Losers beat winners on JSE Main Market


Winners were beaten by losers on the Jamaica Stock Exchange Main Market on Wednesday, following a 26 percent decline in the volume of stocks traded and a 13 percent lower value than on Tuesday, with trading in 55 securities down from 57 on Tuesday, with prices of 14 rising, 22 declining and 19 ending unchanged. 

The market closed with 9,312,326 shares trading for $125,617,829, down from 12,546,553 stock units worth $144,334,520 on Tuesday. Trading averaged 169,315 shares at $2,283,961, down from 220,115 stocks at $2,532,185 on Tuesday and month to date, an average of 265,941 stock units at $1,750,761 compared to 273,598 shares at $1,708,504 on the previous day and August with an average of 286,418 shares worth $123,954. Transjamaican Highway led trading with 3.84 million shares for 41.3 percent of total volume, followed by Supreme Ventures, with 1.49 million stocks for 15.9 percent of the day’s trade and Pan Jamaica with 1.0 million stock units for 10.8 percent of the day’s volume. The All Jamaican Composite Index rallied 1,469.38 points to finish at 369,140.69, the JSE Main Index climbed 1,986.83 points to 319,335.50 and the JSE Financial Index popped just 0.11 points to close at 66.77. At the close, the Investor’s Choice bid-offer indicator shows 15 stocks ending with bids higher than their last selling prices and five with lower offers.  The Main Market ended trading with an average PE Ratio of 13.9. 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 trading, Berger Paints rallied 30 cents to close at $6.70 with an exchange of 210 shares, Caribbean Cement sank $2 to $89 with 5,392 stocks crossing the market, GraceKennedy lost $1.50 and ended at $71 in exchanging 19,401 shares. Jamaica Broilers skidded 51 cents to end at $25.50 with 13,872 stock units crossing the market, Jamaica Producers rose 30 cents in closing at $22.70 with investors transferring 15,606 units, Jamaica Stock Exchange climbed 62 cents to finish at $12.40 with 1,414 shares crossing the exchange. JMMB Group increased 69 cents to $19.70 with traders dealing in 38,723 units, Lasco Manufacturing popped 78 cents to close at $6.98 after investors exchanged 198,955 stocks, NCB Financial fell 60 cents and ended at $46.40 in the trading of 215,447 stock units. Proven Investments dropped 90 cents in closing at $15.10 after an exchange of 77,561 shares, Sagicor Group sank $1.80 to end at $40.05 with investors swapping 3,987 stock units,  Scotia Group gained $1.01 to finish at $55 with traders switching ownership of 133,348 units. Seprod advanced $3.39 to $82.39 as investors exchanged 1,604 stocks, Supreme Ventures slipped $1.40 to finish at $18 with 1,485,072 shares being traded, Sygnus Credit Investments shed 72 cents to end at $12.56 with brokers exchanging 5,063 stocks and Sygnus Real Estate Finance declined 35 cents to end at $7 with investors dealing in 58,894 units. In the preference segment, 138 Student Living dipped $1 in closing at $254 with 25 stock units changing hands and Sygnus Credit Investments C10.5% lost $3.29 to close at $100 with investors trading 1,001 shares.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com