Declining stocks exceeded those rising by three to two on the Jamaica Stock Exchange Main Market on Tuesday as the volume of stocks traded fell 40 percent, with a modest rise in the value traded over Monday’s activity. 
The All Jamaican Composite Index lost 4,175.98 points to close at 438,261.99, the JSE Main Index dropped 4,103.95 points to 384,123.36 and the JSE Financial Index fell 1.26 points to settle at 90.33.
Trading ended with 53 securities compared to 54 on Monday, with 15 rising, 22 declining and 16 ending unchanged.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.5 for the Main Market. The JSE Main and USD Market PE ratios use earnings forecasted by ICInsider.com’s for companies with financial years ending up to the close of August 2023.
A total of 8,858,814 shares were traded for $90,095,210 versus 14,684,649 units at $86,847,608 on Monday. Trading averages 167,147 units at $1,699,910, compared to 271,938 shares at $1,608,289 on Monday and month to date, an average of 248,355 units at $1,775,667, compared to 268,374 units at $1,794,355 on the previous trading day. May closed with an average of 238,645 units at $3,561,016.
Transjamaican Highway led trading with 2.27 million shares for 25.6 percent of total volume, followed by Wigton Windfarm with 1.68 million units for 18.9 percent of the day’s trade and Mayberry Jamaican Equities with 798,271 units for 9 percent of market share.
The Investor’s Choice bid-offer indicator shows 12 stocks ending with bids higher than their last selling prices and six with lower offers.
At the close, Caribbean Cement rose $8 to end at $74 in an exchange of 68,331 shares, following an announcement by the company to recommend the payment of a dividend of $1.50 per share to the annual general meeting. Eppley dropped $9.99 to $39.01, with 2,000 units crossing the market, Eppley Caribbean Property Fund climbed $2.25 to close at $45 in trading 4,486 stocks. GraceKennedy rallied 47 cents in closing at $108 31,333 stock units after crossing the market, Guardian Holdings popped $13, ending at $533 while exchanging 1,849 stock units, Jamaica Broilers declined $1 to $26, trading 32,400 units. Jamaica Producers fell 95 cents in closing at $21.80 with the swapping of 36,235 shares, Kingston Properties shed 41 cents to close at $7.49 in exchanging 4,499 stocks, Mayberry Investments dropped 50 cents in ending at $9.45 with an exchange of 39,766 units. NCB Financial fell 50 cents to end at $101 with the trading of 77,865 shares, Palace Amusement dropped $2 in ending at $988 after an exchange of just one stock, Portland JSX declined $2.06 to end at $6.50 after the exchange of 1,055 stock units. Proven Investments lost 36 cents to end at $37.45 as 232,629 units changed hands, Sagicor Group gained $3.23 in closing at $57 in switching ownership of 167,268 shares and Seprod shed 48 cents to close at $71.02 with 11,725 stocks clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

The volume of stocks traded on the Jamaica Stock Exchange Main Market on Monday surged 97 percent above Friday trades but with a 32 percent fall in the value exchanged, leading to twice as many stocks falling as rising and resulting in a dip in the market index.
The All Jamaican Composite Index fell 1,166.89 points to 442,437.97, the JSE Main Index declined by 1,330.54 points to 388,227.31 and the JSE Financial Index slipped 0.39 points to settle at 91.59.
Similar to Friday, 54 securities were traded, with 14 rising, 29 declining and 11 ending unchanged.
Overall, 14,684,649 shares were exchanged for $86,847,608 versus 7,435,594 units at $128,125,542 on Friday. Trading averages 271,938 units at $1,608,289, compared to 137,696 shares at $2,372,695 on Friday and month to date, an average of 268,374 units at $1,794,355, compared to 267,179 units at $1,856,762 on the previous trading day. May closed with an average of 238,645 units at $3,561,016.
JMMB Group 7.5% led trading with 5.01 million shares for 34.1 percent of total volume, followed by Portland JSX with 2.0 million units for 13.6 percent of the day’s trade, Community & Workers Credit Union ended with 1.45 million units for 9.9 percent market share, Transjamaican Highway exchanged 1.43 million units for 9.7 percent of the market trade and QWI Investments with 1.08 million units for 7.4 percent market share.
The PE Ratio, a formula for certain appropriate stock values, averages 14.7 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.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and seven stocks with lower offers.
