In Monday’s trading, declining stocks exceeded those rising by a wide margin on the Jamaica Stock Exchange Main Market on Monday, with the volume of stocks traded rising 60 percent with an 8 percent lower value than on Friday, after 57 securities were traded up from 54 on Friday, and ended with 16 rising, 25 declining and 16 ending unchanged.
A total of 16,146,320 shares were exchanged for $67,828,590 versus 10,072,258 units at $74,070,561 on Friday.
Trading averaged 283,269 units at $1,189,975 compared with 186,523 shares at $1,371,677 on Friday and month to date, an average of 194,595 units at $1,098,838, compared to 171,730 units at $1,075,008 on the previous trading day. October closed with an average of 231,243 units at $1,464,224.
Wigton Windfarm led trading with 10.90 million shares for 67.5 percent of total volume, followed by Transjamaican Highway with 1.50 million units for 9.3 percent of the day’s trade and 138 Student Living with 1.04 million units for 6.4 percent market share.
The All Jamaican Composite Index dropped 1,302.79 points to 396,650.26, the JSE Main Index fell 2,127.45 points to 347,022.71 and the JSE Financial Index declined 0.30 points to close at 83.36.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.5 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 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 rallied $4 in closing at $61.50 after exchanging 4,250 shares, Guardian Holdings slumped $22.98 to end at $496.02 with investors transferring 2,971 stock units, Jamaica Broilers shed $1.13 after finishing at $28 trading 34,225 stocks. Jamaica Producers fell $2.78 to close at $17.52 in exchanging 5,328 units, Jamaica Stock Exchange gained 84 cents to close at $16.05 with the swapping of 400 units, JMMB Group declined 80 cents to end at $36.50 with 32,634 stock units changing hands. Massy Holdings dipped $1 to close at $79 in transferring 1,128 stocks, Mayberry Investments dropped $1 to end at $7 with an exchange of 15,815 shares, NCB Financial lost $1 in closing at $85, trading 377,375 units. PanJam Investment shed 50 cents to finish at $54 with the swapping of 366 shares, Portland JSX gained 50 cents to end at $9.50 with 6,612 stocks changing hands, Supreme Ventures dipped 68 cents to $26 as investors switched ownership of 220,329 stock units.
In the preference segment, Jamaica Public Service 9.5% popped $100 in closing at $3,000 with an exchange of 4 shares and 138 Student Living preference share declined $1.07 to close at $49.55 after a transfer of 322 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Lasco Financial heads Junior Market TOP10
Iron Rock Insurance rose 23 percent for the past week after closing at $2.72. It exited ICInsider.com TOP10 of Junior Market stocks while Lasco Financial climbed back into the top list to be the stock likely to gain the most into the first half of 2023, with 268 percent, at the same time, Key Insurance gained 8 percent to close the week at $3.76, enough to push it from the TOP10 to be replaced by Radio Jamaica that dropped to $1.81 on Friday.
Following Lasco Financial half year results, with profit up 26 percent in the September quarter, earnings for the full year were raised from 40 cents to 50 cents, with the company resuming growing the loan portfolio. Lasco Manufacturing released six months of results to September that rose 23 percent in the quarter, an improvement over the first quarter and retains earnings previously projected.
The past week ended with the Junior Market moving modestly higher, as it continues to consolidate ahead of a break that is poised to move it sharply higher, with third quarter results to start hitting the market in droves this week and next. The Main Market also closed marginally higher at the week’s end than the previous one.
The Junior Market rise during the week benefitted from three of the top 10 stocks gaining between 5 percent and 23 percent with only one decline of note. The Main Market’s highest loser fell 4 percent, while four stocks gained 4 to 8 percent.
Other notable price changes during the week include Dolphin Cove, with an increase of 8 percent to $14 and Paramount Trading, up 5 percent to $1.99, while Lasco Manufacturing declined 9 percent to close the week at $3.85 in the Junior Market and in the Main Market, Productive Business Solutions rose 6 percent to $1.38, Guardian Holdings jumped 5 percent to $519 following the release of impressive nine months results and VVM Investments popped 5 percent to $4.80 while Caribbean Producers slipped 4 percent to $13.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 13.6. At the same time, the Junior Market Top 10 PE sits at 5.9 versus the market at 12.6, an important indicator of the level of undervaluation of the ICTOP10s tocks. The Junior Market is projected to rise by 243 percent and the Main Market TOP10 by an average of 256 percent by May 2023.
