Trading dives on the JSE Main Market

Trading activity dropped on the Jamaica Stock Exchange Main Market on Thursday from Wednesday’s levels, with the volume of stocks traded declining 70 percent and the value 77 percent lower, after trading occurred in 55 securities, down from 57 on Wednesday and ended with 20 rising, 15 declining and 20 ending unchanged.
A total of 13,644,908 shares were traded for $75,752,827 down from 45,685,912 units at $335,401,719 on Wednesday.
Trading averaged 248,089 shares at $1,377,324 versus 801,507 shares at $5,884,241 on Wednesday and month to date, an average of 213,334 units at $1,718,745, compared with 211,465 units at $1,737,101 on the previous day. August closed with an average of 316,608 units at $1,867,646.
Transjamaican Highway led trading with 4.75 million shares for 34.8 percent of total volume followed by Wigton Windfarm with 3.18 million units for 23.3 percent of the day’s trade and Stanley Motta with 2.12 million units for 15.5 percent of the day’s trade.
The All Jamaican Composite Index rallied 368.40 points to 350,789.36, the JSE Main Index shed 2,429.16 points to close at 320,347.77 and the JSE Financial Index fell 1.52 points to 70.20.
The Main Market ended trading with an average PE Ratio of 12.6. 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 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 fell $3.20 to $74.90 and closed with an exchange of 18,238 shares, Caribbean Producers climbed 86 cents in closing at $9.99 with investors trading 600,538 stocks, Eppley Caribbean Property Fund increased $2.99 to end at $39.99 after trading of 13 stocks. GraceKennedy popped $1 and ended at $74, with 82,680 units crossing the exchange, Guardian Holdings skidded $30 to close at $490 with investors transferring 658 stock units, Jamaica Producers gained $1.28 to close at $20, with just 27 units crossing the market. Kingston Wharves rose $1 in closing at $29, with 17,510 stocks changing hands, Mayberry Jamaican Equities dipped 75 cents and ended at $10.50 after hitting an intraday 52 weeks’ low of $8.01, with 3,441 shares clearing the market, NCB Financial dropped $3 to $65 after 227,799 stock units passed through the market. Pan Jamaica rallied $1.20 to end at $50.20 with an exchange of 12,890 stocks, Portland JSX advanced 30 cents to close at $10.80 in switching ownership of 1,939 shares, Proven Investments increased $1.99 and ended at $21.99 with traders dealing in 12,480 units. Sagicor Group rallied 40 cents to $45 with a transfer of 204,396 shares, Seprod rose 74 cents in closing at $69.99, with investors trading 4,137 stock units and Stanley Motta advanced 32 cents to end at $5.60, with 2,117,321 units crossing the market
In the preference segment, 138 Student Living preference share gained $2 to end at $105 with shareholders swapping 1,400 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.