JSE Main Market rises Junior Market slips

The Main Market of the Jamaica Stock Exchange rose at the close of trading on Wednesday and the Junior and the USD Markets declined moderately with the volume and value of stocks trading remaining fairly consistent with that on Tuesday.
Trading resulted in an exchange of 18,817,620 shares, up from 17,343,337 units on Monday, valued at $120.2 million, compared with $122.33 million on the previous day. Trading on the JSE USD market resulted in investors exchanging shares traded for US$4,280 versus US$19,925 on Tuesday.
At the close, the Combined Market Index climbed 1,375.51 points to 347,856.59, the  All Jamaican Composite Index rallied 3,460.05 points to 379,290.64, the JSE Main Index gained 1,544.69 points to close at 334,462.13, the Junior Market slipped 3.17 points to 3,905.52 and the JSE US dollar market dipped 1.18 points to end at 232.78.
The market’s PE ratio ended at 22.8 based on 2021-22 earnings and 13.1 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.

Trading climbs on JSE Main Market

Investors pumped  211 percent more money into the Jamaica Stock Exchange Main Market on Tuesday and purchased16 percent fewer shares than on Monday and sending more stocks closing higher than those falling with57securities trading, as was the case on Monday, and ended with prices of 27 rising, 21 declining and nine ending unchanged.
A total of 7,945,794 shares were exchanged for $100,709,129 compared to 9,434,901 units at $32,400,825 on Monday.
Trading averaged 139,400 units at $1,766,827 versus 165,525 shares at $568,436 on Monday and month to date, an average of 142,484 units at $1,201,140 compared with 143,252 units at $1,060,336 on the previous day. January closed with an average of 205,236 units at $1,805,558.
JMMB Group 7.35% – 2028, led trading with 2.23 million shares for 28.1 percent of total volume, followed by Wigton Windfarm with 1.57 million units for 19.8 percent of the day’s trade and Jamaica Broilers with 855,784 units for 10.8 percent market share.
The All Jamaican Composite Index declined 2,558.42 points to 375,830.59, the JSE Main Index fell 2,316.43 points to 332,917.44 and the JSE Financial Index shed 0.64 points to close at 79.06.
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 incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Berger Paints rose $1.06 to $10.41 in an exchange of 1,687 shares, Caribbean Cement advanced $2.23 to $59 in trading 1,133 stocks, Eppley Caribbean Property Fund fell $4 in closing at $40 after 4,657 units crossed the market. First Rock Real Estate gained 60 cents in ending at $12.75 in transferring 1,620 stock units, GraceKennedy rose 89 cents to end at $77.99 in switching ownership of 479,100 stocks, Guardian Holdings declined $9.80 to close at $525 with an exchange of 2,389 units. Jamaica Broilers popped 50 cents to finish at $30.50 in switching ownership of 855,784 stock units, Jamaica Producers rallied $1.87 to close at $21.87 after a transfer of 138 shares, JMMB Group advanced $2.38 in ending at $33.88 with 8,657 stock units changing hands. Kingston Wharves dipped $1 in closing at $32 after 3,129 shares passed through the market, Mayberry Investments lost 40 cents to end at $8.10 after exchanging 39,563 stocks, MPC Caribbean Clean Energy dropped $23 to end at $75 with a transfer of 75 units. NCB Financial rallied $2 in closing at $77 as investors exchanged 23,990 shares after the price hit a new one year low of $72, 138 Student Living gained 55 cents to settle at $5.70 with the swapping of 1,123 stocks, Palace Amusement popped $31 to close at $2,480 with 409 stock units changing hands. Portland JSX shed $1.54 to settle at $10 with 512 units clearing the market, Proven Investments lost 49 cents in ending at $29.01 with investors transferring 3,048 units, Sagicor Group fell $1.96 to end at $49, trading 73,873 shares. Scotia Group rose 69 cents to close at $33.79 in exchanging 191,619 stocks, Seprod advanced $2.40 to $67.90 after trading 100 stock units, Supreme Ventures lost 43 cents to close at $26.07 in switching ownership of 38,042 shares and Sygnus Credit Investments rose $1.10 to $12.99 with the swapping of 33,048 stock units.
In the preference segmentJMMB Group 7% preference share gained 42 cents in closing at $2.83 with a transfer of 3,904 stocks and 138 Student Living preference share advanced $2.50 to close at a record high of $78 in trading 1,024 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market gains JSE Main market falls

