Depressed trading for Main Market

Trading sank to low levels on the Jamaica Stock Exchange Main Market on Thursday, with the volume of stocks traded declining 18 percent and the value 11 percent lower than on Wednesday, resulting in 6,187,825 shares being traded for a mere $24,579,359, from 7,575,200 units at $27,742,615 on Wednesday following trading in 55 securities compared with 59 on Wednesday, and resulting in prices of 19 rising, 19 declining and 17 ending unchanged.
Trading averaged 112,506 shares at $446,897 compared with 128,393 shares at $470,214 on Wednesday and month to date, an average of 206,282 units at $1,356,898, compared with 217,446 units at $1,465,231 on the previous day. April closed with an average of 264,549 units at $1,409,410.
Wigton Windfarm led trading with 3.25 million shares for 52.6 percent of total volume followed by Transjamaican Highway with 1.42 million units for 22.9 percent of the day’s trade, with the stock closing at a 52 weeks’ high and Sagicor Select Financial Fund with 334,064 units for 5.4 percent market share.
The All Jamaican Composite Index jumped 3,407.99 points to finish at 372,122.92, the JSE Main Index slipped 84.16 points to close at 334,483.86 and the JSE Financial Index rose 0.86 points to 76.47.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.4 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows 10 stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments shed 50 cents in closing at $77 with a transfer of just 2 shares, Caribbean Cement jumped $2.98 and ended at $53 in trading 607 units, GraceKennedy fell 49 cents to end at $77.50 in an exchange of 30,110 stocks, Guardian Holdings dropped $27.99 to close at $472.01 with an exchange of only one stock unit. Jamaica Broilers rallied 53 cents to $37.28 in switching owners for 28,412 stock units, Kingston Wharves dropped $2.47 to end at $30.52, with 1,436 units clearing the market, Margaritaville popped $1.92 in ending at $19 as 34 stocks passed through the market, Massy Holdings dipped $3.50 in closing at $96 with an exchange of one share. 138 Student Living declined 34 cents to $5.01 after 20,642 units crossed the exchange, Proven Investments 39 cents to close at $25.80 after exchanging 41 stock units, Sagicor Group rallied $2.81 to $51 and closed after 1,340 stocks changed hands. Seprod climbed $1.85 and ended at $71.96 after a transfer of 12,501 shares, Sygnus Real Estate Finance increased $1.20 in closing at $13, with 3,775 stocks passing through the market and Wisynco Group fell 38 cents to end at $16.57 trading 111,075 shares.
In the preference segment, Productive Business 10.50% preference share lost $5 to close at $1,215, with 150 stock units changing hands, Jamaica Public Service 7% rose $19.35 to close at $79.35 while exchanging 684 units and Jamaica Public Service 9.5% shed $20 to end at $2980 with investors transferring one stock unit.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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