JSE Main Market tumbles


Declining stocks overpowered the Jamaica Stock Exchange Main Market on Wednesday, following trading in 54 securities, down from 57 on Tuesday, with prices of only 15 rising, 27 declining and 12 ending unchanged. Trading ended with a 13 percent fall in volume traded, with the value plunging 73 percent compared to Tuesday.

The market closed with 13,412,274 shares trading for $76,787,661, in tumbling from 15,472,970 stocks at $286,825,909 on Tuesday.
Trading averaged 248,375 shares at $1,421,994, down from 271,456 stocks at $5,032,033 on Tuesday and month to date, an average of 330,520 units at $3,406,316, a decline from 339,723 shares at $3,628,626 on the previous day and March with an average of 244,194 stock units at $3,119,428.
QWI Investments led trading with 5.55 million shares for 41.4 percent of total volume, followed by Transjamaican Highway, with 1.91 million stocks for 14.2 percent of the day’s trade and Jamaica Producers with 1.0 million units for 7.5 percent of the day’s trade.
The All Jamaican Composite Index sank 3,012.35 points to conclude trading at 394,396.84, the JSE Main Index dropped 3,012.61 points to 334,833.27 and the JSE Financial Index slipped 0.19 points to 62.05. At the close, the Investor’s Choice bid-offer indicator shows 18 stocks ending with bids higher than their last selling prices and two with lower offers.
The Main Market ended trading with an average PE Ratio of 19.9 . 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 of the market, Berger Paints lost 40 cents to end at a 52 weeks low of $4.75 following  the trading of 130,576 shares, Eppley Caribbean Property Fund slipped $2.49 to close at $42 after investors swapped 113 stocks, General Accident fell 88 cents in closing at $5.62 with investors dealing in 8,799 shares. Guardian Holdings shed $1 and ended at $319 in an exchange of 822 stock units, Jamaica Producers increased $1.04 to finish at $23.55 with investors swapping 1,000,270 units, Kingston Properties sank 58 cents to end at $12 in switching ownership of 4,729 stocks. Margaritaville popped 90 cents to $12.15, following trading of just 10 units, Mayberry Jamaican Equities skidded 81 cents to $6.58 with 58,876 shares crossing the exchange, NCB Financial sank 99 cents to close at $44.01 with traders dealing in 16,952 stock units. Proven Investments dropped 80 cents to end at $12.20 with 247 shares crossing the market, Seprod declined $4.99 and ended at $78 with investors trading 2,758 stocks, Supreme Ventures advanced 81 cents to finish at $15.30 with 358,323 units clearing the market and West Indies Petroleum dipped 48 cents and ended at $10.62 in trading 23,553 stock units.
In the preference segment, Sygnus Credit Investments 10% sank $3.50 to $105.50 after an exchange of 408 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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