Kgn Wharves dominates JSE trading


Kingston Wharves captures just over 40 percent of the volume traded and just under 73 percent of the value of stocks traded, leading to a 239 percent jump in the volume of stocks traded and a 656 percent surge in the value over Monday. Trading ended after exchanges in 62 securities up from 60 on Monday, with prices of 23 rising, 22 declining and 17 ending unchanged, with sizable drops in the major indices of the Jamaica Stock Exchange on Tuesday.

The market closed with 17,763,087 shares trading for $261,676,546 up from just 5,247,225 stock units at $34,621,784 on Monday.
Trading averaged 286,501 shares at $4,220,589 well above 87,454 stocks at $577,030 on Monday and for the month to date, an average of 188,609 stock units at $2,428,675 up from 87,454 shares at $577,030 on the previous day and January with an average of 257,074 stock units at $2,582,065.
Kingston Wharves led trading with 7.33 million shares for S190.5 million, with 41.2 percent of total volume followed by Transjamaican Highway which ended with 3.78 million stocks for 21.3 percent of the day’s trade, Sagicor Select Financial Fund closed with 1.66 million stock units for 9.4 percent of the volume traded and Carreras with 1.11 million shares for 6.3 percent of stocks that were traded.
The All Jamaican Composite Index dived 4,149.71 points to settle at 384,794.91, the JSE Main Index dropped 2,999.25 points to finish at 333,119.15 and the JSE Financial Index shed 0.93 points to 68.93. The Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and four with lower offers.
The Main Market ended trading with an average PE Ratio of 14.7. The JSE Main and 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 2025.
At the close of trading, Berger Paints slipped 40 cents to $7.90 with investors dealing in 4,110 shares, Caribbean Cement rose $4.85 to $86.85 after an exchange of 33,090 stock units, Eppley Caribbean Property Fund gained $1 to end at $38 with a mere one share trading. General Accident popped 42 cents to close at $6.44 with 2,744 stock units crossing the exchange, GraceKennedy increased $1.50 to finish at $73.50 with a transfer of 15,924 shares, Guardian Holdings climbed 50 cents and ended at $301.50 with 721 units passing through the market. Jamaica Broilers lost 49 cents to sit at $37.51 with investors trading 10,116 stocks, Jamaica Stock Exchange sank 43 cents to close at $12.99 with 5,195 stock units crossing the market JMMB Group shed $1 to finish at $21.50 with investors trading 36,486 shares. Kingston Wharves declined $3.61 and ended at $29.89 with an exchange of 7,325,025 stock units, Pan Jamaica advanced 44 cents to end at $56.94 with 426 stock units changing hands, Scotia Group fell $4 to close at $55 with traders dealing in 68,740 units and Seprod dropped 60 cents to $85 with 2,223 stocks switching owners.

In the preference segment, Eppley 7.75% preference share rallied 60 cents to $19.80 with 298 shares crossing the market, Jamaica Public Service 7% sank $4.50 to finish at $36 in trading 152 stock units and 138 Student Living preference share popped $3 and ended at $227 after 10 units were exchanged.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com