Trading on the Jamaica Stock Exchange Main Market ended on Thursday, with the volume of stocks that were exchanged declining by 47 percent and the value 16 percent lower than on Wednesday, following trading in 60 securities up from 54, with prices of 19 rising, 23 declining and 18 ending unchanged
The market closed with the trading of 6,727,759 shares at $51,740,145 compared with 12,754,102 stocks valued $61,851,097 on Wednesday.
Trading averaged 112,129 shares at $862,336 compared to 236,187 shares with a value of $1,145,391 on Wednesday and month to date, an average of 458,289 stock units at $1,874,351 compared to 484,882 shares at $1,952,099 on the prior day and January with an average of 257,074 stocks at $2,582,065.
Transjamaican Highway continuing to face selling pressure following PM Holness’ announcement for the planned sale of the remaining shares held in the company by the government, led trading with 1.93 million shares for 28.7 percent of total volume followed by Wigton Energy which ended with 1.07 million units for 15.9 percent of the day’s trade and Wisynco Group with 854,787 stocks for 12.7 percent of the volume traded.
The All Jamaican Composite Index sank 1,453.75 points to 378,896.82, the JSE Main Index dropped 1,169.12 points to end at 327,213.08 and the JSE Financial Index lost 0.22 points to wrap up trading at 68.02. The Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and one with a lower offer.
The Main Market ended trading with an average PE Ratio of 14.6. The JSE Main and USD Market PE ratios are based on last traded prices and earnings that are forecasted by ICInsider.com for companies with the financial year ending around August 2025.
At the close of trading activities, Barita Investments rallied 36 cents to finish at $73.86 with investors trading 1,405 stock units, Eppley Caribbean Property Fund fell by $3.90 and ended at $35.55 and closed with an exchange of just 2 units, First Rock Real Estate rose 58 cents to $9.16 after trading of 51,647 shares. Guardian Holdings climbed $1.75 to end at $309.75 with investors swapping 142 stock units, JMMB Group sank 91 cents in closing at $20.58, with the switching of ownership in 67,448 shares, Kingston Wharves skidded $2.50 to close at $27.50 with 5,804 stocks changing hands. Lasco Distributors popped 40 cents to $4.75 with traders dealing in 80,324 units, Salada Foods sank 47 cents in closing at $3.20 in an exchange of 500 stocks, Seprod dipped $1.50 to end at $86 with investors trading 10,926 units. Supreme Ventures rose 69 cents to end at $20.34 after 159,544 stocks had passed through the market and Sygnus Credit Investments increased 44 cents to finish at $12.99 with investors trading 22,779 shares.
In the preference segment, Jamaica Public Service 9.5% advanced $4 to close at $2,690 as investors exchanged 4 stock units. 138 Student Living preference share lost $21.15 to close at $210 in trading 10 shares and Sygnus Credit Investments C10.5% rose $2.50 to end at $104 with as a mere one share passed through the market.Prices of securities trading are those for the last transaction of each stock unless otherwise stated