Main Market drops on lower volume

The Jamaica Stock Exchange Main Market traded lower on Tuesday, with the volume of stocks traded declining by 51 percent after a 31 percent lower valuation than on Monday, with trading in 62 securities compared with 61 on Monday, with prices of 23 stocks rising, 23 declining and 16 ending unchanged.
The market closed with 6,312,177 shares being traded for $49,633,997 that is lower than the 12,947,498 units for $71,846,878 on Monday.
Trading averaged 101,809 shares at $800,548 down from 212,254 units at $1,177,818 on Monday and month to date, an average of 156,583 units at $987,649 and May with an average of 336,947 units at $2,177,110.
Transjamaican Highway led trading with 1.74 million shares for 27.6 percent of total volume followed by Wigton Windfarm with 840,062 units for 13.3 percent of the day’s trade and JMMB Group 7.25% preference share due 2024 with 736,302 stock units for 11.7 percent market share.
The All Jamaican Composite Index dipped 1,399.25 points to end the day at 358,765.12, the JSE Main Index dropped 3,498.91 points to conclude trading at 317,915.41 and the JSE Financial Index slipped 0.91 points to wrap up trading at 68.14.
The Main Market ended trading with an average PE Ratio of 13.9. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Caribbean Cement dropped 50 cents to close at $62.50 with traders dealing in 2,860 shares, Eppley fell $1 to $39 in clearing the market with 107 units, Eppley Caribbean Property Fund dipped 65 cents and ended at $38.75 with investors trading 15,896 shares. Guardian Holdings lost $10 to finish at $360, with 1,014 stock units crossing the market, Jamaica Broilers rose $1.99 to end at $33.49 while 828 shares were traded, Jamaica Producers advanced $1.10 in closing at $23.10 with an exchange of just one stock unit. JMMB Group shed 40 cents to $24.60 as investors traded 60,448 stocks, Kingston Wharves popped 52 cents and ended at $27.45 with a transfer of 422 units, Margaritaville rallied $1.16 to finish at $16.15 with investors swapping 2,598 shares. Massy Holdings declined $9.89 to $80.01 after an exchange of 1,211 stock units, Pan Jamaica sank $1.60 in closing at $49.90 after 100 stocks passed through the market, Proven Investments skidded $1.28 to $20.01 with an exchange of 4,895 units. Sagicor Group slipped $2.10 to $39.90 with 49,442 shares crossing the market, Seprod sank 60 cents and ended at $79.40 in switching ownership of 2,870 stock units and Stanley Motta increased 33 cents in closing at $7.45 with investors transferring 1,000 units.
In the preference segment, Eppley 7.50% preference share climbed $1.28 to finish at $7.48 after an exchange of 104 stocks, Eppley 7.75% preference share dipped 85 cents to end at $19.15 with investors dealing in 60,000 shares, Jamaica Public Service 7% gained 71 cents to close at $41.50 in an exchange of 125 stocks. 138 Student Living preference share lost $2.12 in closing at $187.88, with 1,345 units changing hands and Productive Business Solutions 9.75% preference share popped $11.10 to end at $113.50 with one stock unit crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.