Trading was pretty steady on the Junior Market of the Jamaica Stock Exchange on Wednesday, compared with market activity on Tuesday, with the volume of stocks traded declining a mere 7 percent as the value slipped 16 percent from that on Tuesday, following trading in 40 securities down from 43 on Tuesday and ended with stocks rising and declining sharing 17 each leaving six unchanged.
A total of 7,838,155 shares were traded for $20,403,040, down from 8,389,729 units at $24,298,687 on Tuesday.
Trading averaged 195,954 shares at $510,076 versus 195,110 units at $565,086 on Tuesday with the month to date, averaging 253,261 units at $680,540, against 258,128 stocks at $695,016 on Tuesday the previous day. October closed with an average of 264,407 units at $832,036.
Jamaican Teas led trading with 1.86 million shares for 23.8 percent of total volume, followed by JFP Ltd with 994,183 units for 12.7 percent of the day’s trade and ONE on ONE Educational with 641,325 units for 8.2 percent market share.
At the close, the Junior Market Index dropped 26.95 points to close at 3,972.26.
The PE Ratio, a measure of computing appropriate stock values, averages 12.4. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial lost $2.20 to end at $20.70 after an exchange of 10,638 shares, Cargo Handlers popped $1.87 in closing at $13 as investors exchanged 14 stocks, Caribbean Cream gained 14 cents in ending at $4 after trading 250 stock units. Dolla Financial dipped 10 cents to $3.27, with 637,579 units changing hands, Dolphin Cove rose 40 cents to close at $13.40 after a transfer of 534 shares, Everything Fresh climbed 10 cents to close at $1.70 after an exchange of 79,283 stocks. Fontana declined 15 cents to $8.85 after 98,255 stock units crossed the exchange, Fosrich fell 17 cents to $4.38 with 414,495 units passing through the market, General Accident dipped 70 cents to $4.40 while exchanging 10,000 shares. Honey Bun increased 29 cents in closing at $6.79 with an exchange of 2,331 stocks, Iron Rock Insurance shed 30 cents to end at $2.30 with 32,247 units changing hands, Jamaican Teas rallied 22 cents in closing at $2.50 after trading 1,864,447 stock units. Knutsford Express advanced 80 cents to close at $8.80 in exchanging 19,820 shares, Lasco Financial declined 11 cents to $2.72 with the swapping of 25,623 stock units, Limners and Bards gained 10 cents in ending at $2.50 as 41,764 units crossed the market. 
Main Event rallied 50 cents in closing at $12 after exchanging 1,433 stocks, MFS Capital Partners dipped 15 cents to $2.75, with 366,867 stock units crossing the market, Spur Tree Spices dropped 11 cents to $3.05 trading 485,518 units and Stationery and Office Supplies shed 90 cents to end at $15.95, with 3,083 stocks clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising Main market stocks beat losers
The Jamaica Stock Exchange Main Market slipped at the end of trading on Tuesday, following an 11 percent rise in the volume of stocks traded and the 39 percent jump in value over Monday, after trading in 58 securities up from 54 on Monday, with 31 rising, 20 declining and seven ending unchanged.
A total of 12,140,427 shares were traded for $121,031,433, up from 10,954,351 units at $87,091,829 on Monday.
Trading averaged 209,318 units at $2,086,749, versus 202,858 shares at $1,612,812 on Monday and month to date, an average of 192,426 units at $1,405,226, compared to 190,632 units at $1,332,830 on the previous day. October closed with an average of 231,243 units at $1,464,224.
Transjamaican Highway led trading with 3.05 million shares for 25.1 percent of total volume, followed by Wigton Windfarm with 2.57 million units for 21.2 percent of the day’s trade and QWI Investments with 1.26 million units for 10.4 percent market share.
