Massy Holdings jumped 16 percent followed by Seprod 6 percent but those were not enough to prevent a fall in the market as heavily weighted NCB Financial lost nearly 4 percent in valued to pressure the Jamaica Stock Exchange Main Market on Wednesday, with the volume of stocks traded rising 21 percent and the value 119 percent more than on Tuesday, with 51 securities trading, compared with 50 on Tuesday, with 17 rising, 21 declining and 13 ending unchanged.
A total of 4,914,260 shares were traded for $86,517,288 up from 4,072,123 units at $39,480,185 on Tuesday.
Trading averaged 96,358 shares for $1,696,417 compared with 81,442 units at $789,604 on Tuesday. Trading for the month to date, averaged 184,773 units at $1,582,191 compared to 191,169 units at $1,573,928 on the previous day and down on August with an average of 316,608 units at $1,867,646.
Trading was lead by Wigton Windfarm with 885,474 shares for 18 percent of the total volume followed by Transjamaican Highway with 712,656 units for 14.5 percent of the day’s trade and Sagicor Group with 495,434 units for 10.1 percent market share.
The All Jamaican Composite Index lost 255.62 points to finish at 345,947.18, the JSE Main Index lost 1,603.18 points to settle at 311,845.95 and the JSE Financial Index skidded 0.36 points to settle at 69.55.
The Main Market closed with an average PE Ratio of 12.2. The JSE Main and USD Market PEs are based on the last traded prices and earnings forecasted by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Barita Investments shed 85 cents to $77.30 in switching ownership of 343,759 shares, Caribbean Cement popped 50 cents to end at $49.50 with stakeholders exchanging 137,030 stocks, Caribbean Producers gained $1.09 and ended at $10.79 with investors dealing in 7,704 units, First Rock Real Estate declined 50 cents to close at $7.30 in trading 1,205 stock units, Jamaica Stock Exchange skidded 31 cents in closing at $9.78 with an exchange of 605 units, Kingston Properties advanced 66 cents in closing at $7.29 after a transfer of 3,062 shares, Kingston Wharves climbed 44 cents and ended at $27.99 crossing the market 930 stocks, Massy Holdings rallied $14.36 to end at $104.40 with investors transferring 14,543 stock units, Mayberry Investments fell $1.18 to $7 in an exchange of 218,904 units,
Mayberry Jamaican Equities rose 34 cents to close at $11.25 clearing the market with 2,300 shares, NCB Financial dropped $2.50 in closing at $65 with a transfer of 97,064 stock units, 138 Student Living increased 21 cents to end at $4.31 closed at 12,878 stocks, Pan Jamaica lost 25 cents and ended at $45.75 after exchanging 14,580 stock units, Proven Investments dipped 48 cents to close at $21.52 crossing the exchange 14,426 stocks, Pulse Investments declined 21 cents to $1.84 after an exchange of 130,001 shares, Scotia Group lost $1.75 and ended at $32.20 crossing the market 31,010 units, Seprod gained $3.89 in closing at $69.90 trading 6,819 units, Supreme Ventures rose 50 cents to end at $27 with traders dealing in 169,979 shares, Wisynco Group dropped 29 cents to close at $17.71 while exchanging 125,1stock units.
In the preference segment, Eppley 7.50% preference share dipped $1.21 to $5.56 changing hands 156,664 stocks and Jamaica Public Service 7% rallied $15 to $57 passed through the market 222 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Overall, 218,675 shares were traded, for US$32,659 up from 90,382 units at US$2,822 on Tuesday.
At the close, Margaritaville rallied 0.5 of a cent to close at 12 US cents with just one share being traded, Proven Investments dipped 0.3 of a cent to 14.5 US cents with investors transferring 215,386 units. Sterling Investments gained 0.04 of a cent in closing at 1.94 US cents in trading 400 stocks, Sygnus Credit Investments rose 0.05 of a cent to end at 9.1 US cents with 2,140 shares trading and Transjamaican Highway climbed 0.08 of a cent and ended at 1.69 US cents, with 648 units changing hands.
A total of 90,382 shares were traded, for only US$2,822 compared to 183,401 units at US$13,204 on Monday.
Sterling Investments skidded 0.05 of a cent to end at 1.9 US cents with traders dealing in 13,000 stock units. Sygnus Credit Investments rallied 0.03 of a cent to 9.05 US cents in switching ownership of 5,000 units and Transjamaican Highway lost 0.09 of a cent in closing at 1.61 US cents with stakeholders exchanging 63,801 units.
A total of 4,072,123 shares were traded for $39,480,185 versus 8,294,756 units at $80,258,458 on Monday.
The Main Market ended trading with an average PE Ratio of 12.2. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Jamaica Broilers fell 98 cents and ended at $32 in an exchange of 22,966 shares, Jamaica Producers lost $1 to end at $20 after a transfer of 200 stocks, Jamaica Stock Exchange rallied 47 cents to $10.09 with a transfer of 6,044 units, Kingston Properties skidded 67 cents in closing at $6.63 after exchanging 1,254 units. Kingston Wharves shed 44 cents and ended at $27.55 as investors traded 2,025 units, Margaritaville dipped 29 cents to end at $16 in switching ownership of 2,500 shares, Massy Holdings declined $7.76 to close at $90.04, with 62,695 stock units crossing the market, Mayberry Investments increased 68 cents to $8.18 with investors transferring 3,800 stocks. Mayberry Jamaican Equities fell 34 cents to end at $10.91 with stakeholders exchanging 42,449 shares, Sagicor Group dropped 81 cents to close at $44.09 and closed after 11,950 stocks changed hands.
