Pullback for JSE Main Market

After rising on the previous 4 trading days, the Jamaica Stock Exchange Main Market ended lower on Monday, after the volume of stocks traded declined 41 percent, with the value 13 percent less than on Friday, after investors ended trading in 56 securities compared with 58 on Friday and resulted in 10 rising, 27 declining and 19 ending unchanged.
A total of 5,484,765 shares were traded for $44,129,207 down from 9,259,098 units at $50,664,788 on Friday.
Trading averaged 97,942 shares at $788,022 compared to 159,640 units at $873,531 on Friday and month to date, an average of 129,332 stocks at $831,526, compared to August with an average of 316,608 units at $1,867,646.
Transjamaican Highway led trading with 1.91 million shares for 34.8 percent of total volume followed by JMMB Group 7.5% with 782,313 units for 14.3 percent of the day’s trade and Wigton Windfarm with 603,664 units for 11 percent market share.
The All Jamaican Composite Index skidded 2,686.65 points to 355,637.89, the JSE Main Index fell 938.68 points to end trading at 323,698.87 and the JSE Financial Index lost 1.48 points to finish at 71.25.
The PE Ratio, a formula used in computing appropriate stock values, averages 12.4 for the Main Market’s PE ratios are computed 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 nine stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments rose 52 cents and ended at $76.90, with 219,484 shares crossing the market, Eppley skidded 97 cents to $35.53, with 1,734 stocks being traded, Eppley Caribbean Property Fund lost $4 to close at $35 after 26,000 stock units passed through the market. Jamaica Producers popped $1.87 to end at $19.90 after a transfer of 1,700 units, Jamaica Stock Exchange declined 63 cents in closing at $9.50 with investors trading 21,486 stocks, Kingston Properties dropped 48 cents to close at $7 while 13,000 units. were trading, Kingston Wharves shed 99 cents to close at $29 with traders dealing in 3,549 shares, Margaritaville advanced $1.95 to $16 after exchanging 174 stock units, Massy Holdings gained $3.50 to end at $104.50 in an exchange of 19,430 stocks. NCB Financial fell $1.96 and ended at $71 with 96,898 shares, changing hands Pan Jamaica dipped $1.01 and ended at $48, with 6,123 stock units crossing the exchange and Sagicor Group dropped $4.49 to close at $45 in switching ownership of 2,805 units.
In the preference segment, Eppley 7.50% preference share declined 47 cents in closing at $5.53 with shareholders swapping 59,061 units and Jamaica Public Service 9.5% surged $189.99 to $2990 in an exchange of 9 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.