The market lost value as the volume of stocks trading climbed 18 percent on Wednesday over Tuesday, but the value plunged 54 percent, resulting in slippage in the market indices at the close of the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index fell 655.57 points to 431,950.63, the Main Index shed 575.90 points to 393,880.25, while the JSE Financial Index slipped 0.19 points to settle at 98.95.
Trading ended with 44 securities changing hands, down from 46 on Tuesday with 21 stocks rising, 18 declining and five remaining unchanged. The PE Ratio averages 19.5 based on ICInsider.com forecast of 2020-21 earnings.
Investors traded 9,893,680 shares for $75,718,501 compared to 8,355,063 units at $166,391,033 on Tuesday. Transjamaican Highway led trading with 29.9 percent of total volume, after an exchange of 2.96 million shares, followed by Wigton Windfarm with 18.3 percent for 1.82 million units and Jamaica Producers 10.1 percent with 1 million units.
Trading for the day averaged 224,856 units at $1,720,875, versus 181,632 shares at $3,617,196 on Tuesday. Month to date trading averaged 280,960 units at $2,273,025, in contrast to 288,698 units at $2,349,520 on the prior trading day. February closed with an average of 419,015 units at $2,509,660.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Berger Paints fell 25 cents to $13 in an exchange of 58,148 shares, Caribbean Cement rose 50 cents to close at $69.50 with a transfer of 61,199 stock units, Eppley climbed $2 to a 52 weeks’ high of $30, trading 2,919 shares. Eppley Caribbean Property Fund rose 50 cents to $42 with 359 units changing hands, First Rock Capital ended 25 cents higher at $16.25 in the swapping of 4,274 shares, Grace Kennedy shed 90 cents to end at $89.10 with 58,926 units crossing the market. Jamaica Broilers lost 50 cents to settle at $29.50, with 12,278 stocks changing hands, Jamaica Stock Exchange fell 69 cents to close at $18.16 in swapping 34,917 stock units. Key Insurance slipped 24 cents to $4.51 after 86,720 shares crossed the exchange, Kingston Wharves fell 98 cents to $44.01 in trading 1,936 stocks, NCB Financial climbed $2 to $142 in exchanging 58,854 stock units. Palace Amusement jumped $145 to close at $845 with 75 units crossing the market, PanJam Investment shed 60 cents to finish at $65 trading 572 shares, Proven Investments gained $1.31 to $34.56 with the swapping of 27,976 stock units. Sagicor Group shed 61 cents in ending at $49.99 in switching ownership of 9,258 stocks, Sagicor Real Estate Fund gained 30 cents to $8.30 in a transfer of 2,466 shares, Salada Foods declined $2.90 to $41 trading 13,524 units. Scotia Group climbed $3 to $43 with 48,977 stock units crossing the market, Seprod rose $1 to $71, with 4,972 stocks changing hands, Supreme Ventures gained 30 cents in ending at $15.95 with 805,261 units crossing the exchange. Sygnus Credit Investments fell 26 cents to $14.45, trading 15,239 stocks and Wisynco Group shed 24 cents to close at $15.95 with the swapping of 36,249 stock units.
In the preference segment, JMMB Group 7.25 percent gained 23 cents in closing at $1.67 after exchanging 164,644 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.