Declining stocks were the most standout developments on the Trinidad and Tobago Stock Exchange on Wednesday, with 17 securities trading up from 16 on Tuesday, with two stocks rising, six declining and nine remaining unchanged as 135 percent more funds entered the market than Tuesday, with the volume of stocks traded fell 28 percent.
The Composite Index lost 9.19 points to close at 1,379.82, the All T&T Index slipped 1.65 points to 2,041.04 and the Cross-Listed Index declined 2.42 points to settle at 94.10.
Overall 148,885 shares traded for $4,988,993 versus 207,854 units at $2,120,643 on Tuesday. An average of 8,758 shares traded at $293,470 compared to 12,991 shares at $132,540 on Tuesday, and trading month to date averages 60,925 units at $507,789 versus 64,297 units at $521,642 on the previous day. The average trade for May amounts to 45,890 units at $370,328.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and one stock with a lower offer.
At the close, Agostini’s declined 5 cents to end at $47.20 while exchanging 150 shares, Angostura Holdings ended unchanged at $23, with 1,248 units changing hands, First Citizens Group gained $1 to close at $51 in trading 2,385 stocks. FirstCaribbean International Bank finished at $5 with 16,230 stock units clearing the market, Guardian Holdings fell 2 cents in closing at $27.30 after trading 50,000 shares, JMMB Group remained at $2.30 with the swapping of 2,031 stocks. L.J. Williams B share ended at $2.08 with one stock unit crossing the market, Massy Holdings lost 1 cent in closing at $5.19, with 14,950 units changing hands, 
National Enterprises shed 1 cent to $3.24 in switching ownership of 965 units. National Flour Mills ended at $1.70 in an exchange of 220 stock units, NCB Financial Group dropped 35 cents to close at a 52 weeks’ low of $5.30, with 635 shares crossing the exchange, Republic Financial Holdings finished at $141 after exchanging 11,899 stocks. Scotiabank remained at $78 in trading 12,974 stock units, Trinidad & Tobago NGL finished at $20.80 with an exchange of 2,500 shares, Trinidad Cement declined 8 cents to $3.80 in exchanging 9,765 stocks. Unilever Caribbean ended at $12.75 after 305 units crossed the market and West Indian Tobacco advanced 11 cents to $23.40, trading 22,627 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Declining stocks standout on the TTSE
Modest gain for JSE main market
Moderately more shares were exchanged on the Jamaica Stock Exchange Main Market on Tuesday valued 108 percent more than on Monday Market activity ended, with the prices of rising stocks falling behind declining ones.
The All Jamaican Composite Index gained 501.91 points to end at 435,913.02, the JSE Main Index rallied 603.43 points to 381,610 and the JSE Financial Index increased 0.14 points to settle at 91.31.
Trading ended with 52 securities compared to 54 on Monday, with 17 rising, 22 declining and 13 ending unchanged.
The PE Ratio, a formula used in ascertaining appropriate stock values, averages 14.1 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years, ending up to the close of August 2023.
Overall, 14,229,124 shares were exchanged for $463,454,123 versus 13,828,390 units at $222,616,334 on Monday. Trading averages 273,637 units at $8,912,579, compared to 256,081 shares at $4,122,525 on Monday and month to date, an average of 258,926 units at $4,053,482, compared to 257,923 units at $3,722,324 on the previous trading day. May closed with an average of 238,645 units at $3,561,016.
Productive Business Solutions 9.75% Preference share led trading with 3.63 million shares for 25.5 percent of total volume, followed by Transjamaican Highway with 2.64 million units for 18.6 percent of the day’s trade, Wigton Windfarm traded 1.49 million units for 10.4 percent market share and Sagicor Select Financial Fund ended with 1.13 million units for 8 percent market share.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and one stock with a lower offer.
