More Main Market declines


Trading picked up on the Jamaica Stock Exchange Main Market on Thursday with the volume traded rising 23 percent and the value climbing 79 percent over Wednesday and resulting in more slippage in the market and continuing a month long decline, with trading in 58 securities compared to59on Wednesday, with prices of 19 rising, 29 declining and 10 ending unchanged.

The market closed with 9,258,988 shares trading for $109,778,942 up from 7,555,395 stock units valued at $61,391,837 on Wednesday.
Trading averaged 159,638 shares at $1,892,740 from 128,058 stocks at $1,040,540 on Wednesday and for the month to date, an average of 689,021 units at $24,604,258 down from 732,145 shares with a value of  $26,454,353 on the previous day and higher than February with an average of 405,332 stock units at just $1,953,730.
Transjamaican Highway led trading with 1.75 million shares for 18.9 percent of total volume followed by Wigton Energy which ended with 1.49 million stocks for 16.1 percent of the day’s trade, Kingston Wharves closed with 1.48 million units for 16 percent of the volume traded and Sagicor Select Financial Fund with 1.41 million shares for 15.2 percent of market share.
The All Jamaican Composite Index fell 2,004.24 points to wrap up trading at 372,527.88, the JSE Main Index dropped 2,185.60 points to settle at 321,192.95 and the JSE Financial Index slipped 0.25 points to end at 66.69. The Investor’s Choice bid-offer indicator shows 13 stocks ending with bids higher than their last selling prices and two with lower offers.
The Main Market ended trading with an average PE Ratio of 14.9. 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 trading, AS Bryden fell 95 cents to $28 with traders dealing in 510 stock units, Berger Paints dropped 81 cents to $7.15 after investors exchanged 10,791 shares, Caribbean Cement rallied 66 cents in closing at $83.98 as 3,864 stocks were traded. Eppley Caribbean Property Fund popped $1 to finish at $36 as 287 units passed through the market, First Rock Real Estate sank 50 cents to $8.52 with investors trading 2,412 shares, General Accident slipped 80 cents to close at $5 with 500,016 stocks crossed the market. GraceKennedy climbed 37 cents to $73.50 after investors ended trading 12,289 units, Guardian Holdings sank $14 to close at $289 after a transfer of 29 stock units, Jamaica Producers dipped 84 cents to end at $22 with investors trading 37,392 shares. Kingston Properties lost 50 cents in closing at $9 with 4,593 stocks clearing the market, Kingston Wharves skidded $1.30 and ended at $26.60 in an exchange of 1,482,888 units, Lasco Manufacturing rose 39 cents to finish at $7.50 after 88,399 stock units crossed the market. Margaritaville declined 47 cents and ended at $15.53 after an exchange of 1,004 shares, Massy Holdings shed $2.97 to close at $78 with a transfer of 100,000 stocks, Mayberry Jamaican Equities advanced 58 cents to finish at $10 after an exchange of 1,000 units. NCB Financial lost 62 cents in closing at an eight and a half year low of $43.78 with investors dealing in 246,064 stock units, Pan Jamaica gained $1.70 to end at $53.20 with 6,258 shares switching owners and Stanley Motta increased 75 cents to close at $6.75 with 122 stocks crossing the exchange.
In the preference segment, Eppley 7.25% preference share slipped 74 cents to $18.50 with 2,931 units changing hands and 138 Student Living preference share sank $63.50 to finish at $230 with an exchange of 2,037 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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