Falling JSE Main Market

Trading activity on the Jamaica Stock Exchange Main Market ended on Thursday, with the market value falling for a second day and ended with the volume of stocks traded rising 34 percent, with a 72 percent lower value than on Wednesday, following trading occurring in 57 securities compared with 58 on Wednesday, and ending with prices of 21 stocks rising, 20 declining and 16 ending unchanged.
The market closed with an exchange of 16,799,684 shares costing a total of $37,893,948 compared to 12,511,690 units at $136,341,735 on Wednesday.
Trading averaged 294,731 shares at $664,806 compared to 215,719 units at $2,350,720 on Wednesday and month to date, an average of 177,507 units at $939,590, in comparison with 161,130 units at $977,979 on the previous day and December with an average of 264,266 units at $3,755,946.
Wigton Windfarm led trading with 12.69 million shares for 75.5 percent of total volume, Transjamaican Highway was next  with 1.12 million units for 6.7 percent of the day’s trade and Radio Jamaica with 849,926 units for 5.1 percent market share.
The All Jamaican Composite Index lost 1,252.29 points to end the day at 356,120.35, the JSE Main Index dropped 1,306.80 points to close trading at 319,222.85 and the JSE Financial Index declined 0.52 points to finish at 67.91.
The Main Market ended trading with an average PE Ratio of 13.5. 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 10 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, AS Bryden fell $3.50 and ended at $36.50 in an exchange of 19,836 stocks, Barita Investments lost 47 cents to close at $70.53 with investors dealing in 10,759 units, Berger Paints rallied 39 cents to close trading at $6.59 with 118 shares passing through the exchange. Caribbean Cement dropped 50 cents in closing at $56.50 after a transfer of 17,212 units, Eppley Caribbean Property Fund sank $2.50 to close at $37.50 while exchanging 11,853 shares, Guardian Holdings declined $30 to $360 with investors trading 3,935 units. Jamaica Broilers popped 74 cents and ended at $33.99 with an exchange of 12,214 stocks, Jamaica Producers shed 80 cents to end at $22.50 with 2,510 stock units clearing the market, Jamaica Stock Exchange advanced 44 cents in closing at $10.50 in an exchange of 365 shares. JMMB Group dipped $1.15 to close at 52 weeks’ low of $23.80, with 41,688 stock units passing through the market, Margaritaville rose $2.58 to $17.58 after exchanging 111 stocks, Massy Holdings skidded $1.45 to $89 in trading 7,007 units. Mayberry Jamaican Equities gained 52 cents to end at $9.53 after an exchange of 68,648 stock units, Sagicor Group lost $2.93 in closing at $42 with a transfer of 114,096 shares, Seprod climbed $1 and ended at $84 with investors trading 2,091 shares and Supreme Ventures shed 60 cents to end at $25.30 in switching ownership of 35,171 units.
In the preference segment, Productive Business Solutions 10.5 % preference share declined $25 and ended at $1,075 with investors trading 95 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.