The volume of stocks trading dropped on the Jamaica Stock Exchange on Tuesday but with a higher value than on Monday, leading to a rise in the Junior Market and declines in the JSE Main and the USD Market of the Jamaica Stock Exchange.
Trading ended with an exchange of 17,343,337 shares, down from 21,902,708 units on Monday, valued at $122.33 million up from $66.44 million on the previous day. Trading on the JSE USD market resulted in investors trading US$19.925 compared with US$23,988 on Monday.
At the close, the Combined Market Index shed 2,089.31 points to 346,481.08, the All Jamaican Composite Index dropped 2,558.42 points to end at 375,830.59, the JSE Main Index lost 2,316.43 points to end at 332,917.44, the Junior Market rose 7.39 points to 3,912.36 and the JSE US dollar market dipped 1.18 points to close at 235.95.
The market’s PE ratio ended at 22.8 based on 2021-22 earnings and 13.1 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.

Trading activity drops of the JSE Main market

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Trading activity on the Jamaica Stock Exchange Main Market ended on Monday with a 14 percent increase in the volume of stocks traded and the value  68 percent lower than on Friday, from 57 securities trading compared to 60 on Friday, with 16 rising, 31 declining and 10 ending unchanged.
A total of 9,434,901 shares were exchanged for $32,400,825 versus 8,306,314 units at $100,793,32 on Friday.
Trading averaged 165,525 units at $568,436 versus 138,439 shares at $1,679,857 on Friday and month to date, an average of 143,252 units at $1,060,336 compared to 135,871 units at $1,223,350 on the previous trading day. January closed with an average of 205,236 units at $1,805,558.
Wigton Windfarm led trading with 4.07 million shares for 43.2 percent of total volume followed by Sagicor Select Financial Fund with 1.35 million units for 14.3 percent of the day’s trade, Transjamaican Highway with 1.32 million units for 14 percent of market share and QWI Investments with 1.13 million units for 12 percent market share.
The All Jamaican Composite Index dropped 2,647.57 points to 378,389.01, the JSE Main Index fell 2,561.70 points to end at 335,233.87 and the JSE Financial Index lost 0.99 points to settle at 79.70.
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 incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows 10 stocks ending with bids higher than their last selling prices and eight with lower offers.
At the close, Berger Paints lost 40 cents to close at $9.35 in trading 6,000 shares, Caribbean Cement declined $2.23 to end at $56.77 with 5,525 stocks crossing the exchange, Eppley Caribbean Property Fund dropped $4 to close at $44 with a transfer of 1,361 stock units. First Rock Real Estate dipped 58 cents in closing at $12.15 with 4,153 units changing hands, GraceKennedy shed $1.70 in ending at $77.10 in switching ownership of 30,914 units, Jamaica Producers fell $1.90 to $20 in exchanging 61,707 stocks. JMMB Group declined $2.97 in closing at $31.50 with the swapping of 28,300 shares, Kingston Wharves shed $2 to end at $33 as investors exchanged 14,071 stock units, Massy Holdings fell $1 to close at $79 with a transfer of 171 units. NCB Financial shed $2 to end at a 52 weeks’ low of $75 after 51,005 stocks cleared the market, 138 Student Living dipped 41 cents to end at $5.15 in exchanging 24,651 stock units, Palace Amusement climbed $49.01 to $2,449 in switching ownership of 929 shares. Proven Investments lost 50 cents to end at $29.50 after an exchange of 691 stock units, Scotia Group shed $1.40 to close at $33.10 after trading 16,328 units, Seprod gained 50 cents in closing at $65.50 with investors transferring 19,541 stocks. Supreme Ventures advanced $1.50 to $26.50 after trading 17,652 shares and Sygnus Credit Investments fell $1.11 to end at $11.89 with an exchange of 59,284 shares.
In the preference segmentProductive Business 10.50% preference share popped $250 to a 52 weeks’ high of $1,500 with 336 stock units changing hands. Eppley 5% preference share rallied 94 cents to close at $22.94 after 11 stocks crossed the market, Eppley 7.25% preference share declined $3.31 in ending at $18.79 after exchanging 2,427 units, Jamaica Public Service 9.5% dropped $42 to $2,950 trading 142 stocks. JMMB Group 7% preference share lost 43 cents to end at $2.41 as 444 shares passed through the market and JMMB Group 7.25% preference share dipped 47 cents to $3.11 with a transfer of 2,000 stock units but after it traded at a 52 weeks’ intraday high of $3.94.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Falling prices hit Jamaica Stock Exchange