The Junior Market has 14 stocks representing a third of the market, with PEs from 16 to 38, averaging 22 compared with the average of the market. The top half of the market has an average PE of 18.5. This data shows the extent of potential gains that the TOP 10 stocks possess. The situation in the Main Market is similar, with the 15 highest valued stocks priced at a PE of 15 to 80, with an average of 25 and 22 excluding the highest valued one and 21 for the top half excluding the highest valued stock.
ICTOP10 focuses on likely yearly winners. Accordingly, the list includes some of the best companies in the market but not always. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2023 and are ranked in order of potential gains, computed using projected earnings 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.
Week end rally for JSE Main Market
Stocks registered solid gains for the Jamaica Stock Exchange on Friday ended, with Guardian Holdings jumping $24, GraceKennedy nearly $5, Seprod $3.50 and Scotia Group $3, helping to drive the market index solidly up, with funds chasing stocks rising 29percent over Thursday even as the volume of stocks trading declined 24 percent and resulting in trading in 54 securities traded compared to 56 on Thursday, with 22 rising, 17 declining and 15 ending unchanged.
A total of 10,072,258 shares were exchanged for $74,070,561 against 13,269,863 units at $57,335,875 on Thursday.
Trading averaged 186,523 shares at $1,371,677 compared to 236,962 stocks at $1,023,855 on Thursday and month to date, an average of 171,730 units at $1,075,008 versus 166,859 units at $977,324 on the previous day. October closed with an average of 231,243 units at $1,464,224.
Transjamaican Highway was the lead trade, with 5.93 million shares for 58.9 percent of total volume, followed by Wigton Windfarm with 1.08 million units for 10.7 percent of the day’s trade and Pulse Investments with 564,202 units for 5.6 percent market share.
The All Jamaican Composite Index climbed 3,654.63 points to 397,953.05, the JSE Main Index advanced 4,247.25 points to 349,150.16 and the JSE Financial Index popped 1.10 points to end at 83.66.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.6 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 and August 2023.
Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cement dipped $4 to $57.50, trading 227,991 shares, First Rock Real 
Estate rose $1.44 to $14.44 in exchanging 10,904 stock units, GraceKennedy rallied $4.98 to end at $86.98 with the transfer of 8,513 stocks. Guardian Holdings climbed $24 to $519 with 3,296 units changing hands, Jamaica Broilers increased $1.03 in closing at $29.13 after 613 stock units crossed the market, Kingston Properties gained 47 cents to close at $7.32 in transferring 77,215 shares. Kingston Wharves popped 50 cents in closing at $37.50 in trading 2,599 stocks, Mayberry Investments rose 50 cents to end at $8 with an exchange of 20,000 units, Mayberry Jamaican Equities gained 78 cents to close at $13.78 with investors transferring 3,100 stock units. MPC Caribbean Clean Energy declined $4 to $80 with the swapping of 32 units, NCB Financial increased $1 in closing at $86 with 345,924 stocks clearing the market, 138 Student Living shed $1 to end at $4.50 after trading 35,857 shares. Palace Amusement dropped $107.82 to end at $720 as investors exchanged just six shares, 
Scotia Group rose $3 to close at $36 with a transfer of 69,965 stock units, Seprod advanced $3.50 to $71 with 12,086 units changing hands. Victoria Mutual Investments popped 61 cents in closing at $4.80 after an exchange of 751 stocks.
In the preference segment, Eppley 5% preference share fell 46 cents to $22.99 with an exchange of 20 stock units and 138 Student Living preference share climbed $7.52 to $50.62 after a transfer of 11 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Down day for JSE Main Market
The Main Market of the Jamaica Stock Exchange pulled back on Thursday, with more stocks prices declining than rising even as the volume of stocks traded more than doubled with a 231 percent increase as 34 percent greater value passed through the market than on Wednesday, with 56 securities trading up from 53 on Wednesday, with 17 rising, 23 declining and 16 ending unchanged.
A total of 13,269,863 shares were exchanged for $57,335,875 versus 4,010,188 units at $42,902,377 on Wednesday.
Trading on Thursday averaged 236,962 units at $1,023,855 versus 75,664 shares at $809,479 on Wednesday and month to date, an average of 166,859 units at $977,324 compared to 130,510 units at $953,197 on the previous trading day. October closed with an average of 231,243 units at $1,464,224.
Wigton Windfarm led trading with 5.77 million shares for 43.5 percent of total volume, Transjamaican Highway followed with 2.88 million units for 21.7 percent of the day’s trade and Pulse Investments with 1.55 million units for 11.7 percent market share.
