The Jamaica Stock Exchange Main Market climbed for a fourth consecutive day on Friday, with the market putting in another day of solid gains on Friday accompanied by a 50 percent decline in the volume of stocks traded following an 84 percent drop in value compared with Thursday, with trading in 58 securities up from 53 on Thursday and leading to prices of 15 rising, 24 falling and 19 ending unchanged.
A total of 9,259,098 shares were traded for $50,664,788 versus 18,676,905 units at $323,528,081 on Thursday.
Trading averaged 159,640 shares at $873,531 compared with 352,394 units at $6,104,303 on Thursday compared to an average of 316,608 units at $1,867,646 for August.
Wigton Windfarm led trading with 5.86 million shares for 63.3 percent of the total volume, Transjamaican Highway was next with 1.30 million units for 14 percent of the day’s trade and JMMB Group 7.5% with 336,417 units for 3.6 percent market share.
The All Jamaican Composite Index popped 3,500.76 points to finish at 358,324.54, the JSE Main Index popped 2,905.75 points to close at 324,637.55 and the JSE Financial Index rose 0.68 points to end at 72.73.
The PE Ratio, a formula used to compute appropriate stock values, averages 12.7 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.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and nine with lower offers.
At the close, Caribbean Cement dropped $1 in closing at $51 with a transfer of 30,539 shares, GraceKennedy fell 85 cents to end at $73.05 in trading 89,392 stock units, Guardian Holdings climbed $19.20 to $439.70 with investors clearing the market of 80 stocks. Jamaica Producers declined $1.78 to $18.03, with 1,818 stock units crossing the market, Jamaica Stock Exchange shed 55 cents to close at $10.13 after an exchange of 186,022 units, 
JMMB Group fell 44 cents to $27.40 with 6,068 shares changing hands. Margaritaville dipped $2.30 to end at $14.05 in an exchange of 49 stocks, Massy Holdings advanced 90 cents to $101 with stakeholders exchanging 99 shares, MPC Caribbean Clean Energy skidded $12.30 to close at $69.70 with investors transferring 18 stocks. NCB Financial shed 44 cents and ended at $72.96, with 7,926 shares crossing the market, Portland JSX fell $1 to close at a 52 weeks’ low of $8, with shareholders swapping 244 stock units, Sagicor Group dropped 51 cents and ended at $49.49 with investors dealing in 165,076 units. Sagicor Real Estate Fund gained 35 cents to end at $8.50 in switching ownership of 20 units and Seprod declined $1.62 in closing at $73.37 after exchanging 5,882 shares.
In the preference segment, Eppley 7.50%preference share rose 48 cents to $6 with an exchange of 116 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Falling stocks hard to find on JSE Main Market
Prices jumped broadly on the Jamaica Stock Exchange Main Market on Thursday, following a 109 percent jump in the volume of stocks traded as the value surged 401 percent higher than on Wednesday, after investors ended trading in 53 securities down from 59 on Wednesday, with 27 rising, eight declining and 18 ending unchanged.
A total of 18,676,905 shares were traded at $323,528,081 compared to 8,932,182 units at $64,616,360 on Wednesday.
Trading averaged 352,394 shares at $6,104,303 up sharply from 151,393 units at $1,095,193 on Wednesday and month to date, an average of 316,608 stocks at $1,867,646, just slightly more than the 314,910 units at $1,666,623 on the previous day. Trading in July closed with an average of 283,368 shares at $2,135,482.
Wigton Windfarm led trading with 4.31 million shares for 23.1 percent of total volume, followed by Sagicor Group with 3.28 million units for 17.5 percent of the day’s trade, Stanley Motta with 2.10 million units for 11.2 percent market share, Wisynco Group and Transjamaican Highway chipped in with 1.52 million units for 8.1 percent market share respectively and Sagicor Select Financial Fund with 1.24 million units for 6.6 percent of total volume.
The All Jamaican Composite Index gained 3,802.79 points to finish at 354,823.78, the JSE Main Index popped 2,577.57 points to 321,731.80 and the JSE Financial Index rallied 1.08 points to end at 72.05.
