Trading activity dropped sharply on the Jamaica Stock Exchange Main Market ended on Tuesday with the volume of stocks traded declining 22 percent and the value plunging 77 percent lower than on Monday, after 55 securities changed hands compared to 59 on Monday, with 19 rising, 22 declining and 14 unchanged.
Investors traded 8,135,336 shares for $45,729,948, down from 10,369,191 units at $197,162,179 on Monday.
Trading averaged 147,915 shares at $831,454 compared with 175,749 shares at $3,341,732 on Monday and month to date, an average of 217,724 units at $3,343,032 compared to 225,080 units at $3,607,662 on the previous day. February averaged 183,599 units at $2,160,070.
Transjamaican Highway led trading with 3.19 million shares for 39.2 percent of total volume followed by JMMB Group 7.5% with 1.43 million units for 17.6 percent of the day’s trade and Wigton Windfarm with 1.01 million units for 12.4 percent market share.
The All Jamaican Composite Index dipped 1,004.69 points to 371,172.00, the JSE Main Index fell 876.87 points to close at 327,982.93 and the JSE Financial Index slipped 0.46 points to end at 76.84.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.3 for the Main Market. The JSE Main and USD Market PE ratios incorporate ICInsider.com forecasted earnings for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows 11 stocks ending with bids higher than their last selling prices and one stock with a lower offer.
At the close, Eppley Caribbean Property Fund fell $3.40 to $41 with 1,443 shares changing hands, First Rock Real Estate fell $1.03 to end at $11.05 in an exchange of 6,550 units, GraceKennedy shed 70 cents at $82.30 as investors traded 116,378 stock units. Jamaica Broilers dipped $1.30 to $36.65 in transferring 286,378 stocks, Jamaica Producers popped $1.33 to end at $22.83 with the swapping of 21,590 stocks, JMMB Group gained 49 cents to close at $31.49 after an exchange of 21,842 stock units. 
MPC Caribbean Clean Energy dropped $19 after ending at $71 with a transfer of 104 shares, NCB Financial dipped $1.95 to $71.05 after trading 16,340 units, 138 Student Living gained 42 cents in closing at $5.44 in switching ownership of 83 stocks. Portland JSX fell $1.69 to $9.59 after 31,902 shares passed through the market, Sagicor Group shed 99 cents in closing at $49.01 with an exchange of 6,622 stock units, Scotia Group lost 47 cents to finish at $34.52 trading 4,694 units. Seprod rose $1.20 to end at $64.50 with 34,213 stocks changing hands and Wisynco Group popped 47 cents to $17.50 after transferring 9,584 units.
In the preference segment,Jamaica Public Service 7% rallied $6.04 to close at $105.99 with the swapping of 6 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Funds entering JSE Main Market sinks
March 14, 2023 by IC Insider.com
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Caribbean Producers, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group
About IC Insider.com
