NCB Financial drops to multi-year low


NCB Financial dropped to a multi-year low of $30, 54 percent. lower than the price, additional shares were sold to the public in May last year. At the same time, VM Investments fell to a 52 week low of $1.75 and Sygnus Credit Investments closed at a 52 week high of $13. 80. Trading dropped on the Jamaica Stock Exchange Main Market on Friday, with a 14 percent decline in the volume of stocks traded, with a 41 percent fall in value compared to Thursday, following trading in 56 securities, up from 53 on Thursday, with prices of 16 rising, 21 declining, 19 ending unchanged, with the market value falling.

The market closed with 8,476,138 shares trading worth $69,163,067, down from 9,815,723 stock units at $117,717,098 on Thursday.
Trading averaged 151,360 shares at $1,235,055 after sliding from 185,202 stocks at $2,221,077 on Thursday and month to date, with  an average of 198,260 units at $1,500,547, with trading dipping from an average of 200,891 shares at $1,515,444 on the previous day and June with an average of 183,242 stock units at $1,532,211.
Transjamaican Highway led trading with 1.9 million shares for 23.3 percent of the total volume, followed by Wigton Energy, with 1.88 million stocks for 22.2 percent of the day’s trade and NCB Financial Group with 1.39 million units for 16.4 percent of the day’s trade.
The All Jamaican Composite Index sank 2,834.31 points to close at 347,992.01, the JSE Main Index lost 2,644.53 points to finish at 302,985.08 and the JSE Financial Index dipped 0.64 points to 61.42. At the close, the Investor’s Choice bid-offer indicator shows 10 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 13. The JSE Main and the USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with their financial year ending around August 2025.
At the close of the market, AS Bryden dropped $1.83 to $24.43 with 22 shares changing hands, Caribbean Cement fell $3.38 to $83.62 with investors dealing in 1,385 stocks, Eppley Caribbean Property Fund dipped $3 to finish at $40 after a transfer of 16 shares. Jamaica Stock Exchange lost 54 cents in closing at $12 with traders passing 12,414 stock units through the market, JMMB Group declined $1.24 to close at $18.76 with an exchange of 22,269 units, Kingston Wharves sank $2.64 to end at $29.82 with 11,849 shares crossing the market. Mayberry Jamaican Equities increased 35 cents in closing at $10.35 with investors swapping 500 stock units, NCB Financial slipped $3 to a 52 week low of $30 as 1,393,307 units crossed the exchange, Pan Jamaica sank 95 cents to end at $48.05 with investors trading 3,593 stocks. Sagicor Group climbed 43 cents to close at $40 after an exchange of 15,455 shares, Sagicor Real Estate Fund skidded 83 cents and ended at $7.15 in trading 335 stock units, Scotia Group slipped 35 cents to finish at $51.60 with traders trading 18,631 stock units. Seprod popped 80 cents and ended at $79.30 in trading of 11,871 stocks and Sygnus Real Estate Finance rallied 43 cents to $8.48 with 4,025 shares changing hands.
In the preference segment, Jamaica Public Service 7% rose $9 to end at $43 in an exchange of 159 stocks and Sygnus Credit Investments C10.5% advanced $2 in closing at $105 with a mere one stock unit crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.stock 

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