The All Jamaican Composite Index dipped 2,217.91 points to 394,298.42, the JSE Main Index declined 1,738.67 points to 344,902.91 and the JSE Financial Index dropped 0.72 points to settle at 82.56.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.5 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 and August 2023.
Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments declined $1.48 to $95 with the swapping of 5,489 shares, Caribbean Cement climbed $3.40 in closing at $61.50 trading 9,217 stock units, First Rock Real Estate shed $1.44 after ending at $13 in exchanging 201,319 stocks. Jamaica Producers rose $2.80 to finish at $20.60 with the swapping of 2,795 units, JMMB Group advanced 70 cents to close at $37.30 with 23,906 stocks clearing the market, Kingston Wharves lost 50 cents to settle at $37 with 54,906 units changing hands. Mayberry Jamaican Equities rose 87 cents in closing at $13 in switching ownership of 200 stock units, PanJam Investment dipped $1.50 to end at $54.50 after closing with 1,491 shares clearing the market, Sagicor Group dropped $1.10 to $50 after the trading of 29,692 units. Scotia Group fell $2.40 to close at $33 in an exchange of 87,784 stock units, Seprod shed $3.45 to end at $67.50 with investors transferring 8,839 shares,
Supreme Ventures dropped 76 cents in closing at $26.70 in an exchange of 8,082 stocks and Victoria Mutual Investments fell 41 cents to end at $4.19 with a transfer of 80,815 stock units.
In the preference segment, Eppley 7.50% preference share dipped 95 cents in ending at 52 weeks’ low of $5.35 after an exchange of 39,000 shares and 138 Student Living preference share lost $11.90 to close at $43.10 with 42 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading plunges on the JSE Main market
The volume of stocks trading on Wednesday dropped 60 percent and the value was 28 percent lower than on Tuesday, following trading in 53 securities compared to Tuesday with 21 rising, 8 declining and 14 ending unchanged.
A total of 4,010,188 shares were exchanged for $42,902,377 versus 10,084,883 units at $60,042,941 on Tuesday.
Trading averaged 75,664 units at $809,479 versus 183,361 shares at $1,091,689 on Tuesday and month to date, an average of 130,510 units at $953,197. October closed with an average of 231,243 units at $1,464,224.
JMMB Group 7.35% – 2028 led trading with 1.08 million shares for 26.9 percent of total volume followed by Wigton Windfarm with 857,861 units for 21.4 percent of the day’s trade and Pulse Investments with 853,000 units for 21.3 percent market share.
The All Jamaican Composite Index rose 126.73 points to 396,516.33, the JSE Main Index gained 596.57 points to 346,641.58 and the JSE Financial Index dipped 0.15 points to settle at 83.28.
The PE Ratio , a formula to ascertain appropriate stock values, averages 13.5 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 and August 2023.
Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and seven with lower offers.
At the close, Barita Investments declined $1.52 in closing at $96.48 after exchanging 4,775 shares, Caribbean Cement gained 60 cents to close at $58.10 with the swapping of 1,283 stock units, Caribbean Producers popped 82 cents to $13.35 with investors transferring 82,145 units. Eppley climbed $2.23 to close at $37.43 after transferring 3,126 stocks, Eppley Caribbean Property Fund rose $1.97 to end at $40 with 1,500 shares changing hands, Jamaica Broilers lost 97 cents to close at $28 in trading 44,230 units. Jamaica Producers advanced 53 cents to $17.80 in exchanging 2,355 stocks, Kingston Wharves fell 40 cents in closing at $37.50 with 4,217 stock units clearing the market, Massy Holdings dropped $1.04 after ending at $79.96 in an exchange of 352 units. Mayberry Jamaican Equities dipped $1.69 to end at $12.13 trading 3,581 stock units, 138 Student Living shed 98 cents to close at $5.52 in an exchange of 25 stocks, Proven Investments gained $1.90 to end at $32 after 12,646 shares cleared the market.
In the preference segment, Eppley 7.50% preference share dropped $1.44 in closing at $6.30 with 202 units changing hands and Productive Business Solutions 9.75% preference share rallied $33 to $140 after a transfer of one stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading slips for JSE Main Market
The volume of stocks trading on Tuesday dropped 76 percent, with a 15 percent lower value than on Monday on the Jamaica Stock Exchange Main Market, resulting from 55 securities trading down from 60 on Monday, with 15 rising, 27 declining and 13 ending unchanged.