The All Jamaican Composite Index fell 629.97 points to 389,849.52, the JSE Main Index shed 570.04 points to 342,155.36 and the JSE Financial Index dipped 0.57 points to 81.37.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.3 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
The Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments climbed $1.30 to $89.80 after trading 8,315 stocks, Berger Paints shed 40 cents to end at $10 while exchanging 15,262 units. Eppley Caribbean Property Fund popped $1 to $40 as investors exchanged 950 stock units, First Rock Real Estate declined 85 cents in closing at $13.15 with 10,686 units crossing the market, GraceKennedy gained $1.49 to end at $86.50 after trading 90,560 stocks. Guardian Holdings lost $19.99 in ending at $500 after a transfer of 61 stock units, Jamaica Broilers rallied $1.46 in closing at $28.48 in exchanging 2,621 shares, Jamaica Producers rose 40 cents to $18.30 in an exchange of 516 stock units. Jamaica Stock Exchange increased 50 cents to close at $15.50 with the swapping of 3,451 units, JMMB Group fell 81 cents to close at $36.99 as 79,346 stocks passed through the market, Kingston Properties dropped 42 cents to close at $6.57 with a transfer of 908 shares. 
Kingston Wharves rallied $1 in ending at $36, with 4,664 stocks crossing the exchange, Massy Holdings popped $2.48 in closing at $80 with an exchange of 300,853 shares, Mayberry Investments dipped 43 cents to end at $6.97 after exchanging 16,540 stock units. Mayberry Jamaican Equities advanced $1.19 to $13.19 after 10,523 units crossed the market, NCB Financial fell 50 cents to end at $84.50 with investors transferring 588,864 stock units, 138 Student Living shed 43 cents to $4.70 with 102,865 stocks changing hands. Palace Amusement jumped $72 in closing at $792, with four units clearing the market, PanJam Investment declined $1 to close at $53.50 after exchanging 14,003 shares, Proven Investments climbed 60 cents in ending at $29.30 and trading 421 shares. Sagicor Group rose $1 to $51, with 74,561 units crossing the market after the price hit an intraday 52 weeks’ low of $48.30. Scotia Group increased 83 cents to end at $34.34 with the swapping of 165 stocks, Seprod rose $1 to $71 after 4,419 stock units crossed the exchange. Supreme Ventures advanced 98 cents to $27 after an exchange of 325,615 stocks and Sygnus Credit Investments USD share increased $1.42 to close at a 52 weeks’ high of $15.67 in an exchange of 16 units.
In the preference segment, Eppley 7.75% preference share popped $1.10 in closing at a 52 weeks’ high of $21.10 after a transfer of 114 shares, Productive Business Solutions 10.5% preference advanced $100 to close at $1150 in switching ownership of five shares and Productive Business Solutions 9.75% preference share dipped $5 to end at $140 in trading 10 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior market trading dips
The volume of stocks traded on the Junior Market of the Jamaica Stock Exchange on Tuesday, fell by 12 percent and the value dipped by 16 percent compared to trading on Monday, with activity taking place in 43 securities, up from 41 on Monday and ended with prices of 16 rising, 22 declining and five left unchanged.
Jamaican Teas dropped to a 52 weeks’ low of 2.20 while Main Event surged to an intraday record high of $12.50.
A total of 8,389,729 shares were traded for $24,298,687 compared to 9,587,270 units at $29,063,432 on Monday. Trading averaged 195,110 shares at $565,086 compared to 233,836 units at $708,864 on Monday with the month to date averaging 258,383 units at $695,016 down from 264,459 stock units at $708,070 on the previous day. October closed with an average of 264,407 units at $832,036.
JFP Ltd led trading with 1.21 million shares for 14.4 percent of total volume followed by Spur Tree Spices with 1.08 million units for 12.9 percent of the day’s trade and Jamaican Teas with 871,755 units for 10.4 percent market share.
At the close, the Junior Market Index climbed 24.82 points to settle at 3,999.21.
The PE Ratio, a measure of computing appropriate stock values, averages 12.4. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial climbed $2.40 in closing at $22.90, with just 20 shares crossing the market, Blue Power dipped 10 cents to $3.10 with an exchange of 600 units, Cargo Handlers advanced 13 cents to $11.13 as 3,072 stocks changed hands. Caribbean Cream shed 14 cents to close at $3.86 with investors transferring 34 stock units, Caribbean Flavours rose 13 cents to $1.75 as 88,768 shares passed through the market, Consolidated Bakeries increased 11 cents to end at $2.42 after a transfer of 200 units. Elite Diagnostic lost 35 cents in closing at $3.33 with the swapping of 17,435 stock units, Everything Fresh rallied 15 cents to $1.60 with a transfer of 202,533 stocks, Future Energy Source fell 15 cents to $5.15, with 391,288 units changing hands. General Accident popped $1.10 to close at $5.10 in trading 7,300 shares, Jamaican Teas dropped 27 cents ending at a 52 weeks’ low of $2.28 after an exchange of 871,755 stock units, KLE Group declined 34 cents to end at $1.66 while exchanging 4,274 stocks. Knutsford Express declined 30 cents to close at $8 in an exchange of 60,065 stock units, Lasco Distributors dipped 10 cents to $2.80 as investors traded 218,196 units, Lasco Financial gained 12 cents in closing at $2.83, with 1,000 shares crossing the exchange. 
