Guardian $55 pullback on JSE Main Market


Guardian Holdings dropped $55 at the close of trading on the Jamaica Stock Exchange Main Market on Wednesday, reversing the $50 jump on Tuesday, on a day that the volume of stocks exchanged fell 12 percent, with an 86 percent higher value than on Tuesday. At the close, 56 securities crossed the exchange compared with 54 on Tuesday, with prices of 21 rising, 21 declining and 14 ending unchanged.

The market closed with 14,696,324 shares trading for $159,154,978, slipping from 16,795,256 stocks at $85,738,813 on Tuesday.
Trading averaged 262,434 shares at $2,842,053, valued at 311,023 units for $1,587,756 on Tuesday and month to date, an average of 216,563 stock units at $1,836,429, which closely aligned with 211,594 shares valued $1,727,502 on the previous day and much lower that April with an average of 1,417,136 stock units at $6,010,754.
Transjamaican Highway led trading with 6.32 million shares for 43 percent of the total volume, followed by Wigton Energy, with 2.45 million stocks for 16.7 percent of the day’s trade and Carreras with 1.14 million stock units for 7.8 percent of the day’s trade.
The All Jamaican Composite Index shed 86.43 points to close at 370,086.44, the JSE Main Index dipped 2,480.82 points to settle at 321,905.84 and the JSE Financial Index dipped 0.53 points to close at 67.58. At the close, the Investor’s Choice bid-offer indicator shows 17 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. 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 2025.
At the close of a soft market, AS Bryden shed 90 cents to end at $30 with 11 shares crossing the exchange, Caribbean Cement dropped $2.98 and ended at $83 with investors transferring 4,744 units, Caribbean Producers sank 35 cents to finish at $8 with investors dealing in 35,874 stocks. Eppley Caribbean Property Fund skidded $3 in closing at $37, with 350 shares changing hands, Guardian Holdings sank $55 to $340, with traders exchanging 317 stock units, Jamaica Producers slipped 50 cents to close at $22, with 503,445 shares passing through the market. Kingston Wharves climbed 41 cents to $29 with investors swapping 9,504 stocks, Lasco Manufacturing lost 36 cents to finish at $7.14 with 3,534 units switching owners, Margaritaville rose 40 cents and ended at $13.40 after traders exchanged 148 stock units. Mayberry Group climbed $1.30 to end at $7.48 with 3,258 shares changing hands, NCB Financial popped $2.42 in closing at $45.40 after an exchange of 875,172 stock units, 138 Student Living declined 38 cents to $3.31 with investors trading 1,808 units. Pan Jamaica increased 80 cents to $52 after a transfer of 2,265 stocks, Sagicor Group rallied $2.46 and ended at $43 with traders dealing in 23,660 units, Seprod fell 50 cents in closing at $82.50 with 13,049 stocks crossing the market and Sygnus Credit Investments dipped 77 cents to end at $11.38 as investors exchanged 653,493 shares.
In the preference segment, Eppley 7.25% gained $2.50 to finish at $20 with a mere one stock unit crossing the market and 138 Student Living preferred share rose $8.65 to close at $241.50 in trading 26 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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