At the close, Caribbean Cement rose $1.50 to $64.50 with the swapping of 51,968 shares, Eppley lost $2.50 in ending at $40 after exchanging 2,930 units, Eppley Caribbean Property Fund dropped $2 to close at $40 in switching ownership of 4,502 stock units. First Rock Capital gained 99 cents to end at $13, with 12,625 stocks crossing the exchange, GraceKennedy declined $1.50 in closing at $103 in trading 29,388, units, Guardian Holdings fell $9.50 in closing at $497.50 with an exchange of 35 stock units. Jamaica Broilers popped 50 cents to close at $26.50 in trading 22,882 shares, Jamaica Producers shed 89 cents to end at $20.51, with 21,247 stocks changing hands, Jamaica Stock Exchange declined $1 in ending at $17.50 with 58,695 shares clearing the market. JMMB Group lost 51 cents to end at $42.49 while exchanging 62,861 stock units, Kingston Wharves advanced 70 cents in closing at $37 in trading 2,432 units, Mayberry Investments fell 50 cents to $10.50 as 69,355 stocks changed hands. MPC Caribbean Clean Energy increased $10.50 to $106.50 after exchanging 180 stocks, NCB Financial climbed $4.20 to close at $101.20, with 60,622 shares crossing the market, Proven Investments dropped 97 cents to end at $36.03 after trading 68,396 units. 
Seprod shed $1.60 to close at $70, with 8,883 stock units crossing the market, Supreme Ventures lost 67 cents to end at $29.63 after trading 260,691 units, Sygnus Real Estate Finance declined $1.45 in closing at $14 and closing with 2,296 stock units changing hands.
In the preference segment, Jamaica Public Service 9.5% dropped $200 ending at $2800, with 5 stock units crossing the market and Productive Business Solutions 9.75% preference share rallied $8.25 to $108.25 in an exchange of 3,625,207 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Fall for JSE USD market
Trading activity dropped on the Jamaica Stock Exchange US dollar market on Tuesday, with the volume of stocks trading declining 54 percent and the value down 76 percent from Monday, resulting in more stocks falling than rising.
Four securities traded, down from eight on Monday, with one rising, two declining and one ending unchanged. The JSE US Denominated Equities Index lost 1.28 points to end at 212.55.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.3. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Overall, 152,805 shares traded for US$11,186, down from 335,526 units at US$46,352 on Monday. Trading averaged 38,201 units at US$2,797, compared to 41,941 shares at US$5,794 on Monday, with a month to date average of 75,922 shares at US$4,107 versus 77,373 units at US$4,158 on the previous day. May ended with an average of 47,916 units for US$3,528.
Investor’s Choice bid-offer indicator shows two ended with higher bids than the last selling prices 
and two stocks with lower offers.
At the close, Proven Investments fell 0.98 of one cent to 25.02 US cents in trading 40,231 shares, Sygnus Credit Investments USD share declined 0.02 of a cent in closing at 12.97 US cents after 668 stocks changed hands, Sygnus Real Estate Finance USD share remained at 11.5 US cents after an exchange of 752 shares and Transjamaican Highway rose 0.11 of a cent to close at 0.95 of a US cent with an exchange of 111,154 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Dolla pushes junior market trading – Tuesday
Trading surged on the Jamaica Stock Exchange Junior Market on Tuesday, with Dolla Financial trading 63 million shares for 86 percent of the total as the volume of stocks that changed hands rose 134 percent and the value 132 percent more than on Monday as 73,506,120 shares changed hands for $255,054,005, up from 31,376,263 units at $109,876,239 on Monday.
Trading averaged 1,884,772 shares at $6,539,846, up from 697,250 shares at $2,441,694 on Monday, with the month to date, averaging 372,314 units at $1,427,027 versus 269,551 units at $1,079,640 on the previous trading day. May closed with an average of 376,907 units at $1,638,631.
Thirty-nine securities traded down from 45 on Monday, and ended with 26 rising, ten declining and three closing unchanged. The Junior Market Index popped 75.60 points to close at 4,389.62.
The PE Ratio, a measure in computing appropriate stock values, averages 13. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Trading in Dolla Financial was followed by JFP Limited with 1.51 million units for 2 percent of the day’s trade, Future Energy Source ended with 1.18 million units for 1.6 percent market share and Spur Tree Spices with 1.07 million units for 1.5 percent market share.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and seven stocks with lower offers.
