Steady trading for JSE Main Market

Market activity was steady on Wednesday, versus Tuesday with the volume and value of stocks trading differed, marginally from Tuesday’s levels on the Jamaica Stock Exchange Main Market as rising stocks exceeded those declining but that failed to prevent the market indices from slipping.
Overall, 9,365,107 shares were traded for $89,019,484 versus 9,657,015 units at $85,919,427 on Tuesday. Trading averages 167,234 units at $1,589,634, compared to 178,834 shares at $1,591,100 on Tuesday and month to date, an average of 186,265 units at $1,754,509, compared to 192,803 units at $1,811,153 on the previous trading day. June closed with an average of 281,913 units at $5,309,050.
Community & Workers Credit Union led trading with 2.44 million shares for 26.1 percent of total volume followed by Transjamaican Highway with 1.53 million units for 16.3 percent of the day’s trade and Sagicor Select Financial Fund with 1.35 million units for 14.5 percent market share.
The All Jamaican Composite Index dropped 2,438.78 points to 435,164.77, the JSE Main Index fell 488.85 points to 381,571.02 and the JSE Financial Index declined 0.48 points to 90.25.
Trading ended with 56 securities compared to 54 on Tuesday, with 24 rising, 18 declining and 14 ending unchanged.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.3 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years, ending up to the close of August 2023.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and five stocks with lower offers.
At the close, Eppley Caribbean Property Fund rose $1 to $40.50, with 13 shares crossing the market, First Rock Capital gained 94 cents to end at $12.70 with an exchange of 3,903 stock units, Guardian Holdings rallied $20.79 to $521.79 after trading 733 stocks. JMMB Group lost 64 cents in closing at $43 in switching ownership of 55,562 units, Kingston Properties increased 50 cents to close at $8.20, with 23,543 units crossing the market, Kingston Wharves fell $1.30 to $37.70, with 1,558 stocks changing hands. Margaritaville climbed 65 cents to end at $17.15 and closed after 2,121 stock units passed through the exchange, Massy Holdings advanced $3 in closing at $95 with 18,357 shares clearing the market, Mayberry Investments popped 82 cents in ending at $9.99 after exchanging 190 stocks. Mayberry Jamaican Equities shed 91 cents to close at $12.99 in trading 312,293 shares, MPC Caribbean Clean Energy dropped $16.62 in ending $89.88 while exchanging 682 stock units, Proven Investments fell $3.50 to end at $33 in trading 195,898 units. Sagicor Group lost 49 cents in closing at $55 in an exchange of 96,640 stock units, Scotia Group dropped 94 cents to close at $36, with 6,402 units crossing the exchange, Stanley Motta shed 60 cents to $5 after the trading of 11,200 stocks. Sterling Investments fell 40 cents to a 52 weeks’ low of $2.50 in exchanging 77,690 shares, Supreme Ventures advanced $1.54 to end at $30.69 with the swapping of 68,794 units and Sygnus Credit Investments rallied 75 cents to close at $14.75 after 10,990 shares crossed the market.
In the preference segment, Eppley 7.50% preference share popped 90 cents in closing at $6.90 in exchanging 100 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.