Trading activities dropped on the Jamaica Stock Exchange Main Market on Tuesday, with the volume of stocks traded declining 28 percent, with a 57 percent lower value compared to Monday, following trading in 55 securities compared with 60 on Monday, with prices of 19 rising, 24 declining and 12 ending unchanged, but this bias towards declining stocks did not prevent the main market indices from rallying.
The market closed with investors exchanging 9,270,119 shares, with a value of $65,463,179 compared to 12,952,559 stocks with a value of $151,066,529 on Monday.
Trading averaged 168,548 shares at $1,190,240 down from 215,876 stocks at $2,517,775 on Monday and month to date, an average of 294,941 stock units at $2,517,174 compared with 301,865 shares at $2,589,865 on the previous day and March with an average of 244,194 stock units at $3,119,428.
Transjamaican Highway led trading with 4.31 million shares for 46.5 percent of total volume, followed by JMMB Group 7.35% – 2028, with 862,318 units for 9.3 percent of the day’s trade and Wigton Energy with 849,212 stocks for 9.2 percent of the volume traded.
The All Jamaican Composite Index rose 1,835.23 points to settle at 404,374.86, the JSE Main Index advanced 2,428.38 points to 343,849.53 and the JSE Financial Index rose 0.88 points to 64.52. At the close, the Investor’s Choice bid-offer indicator shows 15 stocks ending with bids higher than their last selling prices and none with a lower offer.
The Main Market ended trading with an average PE Ratio of 20.5. The JSE Main and the 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 2026.
At the close of trading activities, Barita Investments rose 50 cents to $69 after an exchange of 1,695 shares, Caribbean Cement dropped $1 to $99 with investors trading 74,113 units, General Accident declined by 90 cents to close at $5.10, with an exchange of 26,987 stocks. GraceKennedy rose 50 cents to $70.50 after trading 24,342 shares, Guardian Holdings fell $8 in closing at $330 with an exchange of 115 stock units, Jamaica Stock Exchange popped 60 cents to finish at $12.80 after 14,870 shares passed through the market. JMMB Group climbed 48 cents to $16.40 in switching ownership of 46,621 units, Lasco Manufacturing skidded 83 cents to close at $6.21, with 220,436 stocks clearing the market, Massy Holdings lost $1 and ended at $71 with an exchange of 1,022 stock units. Mayberry Jamaican Equities slipped 73 cents to finish at $6.51, with 61,846 shares changing hands, MPC Caribbean Clean Energy increased 51 cents in closing at $37 as investors exchanged 100 stock units,
138 Student Living sank 52 cents to end at $2.85, with 169,591 stocks crossing the market. Scotia Group rallied $1 to $52 in an exchange of 12,074 units, Seprod dipped $1 and ended at $78, with 2,647 stocks crossing the market and Sygnus Real Estate Finance declined $1.70 in closing at $9 with investors trading 3,740 units.
In the preference segment, Jamaica Public Service 7% gained $1.43 to end at $32.50 after an exchange of 45 shares, 138 Student Living preference share shed $4 to finish at $220, following trading in 12 stock units and Productive Business Solutions 10.5% rose $5 to close at $1085 after an exchange of 50 shares.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.