Declining stocks outnumbered those rising three to one at the close of trading on the Trinidad and Tobago Stock Exchange on Monday, after a moderate decline in the volume of stocks traded following an 82 percent fall in the value compared to Friday, resulting from trading in 18 securities compared with 22 on Friday and leading to three stocks rising, nine declining and six remaining unchanged.
Investors exchanged 140,825 shares for $1,141,837 versus 145,467 stock units at $6,472,009 on Friday.
Trading averaged 7,824 shares at $63,435 compared with 6,612 units at $294,182 on Friday, with trading month to date averaging 10,002 shares at $178,456 compared to 10,328 units at $195,708 on the previous day. The average trade for May amounts to 23,500 shares at $216,502.
The Composite Index popped 1.87 points to end at 1,234.44, the All T&T Index climbed 7.39 points to 1,898.86, the SME Index remained at 70.94 and the Cross-Listed Index dipped 0.56 points to settle at 73.25.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s ended at $68.80 with investors transferring 170 shares, Angostura Holdings remained at $23.10 after 40 stocks were traded, Calypso Macro Investment Fund ended at $21.80 as 250 units passed through the market. First Citizens Group climbed $1.49 to $48.99 in an exchange of 2,121 stock units, GraceKennedy rose 20 cents to $3.35, with 3,275 stock units crossing the market, Guardian Holdings shed 49 cents to close at $20.07 with a transfer of 2,299 units. JMMB Group fell 3 cents and ended at a 52 weeks’ low of $1.35 in an exchange of 24,002 shares, Massy Holdings remained at $4.92 with 5,501 shares being traded, National Enterprises lost 14 cents in closing at $3.40 with an exchange of 15,000 stocks. NCB Financial dropped 25 cents to end at a 52 weeks’ low of $2.75 as investors exchanged 61,153 stock units, 
One Caribbean Media remained at $3.70 with 300 units being traded, Prestige Holdings ended at $8 with 715 shares crossing the exchange. Republic Financial declined 7 cents to $128.93 after a transfer of 1,616 shares, Scotiabank increased 42 cents to end at $76.50, with 2,528 stocks clearing the market, Trinidad & Tobago NGL dipped 25 cents to $18 in switching ownership of 6,916 units. Trinidad Cement slipped 1 cent to end at $2.50 after 4,000 stock units were exchanged, Unilever Caribbean dipped 51 cents in closing at a 52 weeks’ low of $11.99, with 8,049 stock units changing hands and West Indian Tobacco dropped 50 cents to close at a 52 weeks’ low of $12.50 after 2,890 stocks were traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Falling stocks batter risers on Trinidad Exchange
Kremi heads ICTOP10 as Lasd gains 19%
There was much activity in the Junior Market this past week, with the market index bouncing over the 3,800 mark for the first time since the middle of March, resulting in Caribbean Cream moving to $4.45 during the week but closed at $3.20 after traders pushed the stock down sharply on Friday, but Lasco Distributors shot to $3.31 and Lasco Manufacturing to $4.48 at the close with both moving out of the Junior Market ICTOP10.
Lasco Distributors and Lasco Manufacturing are still priced at less than 10 times 2023 fiscal year earnings when many others are priced over 15 times. Additionally, the company’s directors meet this week to consider dividends. Distributors is seemingly set to pay around 12 cents per share and Manufacturing 13 cents. With the dividend likely to be paid in July, the annual yield will equate to 42 percent and 35 percent, respectively, if the shares were acquired now. Replacing the two Lasco Companies are iCreate following a drop in the price to 95 cents and Edufocal closing at $1.78.
The Main Market TOP10 stocks remained the same as the week before, with the market struggling throughout the week, with four days of significant declines in the market index as selling pressure pushed prices down, resulting in just one stock, Transjamaican moving up in ICTOP10 with the largest gain of just 4 percent, with the stock hitting a record closing high of $2.11 on Friday. The chart shows it has the potential to gain another 200 percent. Berger Paints fell 9 percent to a 52 weeks’ low of $6.87, followed by JMMB Group with a loss of 4 percent to close at one year low of $28.75, Jamaica Broilers is down 3 percent to $35 and Scotia Group dipped 3 percent to $33.60 despite reporting increased profit for the first half of the 2023 fiscal year, with the second quarter almost doubling the similar quarter in 2022.
