Falling stocks sink Main Market                              


Trading on the Jamaica Stock Exchange Main Market dived sharply on Monday, with the volume of stocks traded declining by 79 percent and the value plunging 86 percent from market activities on Friday. By the close of trading, 58 securities crossed the exchange up from 52 on Friday, with prices of 20 advancing, 27 declining, and 11 ending unchanged, driving the major market indices downwards.

The market closed with just 14,564,460 shares trading for a mere $47,513,938, far below the 69,176,426 stock units at $329,968,167 on Friday.
Trading averaged 251,111 shares at $819,206, far below the 1,330,316 stocks at $6,345,542 on Friday and for the month to date, an average of 588,723 units at $4,253,846 down from 675,367 shares with a value of $5,135,302 on the previous trading day and March with an average of 896,190 stock units at $20,804,277.
Wigton Energy led trading with 5.28 million shares for 36.2 percent of total volume followed by Transjamaican Highway which ended with 2.95 million stocks for 20.3 percent of the day’s trade and Sagicor Select Financial Fund with 2.91 million stock units for 20 percent of the traded volume.
The All Jamaican Composite Index sank 2,074.94 points to cease trading at 372,966.31, the JSE Main Index shed 2,280.68 points to 322,094.84 and the JSE Financial Index skidded 0.69 points to finish at 66.62. The Investor’s Choice bid-offer indicator shows 16 stocks ending with bids higher than their last selling prices and six with lower offers.
The Main Market ended trading with an average PE Ratio of 13.5. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close of the market, AS Bryden lost $2 and ended at $29 after an exchange of 1,657 shares, Berger Paints dipped $1.99 to $7 with investors swapping 20,000 units, Caribbean Cement sank $1.93 to end at $85 with 12,837 stocks passing through the market. First Rock Real Estate rose $1 in closing at $9.50 with traders dealing in 3,212 shares, Guardian Holdings slipped $7 to close at $300 after an exchange of 1,490 stock units, Jamaica Producers gained $1 to finish at $25 in trading 100,015 shares. Kingston Wharves popped 53 cents and ended at $29.33 after a transfer of 3,309 stocks, NCB Financial fell $1 to $44 with 139,913 units switching owners, 138 Student Living climbed 60 cents to close at $3.86 after an exchange of 7,208 stock units. Pan Jamaica increased $2.69 to end at $55 with investors dealing in 3,400 shares, Sagicor Real Estate Fund rallied 65 cents in closing at $8.65 in an exchange of 580 stocks, Scotia Group shed 40 cents to finish at $53.60 with 27,829 units crossing the market. Seprod declined 46 cents to $88.50 in trading 11,837 stock units, Supreme Ventures advanced 44 cents in closing at $20.39 after 30,745 shares crossed the market, Sygnus Real Estate Finance sank $1.36 to finish at $8.14 as investors exchanged 2,336 units and Wisynco Group skidded 75 cents and ended at $21.05 with 64,316 stocks crossing the market.
In the preference segment, Jamaica Public Service 7% popped $5.15 to close at $39.51 with investors trading 2,205 stock units, Sygnus Credit Investments 10% climbed $1 to end at $97 with an exchange of 13 shares and Sygnus Credit Investments C10.5% increased $1.90 in closing at $90 with 83 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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