Market activity led the All Jamaican Composite Index to shed 40.92 points 455,448.65 at the close of trading after the market shot up 8,411 points to 463,900.77 after 15 minutes of trading in the morning session on Wednesday, with more stocks rising than declining, but with the volume and value of stocks trading dropping 88 and 94 percent respectively, compared to Tuesday as the curtain closed for the Jamaica Stock Exchange Main Market.
The JSE Main Index dipped 308.45 points to 415,752.74 and the JSE Financial Index slipped 0.26 points to end at 102.19.
Trading ended with 52 securities compared to 51 on Tuesday, with 23 stocks rising, 15 declining and 14 remaining unchanged. The PE Ratio, a measure that computes appropriate stock values, averages 15.9 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 9,829,573 shares trading for $93,904,028 versus 84,136,115 units at $1,594,752,619 on Tuesday. Radio Jamaica, with led the volume traded with 34.5 percent after an exchange of 3.39 million shares, Wigton Windfarm followed in controlling 17.3 percent with 1.7 million units, Sagicor Select Financial Fund 13.7 percent, with 1.35 million units and Transjamaican Highway with 11.7 percent after 1.15 million units changed hands.
Trading averaged 189,030 units at $1,805,847, compared to 1,649,728 shares at $31,269,659 on Tuesday. Trading month to date averages 372,221 units at $7,576,640, in contrast to 391,623 units at $8,187,803 on Tuesday. July averaged 322,932 units at $15,201,099.
Investor’s Choice bid-offer indicator reading has twelve stocks ending with bids higher than their last selling prices and six with lower offers.
At the close, Barita Investments rallied $6.88 in closing at 52 weeks’ high of $97.88 with an exchange of 111,164 stock units, Caribbean Cement advanced $1.49 to $93.99 with 143,483 units crossing the market, Caribbean Producers gained 35 cents to end at $5 after clearing the market with 1,010 units, Eppley shed 66 cents to close at $40 with the swapping of 2,109 stocks, Eppley Caribbean Property Fund fell $1.16 to $40 in switching ownership of 1,679 shares, First Rock Capital shed 89 cents to $12.96 in exchanging 6,973 stocks. GraceKennedy fell $1.75 to $103.05 with 224,330 stock units crossing the market, Guardian Holdings dropped $20 to $650 in trading 7,082 shares, Jamaica Producers advanced $1.49 to end at $23.49 in an exchange of 19,072 stock units, Kingston Wharves fell 99 cents ending at to $46.51 with a transfer of 1,206 units. Margaritaville declined $1.79 to a 52 weeks’ low of $13.40 after exchanging 13,797 stocks, Mayberry Investments spiked 35 cents to $6 in switching ownership of 19,480 units, Mayberry Jamaican Equities rose 89 cents to $9.39 in transferring 12,440 shares. MPC Caribbean Clean Energy rallied $16.80 to $137.80 after exchanging one stock unit, NCB Financial Group advanced $2 to $134 with 108,613 stock units crossing the market, Palace Amusement popped $89.20 to $1,140 with one share changing hands. PanJam Investment gained 40 cents to finish at $62 in switching ownership of 34,611 stocks, Radio Jamaica gained 23 cents to end at a 52 weeks’ high of $2.98 after 3,388,414 shares changed hands. Sagicor Group shed 78 cents to close at $57 after 28,498 stocks crossed the exchange, and Seprod spiked $1 to $66 with 13,166 shares changing hands.
In the preference segment, Eppley 8.25% rose 42 cents to $6.48 with the swapping of 1,050 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.