At the close, Barita Investments lost 39 cents to end at $88.11, with 1,863 shares crossing the market, Caribbean Cement popped 50 cents to end at $66 after 5,858 units changed hands, Eppley climbed $1.05 to $49 trading 1,261 stock units. Eppley Caribbean Property Fund dropped $3.96 in closing at $42.75 with an exchange of 234 stocks, First Rock Capital gained 64 cents in ending at $12.65 after trading 35,649 units, GraceKennedy shed $1.97 to $107.53 in exchanging 19,373 shares. Guardian Holdings fell $14 to $520, with 1,140 stock units changing hands, Jamaica Broilers declined $1 to $27 with the swapping of 14,622 stocks, Jamaica Stock Exchange declined $1.50 in closing at $18 in an exchange of 132,344 stock units. JMMB Group lost 88 cents to end at $43.12 in switching ownership of 313,322 shares, Massy Holdings shed $2.75 to close at $92.50 with 44,883 stocks clearing the market, NCB Financial rose 48 cents to end at $101.50 while exchanging 151,031 units. PanJam Investment dropped $1.50 to $66 in exchanging 1,811 units, Portland JSX fell $1.69 to $8.56 after 2,000,000 stock units crossing the exchange, Proven Investments shed 69 cents in closing at $37.81 with an exchange of 12,031 stocks. Sagicor Group lost 48 cents to end at $53.77 trading 87,304 shares, Salada Foods dropped 44 cents to $5.50 after exchanging 5,684 units, Scotia Group declined $1 in closing at $36 and trading 86,051 stocks and Seprod rallied 50 cents to $71.50 with 5,524 stock units changing hands.
In the preference segment, JMMB Group 7.25% preference share increased 41 cents to close at $3.20 in switching ownership of 12 shares and 138 Student Living preference share advanced $2.72 in ending at a 52 weeks’ high of $20.88 trading 463 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Market activity ended on the Jamaica Stock Exchange Main Market on Friday, with the volume of stocks traded declining 58 percent with an 87 percent higher value than on Thursday as rising stocks just exceeded those falling.
The All Jamaican Composite Index shed 2,760.54 points to 443,604.86, the JSE Main Index lost 1,705.22 points to close at 389,557.86 and the JSE Financial Index dipped 0.55 points to settle at 91.98.
On Friday, 54 securities were traded, down from 57 on Thursday, with 22 rising, 21 declining and 11 unchanged.
The PE Ratio, a formula to compute appropriate stock values, averages 15.1. 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, 7,435,594 shares traded for $128,125,542 versus 17,737,465 units at $68,560,146 on Thursday. Trading averages 137,696 units at $2,372,695, compared to 311,184 shares at $1,202,810 on Thursday and month to date, an average of 267,179 units at $1,856,762, compared to 332,525 units at $1,596,385 on the previous trading day. May closed with an average of 238,645 units at $3,561,016.
Transjamaican Highway led trading with 1.63 million shares for 21.9 percent of total volume, followed by Supreme Ventures with 1.41 million units for 18.9 percent of the day’s trade and JMMB Group with 1.12 million units for 15 percent market share.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments popped 49 cents in closing at $88.50 in trading 9,074 shares, Berger Paints advanced 30 cents to end at $11.30, with 423 stocks crossing the exchange, Caribbean Cement dropped $1.50 to close at $65.50 as 7,350 stock units changed hands. GraceKennedy rallied 50 cents to $109.50 in switching ownership of 93,121 units, Guardian Holdings shed $1 in ending at $534 with an exchange of 2,608 shares, Jamaica Producers gained 30 cents to $22.80 after 7,565 units crossed the market. JMMB Group declined 99 cents to close at $44 with 1,116,258 stock units clearing the market, Kingston Wharves lost 62 cents in ending at $38.98 after trading 301 stocks, NCB Financial fell $3.88 in closing at $101.02 in exchanging 51,678 stocks. PanJam Investment climbed $1.50 to end at $67.50 while exchanging 801 stock units, Proven Investments increased 51 cents to end at $38.50 after exchanging 44,633 shares, Sagicor Group dropped 75 cents to $54.25, with 47,796 units changing hands. Scotia Group rose $1.40 to close at $37, with 91,201 units crossing the market, Seprod declined 87 cents to $71 in an exchange of 2,846 shares and Supreme Ventures rallied 50 cents in closing at $30.50 with the swapping of 1,406,282 stocks.
In the preference segment, Eppley 7.25% preference share gained $1.99 in ending at $22 after exchanging 200 stock units, Eppley 7.50% preference share climbed 72 cents in closing at $7.23 in trading just two shares, JMMB Group 7.25% preference share lost 42 cents to close at $2.79 in trading 1,078 units and 138 Student Living s preference share advanced $1.66 to end at $18.16, with 53 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.