Flat trading for JSE Main Market on Friday

Trading on Jamaica Stock Exchange Main Market was flat on Friday, with the volume and value of stocks traded marginally greater than on Thursday as rising stocks exceeded those declining by a substantial margin.
Overall, 16,870,075 shares were traded for $147,178,606 versus 16,705,305 units at $146,234,623 on Thursday. Trading averages 306,729 units at $2,675,975, compared to 327,555 shares at $2,867,346 on Thursday and month to date, an average of 266,483 units at $3,818,210, compared to 264,077 units at $3,886,496 on the previous trading day. May closed with an average of 238,645 units at $3,561,016.
The All Jamaican Composite Index dropped 3,281.68 points to settle at 435,984.51, the JSE Main Index fell 2,163.80 points to 381,186.83 and the JSE Financial Index dropped 0.60 points to settle at 91.28.
Trading ended with 55 securities compared to 51 on Thursday, with 28 rising, 19 declining and eight ending unchanged.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.5 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Ciboney Group led trading with 3.67 million shares for 21.8 percent of total volume, followed by Sagicor Select Financial Fund with 2.53 million units for 15 percent of the day’s trade, Transjamaican Highway ended with 2.1 million units for 12.4 percent of market share, Wigton Windfarm closed with 1.83 million units for 10.8 percent market share, QWI Investments with 1.33 million units for 7.9 percent market share and Mayberry Investments with 1.03 million units for 6.1 percent market share.
Investor’s Choice bid-offer indicator shows 13 stocks ending with bids higher than their last selling prices and two stocks with lower offers.
At the close, Barita Investments lost 31 cents in ending at $86.50 after exchanging 20,559 shares, Berger Paints climbed $1.18 to $12.18 in switching ownership of 17,378 stocks, Caribbean Cement dropped 25 cents to end at $66.85 in an exchange of 76,927 units. Carreras gained 33 cents in closing at $9.83 after trading 53,433 stock units, Eppley rallied $1 to close at $41 after exchanging 201 units, First Rock Capital shed $1.25 to close at $12 with an exchange of 100,516 stocks. GraceKennedy rose $1.53 in closing at $103.53, with 8,169 shares crossing the market, Jamaica Broilers popped 30 cents to close at $26.80 after 23,935 stock units crossed the exchange, Jamaica Stock Exchange advanced 50 cents to end at $17.50 while exchanging 1,096 stock units. JMMB Group fell 50 cents, ending at $42 in an exchange of 657,734 units, Kingston Properties increased 40  ents to $8, trading 5,404 shares, Margaritaville declined $1.10 in ending at $21.50 after 52 stocks crossed the market. Massy Holdings rose 44 cents to close at $92 with 48,739 shares changing hands, Mayberry Jamaican Equities advanced 40 cents in closing at $13.40 with the swapping of 8,585 stock units, MPC Caribbean Clean Energy shed $10.45 to end at $96 with 195 units clearing the market. 138 Student Living popped 28 cents to $5.04 in trading 250 stocks, PanJam Investment lost $1 to close at $65, with 2,450 stocks changing hands, Portland JSX rallied 45 cents in ending at $11.95 after trading 35 units. Proven Investments dropped 42 cents to $37.58 while exchanging 3,087 shares, Sagicor Group declined $1.99 to end at $55, with 783,855 stock units clearing the market, Salada Foods fell 26 cents to close at $5.44 after 7,193 stocks crossed the market. Scotia Group fell 56 cents in ending at $37.31 in trading 65,690 shares, Seprod lost 50 cents to end at $71 in an exchange of 7,018 stock units, Supreme Ventures increased 95 cents in closing at $30.95 with the swapping of 611,885 units. Sygnus Credit Investments gained 75 cents to $14.95, with 39,084 stocks changing hands and Wisynco Group climbed 75 cents to close at $19.75 after trading 351,342 units.
In the preference segment, JMMB Group 7% preference share gained 28 cents to $2.16, with 2,299 shares crossing the market. JMMB Group 7.25% preference share climbed 40 cents to $2.68 in switching ownership of 76 stock units, JMMB Group 7.25% due 2024 preference share rallied 30 cents in closing at $2 in exchanging 120,000 units and 138 Student Living s preference share increased $3.75 in ending at $20.75 with an exchange of 63 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.