NCB Financial hits multi year low

NCB Financial dropped during the day to an 11year intraday low of $52 before bouncing back to close at $56 on the Jamaica Stock Exchange Main Market on Thursday, with the volume of stocks traded in the overall market rising just by 4 percent with the value falling 12 percent lower than on Wednesday, with trading in 55 securities down from 59 on Wednesday, with prices of 19 stocks rising, 23 declining and 13 ending unchanged.
The market closed with 13,687,861 shares being traded for $100,043,332 compared to 13,147,467 stock units at $113,060,902 on Wednesday.
Trading averaged 248,870 shares at $1,818,970 compared with 222,838 units at $1,916,286 on Wednesday. Trading  month to date, ended with an average of 235,472 stock units at $1,859,656 compared to 234,765 units at $1,861,801 on the previous day and May with an average of 336,947 units at $2,177,110.
Wigton Windfarm led trading with 3.88 million shares for 28.3 percent of total volume followed by Transjamaican Highway with 3.12 million stocks for 22.8 percent of the day’s trade and Sagicor Select Financial Fund with 2.96 million units for 21.6 percent of the day’s trade.
The All Jamaican Composite Index dipped 2,566.82 points to settle at 354,970.18, the JSE Main Index declined 2,262.58 points to 317,393.96 and the JSE Financial Index skidded 0.70 points to end the day at 66.29.
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 done by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows 10 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, AS Bryden dropped $3.88 to $37.60 as investors exchanged 257 stocks, Berger Paints fell $1.29 to close at $8.51 in trading 746 units, Caribbean Cement skidded 99 cents to finish at $62 with 72,805 shares crossing the market. Guardian Holdings advanced $5 and ended at $350 with a transfer of 8 stock units, Jamaica Broilers lost 44 cents to end at $33, with 14,211 shares crossing the exchange, Kingston Wharves rose 49 cents in closing at $26.49 with investors transferring 312,439 stock units. NCB Financial declined 50 cents to $56 in switching ownership of 246,919 stocks, after trading at an intraday 52 weeks low of $52, Sagicor Group shed 50 cents to end at $40.50 with investors dealing in 4,301 units, Scotia Group climbed $1 to end at $45 with 86,230 shares clearing the market. Supreme Ventures dropped 89 cents to end at $23.10 in an exchange of 34,131 units and Wisynco Group popped 66 cents and ended at $21.22 with investors trading 40,955 stocks.
In the preference segment, Jamaica Public Service 7% sank $6.49 to close at $41.50, with 12 stocks passing through the market, JMMB Group 7% preference share slipped 90 cents to $2.34 after a transfer of 5,000 shares and 138 Student Living preference share rallied $44.71 in closing at $180.45 with traders dealing in 67 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.