Stock prices dropped at the close of the Jamaica Stock Exchange Main Market on Monday, after trading of 64 securities, up from 59 on Friday, with prices of just 18 rising, 31 declining, and 15 ending unchanged. Trading finished with a 35 percent rise in the volume of stocks traded at a marginally lower value compared to Friday.
On a day of below-average trading, that closed with an exchange of 13,515,579 shares at $63,554,888 compared to 9,985,799 stock units at $64,681,027 on Friday.
Trading averaged 211,181 shares at $993,045 compared to 169,251 stock units at $1,096,289 on Friday and month to date, an average of 191,068 units at $1,042,568, up from 169,251 shares at $1,096,289 on the previous trading day and below December with an average of 395,435 stock units at $4,321,753.
Sagicor Select Manufacturing & Distribution Fund led trading with 3.13 million shares for 23.2 percent of total volume followed by Radio Jamaica with 3.10 million stocks for 22.9 percent of the day’s trade, Transjamaican Highway closed with 2.18 million stocks for 16.1 percent of the volume traded, Supreme Ventures contributed 1.58 million units for 11.7 percent of the overall trades and Sagicor Select Financial Fund with 1.04 million units for 7.7 percent of market share.
The All Jamaican Composite Index dropped 3,694.26 points to 363,505.90, the JSE Main Index dived 4,212.23 points to wrap up trading at 315,271.70 and the JSE Financial Index sank 2.00 points to finish at 62.25. At the close, the Investor’s Choice bid-offer indicator shows 14 stocks ending with bids higher than their last selling prices and one with a lower offer.
The Main Market ended trading with an average PE Ratio of 14.1. 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 2026.
At the close on a day of mostly negative price changes, AS Bryden sank $2.36 to finish at $31, with 2,238 shares clearing the market, Barita Investments rose $1.15 and ended at $71 after a transfer of 1,189 stock units, Berger Paints fell 86 cents to $5.34 after trading of 7,652 shares. Carib Cement dropped 50 cents to $105.50, after 9,625 stock units passed through the market, First Rock Real Estate climbed 41 cents to $10.50, with investors swapping 800 units, GraceKennedy sank 47 cents in closing at $72.50, with 30,701 shares crossing the market. Jamaica Producers skidded $1.68 to $22.20 with a transfer of 878 units, Jamaica Stock Exchange lost 92 cents to end at $11 as investors exchanged 49,819 stocks, JMMB Group declined $1.20 in closing at $18, with 36,205 stock units crossing the market. Margaritaville shed 44 cents to close at $11.54 with investors dealing in 85 shares, Mayberry Group popped 66 cents and ended at $7.66 in an exchange of 606 stocks, MPC Caribbean Clean Energy dropped $2 to finish at $45, with 67 units changing hands.
NCB Financial slipped 75 cents to $39 with an exchange of 55,965 stock units, Pan Jamaica advanced $6 to end at $51, after closed with 3,509 shares changing hands, Proven Investments sank 49 cents in closing at $15.50 with investors trading 982 stock units. Scotia Group dropped 55 cents and ended at $52.45 after an exchange of 42,504 units, Seprod rallied 71 cents to close at $83.91 with investors trading 12,109 stocks, Supreme Ventures lost $1 to finish at $15.49 after an exchange of 1,583,115 units and West Indian Petroleum increased 64 cents and ended at a record high of $2.59 in trading a mere one share.
In the preference segment, 138 Student Living preference share dipped $35.99 to $214, after 23 stocks crossed the exchange and Productive Business Solutions 10.5% sank $171.75 to end at $973.25 with traders dealing in 100 stock units.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.