Trading dives on Main Market

Trading values plunged on the Jamaica Stock Exchange Main Market ended on Friday, with the volume of stocks traded moderately more with the value diving 86 percent lower than on Thursday, following trading in 53 securities compared with 57 on Thursday, with prices of 22 stocks rising, with only 12 declining and 19 ending firm.
Massy Holdings and NCB Financial sank to close at 52 weeks’ lows.
The market closed with an exchange of 7,561,920 shares for $37,357,214 compared with 7,104,872 units at $275,255,774 on Thursday.
Trading averaged 142,678 shares at $704,853 compared to 124,647 stock units for $4,829,049 on Thursday and month to date, an average of 821,037 units at $7,965,321 down from 871,110 units at $8,501,261 on the prior day and June with an average of 246,425 units at $1,945,941.
Transjamaican Highway led trading with 3.24 million shares for 42.9 percent of total volume followed by Wigton Windfarm with 1.70 million units for 22.5 percent of the day’s trade and Sagicor Select Financial Fund with 1.0 million units for 13.2 percent of the day’s trade.
The All Jamaican Composite Index dropped 943.02 points to end the day at 351,920.60, the JSE Main Index shed 1,235.69 points to conclude trading at 311,517.67 and the JSE Financial Index slipped 0.08 points to cease trading at 65.57.
The Main Market ended trading with an average PE Ratio of 14. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasted by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, AS Bryden gained 73 cents in closing at $36.75 in switching ownership of 103 stocks, Caribbean Producers shed 30 cents to $9.90 with investors dealing in 11,306 units, General Accident rose 30 cents to close at $6.30 after an exchange of 1,000 shares. GraceKennedy rallied $1 and ended at $73, with 1,324 stock units changing hands, Jamaica Broilers increased 64 cents to finish at $34 in an exchange of 19,217 shares, Jamaica Stock Exchange climbed 93 cents to end at $11.07 with 1,678 stocks clearing the market. JMMB Group popped $1.30 to $23.30 as investors exchanged 60,112 units, Massy Holdings lost $1.95 to close at a 52 weeks’ low of $78.05 after 158 stock units passed through the market, NCB Financial sank $3.90 and ended at a 52 weeks’ low of $51 with investors trading 81,951 shares. Pan Jamaica advanced $1.01 in closing at $49 with an exchange of 78 units, Sagicor Group popped 37 cents to finish at $40.38 after trading in 38,918 stocks, Scotia Group dropped $2.13 to end at $43.07, with 179,695 stock units crossing the exchange. Seprod climbed 50 cents in closing at $78.50 after a transfer of 5,036 shares and Wisynco Group sank $1.12 to $19.88 with investors swapping 95,466 stocks.
In the preference segment, Jamaica Public Service 7% rose $4.42 to end at $46.42 with a transfer of 2 units. 138 Student Living preference share advanced 74 cents to finish at $128.10, with 100 stock units crossing the market and Sygnus Credit Investments C10.5% increased $5 and ended at $107 with traders dealing in 550 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.