Kgn Wharves dominates JSE Main Market


Trading surged on the Jamaica Stock Exchange Main Market on Thursday, with the value of stocks traded surging 287 percent and the volume of stocks marginally lower compared to Wednesday. Kingston Wharves contributed 78 percent of the value of stocks worth $163 million following trading in 60 securities, up from 57 on Wednesday, with prices of 24 rising, 24 declining and 12 ending unchanged

The market closed with 10,802,361 shares trading worth $207,181,556 after an increase from 10,911,504 stock units valued at $53,980,489 on Wednesday.
Trading averaged 180,039 shares at $3,453,026 after an average of 191,430 stock units at $947,026 on Wednesday and month to date, an average of 217,287 shares with a value of $1,641,459, after sliding from 226,757 shares at $1,180,892 on the previous day and April with an average of 342,509 stock units at $2,726,829.
Kingston Wharves led trading with 5.02 million shares for 46 percent of the total volume, followed by Transjamaican Highway, with 2.37 million stocks for 18.6 percent of the day’s trade and Supreme Ventures with 2.04 million units for 16 percent of the overall trade.
The All Jamaican Composite Index declined 2,905.87 points to 408,442.00, the JSE Main Index sank 2,656.27 points to close at 346,780.55 and the JSE Financial Index declined 0.42 points to 64.36. At the close, the Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and none with a lower offer.
The Main Market ended trading with an average PE Ratio of 20.1. The JSE Main and the USD Market PE ratios are based on last traded prices and forecasted earnings compiled by ICInsider.com for companies with the financial year ending around August 2026.
At the close of trading, Barita Investments rallied $1 to close at $69 with trading of 14,891 shares, Caribbean Producers sank 50 cents to $5.50 after an exchange of 23,876 stock units, Eppley popped 60 cents to $36 with investors exchanging 8,037 shares. with Eppley Caribbean Property Fund rallying by 97 cents in closing at $45.97 after an exchange of 120 stock units, General Accident dropped 51 cents to finish at $5.74 with investors swapping 1,736 stocks, Guardian Holdings rose $21.43 to close at $350 in an exchange of 10,123 units. Margaritaville fell $1.02 to $10.38 with traders dealing in 258 shares, MPC Caribbean Clean Energy sank $2.50 to end at $35.50 with 3,215 stock units changing hands, Proven Investments slipped 80 cents to $11 following trading in 2,736 stocks. Sagicor Real Estate Fund lost $1.39 and ended at $9.91 with an exchange of 47,589 shares, Scotia Group gained 76 cents to close at $52.76 with 3,791 stock units crossing the market, Seprod advanced 81 cents to finish at $82.99 in trading 1,854 units and Supreme Ventures skidded 55 cents and ended at $16.15 after a transfer of 68,683 stocks.
In the preferred share segment, Jamaica Public Service 7% dipped $1 to $41 as investors exchanged 573 stock units, 138 Student Living preference share dropped $15 to end at $205 in switching ownership of 26 stocks. Productive Business Solutions 10.5% declined $10 in closing at $1,090 with investors dealing in 2,111 shares and Sygnus Credit Investments C10.5% shed $1.94 to close at $108 with a transfer of 120 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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