Fall for JSE main market

Main market activity ended on Monday, with declining stocks far exceeding those rising, resulting in the market falling sharply as the volume of stocks traded declined 35 percent, with 117 percent more value than on Friday at the close of the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index dropped 6,345.40 points to 436,529.80, the JSE Main Index declined 4,898.50 points to 381,428.82 and the JSE Financial Index lost 0.80 points to settle at 90.71.
Trading ended with 56 securities changing hands compared to 53 on Friday, with 14 rising, 30 declining and 12 ending unchanged.
Overall, 8,595,018 shares traded for $143,207,141 versus 13,174,872 units at $66,091,370 on Friday. Trading averages 153,482 units at $2,557,270, compared to 248,582 shares at $1,247,007 on Friday and month to date, an average of 199,724 units at $1,920,170. June closed with an average of 281,913 units at $5,309,050.
Wigton Windfarm led trading with 2.12 million shares for 24.6 percent of total volume, followed by Transjamaican Highway with 1.56 million units for 18.2 percent of the day’s trade, Ciboney Group ended with 1.14 million units for 13.3 percent market share and NCB Financial with 1.10 million units for 12.8 percent share of all trades.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.5 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cement declined 50 cents to $64, with 25,007 shares clearing the market, Eppley Caribbean Property Fund shed $4 to $43.25, with 68 stock units crossing the market, First Rock Capital climbed $1.55 to close at $13.30 in trading 1,131 units. GraceKennedy dipped 35 cents to end at $102.65 in switching ownership of 10,970 stocks, Guardian Holdings fell $17.99 in closing at $502 while exchanging 10 units, Jamaica Producers lost $2.35 in closing at $20.10 after finishing with an exchange of 27,149 stock units. Jamaica Stock Exchange declined $2.45 to close at $17.50, with 22,325 shares changing hands, JMMB Group fell $1.34 in ending at $42.31 with the swapping of 62,848 stocks, Key Insurance rose 52 cents to end at $3.90 after 4,130 units crossed the exchange. Massy Holdings dropped $1 to $92 with 8,502 stock units changing hands, Mayberry Investments shed $1.81 to $8.20 in exchanging 14,097 shares, Mayberry Jamaican Equities lost 86 cents in closing at $12.99 in an exchange of 92,575 stocks. NCB Financial shed $1.25 to end at $100 after trading 1,096,829 stocks, Palace Amusement fell $85 to $860 with an exchange of 39 shares, PanJam Investment dropped $1.48 to close at $64.50 as 10,769 stock units changed hands. Pulse Investments declined 40 cents in closing at $3.99 after exchanging 353,439 units, Salada Foods lost 30 cents to close at $5.50 after trading 8,476 shares, Scotia Group rallied 44 cents in ending at $36.94 with an exchange of 95 stock units. Supreme Ventures shed $2.85 to $28.60, with 106,907 units changing hands, Sygnus Credit Investments dropped 56 cents to end at $14.23 after trading 52,552 stocks, Sygnus Real Estate Finance popped $2.49 to $15 after trading just one stock and Victoria Mutual Investments fell 41 cents to close at $5.39 with an exchange of 248,114 stock units.
In the preference segment, Eppley 7.50% preference share fell $1.18 to $6 in trading 1,189 shares and 138 Student Living s preference share advanced $1.94 in closing at $21.34 after just one share was traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.