Falling stocks day

Market activity recorded a big bounce on Monday, from Friday’s very low level of trading and ended with the volume of stocks traded surging 121 percent and the value up 436 percent over Friday’s tepid levels, with more stocks falling than rising, at the close of the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index declined 1,972.70 points to 430,747.05, the Main Index shed 1,779.46 points to 392,649.46 and the JSE Financial Index slipped 0.32 points to 98.47.
Trading ended with 48 securities, down from 49 on Friday and closed with prices of 11 stocks rising, 23 declining and 14 remaining unchanged. The PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings averages 15.4.
The market closed with 20,114,270 shares trading for $48,738,713, up from 3,755,183 units at $22,081,750 on Friday. Wigton Windfarm dominated trading with 72.1 percent of total volume for 14.50 million shares followed by Sagicor Select Financial Fund with 8.6 percent for 1.72 million units and Salada Foods with 3.8 percent market share for 765,951 units.
Trading averaged 419,047 units at $1,015,390, compared to 76,636 shares at $450,648 on Friday. Month to date trading averaged 230,411 units at $987,324, in contrast to 191,717 units at $981,567 on Friday. Trading month to date compares to 354,304 units at $2,543,232.
Investor’s Choice bid-offer indicator reading has 10 stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments shed 50 cents to $86.50 with 8,094 shares changing hands, Berger Paints fell 88 cents to close at $12.31 in the swapping of 5 shares, Caribbean Cement gained 38 cents to end at $72 with a transfer of 9,741 stocks. Carreras lost 20 cents to finish at $8.80, with 188,295 units clearing the market, Eppley dropped $4.09 to end at $30 after exchanging 160 shares. First Rock Capital rose 54 cents to $16.55 with 1,002 stock units crossing the market, Grace Kennedy shed 70 cents to close at $87.20 in exchanging 25,206 stock units, Jamaica Broilers declined 50 cents to $28.50 with investors switching ownership of 44,922 units. Jamaica Stock Exchange dipped 49 cents to $18 trading 1,565 shares, Mayberry Jamaican Equities finished 62 cents lower at $7.18 after exchanging 9,100 units, MPC Caribbean Clean Energy fell $1 to a 52 weeks’ low of $129 after a transfer of two units, Palace Amusement climbed $16.01 to $814 with an exchange of 193 stocks. Proven Investments gained 50 cents to end at $35.50 with 4,266 shares clearing the market, Sagicor Group declined $2.30 to end at $47.70 in trading 24,000 stock units, Salada Foods fell 20 cents to $5 with 765,951 units changing hands. Scotia Group fell 70 cents to $40 in switching ownership of 48,277 shares, Supreme Ventures rose 60 cents to $16.10 in the swapping of 17,031 units and Wisynco Group lost 60 cents to close at $15 trading 102,762 stock units.
In the preference segment, JMMB Group 7.25% gained 14 cents to close at $1.59 after an exchange of 8,442 stocks.

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

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