Key Insurance rose 9 percent and led winners on the Jamaica Stock Exchange Main Market on Wednesday and Lasco Manufacturing rose 12 percent with stocks closing mixed with the Main Market slipping moderately at the close as the volume of stocks traded declined 33 percent with an 84 percent higher value than on Tuesday following trading in 50 securities compared with 52 on Tuesday, with prices of 18 rising, 19 declining and 13 ending unchanged.
The market closed with just 7,392,747 shares trading for $92,547,726, down from 11,072,953 units at $50,190,156 on Tuesday.
Trading averaged 147,855 shares at $1,850,955, compared with 212,941 stocks at $965,195 on Tuesday and month to date, an average of 149,397 units at $1,287,832 compared with 149,509, shares at $1,246,967 on the previous day and for May with an average of 245,284 stock units at $2,050,773.
Transjamaican Highway led trading with 2.42 million shares for 32.8 percent of total volume followed by Jamaica Broilers which ended with 2.41 million stock units for 32.6 percent of the day’s trade and JMMB Group 7.35% – 2028 with 1.49 million stock units for 20.2 percent of the day’s volume.
The All Jamaican Composite Index dipped 530.03 points to close at 358,605.64, the JSE Main Index slipped 598.79 points to 311,055.40 and the JSE Financial Index dipped 0.40 points to finish at 64.16. At the close, the Investor’s Choice bid-offer indicator shows 15 stocks ending with bids higher than their last selling prices and five with lower offers.
The Main Market ended trading with an average PE Ratio of 13.3. The JSE Main and the 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 of the market, Berger Paints sank $1.36 to end at $6.22 in an exchange of 2,157 shares, Caribbean Cement rose $1.02 to $82.08 with investors trading 1,722 units, Caribbean Producers climbed 40 cents to finish at $8.50 with traders switching ownership of 101,100 shares. GraceKennedy popped 50 cents and ended at $74 with investors dealing in 11,771 stock units, Jamaica Broilers rallied $1.40 in closing at $24.90 after 2,411,581 stocks were traded, JMMB Group increased 91 cents to close at $20.93 with 3,119 shares clearing the market. Lasco Manufacturing advanced 74 cents to $6.84 with traders dealing in 5,107 stocks, Mayberry Jamaican Equities dropped 67 cents to end at $9.03 after an exchange of 7,021 units, NCB Financial fell 75 cents in closing at a 52 week low of $40.26 with investors trading 151,221 stock units. 138 Student Living skidded 40 cents and ended at $3.28 in an exchange of 2,785 shares, Pan Jamaica sank 40 cents to finish at $51.10 with investors swapping 861 stock units, Proven Investments gained $1.19 to close at $17.69 with a transfer of 766 stocks. Sagicor Group rose $1 to $40.01 with 13,471 units crossing the exchange, Sagicor Real Estate Fund rallied 40 cents to finish at $8.50 in trading 1,168 shares, Scotia Group shed 50 cents and ended at $53 after a transfer of 77,499 stock units and Seprod increased 90 cents in closing at $77.90 as investors exchanged 20,098 stocks.
In the preference segment, Productive Business Solutions 10.5% declined $10 to end at $1,150 with a mere one unit crossing the market and Sygnus Credit Investments C10.5% climbed 50 cents to close at $100.50 after an exchange of 1 stock.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.