Trading activity on the Jamaica Stock Exchange Main Market ended on Monday, with the volume of stocks traded declining by 18 percent and the value 89 percent lower than on Friday, with trading in 55 securities compared to 52 on Friday, with prices of 19 rising, 23 declining and 13 ending unchanged.
The market closed with trading of 15,892,941 shares valued $40,238,845 compared to 19,335,881 units at $380,400,356 on Friday.
Trading averaged 288,963 shares at $731,615 compared to 371,844 units at $7,315,391 on Friday and month to date, an average of 205,891 units at $1,499,211 compared with 197,054 units at $1,580,870 on the previous day and December that closed with an average of 264,266 units at $3,755,946.
Wigton Windfarm led trading with 8.92 million shares for 56.1 percent of total volume followed by Transjamaican Highway with 2.37 million units for 14.9 percent of the day’s trade, Sagicor Select Financial Fund with 1.70 million units for 10.7 percent market share and Ciboney Group with 1.35 million units for 8.5 percent of total volume.
The All Jamaican Composite Index declined 2,854.05 points to finish at 356,985.14, the JSE Main Index sank 873.63 points to conclude trading at 321,365.17 and the JSE Financial Index slipped 0.53 points to 68.33.
The Main Market ended trading with an average PE Ratio of 13.4. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of trading, Barita Investments fell $1.10 to $71.30 after 1,837 stocks passed through the market, Caribbean Cement shed $1.40 in closing at $55.50 after an exchange of 14,235 shares. Eppley lost 89 cents to end at $37.10, with 150 stock units crossing the market, First Rock Real Estate gained 99 cents to close at $7 after an exchange of 29,573 shares, General Accident sank 40 cents to $5.35 with a transfer of 1,285 stocks. GraceKennedy skidded $1 to close at $78 while exchanging 104,553 units, Guardian Holdings dropped $9.49 in closing at $350.51 with investors transferring 622 stock units, Jamaica Broilers declined 48 cents and ended at $33.52 in an exchange of 16,917 shares.
MPC Caribbean Clean Energy rose $1 to end at $91, with 380 stock units crossing the market, NCB Financial rallied $1.95 to $67.40 in an exchange of 39,356 units, Scotia Group dipped 35 cents to close at $39.03 after 27,475 stocks were traded. Seprod increased $1.95 and ended at $85.95 as investors exchanged 2,639 units, Stanley Motta sank 76 cents to $5.27 in trading 47,893 stocks, Supreme Ventures dropped 81 cents to end at $25 with 45,360 shares clearing the market and Sygnus Credit Investments lost 48 cents in closing at $10.50 with traders dealing in 102,871 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
