Jump in dollars entering the JSE Main Market

Declining stocks overpowered rising ones in trading on the Jamaica Stock Exchange Main Market on Thursday, with trading in 57 securities compared with 58 on Wednesday and resulting in prices of 19 rising, 26 declining and 12 ending unchanged as the volume of stocks traded declined 39 percent but with the value jumping 108 percent more than on Wednesday,
A total of 7,516,087 shares were traded for $111,267,823 versus 12,287,636 units at $53,452,673 on Wednesday.
Trading averaged 131,861 shares at $1,952,067 versus 211,856 shares at $921,598 on Wednesday and month to date, an average of 153,983 units at $1,614,887, compared with 157,781 units at $1,556,998 on the previous day. October closed with an average of 214,410 units at $1,325,907.
Transjamaican Highway led trading with 1.60 million shares for 21.2 percent of total volume, followed by Sagicor Select Financial Fund with 1.47 million units for 19.5 percent of the day’s trade and Carreras with 1.42 million units for 18.9 percent of the day’s trade.
The All Jamaican Composite Index lost 930.59 points to settle at 349,141.60, the JSE Main Index skidded 521.94 points to close at 313,565.25 and the JSE Financial Index dipped 0.43 points to end at 68.84.
The Main Market ended trading with an average PE Ratio of 12.1. 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 four with lower offers.
At the close, Barita Investments fell 95 cents and ended at $70.05 after an exchange of 7,809 stocks, Caribbean Cement gained $1.34 to close at $50.93 after trading ended with an exchange of 13,244 units, Eppley declined 62 cents to close at $33.33 after 196 shares were traded. Eppley Caribbean Property Fund dropped $4.05 to end at $36 after trading 31,239 stock units, Guardian Holdings rose $18 in closing at $438 after a transfer of 130 shares, Kingston Wharves lost $1.27 to finish the day at $27.71, with 13,232 stock units crossing the market. Mayberry Investments advanced 80 cents to end at $7.90 with an exchange of 52,843 units, MPC Caribbean Clean Energy popped $7.36 in closing at $80.87 after 24 stocks passed through the market, NCB Financial dipped $1.99 and ended at $65 in switching ownership of 16,490 units. Pan Jamaica skidded 95 cents to close at $49.50 with shareholders swapping 72,815 stocks and Seprod rallied $3 to $78 in an exchange of 928,228 shares.
In the preference segment, Jamaica Public Service 7% increased 35 cents to close at $42, with investors dealing in 1,031 stock units. Jamaica Public Service 9.5% climbed $100 and ended at $2900 with three shares crossing the exchange, JMMB Group 7% preference share increased 45 cents to $2.45 with investors transferring 59 stock units and Productive Business Solutions 9.75% preference share popped $1 to end at $102, with three stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.