Lasco Distributors climbed 19 percent following an 11 percent rise last week to close at $3.31 and is up 59 percent from the 2023 low of $2.08 in April. Five stocks rose 6 percent: Caribbean Assurance Brokers, Dolphin Cove, General Accident, Consolidated Bakeries and Lasco Manufacturing, while One on One slipped 3 percent at the end of the week to be the biggest loser.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 5.7, well below the market average of 13.2. The Main Market TOP10 is projected to have an average of 265 percent, to May 2024, based on 2023 forecasted earnings.
The 15 most highly valued Main Market stocks are priced at a PE of 15 to 98, with an average of 30 and 20 excluding the highest PE stocks and 18 for the top half excluding the stocks with the highest valuation.
The Junior Market Top 10 PE sits at 5.3 compared with the market at 10.4. There are 10 stocks representing 21 percent of the market, with PEs from 15 to 25, averaging 19 are well above the market’s average. The top half of the market has an average PE of 15, possibly the lowest fair value for Junior Market stocks currently. Junior Market is projected to rise by 283 percent to May 2024.
The differences between the average PE ratio of the Main and Junior Markets and the overall market valuation are important indicators of the likely gains for ICTOP10 stocks.
ICTOP10 focuses on likely yearly winners. Accordingly, the list includes some of the best companies in the market but not always. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns up to the end of May 2023 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
Trading slips on JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Friday, with the volume of stocks changing hands rising 219 percent with a marginally lower value than on Thursday, resulting in the trading of just five securities, compared to 10 on Thursday and ending with prices of one rising, two declining and two ending unchanged.
Overall, 857,775 shares were traded for US$11,508 compared to 269,277 units at US$11,912 on Thursday.
Trading averaged 171,555 units at US$2,302 versus 26,928 shares at US$1,191 on Thursday, with a month to date average of 45,372 shares at US$1,374 compared to 31,656 units at US$1,273o n the previous day. May ended with an average of 43,350 units for US$2,759.
The US Denominated Equities Index gained 0.12 points to 239.50.
The PE Ratio, a measure used in computing appropriate stock values, averages nine. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close, Proven Investments fell 0.1 of a cent to 16.9 US cents in an exchange of 227 shares, Sterling Investments ended at 1.68 US cents, with 2,321 stocks clearing the market, Sygnus Credit Investments ended at 11 US cents with investors transferring 350 units. Sygnus Real Estate Finance USD share dipped 0.12 of a cent to close at 11 US cents with a transfer of one stock unit and Transjamaican Highway increased 0.06 of a cent in closing at 1.4 US cents with 854,876 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
NCB dominates trading on Friday
Share of NCB Financial commanded the largest portion of the volume and value of stocks trading on Friday, with 22.75 million shares valued at $1.55 billion as trading activity on the Jamaica Stock Exchange Main Market ended on Friday, with the volume of stocks traded rising 174 percent and the value surging 1,006 percent over Thursday, after trading in 51 securities compared with 61 on Thursday, with 20 rising, 20 declining and 11 ending unchanged.
A total of 35,821,582 shares were traded for $1,604,168,706 compared to 13,055,782 units at $145,021,241 on Thursday.
Trading averaged 702,384 shares at $31,454,288 versus 214,029 shares at $2,377,397 on Thursday and month to date, an average of 261,783 units at $5,114,072 versus 196,079 units at $1,186,146 on the previous day. May closed with an average of 226,361 units at $1,362,447.
NCB Financial led trading with 22.75 million shares for 63.5 percent of total volume followed by Transjamaican Highway with 4.92 million units for 13.7 percent of the day’s trade and ended with the price ending at a 52 weeks’ closing high of $2.11, Wigton Windfarm ended with 2.54 million units for 7.1 percent market share and Sagicor Select Financial Fund with 2.19 million units for 6.1 percent of total volume.
