Fallen stocks pressured JSE Main Market


Trading climbed on the Jamaica Stock Exchange Main Market on Wednesday, with 138 percent more funds entering the market than on Tuesday and facilitating trading of 23 percent more shares. Transjamaican Highway, toll operators claimed a little over 62 percent of the volume of stocks traded. Trading resulted in an exchange of 63 securities, up from 60 on Tuesday, with prices of 18 rising, 24 declining and 21 ending unchanged.

The market closed with 16,197,918 shares being traded, with a value of $171,605,898 after jumping from 13,154,510 stock at $72,172,993 on Tuesday.
Trading averaged 257,110 shares  at $2,723,903, up from 219,242 units for $1,202,883 on Tuesday and month to date, an average of 248,449 stock units at $1,824,750, marginally above 247,896 shares at $1,767,299 on the previous day and October with an average of 210,503 stock units at $1,467,012.
Transjamaican Highway led trading with 10.05 million shares for 62.1 percent of total volume, followed by Wisynco Group with 3.02 million stock units for 18.6 percent of the day’s trade and Carreras with 453,606 stocks for 2.8 percent of the volume traded.
The All Jamaican Composite Index lost 1,427.63 points to end at 358,294.31, the JSE Main Index slipped 103.22 points to 314,791.40 and the JSE Financial Index popped 0.32 points to 64.09. At the close, the Investor’s Choice bid-offer indicator shows 14 stocks ending with bids higher than their last selling prices and five with lower offers.
The Main Market ended trading with an average PE Ratio of 13.7. The JSE Main and the USD Market PEs are based on last traded prices and earnings forecasts that are computed by ICInsider.com for companies with the financial year ending around August 2026.
At the close of the market, AS Bryden fell $2.40 to finish at $31.10 in an exchange of 13 shares, Barita Investments slipped $3 to $74 with 4,439 stocks crossing the market, Caribbean Cement sank $4 in closing at $102 as investors exchanged 283,288 shares. Eppley climbed 47 cents and ended at $34.97 after a transfer of 1,787 stock units, Eppley Caribbean Property Fund rose $6.01 to end at $46 with 315 units passing through the market, Guardian Holdings shed $19.50 to close at $350 with a transfer of 130 stocks. JMMB Group sank 60 cents to $17.10 with investors dealing in 92,861 units, Kingston Properties skidded 56 cents to close at $8.44 with 1,354 shares crossing the market, Kingston Wharves gained 48 cents in closing at $29.98 with an exchange of 1,789 stock units. MPC Caribbean Clean Energy popped $3.01 to end at $47 with 51 shares changing hands, NCB Financial advanced 89 cents to finish at $39.89 with investors trading 109,731 stock units, Seprod rallied 39 cents and ended at $81.99 with traders switching ownership of 16,051 units and Wisynco Group lost 88 cents to $20.01 after an exchange of 3,016,076 stocks.
In the preference segment, 138 Student Living preference share dropped $3 and ended at $252 after 2,024 shares changed hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.by

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