climbed 24 cents to end at $20.52, with 17,133 units clearing the market, Unilever Caribbean popped 5 cents to close at $15.25 in trading 4,000 shares and West Indian Tobacco shed 65 cents to close at a 52 weeks’ low of $23.35 crossing the market 3,365 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Massy pushes Main Market Index 11,265 points
Massy Holdings jumped 28 percent after the stock was split into 20 units on Thursday, sending the Main Market Index flying more than 11,000 points as trading ended with the volume of shares exchanged declining 15 percent and the value falling 71 percent below Wednesday’s levels at the close of the Jamaica Stock Exchange Main Market as rising and declining stocks were equal in numbers.
The All Jamaican Composite Index gained 1,744.16 points to 442,248.26, the JSE Main Index surged 11,265.05 to 399,994.85 and the JSE Financial Index popped 0.09 points to settle at 95.54.
Trading ended with 56 securities versus 55 on Wednesday with 24 rising, 24 declining and eight ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16. The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
Overall, 14,510,096 shares were exchanged for $130,102,912 versus 16,997,775 units at $448,161,608 on Wednesday. Wigton Windfarm led trading with 24.2 percent of total volume for an exchange of 3.51 million shares, followed by QWI Investments, 15.5 percent with 2.24 million units, Sagicor Select Manufacturing & Distribution Fund accounted for 14.6 percent with 2.12 million units, Sagicor Select Financial Fund traded 2.08 million units for 14.4 percent market share and Transjamaican Highway, 8.1 percent in transferring 1.18 million units.
Trading averages 259,109 units at $2,323,266, compared to 309,050 shares at $8,148,393 on Wednesday and month to date, an average of 492,391 units at $8,178,496, compared to 532,587 units at $9,187,397 on the previous trading day. February closed with an average of 392,520 units at $3,199,976.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Berger Paints rallied $1.15 in closing at $13 with an exchange of just 39 shares, Caribbean Cement popped 48 cents to close at $71.50 in trading 44,518 units, Eppley fell $2.80 to end at $40.10 in switching ownership of 209 stocks. First Rock Capital shed $1.60 to end at $11.30 with 18,000 stock units changing hands, GraceKennedy rose 97 cents to $103.98 after 296,200 shares crossed the market, Guardian Holdings fell $2 to end at $550 in transferring 20,116 stocks. JMMB Group rose $1 to $42 in switching ownership of 341,458 units, Kingston Properties advanced $1.30 in closing at $9.50 after exchanging 1,008 shares, Kingston Wharves fell $1 to $41 in trading 23,484 units. Margaritaville added $3 to close at $21.90 with 405 stocks crossing the market, Massy Holdings rose $28 to a 52 weeks’ high of $128, with the swapping of 34,490 shares, after a 20 to one stock split took effect on the Jamaica Stock Exchange on Thursday. Mayberry Investments lost 50 cents to finish at $6.50 with an exchange of 11,427 stock units. NCB Financial fell $1.19 to end at $118.81 in swapping 21,870 stocks, Palace Amusement climbed $51 to $1,030 in exchanging 8 shares, PanJam Investment lost 95 cents in ending at $68.55 with 9,553 stock units changing hands.
Proven Investments shed $1 in closing at $35 in transferring 31,588 units, Sagicor Group advanced $1.60 to end at $60 with 559,196 shares clearing the market, Sygnus Real Estate Finance shed 87 cents in ending at $16.68 in switching ownership of 16 units and Victoria Mutual Investments rose 80 cents to close at $6.90 in an exchange of 24,577 stocks.
In the preference segment, Productive Business Solutions 9.75% preference share declined $3 to $105 after trading a mere one stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Massy shakes up Trinidad stock market
Market activity jumped Thursday on the Trinidad and Tobago Stock Exchange resulting in a strong rally in All T&T Index of 20.49 points to settle at 2,140.82 as Massy Holdings jumped 75 cents to a 52 weeks’ high of $6.75 following the 20 to one stock split on Wednesday as the market traded 90 percent more shares, valued 234 percent more than Wednesday’s outturn, but the market had three stocks declining for each one rising at the close.
A total of 17 securities traded similar to Wednesday, with three rising, nine declining and five ending unchanged. The Composite Index rose 1.64 points to some 1,491.40 and the Cross-Listed Index fell 2.59 points to settle at 111.53.
