JMMB preferred share tops Main Market  


Trading on the Jamaica Stock Exchange Main Market ended on Thursday, with JMMB Group 10% Preference shares capturing 179.48 million or 91 percent of all the shares traded with a value of $357 million, pushing the volume of stocks traded in the Main Market soaring 566 percent, with the value jumping 275 percent over Wednesday, following trading in 59 securities similar to Wednesday, with prices of 24 rising, 19 declining and 16 ending unchanged.

The market closed with 197,123,972 shares being traded with a value of $470,952,289, markedly more than the 29,612,887 stocks with a value of $125,457,922 on Wednesday.
Trading averaged 3,341,084 shares at $7,982,242, far above the 501,913 stocks at $2,126,405 on Wednesday. Trading for the month to date, ended with an average of 759,398 units at $18,609,971 compared with 607,987 shares at $19,233,267 on the the prior day and February that ended with an average of 405,332 stock units at $1,953,730.
JMMB Group 10% preferred shares led trading with 179.48 million shares for 91.1 percent of total volume followed by Wigton Energy which ended with 8.50 million stocks for 4.3 percent of the day’s trade, Transjamaican Highway closed with 3.78 million stock units for 1.9 percent of the volume traded, Sterling Investments ended with 1.18 million share for 0.6 percent of the stocks traded and Kingston Wharves with 1.0 million stocks for 0.5 percent of market share.
The All Jamaican Composite Index shed 181.27 points to end at 376,545.07, the JSE Main Index fell 510.35 points to 324,484.66 and the JSE Financial Index dipped 0.32 points to conclude trading at 67.45. The Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and eight with lower offers.
The Main Market ended trading with an average PE Ratio of 15.2. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings per share  forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close of the market, AS Bryden sank $1.50 in closing at $28 with a transfer of 95 shares, Berger Paints dipped 49 cents to $7.45 with 1,248 stocks passing through the market, Caribbean Cement climbed 89 cents to end at $83.89 in trading 5,933 shares. Caribbean Producers sank 55 cents to finish at $8.30 with 25,952 stock units crossing the market, Eppley Caribbean Property Fund rose $1.50 and ended at $39 after a transfer of 6 shares, First Rock Real Estate gained $1 to close at $9.40 with 238 stocks switching owners. GraceKennedy shed 60 cents to close at $72.40 with trading in 20,432 units, Jamaica Broilers declined $5.08 to close at $30.25 in an exchange of 93,526 stock units, following the release of third quarter results that resulted in a loss for the quarter and dragging down the year to date profits to just $1.06. Jamaica Producers fell 40 cents to finish at $24, with 268,244 shares changing hands. Kingston Properties popped 42 cents and ended at $9.62 as investors exchanged 202,852 units, Mayberry Group slipped 92 cents in closing at $7.02 with 4,657 stocks changing hands, MPC Caribbean Clean Energy lost $1 to end at a 52 weeks’ low of $64 with an exchange of 150 stock units. Pan Jamaica advanced $1 to $58 with 187,300 shares crossing the market, Proven Investments increased 50 cents to close at $17.50 in an exchange of 551,820 stocks, Scotia Group rallied $1 to end at $55 with traders dealing in 143,899 units. Seprod dropped $1.50 in closing at $88 after an exchange of 3,531 stock units, Supreme Ventures popped 50 cents and ended at $21.50 with investors trading 52,463 shares and Wisynco Group advanced $1.09 to finish at $22.29 after an exchange of 119,827 stock units.
In the preference segment, Eppley 7.25% preference share rose 74 cents to $19.24 with investors dealing in 956 stocks, 138 Student Living preference share skidded $30 to end at $200 with 300 units crossing the exchange and Sygnus Credit Investments C10.5% sank $1 in closing at $100 with investors trading 579 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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