Trading drops on JSE Main Market

Trading on the Jamaica Stock Exchange Main Market ended on Wednesday, with a 61 percent decline in the volume of stocks that changed hands, with a value 14 percent lower than on Tuesday, following activity in 58 securities compared with 57 on Tuesday, with prices of 18 stocks rising, 26 declining and 14 ending unchanged.
The market closed on Wednesday with 6,035,529 shares trading in exchange for $40,658,701 down from 15,570,107 units at $47,265,851 on Tuesday.
Trading averaged 104,061 shares at $701,012 compared to 273,160 units at $829,225 on Tuesday and for the month to date, an average of 192,005 units at $933,929, in comparison with 214,182 stock units at $992,664 on the previous day and January that closed with an average of 265,804 units at $2,438,118.
Wigton Windfarm led trading with 1.95 million shares for 32.3 percent of total volume followed by Transjamaican Highway with 1.44 million stock units for 23.8 percent of the day’s trade and Supreme Ventures with 519,186 units for 8.6 percent market share.
The All Jamaican Composite Index sank 2,284.76 points to finish at 370,556.62, the JSE Main Index rose 137.97 points to end trading at 334,434.00 and the JSE Financial Index dipped 0.45 points to close trading at 71.59.
The Main Market ended trading with an average PE Ratio of 13.6. 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 around August 2024.
Investor’s Choice bid-offer indicator shows 15 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Eppley increased $4.75 and ended at $38.50 in trading 79 stock units, First Rock Real Estate popped 48 cents to $8.98, with 25 shares crossing the market, GraceKennedy gained 50 cents to end at $76 with investors swapping 44,453 stock units. Guardian Holdings fell $9 in closing at $360 in an exchange of 250 units, Jamaica Producers sank 85 cents to close at $26 with investors dealing in 11,087 stocks, JMMB Group rose $1 to $25 after a transfer of 24,605 units. Margaritaville declined $2.61 to end at $14.86 as investors exchanged 20 shares, Massy Holdings advanced $5 in closing at $98 with an exchange of 1,631 stock units, Mayberry Group shed 55 cents to close at $7.50 in an exchange of 1,083 shares. Mayberry Jamaican Equities dropped 49 cents and ended at $8.81 with traders dealing in 50 stocks, MPC Caribbean Clean Energy dropped $13.50 to $76.50, with 107 units crossing the exchange, NCB Financial skidded 99 cents to end at $67after 60,009 stock units changed hands. Pan Jamaica dipped 50 cents in closing at $50 with investors trading 40,360 shares, Proven Investments sank 50 cents to close at $22.50 after 7,991 stocks passed through the market, Sagicor Group dipped $1.97 and ended at $44 with investors transferring 5,364 units. Scotia Group lost $1.58 to close at $45 with 26,902 stock units clearing the market, Seprod rallied $1 in closing at $87 while exchanging 3,863 shares, Stanley Motta dropped 90 cents to end at $6.10 with a transfer of 1,730 stocks. Supreme Ventures climbed 69 cents and ended at $25.69 after exchanging 519,186 units and Sygnus Real Estate Finance shed 89 cents to close at $10.60 in switching ownership of 7,084 stock units,
In the preference segment, Eppley 7.50% preference share increased 33 cents to $6.63 after investors ended trading 2,580 shares and Sygnus Credit Investments C10.5% fell $1 to close at $106 after an exchange of 500 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.