Stocks lost ground on the JSE Main Market

Trading on the Jamaica Stock Exchange Main Market ended on Wednesday, with a 43 percent fall in the volume of stocks traded at a 38 percent lower value than on Tuesday, with trading in 62 securities compared with 60 on Tuesday, with prices of 15 stocks rising, 25 declining and 22 ending unchanged.
The market closed with 8,091,866 shares being traded for $89,053,515 compared with 13,924,449 units at $141,822,725 on Tuesday.
Trading averaged 130,514 shares at $1,436,347 compared to 240,077 units at $2,408,705 on Tuesday and month to date, an average of 878,131 units at $2,354,246 compared to 922,487 units at $2,408,705 on the previous day and February with an average of 387,306 units at $3,375,928.
Transjamaican Highway led trading with 3.84 million shares for 47.5 percent of total volume followed by Wigton Windfarm with 1.03 million units for 12.8 percent of the day’s trade and Carreras with 404,211 units for 5 percent market share.
The All Jamaican Composite Index shed 2,210.62 points to close at 366,309.30, the JSE Main Index dipped 1,536.68 points to settle at 327,011.25 and the JSE Financial Index sank 1.00 points to settle at 69.63.
The Main Market ended trading with an average PE Ratio of 13.3. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with financial year ending around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, AS Bryden advanced $1.95 in closing at $39.50 with an exchange of 31 shares, Caribbean Cement dipped $1 to $56 with an exchange of 24,911 units, First Rock Real Estate fell 48 cents and ended at $10 with investors dealing in 109,503 shares. General Accident skidded 62 cents to end at $5.48 in an exchange of 104,707 stock units, GraceKennedy lost 85 cents to close at $73.15 with traders dealing in 402,893 shares, Guardian Holdings popped $15 to $366 as investors exchanged 353 stock units. Jamaica Producers climbed $1 and ended at $23.50 with a transfer of 170,650 stocks, JMMB Group shed 49 cents to close at $25 while exchanging 18,296 units, Kingston Wharves declined 40 cents in closing at $30 with investors trading 2,197 stocks. Lasco Manufacturing migrated to the Main market on Wednesday and rose 70 cents to end at $6.10 in an exchange of a mere 620 units, following an absence of meaningful offers to sell. Massy Holdings sank $1 in closing at $89, with 425 shares changing hands, Mayberry Group dropped 68 cents to $7.20 with an exchange of 2,660 stock units. MPC Caribbean Clean Energy sank $1.50 and ended at $93.50, with investors trading 52 shares, NCB Financial declined 70 cents to close at $65 with a transfer of 102,264 stocks, Portland JSX fell 40 cents to end at $10.50 after exchanging 79 units. Sagicor Group skidded $1.78 in closing at $40 with investors swapping 90,279 stock units, Seprod rallied 85 cents to $84.55 with 3,750 shares clearing the market, Stanley Motta lost 57 cents to close at $6.92 in switching ownership of 20,352 stock units. Sygnus Credit Investments shed 43 cents to end at $10.80, with 30,061 stocks crossing the market, Sygnus Real Estate Finance increased 91 cents and ended at $11.01 in trading 4,794 units and Wisynco Group dropped 50 cents to $20.50 after a transfer of 6,113 stocks.
In the preference segment, Eppley 7.50% preference share dipped $1.21 to end at $5.08, with 10,840 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.