16,632 points drop in JSE All Jamaica Index

Stocks suffered more than a 16,600 points swing in trading on Monday after the Main Market stocks jumped 4,268 points to a multi-month high of 452,388.58 after 14 minutes of the markets opening as the All Jamaican Composite Index plunged 12,364.61 points from Friday’s close to close at 435,756.44 on the Jamaica Stock Exchange Main Market.
The JSE Main Index dropped 11,219.79 points to 396,803.23 and the JSE Financial Index declined 2.16 points to t 98.23.
Trading ended with 52 securities from 53 on Friday and closed with 17 stocks rising, 21 declining and 14 remaining unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 16.5.
Trading ended with the volume rising 124 percent with the value being 399 percent higher than on Friday.
The market closed with 37,973,727 shares trading for $706,200,616 compared to 16,976,414 units at $141,423,527 on Friday. Sagicor Select Financial Fund led trading with 33 percent of total volume after trading 12.54 million shares followed by Wigton Windfarm 16.9 percent with 6.40 million units, Caribbean Cement with 9.3 percent, with 3.52 million units. Sagicor Select Manufacturing & Distribution Fund accounted for 8.5 percent for an exchange of 3.24 million units, Sagicor Group with 4.9 percent for 1.86 million units, Carreras with 4.6 percent for 1.74 million units, Scotia Group with 3.4 percent market share for 1.28 million units, QWI Investments with 3 percent for 1.14 million units, Transjamaican Highway with 2.7 percent for 1.02 million units and Grace Kennedy with 2.7 percent for 1.01 million units changing hands.
Trading averaged 730,264 units at $13,580,781, compared to an average of 320,310 shares at $2,668,368 on Friday. April averaged 234,200 units at $1,772,561.
Investor’s Choice bid-offer indicator reading has five stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Cement slipped $1 to $87 with an exchange of 3,518,333 shares, Carreras lost 80 cents to close at $9.15 with the swapping of 1,740,765 stock units, Eppley declined 20 cents to settle at $34.50 trading 1,453 units, First Rock Capital advanced $1.14 to $18.59 with 65,455 stocks changing hands. Jamaica Broilers rose $2.49 to close at $30.99 with investors switching ownership of 778,063 stock units, Jamaica Producers fell $1 to close at $27 in the transfer of 5,547 units, Jamaica Stock Exchange shed 90 cents in closing at $17.05, with 10,542 stocks clearing the market, Margaritaville declined $1 ending at 52 weeks’ low of $20 with 4,005 units changing hands, Mayberry Investments gained 54 cents to close at $5.90 in transferring 579,433 stocks. Mayberry Jamaican Equities finished $1.04 higher at $8.99 in an exchange of 74,861 shares, NCB Financial fell $1 to $138 with an exchange of 941,639 stocks, Palace Amusement dropped $29.50 to $850.50 in switching ownership of 303 stock units. Portland JSX ended $2.64 lower at $7.11 with the transfer of 9,000 shares, Proven Investments rose 23 cents to $38 in the swapping of 16,207 units, Sagicor Group slid $5 in closing at $47.50 with 1,858,449 shares crossing the market. Salada Foods gained $1.74 in ending at a record close of $9.15 in an exchange of 128,211 stock units, Scotia Group shed $2.50 to close at $39.50 in trading 1,279,986 shares. Seprod fell 55 cents to end at $79.45 after 50,221 stock units cleared the market and Stanley Motta lost 40 cents to close at $5.50 with an exchange of 50,000 shares.
In the preference segment, Eppley 7.5% preference share rose 94 cents to end at 52 weeks’ high of $7.19 with 967 shares changing hands, Eppley 8.25% closed 90 cents higher at $7 with 4,059 stock units crossing the market and JMMB Group 7.15% – 2028 gained 30 cents ending at $3 with 100 stock units clearing the market.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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