The volume of trading picked up on the Jamaica Stock exchange on Monday but at a lower value than on Friday, leading to the JSE Main and Junior Market closing lower while the USD Market of the Jamaica Stock Exchange closed higher.
Trading ended with an exchange of 21,902,708 shares, down from 15,002,754 units on Friday, valued at $66.44 million up from $117 million on the previous day. Trading on the JSE USD market resulted in investors exchanging US$23,988 compared with US$20,906on Friday.
At the close, the Combined Market Index gained 557.08 points to 348,570.39, the All Jamaican Composite Index fell 2,647.57 points to 378,389.01, the JSE Main Index lost 2,561.70 points to end at 335,233.87, the Junior Market fell 35.50 points to 3,904.97 and the JSE US dollar market jumped 13.69 points to close at 237.13.
The market’s PE ratio ended at 22.9 based on 2021-22 earnings and 13.3 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.

JSE Main Market edged up on trading gains

Trading gained strength on the Jamaica Stock Exchange Main Market  on Friday with the volume of stocks traded rising 48 percent with a 188 percent rise in value compared to Thursday, after 60 securities changed hands compared to 55 on Thursday, with 23 rising, 20 declining and 17 ending unchanged.
A total of 8,306,314 shares were traded for $100,793,237 compared to 5,605,407 units at $34,963,663 on Thursday.
Trading averaged 138,439 shares at $1,679,857 compared with 101,916 units at $635,703 on Thursday and month to date, an average of 135,871 units at $1,223,350 compared with 134,495 units at $978,777 on the previous day. January closed with an average of 205,236 units at $1,805,558.
Wigton Windfarm led trading with 4.53 million shares for 54.5 percent of total volume followed by Massy Holdings with 699,277 units for 8.4 percent of the day’s trade and Sagicor Select Financial Fund with 435,064 units for 5.2 percent market share.
The All Jamaican Composite Index advanced 394.82 points to 381,036.58, the JSE Main Index rallied 796.94 points to 337,795.57 and the JSE Financial Index popped 0.13 points to close at 80.69.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.7 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with financial year ends between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and 10 with lower offers.
At the close, Caribbean Producers lost 45 cents in closing at $11.53 with an exchange of 12,342 shares, Eppley advanced $2.49 to $39.99 after trading 30 units, Guardian Holdings rallied $10 to close at $535 after exchanging one stock unit. Jamaica Broilers popped $1 to $30 with a transfer of 179,133 stocks, JMMB Group fell 48 cents to $34.47 with the swapping of 18,477 units, Kingston Properties gained 41 cents to close at $7.40 in switching ownership of 9,606 shares. Kingston Wharves advanced $1 to $35 with one stock unit changing hands, Margaritaville rose 95 cents to $22.95 with an exchange of one stock unit, Massy Holdings climbed $1.39 to close at $80 after 699,277 stock units crossed the market. Mayberry Investments rose 76 cents to $8.77 after a transfer of 101 units, Mayberry Jamaican Equities advanced $1.81 to close at $12.91 in an exchange of 1,055 shares, MPC Caribbean Clean Energy climbed $5.69 to $98 after trading one stock. NCB Financial declined $3 to a 52 weeks’ low of $77 after 122,024 units passed through the market, following the release of first quarter results to December with lower profit before other comprehensive income. 138 Student Living shed 44 cents in ending at $5.56 after 2,450 shares were traded, Palace Amusement climbed $201.99 in closing at $2,399.99 after switching ownership of 375 stocks. Sagicor Group rallied $2 to settle at $51 with the swapping of 25,843 stock units, Scotia Group lost 40 cents to finish at $34.50 as investors exchanged 353,714 units, Seprod dipped $1 to end at $65 in transferring 3,550 shares and Supreme Ventures shed 50 cents to close at $25 after 117,645 stock units cleared the market.
In the preference segmentProductive Business 10.50% preference share popped $150 after ending at a 52 weeks’ high of $1,250 with 30 stocks changing hands, Jamaica Public Service 7% gained 50 cents in closing at a record high of $6 in exchanging 128 shares and 138 Student Living preference share rose $1.50 to $75.50 with investors transferring 516 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE Main Market rise as Junior Market falls

