Steady trading for JSE Main Market

Steady trading for JSE Main Market of Jamaica Stock Exchange on Friday ended, with more money entering the market with fewer shares being traded, resulting in the volume declining 36 percent with a 21 percent higher value than Thursday, after 53 securities were exchanged compared to 52 on Thursday, resulting in prices of 18 rising, 19 declining and 16 ending unchanged.
A total of 7,723,200 shares were exchanged for $106,579,158 versus 12,082,376 units at $88,446,679 on Thursday.
Trading averaged 145,721 shares at $2,010,928 versus 232,353 units at $1,700,898 on Thursday and month to date, an average of 189,148 stock units at $1,301,736,  in contrast with 194,391 units at $1,216,117 on the previous trading day. October closed with an average of 231,243 units at $1,464,224.
138 Student Living led trading with 2.03 million shares for 26.2 percent of total volume followed by Transjamaican Highway with 1.90 million units for 24.6 percent of the day’s trade and NCB Financial with 725,835 units for 9.4 percent market share.
The All Jamaican Composite Index lost 282.96 points to finish at 392,366.28, the JSE Main Index advanced 156.36 points to 344,073.17 and the JSE Financial Index fell 0.51 points to close at 82.42.
The PE Ratio. a formula to ascertain appropriate stock values averages 13.4 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 and August 2023.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Berger Paints dipped 58 cents to end at $10.40 in exchanging 6,600 shares, Caribbean Cement declined 60 cents in closing at $57.10 with a transfer of 60,204 units, Caribbean Producers dropped 64 cents after ending at $12.33 in switching ownership of 159,053 stock units. Eppley rose advanced $3.98 to $39 after trading 123 stocks, First Rock Real Estate gained $1.05 to close at $14.05 with 14,656 stock units crossing the market, GraceKennedy fell $3.50 to close at $83 after clearing the market with 159,196 stocks. Guardian Holdings shed $29.98 to $500 as investors exchanged 212 units, Jamaica Producers lost $1.70 to finish at $17.90 with an exchange of 3,529 shares, JMMB Group shed 74 cents in closing at $37.55 in transferring 3,674 shares. Kingston Properties rallied 44 cents to end at $7 with the swapping of 4,822 stock units, Kingston Wharves rose 70 cents to end at $37 trading 1,204 units, Mayberry Jamaican Equities dropped 76 cents to $13.20 in exchanging 524 stocks. 138 Student Living gained 44 cents in closing at $4.92 with investors transferring 2,026,320 units, PanJam Investment climbed $1 to close at $54.50 with the swapping of 400 stocks, Seprod popped $3.50 to settle at $71 after trading 11,920 shares and Supreme Ventures lost 96 cents to end at $27.99 after exchanging 14,148 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.