Stocks skidded on JSE Main Market

Trading activity on the Jamaica Stock Exchange Main Market ended on Thursday, with the volume of stocks traded rising 21 percent but with a 56 percent lower value than Wednesday, with trading in 53 securities compared with 50 on Wednesday, and ended with 14 rising, 23 declining and 16 ending unchanged.
A total of 9,151,844 shares were traded for $35,266,609 versus 7,549,896 units at $79,965,770 on Wednesday.
Trading averaged 172,676 shares at $665,408 compared with 150,998 units at $1,599,315 on Wednesday and month to date, an average of 345,517 units at $1,648,935 compared to 356,373 units at $1,710,697 on the previous day. July closed with an average of 283,368 units at $2,135,482.
QWI Investments led trading with 2.91 million shares for 31.7 percent of total volume, followed by Wigton Windfarm with 1.94 million units for 21.2 percent market share and Transjamaican Highway ended with 1.31 million units for 14.3 percent of the day’s trade.
The All Jamaican Composite Index skidded 1,860.37 points to close at 355,008.73, the JSE Main Index dived 3,329.09 points to settle at 320,306.69 and the JSE Financial Index fell 1.14 points to close at 70.41.
The PE Ratio, a formula used to compute appropriate stock values, averages 12.8 for the Main Market. The JSE Main and USD Market PE ratios are calculated using the last traded prices in conjunction with ICInsider.com forecasted earnings for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Cement climbed 50 cents to end at $52 in switching ownership of 247 shares, Eppley Caribbean Property Fund fell $1.94 to $40 in trading 4,648 stocks, First Rock Real Estate declined $1.04 and ended at $7.71 with investors exchanging 4,414 units, Guardian Holdings dropped $37.84 to close at $401.91 after an exchange of a mere 2 shares. Jamaica Producers gained $1.49 to close at $19.49 with an exchange of 1,048 units, Massy Holdings dipped 90 cents and ended at $100.10 after 32,732 stocks passed through the market, Mayberry Jamaican Equities rose 40 cents to $11.40 with 78,223 stocks changing hands, MPC Caribbean Clean Energy skidded $12.30 to $69.70 with 2,285 shares clearing the market. NCB Financial shed $2 to close at $73 with investors dealing in 12,895 units, Sagicor Group increased $2.82 to $46.90 with traders exchanging 2,625 shares, Seprod dipped 50 cents in closing at $67.50 with 6,941 stocks crossing the market. Supreme Ventures shed 46 cents and ended at $27.99 with an exchange of 176,814 stocks, Sygnus Credit Investments popped 55 cents to end at $11.99 after trading 25,143 units and Wisynco Group skidded 84 cents to close at $17.01 with a transfer of 123,716 shares.
In the preference segment, Eppley 7.50% preference share dipped 49 cents to $5.51, with 17,000 stocks changing hands, Eppley 7.75% preference share fell $1.85 to close at $18.20 as investors exchanged 10,000 stock units. Jamaica Public Service 7% lost $5 and ended at $50 in an exchange of 1,000 units and Jamaica Public Service 9.5% dived $249.99 to end at $2800.01 after just one stock was traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.