The PE Ratio, a formula used to compute appropriate stock values, averages 12.9 for the Main Market. The JSE Main and USD Market PE ratios are calculated based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows 10 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments climbed 47 cents to end at $76.37, with 413,555 shares crossing the market, Eppley rallied 97 cents to $36.50 in switching ownership of just 2 units, Jamaica Producers gained $1.80 and ended at $19.81 while exchanging 31,851 stocks, Jamaica Stock Exchange popped 98 cents in closing at $10.68, with 215,983 stock units clearing the market, JMMB Group increased 69 cents to $27.84 in an exchange of 140,735 units, Kingston Wharves rose $3 to $30 after exchanging 109,829 shares, Massy Holdings lost 90 cents to close at $100.10 with traders dealing in 1,580 stocks, 
MPC Caribbean Clean Energy advanced $9.50 and ended at $82 as investors exchanged 6 stock units, NCB Financial gained 40 cents to end at $73.40 with investors swapping 116,996 shares, Pan Jamaica rose $2.02 to close at $49.01 after 27,867 stocks were traded, Portland JSX declined $1 and ended at $9 trading 1,756 stock units, Proven Investments advanced 35 cents to close at $22.45 in trading 1,598 units, Sagicor Group increased $5.92 in closing at $50 after investors swapped 3,275,234 stock units, Sagicor Real Estate Fund dropped 35 cents to $8.15 after 10,408 shares passed through the market, Scotia Group climbed 83 cents to end at $33.84 with investors dealing in 704,129 units, Seprod rallied $4.99 in closing at $74.99 with investors transferring 435,817 stocks, Supreme Ventures skidded 49 cents to end at $27.50, with 361,791 units changing hands.
In the preference segment, Eppley 7.50% preference share fell 48 cents to close at $5.52 after an exchange of 13,126 stock units and Jamaica Public Service 7% popped $6.02 and ended at $52.82 in an exchange of 93 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Healthy climb in profit at Wisynco
Profit jumped 21 percent at Wisynco Group to a record $4.9 billion for the year to June, this year after corporation tax, over the 2022 earnings, resulting in earnings per share of $1.31 from sales revenues that climbed 20 percent to $58.45 billion up from $48.7 billion in 2022 but after investment and other income of $697 million compared with $453 million in the prior year.
Wisynco Group’s profit rose 21% for the 2023 fiscal year.
The profit margin improved during the year, with cost of sales dropping from 66 to 65 percent, with gross profit rising faster than sales, up 27 percent to $16.9 billion from $13.25 billion.
Loss at JP Snacks, an associate, worsened during the year with a modest 4 percent rise in revenues moving from $1.65 billion to $1.72 billion, with the loss jumping from $94 million to $194 million. Wisynco wrote down their investment due to impairment by $105 million during the year.
Administrative expenses jumped 25 percent to $1.8 billion from $1.4 billion. Sales and distribution expenses increased 29 percent to $9.2 billion from $7 billion. Staff cost climbed well ahead of inflation by nearly 25 percent to $6.33 billion, with wages up 23 percent to $5 billion. Finance cost declined to $131 million from $149 million in 2023. Depreciation rose 22 percent to $1.09 billion.
The operations generated Gross cash flow of $7.6 billion, but growth in working, addition to fixed assets offset by loan inflows and increased payables and dividend payment of $1.6 billion during the year, up from $1.5 billion in 2022, resulted in net inflows of $3.5 billion of which $1.17 billion was used to purchase investments.
Addition to fixed assets absorbed $2.4 billion during the year and includes work in progress of $1.4 billion. In 2022, addition to fixed assets was $637 million as the group increased investments in plant and machinery to expand its operation, which William Mahfood advises is targeted to expand factory and warehouse space by 60 percent to meet growing demand locally and overseas for its products.
Current assets climbed from $17.8 billion to $22.8 billion, including trade and other receivables of $5.45 billion cash and bank balances of $11.2 billion. Current liabilities ended at $8.3 billion versus $7.3 billion in 2022. Net current assets stood at $14.58 billion, up from $10.5 billion in June 2022.
At the end of June, shareholders’ equity climbed to $21 billion from $17.8 billion in 2022, long term borrowings stood at $3 billion, up from $747 million in 2022 and short term loans at $1.1 billion, up from $822 million. 2022.
Going forward, the group is set to acquire the distributorship of additional products during the year, in addition to the expansion now being undertaken to meet ongoing demand.
IC Insider.com computation projects earnings of $1.80 per share for the fiscal year ending June 2024, with a PE of just over 10 times current year’s earnings based on the price of $17 the stocks traded on Thursday morning on the Jamaica Stock Exchange Main Market.
