Falling volume, slipping prices on JSE Main Market

The volume of stocks traded declined 59 percent, with a 28 percent lower value than in trading Wednesday at the close of activity on the Jamaica Stock Exchange Main Market on Thursday and ended, with 56 securities trading, up from 53 on Wednesday, with prices of 16 rising, 28 declining and 12 ending unchanged.
A total of 7,725,167 shares were traded for $52,758,028 down from 18,798,375 units at $73,598,833 on Wednesday.
Trading averaged 137,949 shares at $942,108 down from 354,686 stock units at $1,388,657 on Wednesday and month to date, an average of 162,977 units at $1,404,898 down from 164,430 units at $1,431,754 on the previous day. September closed with an average of 533,719 units at $5,494,282.
Wigton Windfarm led trading with 3.13 million shares for 40.5 percent of total volume, followed by Pulse Investments with 1.06 million units for 13.7 percent of the day’s trade and Transjamaican Highway with 990,665 units for 12.8 percent market share.
The All Jamaican Composite Index shed 1,462.75 points to settle at 400,663.30, the JSE Main Index declined 1,237.21 points to 350,041.76 and the JSE Financial Index dropped 0.43 points to close at 84.26.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.5 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Barita Investments dipped $1.16 to close at $100 with 2,216 shares clearing the market, Caribbean Cement lost 40 cents to end at $57.50 after exchanging 32,270 stock units, Eppley Caribbean Property Fund dropped $1.03 to $38.01 after trading 2,137 units. GraceKennedy climbed 50 cents in closing at $89.50 with investors dealing in 77,765 stocks, Guardian Holdings shed $5 in ending at $495 after a transfer of 8,167 stock units, Jamaica Producers fell $1.70 to $17.30 with 8,532 shares changing hands. Kingston Wharves advanced $1.65 in closing at $37.90 in transferring 524 units, NCB Financial declined $1 to close at $85 with investors swapping 225,109 stocks, Palace Amusement shed 81 cents to $827 after trading 43 stock units. Proven Investments rallied $1.49 to end at $30 with the swapping of 1,250 units, Sagicor Group dipped 49 cents to $50.50 in trading 10,901 shares, Scotia Group dropped 60 cents in closing at $35.40 with 29,966 stocks crossing the exchange and Seprod dropped $2.79 to $68.16 while exchanging 4,390 units.
In the preference segment, 138 Student Living’s preference share increased $6.90 to close at $52.94 after15 stock units crossed the market and Productive Business Solutions 9.75% preference share declined $33 to $107 in transferring 29 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.