JSE Main Market stocks fall

Trading on the Jamaica Stock Exchange Main Market ended on Monday, with the volume of stocks traded rising 27 percent and the value 99 percent more than on Friday, with trading in 60 securities compared with 58 on Friday, with prices of 15 stocks rising, 27 declining and 18 ending unchanged.
The market closed with 30,745,022 shares trading for $197,877,221 up from 24,192,561 units at $99,647,338 on Friday.
Trading averaged 512,417 shares at $3,297,954 compared to 417,113 units at $1,718,058 on Friday and month to date, an average of 1,790,475 units at $2,930,865 compared with 2,008,326 stocks at $2,868,293 on the previous day and February with an average of 385,143 units at $3,418,046.
Transjamaican Highway led trading with 9.01 million shares for 29.3 percent of total volume followed by Wigton Windfarm with 6.94 million units for 22.6 percent of the day’s trade, Jamaica Stock Exchange ended with 5.0 million units for 16.3 percent market share, JMMB 9.5% preference share with 3.61 million units for 11.7 percent total Main market trading and Wisynco Group with 1.07 million units for 3.5 percent of total volume.
The All Jamaican Composite Index plunged 5,470.97 points to end at 366,963.57, the JSE Main Index sank 3,675.03 points to 328,753.40 and the JSE Financial Index lost 0.98 points to settle at 69.77.
The Main Market ended trading with an average PE Ratio of 13.8. 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 nine with lower offers.
At the close, Caribbean Cement dipped $1 and ended at $56 in an exchange of 671,095 stocks, Caribbean Producers lost 30 cents to close at $9.70 after trading 2,211 units, Carreras climbed 44 cents in closing at $8.94, with 183,671 shares crossing the exchange. Eppley popped $7.76 to close at $41.97 with investors swapping just one stock unit, GraceKennedy skidded $1.17 to end at $74.07 after an exchange of 260,623 shares, JMMB Group fell 60 cents to $26.70 with investors transferring 57,396 stock units. Kingston Properties dropped 49 cents in closing at $7.01 with 1,000 stocks clearing the market, Kingston Wharves shed $2.50 and ended at $31 while exchanging 5,162 units, Margaritaville increased $1.74 to close at $15.99 after 1,367 stocks passed through the market. NCB Financial declined $1.55 to end at $67 with investors dealing in 25,709 units, 138 Student Living advanced 57 cents in closing at $3.60, with 100,092 shares changing hands, Pan Jamaica rose 46 cents to $46.56 and closed after 5,548 stock units changed hands. Portland JSX sank 30 cents to close at $10.50 in an exchange of 1,001 shares, Proven Investments gained 73 cents to end at $24.49 with traders dealing in 101,426 stocks, Sagicor Group skidded 50 cents and ended at $40, with 37,170 units crossing the market. Sagicor Real Estate Fund fell 75 cents to $7.25 after an exchange of 950,572 stock units, Scotia Group sank $1.98 to close at $44.02 in trading 67,102 shares and Seprod dipped $4.90 in closing at $85 after 19,924 stocks crossed the market.
In the preference segment, JMMB Group 7% preference share lost 48 cents to end at $2.75 with a transfer of 204 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.