Net asset value ended the period at $5.63, with the stock selling at 3 times book value.
The stock is one for the future. Investors may not see any notable price movement from the current level in the short term, but with the expansion now on the way and new products to be distributed, a successful future seems assured and the stock price will grow appreciably into the future.
Rising stocks dominate JSE Main Market
Rising stocks outpaced those declining more than two one at the close of trading on the Jamaica Stock Exchange Main Market on Wednesday, following trading in 59 securities up from 55 on Tuesday, with 28 rising, 13 falling and 18 ending unchanged, the volume of stocks traded declined 49 percent, with a 68 percent lower value than on Tuesday.
Trading resulted in an exchange for 8,932,182 shares for $64,616,360, down from 17,477,049 units at $200,353,274 on Tuesday.
Trading averaged 151,393 shares for $1,095,193 compared to 317,765 units at $3,642,787 on Tuesday and month to date, an average of 314,910 units at $1,666,623, compared with 324,029 units at $1,698,489 on the previous day. Trading in July closed with an average of 283,368 units at $2,135,482.
Wigton Windfarm led trading with 2.69 million shares for 30.2 percent of total volume, followed by JMMB Group 7.35% due 2028, with 1.21 million units for 13.5 percent of the day’s trade and Stanley Motta with 1.05 million shares for 11.8 percent market share.
The All Jamaican Composite Index lost 428.15 points to finish at 351,020.99, the JSE Main Index climbed 1,282.67 points to 319,154.23 and the JSE Financial Index added 0.38 points to end at 70.97.
The PE Ratio, the most common formula used in valuing stocks, averages 12.8 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.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments gained 77 cents to end at $75.90, with 12,859 shares changing hands, Caribbean Cement popped $1.99 and ended at $52 after 278,333 stocks passed through the market, Eppley skidded 46 cents to close at $35.53 with shareholders swapping 1,024 stock units, Eppley Caribbean Property Fund rallied $2.64 to $39 after trading 1,403 units. First Rock Real Estate advanced $1.04 in closing at $8.74 while exchanging 723 stocks, GraceKennedy lost $1.50 to close at $74 after an exchange of 119,230 shares, Guardian Holdings rose $19.30 and ended at $420.50 as investors exchanged 99 units, Jamaica Producers declined $1.09 to $18.01 after 150 stock units passed through the market. 
JMMB Group dropped 54 cents to close at $27.15 after an exchange of 22,349 stocks, Kingston Properties increased 40 cents in closing at $7.30 with investors dealing in 68 stock units, Massy Holdings climbed 90 cents to $101 with stakeholders exchanging 1,772 shares, MPC Caribbean Clean Energy gained $2.80 and ended at $72.50 after a transfer of 194 units. Seprod rallied $5 to close at $70 with a transfer of 146,479 units, Supreme Ventures gained 44 cents in closing at $27.99, with 9,896 shares changing hands, Sygnus Credit Investments shed 50 cents to land at $11.47 in an exchange of 67,753 stocks and Wisynco Group climbed $1.15 in closing at $18, with 81,066 stock units crossing the exchange before reporting full year profit results after the market closed, of $4.9 billion, up 21 percent over earnings for 2022 and resulting in earnings of $1.31 per share.
In the preference segment, Eppley 7.75% preference share popped 50 cents to close at $19 with investors transferring 260 shares, 
Jamaica Public Service 7% fell $12.06 to $46.80, with 358 stock units clearing the market and Productive Business Solutions 9.75% preference share advanced 50 cents to end at $100 in an exchange of 47 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Heavy trades in Carreras, Stanley Motta & Broilers
Heavy trading in Carreras, Stanley Motta and Jamaica Broilers on the Jamaica Stock Exchange Main Market on Tuesday push the volume of stocks traded up by 261 percent and the value 234 percent more than on Monday, with trading in 55 securities similar to trading on Monday and ended with prices of 20 rising, 16 declining and 19 ending unchanged.
A total of 17,477,049 shares were traded for $200,353,274 compared to 4,844,640 units at $59,990,583 on Monday.
Trading averaged 317,765 shares at $3,642,787 compared to 88,084 units at $1,090,738 on Monday and month to date, an average of 324,029 stocks at $1,698,489 compared to 324,372 shares at $1,591,873 on the previous day. July closed with an average of 283,368 units at $2,135,482.
