Trading dropped to subpar levels on the Jamaica Stock Exchange Main Market ended on Wednesday, with the volume of stocks traded declining moderately with a value 29 percent lower than on Tuesday and ending with trading in 61 securities compared with 58 on Tuesday, with prices of 18 rising, 26 declining and 17 ending unchanged.
The market closed with 5,508,902 shares being traded for $46,669,260 compared with 5,755,842 units at $66,152,268 on Tuesday.
Trading averaged 90,310 shares at $765,070 down from 99,239 units at $1,140,556 on Tuesday and month to date, an average of 96,369 units at $797,623 and below the 99,424 units at $814,035 on the previous day and August with an average of 290,511 units at $2,258,494.
Transjamaican Highway led trading with 2.81 million shares for 51 percent of total volume followed by Wigton Windfarm with 1.06 million units for 19.2 percent of the day’s trade and Sagicor Real Estate Fund with 178,695 stocks for 3.2 percent market share.
The All Jamaican Composite Index shed 393.83 points to 350,784.73, the JSE Main Index dropped 1,716.09 points to end at 308,869.86 and the JSE Financial Index lost 1.24 points to wrap up trading at 63.69.
The Main Market ended trading with an average PE Ratio of 14.2. 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.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, AS Bryden climbed $3.04 in closing at $39.09 with 6 stock units clearing the market, Berger Paints shed 73 cents to $6.10 with a transfer of 14,333 shares, Caribbean Cement popped 50 cents to finish at $64.90 with 1,351 units crossing the exchange. Jamaica Broilers advanced $1.49 and ended at $34.49 with traders dealing in 18,469 stocks, Jamaica Producers lost $1.42 to close at $21.43 with 129,574 units crossing the market, Jamaica Stock Exchange skidded 69 cents to end at $10.16 in trading 24,876 shares. 
Mayberry Jamaican Equities sank $1.06 to $9.10 after 3,124 stock units passed through the market, MPC Caribbean Clean Energy declined $8.80 to end at $88 with investors swapping 78 stocks, Pan Jamaica sank $4.08 in closing at $46.01 with an exchange of 77,372 shares. Proven Investments dropped $1.14 to close at $15.30 with investors trading 15,118 stocks, Seprod fell $4.70 to finish at $81 after a transfer of 12,959 units and Wisynco Group rose 48 cents and ended at $21.78 with investors trading 35,047 stock units.
In the preference segment, 138 Student Living preference share dived $30 to $165 in an exchange of 2 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Main Market trading drops
September 4, 2024 by IC Insider.com
Filed Under: Feature Stories, JSE Main Market Tagged With: 138 Student Living, AS Bryden, Barita Investments, Berger Paints, Caribbean Cement, Caribbean Producers, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, General Accident, Grace Kennedy, Innovative Energy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Lasco Distributors, Lasco Manufacturing, Mayberry Group, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group
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