Negative August start for JSE Majors

Stocks started off with losses in the Main Market indices on Tuesday to commence the new month with declining stocks outclassing rising ones more than two to one, with an exchange of 56 percent fewer shares valued 82 percent less than in trading on Friday on the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index fell 2,057.62 points to end at 461,426.03, the JSE Main Index fell 2,288.15 points to 421,846.86 and the JSE Financial Index slipped 0.74 points to 103.74.
Trading ended with 52 securities compared to 48 on Friday, with 11 rising, 25 declining and 16 remaining unchanged. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 16.2 based on ICInsider.com forecast of 2021-22 earnings.
The market closed with 7,489,347 shares trading for $44,473,648 versus 16,885,082 units at $243,553,449 on Friday. Transjamaican Highway led trading with 21.3 percent of total volume after exchanging 1.60 million shares followed by Wigton Windfarm 20.3 percent, with an exchange of 1.52 million units, QWI Investments controlled 16.8 percent of the market with 1.26 million units and Sagicor Select Financial Fund 14.4 percent after 1.08 million units changed hands.
Trading averaged 144,026 units at $855,262, compared to 351,773 shares at $5,074,030on Friday. Trading for July ended with an average of 322,932 units at $15,201,099.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments spiked 90 cents to $83.90 in trading 1,918 units, Caribbean Cement declined $2.99 to close at $92 with the swapping of 13,745 stock units, Eppley fell $1.70 to $38.30 in switching ownership of 1,891 stocks, Guardian Holdings rallied $1 to $650 in transferring 317 shares, after hitting a 52 weeks’ low of $630. Jamaica Broilers rose 77 cents to $36.40 after 14,855 stocks cleared the market. Jamaica Producers lost 20 cents ending at $23.50 with 8,274 units changing hands, Jamaica Stock Exchange dipped 39 cents to $17.40 with the swapping of 14,293 shares, Kingston Wharves shed $1.24 to finish at $47.76 with an exchange of 4,660 stocks. Margaritaville slipped 42 cents to $14.08 with 60 units crossing the market, NCB Financial dropped $2.40 to $139.60 in transferring 44,860 stock units, Palace Amusement dived $10 to $1,040 in an exchange of 97 units. PanJam Investment shed $1 to close at $64 in trading 3,648 stocks, Pulse Investments fell 20 cents to $3.80 with 20,645 shares clearing the market. Sagicor Group shed $2 to settle at $56 with 71,600 stocks changing hands, Scotia Group fell $1 to $41 after crossing the exchange with 9,844 units, Stanley Motta shed 45 cents at $5.30 with a transfer of 38,239 stocks, Supreme Ventures popped 20 cents to $20.20 in trading 27,025 units and Sygnus Credit Investments lost 28 cents to close at $14.22 in switching ownership of 30,162 stocks.
In the preference segment, Eppley 8.25% gained 40 cents to close at $6.50 in an exchange of 718 shares.

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

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