Carreras led trading with 6.63 million shares for 37.9 percent of the volume, followed by Stanley Motta with 5.02 million units for 28.7 percent of the day’s trade and Jamaica Broilers with 3.0 million units for 17.2 percent market share.
The All Jamaican Composite Index popped 1,999.27 points to 351,449.14, the JSE Main Index rallied 881.84 points to close at 317,871.56 and the JSE Financial Index climbed 0.66 points to end trading at 70.59.
The PE Ratio, a formula used to compute appropriate stock values, averages 12.6 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecast by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Caribbean Cement skidded $1.99 to $50.01 with 2,410 shares being traded, GraceKennedy dipped 40 cents to close at $75.50, with 43,686 stock units crossing the exchange, Guardian Holdings dropped $18.80 to end at $401.20, with investors trading 100 units. Jamaica Stock Exchange rose 97 cents to close at $9.50 as investors exchanged 7,053 stocks, Key Insurance popped 36 cents in closing at $2.87 after an exchange of 500 units, Kingston Properties dipped 45 cents to $6.90 after a transfer of 10,061 stocks. 
Margaritaville climbed $2.32 to close at $16.35 in switching ownership of 2 stocks, NCB Financial jumped $1.54 and ended at $72.98, with 54,335 shares crossing the market, Pan Jamaica fell 81 cents to close at $46.99 after 2,889 stock units passed through the market. Scotia Group fell 85 cents to end at $33, with 60,007 stocks changing hands, Seprod shed $3 to close at $65 after an exchange of 1,943 shares, Supreme Ventures skidded 44 cents to $27.55 in an exchange of 8,926 units and Sygnus Credit Investments gained 47 cents and ended at $11.97 in trading 33,270 shares.
In the preference segment, Eppley 7.75% preference share climbed 30 cents to end at $18.50 while exchanging 9,706 stock units, Jamaica Public Service 7% rallied $8.86 in closing at $58.86 after 12 units were traded, 
JMMB Group 7.25% preference share increased 59 cents and ended at $1.84 with traders dealing in 10 stocks and Productive Business Solutions 9.75% preference share skidded 50 cents to $99.50 with investors trading 26 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Falling stocks hit JSE Main Market
Falling prices dominated trading on the Jamaica Stock Exchange Main Market on Monday, after trading in 55 securities up from 51 on Friday, and ended with 29 declining, just 14 rising, and 12 ending unchanged, with moderate trading levels that led to a 54 percent fall in the volume of stocks 
traded following a modest increase in value over Friday and closed with two stocks ending at 52 weeks’ lows.
A total of 4,844,640 shares were traded for $59,990,583 compared to 10,571,793 units at $57,562,911 on Friday.
Trading averaged 88,084 shares at $1,090,738 compared to 207,290 units at $1,128,685 on Friday and month to date, an average of 324,372 shares at $1,591,873 versus 338,081 units at $1,620,947 on the previous trading day. July closed with an average of 283,368 units at $2,135,482.
Wigton Windfarm led trading with 1.20 million shares for 24.7 percent of total volume, followed by the Sagicor Select Manufacturing & Distribution Fund with 647,176 units for 13.4 percent of the day’s trade and Supreme Ventures with 634,654 units for 13.1 percent market share.
The All Jamaican Composite Index skidded 3,967.05 points to 349,449.87, the JSE Main Index dropped 3,340.09 points to finish at 316,989.72 and the JSE Financial Index
slipped 0.67 points to 69.93.
The PE Ratio, a formula used to compute appropriate stock values, averages 12.5 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.
Investor’s Choice bid-offer indicator shows 10 stocks ended with bids higher than their last selling prices and one with a lower offer, a strong indication that the market will open positively on Tuesday.
