JSE almost steady

Market activity on the Jamaica Stock Exchange Main Market ended on Monday, with the volume of stocks traded declining 10 percent and 49 percent lower than on Friday, following the trading of 62 securities compared to 57 on Friday, with 21 rising, 26 declining and 15 ending unchanged.
A total of 8,665,395 shares were traded at $81,164,850 down from 9,582,712 units for $160,269,027 on Friday.
Trading averaged 139,764 units at $1,309,110 versus  shares at $2,811,726 on Friday and month to date an average of 233,560 units at $2,413,179, compared to 248,548 units at $2,589,602 on the previous trading day. August closed with an average of 738,534 units at $5,975,613.
Sagicor Select Financial Fund led trading with 2.49 million shares for 28.7 percent of total volume followed by Wigton Windfarm with 1.73 million units for 20 percent of the day’s trade and Transjamaican Highway ended with 1.05 million units for 12.1 percent market share.
The All Jamaican Composite Index dipped 259.54 points to 408,336.64, the JSE Main Index fell 67.18 points to 357,751.72 and the JSE Financial Index fell 0.40 points to settle at 85.06.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.5 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments popped $2.95 to $89.95 after exchanging 202,553 shares, Caribbean Cement dipped 49 cents to $61.50, with 11,724 stocks clearing the market, GraceKennedy shed 49 cents to $94 after 23,588 stock units changed hands. Jamaica Broilers dropped $1.50 to close at $28.50 after trading 24,102 units, Jamaica Producers lost 40 cents to end at $20, with 5,356 units crossing the exchange, Jamaica Stock Exchange fell $1.62 to $15.60 after the swapping of 8,901 shares. JMMB Group declined 45 cents to close at $41.05 after a transfer of 151,986 stocks, Kingston Wharves dipped 94 cents to $36.51 in an exchange of 247 stock units, Mayberry Investments declined 80 cents to end at $7.65 as investors exchanged 115,231 shares. MPC Caribbean Clean Energy shed $1.50 in closing at $83.50 with investors transferring one stock unit, Palace Amusement fell $3.82 to end at $900 after 10 stocks were traded, PanJam Investment rallied $1 to close at $6, with 2,215 units changing hands. Portland JSX increased 91 cents in closing at $9.91 after 80 stock units crossed the market, Sagicor Group climbed 75 cents to $51.50 with an exchange of 519,209 stocks, Sygnus Credit Investments lost 47 cents ending at $13.25 with the swapping of 8,763 units and Sygnus Real Estate Finance dropped $1 to close at $9 with a transfer of 41,375 shares.
In the preference segment, Eppley 5% preference share advanced $1.69 to $21.89 in trading 5 units, 138 Student Living preference share dropped $1 in closing at $61 in switching ownership of 62 stocks and Productive Business Solutions 9.75%  preference share declined $5 to end at $145 while exchanging 304 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.