Trading dips on JSE Main Market

Trading on the Jamaica Stock Exchange Main Market ended on Tuesday, with the volume of stocks traded declining 34 percent and the value 17 percent lower than on Monday, with trading in 56 securities compared with 61 on Monday, with prices of 17 stocks rising, 25 declining and 14 ending unchanged.
The market closed with 9,981,935 shares trading for only $45,441,226 compared with 15,142,311 units at $54,478,058 on Monday.
Trading averaged 178,249 shares at $811,450 compared to 248,235 units at $893,083 on Monday and month to date, an average of 260,955 units at $1,105,240 compared with 299,552 units at $1,242,342 on the previous day and February with an average of 385,143 units at $3,418,046.
Wigton Windfarm led trading with 5.05 million shares for 50.6 percent of total volume followed by Transjamaican Highway with 1.81 million units for 18.2 percent of the day’s trade after trading at 52 weeks’ high and Sagicor Select Financial Fund with 618,708 units for 6.2 percent market share.
The All Jamaican Composite Index declined by 930.44 points to close at 376,683.66, the JSE Main Index shed 669.73 points to close at 335,927.19 and the JSE Financial Index dipped 0.28 points to wrap up trading at 71.82.
The Main Market ended trading with an average PE Ratio of 13.9. 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 around August 2024.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, First Rock Real Estate climbed 60 cents to close at $9.60 in trading 474 stocks, Jamaica Broilers increased 34 cents to $33.40, with 189,080 units crossing the market, Jamaica Stock Exchange popped 73 cents in closing at $10.74 as investors exchanged 19,140 shares. Kingston Properties shed 65 cents to end at $7.35 in switching ownership of 123,019 stock units, Kingston Wharves sank $1.17 and ended at $33.90 with dealers exchanging 3,782 shares, Mayberry Group declined 85 cents to $7.15 and closed after an exchange of 3,500 stocks. NCB Financial lost $2.25 to end at $67.25 with an exchange of 14,606 stock units, Proven Investments gained $2.11 in closing at $23.69, with 650 units passing through the market, Pulse Investments lost 8 cents in closing at a 52 weeks’ low of $1.71 after an exchange of 236,987 shares. Sagicor Group rose 58 cents to close at $41.78 with a transfer of 70,979 stocks, Scotia Group dropped 50 cents and ended at $46.50 after investors exchanged 55,564 units and Seprod fell $2.20 to $85 with investors swapping 29,566 shares.
In the preference segment, Jamaica Public Service 7% dipped $2 to end at $45 in an exchange of 314 stock units and JMMB Group 7% preference share rallied 30 cents in closing at a 52 weeks’ high of $3.53 with investors transferring 541 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.