The All Jamaican Composite Index dived 2,291.49 points to 361,603.11, the JSE Main Index declined by 2,486.07 points to close at 327,334.20 and the JSE Financial Index fell by 1.12 points to end at 73.21.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.2 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Barita Investments lost 90 cents to close at a 52 weeks’ low of $74.10, with 2,201 shares changing hands, Berger Paints declined $1.21 to close at a 52 weeks’ low of $6.87 as investors exchanged 78,000 stocks, Eppley increased $1.08 to end at $37 after trading 3 units, Eppley Caribbean Property Fund climbed 30 cents and ended at $42.99 in an exchange of 271 stock units. First Rock Real Estate gained 62 cents in closing at $10.77 in switching ownership of 24,747 shares, 
GraceKennedy rose 90 cents to end at $78.90 in an exchange of 43,296 stocks. Guardian Holdings rallied $35 and ended at $485 with shareholders swapping 5,377 shares, Jamaica Broilers rose $1.99 to $35 in trading 218,282 units Jamaica Stock Exchange shed $1 to end at a 52 weeks’ closing low of $12 with investors trading 131,493 units, Kingston Properties fell 37 cents to close at $7.10 with an exchange of 5,000 units. Mayberry Investments dipped 50 cents to $8, with 227,543 stocks crossing the exchange, NCB Financial dropped $1 to close at $68, with 22,747,667 shares clearing the market, Palace Amusement popped 30 cents in closing at $2.98 with a transfer of 2,810 stock units. Pan Jamaica Group lost 50 cents and ended at $51.50 with an exchange of 5,684 shares, Proven Investments gained 70 cents to end at $26.01, with 2,012 units crossing the market, Sagicor Group rallied $1.50 to end at $50.50 after exchanging 27,716 stocks. Scotia Group dropped 58 cents and ended at $33.60 after a transfer of 277,369 units following the release of half year results that showed increased profit and 
Seprod rose $3.87 in closing at $72.50 while exchanging 7,135 stock units.
In the preference segment, Eppley 7.50% preference share climbed $1.28 to $7.48 after an exchange of 90 shares, Jamaica Public Service 7% declined $3.35 to close at $60.48 after 16 stocks crossed the market and 138 Student Living preference share advanced $13.99 to end at $87.99 as 10 stock units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market holds on to 3,800 handle
The volume of stocks traded jumped 141 percent on the Junior Market of the Jamaica Stock Exchange on Friday, with a 98 percent increase in the value compared to Thursday, following trading in 41 securities similar to trading on Thursday with the market ending with prices of 19 rising, 15 declining and seven closing unchanged.
Trading closed with an exchange of 15,463,887 shares for $32,509,692 compared with 6,422,074 units at $16,407,108 on Thursday.
Trading averaged 377,168 shares at $792,919 compared to 156,636 shares at $400,173 on Thursday, with a month to date, average of 199,598 units at $562,522 compared to 171,380 stock units at $525,908 on the previous day. May closed with an average of 239,954 units at $648,811.
EduFocal led trading with 10.04 million shares for 64.9 percent of total volume followed by JFP Ltd with 1.59 million units for 10.3 percent of the day’s trade and Fosrich with 905,139 units for 5.9 percent market share.
At the close, the Junior Market Index dipped 0.84 points to settle at 3,806.04, with the market closing above 3,800 points for a third day after trading opened at 3,854.64.
The PE Ratio, a measure of computing appropriate stock values, averages 10.4. The PE ratios of Junior Market stocks are computed using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial dipped $2.83 to close at $22.32, with 2,575 shares crossing the exchange, AMG Packaging rallied 17 cents in closing at $2.67, with 2,691 stock units changing hands, Caribbean Cream shed $1.20 to end at $3.20 after opening at $4.40 and ended with 213,135 stocks crossing the market, Consolidated Bakeries climbed 10 cents to $2.40 after an exchange of 1,000 units. Derrimon Trading increased 8 cents to $1.98 with shareholders swapping 77,796 shares, Express Catering dipped 9 cents to $4.90 as 34,562 units passed through the market, Fontana lost 10 cents in closing at $9.70 after 96,764 stock units crossed the market, Fosrich fell 8 cents to end at $2.15 in switching ownership of 905,139 stocks. 