Sagicor Real Estate Fund popped 34 cents and ended at $8.34, with 500 stock units crossing the exchange, Seprod skidded $1.49 in closing at $66.01 in an exchange of 2,680 units and Supreme Ventures fell 99 cents to end at $26.50 after 20,420 stocks changed hands.
A total of 8,294,756 shares were traded for $80,258,458 versus 5,471,926 units at $103,330,084 on Friday.
The Main Market closed with an average PE Ratio of 12.7. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Kingston Wharves popped $1.47 to close at $27.99 in switching ownership of 3,552 stocks, MPC Caribbean Clean Energy skidded $11.50 and ended at $70 after an exchange of 494 stock units, NCB Financial popped 51 cents to close at $67.51 with investors dealing in 27,212 shares, 138 Student Living dipped 20 cents to end at $4.11 with traders dealing in 837 units, Pan Jamaica advanced $3.94 to close at $45.95 with a transfer of 2,043 stocks, Sagicor Group rose 78 cents to $44.90 in an exchange of 13,599 shares,
In the preference segment, Eppley 7.25% preference share fell $1.40 and ended at $18.65 with investors transferring 2 stock units.
A total of 183,401 shares changed hands for US$13,204 compared to 596,504 units at US$35,632 on Friday.
Proven Investments declined 0.4 of a cent in closing at 14.5 US cents in an exchange of 608 units, Sterling Investments rose 0.15 of a cent to 1.95 US cents with investors trading 99 shares, Sygnus Credit Investments dipped 0.08 of a cent to 9.02 US cents, with 5,822 stocks clearing the market. Sygnus Real Estate Finance USD share skidded 1.5 cents in closing at 8.5 US cents with an exchange of 16,019 stock units and Transjamaican Highway rallied 0.08 of a cent to close at 1.7 US cents after 152,800 units changed hands.
The market closed with trading in 52 securities, down from 53 on Thursday, and ended with 18 rising, 19 declining and 15 ending unchanged.
The Main Market closed with an average PE Ratio of 12.3. The JSE Main and USD Market PEs are based on the last traded prices and earnings projections by ICInsider.com, for companies with the financial year ending up to August 2024.
Mayberry Jamaican Equities declined by 25 cents to $11.25 with investors exchanging 200 stocks, MPC Caribbean Clean Energy climbed $11.50 to end at $81.50 with investors trading 1,292 units, NCB Financial increased $1 to close at $67, with 7,585 stock units clearing the market. Pan Jamaica lost $4.39 to $42.01 with investors trading 550 units, Proven Investments shed 45 cents in closing at $22 after an exchange of 6,352 stock units, Salada Foods increased 25 cents and ended at $2.80 in an exchange of 8,468 stocks. Scotia Group dropped $3.93 to close at a 52 weeks’ low of $30 with investors dealing in 1,155,439 shares, but the bid of $32.01 at the close was higher than the last traded price.
Seprod dipped $3.49 in closing at $66 in an exchange of 1,279 shares and Supreme Ventures popped 26 cents and ended at $27.50 as 316,047 stocks changed hands.
Overall, 596,504 shares were traded for US$35,632 up from 363,879 units at US$13,846 on Thursday.
Sterling Investments declined 0.12 of a cent and ended at 1.8 US cents after exchanging 40,000 stocks, Sygnus Credit Investments ended at 9.1 US cents with investors dealing in 6,635 stocks and Transjamaican Highway dipped 0.06 of a cent in closing at 1.62 US cents, with 512,247 stock units crossing the market.
Proven Investments lost 0.2 cents in closing at 14.8 US cents with an exchange of 17,421 units, Sygnus Credit Investments remained at 9.1 US cents with 108 stocks clearing the market, Sygnus Real Estate Finance USD share ended at 10 US cents in trading 18 shares and Transjamaican Highway fell 0.01 of a cent to end at 1.68 US cents after 273,196 units passed through the market.
A total of 50,800,250 shares changed hands at $320,174,232, up sharply from 5,494,640 units at $31,905,669 on Wednesday.
The All Jamaican Composite Index skidded 1,390.33 points to 349,133.32, the JSE Main Index climbed 128.65 points to close trading at 316,174.86 and the JSE Financial Index dipped 0.31 points to finish at 70.35.
Kingston Wharves lost $1.48 to end at $26.52, with 1,390 stock units crossing the market, Massy Holdings rallied $1.50 in closing at $96.50 with 553 shares changing hands, Mayberry Investments declined 89 cents in closing at $7.61 while exchanging 2,225 units, NCB Financial dropped $2 to $66 with stakeholders trading 66,742 stocks. Pan Jamaica gained $1.40 to close at $46.40 with the swapping of 39,793 stock units, Proven Investments popped 95 cents and ended at $22.45 with 13,352 shares crossing the exchange, Pulse Investments fell 30 cents to end at $2.20 in switching ownership of 55,812 units, Sagicor Group fell 41 cents in closing at $44.09 in an exchange of 34,660 stocks and Supreme Ventures gained 22 cents and ended at $27.24 with investors dealing in 13,697 shares.
JMMB Group 7% preference share advanced 30 cents to close at $2 with investors transferring 3,276 units, 138 Student Living preference share lost $15 to end at $84.98 in an exchange of 44 stock units and Productive Business Solutions 10.5% preference share dropped $180 and ended at $1020 with an exchange of 100 stocks.