Fall in Main Market on Tuesday

Trading activity led to a decline in the Jamaica Stock Exchange Main Market on Tuesday, with the volume of stocks traded declining 14 percent and the value jumping 90 percent more than on Monday, following trading in 56 securities compared to 57 on Monday, with prices of 18 rising, 22 declining and 16 ending unchanged.
A total of 8,067,288 shares were traded for $74,863,538 against 9,372,400 units at $39,505,39 on Monday.
Trading averaged 144,059 shares at $1,336,849 versus 164,428 shares at $693,077 on Monday and month to date, an average of 215,806 units at $938,967 compared with 223,548 units at $896,036 on the previous day. March closed with an average of 356,137 units at $3,015,416.
Transjamaican Highway led trading with 4.16 million shares for 51.6 percent of total volume followed by Wigton Windfarm with 1.61 million units for 20 percent of the day’s trade and JMMB Group 7.35% due 2028 ended with 329,594 units for 4.1 percent market share.
The All Jamaican Composite Index dipped 831.45 points to conclude trading at 372,174.00, the JSE Main Index declined 1,387.56 points to 334,661.76 and the JSE Financial Index dipped 0.05 points to 76.88.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.3 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last selling prices of stocks 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 five stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Barita Investments dropped $2.05 in closing at $77.05 after an exchange of 1,038 shares, Caribbean Cement rose $1 to end at $58.50 in switching ownership of 238,261 stocks, GraceKennedy declined $1.99 to $78 with a transfer of 325,898 stock units, Guardian Holdingss hed $10 after ending at $485, with 4,682 units crossing the market, Kingston Wharves rallied $3.23 to close at $33.75, with 5,998 shares clearing the market, Margaritaville advanced $3.23 to $18.23 as 200 units passed through the market, Massy Holdings fell $4 after ending at $91, with 7,249 stocks changing hands, Mayberry Jamaican Equities popped 60 cents to $11.17 while exchanging 714 stock units,NCB Financial gained $2.99 to close at $74.49 after an exchange of 109,813 stocks, Pan Jamaica Group dipped 90 cents in closing at $53.90, with 5,758 stock units crossing the exchange, Portland JSX climbed 68 cents to close at $11.46 in trading 14 shares, Proven Investments lost $1.44 to end at $25.88 with the swapping of 2,001 units, Sagicor Group increased $1.10 after ending at $51 and an exchange of 29,820 units, Seprod lost $7.30 in closing at $63.70 as investors exchanged 12,566 shares, Supreme Ventures popped 63 cents to $27.43 with investors transferring 161,016 stock units and Sygnus Real Estate Finance shed $1.64 to end at $10.15 with an exchange of 1,013 stocks.
In the preference segment, Eppley 7.75% preference share gained $3.82 after ending at $20.02, with a mere two shares changing hands and Jamaica Public Service 7% declined 70 cents in closing at $31 after exchanging 522 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.