Drop in trading on the JSE Main Market

The Jamaica Stock Exchange Main Market ended trading on Thursday, with the volume of stocks changing hands declining 57 percent and the value 26 percent lower than on Wednesday, with trading in 52 securities compared with 54 on Wednesday and ended with prices of 20 rising, 21 declining and 11 unchanged.
Trading accounted for 2,797,752 shares changing hands for  $28,650,079 versus 6,457,532 stock units at $38,558,222 on Wednesday.
Trading averaged 53,803 shares at $550,963 compared to 119,584 units at $714,041 on Wednesday and month to date, an average of 137,876 units at $1,150,207 compared with 146,984 units at $1,215,126 on the previous day, down from November with an average of 275,587 units at $2,488,949.
JMMB Group 7.35% – 2028 led trading with 514,145 shares for 18.4 percent of the volume followed by Transjamaican Highway with 386,691 units for 13.8 percent of the day’s trade and Wisynco Group with 363,182 units for 13 percent market share.
The All Jamaican Composite Index rallied 5.10 points to finish at 346,487.62, the JSE Main Index rallied 755.51 points to close at 311,709.42 and the JSE Financial Index gained 0.32 points to wrap up trading at 67.76.
The Main Market ended trading with an average PE Ratio of 12.8. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
Investor’s Choice bid-offer indicator shows 14 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Eppley rallied $2 to close at $35 with investors transferring 141 stock units, Eppley Caribbean Property Fund skidded $3.80 to $35.20, with investors exchanging 1,522 shares, GraceKennedy fell $1.50 to end at $74.50 after 12,237 units passed through the market. Guardian Holdings rose $8 in closing at $400 in an exchange of 20 stocks, Jamaica Broilers advanced $1.10 and ended at $35 with 148,882 shares clearing the market, Jamaica Stock Exchange dipped 64 cents to $9.50 in switching ownership of 160 stocks. Key Insurance popped 52 cents to end at $2.50 after a transfer of 19,670 units, Massy Holdings climbed $1.45 in closing at $89.95, with 184 stock units changing hands, Mayberry Group increased 12 cents and ended at $8.20 and closed with an exchange of 154,229 shares. MPC Caribbean Clean Energy lost $2.98 to close at $89.01, with just 2 stock units crossing the market, NCB Financial rallied $1.87 to $66.97 after an exchange of 13,905 units, Pan Jamaica rose 45 cents and ended at $49.45, with 596 stocks crossing the market. Proven Investments dropped 41 cents to close at $23 while exchanging 8,503 units, Seprod gained $4.17 to end at $74.90 in trading 32,628 stocks, Sygnus Credit Investments shed 92 cents in closing at $10.51, with 2,200 shares crossing the exchange and Wisynco Group declined 79 cents to $20.17 trading 363,182 stock units.
In the preference segment, 138 Student Living preference share fell $24 to $90 in an exchange of 50 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.