The Main Market of the Jamaica Stock Exchange lost some more ground on Tuesday as trading levels fell back from Monday’s levels.
At the close of trading, the JSE All Jamaican Composite Index fell by 558.44 points to 415,364.32, the JSE Market Index shed 505.53 points to 378,739.47 and the JSE Financial Index gained 0.03 points to end at 99.04. The PE ratio of the market ended at 14.8, while the Main Market ended at 15.1 times 2020-21 earnings.
The market closed with 43 securities changing hands in the Main and US dollar markets with prices of 17 stocks advancing, 13 declining and 13 securities trading firm. The JSE Main Market activity ended with 39 securities accounting for 9,471,871 units valued at $108,990,432, in contrast to 18,388,256 units valued at $319,619,070 from 45 securities on Monday.
Trans Jamaican Highway led trading with 2.5 million shares for 26.4 percent of total volume followed by Wigton Windfarm with 2 million units for 21.4 percent of the day’s trade and Sagicor Select Financial Fund with 1.2 million units for 12.9 percent market share.
The average security trading on Thursday amounted to 242,868 units valued at $2,794,626, in contrast to 408,628 units valued at an average of $7,102,646 on Monday. The average volume and value for the month to date amount to 429,778 units valued at $5,919,987 for each security changing hands, compared to 454,239 units with an average value of $6,396,116. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
IC bid-offer Indicator│ At the end of trading, the Investor’s Choice bid-offer indicator reading shows twelve stocks ending with bids higher than their last selling prices and six stocks closing with lower offers.
In the Main Market, Caribbean Cement gained 87 cents to close at $50.97, in trading 939 units, First Rock Capital picked up 60 cents and finished at $16, in transferring 13,598 stock units, Jamaica Broilers closed at $26.99, after gaining 49 cents in swapping 296,660 shares. Jamaica Producers advanced $1.88 to $21.93, in exchanging 206,417 units, Jamaica Stock Exchange shed 51 cents to settle at $22.50, with 131,475 shares changing hands, Kingston Wharves climbed $1 to $56 trading 1,039 stock units. Mayberry Investments lost 40 cents to close at $5.50, with the transfer of 127,000 shares, NCB Financial Group advanced by $4.75 to $144.75, with 152,989 stock units changing hands, Palace Amusement ended $499 lower at $1,701 with 48 units crossing the exchange. Proven Investments added $1.60 trading 57,251 stock units and closed at $37, Sagicor Group gained 50 cents to end at $44.50, in transferring 19,054 units, Salada Foods dived $3.01 after exchanging 3,463 stock units to settle at $26. Scotia Group closed $1.87 higher at $47.95, with 712,104 shares crossing the market, Seprod advanced $1.23 to $54.79, with 124,459 shares changing hands and Supreme Ventures ended at $15.50, after gaining 54 cents in trading 85,516 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.