At the close, Caribbean Cement gained $2 to close at $52 with a transfer of 1,972 shares, Caribbean Producers fell 40 cents to close at $9.60 with shareholders swapping 55,803 stock units, Eppley Caribbean Property Fund lost $4.74 to close at $36.36 after trading in 5,460 units. First Rock Real Estate dropped 79 cents to end at $7.71 after investors ended trading 50 stocks, Guardian Holdings declined $19.75 and ended at $420 with investors dealing in 12 shares, 
Jamaica Stock Exchange shed $1.24 to close at a 52 weeks’ low of $8.53, with 14,677 stock units crossing the market, after trading at a 52 weeks’ intraday low of $8.25. JMMB Group dipped 95 cents to end at $27.84 with 284,271 units clearing the market, Kingston Properties climbed 35 cents to $7.35 after 7 stocks passed through the market, Massy Holdings skidded 90 cents to $100.10 with an exchange of 5,230 stock units. NCB Financial dropped $2.56 in closing at $71.44 after an exchange of 18,829 stocks, Sagicor Group fell $2.40 to close at $44.09 in switching ownership of 16,798 units, Scotia Group popped 85 cents and ended at $33.85 while exchanging 10,411 shares. Sygnus Credit Investments declined 47 cents in closing at $11.50 after trading in 4,927 stocks and Wisynco Group dipped $1.04 to end at $16.91, with 62,100 shares crossing the market.
In the preference segment, Eppley 7.50% preference share increased 49 cents to $6 with investors transferring 66 stock units, JMMBGL 7.25% preference share traded 612 units at a 52 weeks’ low of $1.25, after declining 20 cents and Productive Business Solutions 10.5 % preference share rallied $98 to close at $1,100 as investors exchanged 40 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading picks up on JSE Main Market
Trading activity picked up on the Jamaica Stock Exchange Main Market to close of the week on Friday, with the volume of stocks traded rising 16 percent and the value 63 percent more than on Thursday, with 51 securities trading compared with 53 on Thursday, with 19 rising, 19 declining and 13 ending unchanged.
A total of 10,571,793 shares were traded for $57,562,911 up from 9,151,844 units at $35,266,609 on Thursday.
Trading averaged 207,290 shares at $1,128,685 compared to 172,676 shares at $665,408 on Thursday and month to date, an average of 338,081 units at $1,620,947, compared with 345,517 units at $1,648,935 on the previous day. Trading in July closed with an average of 283,368 units at $2,135,482.
Stanley Motta led trading with 6.01 million shares for 56.9 percent of total volume, Wigton Windfarm followed with 1.82 million units for 17.2 percent of market share and Transjamaican Highway with 1.14 million units for 10.8 percent of the day’s trade.
The All Jamaican Composite Index skidded 1,591.81 points to finish at 353,416.92, the JSE Main Index popped 23.12 points to end at 320,329.81 and the JSE Financial Index inched 0.19 points higher to close at 70.60.
The PE Ratio, a formula used to compute appropriate stock values, averages 12.9 for the Main Market. The JSE Main and USD Markets’ PE ratios are calculated based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
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 71 cents to end at $7.76 with stakeholders exchanging 127 shares, Caribbean Cement fell $2 to end at $50 and in exchanging 6,100 stocks, Eppley Caribbean Property Fund advanced $1.10 to close at $41.10 with investors transferring 220 stock units. First Rock Real Estate gained 79 cents in closing at $8.50, with 2,400 units changing hands, Guardian Holdings jumped $37.84 to $439.75 after an exchange of 1,029 units,
Jamaica Stock Exchange lost 23 cents and closed at a 52 weeks’ low of $9.77 after hitting an intraday 52 weeks’ low of $9.10 in trading 86,890 shares. Jamaica Producers shed 31 cents to end at $19.18 after an exchange of 1,100 shares, JMMB Group rallied $1.76 to $28.79 with traders dealing in 82,869 stock units, Kingston Properties skidded 39 cents to $7 with a transfer of 1,302 stocks. Kingston Wharves dipped $1.90 and ended at $27 with shareholders swapping 16,096 shares, Massy Holdings climbed 90 cents in closing at $101 in an exchange of 960 stocks, Mayberry Jamaican Equities popped 40 cents to end at $11.80, with 38,877 stock units crossing the exchange. NCB Financial rallied $1 to $74, with 26,455 units crossing the market, Sagicor Group lost 41 cents to end at $46.49 as investors exchanged 1,711 shares, 
Scotia Group dropped $1 in closing at $33 in trading 4,346 units, Seprod increased 50 cents to close at $68 with 18,577 stocks clearing the market and Wisynco Group rose 94 cents and ended at $17.95 trading 7,870 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks skidded on JSE Main Market
Trading activity on the Jamaica Stock Exchange Main Market ended on Thursday, with the volume of stocks traded rising 21 percent but with a 56 percent lower value than Wednesday, with trading in 53 securities compared with 50 on Wednesday, and ended with 14 rising, 23 declining and 16 ending unchanged.
