Trading drops on JSE Main Market

Moderate trading dominated the Jamaica Stock Exchange Main Market on Monday with the volume of stocks traded rising modesty over Friday’s level with a 63 percent lower value resulting from trading in 58 securities compared to 53 on Friday, with 21 rising, 24 declining and 13 ending unchanged.
A mere 5,922,099 shares were traded for $55,983,304 versus 5,510,092 units at $150,228,385 on Friday.
Trading averaged 102,105 shares at $965,229 versus 103,964 shares at $2,834,498 on Friday and month to date, an average of 141,332 units at $1,422,829 compared to 145,741 units at $1,474,265 on the previous day. December closed with an average of 604,110 units at $4,072,598.
Wigton Windfarm led trading with 1.46 million shares for 24.6 percent of total volume followed by Carreras with 1.27 million units for 21.4 percent of the day’s trade and Transjamaican Highway with 933,867 units for 15.8 percent of the market share.
The All Jamaican Composite Index fell 4,412.33 points to 388,574.43, the JSE Main Index dipped 3,736.04 points to 341,761.06 and the JSE Financial Index shed 0.90 points to settle at 81.73.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.6 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments advanced $2.02 to $92 as investors exchanged 6,097 shares, Caribbean Cement gained $1.50 to end at $63.50 in switching ownership of 8,706 stock units, Carreras shed 45 cents in ending at $8 after 1,268,754 stocks crossed the market. Eppley Caribbean Property Fund rallied $4.95 in closing at $49.95, with 1,150 units clearing the market, GraceKennedy fell $1.50 to $80 with a transfer of 69,010 stock units, Guardian Holdings climbed $7.39 to close at $516 with 86 stocks changing hands. Jamaica Broilers shed 93 cents to end at $28.07 after exchanging 767,013 shares, Jamaica Stock Exchange popped $1 to $15.50 in trading 120 units, JMMB Group fell $1.05 to end at $32.95 after exchanging 32,059 units. Kingston Wharves rose 88 cents to close at $35.88 with the swapping of 4,465 stock units, Massy Holdings advanced $2 to $80 with a transfer of 1,824 shares, NCB Financial declined $2 in closing at a 52 weeks’ low of $78 after trading 47,920 stocks after the price hit a 52 weeks’ high of $2,004. Palace Amusement climbed $84.50 to $1,895 as investors switched ownership of 512 shares, PanJam Investment declined $5 in ending at $60 after 5,695 stock units passed through the market, Portland JSX gained 40 cents to close at $10.40 with investors transferring 11,098 units. Proven Investments popped $1 in closing at $31 in exchanging 1,452 stocks, Sagicor Group rallied $1.39 to finish at $54 with 35,383 stocks changing hands, Seprod dipped $1.39 to $66.05 trading 5,212 stock units. Stanley Motta lost 40 cents to end at $4.40 after a transfer of 8,180 units, Supreme Ventures popped 45 cents to close at $27.75 after an exchange of 16,189 shares and Sygnus Real Estate Finance gained 48 cents to end at $9.50 in switching ownership of 256 stocks.
In the preference segment, Eppley 7.75% preference share fell $2.88 to a 52 weeks’ low of $16.33 with an exchange of 10,000 shares and Jamaica Public Service 9.5% declined $5 in closing at $2,995 as investors transferred two stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.