Price movements at the close of trading on the Jamaica Stock Exchange Main Market were very fluid on Tuesday, with prices of 24 stocks rising, 29 declining and nine ending unchanged, with trading in 62 securities compared with 61 on Monday, with the volume of stocks traded declining 16 percent and the value 17 percent lower than on Monday.
Trading ended with the market closed with only 10,147,599 shares trading for a mere $42,871,556 down from 12,150,226 units at $51,541,445 on Monday.
Trading averaged 163,671 shares at $691,477 compared to 199,184 units at $844,942 on Monday and well off the month to date, an average of 1,766,120 units at $6,535,887 and 2,098,400 units at $7,747,771 on the previous day and March with an average of 828,473 units at $2,341,254.
Transjamaican Highway led trading with 2.74 million shares for 27 percent of total volume followed by Wigton Windfarm with 2.15 million units for 21.2 percent of the day’s trade and JMMB 9.5% preference share with 1.24 million units for 12.3 percent of the day’s trade.
The All Jamaican Composite Index sank 788.09 points to close at 366,509.84, the JSE Main Index lost 992.90 points to finish at 326,763.19 and the JSE Financial Index lost 0.29 points to culminate at 70.06.
The Main Market ended trading with an average PE Ratio of 13.1. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, AS Bryden declined 70 cents to close at $38 as investors exchanged 589 shares, Barita Investments gained 70 cents to land at $73.70 with a transfer of 838 shares, Caribbean Cement sank $2.50 to finish at $56 after an exchange of 29,949 units. Eppley skidded 38 cents and ended at $40 with investors trading 50 stocks, First Rock Real Estate rose $1.90 in closing at $9.90 in an exchange of 50 units, GraceKennedy climbed 82 cents to end at $73.97 with investors dealing in 132,516 shares. Guardian Holdings fell $10 to $360 in switching ownership of 60 stock units, Jamaica Broilers dropped 50 cents to close at $33 after an exchange of 14,338 stocks, Jamaica Producers shed $1.75 in closing at $21.80 with investors transferring 16,000 units.
JMMB Group increased 90 cents to finish at $25.90, with 22,695 stocks crossing the market, Kingston Wharves popped $1.15 and ended at $30.40 in an exchange of 900 shares, Margaritaville lost $2.91 to end at $14.08 after investors ended the trading of 2,703 stock units. Mayberry Group advanced 40 cents in closing at $7.30 with an exchange of 15,840 shares, Mayberry Jamaican Equities dipped 85 cents to $10, with 28,300 units changing hands, NCB Financial slipped 35 cents to finish at $64.65 with traders dealing in 7,408 stocks. 138 Student Living rallied 47 cents and ended at $4.19 with 545 stock units clearing the market, Pan Jamaica increased $3.50 to end at $50 after a transfer of 1,491 shares, Proven Investments sank 82 cents to close at $21.61, with 49 stocks crossing the market. Scotia Group declined $2.20 to $45 in trading 23,733 units, Supreme Ventures shed 53 cents to finish at $23.77 after an exchange of 21,951 stock units and Wisynco Group lost 50 cents and ended at $20.50 after 221,780 shares passed through the market.
In the preference segment, Eppley 7.75% preference share skidded 50 cents in closing at $20 with 1,601 units being traded, Jamaica Public Service 9.5% popped $50 to end at $2,700 with investors swapping 9 stocks, 138 Student Living preference share gained 53 cents to close at $218.03, with 6 stock units crossing the market and Productive Business Solutions 10.5% preference share fell $10 to $1,100 with investors swapping 200 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Plenty price movements on JSE Main Market
April 9, 2024 by IC Insider.com
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, AS Bryden, Barita Investments, Berger Paints, Caribbean Cement, Caribbean Producers, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, General Accident, Grace Kennedy, Innovative Energy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Lasco Distributors, Lasco Manufacturing, Mayberry Group, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group
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