JSE Main Market drops

Market activity on the Jamaica Stock Exchange Main Market ended on Tuesday, with the volume of stocks traded declining 34 percent, with a 73 percent lower value than on Monday, with the number of securities trading remaining at 59 as was the case on Monday, with price of 25 rising, 22 declining and 12 ending unchanged.
A total of 7,679,692 shares were exchanged for $60,706,599 down from 11,569,694 units at $225,929,693 on Monday.
Tuesday’s trading averaged 130,164 units at $1,028,925, compared to 196,097 shares at $3,829,317 on Monday and month to date, an average of 163,130 units at $2,429,121. September closed with an average of 533,719 units at $5,494,282.
Wigton Windfarm led trading with 1.98 million shares for 25.7 percent of total volume followed by Transjamaican Highway with 1.51 million units for 19.7 percent of the day’s trade and Radio Jamaica with 1.50 million units for 19.5 percent market share.
The All Jamaican Composite Index dropped 4,027.86 points to 410,104.57, the JSE Main Index declined 1,429.05 points to 359,272.56 and the JSE Financial Index fell 1.37 points to settle at 86.45.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.8 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 eight stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments shed $7.92 in ending at $98.48, with 22,207 shares crossing the market, Berger Paints fell 49 cents in closing at $10.56 with investors transferring 352 stocks, Caribbean Cement dipped $3.28 to end at $58.22 in trading 42,616 units. First Rock Real Estate rallied $1.05 to $13 after trading 7,164 stock units, GraceKennedy rose 50 cents to close at $89 in switching ownership of 118,717 stock units, Guardian Holdings fell $10 to $500 after an exchange of 10 units. Jamaica Broilers dropped 50 cents in closing at $29.50 after trading 7,789 shares, Jamaica Producers declined $1.89 to close at $19 in an exchange of 26,522 stocks, Jamaica Stock Exchange fell $1.25 to $15.23, with 14,049 shares changing hands. JMMB Group lost $2.05 in ending at $38.45 as investors exchanged 241,616 stocks, Kingston Properties gained 59 cents to end at $7.40 while exchanging 15,371 units, Kingston Wharves popped $3.85 to $39, with 8,777 stock units crossing the market. Massy Holdings advanced $6.45 to end at $86.45 with the swapping of 1,237 stocks, 138 Student Living declined 46 cents in closing at $5.40 after exchanging 15,578 stock units, Palace Amusement climbed $50 to close at $800 with an exchange of one unit. PanJam Investment dropped 90 cents to end at $59, with 26,233 shares changing hands, Portland JSX shed $1.45 to close at $9.05 after trading 8 shares, Proven Investments increased $1.17 to $31.19 with a transfer of 968 stock units. Sagicor Group dipped $2.27 in closing at $51.21 after 2,613 units crossed the exchange, Scotia Group increased $1.65 to $36.35 while exchanging 106,603 stocks, Seprod dropped $1.49 to $66.01 with 7,675 stock units clearing the market. Sygnus Real Estate Finance gained 70 cents in closing at $10 while exchanging 1,694 stocks, Wisynco Group advanced 85 cents to $18.35 with the swapping of 222,018 units.
In the preference segment, Eppley 5% preference share lost $3.15 to end at a 52 weeks’ high of $17.85 in switching ownership of 211 stock units, Eppley 7.50% preference share rose 70 cents ending at $7.74 while exchanging 310 units, Jamaica Public Service 9.5% popped $100 in closing at $3000 as investors exchanged one share,  Productive Business Solutions 9.75% preference share declined $3.63 to close at $136.37 with an exchange of two stocks and Transjamaican Highway 8% climbed 70 cents to close at $2.40 with investors transferring 74 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.