Limners and Bards fell 10 cents ending at $2.40 after an exchange of 30,856 stocks, Main Event popped $1.15 to close at a record closing high of $11.50, following the trading of 212,325 units, MFS Capital Partners shed 10 cents to $2.90 trading 124,334 stock units. Spur Tree Spices dropped 23 cents to end at $3.16 in exchanging 1,078,230 shares and Stationery and Office Supplies climbed $1.65 in closing at $16.85, with 6,262 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Declining stocks dominate Main Market
Main Market stocks mostly fell on the Jamaica Stock Exchange in trading on Monday accompanied by a 42 percent increase in the volume of stocks traded but with 18 percent less value than on Friday, after 54 securities traded compared to 53 on Friday, with prices of just ten rising, 30 declining and 14 unchanged.
Jamaica Stock Exchange fell to a 52 weeks’ low of $15 and Proven Investments declined to a 52 weeks’ low of $28.70.
A total of 10,954,351 shares were exchanged for $87,091,829 versus 7,723,200 units at $106,579,158 on Friday.
Trading averaged 202,858 shares at $1,612,812 versus 145,721 units at $2,010,928 on Friday and month to date, an average of 190,632 shares at $1,332,830 compared to 189,290 units at $1,302,100 on the previous trading day. October closed with an average of 231,243 units at $1,464,224.
Transjamaican Highway led trading with 4.07 million shares for 37.1 percent of total volume followed by Wigton Windfarm with 3.07 million units for 28.1 percent of the day’s trade and Pulse Investments with 1.11 million units for 10.2 percent market share.
The All Jamaican Composite Index declined 1,886.79 points to 390,479.49, the JSE Main Index dropped 1,347.77 points to 342,725.40 and the JSE Financial Index dipped 0.48 points to settle at 81.94.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.1 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments declined $2.50 after ending at $88.50 with investors transferring 8,518 shares, Eppley Caribbean Property Fund shed $1 to close at $39 after a transfer of 20 stock units, GraceKennedy popped $2.01 to $85.01 with investors exchanging 48,708 units. Guardian Holdings advanced $19.99 in closing at $519.99 with the swapping of just one stock, Jamaica Broilers dropped $1.45 to $27.02 with an exchange of 25,129 shares, Kingston Wharves lost $2 to end at $35 after a transfer of 3,900 units. Massy Holdings declined $2.48 to $77.52 in trading 695 stock units, Mayberry Jamaican Equities fell $1.20 to close at $12 with an exchange of 94,150 stocks, Portland JSX dropped $1.20 to $9 with 1,000 units changing hands. Scotia Group lost $1.99 in closing at $33.51 trading 4,170 stock units, Seprod fell $1 to finish at $70 in exchanging 123,635 shares, 
Supreme Ventures shed $1.97 to settle at $26.02 with a transfer of 89,935 stocks and Sygnus Real Estate Finance declined $1.02 in closing at $9.18 after exchanging 4,845 shares.
In the preference segment, Eppley 7.75% preference share dipped $1 to close at $20 as investors exchanged 10,000 units and JMMB Group 7.25% preference share lost 47 cents to end at $2.67 in switching ownership of 900 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big drop for Junior Market on Monday
The Junior Market of the Jamaica Stock Exchange fell sharply on Monday, fuelled by falling volume of stocks trading with a decline of 60 percent as the amount of funds passing through the market dropped 56 percent compared to trading on Friday after 41 securities were traded compared with 39 on Friday and ended with prices of 10 rising, 25 declining and six closing unchanged.
A total of 9,587,270 shares were traded for $29,063,432 down from 24,249,069 units at $66,587,007 on Friday.