At the close, Access Financial declined 35 cents in ending at $19.95, with 28,293 shares changing hands, AMG Packaging gained 73 cents to close at a 52 weeks’ high of $4.48 in trading 626,836 units, CAC 2000 increased 52 cents to end at $8.90 in an exchange of 5,913 stocks. Caribbean Cream rose 13 cents to $5.15 after exchanging 50,401 stock units, Consolidated Bakeries lost 9 cents in closing at $1.29, with 13,031 shares crossing the market, Derrimon Trading advanced 10 cents to $2.77, with 309,577 stock units changing hands. Dolla Financial rallied 15 cents to end at a record closing high of $3.22 after exchanging 63,282,211 stocks, Dolphin Cove popped 38 cents to close at $17.93 in switching ownership of 104,567 units, EduFocal fell 16 cents in ending at $2.90 while exchanging 542,360 stock units. Elite Diagnostic climbed 8 cents in closing at $3.38 with an exchange of 162,304 shares, Express Catering shed 40 cents to end at $5.45 after trading 8,677 units, Fontana popped 55 cents to $10.61 and closed with 71,528 stocks changing hands. Fosrich advanced $4 in closing at $34, with an exchange of 246,703 units, Future Energy Source gained 11 cents in ending at $6.21 with the swapping of 1,181,766 shares, General Accident climbed 20 cents to close at $5.80, with 1,471 stock units clearing the market. GWest Corporation rallied 18 cents to $1.18 in exchanging 65,495 stocks, Jamaican Teas increased 9 cents in closing at $3.20 in trading 65,327 stocks, JFP Limited rose 7 cents to end at $1.69 in exchanging 1,505,005 units. 
Lasco Distributors advanced 12 cents to $3.22 after exchanging 10,900 stock units, Lasco Manufacturing increased 49 cents to close at $4.99 after trading 23,099 shares, Limners and Bards popped 10 cents in closing at $2.95, with 473,266 stocks crossing the exchange. Mailpac Group dropped 12 cents to end at $2.68 while exchanging 752,394 units, Medical Disposables jumped $1.15 to $7.45, with an exchange of 32,237 shares, Paramount Trading rose 14 cents to $1.99, with 64,151 stock units crossing the market. Spur Tree Spices rallied 22 cents to close at $3.97 after exchanging 1,070,114 shares, SSL Venture fell 61 cents to end at $3.38 with the swapping of 497,082 stock units and tTech climbed 63 cents to $3.75 in switching ownership of 264 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading soften on Trinidad Stock Exchange
Fresh from closing on Monday for a public holiday, market activity ended on the Trinidad and Tobago Stock Exchange on Tuesday, with a 63 percent fall in the volume of stocks traded, with a 56 percent lower value than Friday.
A total of 16 securities traded compared to 18 on Friday, with three rising, six declining and seven ending unchanged. The Composite Index fell 3.08 points to 1,389.01, the All T&T Index dropped 2.96 points to 2,042.69 and the Cross-Listed Index dipped 0.45 points to close at 96.52.
At the close, 207,854 shares traded for $2,120,643, down from 569,192 units at $4,860,798 on Friday. An average of 12,991 units traded at $132,540 compared to 31,622 shares at $270,044 on Friday, with trading month to date averaging 64,297 units at $521,642 versus 65,484 units at $527,168. The average trade for May amounts to 45,890 units at $370,328.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s popped 5 cents to $47.25, with 2,240 shares changing hands, Ansa Merchant Bank finished at $43 with the swapping of 20 stocks, Clico Investment Fund climbed $1.18 to $28.99 in exchanging 33,048 units. First Citizens Group ended unchanged at $50, with 2,291 stock units crossing the market, FirstCaribbean International Bank had an exchange of 9,537 shares at $5, 
GraceKennedy slipped 5 cents in ending at $5.50, with 7,000 stocks crossing the market. JMMB Group lost 5 cents in closing at $2.30 while exchanging 2,000 units, L.J. Williams B share finished at $2.08 in switching ownership of one stock unit, Massy Holdings gained 15 cents to close at $5.20 after exchanging 143,555 stocks. National Flour Mills declined 5 cents to close at $1.70 in trading 2,208 shares, One Caribbean Media shed 14 cents to close at $4.01 after exchanging 500 stock units, Republic Financial Holdings ended unchanged at $141 after trading 17 units. Scotiabank remained at $78, with 882 units clearing the market, Trinidad & Tobago NGL ended at $20.80, with 759 shares crossing the exchange, Unilever Caribbean fell 25 cents to end at a 52 weeks’ low of $12.75 after trading 3,779 stock units and West Indian Tobacco fell 1 cent to close at $23.29 with an exchange of 17 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Slippage for JSE Main Market on Monday
The volume of stocks trading on Monday fell 21 percent below Friday’s level with a 12 percent lower value as 13,828,390 shares were exchanged for $222,616,334 versus 17,485,254 units at $253,862,892 on Friday on the Jamaica Stock Exchange Main Market leading to an equal number of rising and declining stocks.
