NCB Financial traded just under a million shares with a value of $33 million as the price sank to a new multi-year low of $32 and helped to boost trading, with an 85 percent volume surge on Monday and a 13 percent jump in value over Friday on the Jamaica Stock Exchange Main Market, following trading in 61 securities compared with 60 on Friday, with prices of 22 rising, 26 declining and 13 ending unchanged.
The market closed with trading of 34,385,915 shares at $105,788,980 compared to 18,537,937 stock units at $93,974,345 on Friday.
Trading averaged 563,704 shares at $1,734,246 compared to 308,966 stocks at $1,566,239 on Friday and for the month to date, an average of 305,746 units at $1,380,357, up from 237,033 shares at $1,286,089 on the previous day and June with an average of 183,242 stock units at $1,532,211.
Wigton Energy led trading with 25.57 million shares for 74.3 percent of total volume followed by Transjamaican Highway which ended with 2.69 million stocks for 7.8 percent of the day’s trade, Sagicor Select Manufacturing & Distribution Fund closed with 1.99 million stocks for 5.8 percent of the volume traded and Sagicor Select Financial Fund with 1.24 million units for 3.6 percent of market trade.
The All Jamaican Composite Index dived 5,655.76 points to wrap up trading at 355,131.02, the JSE Main Index sank 4,135.85 points to close at 308,855.45 and the JSE Financial Index slipped 1.13 points to 63.34. At the close, the Investor’s Choice bid-offer indicator shows 11 stocks ending with bids higher than their last selling prices and six with lower offers.
The Main Market ended trading with an average PE Ratio of 13.5. The JSE Main and the 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, Eppley advanced $5.38 to close at $32.34 after investors exchanged 306 shares, as Eppley Caribbean Property Fund skidded 47 cents to $41.50, with 14 units crossing the market, GraceKennedy popped 50 cents and ended at $71 with investors trading 6,073 shares. Guardian Holdings sank $10 in closing at $310 in an exchange of 617 stocks, Jamaica Broilers shed 84 cents to end at $25 with traders dealing in 2,776 stocks, JMMB Group declined 49 cents to finish at $19.31, with 22,309 shares passing through the market. Margaritaville lost 78 cents to end at $12.50 with investors swapping 5 stock units, NCB Financial dropped $2.45 to end at 52 week low of $38.50 after 912,847 shares passed through the market, Pan Jamaica sank 98 cents in closing at $50.50 with a transfer of 6,970 units. Sagicor Group dropped 70 cents to close at $40.29 after an exchange of 2,156 shares, Scotia Group increased 50 cents and ended at $53 with trading of 203,035 units, Seprod fell $1.65 to finish at $80 after a transfer of 2,158 stocks. Stanley Motta dropped 55 cents and ended at $6.05, with 6,000 stock units changing hands. Sterling Investments fell 44 cents to $3.50 in an exchange of 52,242 shares and Sygnus Real Estate Finance climbed $1.07 in closing at $8.32, with investors dealing in 335 stocks.
In the preference segment, Eppley 7.75% preference share rose 45 cents to finish at $19.85 after an exchange of 250 units, 138 Student Living preference share gained $4.99 to close at $224.99, with 7 stock units clearing the market and Sygnus Credit Investments 10% declined $5.49 to end at $104 with an exchange of 1,507 shares.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.