Steady JSE Main Market on lower trades

Trading activity ended with 48 percent fewer shares changing hands on the Jamaica Stock Exchange Main Market on Tuesday, with 73 percent lower value than trading on Monday, with 55 securities trading compared to 57 on Monday, with 21 rising, 19 declining and 15 ending unchanged.
A total of 9,556,783 shares were traded for $28,842,985 compared to 18,209,479 units at $105,140,128 on Monday.
Trading averaged 173,760 shares at $524,418 versus 319,465 shares at $1,844,564 on Monday and month to date, an average of 247,913 units at $1,196,278 compared with March with an average of 356,137 units at $3,015,416.
Transjamaican Highway led trading with 5.46 million shares for 57.2 percent of total volume followed by Sagicor Select Financial Fund with 1.01 million units for 10.6 percent of the day’s trade and Ciboney Group with 947,765 units for 9.9 percent market share.
The All Jamaican Composite Index declined 494.93 points to 371,255.18, the JSE Main Index dipped 390.22 points to 331,377.07 and the JSE Financial Index dipped 0.19 points to close at 76.29.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.6 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments gained 52 cents to end at $80.50 in an exchange of 16,038 shares, Caribbean Cement rallied $1 after ending at $57 in trading 16,291 stocks, Eppley advanced 49 cents to $37.49 with the swapping of 561 units. Eppley Caribbean Property Fund shed $4.10 to close at $40.40 w with investors trading 3,390 stock units, GraceKennedy fell $2.50 to $80 in switching ownership of 39,584 units, Guardian Holdings climbed $5 after ending at $490 as investors exchanged 19 stocks. Jamaica Broilers dipped $2.35 to end at $35, with 12,988 shares changing hands, Jamaica Producers dropped 80 cents to $21 with investors transferring 20,061 stock units, Kingston Wharves lost 49 cents to close at $34 with an exchange of 339 stocks. Massy Holdings popped $3.80 in closing at $89 after an exchange of 5,529 units, NCB Financial dropped $2 to $73 after 17,263 shares passed through the market, Pan Jamaica Group increased $3.94 to end at $55.94 after a transfer of 10,135 stock units. Sagicor Group fell $3.40 in closing at $47.50 in an exchange of 37,018 shares, Seprod rose $2.49 after ending at $69.99 with a transfer of 5,493 stock units and Supreme Ventures gained 90 cents to close at $26.90, with 15,373 stocks crossing the exchange.
In the preference segment, Eppley 5% preference share rose $2 in closing at $22 after 11 units crossed the market, Jamaica Public Service 7% dropped $30.99 to $98, with 46 units crossing the market, Jamaica Public Service 9.5% climbed $2 to end at $3000 after exchanging one stock unit and Productive Business Solutions 9.75% preference share increased $16.05 in ending at $107 while exchanging 28 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.