Market activity ended on Thursday with reduced volume and value of shares compared to Wednesday, in 5 percent dip in volume, with 14 percent lower value leading to more stocks declining than rising, at the close of the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index declined 1,348.65 points to 459,101.53, the JSE Main Index fell 1,154.18 points to end at 420,868.15 and the JSE Financial Index slipped 0.32 points to 103.59.
Trading ended with 48 securities compared to 47 on Wednesday, with 14 stocks rising, 19 declining and 15 remaining unchanged. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 16.4 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 6,426,972 shares trading for $45,152,359, down from 7,526,686 units at $52,205,562 on Wednesday. Transjamaican Highway led trading with 22.7 percent of total volume for an exchange of 1.46 million shares followed by JMMB Group 7.50% 15.7 percent with 1.01 million units for 15.7 percent and Sterling Investments with 10 percent, with 642,808 units changing hands.
Trading averaged 133,895 units at $940,674, compared to 160,142 shares at $1,110,757 on Wednesday. Trading month to date averages 324,980 units at $27,908,331, in contrast to 343,472 units at $30,518,104 on Wednesday. June ended with an average of 249,610 units at $3,877,606.
Investor’s Choice bid-offer indicator reading has 16 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments rose 10 cents to $84.10 in exchanging 5,599 shares, Caribbean Producers gained 21 cents to end at a 52 weeks’ closing high of $5.40 with the swapping of 148,503 stock units. Eppley plunged $4.13 in closing at $39.50 after an exchange of 903 units. First Rock Capital lost 49 cents to settle at $14.01 in switching ownership of 3,128 shares, Grace Kennedy popped 99 cents to $100 in trading 68,101 stocks, Jamaica Broilers dipped 33 cents to $36 with a transfer of 13,465 stocks. Kingston Properties shed 35 cents to end at $9.90 in trading 16,638 stock units, Mayberry Jamaican Equities rose 95 cents to $10 in switching ownership of 75,000 stocks, Palace Amusement plunged $130 to $1,060, with 171 units crossing the market. PanJam Investment fell $3 to $64.50 with 55,556 shares changing hands, Sagicor Group popped $2 to close at $55 with the swapping of 34,723 shares. Salada Foods lost 20 cents in closing at $8 with an exchange of 71,674 stocks, Seprod rallied $2.26 to $71.95 with the swapping of 4,860 shares, Supreme Ventures lost 45 cents to close at $18.80 in trading 21,036 stocks and Sygnus Credit Investments popped 68 cents to $15.39 in switching ownership of 63,061 units.
In the preference segment, JMMB Group 7.15% – 2028 lost 30 cents to close at a 52 weeks’ low of $2.60 with 20,000 stocks clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.