Trading cooled off on Tuesday on the Jamaica Stock Exchange Main Market, with a 43 percent decline in the volume of stocks traded, with the value falling 77 percent below Monday’s level, following trading in 53 securities down from 59 on Monday, with prices of 14 stocks rising, 23 declining and 16 ending unchanged.
The market closed with trading of 16,924,804 shares for $233,823,266 compared with 29,601,305 units at $1,004,348,955 on Monday.
Trading averaged 319,336 shares at $4,411,760 compared with 501,717 units at $17,022,864 on Monday and month to date, an average of 260,532 units at $2,471,058, in comparison with 257,735 units at $2,378,727 on the previous day and December with an average of 264,266 stock units at $3,755,946.
Wigton Windfarm led trading with 7.09 million shares for 41.9 percent of the volume, Transjamaican Highway followed with 4.92 million units for 29.1 percent of the day’s trade and GraceKennedy with 2.23 million units for 13.2 percent market share.
The All Jamaican Composite Index dipped 1,567.01 points to lock up trading at 361,663.02, the JSE Main Index sank 1,231.12 points to end at 324,724.69 and the JSE Financial Index fell 0.69 points to 69.44.
The Main Market ended trading with an average PE Ratio of 13.5. 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 seven stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, AS Bryden fell 50 cents in closing at $41.50 in an exchange of 4,608 shares, Berger Paints sank 44 cents to $5.57 with investors swapping 430 stocks, Caribbean Cement rose $2.25 to close at $54.70 after an exchange of 6,781 shares. GraceKennedy rallied $1.03 to end at $77.28 after investors ended trading 2,226,574 stock units, Jamaica Broilers popped 50 cents and ended at $33 as investors exchanged 17,660 shares, NCB Financial skidded 50 cents to $66.50 with a transfer of 17,158 stock units. Pan Jamaica lost 30 cents and ended at $50, with 10,100 units clearing the market, 
Proven Investments declined $2.40 to end at $22.05 and closed after 7,815 stocks were traded, Sagicor Group shed 31 cents in closing at $45.19 in trading 4,084 shares. Scotia Group dropped $1.35 to close at $40 after a transfer of 55,961 stocks, Seprod advanced 50 cents to $84.50, with 2,590 units changing hands, Supreme Ventures dipped 40 cents to close at $25.10 with an exchange of 46,328 stock units and Sygnus Credit Investments lost 36 cents to end at $10.65, with 412,910 shares crossing the market.
In the preference segment, 138 Student Living preference share sank $2 in closing at $218 with traders dealing in 9 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market trading cooled on Tuesday
January 30, 2024 by IC Insider.com
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, AS Bryden, Barita Investments, Berger Paints, Caribbean Cement, Caribbean Producers, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, General Accident, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Group, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group
About IC Insider.com