A total of 706,385 shares traded for $20,004,147 compared to 371,237 units at $5,994,458 on Wednesday. An average of 41,552 units traded at $1,176,715 compared to 21,837 shares at $352,615 on Wednesday, with trading month to date averaging 34,478 units at $503,735 versus 33,450 units at $405,951 on the previous day. The average trade for February amounts to 47,858 units at $516,870.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than the last selling price and one with a lower offer.
At the close, Agostini’s ended unchanged at $50 in trading 358,034 shares, Calypso Macro Investment Fund popped 7 cents at $17.12, with 249 units crossing the market, Clico Investment Fund fell 50 cents in closing at $29 after exchanging 8,800 stocks. First Citizens Group lost 10 cents to end at $59.90 after 1,915 stock units crossed the market, 
FirstCaribbean International Bank increased 7 cents to $6.08 with an exchange of 33,860 stock units, GraceKennedy finished at $6 in switching ownership of 1,480 units. Guardian Media remained at $3.04 in an exchange of 30 shares, JMMB Group declined 5 cents to $2.25 in an exchange of 81,566 stocks, Massy Holdings rallied 75 cents in ending at a 52 weeks’ high of $6.75with, 42,365 units changing hands. National Enterprises shed 5 cents to close at $2.95 with the swapping of 59,321 stocks, National Flour Mills dropped 8 cents in ending at $1.87 after trading 71,021 shares, NCB Financial Group fell 50 cents to a 52 weeks’ low of $6.50, with 21,133 stock units changing hands. One Caribbean Media lost 5 cents in closing at $4.15, with an exchange of 328 units, Republic Financial Holdings ended unchanged at $142, with 253 shares crossing the exchange, Scotiabank finished at $75 while exchanging 259 stocks. Trinidad & Tobago NGL shed 22 cents in ending at $20.28 after exchanging 24,721 stock units and Unilever Caribbean dropped 5 cents to close at $15.20 with 1,050 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Sideway movement for JSE USD market
Trading activity increased on Thursday and ended with the Jamaica Stock Exchange US dollar market, seeing an increased volume of shares passing through the market increasing 234 percent above Wednesday level as the value of funds passing through the market rose 425 percent higher as well and closed with an even number of stocks rising and falling.
A total of seven securities traded, the same as Wednesday with two rising, two declining and three ending unchanged.
The JSE US Denominated Equities Index lost 0.34 points to end at 205.47. The PE Ratio, a measure used in computing appropriate stock values, averages 14. The PE ratio for the JSE USD stocks is based on ICInsider.com earnings forecasts for companies with financial years, up to August 2022.
Overall, 530,161 shares traded, for US$65,425 up from 158,816 units at US$12,458 on Wednesday.
Trading averaged 75,737 units at US$9,346, compared to 22,688 shares at US$1,780 on Wednesday and the month to date an average of 67,545 shares at US$5,645 versus 66,271 units at US$5,070 on Wednesday. February ended with an average of 87,719 units for US$9,318.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, First Rock Capital USD share dropped 0.28 of a cent to 7.95 US cents, with 156,069 shares changing hands, Margaritaville fell 0.1 of a cent to 15.9 US cents with 3,171 stock units clearing the market, Proven Investments inched 0.01 of a cent higher to close at 24 US cents after trading 143,283 units Sterling Investments finished at 2 US cents after exchanging 8,893 stocks, Sygnus Credit Investments USD share ended at 12.99 US cents in an exchange of 12,827 stocks, Sygnus Real Estate Finance USD share rallied 0.11 of a cent to end at 16 US cents after 103,497 units crossed the market and Transjamaican Highway remained at 0.88 US cents after 102,421 shares changed hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gain for JSE USD stock market
Trading on Wednesday, ended with the volume of shares changing hands declining after trading 86 percent less with 62 percent lower than on Tuesday, at the close of the Jamaica Stock Exchange US dollar market, resulting in an even number of more stocks rising and falling.
Similar to Tuesday seven securities traded, with two rising, two declining and three ending unchanged. The JSE US Denominated Equities Index gained 0.92 points to end at 205.81.
The PE Ratio, a measure used in computing appropriate stock values, averages 14.1. The PE ratio for USD stocks is based on ICInsider.com earnings forecasts for companies with financial years, up to August 2022.
