Trading plunged on the Jamaica Stock Exchange Main Market ended on Monday, with an 88 percent drop in the volume of stocks traded with a 48 percent lower value than on Friday, with trading in 59 securities compared with 57 on Friday, with prices of 16 rising, 27 declining and 16 ending unchanged. Innovative Energy closed at a 52 weeks’ low of 81 cents after hitting a low of 65 cents, before rebounding.
Trading ended with an exchange of 3,152,052 shares for $30,466,322 compared with 26,181,772 units at $59,057,741 on Friday.
Trading averaged 53,425 shares at $516,378 compared to 459,329 units at $1,036,101 on Friday and month to date, an average of 1,061,457 units at $10,206,166 compared with 1,182,094 units at $11,365,796 on the previous day and June with an average of 246,425 units at $1,945,941.
Transjamaican Highway led trading with 778,196 shares for 24.7 percent of total volume followed by Wigton Windfarm with 659,034 stocks for 20.9 percent of the day’s trade and Jamaica Stock Exchange with 443,096 units for 14.1 percent market share.
The All Jamaican Composite Index skidded 610.00 points to end trading at 357,080.12, the JSE Main Index dropped 2,446.38 points to lock up trading at 316,451.37 and the JSE Financial Index slipped 0.24 points to 67.07.
The Main Market ended trading with an average PE Ratio of 13.7. The JSE Main and 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.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, AS Bryden rose $3.89 to end at $40.89 with a transfer of 3,455 stock units, Caribbean Producers shed $1 to close at $10, with 298,530 shares crossing the exchange, as the impact of acquisition of the largest shareholding seems to have waned for awhile, GraceKennedy fell 54 cents and ended at $73.45, with 120,806 stocks changing hands. 
Jamaica Stock Exchange dropped $1.50 in closing at $10 with an exchange of 443,096 units, JMMB Group advanced 49 cents to finish at $23.99 after 7,242 shares passed through the market, Mayberry Group sank 53 cents to close at $7.57 after an exchange of 1,619 units. NCB Financial dipped $1.89 to $56 with investors trading 27,947 stocks, Portland JSX lost 97 cents to finish at $9.20 in an exchange of 39,015 stock units and Proven Investments popped 73 cents and ended at $19.80 with investors swapping 4,377 shares.
In the preference segment, 138 Student Living preference share dropped $30 in closing at $170 in an exchange of 8 units and Sygnus Credit Investments C10.5% sank $6 to end at $102 with traders dealing in 560 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Plunging trades on JSE Main Market
July 15, 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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