The volume of shares trading slipped moderately on Tuesday with the value ending 24 percent higher than on Monday at the close of the Jamaica Stock Exchange Main Market, with rising stocks exceeding those declining.
The All Jamaican Composite Index gained 994.99 points to end at 451,243.73, the Main Index slipped 12.55 points to 398,132.95 and the JSE Financial Index lost 0.12 points to close at 96.27.
Trading ended with 56 securities compared to 58 on Monday, with, 22 rising, 18 declining and 16 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.7. 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, 16,430,568shares were exchanged for $153,703,292 versus 17,366,999 units at $123,870,428 on Monday. QWI Investments led trading with 29.4 percent of total volume after a transfer of 4.83 million shares followed by Wigton Windfarm with 21.9 percent for 3.60 million units, Transjamaican Highway with 8.5 percent for 1.39 million units and Carreras with 6.6 percent market share for 1.09 million units.
Trading averages 293,403 units at $2,744,702, compared to 299,431 shares at $2,135,697 on Monday and month to date, an average of 257,879 units at $2,492,383, compared to 250,996 units at $2,443,491 on the prior day. January closed with an average of 235,328 units at $2,397,571.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments declined 99 cents to close at $91.99 in trading 19,797 units, Caribbean Cement advanced $2 to $81 with the swapping of 37,613 stock units. Eppley rose $1.75 to $36 in exchanging 1,598 stocks, Eppley Caribbean Property Fund fell $3.90 to $38.10 after transferring 777 shares, GraceKennedy rose $1.48 to close at $104.98 with 56,839 units changing hands. Guardian Holdings lost $39 after ending at $536 with a transfer of 1,849 stocks, Jamaica Broilers gained 50 cents in closing at $27.50 in switching ownership of 96,266 stock units, Jamaica Stock Exchange rallied 30 cents to $18 after trading 1,674 shares. JMMB Group popped $1.10 to end at $43 in switching ownership of 631,294 stock units, Kingston Wharves fell $1.98 to close at $40 with an exchange of 5,447 stocks, Massy Holdings dropped $44 after ending at a 52 weeks’ low of $1,950 with 6,497 units clearing the market. MPC Caribbean Clean Energy rose 33 cents in closing at $119.50 after an exchange of 137 units, NCB Financial dropped $11.01 to end at $119 with the swapping of 325,401 stocks, 138 Student Living gained 36 cents in closing at $4.96 with 39,625 shares clearing the market, Palace Amusement declined $5 to $925 after an exchange of 2 stock units. Portland JSX advanced $2.23 to $9.15 in transferring one share, Sagicor Group fell $1.98 to close at $53.02 in switching ownership of 16,348 stocks, Salada Foods popped $1.60 to $8.50 in trading 475,812 shares. Scotia Group rose $1.49 in closing at $37 with 3,732 stock units crossing the market, Seprod shed 50 cents after ending at $61 with 12,953 units changing hands and Wisynco Group gained 47 cents to end at $19.50 with 272,939 stocks traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.