Main Market plunged on Jamaica Stock Exchange


Trading volume dropped a sharp 59 percent on Thursday as the flow of funds passing through the market jumped 41 percent over trading on the prior day, at the close of the Jamaica Stock Exchange Main Market, resulting from activities in 55 securities down from 58 on Wednesday, with prices of 13 rising, 28 declining and 14 ending unchanged as the JSE Main Index dived 4,183.75 points to 307,339.90.
The market closed with trading of 4,696,332 shares for $82,080,955 compared with 11,422,541 units at $58,122,200 on Wednesday. Trading ended with an average of 85,388 shares at $1,492,381 compared to 196,940 stocks at $1,002,107 on Wednesday and for the month to date an average of 159,473 shares at an average value of $1,432,91 compared with 163,799 shares at $1,429,438 on the prior day and September with an average of 592,167 stocks at $8,859,784. 
Jamaica Broilers led trading with 1.27 million shares for 27 percent of total volume followed by Transjamaican Highway with 735,129 units for 15.7 percent of the day’s trade and Wigton Windfarm with 628,302 stock units for 13.4 percent market share.

The All Jamaican Composite Index rose 115.21 points to finish at 356,408.33 and the JSE Financial Index shed 0.61 points to end at 64.58. 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 14.1.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 a lacklustre day of trading, AS Bryden declined 99 cents and ended at $34.50 in the trading of 1,490 shares, Caribbean Cement sank 98 cents to $68 with 2,305 stocks changing hands, Eppley dropped $4 to close at $33 in an exchange of 2,769 shares. Eppley Caribbean Property Fund shed $3.89 to finish at $38.01 with 1,009 stock units crossing the market, Guardian Holdings fell $13.99 in closing at $301 after trading of 7 shares, Jamaica Broilers skidded $1.45 to end at $35.30 after an exchange of 1,267,657 stocks. Jamaica Producers sank 72 cents to $20.03 with a transfer of 5,724 units, Jamaica Stock Exchange dipped 51 cents and ended at $10.13 with investors dealing in 931 stock units, JMMB Group lost $1.69 to finish at $21.21 with 9,772 shares crossing the exchange. Massy Holdings slipped $3 to close at $75 with investors swapping 25,040 units, after hitting a intraday 52 weeks’ low of $65. Mayberry Group increased 84 cents in closing at $8.10 after 2,779 stocks passed through the market, Mayberry Jamaican Equities fell $1.25 to end at $9 after a transfer of 129,859 stock units. NCB Financial skidded 99 cents to $52 with 356,556 shares crossing the market, Scotia Group climbed $1 in closing at $45.15 as investors exchanged 16,206 stocks, Seprod popped $1.50 to end at $83 after closing with 1,641 units changing hands. Sygnus Credit Investments sank 68 cents and ended at $11.30 with investors trading 113,891 stock units and Sygnus Real Estate Finance slipped 72 cents to close at $10.01 in switching ownership of 251 shares.

In the preference segment, Jamaica Public Service 7% sank $5.99 to finish at $40 with 285 stocks clearing the market and Sygnus Credit Investments C10.5% declined 40 cents and ended at $104.60 with investors trading 1,017 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com