A total of 10,084,883 shares were exchanged for $60,042,941 versus 42,372,789 units at $70,469,791 on Monday.
Tthe average trade on Tuesday was 183,361 units at $1,091,689 versus 706,213 shares at $1,174,497 on Monday. The average trade in October ended with 231,243 units at $1,464,224.
Wigton Windfarm led trading with 3.86 million shares for 38.5 percent of total volume, followed by Transjamaican Highway with 1.85 million units for 18.5 percent of the day’s trade and Pulse Investments with 1.27 million units for 12.7 percent market share.
The All Jamaican Composite Index dipped 818.79 points to 396,389.60, the JSE Main Index fell 1,605.97 points to 346,045.01 and the JSE Financial Index rose 0.35 points to end at 83.43.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.4 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 and August 2023.
Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and 11 with lower offers.
At the close, Barita Investments dropped $1.85 to $98 with 12,578 stocks crossing the market, Caribbean Cement declined $3.25 to $57.50 with 116,678 stock units clearing the exchange, Caribbean Producers dipped 77 cents in closing at $12.53 after a transfer of 40,424 units, Eppley shed $4.50 to close at $35.20 with 174 stock units changing hands, First Rock Real Estate advanced 90 cents to $14.40 in an exchange of 1,114 units. GraceKennedy fell $2.85 to close at $82 with the swapping of 39,592 shares, Jamaica Producers lost $2.73 to end at $17.27 after trading 13,041 stocks, Jamaica Stock Exchange dipped $1.29 in closing at $15.21 with 3,767 stocks clearing the market. MPC Caribbean Clean Energy rallied $4 to $84 after trading 751 shares, NCB Financial gained $1 to close at $84.99 in exchanging 236,109 units, 138 Student Living dropped 45 cents to $6.50 in switching ownership of 1,073 stock units. PanJam Investment shed $3 to end at $56 as investors exchanged 73 stock units, Pulse Investments rose 46 cents after finishing at $3.39 with investors transferring 1,269,900 units, Sagicor Group lost $2.02 to close at $50.98 with the swapping of 50,178 stocks. 
Scotia Group declined $1.28 to end at $35.40 with a transfer of 62,578 shares, Stanley Motta popped $1.25 to close at $5.25 in trading 24,307 stocks, Sygnus Real Estate Finance fell 58 cents in closing at $10 after investors transferred two stock units.
In the preference segment, Eppley 7.50% preference share climbed 74 cents to $7.74 to close with a transfer of 101 units, 138 Student Living preference share shed 80 cents in ending at $55 after exchanging 41 shares and Productive Business Solutions 10.5% preference share increased $19.99 to end at a record $1,150, with 235 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Last minute trades save JSE Main Market
In a last minute fury of market activity, investors pushed some stocks prices higher in the last second before closing of the Jamaica Stock Exchange Main Market on Monday and saved the market from a big decline with the All Jamaican Composite Index shedding 1,082.10 points to settle at3 97,208.39, after sitting at 393,717.87 points seconds before the close, the JSE Main Index dropped 575.09 points to settle at 347,650.98 after it was just over 343,000 points seconds before the close.
The JSE Financial Index declined 0.55 points to settle at 83.08.
Trading ended with the volume of stocks declining 20 percent with a 54 percent lower value than on Friday, following activity in 60 securities compared to 52 on Friday, with 22 rising, 20 declining and 18 ending unchanged.
A total of 42,372,789 shares were traded for $70,469,791, down from 53,225,427 units at $154,094,564 on Friday. Trading averaged 706,213 units at $1,174,497 compared with 1,023,566 shares at $2,963,357 on Friday and month to date, an average of 231,243 units at $1,464,224, compared to 204,684 units at $1,480,424 on the previous trading day. September closed with an average of 533,719 units at $5,494,282.
Wigton Windfarm led trading with 26.73 million shares for 63.1 percent of total volume followed by Sagicor Select Financial Fund with 11.77 million units for 27.8 percent of the day’s trade and Pulse Investments with 1.25 million units for 3 percent market share.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.7 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 and August 2023.
