Slippage for JSE Main Market

The Jamaica Stock Exchange Main Market slipped at the end of trading on Tuesday, with the volume of stocks traded rising 16 percent and the value plunging 56 percent compared to that on Monday, resulting in trading in 56 securities compared with 61 on Monday, with prices of 19 rising, 20 declining and 17 ending unchanged.
A total of 12,623,404 shares were traded for $40,299,945 compared with 10,928,473 units at $91,325,752 on Monday.
Trading averaged 225,418 shares at $719,642 versus 179,155 shares at $1,497,143 on Monday and month to date, an average of 447,521 units at $2,019,495, compared with 474,443 units at $2,177,053 on the previous day. July closed with an average of 283,368 units at $2,135,482.
Wigton Windfarm led trading with 5.55 million shares for 44 percent of stocks traded, Transjamaican was next with 5.14 million units for 40.7 percent of the day’s trade and Carreras with 339,919 units for 2.7 percent market share.
The All Jamaican Composite Index dropped 612.08 points to 353,837.05, the JSE Main Index lost 846.13 points to finish at 321,405.80 and the JSE Financial Index inched 0.03 points higher to 70.85.
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 eight stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments rose 50 cents and ended at $74.80 after 33,834 shares passed through the market, GraceKennedy rallied 80 cents to close at $77.30 in an exchange of 14,006 units, Jamaica Producers fell 80 cents to end at $19.20 after investors traded 10,785 stock units. Jamaica Stock Exchange popped 84 cents in closing at $10.79 with stakeholders exchanging 20,578 stocks, JMMB Group advanced 40 cents to $27.91, with 42,495 shares crossing the exchange, Margaritaville lost $2.47 to $14.03 while exchanging 250 stock units. Massy Holdings dipped 95 cents in closing at $100.25 in switching ownership of 716 stocks, MPC Caribbean Clean Energy dropped $12.29 and ended at $69.66 in trading 50 units, NCB Financial rallied $1 to end at $71 in an exchange of 94,546 stock units. Pan Jamaica gained $2.19 to close at $47.20 after an exchange of 120 units, Pulse Investments climbed 32 cents to $2.82 and closed with 173,001 stocks clearing the exchange. Sagicor Group shed 89 cents and ended at $44.10 after an exchange of 6,438 shares, Seprod popped 62 cents to close at $69.92 with an exchange of 3,366 stock units, Sygnus Credit Investments declined 53 cents in closing at $11.47 with investors transferring 20,526 units and Wisynco Group dropped 75 cents to end at $16.90 after a transfer of 27,934 stocks
In the preference segment, Jamaica Public Service 7% climbed $15 to end at $65, with 50 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.