Trading averaged 233,836 shares at $708,864 down from 621,771 units at $1,707,359 on Friday, with the month to date, averaging 264,739 units at $708,070 versus 267,703 stock units at $707,986 on Friday the previous trading day. October closed with an average of 264,407 units at $832,036.
Consolidated Bakeries led trading with 1.38 million shares for 14.4 percent of total volume followed by MFS Capital Partners with 956,783 units for 10 percent of the day’s trade and Fosrich with 927,898 units for 9.7 percent market share.
At the close, the Junior Market Index dropped 60.44 points to settle at 3,974.39.
The PE Ratio, a measure of computing appropriate stock values, averages 12.3. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Access Financial declined $3.19 after ending at $20.50 with investors switching ownership of 7,158 shares, Cargo Handlers shed $1.55 to end at $11 in an exchange of 5,410 units, Consolidated Bakeries dropped 39 cents in closing at $2.31 after exchanging 1,378,803 stock units. Dolphin Cove dipped 60 cents to close at $13 after an exchange of 63,390 stocks, Everything Fresh popped 13 cents to $1.45 in trading 145,000 stock units, Future Energy Source rose 14 cents to close at $5.30 as investors exchanged 737,370 shares. General Accident lost $1.05 to close at a 52 weeks’ low of $4 with a transfer of 9,968 units, Honey Bun fell 29 cents to end at $6.59 after exchanging 150 stocks, iCreate shed 18 cents to $1.81 with the swapping of 524,693 stock units. JFP Ltd fell 12 cents to $1.57 while investors exchanged 893,614 shares, KLE Group rallied 40 cents to end at $2 after a transfer of 223,500 units, Knutsford Express dipped 69 cents to $8.30 after 4,209 stocks changed hands. Lasco Distributors lost 20 cents in closing at $2.90, with 90,593 stocks crossing the market, Lasco Financial declined 29 cents to close at $2.71 as 118,224 shares passed through the market, Limners and Bards dropped 15 cents to $2.50 118,890 units changing hands. 
Mailpac Group advanced 12 cents to end at $2.15 after 116,159 stock units crossed the market, Stationery and Office Supplies declined 35 cents in closing at $15.20 with 6,569 stock units clearing the market and Tropical Battery dropped 20 cents in ending at $2.56 with an exchange of 450,450 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Jamaica tourist arrivals jump over 2019
After the close of Jamaica’s borders to visitors in March 2020, tourist arrivals continue to recover rapidly, with passenger movements climbing by 17 percent in September and 10 percent in October over the same periods in 2019, data from the local airports show.
According to the data, passenger movement through the Sangster International Airport increased 10 percent over 2019, with 317,100 arrivals and departures compared with 287,800 in 2019 and 208,700 in 2021, while Kingston’s Norman Manley Airport processed 140,900 passengers in October this year, 3.75 percent more than the 135,807 that passed through the airport in the capital of the country in 2019 and 81 percent more than the 77,900 passengers in 2021.
For the year to October, 3.54 million passengers passed through the Sangster International Airport, up 80 percent over 2021 but 9.4 percent below 2019, with June and August being marginally higher than for the same periods in 2019 but with September 17 percent more than in 2019.
Kingston saw 1.27 million passenger movements to October this year, 97 percent more than in 2021 with 643,800 but less than the 1,545,949 movements in 2019.
Steady trading for JSE Main Market
Steady trading for JSE Main Market of Jamaica Stock Exchange on Friday ended, with more money entering the market with fewer shares being traded, resulting in the volume declining 36 percent with a 21 percent higher value than Thursday, after 53 securities were exchanged compared to 52 on Thursday, resulting in prices of 18 rising, 19 declining and 16 ending unchanged.
A total of 7,723,200 shares were exchanged for $106,579,158 versus 12,082,376 units at $88,446,679 on Thursday.
Trading averaged 145,721 shares at $2,010,928 versus 232,353 units at $1,700,898 on Thursday and month to date, an average of 189,148 stock units at $1,301,736, in contrast with 194,391 units at $1,216,117 on the previous trading day. October closed with an average of 231,243 units at $1,464,224.
138 Student Living led trading with 2.03 million shares for 26.2 percent of total volume followed by Transjamaican Highway with 1.90 million units for 24.6 percent of the day’s trade and NCB Financial with 725,835 units for 9.4 percent market share.