Investor’s Choice bid-offer indicator shows 16 stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Caribbean Cement rallied $3.25 to close at $60.75 in trading 43,191 units following the release of nine months’ results showing profit rising 36 percent over 2021 for the nine months to September. First Rock Real Estate shed 55 cents ending at $13.50, with 17,662 stocks changing hands. GraceKennedy lost $2.65 to end at $84.85, with 71,496 stock units crossing the market, Jamaica Broilers increased 70 cents in closing at $29.20 after an exchange of 23,028 shares, Jamaica Producers popped $2.15 in closing at $20, with 13,641 units clearing the market. Jamaica Stock Exchange rose $1.30 to close at $16.50 trading 43,919 stock units, JMMB Group advanced 80 cents to $37 in exchanging 40,954 stocks, Margaritaville fell $3.39 to $19.21, with just five stock units crossing the market. MPC Caribbean Clean Energy dipped $3.99 to end at $80 after 69 shares passed through the exchange, NCB Financial dropped $1 in closing at a 52 weeks’ closing low of $83.99 after hitting an intraday low of $80 and closed, with 154,927 shares changing hands, 138 Student Living gained $1.32 in ending at $6.95 after trading 8,099 stocks. 
PanJam Investment climbed $2.13 to end at $59 in exchanging 14,751 stocks, Sagicor Group increased $3 to close at $53 with a transfer of 66,120 shares, Scotia Group rallied 68 cents to $36.68 with the swapping of 32,744 units. Stanley Motta fell 60 cents in closing at $4 after a transfer of 13,007 stock units and Sygnus Real Estate Finance advanced $1.38 to $10.58 with investors transferring 941 stocks.
In the preference segment, 138 Student Living preference share climbed $9.76 to end at $55.80 in switching ownership of 652 stock units and Productive Business 10.5% declined $19.99 to $1,130.01 after an exchange of 272 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Promise for Junior Market TOP10
In a week when Junior Market made a modest move higher, as it looks well positioned to break sharply higher, with third quarter results hitting the market in droves beginning this week, the Main Market closed at its lowest level since the year of covid-19, at the start of September 2020, but may not be far from bottoming.
Junior Market with wedge formation that looks poised to break sharply higher.
NCB Financial dropped to a 52 weeks’ low of $80 during Friday’s trading and was the main factor in the market two year low.
This week, Medical Disposables earnings were downgraded to a respectable 75 cents, which is inadequate to keep it in the ICTOP10 but remains a strong buy for investors to enjoy growth. Lasco Manufacturing rejoins the Junior Market ICTOP10.
Even as the junior market rose during the week, three of the top 10 stocks declined between 5 percent and 11 percent with no increases of note. The Main Market’s highest losers fell 7 percent, with no significant gains in the market listing.
Price changes worth noting include iron rock insurance, with an 11 percent fall to $2.22, followed by General Accident with a decline of 10 percent to $4.55, Paramount Trading lost 7 percent to $1.90. Caribbean Cream declined 6 percent to close the week at $3.86 in the Junior Market and in the Main Market, VVM Investments fell 7 percent to $4.60 while Productive Business Solutions slipped 6 percent to $1.30. JMMB Group was down 5 percent to $36.20.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of13.5, while the Junior Market Top10 PE sits at 5.6 versus the market at 12.9 , important indicators of the level of undervaluation of the ICTOP10stocks. The Junior Market is projected to rise by 243 percent and the Main Market TOP10 by an average of 256 percent to May 2023.
The Junior Market has 15 stocks representing a third of the market, with PEs from 15 to 39, averaging 22 compared with the above average of the market. The top half of the market has an average PE of 18.5. This data shows the extent of potential gains that the TOP 10 stocks possess. The situation in the Main Market is similar, with the 14 highest valued stocks priced at a PE of 16 to 76, with an average of 26 and 22 excluding the highest valued one and 21 for the top half excluding the highest valued stock.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market but not always. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2023 and are ranked in order of potential gains, computed using projected earnings 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.
JSE Main market takes weekly hit
Trading activities surged sharply on Friday, with 589 percent more shares exchanged with a 192 percent rise in value on the Jamaica Stock Exchange Main Market than Thursday, with 52 securities trading down from 56 on Thursday, with 17 rising, 22 declining and 13 ending unchanged.
Three stocks traded at one year lows, with NCB Group hitting an intraday low of $80 before closing at a yearly low of $84.99, Pulse Investment closed at a low of $2.85 and Sagicor Select Financial Fund hit a year’s low of 36 cents but closed at 42 cents.
Investors traded 53,225,427 shares for $154,094,564, up sharply from 7,725,167 units at $52,758,028 on Thursday.
Trading averaged 1,023,566 units at $2,963,357 compared with 137,949 shares at $942,108 on Thursday and month to date, an average of 204,684 units at $1,480,424 versus 162,977 units at $1,404,898 on the prior day. September closed with an average of 533,719 units at $5,494,282.
