Trading picked up again on Monday, following the highest amount traded for January on Friday as investors placed $269,081,586 in 222 percent more 38,526,662 shares than they did on Friday when 11,980,396 units traded at $215,025,944 on Friday on the Jamaica Stock Exchange Main Market.
Trading ended with 45 securities changing hands compared to 44 on Friday and closed with rising stocks outnumbered declining ones by 62 percent leaving prices of 12 stocks rising, 28 declining and five remaining unchanged. Ciboney traded at a 52 weeks’ high of 26 cents and Palace Amusement fell to a 52 weeks’ low of $950.
The PE Ratio closed with an average of 15.7 based on ICInsider.com’s forecast of 2020-21 earnings.
At the close, the All Jamaican Composite Index dropped 1,954.05 points to 423,300.48, the Main Index fell by 1,717.60 points to 386,220.23 and the JSE Financial Index lost 0.83 points to settle at 98.49.
Carreras led trading with 86.5 percent of total volume, after an exchange of 33.34 million shares followed by Transjamaican Highway with 4.8 percent for 1.86 million and Sagicor Select Manufacturing & Distribution Fund with 2.5 percent for 955,632 units changing hands.
Trading for the day averaged 856,148 units at $5,979,591 for each security, compared to an average of 272,282 shares at $4,886,953 on Friday. Trading in January with an average of 311,275 units at $1,432,133.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Caribbean Cement shed 51 cents to close at $60, in exchanging 6,672 shares, Eppley closed 75 cents lower at $22, after clearing the market with 4,031 stock units. Eppley Caribbean Property Fund fell $3.95 to $41.05 after trading 923 units, Grace Kennedy advanced by $1.50 in closing at $74.95, with an exchange of 163,715 shares. Jamaica Stock Exchange slipped $1 to $18.50 after 110,632 stock units changed hands. JMMB Group declined by $1.36 in closing at $31.14 after transferring 13,859 units, Kingston Wharves ended at $45, with a loss of $1.50 trading 7,729 stock units. Mayberry Jamaican Equities shed 59 cents to end at $6.40, in swapping 5,756 stocks, MPC Caribbean Clean Energy declined by $11 to $145, with 1,135 units clearing the market. 138 Student Living ended at $4, with a loss of 45 cents and ownership of 260 stock units switching, Palace Amusement dropped $101 to close at a 52 weeks’ low of $950 in exchange of 67 shares, PanJam Investment fell by $3 to $64, with 16,660 stocks crossing the exchange.
Salada Foods rose $1 to close at $38, in exchanging 42,886 stock units, Scotia Group shed 79 cents to finish at $43, with 24,748 shares changing hands. Seprod gained 50 cents to settle at $64 after 6,678 stock units crossed the market, Supreme Ventures lost 49 cents to end at $17 trading 38,797 shares and Sygnus Credit Investments slipped 30 cents to $15.70, after transferring 85,391 shares.
In the preference segment, Eppley 8.25% shed 90 cents to close at $6.10, in exchanging 839 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
