JSE Main Market falls into weekend

Trading on the Jamaica Stock Exchange Main Market ended on Friday, with the volume of stocks traded declining 9 percent and the value jumping 68 percent over trading on Thursday, following trading in 52 securities as was the case on Thursday, and ended with prices of 19 stocks rising, 16 declining and 17 ending unchanged.
A total of 8,247,700 shares were traded for $96,457,587 versus 9,049,895 units at $57,441,768 on Thursday.
Trading averaged 157,610 shares at $1,854,954 versus 174,036 units at $1,104,649 on Thursday and month to date, an average of 292,089 units at $1,854,453, compared with 302,526 units at $1,854,414 on the previous day. October closed with an average of 214,410 units at $1,325,907.
Sagicor Select Financial Fund led trading with 1.35 million shares for 16.5 percent of total volume followed by Wigton Windfarm with 1.01 million units for 12.3 percent of the day’s trade and Transjamaican Highway with 888,809 units for 10.8 percent market share.
The All Jamaican Composite Index declined 1,958.70 points to end at 348,168.19, the JSE Main Index skidded 615.77 points to finish at 314,658.33 and the JSE Financial Index dropped 0.75 points to 68.26.
The Main Market ended trading with an average PE Ratio of 12.8. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
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, Berger Paints climbed $1.15 to end at $7.15 in an exchange of a mere 10 stock units, Caribbean Cement fell lost 94 cents to $50, with 17,396 shares clearing the market, First Rock Real Estate dipped 85 cents and ended at $7 as investors exchanged 9,000 stocks. General Accident gained 60 cents in closing at $5.15 with a transfer of 1,424 units, GraceKennedy popped $1.11 to close at $74 with stakeholders exchanging 44,445 shares, Guardian Holdings gained $22.50 to close at $435, with a mere 2 stock units crossing the market. Jamaica Stock Exchange rose 39 cents and ended at $9.82 after an exchange of 80,721 stocks, Key Insurance rallied 35 cents to end at $2.25, with 120 units crossing the market, Kingston Wharves advanced $1.98 in closing at $28 after an exchange of 12,121 stocks. Mayberry Investments rose 31 cents to close at $8.16 after 6,324 units passed through the market, Mayberry Jamaican Equities fell $1.24 to $9, with 70,300 shares changing hands, NCB Financial declined $4 to end at $66 with an exchange of 433,935 stock units. Proven Investments advanced 98 cents in closing at $23 after trading 3,225 shares, Sagicor Group shed $1 to close at $41.10, with 466,034 stocks crossing the exchange, Scotia Group popped 50 cents and ended at $34 with investors dealing in 30,975 units and Wisynco Group rallied 50 cents to $19.60 while exchanging 11,521 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.