Faltering main market performance

More Main Market stock fell than those gaining at the close of trading sending the primary indices sliding downwards at the close on Friday, following a 37 percent slippage in the volume of shares trading and a 24 percent lower value than Thursday on the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index dropped 1,923.73 points to  434,686.58, the JSE Main Index plunged 2,282.45 points to 392,790.90 and the JSE Financial Index fell 1.22 points to end at 96.27.
Trading ended with 55 securities up from 50 on Thursday, with 20 rising, 25 declining and 10 ending unchanged.
A total of 8,020,198 shares traded for $70,531,082 compared to 12,654,913 units at $92,312,652 on Thursday. Wigton Windfarm led trading with 29.3 percent of total volume in exchanging 2.35 million shares, followed by Transjamaican Highway with 23.2 percent for 1.86 million units and Caribbean Producers, 7 percent with 560,506 units.
Trading averages 145,822 units at $1,282,383, compared to 253,098 shares at $1,846,253 on Thursday and month to date, an average of 163,194 units at $1,201,059, compared to 165,227 units at $1,191,542 on Thursday. December closed with an average of 479,143 units at $6,686,322.
The PE Ratio, a formula for computing appropriate stock values, averages 16.1. 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.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments lost 70 cents to close at $94.80 with an exchange of 6,826 shares, Caribbean Cement shed 74 cents in ending at $72.20 with the swapping of 35,410 units, Caribbean Producers lost 31 cents to close at $15.99 with 560,506 stocks crossing the exchange. Eppley rallied 50 cents to $36.50 in trading 4,090 stock units, Eppley Caribbean Property Fund advanced $4.69 to $41 with 318 units clearing the market, Guardian Holdings rose $4 to end at $516 in an exchange of 2,061 shares. Jamaica Broilers fell $1.49 to close at $27.50 with the swapping of 87,177 stock units, Jamaica Producers shed 80 cents in closing at $22.20 after trading 3,255 stocks, Kingston Properties gained 74 cents ending at $9.74 in switching ownership of 3,063 units. Kingston Wharves fell $1.02 to $41.97 with 2,723 stock units changing hands, Mayberry Investments lost 48 cents to finish at $7.50 after 3,176 stocks crossed the market, MPC Caribbean Clean Energy advanced $3 to close at $100 in switching ownership of 18 shares. NCB Financial declined $2 in closing at $125 with a transfer of 36,012 stocks, Palace Amusement dropped $14.33 to $980.67 with 15 units changing hands, PanJam Investment popped $1.10 to close at $65.90 in transferring 78,896 stock units. Proven Investments lost 30 cents after ending at $32.80 with an exchange of 9,242 shares, Sagicor Group rose $2.99 to end at $54.50 after trading 9,409 stocks, Sagicor Real Estate Fund shed 40 cents to close at $8 with 3,615 stock units changing hands. Scotia Group fell $1.33 to finish at $35.01 with an exchange of 335,649 shares, Seprod popped 50 cents to $63.50 in switching ownership of 3,801 units and Supreme Ventures shed 80 cents to $17 in an exchange of 117,937 units.
In the preference segmentJMMB Group 7.25% preference share gained 46 cents to close at $3.54 with 6,100 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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