The All Jamaican Composite Index lost 282.96 points to finish at 392,366.28, the JSE Main Index advanced 156.36 points to 344,073.17 and the JSE Financial Index fell 0.51 points to close at 82.42.
The PE Ratio. a formula to ascertain appropriate stock values averages 13.4 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Berger Paints dipped 58 cents to end at $10.40 in exchanging 6,600 shares, Caribbean Cement declined 60 cents in closing at $57.10 with a transfer of 60,204 units, Caribbean Producers dropped 64 cents after ending at $12.33 in switching ownership of 159,053 stock units. Eppley rose advanced $3.98 to $39 after trading 123 stocks, First Rock Real Estate gained $1.05 to close at $14.05 with 14,656 stock units crossing the market, GraceKennedy fell $3.50 to close at $83 after clearing the market with 159,196 stocks. Guardian Holdings shed $29.98 to $500 as investors exchanged 212 units, Jamaica Producers lost $1.70 to finish at $17.90 with an exchange of 3,529 shares, JMMB Group shed 74 cents in closing at $37.55 in transferring 3,674 shares. Kingston Properties rallied 44 cents to end at $7 with the swapping of 4,822 stock units, Kingston Wharves rose 70 cents to end at $37 trading 1,204 units, Mayberry Jamaican Equities dropped 76 cents to $13.20 in exchanging 524 stocks. 
138 Student Living gained 44 cents in closing at $4.92 with investors transferring 2,026,320 units, PanJam Investment climbed $1 to close at $54.50 with the swapping of 400 stocks, Seprod popped $3.50 to settle at $71 after trading 11,920 shares and Supreme Ventures lost 96 cents to end at $27.99 after exchanging 14,148 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading surges on Junior Market
Trading surged sharply on the Junior Market of the Jamaica Stock Exchange on Friday, with the volume of stocks traded declining rising 216 percent more and the value 169 percent more than on Thursday with 39 securities trading down from 46 on Thursday, ending with 12 rising, 18 declining and nine closing unchanged.
A total of 24,249,069 shares were exchanged for $66,587,007, up from 7,669,560 units at $24,736,067 on Thursday. Trading averaged 621,771 shares at $1,707,359 compared to 166,730 units at $537,741 on Thursday with the month to date averaging 267,703 units at $707,986 compared to 228,023 stock units at $595,987 on the previous day. October closed with an average of 264,407 units at $832,036.
Everything Fresh led trading with 10.46 million shares for 43.1 percent of total volume followed by Future Energy Source with 6.32 million units for 26.1 percent of the day’s trade and JFP Ltd with 2.16 million units for 8.9 percent market share. Dolla Financial chipped in with 1.17 million units for 4.8 percent market share and ONE on ONE Educational ended with 1.03 million units for 4.2 percent of stocks traded.
At the close, the Junior Market Index lost 23.88 points to settle at 4,034.83.
The PE Ratio, a measure of computing appropriate stock values, averages 12.4. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial climbed $1.69 to $23.69 with investors transferring 1,238 shares, Blue Power dropped 10 cents to close at $3.20 with the swapping of 534 stocks, Caribbean Flavours dipped 13 cents in closing at $1.62 after trading 7,500 stock units. Dolla Financial advanced 13 cents in ending at $3.43 as investors exchanged 1,165,270 units, Dolphin Cove lost 20 cents to end at $13.60 after exchanging 4,774 shares, EduFocal shed 21 cents in closing at $2.66 finishing trading of 445,757 stock units. Elite Diagnostic popped 32 cents to end at $3.72 with 4,038 stocks clearing the market, Everything Fresh declined 35 cents to $1.32 after a transfer of 10,458,798 units, Future Energy Source fell 17 cents to close at $5.16 with an exchange of 6,324,130 stocks. Indies Pharma gained 13 cents after ending at $2.85, with 3,134 stock units changing hands, JFP Ltd fell 11 cents to $1.69, with 2,156,657 units crossing the market, Lasco Distributors rose 25 cents in closing at $3.10 after 464,538 shares changed hands.
