Sagicor Select Manufacturing Fund secured 32 percent of the volume of shares on the Jamaica Stock Exchange Main Market on Wednesday, with the volume of stocks traded rising 80 percent, with 9 percent lower value compared to Tuesday, following trading in 57 securities similar on Tuesday, with prices of 16 rising, 25 declining and 16 ending unchanged.
The market closed with 10,911,504 shares trading for $53,980,489 after climbing from 6,059,984 stock units at $59,541,759 on Tuesday.
Trading averaged 191,430 shares at $947,026 compared with 106,316 stocks at $1,044,592 on Tuesday and month to date, an average of 226,757 units at $1,180,892 after slipping from 238,006 shares at $1,255,363 on the previous day and April with an average of 342,509 stock units at $2,726,829.
Sagicor Select Manufacturing & Distribution Fund led trading with 3.44 million shares for 31.5 percent of total volume, followed by Wigton Energy, with 2.22 million stocks for 20.3 percent of the day’s trade and Transjamaican Highway with 2.01 million units for 18.4 percent of the day’s trade.
The All Jamaican Composite Index dipped 1,300.89 points to 411,347.87, the JSE Main Index skidded 244.22 points to wrap-up trading at 349,436.82 and the JSE Financial Index slipped 0.11 points to 64.78.
At the close, the Investor’s Choice bid-offer indicator shows 14 stocks ending with bids higher than their last selling prices and three with lower offers.
The Main Market ended trading with an average PE Ratio of 20.2. The JSE Main and the USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with fiscal year ending around August 2026.
At the close of trading, AS Bryden increased $3.68 to $28.95 with 110 shares crossing the market, Barita Investments dropped $1 to $68 in an exchange of 52,992 units, Caribbean Cement popped $1 to end at $106 with 10,791 stocks passing through the market. First Rock Real Estate shed 84 cents in closing at $8.90 after an exchange of 227 shares, GraceKennedy advanced 80 cents and ended at $71 following trading in 17,557 stock units, Guardian Holdings sank $21.43 to finish at $328.57 with investors dealing in 6,445 shares.
Jamaica Stock Exchange slipped 45 cents and ended at $11.60 after an exchange of 6,198 stocks and Lasco Manufacturing sank 51 cents to $6.30 in trading 19,867 stocks.
In the preference segment, Jamaica Public Service 7% skidded 98 cents in closing at $42 with 511 units crossing the exchange. Jamaica Public Service 9.5% lost $161 to close at $2,389 with investors trading 4 shares, Productive Business Solutions 10.5% declined $59.78 to end at $1,100 after a transfer of two stocks and Sygnus Credit Investments C10.5% rose $6.74 to finish at $109.94 with a mere one unit crossing the market.Prices of traded securities are those for the last transaction of each stock unless otherwise stated.