Trading ended with 54 securities compared to 55 on Friday, with 22 rising, 22 declining and ten ending unchanged. The All Jamaican Composite Index dipped 860.46 points to 435,411.11, the JSE Main Index fell 521.64 points to 381,006.57 and the JSE Financial Index dropped 0.07 points to settle at 91.17.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.2 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Trading averages 256,081 units at $4,122,525, compared to 317,914 shares at $4,615,689 on Friday and month to date, an average of 257,923 units at $3,722,324, versus 258,064 units at $3,691,843 on the previous trading day. May closed with an average of 238,645 units at $3,561,016.
Transjamaican Highway led trading with 2.87 million shares for 20.8 percent of total volume, followed by Sagicor Group with 1.96 million units for 14.2 percent of the day’s trade, Wigton Windfarm with 1.94 million units for 14 percent market share and Jamaica Broilers with 1.06 million units for 7.6 percent of stocks trading.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and three stocks with lower offers.
At the close, Berger Paints rallied 98 cents to close at $12, with 1,802 shares crossing the market, Caribbean Cement shed $1.50 to end at $63, with 44,250 units changing hands, Carreras lost 48 cents in ending at $9.50 after exchanging 830,839 stocks. Eppley declined $2.50 in closing at $42.50 with an exchange of 1,130 stock units, Caribbean Property Fund dropped 50 cents to $42 in switching ownership of 2,957 stock units, First Rock Capital fell $1.49 to $12.01, with 988,026 units crossing the market. GraceKennedy shed 50 cents to close at $104.50 after exchanging 75,084 shares, Guardian Holdings declined $3 after ending at $507 and trading 222 stocks, Jamaica Stock Exchange advanced 50 cents in closing at $18.50 after trading 4,188 units. JMMB Group popped 50 cents to end at $43 with an exchange of 123,034 stock units, Kingston Properties increased 29 cents in closing at $7.89 with the swapping of 4,207 shares, MPC Caribbean Clean Energy lost $11.75 to end at $96 with 45 stocks clearing the market. NCB Financial fell $4.01 to close at $97, trading 34,111 stock units, 138 Student Living rose 30 cents to $5.06 after closing with 5,247 stocks changing hands, Palace Amusement gained $1 after ending at $901 in exchanging ten units. PanJam Investment dropped $1 to $65 in an exchange of 539 shares, Proven Investments declined 50 cents to end at $37 while exchanging 54,755 units, Sagicor Group climbed 50 cents to close at $56.50 in exchanging 1,964,393 shares. 
Scotia Group increased 82 cents in closing at $37.85 after trading 3,033 stocks, Seprod gained $1.10 in ending at $71.60 with the swapping of 27,965 stock units and Stanley Motta rose 38 cents to end at $5.50 after trading 347 units.
In the preference segment, Eppley 7.50% preference share popped 60 cents after ending at $6.60 after exchanging 306 shares and Productive Business Solutions 9.75% preference share lost $7 in closing at $100, with 2,001 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for USD market as more stocks rise
The value stocks trading on Monday surged 232 percent on the Jamaica Stock Exchange US dollar market, but the volume was mildly higher and trading closed with eight active securities, the same as Friday, with three rising, one declining and four ending unchanged.
The JSE US Denominated Equities Index rose 2.90 points and closed at 213.83.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.10. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Overall, 335,526 shares traded, for US$46,352 versus 320,625 units at US$13,970 on Friday. Trading averaged 41,941 units at US$5,794, compared to 40,078 shares at US$1,746 on Friday, with a month to date average of 77,373 shares at US$4,158 versus 80,326 units at US$4,021 on the previous day. May ended with an average of 47,916 units for US$3,528.
Investor’s Choice bid-offer indicator shows three stocks ended with higher bids than the last selling prices and none with a lower offer.
At the close, First Rock Capital USD share ended at 7.49 US cents with an exchange of 37 shares, MPC Caribbean Clean Energy remained at US$1.38 while exchanging one stock unit, 
Proven Investments rose 0.5 of a cent to end at 26 US cents in an exchange of 48,190 stock units. Sterling Investments dropped 0.02 of one cent to close at 2.1 US cents, with 577 units changing hands, Sygnus Credit Investments USD share advanced 0.79 of a cent in closing at 12.99 US cents in switching ownership of 260,908 units, Sygnus Real Estate Finance USD share finished at 11.5 US cents after an exchange of 850 stocks and Transjamaican Highway climbed 0.03 of one cent to close at 0.84 of a US cent with 24,962 shares traded.
