Low trading pressures JSE majors

Stocks tumbled on the Jamaica Stock Exchange Main Market on Thursday with 56 securities trading up from 57 on Wednesday and leading to 17 rising, 26 declining and 13 ending unchanged as the volume of stocks traded rose 239 percent with the value increasing modestly over Wednesday.
A total of 12,878,672 shares were traded for $32,824,074 compared with 3,798,109 units at $31,876,506 on Wednesday.
Trading averaged 229,976 units at $586,144 compared to 66,633 shares at $559,237 on Wednesday and month to date, an average of 141,929 units at $1,382,448 compared with 134,731 units at $1,447,548 on the previous day. December closed with an average of 604,110 units at $4,072,598.
Wigton Windfarm led trading with 9.27 million shares for 72 percent of total volume followed by Pulse Investments with 1.11 million units for 8.6 percent of the day’s trade and Transjamaican Highway with 594,031 units for 4.6 percent market share.
The All Jamaican Composite Index shed 1,548.29 points to 386,984.31, the JSE Main Index dropped 1,426.90 points to 340,945.48 and the JSE Financial Index lost 0.24 points to end at 81.51.
The PE Ratio, a formula to ascertain appropriate stock values, averages 15.6 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offerindicator shows ten stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments shed 87 cents to close at $91.01 with an exchange of 16,138 shares, Caribbean Cement declined by $2 in closing at $60 with the swapping of 13,036 stock units, Caribbean Producers dipped 86 cents to end at $10.90 trading 71,740 units. Eppley fell $1.88 to $39 after 112 stocks cleared the market,Eppley Caribbean Property Fund rose 55 cents to $43 in switching ownership of 640 stock units, First Rock Real Estate fell 97 cents to end at $11.92 after an exchange of 5,141 shares. Guardian Holdings dropped $8 to close at $512 after a transfer of 289 units, Jamaica Stock Exchange declined $1.38 after ending at $13.52 after 650 stocks changed hands, Kingston Properties gained 49 cents to close at $7.29 after a transfer of 1,774 stock units. Kingston Wharves lost 40 cents in closing at $35 in trading 284 stocks, NCB Financial popped $1.50 to $80 in swapping 25,551 shares, Palace Amusement jumped $249.98 to a 52 weeks’ high of $2,099.98 in exchanging 797 units. PanJam Investment dipped 90 cents in closing at $58.10 with 1,356 units changing hands, Proven Investments declined $2.38 to $30 with investors transferring 8,825 stocks, Sagicor Group lost 50 cents to end at $50.50 after trading 2,769 stock units. Scotia Group gained 75 cents to close at $34 after an exchange of 106,838 shares, Stanley Motta shed 60 cents to finish at $4.20 as investors transferred 14,070 units, Supreme Ventures lost 47 cents in ending at $27.50 with an exchange of 724 shares. Sygnus Credit Investments declined 97 cents in closing at $13 trading 21,385 stock units and Wisynco Group shed 69 cents to end at $17 in clearing the market with 95,594 stocks.
In the preference segment, Jamaica Public Service 9.5% advanced $420 to $3,000 with a transfer of 20 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.