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.
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.
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.
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.
Trading took place in 54 securities compared with 53 on Tuesday and ended, with prices of 20 rising, 16 declining and 18 left unchanged.
The All Jamaican Composite Index fell 107.59 points to 350,523.65, the JSE Main Index shed 1,264.18 points to end at 316,046.21 and the JSE Financial Index rose 0.24 points to 70.66.
Jamaica Broilers popped $1 and ended at $32 after investors swapped 4,600 shares, JMMB Group dropped 30 cents in closing at $28.20, with 38,141 stock units changing hands, Kingston Wharves rallied $1.20 to $28 in trading 22,050 stocks. Massy Holdings shed $1 to close at $95 after exchanging 3,000 units, Mayberry Jamaican Equities rose 45 cents to end at $11.50 after 26,200 stock units passed through the market, NCB Financial declined 25 cents to $68 after an exchange of 41,895 stocks, Proven Investments dipped 40 cents to end at $21.50 with traders dealing in 230 shares. Seprod lost 41 cents in closing at $69.49, with 5,713 shares crossing the exchange, Supreme Ventures rallied 30 cents and ended at $27.02 with investors dealing in 51,532 stocks and
Victoria Mutual Investments rose 18 cents to close at $3.03 while exchanging 173,342 stock units.
Trading activity dropped sharply, with a 41 percent decline in the volume of stocks traded with 55 percent lower value than Monday, resulting from trading in 53 securities compared with 54 on Monday, with 18 rising, 20 declining and 15 ending unchanged.
The All Jamaican Composite Index lost 1,710.4 points to close at 350,631.24, JSE Main Index skidded 526.78 points to 317,310.39 and the JSE Financial Index slipped 0.27 points to 70.42.
Jamaica Producers fell $1.35 to $18.70 with 5,350 units changing hands, Jamaica Stock Exchange rose 50 cents to $10.15, with 19,583 shares crossing the market, JMMB Group climbed $1 to end at $28.50 after 34,852 stock units were traded, Kingston Properties rose 80 cents and ended at $7.40 in trading 10,000 stocks. Kingston Wharves dropped $3.16 to close at $26.80 after a transfer of 5,313 shares, Pan Jamaica dipped $1 in closing at $45 in an exchange of 2,716 stock units, Sagicor Group skidded 50 cents in closing at $44.50, with 155,542 units changing hands, Scotia Group rallied 40 cents and ended at $33.90 after an exchange of 119,374 stocks after the group reported nine month’s profit up 74 percent, to $12.8 billion. Seprod increased 90 cents to end at $69.90 after 963 stocks passed through the market,
Stanley Motta advanced 59 cents to $5.34 with investors dealing in 100 units and Sygnus Credit Investments increased 30 cents to close at $11.30, with 58,391 shares crossing the exchange.
The market closed with trading of 9,156,436 shares at $134,445,305, up from 5,259,080 units at $54,075,283 on Friday.
The PE Ratio, a formula used to compute appropriate stock values, averages 12.2 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.
Guardian Holdings shed $34.80 to $401.20, with 182 units crossing the market, Jamaica Broilers fell $1 to $31 with an exchange of 66,931 shares, Jamaica Producers climbed $1.44 to end at $20.05 after 2,766 stocks changed hands, Jamaica Stock Exchange lost 35 cents in closing at $9.65 with trading of 17,938 stock units. JMMB Group fell $2.20 and ended at $27.50, with 43,366 stock units clearing the market, Kingston Properties, lost 72 cents to $6.60, with 5,350 units crossing the exchange, Kingston Wharves advanced $3.39 to $29.96 with investors dealing in 3,501,338 shares, Massy Holdings dipped $4.20 to close at $96 with 4,965 stocks being traded. NCB Financial skidded $1.50 in closing at $68.50 after trading 18,481 shares, Pan Jamaica popped $3 to end at $46 with investors transferring 878 units, Pulse Investments rallied 31 cents and ended at $2.51 and closed after trading in 16,227 stocks, Sagicor Group rose 49 cents to $45, with 9,649 stock units crossing the market.
Seprod dropped $1.10 and ended at $69 in trading 17,450 shares, Stanley Motta declined 46 cents in closing at $4.75 with traders dealing in 30,730 stock units, Sygnus Credit Investments shed 30 cents to close at $11 after an exchange of 71,631 stocks and Wisynco Group increased 60 cents to end at $18 after exchanging 122,891 units.
On Friday 5,259,080 shares were traded for $54,075,283 compared to 10,619,694 units at $79,408,765 on Thursday.
The PE Ratio, a formula to compute appropriate stock values, averages 12.2 for the Main Market. The JSE Main and USD Market PE ratios are computed using the last traded prices and earnings forecasted by ICInsider.com for companies with the financial year ending up to August 2024.
JMMB Group climbed $2.21 in closing at $29.70 with 175,016 stocks being traded, following an announcement by the company that it will be buying back 10 million shares in the open market. Kingston Wharves dropped $2.44 to close at $26.57 with a transfer of 22,863 shares, Margaritaville advanced 30 cents to end at $16.30 after a transfer of a mere unit. NCB Financial gained $1.90 to close at $70 after 27,066 shares changed hands, Pan Jamaica skidded $1 to $43 with investors swapping 1,645 stock units, Sagicor Group shed 59 cents to close at $44.51 in trading 112,999 units. Scotia Group advanced 39 cents in closing at $33.44 as investors exchanged 309,106 stocks, Stanley Motta climbed 61 cents to end at $5.21, with 1,001 shares crossing the market and Supreme Ventures fell 76 cents and ended at $26.74 with an exchange of 138,995 units.
In the preference segment, Eppley 7.25% preference share rose $1.39 to $20 in an exchange of 69 stocks, Jamaica Public Service 9.5% gained $109.99 in closing at $3099.99 after investors traded just one stock and Productive Business Solutions 10.5% preference share dropped $135 to $1.200, with 150 stocks clearing the market.
Declining stocks outgunned rising stocks nearly 2 to 1 at the close of trading activity on the Jamaica Stock Exchange Main Market on Thursday, as the volume of stocks traded declined 10 percent as the value climbed 27 percent over Wednesday, leading to trading in 51 securities down from 56 on Wednesday, with prices of 15 rising, 28 declining and eight ending unchanged.
JMMB Group 7.5% preference share led trading with 4.82 million shares for 45.4 percent of total volume followed by Wisynco Group with 1.66 million units for 15.6 percent of the day’s trade and Sagicor Select Financial Fund with 957,709 units for 9 percent market share.
At the close, Caribbean Cement declined 60 cents and ended at $50.30 after a transfer of 1,130 shares, Caribbean Producers gained 30 cents to close at $9.95 while exchanging 100 units, Carreras shed 50 cents to end at $8.20 with an exchange of 324,379 stock units. GraceKennedy dipped 68 cents in closing at $71.50 after exchanging 76,459 stocks, Jamaica Stock Exchange dropped 69 cents to close at $9.50 with stakeholders exchanging 5,073 stock units, Kingston Properties rallied 57 cents to close at $7.32 after trading 3,430 stocks. NCB Financial skidded $1.90 to end at $68.10 with investors trading 35,818 shares, Sagicor Group fell 90 cents to $45.10 with traders dealing in 4,827 units, Scotia Group lost 70 cents in closing at $33.05, with 211,602 stocks crossing the market. Seprod skidded 90 cents and ended at $70.10 after 977 units passed through the market and Stanley Motta dropped 61 cents in closing at $4.60 as investors exchanged 44,895 stock units.
In the preference segment, Jamaica Public Service 7% increased $14 to $55 and closed trading with 62 shares changing hands.