Future Energy Source rose 8 cents to close at $4.12 with an exchange of 218,150 stocks, General Accident rallied 77 cents to $5.28 following an exchange of 179,497 shares, GWest Corporation popped 15 cents to close at $1.04 after investors exchanged 100,000 stock units, iCreate declined 27 cents and ended at a 52 weeks’ low of 95 cents trading 201,813 units. Iron Rock Insurance dropped 20 cents to $2.15 as investors traded 1,500 shares, ISP Finance advanced $5.49 to end at $26.49 in trading 1,122 stock units, JFP Ltd climbed 13 cents to $1.75 while exchanging 1,593,585 units, Lasco Distributors rose 29 cents to $3.31 in an exchange of 21,706 stocks. Lasco Manufacturing rallied 23 cents in closing at $4.48 with a transfer of just 1,532 stocks, Limners and Bards advanced 15 cents to close at $2.35 with investors transferring 10,118 stock units, Lumber Depot popped 9 cents and ended at $2.29 after closing with 9,045 shares changing hands, Main Event increased 30 cents to end at a 52 weeks’ high of $14.80 after a transfer of 109,876 units. 
MFS Capital Partners dipped 9 cents to close at $3.10, with 288,337 stocks clearing the market, Regency Petroleum gained 11 cents to end at $2.99 with a transfer of 215,726 stock units and tTech fell 26 cents to $2.23 in trading 1,296 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Slippage on the Trinidad Stock Exchange
The Trinidad and Tobago Stock Exchange slipped on Friday, following the closure for the public holiday on Thursday and ended with a 33 percent fall in the volume of stocks traded even as the value jumped 136 percent over trading on Wednesday resulting in the trading of 22 securities compared to 24 on Wednesday, with four stocks rising, six declining and 12 remaining unchanged.
Investors exchanged 145,467 shares for $6,472,009 versus 218,148 stock units at $2,738,982 on Wednesday.
An average of 6,612 units were traded at $294,182 compared with 9,090 shares at $114,124 on Wednesday, with trading month to date averaging 10,328 units at $195,708 compared to 11,163 shares at $173,604 on the previous day. The average trade for May amounts to 23,500 shares at $216,502.
The Composite Index dipped 5.02 points to 1,232.57, the All T&T Index lost 8.52 points to settle at 1,891.47, the SME Index gained 1.67 points to finish at 70.94 and the Cross-Listed Index dipped 0.18 points to 73.81.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s ended at $68.80 after 100 shares were traded, Angostura Holdings ended at $23.10, with 1,226 stocks crossing the exchange, Ansa McAl closed at $50.99 in switching ownership of 1,064 units, Calypso Macro Investment Fund ended at $21.80 after 53 stocks crossed the market. Endeavour Holdings advanced 35 cents and ended at $13 after 20 stock units passed through the market, First Citizens Group shed $1.49 and ended at $47.50 with an exchange of 1,750 stocks, FirstCaribbean International Bank ended at $7.01 as investors exchanged 1,985 shares, Guardian Holdings climbed 51 cents to close at $20.56 while exchanging 1,355 units. JMMB Group lost 3 cents to close at a 52 weeks’ low of $1.38 with 15,000 stocks clearing the market, L.J. Williams B share remained at $2.80 in an exchange of 110 units, Massy Holdings remained at $4.92 with shareholders swapping 35,489 shares, National Enterprises fell 1 cent to close at $3.54 after a transfer of 1,589 stock units. 
