Trading down JSE Main Market up

Market activity ended on Thursday on the Jamaica Stock Exchange Main Market with the volume of and value of shares trading declining from Wednesday’s outturn, but the market closed with rising stocks just being edged out by those declining but the market indices reversed Wednesday mild decline by rising on Thursday.
The All Jamaican Composite Index climbed 1,466.73 points to end at 436,915.46, the JSE Main Index advanced 1,250.84 points to close at 394,871.81 and the JSE Financial Index rallied 0.82 points to finish at 97.43.
Trading ended with 57 securities up from 51 on Wednesday, with 22 rising, 23 declining and 12 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.2. The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
Overall, 7,459,557 shares were traded for $66,420,714 versus 11,065,478 units at $62,731,563 on Wednesday. Wigton Windfarm led trading with 29.1 percent of total volume with a transfer of 2.08 million shares followed by Sagicor Select Financial Fund with 12.9 percent for 959,428 units and QWI Investments with 10.9 percent after trading 810,027 units.
Trading averages 130,869 units at $1,165,276, down from 216,970 shares at $1,230,031 on Wednesday and month to date, an average of 164,655 units at $1,167,944, compared to 167,471 units at $1,168,166 on Wednesday. December closed with an average of 479,143 units at $6,686,322.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and none with lower offers.
At the close, Eppley Caribbean Property Fund jumped $3.45 to $41 with an exchange of 1,090 units, First Rock Capital shed 64 cents to close at $10.30 in trading 6,612 stock units, Guardian Holdings shed $7 to end at $520 after transferring 32 stocks. Jamaica Broilers declined $2.13 in ending at $26.55 with 49,421 units changing hands, Jamaica Producers fell $1.33 to close at $22 in trading 36,826 stock units, JMMB Group lost 30 cents to finish at $37.90 with 286,301 shares clearing the market. Margaritaville popped 93 cents to $20.25 in swapping of 5,040 stocks, Mayberry Jamaican Equities shed 82 cents in closing at $8.51 with a transfer of 11,491 units, NCB Financial lost 40 cents to close at $125.60 in exchanging 176,884 shares. 138 Student Living declined 57 cents in closing at $4.13 after a switch in ownership of 954 units, Palace Amusement dropped $46.90 in closing at $950 with 18 stocks crossing the market, PanJam Investment declined $3.50 to close at $64.50 with the swapping of 4,091 stock units. Proven Investments lost 58 cents to end at $32.92 in transferring 620 units, Sagicor Group rallied $1.56 to $54 after exchanging 43,183 stocks, Scotia Group lost 49 cents to end at $34.56 with 23,844 units changing hands. Supreme Ventures shed 85 cents to end at $17 in trading 50,808 shares and Wisynco Group rose 60 cents to $17.60 with 64,599 shares clearing the market.
In the preference segment, Jamaica Public Service 9.5% climbed $450.50 to a new high of $2,150.50 after an exchange of 5 stock units and JMMB Group 7% lost 50 cents in closing at $1.50 in trading 750 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.