Wigton Windfarm led trading with 46.56 million shares for 87.5 percent of total volume, followed by Sagicor Select Financial Fund with 2.23 million units for 4.2 percent of the day’s trade and Massy Holdings with 1.02 million units for 1.9 percent of market share.
The All Jamaican Composite Index shed 2,372.81 points to end at 398,290.49, down 9 percent for the year. The JSE Main Index fell 1,815.69 points to 348,226.07 to record a 12 percent decline in 2022 and the JSE Financial Index dropped 0.63 points to settle at 83.63.
The PE Ratio, a formula used to ascertain appropriate stock values, averages 13.5 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 and August 2023.
The Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Eppley climbed $1.71 to $39.70 with an exchange of 95 shares, GraceKennedy lost $2 in closing at $87.50, with 58,446 stock units clearing the market, Jamaica Broilers declined 50 cents to close at $28.50 after exchanging 22,021 stocks. Jamaica Producers increased 55 cents to end at $17.85 as investors exchanged 389 units, JMMB Group fell $1.20 to $36.20 after finishing with investors dealing in 42,413 stock units, Massy Holdings rallied 97 cents to close at $81 in exchanging 1,019,351 units. Palace Amusement advanced 82 cents in closing at $827.82 after a transfer of 78 shares, Portland JSX dropped $1.20 to end at $9 after trading 1,689 stocks, Sagicor Group shed 50 cents ending at $50, with 59,518 units crossing the market. 
Scotia Group rose 60 cents to $36, closing with an exchange of 4,653 stocks, Seprod popped $2.84 to $71 with the swapping of 2,491 shares and Sygnus Real Estate Finance dipped 80 cents to end at $9.20 in an exchange of 300 stock units.
In the preference segment, 138 Student Living preference share dropped $6.90 to $46.04 with a transfer of 142 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Falling volume, slipping prices on JSE Main Market
The volume of stocks traded declined 59 percent, with a 28 percent lower value than in trading Wednesday at the close of activity on the Jamaica Stock Exchange Main Market on Thursday and ended, with 56 securities trading, up from 53 on Wednesday, with prices of 16 rising, 28 declining and 12 ending unchanged.
A total of 7,725,167 shares were traded for $52,758,028 down from 18,798,375 units at $73,598,833 on Wednesday.
Trading averaged 137,949 shares at $942,108 down from 354,686 stock units at $1,388,657 on Wednesday and month to date, an average of 162,977 units at $1,404,898 down from 164,430 units at $1,431,754 on the previous day. September closed with an average of 533,719 units at $5,494,282.
Wigton Windfarm led trading with 3.13 million shares for 40.5 percent of total volume, followed by Pulse Investments with 1.06 million units for 13.7 percent of the day’s trade and Transjamaican Highway with 990,665 units for 12.8 percent market share.
The All Jamaican Composite Index shed 1,462.75 points to settle at 400,663.30, the JSE Main Index declined 1,237.21 points to 350,041.76 and the JSE Financial Index dropped 0.43 points to close at 84.26.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.5 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 and August 2023.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Barita Investments dipped $1.16 to close at $100 with 2,216 shares clearing the market, Caribbean Cement lost 40 cents to end at $57.50 after exchanging 32,270 stock units, Eppley Caribbean Property Fund dropped $1.03 to $38.01 after trading 2,137 units. GraceKennedy climbed 50 cents in closing at $89.50 with investors dealing in 77,765 stocks, Guardian Holdings shed $5 in ending at $495 after a transfer of 8,167 stock units, Jamaica Producers fell $1.70 to $17.30 with 8,532 shares changing hands. Kingston Wharves advanced $1.65 in closing at $37.90 in transferring 524 units, NCB Financial declined $1 to close at $85 with investors swapping 225,109 stocks, Palace Amusement shed 81 cents to $827 after trading 43 stock units. 
Proven Investments rallied $1.49 to end at $30 with the swapping of 1,250 units, Sagicor Group dipped 49 cents to $50.50 in trading 10,901 shares, Scotia Group dropped 60 cents in closing at $35.40 with 29,966 stocks crossing the exchange and Seprod dropped $2.79 to $68.16 while exchanging 4,390 units.
In the preference segment, 138 Student Living’s preference share increased $6.90 to close at $52.94 after15 stock units crossed the market and Productive Business Solutions 9.75% preference share declined $33 to $107 in transferring 29 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.