Low trading activity sinks JSE Main Market

Market activity ended on Tuesday on the Jamaica Stock Exchange Main Market remained at subpar levels with the volume of shares trading declining 16 percent with a slightly reduced value than on Monday leading to declining stocks outpacing those rising two to one.
The All Jamaican Composite Index fell 1,167.73 points to 435,519.59, the Main Index shed 674.03 points to 394,163.95 and the JSE Financial Index lost 0.08 points to close at 97.23.
Trading ended with 52 securities compared to 56 on Monday, with 13 rising, 27 declining and 12 closing unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16. 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.
Overall, 8,130,493 shares were exchanged for $50,843,578 versus 9,677,118 units at $54,894,824 on Monday. Wigton Windfarm led trading with 27.9 percent of total volume in transferring 2.27 million shares followed by Transjamaican Highway with 18.3 percent for 1.48 million units and Sagicor Select Financial Fund with 8.8 percent for 717,918 units changing hands.
Trading averages 156,356 units at $977,761, compared to 172,806 shares at $980,265 on Monday and month to date, an average of 163,483 units at $1,162,890, versus 164,121 units at $1,179,777 on Monday. December trading averaged 479,143 units at $6,686,322.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments lost 38 cents to end at $93.60 with 10,602 shares clearing the market, Caribbean Cement shed 99 cents to $71 with the swapping of 76,279 units, Eppley popped 50 cents to close at $36.50 with 20 stocks changing hands. GraceKennedy shed $1 to finish at $100 in switching ownership of 47,280 stock units, Guardian Holdings climbed $5 in closing at $530 after trading 594 units, Jamaica Broilers fell $1.73 to $27.01 after 60,769 stock units crossed the exchange. Jamaica Producers declined $1.20 to $22.15, with a transfer of 1,709 shares, Jamaica Stock Exchange shed 70 cents to close at $16.70 in trading 59,077 stocks, Kingston Properties lost 89 cents to settle at $8.85 in an exchange of 372 units. Kingston Wharves advanced $3.70 to end at $42.70 with 29,307 stocks crossing the market, Mayberry Jamaican Equities rallied 33 cents to $9.33 in switching ownership of 66,200 stock units, NCB Financial advanced $1 to close at $127 in exchanging 39,380 shares. Palace Amusement shed $1 to end at $996.99 after trading 10 stock units, PanJam Investment rose $3.50 to $66.50 with 6,452 stocks changing hands, Sagicor Group fell $1.50 in closing at $53 with the swapping of 18,471 shares. Sagicor Real Estate Fund gained 31 cents to end at $8.40 after exchanging 6,435 units, Scotia Group rallied 60 cents to close at $37 in transferring 20,370 stock units, Supreme Ventures popped 50 cents to end at $17.50 with an exchange of 26,655 units. Sygnus Credit Investments lost 32 cents in closing at $14.50 after 41,790 stocks crossed the market and VM Investments declined 34 cents to $6.45 in exchanging 77,038 shares.

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

About IC Insider.com