The Jamaica Stock Exchange closed trading on Tuesday with the declining stocks overwhelming advancing ones, resulting in the market indices giving back a good portion of the gains enjoyed since last week into Monday.
At the close, the All Jamaican Composite Index lost 3,232.1 points to end at 410,407.49, the Main Index declined by 2,923.73 points to 374,207.74 and the JSE Financial Index lost 1.07 points to 97.00.
Trading ended with 38 securities changing hands, down from 40 on Monday and ended with the prices of 8 stocks rising, 19 stocks declining and 11 remaining unchanged. The average PE Ratio of the Main market ended at 15 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 26,180,702 shares for $83,869,954 compared to 26,760,431 units at $93,968,080 on Monday.
Sagicor Select Financial Fund led trading with 18.08 million shares for 69 percent of total volume followed by Wigton Windfarm with 3.24 million units for 12.4 percent of the day’s trade and Transjamaican Highway with 2.38 million units for 9 percent market share.
An average at 688,966 units traded for the day at $2,207,104 for each security in compared to an average of 669,011 at $2,349,202 on Monday. An average of 427,315 units traded for the month to date at $2,918,945 for each security that traded, in contrast to 410,605 units at $2,968,326. In contrast, June ended with an average of 818,748 units at $7,498,308.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Main market shows 11 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Berger Paints lost 48 cents to settle at $13 while exchanging 685 units, Gracekennedy dropped by 95 cents to close at $56 in trading 193,860 shares, Jamaica Producers Group carved out a loss $1 in ending at $22.5, with 33,095 units clearing the market. Kingston Wharves climbed 40 cents to close at $53.90 and clearing the market with 180 shares, Mayberry Jamaican Equities lost 63 cents to end at $9.3 with 189,374 stock units changing hands, 
MPC Caribbean Clean Energy jumped $14.99 to $169.99 and trading 626 units. NCB Financial Group declined by 48 cents to settle at $139 with 176,376 stock units changing hands, PanJam Investment lost $6.01 to close at $65 with investors switching ownership of 27,021 shares, Portland JSX carved out a gain of $1.03 to close at $8.35 while exchanging 6,029 shares. Proven Investments fell 41 cents to $33, with 14,000 stock units changing hands, Sagicor Group lost 55 cents in closing at $45.95, with 206,704 stock units passing through the market. Scotia Group climbed 84 cents to finish at $44.84 while exchanging 55,245 units and Wisynco Group fell 44 cents to close at $17.56 after 241,029 shares passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The JSE Main Market drop some gains
July 21, 2020 by IC Insider.com
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group
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