Another day of decline for JSE Main Market

Jamaica Stock Exchange Main Market activity ended with the volume of stocks traded declining 15 percent, with the value slipping marginally lower compared to trading on Monday as the market declined further in overall value versus Monday.
At the close, 9,160,573 shares were exchanged for $56,371,792, compared to 10,753,625 units at $57,897,672 on Monday. Trading averaged 166,556 units at $1,024,942, compared to 182,265 units at $981,316 on Monday and month to date, an average of 324,185 units at $1,476,401, compared to 324,185 units at $1,476,401 on the previous trading day. July closed with an average of 173,643 units at $1,683,017.
Wigton Windfarm led trading with 2.13 million units for 23.2 percent of total volume followed by Sagicor Select Financial Fund with 2.1 million units for 21.7 percent market share and Sterling Investments traded 741,714 shares with 8.1 percent market share.
Trading ended with 55 securities compared to 59 on Monday, with 12 rising, 24 declining and 19ending unchanged. At the close, the All Jamaican Composite Index dropped 2,806.08 points to 420,251.14, the JSE Main Index plunged 4,084.10 points to close at 368,823.61 and the JSE Financial Index dipped 1.47 points to 88.17.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.8 for the Main Market. The JSE Main and USD Market PEs are computed using ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
The Investor’s Choice bid-offer indicator shows 11 stocks closing with bids closing above their last selling prices and two closing with lower offers.
At the close, Berger Paints climbed 84 cents to $11.84 in switching ownership of 93 shares, Caribbean Cement fell $1.01, in ending at $58.99 after trading 14,832 stocks,  Eppley Carib Fund exchanged 3,328 shares and gained $3 to end at  $45, First Rock gained 40 cents trading 12,301 shares in closing at $12, GraceKennedy dropped $2.98 in closing at $96 with 46736 stock units crossing the exchange, Jamaica Broilers fell 45 cents to $28.20 after trading 22,343 shares. Jamaica Producers traded 10,262 shares and fell 45 cents in closing at $20.55, Massy Holdings shed $2.85 in closing at a 52 weeks’ low of $87.15, with 33,690 units changing hands, NCB Financial decreased $4.50 in ending at $92 while exchanging 11,802 shares, Mayberry Jamaican Equities lost 45 cents to close at $13.50 with 4,000 shares changing hands, Palace Amusement rallied $76 to close at $836 in exchanging 11 units. PanJam Investment traded 140 units and fell $2.28 to $61.67, Salada Foods fell 72 cents to $4.61 after exchanging 3,050 stock units, Seprod traded 8,953 shares and lost $1.93 and closed at $68.07, Supreme Ventures rose 80 in closing at $29.30 in trading 45,140 stocks and Sygnus Real Estate Finance fell 70 cents in ending at a 52 weeks’ low of $9.80, with 6,670 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.