$17 billion Pan Jamaica trade


Trading surged on the Jamaica Stock Exchange Main Market on Tuesday following an exchange of a large volume of Pan Jamaica shares, with 344.37 million units of the company’s stock valued at $17.3 billion were exchanged, sending the volume and value of stocks traded in the market well above Monday’s outturn. Trading ended with the volume of stocks traded rising 2,572 percent and the value 25,943 percent more than Monday, with trading in 54 securities, down from 60 on Monday, with prices of 18 rising, 19 declining and 17 ending unchanged resulting in a slide in the market indices.

The market closed with 357,436,208 shares trading for $17,338,588,441 up sharply from 13,379,073 stock units at $66,575,572 on Monday.
Trading averaged 6,619,189 shares at $321,084,971 well above the 222,985 stocks at $1,109,593 on Monday and for the month to date, an average of 3,252,766 units at $152,676,877, up from an average of 405,332 stock units at $1,953,730 in February.
Pan Jamaica led trading with 344.37 million shares for 96.3 percent of total volume followed by JMMB 9.5% preference share with 7.05 million stocks for 2 percent of the day’s trade and Transjamaican Highway with 1.67 million units for 0.5 percent of the day’s volume.
The All Jamaican Composite Index sank 3,473.21 points to close at 380,551.37, the JSE Main Index dropped 2,147.94 points to finish at 327,609.96 and the JSE Financial Index declined 1.36 points to cease trading at 67.84. The Investor’s Choice bid-offer indicator shows 13 stocks ending with bids higher than their last selling prices and eight with lower offers.
The Main Market ended trading with an average PE Ratio of 16.6. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close, Caribbean Cement increased by 37 cents to $87 with 2,387 stocks crossing the market, Carreras rose 95 cents in closing at a 52 weeks’ high of $15.90 with investors trading 288,876 shares, General Accident rose 70 cents to finish at $5.97 after 6,236 units passed through the market. Guardian Holdings rallied $2 and ended at $300 with an exchange of 16 stocks, JMMB Group popped 45 cents to close at $22.45 after 69,318 units changed hands, Kingston Properties advanced 70 cents to end at $9 with investors trading 60 stocks. Kingston Wharves skidded 36 cents in closing at $29.64 in switching ownership of 1,249 shares, Massy Holdings sank 50 cents to $77.50 with investors swapping 844 stock units, NCB Financial dipped $1.55 to end at a 52 weeks’ low of $46.10 after a transfer of 51,269 shares. 138 Student Living gained 36 cents to close at $3.96 with 1,315 stocks crossing the exchange, Pan Jamaica dropped $5.80 and ended at $53.10 with a transfer of 344,365,449 units, Proven Investments declined 84 cents to finish at $17.66 as investors exchanged 564 stocks. Salada Foods popped 52 cents to $3.58 in trading 2,583 shares and Sygnus Real Estate Finance fell 72 cents to end at $9 after an exchange of 2,789 stocks.
In the preference segment, Productive Business Solutions 10.5% preference share dropped $127 in closing at $893 with investors trading 550 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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