Trading picked on the Jamaica Stock exchange on Friday and led to the JSE Main Market and the USD Market of the Jamaica Stock Exchange closing higher, but the  Junior Market declined for a third consecutive day following the big jump it enjoyed on Monday and Tuesday.
Trading ended with an exchange of 15,002,754 shares, down from 11,852,477 units on Thursday, valued at $117 million up from $51.7 million on the previous day. Trading on the JSE USD market resulted in investors exchanging US$20,906 compared with US$12,989 on Thursday.
At the close, the Combined Market Index gained 557.08 points to 351,286.59, the  All Jamaican Composite Index added 394.82 points to end at 381,036.58, the JSE Main Index rallied 796.94 points to end at 337,795.57, the Junior Market lost 19.95 points to end at 3,940.47 and the JSE US dollar market popped 0.51 points to close at 223.44.
The market’s PE ratio ended at 23 based on 2021-22 earnings and 13.9 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.

 

JSE Main Market Trading drops as rising stocks beat

For a second consecutive day, trading on the Jamaica Stock Exchange Main Market fell at the close of market activity on Thursday, flowing from a 41 percent decline in the volume of stocks passing through the market with a 53 percent fall in value compared to Wednesday, resulting from 55 securities trading versus 57 on Wednesday, with 24 rising, 17 declining and 14 ending unchanged.
A total of 5,605,407 shares were exchanged for $34,963,663 versus 9,458,006 units at $74,659,322 on Wednesday.
Trading averaged 101,916 units at $635,703 compared with 165,930 shares at $1,309,813 on Wednesday and month to date, an average of 134,495 units at $978,777 well below the average of 205,236 units at $1,805,558 for January.
Wigton Windfarm led trading with 2.30 million shares for 41.1 percent of total volume, followed by Sagicor Select Financial Fund with 734,269 units for 13.1 percent of the day’s trade and Transjamaican Highway with 712,258 units for 12.7 percent market share.
The All Jamaican Composite Index shed 1,290.43 points to end at 380,641.76, the JSE Main Index dipped 784.27 points to 336,998.63 and the JSE Financial Index popped 0.09 points to close at 80.56.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.3 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with their financial year ends between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and six with lower offers.
At the close, Caribbean Cement gained 47 cents to end at $58.99 after 1,620 shares were traded, First Rock Real Estate fell $1.19 to $12.75 as investors traded 22,840 stock units, GraceKennedy advanced $3.99 to $78.49 with 48,856 stocks changing hands. Guardian Holdings rose $1 to close at $525 with 896 units crossing the market, Jamaica Broilers fell $1.99 ending at $29 with the transfer of 180,788 shares, Jamaica Stock Exchange shed 70 cents to finish at $14.50 with the swapping of 24,001 units. JMMB Group advanced $1.95 to $34.95 in an exchange of 35,031 stock units, Kingston Properties rallied 44 cents to $6.99 after 395 stocks cleared the market, Kingston Wharves dipped $1 to $34 trading 10,600 stock units. Massy Holdings declined $1.39 in closing at $78.61 after switching ownership of 5,190 units, Mayberry Investments shed 76 cents to end at $8.01 with investors transferring 723 shares, Mayberry Jamaican Equities declined $1.83 to close at $11.10 after 94,250 stocks passed through the market. NCB Financial advanced $2.50 in closing at $80 in transferring 15,495 units, 138 Student Living popped $1 to $6 with 197,838 shares changing hands, Palace Amusement climbed $8 in ending at $2,198 with a transfer of 667 stocks. Sagicor Group gained 40 cents to settle at $49 trading 2,252 stock units, Sterling Investments lost 40 cents to close at $2.60 with the swapping of 10,000 shares and Supreme Ventures shed 60 cents to end at $25.50 after an exchange of 91,761 units.
In the preference segmentEppley 5% preference share lost 94 cents to end at $22 after a transfer of 6 stocks and 138 Student Living preference share fell $1.50 in closing at $74 in switching ownership of 427 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Another day of slippage for JSE Markets