National Flour Mills dipped 7 cents to $1.53 after an exchange of 6,150 stocks, NCB Financial closed at $3 in an exchange of 2,000 shares, One Caribbean Media remained at $3.70 with 3,329 units changing hands, Point Lisas ended at $3.05 after exchanging 9,111 shares. Prestige Holdings ended at $8 in trading 99 stocks, Republic Financial rose $1.62 and ended at $129 after 41,761 stock units crossed the market, Scotiabank gained 1 cent to close at $76.08 in trading 4,845 units. Trinidad & Tobago NGL declined 25 cents to end at $18.25 and closed with 3,560 shares changing hands, Unilever Caribbean dropped 17 cents to $12.50 with a transfer of 9,466 stocks and West Indian Tobacco remained at $13 after an exchange of 5,405 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Brutal day for the JSE Main Market
The Main Market of the Jamaica Stock Exchange dropped for a second day and the fourth time in five on Thursday, with the volume of stocks, traded rising 195 percent and the value 206 percent more than on Wednesday, with 61 securities trading compared with 54 on Wednesday, with 13 rising, 35 declining and 13 ending unchanged.
The All Jamaican Composite Index dropped 4,628.88 points to 363,894.60, the JSE Main Index shed 3,811.14 points to end at 329,820.27 and the JSE Financial Index dipped 0.31 points to 74.33.
A total of 13,055,782 shares were traded for $145,021,241, up sharply from 4,421,900 units at $47,368,868 on Wednesday.
Trading averaged 214,029 shares at $2,377,397 versus 81,887 shares at $877,201 on Wednesday and month to date, an average of 196,079 units at $1,186,146 compared to 192,182 units at $927,546 on the previous day. May closed with an average of 226,361 units at $1,362,447.
Supreme Ventures led trading with 3.98 million shares for 30.5 percent of total volume followed by Wigton Windfarm with 3.55 million units for 27.2 percent of the day’s trade and Transjamaican Highway with 2.72 million units for 20.8 percent of the day’s trade with the price hitting a record closing high of $2.09, with the stock rising more than 47 percent for the year to date, and have more room to rise.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.2 for the Main Market.The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments fell 95 cents to $75 with 31,858 shares clearing the market, Eppley dropped 98 cents in closing at $35.92 while 54 stocks were traded , Eppley Caribbean Property Fund increased $4.17 to $42.69 after 122 stock units crossed the market. First Rock Real Estate lost 62 cents to close at $10.15 as investors exchanged 19,090 units, Guardian Holdings shed $21 and ended at 52 weeks’ low of $450 in switching ownership of 6,612 shares, Jamaica Broilers dipped $1.99 to close at $33.01 with investors transferring 144,377 stock units. Jamaica Producers declined 60 cents in closing at $19.30, with 4,826 units changing hands, Jamaica Stock Exchange fell 39 cents and ended at $13 with shareholders exchanging 12,555 stocks, JMMB Group declined 90 cents to $29 after 55,520 shares crossed the market.
Kingston Wharves rose 88 cents to end at $30 as 1,595 units passed through the exchange, Margaritaville shed 32 cents to end at $17.99 and closed with an exchange of 248 stock units, Massy Holdings lost $2 in closing at $100 after an exchange of 5,940 stocks. Mayberry Investments dipped 50 cents in closing at $8.50 after 55,529 stock units were traded, Mayberry Jamaican Equities dipped 36 cents and ended at $10.50, with 12,090 stocks changing hands, MPC Caribbean Clean Energy advanced 50 cents to close at $70.50 with shareholders swapping 60 shares. NCB Financial fell 50 cents to end at $69 with an exchange of 206,811 units, 138 Student Living shed 34 cents in ending at $5.16 after a transfer of 556 units, Pan Jamaica gained $1.94 in closing at $52 in an exchange of 1,070 stocks. Proven Investments dipped 69 cents to $25.31 in trading 1,644 stock units, Sagicor Group popped 49 cents to close at $49 in an exchange of 15,228 shares, Scotia Group declined 32 cents in closing at $34.18 with a transfer of 41,311 stocks. Seprod dropped $1.37 to end at $68.63, with 16,107 stock units crossing the market, Supreme Ventures lost 70 cents to close at $25.99 after it traded at a 52 weeks’ intraday low of $20 and exchanged 3,984,502 units, Sygnus Real Estate Finance shed $2 ended at $11, with 40 shares changing hands.
