Jamaica Stock Exchange Main Market stocks suffered a major decline in trading on Thursday, with prices of 20 stocks rising, 23 declining and 15 ending unchanged, resulting in the All Jamaican Composite Index diving 7,183.12 points to 353,527.66, the JSE Main Index dropping 4,717.16 points to 307,247.69 and the JSE Financial Index falling 2.12 points to 62.27. Trading ended with an exchange of 59 percent fewer shares changing hands, with a 73 percent collapse in value compared to Wednesday. The market closed with trading in 58 securities similar to Wednesday.
The market closed with, the Investor’s Choice bid-offer indicator shows 13 stocks ending with bids higher than their last selling prices and five with lower offers.
Trading ended with 9,333,460 shares at $53,086,070, down from 22,664,356 stock units amounting to $192,548,549 on Wednesday.
Trading averaged 160,922 shares at $915,277, up from 390,765 stocks at $3,319,803 on Wednesday and month to date, an average of 301,067 units at $1,894,813 compared with 321,962 shares at $2,040,862 on the previous day and July with an average of 270,399 stock units at $2,493,078.
Wigton Energy led trading with 3.79 million shares for 40.6 percent of total volume, followed by Sagicor Select Financial Fund, ended with 1.53 million stocks for 16.4 percent of the day’s trade and Transjamaican Highway with 1.29 million units for 13.8 percent of the day’s trade.
The market closed with 9,281,650 shares trading for $51,567,241, falling sharply from 22,664,356 stock units at $192,548,549 on Wednesday.
Wigton Energy led trading with 3.79 million shares for 40.8 percent of total volume, followed by Sagicor Select Financial Fund closed with 1.53 million stocks for 16.4 percent of the day’s trade and Transjamaican Highway, with 1.29 million stock units for 13.9 percent of market share.
The Main Market ended trading with an average PE Ratio of 13.7. The JSE Main and the USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with fiscal year ending around August 2025.
At the close of the market, Caribbean Cement rallied 84 cents and ended at $90.85 with 45,447 shares passing through the market, Eppley increased $1.98 to $32 with 22 stocks changing hands, Eppley Caribbean Property Fund climbed $2.49 in closing at $42.49 after an exchange of 11,172 units. General Accident sank 40 cents to end at $5 with investors dealing in 1,433 shares, GraceKennedy slipped $1.32 to finish at $70.05 in trading of 30,784 stock units, Jamaica Broilers popped $1.90 to close at $25.40 in an exchange of 18,487 shares. Jamaica Producers fell 49 cents to $24 with 503 units crossing the market, Kingston Wharves lost $1.47 to finish at $31 in trading 449 stocks, Massy Holdings sank $1.50 and ended at $76 after closing with 101,265 stock units changing hands. Mayberry Jamaican Equities gained 63 cents to finish at $11 as investors exchanged 843 shares, NCB Financial rose 53 cents to close at $39.50, with 335,613 units clearing the market,
Pan Jamaica advanced $1.49 to end at $50 after a transfer of 546 stocks. Sagicor Group popped 36 cents in closing at $39.86 with 5,744 stock units crossing the exchange, Sagicor Real Estate Fund dipped 55 cents to $7.15 with investors swapping 1,000 shares, Scotia Group gained $1 to finish at $55 with 14,673 stocks crossing the market. Seprod declined $1.90 and ended at $83 in an exchange of 8,392 units, Sterling Investments rose 36 cents to close at $3.16 with traders dealing in 158 stock units and Wisynco Group shed 70 cents to end at $20.05 with investors switching ownership of 73,679 shares.
In the preference segment, Jamaica Public Service 7% dropped $6.45 to $36.55 after an exchange of 178 stock units, Jamaica Public Service 9.5% skidded $50 and ended at $2,600 with investors trading 110 units, 138 Student Living preference share sank $13 to close at $200 with an exchange of 18 stocks and Productive Business Solutions 10.5% skidded $2 in closing at $1,118 with a transfer of 20 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.