A total of 9,151,844 shares were traded for $35,266,609 versus 7,549,896 units at $79,965,770 on Wednesday.
Trading averaged 172,676 shares at $665,408 compared with 150,998 units at $1,599,315 on Wednesday and month to date, an average of 345,517 units at $1,648,935 compared to 356,373 units at $1,710,697 on the previous day. July closed with an average of 283,368 units at $2,135,482.
QWI Investments led trading with 2.91 million shares for 31.7 percent of total volume, followed by Wigton Windfarm with 1.94 million units for 21.2 percent market share and Transjamaican Highway ended with 1.31 million units for 14.3 percent of the day’s trade.
The All Jamaican Composite Index skidded 1,860.37 points to close at 355,008.73, the JSE Main Index dived 3,329.09 points to settle at 320,306.69 and the JSE Financial Index fell 1.14 points to close at 70.41.
The PE Ratio, a formula used to compute appropriate stock values, averages 12.8 for the Main Market. 
The JSE Main and USD Market PE ratios are calculated using the last traded prices in conjunction with ICInsider.com forecasted earnings for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Cement climbed 50 cents to end at $52 in switching ownership of 247 shares, Eppley Caribbean Property Fund fell $1.94 to $40 in trading 4,648 stocks, First Rock Real Estate declined $1.04 and ended at $7.71 with investors exchanging 4,414 units, Guardian Holdings dropped $37.84 to close at $401.91 after an exchange of a mere 2 shares. Jamaica Producers gained $1.49 to close at $19.49 with an exchange of 1,048 units, Massy Holdings dipped 90 cents and ended at $100.10 after 32,732 stocks passed through the market, 
Mayberry Jamaican Equities rose 40 cents to $11.40 with 78,223 stocks changing hands, MPC Caribbean Clean Energy skidded $12.30 to $69.70 with 2,285 shares clearing the market. NCB Financial shed $2 to close at $73 with investors dealing in 12,895 units, Sagicor Group increased $2.82 to $46.90 with traders exchanging 2,625 shares, Seprod dipped 50 cents in closing at $67.50 with 6,941 stocks crossing the market. Supreme Ventures shed 46 cents and ended at $27.99 with an exchange of 176,814 stocks, Sygnus Credit Investments popped 55 cents to end at $11.99 after trading 25,143 units and Wisynco Group skidded 84 cents to close at $17.01 with a transfer of 123,716 shares.
In the preference segment, Eppley 7.50% preference share dipped 49 cents to $5.51, with 17,000 stocks changing hands, Eppley 7.75% preference share fell $1.85 to close at $18.20 as investors exchanged 10,000 stock units. 
Jamaica Public Service 7% lost $5 and ended at $50 in an exchange of 1,000 units and Jamaica Public Service 9.5% dived $249.99 to end at $2800.01 after just one stock was traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rebound for JSE Main Market
Trading activity on the Jamaica Stock Exchange Main Market ended on Wednesday, with the volume of stocks traded declining 12 percent after the value jumping 65 percent compared to trading on Tuesday, following trading in 50 securities down from 56 on Tuesday and leading to prices of 13 rising, 21 falling and 16 ending unchanged.
At the close, the All Jamaican Composite Index climbed 1,340.21 points to 356,869.10, the JSE Main Index rose 1,279.01 points to close at 323,635.78 and the JSE Financial Index popped 0.32 points to end trading at 71.55.
A total of 7,549,896 shares were traded for $79,965,770 in contrast with 8,602,396 units at $48,412,908 on Tuesday.
Trading averaged 150,998 shares at $1,599,315 versus 153,614 shares at $864,516 on Tuesday and month to date, an average of 356,371 units at $1,710,697 compared with 369,304 units at $1,717,711 on the previous day. July closed with an average of 283,368 units at $2,135,482.
Transjamaican Highway led trading with 2.59 million shares for 34.4 percent of the total volume, followed by Wigton Windfarm with 1.70 million units for 22.5 percent of the day’s trade and Caribbean Cement with 812,000 units for 10.8 percent market share.
The PE Ratio, a formula used to compute appropriate stock values, averages 12.9 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasted by ICInsider.com for companies with the financial year ending up to August 2024.
The Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Berger Paints dipped 74 cents to $7.05 after an exchange of 6,538 shares, Caribbean Producers fell 39 cents and ended at $9.60 while investors traded 15,883 stock units, Jamaica Producers dropped $1.08 to close at $18 with an exchange of 15,539 units. Massy Holdings rose 75 cents in closing at $101 after investors ended trading 152 stocks, Mayberry Investments increased 64 cents to end at $8.64 while a mere 202 stocks passed through the market, 
Mayberry Jamaican Equities fell 40 cents to close at $11 with 37,481 units being traded. Pan Jamaica advanced 86 cents in closing at $48.05 after a transfer of 23,977 stock units, Sagicor Group shed $2.82 to end at $44.08 with investors exchanging 28,063 shares, Scotia Group climbed 99 cents to close at $34 in trading 1,066 stocks. Seprod fell $1.99 to $68 with a transfer of 5,919 stocks, Sygnus Credit Investments dropped 55 cents in closing at $11.44, with 9,330 shares crossing the market and Victoria Mutual Investments gained 33 cents to close at $3.03 after a transfer of 4,947 units.
In the preference segment, Jamaica Public Service 7% declined $1 and ended at $55 after three units cleared the market and Jamaica Public Service 9.5% lost $50 to end at $3050 in an exchange of 9 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Pull back for JSE Main Market
Trading activity on the Jamaica Stock Exchange Main Market ended on Tuesday, with the volume of stocks traded declining 12 percent and the value 36 percent lower than Monday, with 56 securities trading compared with 58 on Monday, with 25 rising, 20 falling and 11 ending unchanged.
A total of 8,602,396 shares were traded for $48,412,908 compared with 9,803,797 units at $75,092,515 on Monday.
Trading averaged 153,614 shares at $864,516 compared with 169,031 units at $1,294,699 on Monday and month to date, an average of 369,304 stocks at $1,717,711, compared to 385,670 shares at $1,782,452 on the previous day. Trading in July closed with an average of 283,368 units at $2,135,482.
Wigton Windfarm led trading with 3.17 million shares for 36.9 percent of total volume, Transjamaican Highway followed with 1.55 million units for 18 percent of the day’s trade and Sagicor Select Financial Fund with 888,086 units for 10.3 percent market share.
The All Jamaican Composite Index shed 2,282.01 points to close at 355,528.89, the JSE Main Index declined 1,867.4 points to 322,356.77 and the JSE Financial Index dipped 0.64 points to end at 71.23.
The PE Ratio, a formula used to compute appropriate stock values, averages 13 for the Main Market. The JSE Main and USD Market PE ratios are calculated based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows 10 stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Cement dropped 49 cents to close at $51.50, with investors transferring 29,125 shares, First Rock Real Estate climbed $1.05 to end at $8.75, with 2,095 units crossing the market, Jamaica Stock Exchange dipped 65 cents in closing at $10.05 as investors exchanged 849 stocks. Kingston Properties rallied 44 cents and ended at $7.44 after an exchange of 3,998 stock units, Kingston Wharves popped $1.10 to $28.90 as 5,630 stocks passed through the market, Mayberry Investments shed 57 cents to end at $8 in an exchange of 15,942 shares. Mayberry Jamaican Equities increased 40 cents in closing at $11.40 in an exchange of 251 stock units, 
NCB Financial gained $2.98 to close at $75, after 64,578 units crossed the exchange, 138 Student Living rallied 40 cents to close at $4.65 in switching ownership of 1,400 shares. Pan Jamaica rose $4.19 to $47.19 with 500 units clearing the market, Sagicor Group rallied $1.81 to $46.90, with 29,098 stocks changing hands, Scotia Group lost 99 cents to end at $33.01 after a transfer of 109,584 stock units. Seprod popped 99 cents to close at $69.99 after an exchange of 53,646 stocks, Supreme Ventures climbed $1.39 and ended at $28.50 with investors swapping 5,620 units, Sygnus Credit Investments rose 67 cents in closing at $11.99 and closed with 28,630 stocks being traded and Victoria Mutual Investments declined 30 cents to close at a 52 weeks’ low of $2.70, with 104,183 shares crossing the market.
In the preference segment, Productive Business Solutions 9.75% preference share rallied $8 to end at $100 while exchanging 2,195 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
