Mostly reds for the JSE Main Market

Stocks mostly dropped in market activity on the Jamaica Stock Exchange Main Market ended on Tuesday following a 12 percent increase in the volume of stocks traded after investors pumped in 715 percent more money into stocks compared with trading on Monday, resulting in the trading of 58 securities compared to 57 on Monday, with 15 rising, 30 declining and 13 ending unchanged.
All of 25,780,894 shares were traded for $362,794,152 versus 22,921,329 units at $44,514,498 on Monday.
Trading averaged 444,498 shares at $6,255,072, compared with 402,129 shares at $780,956 on Monday and month to date, an average of 423,498 units at $3,541,814, compared with 402,129 units at $780,956, previously. April closed with an average of 264,549 units at $1,409,410.
Carreras led trading with 12.08 million shares for 46.9 percent of the day’s volume followed by Wigton Windfarm with 3.31 million units for 12.8 percent of the day’s trade, GraceKennedy with 3.04 million units for 11.8 percent market share, Sagicor Select Financial Fund with 2.79 million units for 10.8 percent and Transjamaican Highway with 2.24 million units for 8.7 percent of total volume.
The All Jamaican Composite Index fell 6,576.29 points to finish at 373,543.17, the JSE Main Index dropped 5,785.97 points to close at 334,626.31 and the JSE Financial Index dipped 0.37 points to 77.41.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.5 for the Main Market. The JSE Main and USD Market PE ratios are based on the last prices of stocks and earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Berger Paints rallied 49 cents in closing at $8.10, with 569 shares crossing the market, Carreras fell 55 cents to end at $8.20 after an exchange of 12,078,900 units, GraceKennedy shed $2.15 to finish at $77.85., with investors transferring 3,041,968 stocks. Guardian Holdings dropped $10 to close at $480 as investors traded 1,004 stock units, Jamaica Producers declined $1.47 to $20.51 with an exchange of 61,044 units, Jamaica Stock Exchange fell 98 cents to $13.30 with 45,574 stocks crossing the market. JMMB Group shed $1.42 to end at $30 after an exchange of 47,384 shares, Kingston Wharves dipped 75 cents to end at $33 with 189 stock units clearing the market, Massy Holdings lost 50 cents to end at $89.50 with a transfer of 202 stock units. Pan Jamaica Group advanced $4.43 to $56.43 in trading 19,440 stocks, Seprod dropped $9 to end at $65.01 with the swapping of 17,786 units, Stanley Motta lost 74 cents to close at $4.81 with 100,101 shares crossing the market. Supreme Ventures lost 35 cents in closing at $27.75 with 73,409 stock units changing hands and Sygnus Real Estate Finance shed $1.59 to end at $10.20 after swapping 3,022 units.
In the preference segment, Eppley 5% preference share popped 98 cents to $22.98 trading 5 shares, Eppley 7.50% preference share lost 69 cents to close at $6.90 in switching ownership of 2,754 stocks, Jamaica Public Service 7% dropped $20 after ending at $109 with 2,248 shares crossing the exchange and 138 Student Living preference share rose $9.50 in closing at a 52 weeks’ high of $104.50 in a transfer of 2 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.