JMMB preferred tops JSE Main Market trades


JMMB Group 10% preferred shares accounted for 35 percent of the volume traded on the Jamaica Stock Exchange Main Market on Wednesday, with the volume of stocks more than doubling trading on Tuesday, with the value being just over one and a half as high, following trading in 59 securities down from 60 on Tuesday, with prices of 28 advancing, 14 declining and 17 ending unchanged, while Scotia Group and Wisynco traded x-dividend.

The market closed after an exchange of 29,612,887 shares valued at $125,457,922, doubling the 14,713,604 stock units at $82,057,557 on Tuesday.
Trading averaged 501,913 shares at $2,126,405, up from 245,227 stocks at $1,367,626 on Tuesday. Month to date, the average ends at 607,987 units at $19,233,267, slightly lower than the 614,596 shares valued $20,299,059 on the previous day, up from February, with an average of 405,332 stock units at $1,953,730.
JMMB Group 10% preferred shares led trading with 10.42 million shares accounting for 35.2 percent of total volume, followed by Wigton Energy with 7.78 million stocks for 26.3 percent of the day’s trade, Transjamaican Highway closed with 4.40 million stock units for 14.9 percent of the volume traded and Palace Amusement with 2.55 million shares for 8.6 percent of market share.
The All Jamaican Composite Index dropped 2,002.36 points to end at 376,726.34, the JSE Main Index shed 680.33 points to conclude trading at 324,995.01 and the JSE Financial Index slipped 0.04 points to settle at 67.77.
The Investor’s Choice bid-offer indicator shows 11 stocks ending with bids higher than their last selling prices and four with lower offers.
Trading on he Main Market ended with an average PE Ratio of 15.2. The JSE Main and 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 the market, AS Bryden rallied $1.50 to $29.50 after an exchange of 3,958 stock units, Berger Paints rose 79 cents to close at $7.94 after with the trading of 748 shares, Eppley Caribbean Property Fund lost 79 cents and ended at $37.50 with 789 units crossing the market. GraceKennedy gained 50 cents to end at $73 in an exchange of 5,436 stocks, Guardian Holdings popped $12 in closing at $307 with investors trading a mere one share, Massy Holdings shed $2 to finish at $78 with 20,270 units crossing the market. Proven Investments declined $1.49 to $17, with trading in 605,840 stocks, Sagicor Group advanced 85 cents to close at $43 with 7,377 stock units clearing the market, Scotia Group trading x-dividend increased by $1 to end at $54, with investors swapping 37,525 shares. Seprod climbed $4.48 in closing at $89.50 with 10,734 stock units switching owners, Stanley Motta increased 89 cents and ended at $6.84 with investors trading 1,456 stocks and Supreme Ventures climbed 82 cents to finish at $21 after a transfer of 111,274 units.
In the preference segment, Jamaica Public Service 7% rose $3.55 and ended at $45 and closed with 11 stocks being traded and Sygnus Credit Investments C10.5% advanced 79 cents to $101 as investors exchanged just one unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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