Overall, 158,816 shares traded for US$12,458, down from 1,143,202 units at US$32,461 on Tuesday. Trading averaged 22,688 units at US$1,780, compared to 163,315 shares at US$4,637 on Tuesday and month to date an average of 66,271 shares at US$5,070 down from 74,299 units at US$5,676 on the preceding day. February ended with an average of 87,719 units for US$9,318.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than the last selling prices and one stock with a lower offer.
At the close, First Rock Capital USD share rose 0.53 of a cent to 8.23 US cents trading just one share, Margaritaville ended unchanged at 16 US cents in exchanging 8,085 stock units, Proven Investments climbed 0.97 of one cent to end at 23.99 US cents while trading 15,615 stocks. Sterling Investments lost 0.04 of a cent after ending at 2 US cents with the swapping of 41,285 units, Sygnus Credit Investments USD share finished at 12.99 US cents with 46,608 stocks changing hands, Sygnus Real Estate Finance USD share remained at 15.89 US cents after trading 1,055 shares and Transjamaican Highway declined 0.01 of a cent to end at 0.88 US cents in an exchange of 46,167 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market slips on Wednesday
Market activity ended on Wednesday with the volume of shares trading remaining fairly stable but with an 80 percent higher value than on Tuesday on the Jamaica Stock Exchange Main Market as the number of rising and declining stocks were almost equal.
The All Jamaican Composite Index shed 1,032.87 points to 440,504.10, the JSE Main Index fell 817.05 points to 388,729.80 and the JSE Financial Index slipped 0.24 points to end at 95.45.
Trading ended with 55 securities similar to Tuesday, with 20 rising, 21 declining and 14 ending unchanged.
The PE Ratio, a formula used in computing appropriate stock values, averages 16.1. The PE ratio for the JSE Main and USD Market closing quotes uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
Overall, 16,997,775 shares were exchanged for $448,161,608 versus 17,322,599 units at $249,225,504 on Tuesday. Wisynco Group led trading with 23.8 percent of total volume in exchanging 4.05 million shares followed by QWI Investments with 21.8 percent after trading 3.7 million units, Wigton Windfarm, 15.7 percent after trading 2.66 million units and Transjamaican Highway, 11.7 percent with a transfer of 1.99 million units.
Trading on Wednesday averaged 309,050 units at $8,148,393 compared to 314,956 shares at $4,531,373 on Tuesday and month to date an average of 532,587 units at $9,187,397, compared to 578,123 units at $9,399,046 on the previous trading day. February closed with an average of 392,520 units at $3,199,976.
The Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and one with lower offers.
At the close, Berger Paints shed $1.13 to close at $11.85 in switching ownership of 4,213 shares, Caribbean Cement declined $2.97 to $71.02 with 3,984 stock units changing hands, Caribbean Producers advanced $2.88 to $15.93 in trading 328,419 units. Eppley popped $2.87 to $42.90 with 731 stocks clearing the market, Guardian Holdings advanced $2 to $552 in exchanging 13,656 shares, Jamaica Producers rose $1.55 in closing at $21.65 with the swapping of 2,771 stocks. JMMB Group fell $1.15 to end at $41 in trading 125,824 units, Key Insurance lost 60 cents after ending at $4.30 with 5,430 stock units crossing the market, Kingston Wharves rallied $1.46 to $42 with 1,033 shares changing hands. Margaritaville declined $3 to close at $18.90 in switching ownership of 2,388 units, Massy Holdings climbed $50 to close at $2,000 after exchanging 150,570 stock units, with the price adjusting for the 20 to one split effective at the commencement of trading on Thursday. Mayberry Investments gained 50 cents to finish at $7 with a transfer of 1,535 stocks, Mayberry Jamaican Equities popped 30 cents to end at $7.50 in trading 5,693 shares, PanJam Investment advanced $2.50 in closing at $69.50 with 1,448 stocks crossing the market, Portland JSX rose 81 cents to $8.86 with the swapping of 102 units. 
Proven Investments rallied $1 to $36, with 6,195 stock units changing hands, Sagicor Group fell $1.60 to end at $58.40 with an exchange of 237,461 stock units, Scotia Group lost 50 cents at $34.50 after swapping 134,753 stocks. Supreme Ventures lost 50 cents in closing at $18 after switching ownership of 19,897 shares, Sygnus Real Estate Finance rose 87 cents to close at $17.55 with a transfer of 450 units and Victoria Mutual Investments shed 50 cents to settle at $6.10 in an exchange of 279,035 stock units.
In the preference segment, 138 Student Living preference shares gained 50 cents ending at $7.50 in trading 717 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
