JSE Main Market skids in heavier trading


Trading on the Jamaica Stock Exchange Main Market closed on Thursday with trading in 59 securities compared to 54 on Wednesday and closed with falling prices overwhelming rising one nearly two to one, with prices of 17 stocks rising, 27 falling and 15 ending unchanged. By the close, investors pumped in 515 percent more money into the market, pushing the volume of stocks trading up a solid 303 percent from Wednesday, including Wigton Energy, that accounted for 58 percent of the volume.

The market closed with 21,472,293 shares traded worth $158,528,037, significantly above 5,328,869 stocks at $25,786,180 on Wednesday.
Trading averaged 363,937 shares at $2,686,916, steeply more than the 98,683 units at $477,522 on Wednesday and for the month to date, an average of 188,111 units valued at $1,508,361 compared to 151,455 shares at $1,262,655 on the previous day and April with an average of 1,417,136 stock units at $6,010,754.
Wigton Energy led trading with 12.43 million shares for 57.9 percent of total volume, followed by Transjamaican Highway, with 2.88 million stock units for 13.4 percent of the day’s trade and Sagicor Select Financial Fund with 1.16 million units for 5.4 percent of the day’s trade.
The All Jamaican Composite Index fell 2,211.66 points to wrap up trading at 370,532.49, the JSE Main Index dropped 2,055.72 points to 322,360.49 and the JSE Financial Index slipped 0.55 points to close at 67.44. At the close, the Investor’s Choice bid-offer indicator shows 13 stocks ending with bids higher than their last selling prices and 10 with lower offers.
The Main Market ended trading with an average PE Ratio of 13.3. 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 of the market, AS Bryden fell $2 to $30 with investors trading 1,332 shares, Caribbean Cement lost $1.80 in closing at $84.20 with 713,766 units crossing the market, Caribbean Producers climbed 40 cents and ended at $8.40 with investors trading 4,669 shares. Eppley Caribbean Property Fund declined $4.95 to end at $34.50 with 861 stock units changing hands, Guardian Holdings shed $4 to finish at $340 with dealers trading 314 stocks, Jamaica Broilers sank 88 cents to close at $29.10 with 4,408 units crossing the market. Jamaica Stock Exchange dipped 50 cents to $12 with traders switching ownership of 100,389 shares, JMMB Group sank 60 cents to end at $20.10 with 265,152 stock units passing through the market, Margaritaville dropped $1.20 in closing at $10 after an exchange of 2,241 stocks. Massy Holdings rose $1 to finish at $79 with investors swapping 264 shares, Mayberry Group slipped 45 cents and ended at $7 with 951 stock units crossing the exchange, NCB Financial skidded $1.04 to close at $45.51 with investors trading 79,833 stocks. 138 Student Living sank 42 cents to $3.25 after an exchange of 58 units, Pan Jamaica dipped $3.47 in closing at $50.01 with a transfer of 121,891 shares, Seprod sank 94 cents to close at $81.06 with sellers clearing 31,721 units in the market. Sygnus Real Estate Finance slipped $1.24 and ended at $8.10 with an exchange of 11,392 stocks and Wisynco Group lost 80 cents to end at $20.50 with investors trading 614,956 stock units.
In the preference segment, Jamaica Public Service 9.5% rallied $2 to finish at $2,690 after a transfer of 9 shares. 138 Student Living preference share skidded $4.95 and ended at $200.50 in trading 71 stock units, Productive Business Solutions 10.5% preference share increased $5 to $1,050, after closing with 200 units changing hands, Sygnus Credit Investments 10% popped $3 to finish at $104 with traders dealing in 10 stocks and Sygnus Credit Investments C10.5% fell $5 to close at $95 in an exchange of 11,201 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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