Stocks gave back a significant portion of Monday’s gain on the Jamaica Stock Exchange Main Market at the end of market activity on Tuesday, following trading in in 56 securities compared with 59 on Monday, with prices of only 12 rising, 33 declining and 11 ending firm, with the volume of stocks traded declining 73 percent and the value 70 percent lower than the prior day.
The All Jamaican Composite Index dipped 4,571.03 points to 363,295.51, the JSE Main Index fell 3,350.89 points to 313,962.09 while the JSE Financial Index dropped 0.60 points to 65.14. At the close, the Investor’s Choice bid-offer indicator shows nine stocks ending with the bids higher than their last selling prices and six with lower offers.
The market closed with 8,944,979 shares trading with a value of $61,640,185 compared with 33,243,094 stock units at $207,945,862 on Monday.
Trading averaged 159,732 shares at $1,100,718 compared to 563,442 shares at $3,524,506 on Monday, compared to June with an average of 183,242 stock units at $1,532,211.
Transjamaican Highway led trading with 3.64 million shares for 40.6 percent of the total volume, followed by Sagicor Select Manufacturing & Distribution Fund ended with 1.78 million units for 19.9 percent of the day’s trade and Innovative Energy with 571,848 stocks for 6.4 percent market share.
The Main Market ended trading with an average PE Ratio of 13.6. The JSE Main and the USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close, AS Bryden dropped $4 to close at a 52 week low of $20, with 20,000 shares crossing the market, Caribbean Cement sank $6.80 to $81.20, with investors dealing in 817 stock units, Eppley skidded 50 cents to close at $32, with 1,472 shares being traded. Eppley Caribbean Property Fund increased by $3.47 to finish at $41.97, with 101 stocks changing hands. GraceKennedy lost $1 and ended at $72 after 36,036 shares passed through the market, Guardian Holdings popped $6.37 to end at $314.37 as investors exchanged 219 units. JMMB Group dipped $1.40 in closing at $20 in trading 27,749 stocks, Massy Holdings sank 50 cents to $77 after a transfer of 25,342 shares, Mayberry Group slipped 69 cents and ended at $7.70, with 908 stock units crossing the market. Pan Jamaica fell $1.99 to finish at $52 with a transfer of 30,363 shares, Sagicor Group shed $1.30 to close at $41 with investors swapping 152,496 stock units, Seprod declined $2.20 to end at $81, with 37,050 shares crossing the exchange. Supreme Ventures lost $2.20 in closing at $19, with investors trading 480,971 units and Sygnus Credit Investments skidded 43 cents to $12.95 after an exchange of 37,888 shares.
In the preference segment, Eppley 7.25% preference share sank 79 cents and ended at $18.50 in trading 1,000 stocks. Jamaica Public Service 7% advanced $1.67 to finish at $43.25 in an exchange of 592 units and 138 Student Living preference share dropped $6.25 to close at $217 with traders dealing in 2 stock units.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.