Limners and Bards rallied 27 cents to $2.65 in an exchange of 26,244 stocks, Mailpac Group lost 10 cents to end at $2.03, with 277,170 shares crossing the market, Main Event climbed 25 cents to close at $10.35 in exchanging 47,585 stock units and Stationery and Office Supplies dipped 45 cents to end at $15.55 and closed with 14,240 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Lasco, Medimpex losses appeal vs Pfizer
The Jamaican Court of Appeal on Friday handed down its judgement on the Lasco Distributors and Medimpex appeal of the judgement received by the lower court against Pfizer. The court dismissed the appeals and awarded cost to Pfizer.
Lasco
According to the Court of Appeal, the learned judge awarded Lasco approximately $273.3 million and Medimpex, approximately $170,8 million in damages. Those figures included interest on the various sums that comprised the award. Lasco and Medimpex were both dissatisfied with their respective awards and, in separate appeals, sought to have this court increase them.
Pfizer resisted both appeals, which were consolidated and heard together. Although the appellants have filed numerous grounds of appeal, the essence of their respective complaints is that the learned judge erred in calculating the size of the amlodipine market, the potential growth of that market, miscalculating the market share for the respective versions of amlodipine sold by each of the appellants, adopting an inappropriate market scenario and applying an inappropriate discount to the market scenario that she adopted. 
She also had a misunderstanding of the post-injunction sales scenarios for the respective versions of amlodipine sold by the appellants and applied an inappropriate rate of interest to the respective awards of damages.
Lasco Distributors is listed on the Jamaica Stock Exchange Junior Market.
The latest award would be highly disappointing for Lasco who had claimed some US$300 million initially and would have collected a fraction of that amount.
Trading climbs market drops
Trading picked up sharply on the Jamaica Stock Exchange Main Market on Thursday, but that was insufficient to prevent a fall in the market after the volume of stocks traded jumped 183 percent and the value surged 357 percent over trading on Wednesday, after 52 securities were traded down from 56 on Wednesday, leading to prices of 19 rising, 22 declining and 11 ending unchanged.
A total of 12,082,376 shares were exchanged for $88,446,679 up from 4,265,895 units at $19,430,399 on Wednesday.
Trading on Thursday averaged 232,353 units at $1,700,898, up from 76,177 shares at $345,971 on Wednesday and month to date, an average of 194,550 units at $1,216,524 versus 189,470 units at $1,151,441 on the previous day. October closed with an average of 231,243 units at $1,464,224.
Wigton Windfarm led trading with 3.36 million shares for 27.8 percent of total volume followed by Pulse Investments with 2.46 million units for 20.3 percent of the day’s trade, Transjamaican Highway with 1.93 million units for 16 percent of the market and JMMB Group 7.35% – 2028 with 1.13 million units for 9.4 percent market share.
The All Jamaican Composite Index fell 2,281.94 points to 392,649.24, the JSE Main Index lost 3,773.19 points to close at 343,916.81 and the JSE Financial Index dropped 0.55 points to settle at 82.93.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.3 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Eppley Caribbean Property Fund gained $2.95 in closing at $40 after an exchange of 2,445 shares, First Rock Real Estate fell $1.41 to $13 after exchanging 10,849 units, GraceKennedy rallied 50 cents to close at $86.50 after the trading of 14,897 stock units. Kingston Properties dropped 43 cents to end at $6.56 with a transfer of 293,304 stocks, Kingston Wharves declined 70 cents to $36.30 in an exchange of 100 units, Massy Holdings lost $1 to end at $80 as investors traded 841 stocks. Mayberry Jamaican Equities rose 96 cents in closing at $13.96, with 51,611 stock units crossing the market, PanJam Investment climbed 50 cents to close at $53.50 in trading 519 shares, Proven Investments shed $2.27 to $28.73 with the swapping of 1,968 units. Seprod dipped 50 cents after ending at $67.50 in switching ownership of 2,467 shares and Supreme Ventures increased $2.45 to $28.95 after trading 272,233 stock units.
In the preference segment, Eppley 7.50% preference share popped 72 cents to $7.87, with 2,159 stocks crossing the market, Jamaica Public Service 9.5% advanced $100 to close at $3100 after an exchange of just one stock and 138 Student Living s preference share dipped $15 to $45 with an exchange of 105 stock units.
Prices of securities trading are those for the last transaction of each stock unless other
