Depressed Main Market trading

Trading remained low on the Jamaica Stock Exchange Main Market at the close of the market on Friday, two days the following the closure of trading on Wednesday, with passage of Hurricane Beryl that affected the island. The volume of stocks traded declined 21 percent and the value rose 34 percent more than on Thursday, with trading in 50 securities similar to activity on Thursday, with prices of 18 stocks rising, 17 declining and 15 ending unchanged with Pulse Investments trading at a 52 weeks’ low of $1.41.
The market closed with 2,858,995 shares trading for just $16,546,674 compared with 3,640,057 units at just $12,309,649 on Thursday, the day the market reopened  following the passage of the hurricane Beryl on  Wednesday.
Trading averaged 57,180 shares at $330,933 compared to 72,801 units at $246,193 on Thursday and month to date, an average of 137,808 units at $577,977 compared with 162,241 stocks at $652,838 on the previous day and June that closed with an average of 246,425 units at $1,945,941.
Transjamaican Highway led trading with 1.56 million shares for 54.6 percent of total volume followed by Wigton Windfarm with 378,147 units for 13.2 percent of the day’s trade and Sagicor Select Financial Fund with 250,108 units for 8.7 percent market share.
The All Jamaican Composite Index sank 2,298.32 points to 357,397.41, the JSE Main Index dropped 1,249.94 points to end at 319,256.54 and the JSE Financial Index lost 0.19 points to 67.15.
The Main Market ended trading with an average PE Ratio of 14.8. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecast provided by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, AS Bryden increased $1.50 to close at $37.50 with investors trading 15 shares, Caribbean Cement climbed $2.99 to $64.99 with an exchange of 67,932 stock units, Caribbean Producers rose 40 cents in closing at $10, with 121,070 units crossing the market. Carreras rallied 42 cents to end at $9.70 in switching ownership of 17,684 Astocks, GraceKennedy slipped 50 cents and ended at $73.50 with investors dealing in 6,249 units, Jamaica Stock Exchange sank $1.64 to finish at $10.26 as 50 stocks passed through the market. JMMB Group skidded $1.07 and ended at $23.41 as investors exchanged 742 shares, Pan Jamaica fell $2.94 to $47 after 800 stock units changed hands, Sagicor Group lost 50 cents in closing at $40 in an exchange of 15,013 shares. Scotia Group popped 50 cents to close at $45.50 and closed with an exchange of 8,599 units, Stanley Motta advanced 44 cents to end at $5.96 in trading 1,310 stocks, Sygnus Credit Investments gained 97 cents to finish at $12.02 with 902 stock units crossing the market and Sygnus Real Estate Finance dropped $1.15 and ended at $9.50 with investors swapping 720 shares.
In the preference segment, 138 Student Living preference share rose $3 to $200 with just 2 stock units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.