In the preference segment, Eppley 5% preference share fell $3 to close at a 52 weeks’ low of $17 with a transfer of 58 shares, Eppley 7.50% preference share declined $1.28 to close at $6.20 after a transfer of 315 stocks. Jamaica Public Service 7% dipped $14.77 in closing at $63.83 in an exchange of 1,535 units and 138 Student Living preference share dropped $13.99 and ended at $74 after 41 stock units crossed the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD Market rises
Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks changing hands declining 64 percent but valued 13 percent more than on Wednesday, resulting in 10 securities traded, compared to eight on Wednesday with three rising, two declining and five ending unchanged.
A total of 269,277 shares were traded for US$11,912 compared with 757,348 units at US$10,500 on Wednesday.
Trading averaged 26,928 units at US$1,191 compared with 94,669 shares at US$1,312 on Wednesday, with a month to date average of 31,656 shares at US$1,273 compared with 32,970 units at US$1,296 on the previous day. May ended with an average of 43,350 units for US$2,759.
The US Denominated Equities Index rose 10.29 points to end at 238.38.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.9. The PE ratio is computed based on the last traded price of each stock divided by projected earnings done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and four with lower offers.
At the close, First Rock Real Estate USD share remained at 5 US cents after 190,635 shares were traded, MPC Caribbean Clean Energy ended at 55 US cents with shareholders swapping 2 stocks, Productive Business Solutions declined 6.3 cents in closing at US$1.837 in an exchange of 40 units. 
Proven Investments increased 0.01 of a cent and ended at 17 US cents with investors transferring 5,000 stock units, Sterling Investments popped 0.03 of a cent to close at 1.68 US cents after an exchange of 28,000 stocks, Sygnus Credit Investments remained at 11 US cents in switching ownership of 1,823 units. Sygnus Real Estate Finance USD share climbed 0.12 of a cent to close at 11.12 US cents with 1,550 shares clearing the market and Transjamaican Highway ended at 1.34 US cents with 42,181 shares changing hands.
In the preference segment, Eppley 6% preference share remained at US$1.40 after a transfer of one stock and JMMB Group 6% dipped 1 cent in closing at US$1.19 after an exchange of 45 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market closes flat as trading climbs
Trading closed on the Junior Market of the Jamaica Stock Exchange Thursday, with the volume of stocks traded rising 39 percent and the value 51 percent more than on Wednesday with trading in 41 securities compared with 40 on Wednesday and ended with 15 rising, 18 declining and eight unchanged.
Investors traded 6,422,074 shares for $16,407,108, up from 4,624,570 units at $10,856,038 on Wednesday.
Trading averaged 156,636 shares at $400,173, compared to 115,614 units at $271,401 on Wednesday and the month to date, an average of 171,380 units at $525,908 versus 174,165 stocks at $549,665 on the previous day. May closed with an average of 239,954 units at $648,811.
Fosrich led trading with 1.80 million shares for 28 percent of total volume, ONE on ONE Educational followed after trading 880,103 units for 13.7 percent of the day’s trade and Spur Tree Spices with 560,957 units for 8.7 percent market share.
At the close, the Junior Market Index dipped 1.81 points to finish at 3,806.88.
The PE Ratio, a measure of computing appropriate stock values, averages 10.3. The PE ratios of Junior Market stocks are computed using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial advanced $2.55 to end at $25.15 after an exchange of 161 shares, AMG Packaging lost 17 cents in closing at $2.50 after a transfer of 631 stock units, Caribbean Assurance Brokers rose 40 cents to $2.54 as 43,097 units passed through the market. Caribbean Cream rose 40 cents in ending at $4.40 after an exchange of 28,250 stocks, Caribbean Flavours dipped 12 cents to close at $1.24, with 2,304 units changing hands, Derrimon Trading shed 10 cents to end at $1.90 with shareholders trading 245,792 stocks. Dolphin Cove increased 80 cents to end at $15.96 with a transfer of 5,612 shares, EduFocal declined 10 cents to end at $1.80, with 343,689 units crossing the market, Express Catering gained 10 cents to close at $4.99 in an exchange of 1,989 shares. 
