JSE Main Market drops

Declining stocks pushed the Jamaica Stock Exchange Main Market down at the close of trading on Monday, after an 11 percent lower volume of stocks traded with a 6 percent greater value than on Friday, following trading in 60 securities similar to trading on Friday, with prices of 19 stocks rising, 24 declining and 17 ending unchanged.
The market closed with an exchange of 12,089,527 shares for $69,811,459 compared with 13,604,571 units at $65,580,443 on Friday.
Trading averaged 201,492 shares at $1,163,524 compared with 226,743 units at $1,093,007 on Friday and for the month to date, an average of 635,008 units at $5,838,083 down from 659,733 units at $6,104,693 on the previous day and June that ended with an average of 246,425 units at $1,945,941.
Sagicor Select Financial Fund led trading with 2.75 million shares followed by Wigton Windfarm with 2.71 million stocks and Transjamaican Highway with 2.41 million units for 19.9 percent of the day’s trade.
The All Jamaican Composite Index fell 1,392.85 points to wrap up trading at 355,199.61, the JSE Main Index sank 1,032.32 points to 313,434.61 and the JSE Financial Index gained 0.02 points to end at 66.28.
The Main Market ended trading with an average PE Ratio of 14. The JSE Main and USD Market PE ratios are based on last traded prices and ICInsider.com’s forecasted earnings for companies with financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Berger Paints rallied $1 to end at $7 with traders dealing in 3,341 stock units, Eppley declined $2.79 in closing at $35.11 in an exchange of 98 shares, Eppley Caribbean Property Fund popped $3.53 to $40.53, with 2,142 stocks crossing the market. General Accident increased 35 cents to finish at $6.70 with investors trading 11,033 units, Guardian Holdings lost $13.95 and ended at $333.05 with 6 stocks crossing the exchange, Jamaica Broilers sank 50 cents to close at $32.50 after a transfer of 238,322 units. Jamaica Producers climbed 50 cents to $25 as investors exchanged 136,219 shares, Jamaica Stock Exchange fell 30 cents to end at $11.10, with 379,670 stock units crossing the market, JMMB Group rose 71 cents $24.21 with investors exchanging 174,330 shares. Margaritaville gained $1.84 to close at $15.44 in switching ownership of 63 stock units, NCB Financial skidded $1.20 and ended at $52 with 25,396 stocks clearing the market, Pan Jamaica rallied 77 cents to $51.27 in trading 34,844 stock units. Portland JSX rose 55 cents and ended at $10.10, with 2,390 shares changing hands, Proven Investments sank $3.30 to $15.55 with investors dealing in 19,087 stock units, Scotia Group advanced $1.19 to finish at $45.19 with an exchange of 1,450 shares. Supreme Ventures shed $1 in closing at a 52 weeks’ low of $22 with investors swapping 136,342 stocks following the release of half year results that showed profit falling from $1.7 billion to $1.3 billion and the June quarter declining from $995 million to just $480 million and the Wisynco Group dropped 49 cents to close at $20.49 after an exchange of 253,100 units.
In the preference segment, Eppley 7.25% preference share dropped $2.79 to end at $17.01 after 5,700 stocks passed through the market, 138 Student Living preference share slipped $6.75 in closing at $148.50 after trading of 3 shares and Sygnus Credit Investments C10.5% lost $7.48 to close at $100.50 with an exchange of 90 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.