Pull back for JSE Main Market

Trading activity on the Jamaica Stock Exchange Main Market ended on Tuesday, with the volume of stocks traded declining 12 percent and the value 36 percent lower than Monday, with 56 securities trading compared with 58 on Monday, with 25 rising, 20 falling and 11 ending unchanged.
A total of 8,602,396 shares were traded for $48,412,908 compared with 9,803,797 units at $75,092,515 on Monday.
Trading averaged 153,614 shares at $864,516 compared with 169,031 units at $1,294,699 on Monday and month to date, an average of 369,304 stocks at $1,717,711, compared to 385,670 shares at $1,782,452 on the previous day. Trading in July closed with an average of 283,368 units at $2,135,482.
Wigton Windfarm led trading with 3.17 million shares for 36.9 percent of total volume, Transjamaican Highway followed with 1.55 million units for 18 percent of the day’s trade and Sagicor Select Financial Fund with 888,086 units for 10.3 percent market share.
The All Jamaican Composite Index shed 2,282.01 points to close at 355,528.89, the JSE Main Index declined 1,867.4  points to 322,356.77 and the JSE Financial Index dipped 0.64 points to end at 71.23.
The PE Ratio, a formula used to compute appropriate stock values, averages 13 for the Main Market. The JSE Main and USD Market PE ratios are calculated based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows 10 stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Cement dropped 49 cents to close at $51.50, with investors transferring 29,125 shares, First Rock Real Estate climbed $1.05 to end at $8.75, with 2,095 units crossing the market, Jamaica Stock Exchange dipped 65 cents in closing at $10.05 as investors exchanged 849 stocks. Kingston Properties rallied 44 cents and ended at $7.44 after an exchange of 3,998 stock units, Kingston Wharves popped $1.10 to $28.90 as 5,630 stocks passed through the market, Mayberry Investments shed 57 cents to end at $8 in an exchange of 15,942 shares. Mayberry Jamaican Equities increased 40 cents in closing at $11.40 in an exchange of 251 stock units, NCB Financial gained $2.98 to close at $75, after 64,578 units crossed the exchange, 138 Student Living rallied 40 cents to close at $4.65 in switching ownership of 1,400 shares. Pan Jamaica rose $4.19 to $47.19 with 500 units clearing the market, Sagicor Group rallied $1.81 to $46.90, with 29,098 stocks changing hands, Scotia Group lost 99 cents to end at $33.01 after a transfer of 109,584 stock units. Seprod popped 99 cents to close at $69.99 after an exchange of 53,646 stocks, Supreme Ventures climbed $1.39 and ended at $28.50 with investors swapping 5,620 units, Sygnus Credit Investments rose 67 cents in closing at $11.99 and closed with 28,630 stocks being traded and Victoria Mutual Investments declined 30 cents to close at a 52 weeks’ low of $2.70, with 104,183 shares crossing the market.
In the preference segment, Productive Business Solutions 9.75% preference share rallied $8 to end at $100 while exchanging 2,195 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.