In the preference segment, JMMB Group 6% remained at US$1.05 in exchanging one stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Dolla Financial jumps to $3.07
Dolla Financial led trading on the Jamaica Stock Exchange Junior Market on Monday, with 19 million shares for 61 percent of total volume and was the major contributor to the Market Index surging, 111.58 points to 4,314.02. Dolla helped to push the volume of stocks traded by 143 percent more and the value 118 percent more than on Friday as the price jumped 207 percent above the IPO price of $1 to close at $3.07.
All but one of the 46 listed securities traded, up from 41 on Friday, with 23 rising, 14 declining and eight unchanged. JFP Limited was the second highest traded stock, with 3.96 million units for 12.6 percent of the day’s trade and Mailpac Group with 1.0 million units for 3.2 percent of market share.
The PE Ratio, a measure of computing appropriate stock values, averages 12.7. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
A total of 31,376,263 shares traded for $109,876,239 up sharply from 12,919,546 units at $50,357,697 on the Friday. Trading averaged 697,250 shares at $2,441,694 versus 315,111 shares at $1,228,237 on Friday, with month to date, averaging 269,551 units at $1,079,640 compared to 233,169 units at $963,775 on the previous trading day. May closed with an average of 376,907 units at $1,638,631.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial slipped 15 cents to $20.30 after exchanging 6,520 shares, AMG Packaging declined 19 cents in closing at $3.75, with 9,621 stock units crossing the market, CAC 2000 rallied 76 cents to end at $8.38, with 105 stocks changing hands. Cargo Handlers gained $1.24 to close at $12.30 in exchanging 19 units, Caribbean Flavours advanced 25 cents to end at $2.05 and trading of 12,726 units, Consolidated Bakeries rose 8 cents to $1.38 in switching ownership of 287,978 stocks. Dolla Financial popped 75 cents to end at a record $3.07 after closing with 19,097,416 shares changing hands, Elite Diagnostic dropped 25 cents to $3.30 in exchanging 27,569 stock units, Express Catering rose 40 cents to $5.85 with the swapping of 655 stocks. Fontana shed 74 cents to close at $10.06 while exchanging 97,588 stock units, Fosrich fell $1 to end at $30 after trading 511,763 units, Future Energy Source gained 10 cents after finishing at $6.10, with 831,157 shares crossing the exchange. iCreate increased 29 cents in closing at $3.24 after trading 979,125 stocks, Jamaican Teas rose 11 cents to $3.11 with an exchange of 126,602 shares, Jetcon Corporation gained 18 cents to close at $1.43, with 717,968 units changing hands.
JFP Limited climbed 12 cents to $1.62, with 3,960,786 stock units clearing the market, Knutsford Express advanced 80 cents to end at $7.80 in trading 2,627 stock units, Lasco Distributors dropped 25 cents to $3.10, with 88,898 units crossing the market. Lasco Manufacturing fell 45 cents to close at $4.50 after an exchange of 192,961 shares, Mailpac Group declined 12 cents to $2.80 after trading 1,003,316 stocks, SSL Venture popped 29 cents ending at 52 weeks closing high of $3.99 while exchanging 472,549 shares. Stationery and Office Supplies lost 45 cents to $12, trading 226,133 stock units and tTech shed 38 cents to end at $3.12 as 1,850 units changed hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
New ICTOP10 entrants
Dolla Financial a former ICInsidertop10 stock fresh from the recent IPO, was listed on Wednesday and was the highlight of the Jamaica Stock Exchange, with the stock jumping 132 percent pushed by extremely high demand, with just modest selling, with indications the price may need to be in the $3 to $4 range to evoke greater balance between buyers and sellers.
Investors with a longer term investment target of over two years or more may find the potential growth prospects exciting and pay off well at the above prices.
The week ended with two new listings in the TOP10, but half of the Junior Market stocks recorded gained and 4 in the Main Market.
Junior Market stocks with worthwhile gains this past week are Dolphin Cove, with the price rising 14 percent to $17.61, Stationery and Office Supplies up 13 percent to $12.45, AMG Packaging up 10 percent to $3.94 and Caribbean Cream 5 percent to $4.98. Medical Disposables dropped 16 percent to $6.26.
In the TOP10 Main Market, Caribbean Cement lost 8 percent to $64.50 and Guardian Holdings fell 5 percent to $510.