Fosrich climbed 8 cents in closing at $2.23 in switching ownership of 1,798,858 stocks, Future Energy Source fell 8 cents and ended at $4.04 with investors transferring 470,127 stock units after trading at an intraday low of $3.90, iCreate dropped 8 cents to end at $1.22 in an exchange of 39,848 units. KLE Group rallied 15 cents to close at $1.80 with shareholders swapping 23,405 shares, Knutsford Express gained 24 cents in closing at $11.78, with 80 units crossing the exchange, Lasco Distributors lost 38 cents in closing at $3.02 after trading ended with 68,439 stock units changing hands. Lasco Manufacturing dipped 23 cents to close at $4.25 while exchanging 820 stocks, Mailpac Group shed 9 cents in closing at $1.86, with 150,533 units crossing the market, Main Event rallied 20 cents to end at $14.50 and closed after 25,948 shares were exchanged,
Medical Disposables declined 35 cents to $4.50, with 8 stock units clearing the market and Regency Petroleum dropped 10 cents and ended at $2.88 as investors exchanged 371,035 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Falling stocks dominate JSE Main Market
Stocks mostly fell on the Jamaica Stock Exchange Main Market ended on Wednesday, following a decline in the volume of stocks traded by 38 percent but with a 17 percent rise in the value compared to trading on Tuesday. 
Trading occurred in 54 securities down from 57 on Tuesday, with five rising, 23 declining and 26 left unchanged.
A mere 4,421,900 shares were traded for $47,368,868 versus 7,123,490 units at $40,413,642 on Tuesday.
Trading averaged 81,887 shares at $877,201 compared to 124,974 shares at $709,011 on Tuesday and month to date, an average of 192,182 units at $927,546 compared with 218,420 units at $939,523 on the previous day. Trading in May closed with an average of 226,361 units at $1,362,447.
Wigton Windfarm led trading with 1.21 million shares for 27.3 percent of total volume followed by Transjamaican Highway with 737,468 units for 16.7 percent of the day’s trade and Key Insurance with 508,355 units for 11.5 percent market share. 
The All Jamaican Composite Index dipped 2,652.86 points to end trading at 368,523.48, the JSE Main Index shed 2,552.97 points to close at 333,631.41 and the JSE Financial Index dropped 0.41 points to 74.64.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.2 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cement dropped $4.64 and ended at $51.14 with a transfer of 91,386 shares, Caribbean Producers lost 30 cents in closing at $9.70, with 34,881 units crossing the exchange, Eppley Caribbean Property Fund fell $1.50 to end at $38.52 with shareholders swapping 270 stock units. 
First Rock Real Estate gained 76 cents to close at $10.77 after 1,100 shares were traded. GraceKennedy shed 90 cents in closing at $78, with 15,828 stocks changing hands, Guardian Holdings fell $4 to $471 in switching ownership of 20 shares. JMMB Group increased 40 cents to close at $29.90, with 11,388 units crossing the market, Kingston Wharves dropped 88 cents and ended at $29.12 in an exchange of 6,121 stock units, Mayberry Jamaican Equities dipped 34 cents to $10.86 with 62 units clearing the market. NCB Financial declined 50 cents in closing at $69.50 after 217,592 stock units were traded, Pan Jamaica Group lost $1.94 to close at $50.06 with an exchange of 2,889 shares, Sagicor Group shed $1.49 and ended at $48.51 while exchanging 58,698 stocks and Seprod fell $3.50 to end at $70 after exchanging 20,755 units.
In the preference segment, Jamaica Public Service 7% preference share rallied $11.88 in closing at $78.60 with investors transferring 238 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
