Nearly twice the number of stocks declined for everyone that rose on the Jamaica Stock Exchange Main Market on Tuesday. Trading resulted in a 164 percent jump in the volume of stocks traded, after JMMB Group 7.35% preferred share delivered the highest volume of shares trading and helped in a 87 percent climb in value, compared to Friday, following trading in 64 securities up from 61 on Friday, with prices of 19 rising, 34 declining and 11 ending unchanged.
The market closed with 49,520,117 shares trading for $256,704,799, climbing steeply from 18,733,871 stocks at $137,474,613 on Friday.
Trading averaged 773,752 shares at $4,011,012 after increasing from 307,113 stock units at $2,253,682 on Friday and for the month to date, an average of 251,191 stock units at $2,215,640 compared with 216,024 shares at $2,094,816 on the previous day and below trading during April, with an average of 342,509 stock units at $2,726,829.
Preferred share, JMMB Group 7.35% – 2028, led trading with 33.34 million shares for 67.3 percent of total volume followed by Transjamaican Highway with 9.23 million stocks for 18.6 percent of the day’s trade, Carreras closed with 1.91 million stock units for 3.9 percent of the total volume and QWI Investments with 1.26 million units for 2.5 percent of market share.
The All Jamaican Composite Index sank 2,217.57 points to settle at 405,322.51, the JSE Main Index fell 2,050.18 points to 342,938.07 and the JSE Financial Index lost 0.12 points to 65.05. At the close, the Investor’s Choice bid-offer indicator shows five 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 14.6.
ICInsider.com compiles the JSE Main and the USD Market PE ratios based on the last traded prices and projected earnings for fiscal years ending around August 2026.
At the close of the market, AS Bryden popped $1.14 to $23.39 with investors trading 148 shares, Barita Investments gained $1.82 and ended at $69.80 with 8,770 units passing through the market, Guardian Holdings rose $1 in closing at $344 in switching ownership of 420 shares. Jamaica Producers rallied 50 cents to end at $23 with investors swapping 384 stocks, Kingston Properties increased $1.78 to close at $12.28 with 1,635 stock units clearing the market, Kingston Wharves shed 50 cents to finish at $36.90 with a transfer of 9,748 shares. Margaritaville sank $2.99 to $10 with 102 stocks crossing the market, Mayberry Jamaican Equities slipped 79 cents to close at a 52 weeks low of $6 with an exchange of 8,300 units, MPC Caribbean Clean Energy climbed $3.50 to finish at $34 with 254 stock units changing hands. Pan Jamaica sank $1.80 to $46 after an exchange of 1,662 shares, Sagicor Group fell $2.33 in closing at $39.20 with investors trading 4,556 stock units,
Scotia Group dipped $1.36 to $53.61 in an exchange of 345,447 units. Sygnus Real Estate Finance lost $1.10 to $9 with investors dealing in 200 stocks and West Indies Petroleum skidded 95 cents to $9.05 with 80,481 shares crossing the exchange.
In the preference segment, Eppley 7.25% preference share declined by 47 cents in closing at $19.03 after a transfer of 9,982 stock units. Jamaica Public Service 9.5% advanced $201 to settle at $2,596 as investors exchanged 27 stocks, 138 Student Living preference share dropped $8 to finish at $212 after traders swapped 20 units, Productive Business Solutions 10.5% rose $20 and ended at $1,155 with traders dealing in 2 stocks and Sygnus Credit Investments C10.5% sank 97 cents to $107 with 97 units crossing the market.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.