Steady trading on the JSE Main Market

Main Market trading was steady on Friday, with the volume and value of stocks traded close to Thursday’s levels after trading took place in 57 securities compared to 58 on Thursday on the Jamaica Stock Exchange Main Market and ended, with 19 rising, 21 declining and 17 ending unchanged.
A total of 9,143,240 shares were exchanged for $81,104,853 compared with 10,652,600 units at $71,783,616 on Thursday. Trading averaged 160,408 units at $1,422,892, versus 183,666 shares at $1,237,649 on Thursday and month to date, an average of 154,055 units at $1,606,991, compared to 153,352 units at $1,627,367 on the previous trading day. September closed with an average of 533,719 units at $5,494,282.
Transjamaican Highway led trading with 1.80 million shares for 19.6 percent of total volume followed by Wigton Windfarm with 1.47 million units for 16.1 percent of the day’s trade, Caribbean Producers ended with 1.26 million units for 13.8 percent of trading and QWI Investments with 1.19 million units for 13 percent market share.
The All Jamaican Composite Index fell 500.21 points to 406,374.06, the JSE Main Index declined 358.44 points to 355,737.49 and the JSE Financial Index dipped 0.04 points to 85.64.
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 seven stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments declined $2.04 ending at $104.20 clearing the market with 181,009 units, Caribbean Cement rose 50 cents to close at $59.50 after a transfer of 37,879 stocks. Caribbean Producers fell 64 cents to end at $12.50 while exchanging 1,258,697 stock units, Eppley lost 50 cents to end at $38.50 in exchanging 230 stock units, Eppley Caribbean Property Fund dipped $4 to close at $40, with 11,184 shares crossing the exchange. Guardian Holdings dropped $5 to $500 with an exchange of 752 stocks, JMMB Group increased 45 cents in closing at $38.45 with investors transferring 14,379 units, Massy Holdings advanced $1.50 to end at $84, seven shares changing hands. NCB Financial fell $1 to $89 in switching ownership of 33,107 stock units, Palace Amusement lost $19.98 to close at $730.02 after trading four units, PanJam Investment dipped $1 to $56 after 1,206 stocks crossed the market. Proven Investments popped $1 to end at $31 after exchanging 501 stock units, Sagicor Group rallied 50 cents in closing at $50.50 after 99,108 stocks changed hands, Scotia Group climbed 55 cents after ending at $35.55 in trading 60,131 shares. Sygnus Real Estate Finance declined $1.05 to close at $9.25 as investors exchanged 200 units and Wisynco Group gained 70 cents in ending at $19.20 with a transfer of 18,537 stocks.
In the preference segment, 138 Student Living preference share shed $1 to end at $67 after trading 36 stock units and Productive Business Solutions shed $49 in closing at $1100 in an exchange of 450 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.