Dolphin Cove and Stationery and Office Supplies dropped out of the Junior Market TOP10 and were replaced by CAC 2000, got an earnings upgrade to $1.32 after the company reported a profit of $47 million or 36 cents per share for the April quarter with the company reporting solid second quarter profit of $14 million for the six months to April from $8.7 in 2021 and Lasco Distributors.
The average PE for the JSE Main Market TOP 10 ends the week at 6.2, well below the market average of 14.1, while the Junior Market PE for the Top 10 is 5.8 versus the market at 13.2. The Junior Market TOP10 is projected to gain an average of 249 percent to May 2023 and the Main Market 243 percent.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. 
ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns up to the end of May 2023. They are ranked in order of potential gains, based on the possible increase for each company, considering the earnings and PE ratios 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.
Volume rise values fall on JSE Main Market
The Jamaica Stock Exchange Main Market ended on Friday, with the volume of stocks traded rising 40 percent over trading on Thursday but with a 48 percent lower value as the market closed with an equal number of stocks rising and falling.
Trading ended with slightly more securities trading than on Thursday, with 55 changing hands up from 54 before and ended with 19 rising, 19 declining and 17 ending unchanged. The All Jamaican Composite Index shed 101.02 points to close at 436,271.57, the JSE Main Index slipped 324.63 points to 381,528.21 and the JSE Financial Index rose 0.03 points to settle at 91.24.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.2 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Overall, 17,485,254 shares were exchanged for $253,862,892 versus 12,502,865 units at $487,965,172 on Thursday. Trading averages 317,914 units at $4,615,689, compared to 231,535 shares at $9,036,392 on Thursday and month to date, an average of 258,064 units at $3,691,843 compared to 253,031 units at $3,614,150 on the previous trading day. May closed with an average of 238,645 units at $3,561,016.
JMMB Group 7.25% preference share due 2024 led trading with 3.33 million shares for 19 percent of total volume, followed by Sagicor Select Financial Fund with 2.82 million units for 16.1 percent of the day’s trade, Transjamaican Highway ended with 2.02 million units for 11.6 percent market share, Seprod 1.69 million units for 9.7 percent of trading and Wigton Windfarm with 1.43 million units for 8.2 percent share of the volume of stocks traded.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and four stocks with lower offers.
At the close, Caribbean Cement shed $3 to end at $64.50 in exchanging 16,764 shares, Eppley increased $5 to $45 in switching ownership of 1,097 stock units, Eppley Caribbean Property Fund popped $3.38 to $42.50 after trading 2,180 stocks. First Rock Capital climbed 47 cents to close at $13.50 with an exchange of 206,073 units, Jamaica Broilers fell 50 cents in closing at $26 in trading 170,838 stock units, Kingston Properties dropped 29 cents to end at $7.60 with 4,573 units clearing the market. Kingston Wharves lost $2.69 in ending at $36.31 while exchanging 7,001 stocks, Massy Holdings declined 60 cents to $92 after exchanging 18,432 shares, Mayberry Investments declined 45 cents in closing at $10.90 after 66,520 units crossed the exchange. NCB Financial lost $1.49 to $101.01 in trading 57,805 shares, Palace Amusement gained $45 to end at $900 in an exchange of two stock units, PanJam Investment rose $1.50 in closing at $66, with 9,404 stocks crossing the market. Proven Investments dropped $1.50 to $37.50 after exchanging 9,224 units, Pulse Investments advanced 29 cents to close at $3.59, with 550,211 shares crossing the market, Sagicor Group rallied 50 cents to $56, with 174,119 stocks changing hands. Salada Foods popped 25 cents in ending at $5.50 with the swapping of 2,363 stock units, Seprod shed 50 cents to end at $70.50 after trading 1,694,903 shares, Stanley Motta gained 32 cents in closing at $5.12 with the swapping of 14,345 stock units. 
Supreme Ventures climbed 36 cents to close at $30.35 in switching ownership of 535,642 units and Sygnus Credit Investments fell 31 cents to $14.20 in an exchange of 29,102 stocks.
In the preference segment, JMMB Group 7.25% preference share declined 52 cents in closing at $2.68 after trading 11,222 stocks, JMMB Group 7.25% due 2024 preference share lost 32 cents to $1.95 with 3,329,855 units crossing the market and 138 Student Living preference share fell $3.63 to end at $17 with 50 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
