Big fall for JSE main market

The Jamaica Stock Exchange Main Market closed on Wednesday, with a big fall in the market as the volume and the value of stocks traded declined 27 percent from trading on Tuesday, leading to more stocks declining than rising.
The All Jamaican Composite Index dropped 3,995.89 points to settle at 420,325.65, the JSE Main Index declined by 3,019.85 points to 368,855.69 and the JSE Financial Index shed 1.03 points to settle at 87.45.
Trading ended with 53 securities compared to 57 on Tuesday, with 13 rising, 25 declining and 15 ending unchanged. Overall, 6,172,524 shares were exchanged for $81,213,738 versus 8,448,425 units at $63,984,241 on Tuesday. Trading averages 116,463 units at $1,532,335, compared to 148,218 shares at $1,122,531 on Tuesday and month to date, an average of 132,918 units at $1,319,982, compared to 148,218 units at $1,122,531 on the previous trading day. July closed with an average of 173,643 units at $1,683,017.
Transjamaican Highway led trading with 1.50 million shares for 24.3 percent of total volume followed by Wigton Windfarm with 1.16 million units for 18.9 percent of the day’s trade and Sagicor Select Financial Fund with 608,480 units for 9.9 percent of market share.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.7 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Berger Paints fell 93 cents to $11 after trading 3,154 shares, Eppley Caribbean Property Fund climbed $2 to close at $40 after exchanging 310 stocks, Guardian Holdings lost $1 in ending at $505 after switching ownership of 926 units. Jamaica Producers advanced 50 cents to $21.25, with 8,534 stock units crossing the market, Jamaica Stock Exchange declined 88 cents to end at $18 while exchanging 8,835 units and Mayberry Investments rose 85 cents to close at $10.48, with 4,504 shares clearing the market. NCB Financial shed $6 in ending at a 52 weeks’ low of $90 with an exchange of 22,866 stocks, PanJam Investment dropped $5.80 in closing at $58.20 trading 5,506 stock units, QWI Investments lost 11 cents in closing at 74 cents after the price hit an intraday 52 weeks’ low of 59 cents as investors traded 282,628, Scotia Group popped 92 cents to end at $34.99 after an exchange of 32,705 units. Supreme Ventures increased $1.52 to $28.67, with 23,538 shares crossing the market, Sygnus Real Estate Finance rallied 86 cents to close at $12, with 2,860 stock units changing hands and Wisynco Group dropped 52 cents to end at $18.40 after an exchange of 92,999 stocks.
In the preference segment, 138 Student Living s preference share gained $1.29 after ending ends record high of $51.74 in an exchange of 4 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.