Trading dips on JSE Main market

Trading on the Jamaica Stock Exchange Main Market ended on Tuesday, with the volume of stocks traded declining 64 percent and the value 61 percent lower than on Monday, with trading in 55 securities compared with 58 on Monday, with prices of 24 stocks rising, 19 declining and 12 ending unchanged.
The market closed with 12,851,415 shares trading for $53,884,935, down from 35,567,325 units at $139,024,409 on Monday.
Trading averaged 233,662 shares at $979,726 compared to 613,230 units at $2,396,973 on Monday and month to date, an average of 256,947 units at $1,150,430, compared with 259,799 units at $1,171,340 on the previous day and January  with an average of 265,804 units at $2,438,118.
Wigton Windfarm led trading with 4 million shares for 31.1 percent of total volume followed by JMMB 9.5% preference share with 3.94 million units for 30.7 percent of the day’s trade and Transjamaican Highway with 1.83 million units for 14.3 percent of the volume of stocks traded.
The All Jamaican Composite Index popped 93.57 points to close trading at 370,839.06, the JSE Main Index fell 377.08 points to finish at 334,406.36 and the JSE Financial Index sank 0.55 points to close at 71.25.
The Main Market ended trading with an average PE Ratio of 13.5. 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 13 stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Barita Investments dipped $1.02 to end at $70.18 in trading 25,060 stock units, Caribbean Cement climbed $1.99 to $55.99, with 5,141 shares changing hands, Eppley popped $1.99 to $35.99 as investors exchanged 5,247 stocks. Eppley Caribbean Property Fund fell by $2.50 to close at $37.50, with 7,102 units crossing the market, GraceKennedy advanced 44 cents and ended at $76 with a transfer of 2,422 stocks, Guardian Holdings rose $8 to $368 with 19 units clearing the market. Jamaica Broilers declined 50 cents to close at $34 after closing with an exchange of 28,112 shares, Jamaica Producers rallied 65 cents to end at $24.20 with investors trading 84 stock units, JMMB Group shed $1.39 in closing at $24.05 while exchanging 242,450 shares. Kingston Wharves dropped $2.40 and ended at $28.10 in switching ownership of 80,542 units, Massy Holdings lost 50 cents to close at $99.50 after exchanging 26 stocks, Pan Jamaica increased $1.08 to end at $51.20 with investors trading 189 stock units. Sagicor Group gained 50 cents in closing at $44 in an exchange of 7,763 shares, Salada Foods sank 33 cents and ended at $3.12 with investors swapping 11,295 units, Scotia Group rose 50 cents to close at $45 with an exchange of 47,920 stocks. Seprod rallied $1 to $83, with 2,377 stock units crossing the market, Supreme Ventures increased $1.97 and ended at $26.50 with investors transferring 68,313 shares, Victoria Mutual Investments climbed 32 cents in closing at $3 in an exchange of 49,930 units and Wisynco Group skidded 30 cents to close at $21.70 with investors dealing in 307,864 stocks.
In the preference segment, Jamaica Public Service 7% sank $5.80 to end at $43 after a transfer of 561 stock units and Productive Business Solutions 10.5 % preference share declined $16 to $1284 with traders dealing in 3 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.