All markets of the Jamaica Stock Exchange dropped on Thursday, continuing the losses on Wednesday, following slippage in trading in the overall market compared with the prior day.
Trading ended with an exchange of 11,852,477 shares, down from 19,398,419 units on Wednesday, valued at $51.7 million down from $95.1 million on the previous day. Trading on the JSE USD market resulted in investors exchanging US$12,989 compared with US$19,364 on Wednesday.
At the close, the Combined Market Index dropped 1,059.23 points to 350,729.51, the All Jamaican Composite Index shed 1,290.43 points to end at 380,641.76, the JSE Main Index fell 784.27 points to 336,998.63, the Junior Market fell 35.38 points to 3,960.42 and the JSE US dollar market slipped 0.54 points to close at 222.93.
The market’s PE ratio ended at 23.1 based on 2021-22 earnings and 13.8 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.

 

Winning stocks overwhelmed by main market losers

Trading nosedived to start off the new month on the Jamaica Stock Exchange Main Market on Wednesday with a 41 percent fall in the volume of stocks following a 25 percent slippage in value compared with Tuesday after 57 securities were traded versus 55 on Tuesday, with 16 rising, 30 declining and 11 ending unchanged.
A total of 9,458,006 shares were traded for $74,659,322 down from 16,071,684 units at $99,612,685 on Tuesday.
Trading averaged 165,930 units at $1,309,813 compared with 292,212 shares at $1,811,140 on Tuesday. January closed with an average of 205,236 units at $1,805,558.
Wigton Windfarm led trading with 3.36 million shares for 35.5 percent of trading, followed by Transjamaican Highway with 1.58 million units for 16.7 percent of the day’s trade and JMMB Group 7.35% – 2028 with 703,349 units for 7.4 percent market share.
The All Jamaican Composite Index dropped 3,399.97 points to close at 381,932.19, the JSE Main Index shed 2,544.43 points at 337,782.90 and the JSE Financial Index dipped 0.64 points to end at 80.47.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.6 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasts by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows 10 stocks ending with bids higher than their last selling prices and six with lower offers.
At the close, Caribbean Cement declined $1.46 to $58.52 in exchanging 305 shares, Eppley dropped $2.50 to end at $37.50 with a transfer of 500 units, Eppley Caribbean Property Fund dipped 50 cents to $48 trading 91 stock units. First Rock Real Estate popped $1.64 to close at $13.94 after crossing the market with 5,571 stocks, GraceKennedy declined $4.50 to end at a 52 weeks’ low of $74.50 with the swapping of 54,896 stocks, Guardian Holdings dropped $11 to end at $524 as investors exchanged 387 shares. Jamaica Broilers shed 42 cents after ending at $30.99 in switching ownership of 662,725 stock units, JMMB Group fell $2.94 in closing at $33 after 541,737 units passed through the market, Kingston Properties fell $1 to $6.55 after a transfer of 14,251 stocks. Margaritaville fell 95 cents to close at $22 with an exchange of 200 stock units, Mayberry Investments rose 80 cents to $8.77 in trading 29,833 shares, Mayberry Jamaican Equities advanced 93 cents to close at $12.93 with 1,840 units changing hands. MPC Caribbean Clean Energy climbed $8.31 to end at $92.31, with 42 stocks clearing the market, NCB Financial declined $1.25 in closing at a 52 weeks’ low of $77.50 in switching ownership of 52,385 stock units, Palace Amusement dropped $290 in ending at $2,190 trading 824 shares. Proven Investments dipped $1.77 to $30 after a transfer of 10,369 units, Sagicor Group declined $5.39 to end at $48.60 after trading 4,020 units, Seprod shed $3 to close at $66 with the swapping of 18,765 shares. Stanley Motta lost 44 cents in ending at $5.25 with investors transferring 10,687 stock units, Supreme Ventures dipped 88 cents to $26.10 with 42,297 stocks changing hands and Sygnus Real Estate Finance rallied 96 cents to close at $10.46 in trading one stock unit.
In the preference segmentJamaica Public Service 7% rose 75 cents in closing at a record high of $5.21 with a transfer of 2,679 shares and 138 Student Living preference share climbed $5.55 to $75.50 in an exchange of 19 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.