Falling prices set back JSE Main Market

Market activity ended on Tuesday with 18 stocks rising, 25 declining and nine remaining unchanged with two stocks hitting 52 weeks’ low and one a 52 weeks’ high as 52 securities traded compared to 49 on Monday and led the market into declining with an exchange of 60 percent more shares valued 20 percent less than on Monday at the close of the Jamaica Stock Exchange Main Market.
At the close, the All Jamaican Composite Index dropped 3,021.82 points to 459,122.82, the JSE Main Index declined 2,454.99 points to end at 426,476.66 and the JSE Financial Index shed 1.04 points to 105.52 after Grace Kennedy traded at an intraday high of $100, while Transjamaica Highway and Wigton Windfarm traded at 52 weeks’ low of 90 cents and 55 cents, respectively.
The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 16.8 based on ICInsider.com forecast of 2021-22 earnings.
The market closed with 22,237,953 shares trading for $198,202,082 versus 13,855,601 units at $248,441,964 on Monday. Wigton Windfarm led trading with 30.6 percent of the volume for 6.80 million shares followed by JMMB Group 7.5% preference share with 18.4 percent for 4.10 million units, Sagicor Select Financial Fund with 9.7 percent for 2.16 million units, Transjamaican Highway with 9.4 percent for an exchange of 2.10 million units, Sagicor Group with 4.8 percent for 1.09 million units and Jamaica Stock Exchange with 4.8 percent for 1.06 million units changing hands.
Trading averages 427,653 shares at $3,811,578, compared to 282,767 units at $5,070,244 on Monday. Trading month to date averages 256,820 units at $4,992,587, in contrast to 238,579 units at $5,118,691 on Monday. May closed with an average of 439,937 units at $4,698,961.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments dipped 25 cents to $83.20 in an exchange of 16,246 shares. Caribbean Cement gained 21 cents to close at $94.01 with the swapping of 90,297 stock units, Eppley spiked $2 to $40 after exchanging 362 shares, Guardian Holdings lost 50 cents in closing at $759.50 with 6,990 stocks crossing the exchange, Jamaica Broilers fell $1.40 to $33.60 with 47,215 units clearing the market. Jamaica Producers rose $1.78 to $24.43 in exchanging 18,443 stocks, JMMB Group advanced $3.60 to close at $36.70 after trading 996,543 stock units as investors reacted positively to full year results. Margaritaville shed 70 cents to settle at $14.30 with a transfer of 26,930 stock units, MPC Caribbean Clean Energy fell 23 cents $116 in trading 41 stock units, NCB Financial dropped $5 to end at $143 in switching ownership of 90,696 shares, Palace Amusement dropped $10 to $1,170, with 11 units changing hands, PanJam Investment declined $3.37 in closing at $66.56 in switching ownership of 28,018 stocks, Proven Investments popped $1.84 to $36.90 in an exchange of 1,641 units. Sagicor Group declined $3 to $52 in transferring 1,091,820 shares, Sagicor Real Estate Fund shed 69 cents to close at $8.30 after exchanging 75,292 units. Scotia Group shed $1 to end at $40 with the swapping of 426,297 shares. Seprod fell 99 cents to $73.01 in trading 14,521 stock units, Stanley Motta ended 51 cents lower at $5.89 after clearing the market with 6,300 shares, Supreme Ventures fell 92 cents to $20.08 with 97,939 stocks crossing the market and Sygnus Credit Investments shed 44 cents to end at $14.62 in transferring 77,877 stock units.

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

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