JSE Main Market falters on Monday

Trading activity dropped on Monday at the close of the Jamaica Stock Exchange Main Market, with a 29 percent decline in the volume of stocks traded and a 58 percent lower value than on Friday, after trading in 57 securities up from 52 on Friday, and ended with prices of 18 rising, 26 declining and 13 ending unchanged.
A total of 5,872,129 shares were traded for $40,649,016 down from 8,247,700 units at $96,457,587 on Friday.
Trading averaged 103,020 shares at $713,141 compared to 158,610 units at $1,854,954 on Friday and month to date, an average of 278,165 units at $1,770,403, compared with 292,089 units at $1,854,453 previously, up from October that closed with an average of 214,410 units at $1,325,907.
Wigton Windfarm led trading with 2.06 million shares for 35.1 percent of total volume followed by Transjamaican Highway with 1.17 million units for 19.9 percent of the day’s trade and Wisynco Group with 610,399 units for 10.4 percent market share.
The All Jamaican Composite Index fell 1,911.15 points to cease trading at 346,257.04, the JSE Main Index lost 2,209.15 points to conclude trading at 312,449.18 and the JSE Financial Index declined 0.64 points to end the day at 67.62.
The Main Market ended trading with an average PE Ratio of 13. 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 12 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments dropped 47 cents to end at $70.02, with 12,255 stock units crossing the market, Berger Paints advanced 29 cents to $7.44 with an exchange of 14,213 shares, Eppley lost $4.75 in closing at $28.51, with 250 stocks clearing the market. First Rock Real Estate popped $1 to close at $8 in an exchange of 8,594 units, Guardian Holdings skidded $25 and ended at $410 with investors transferring 11,983 stocks, Jamaica Producers gained 26 cents to finish at $22.30 in an exchange of 7,946 shares. Jamaica Stock Exchange fell 32 cents in closing at $9.50 with shareholders swapping 1,542 stock units, JMMB Group dipped $1.40 and ended at a 52 weeks’ low of $25.60 in switching ownership of 25,040 units, Kingston Properties declined 25 cents to end at $7 after an exchanging of 18,104 shares. Kingston Wharves shed $1.50 to close at $26.50 as 11,792 units passed through the market, Massy Holdings rose $1 to $91 with 1,170 stocks changing hands, Mayberry Jamaican Equities rallied $1.20 to close at $10.20 after 20,300 stock units were traded. MPC Caribbean Clean Energy declined 80 cents in closing at $92, with 276 shares crossing the market, NCB Financial increased $3.83 and ended at $69.83 with a transfer of 32,729 units, Pan Jamaica climbed $2.48 to end at $49.48 with stakeholders exchanging 15,814 stocks. Proven Investments shed 90 cents in closing at $22.10 in trading 4,893 stock units, Sagicor Group lost $1.10 to close at a 52 weeks’ low of $40 while were investors exchanging 9,528 shares, Salada Foods skidded 51 cents to close at $2.51 with traders dealing in 30,370 units and Seprod popped $2.94 to end at $77.95 after a transfer of 31,895 stocks.
In the preference segment, Eppley 7.25% preference share fell $1 and ended at $18 in trading 6,375 stock units and Eppley 7.75% preference share dipped $2.88 to $16.34 after an exchange of 3,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.