JSE Main Market trading sinks

At the close of trading, the All Jamaican Composite Index dropped 2,254.10 points to 363,298.68, the JSE Main Index lost 1,843.86 points to conclude trading at 326,202.92 and the JSE Financial Index slipped 0.61 points to close at 71.95 as activity on the Jamaica Stock Exchange Main Market slumped on Wednesday, with the volume of stocks traded declining 58 percent and the value 50 percent lower than on Tuesday.
A total of just 51 securities traded, down from 58 on Tuesday, with the price of 20 rising, 22 falling and nine ending unchanged.
A total of 6,033,114 shares were traded for $83,588,030 compared to 14,463,415 units at $168,226,895 on Tuesday.
Trading averaged 118,296 shares at $1,638,981 compared with 249,369 units at $2,900,464 on Tuesday and month to date, an average of 294,080 units at $2,149,357 compared with 303,536 units at $2,176,814 on the previous day. Trading in June ended with an average of 366,795 units at $6,952,581, including trading in bonds.
Transjamaican Highway led trading with 1.21 million shares for 20 percent of total volume, followed by Sagicor Select Financial Fund with 1.06 million units for 17.6 per cent of the day’s trade and Wigton Windfarm with 765,428 units for 12.7 percent of market share.
The PE Ratio, a formula used to compute appropriate stock values, averages 13 for the Main Market. The JSE Main and USD Market PE ratios are calculated based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and 10 with lower offers.
At the close, Berger Paints climbed 37 cents to close at $7.97 with a transfer of a mere 180 shares, Caribbean Producers lost 45 cents and ended at $11 after closing with an exchange of 1,444 stock units, Eppley dipped $1 to end at $35, with 470 units crossing the exchange, First Rock Real Estate gained $1.08 in closing at $10.08 after a transfer of 28,892 stocks, Jamaica Broilers dropped 69 cents to $34.30 in an exchange of 39,168 stock units, Jamaica Producers advanced 94 cents to $20.49 in trading 30,521 stocks, JMMB Group fell 78 cents and finished at $28 after trading 11,759 units, Kingston Properties popped 79 cents to $7.49, with 1,926 shares crossing the market, Mayberry Jamaican Equities rose 34 cents to $11.85, with 300 stocks changing hands,Proven Investments increased $1.05 in closing at $22.55 in switching ownership of 1,006 units, Sagicor Group declined by a $1 and ended at at 52 weeks’ closing low of $45 with an exchange of 490,085 stock units, Sagicor Real Estate Fund rallied 50 cents to end at $8.50 as 735 shares passed through the market, Supreme Ventures shed 50 cents in closing at $28.50 while exchanging 22,292 stock units and Wisynco Group gained 38 cents to close at $17.99 after trading 19,485 stocks.
In the preference segment, Jamaica Public Service 7% fell $9.18 to close at $52.02, with 14 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.