Trading drops on JSE Main Market

Market activity on the Jamaica Stock Exchange Main Market ended on Wednesday, with the volume of stocks traded declining 29 percent with a 35 percent lower value than on Tuesday as rising stocks exceeded those declining after 58 securities similar to Tuesday, with 23 rising, 17 declining and 18 ending unchanged.
A total of 7,990,603 shares were exchanged for $59,730,167 versus  11,308,755 units at $91,516,185 on Tuesday. Trading averages 137,769 units at $1,029,830, compared to 194,979 shares at $1,577,865 on Tuesday and month to date, an average of 173,592 units at $1,588,001, compared to 176,489 units at $1,633,153 on the previous trading day. June closed with an average of 281,913 units at $5,309,050.
Wigton Windfarm led trading with 3.75 million shares for 46.9 percent of total volume, followed by Transjamaican Highway with 828,398 units for 10.4 percent of the day’s trade and Supreme Ventures with 499,205 units for 6.2 percent market share.
The All Jamaican Composite Index shed 100.26 points to settle at 435,389.78, the JSE Main Index added 34.28 points to end at 380,670.30 and the JSE Financial Index dropped 0.21 points to settle at 90.34.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.1 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years, ending up to the close of August 2023.
Investor’s Choice bid-offer indicator shows eight stocks ended with a bid higher than their last selling prices and three stocks with lower offers.
At the close, Berger Paints climbed 55 cents to $12.20, with 788 shares changing hands, Caribbean Cement gained $1.99 to close at $63.99 in exchanging 17,694 units, Eppley declined $1.50 in closing at $39.50 after trading 802 stock units. Eppley Caribbean Property Fund shed $3 in ending at $40 after an exchange of 2,341 stocks, Guardian Holdings increased $1.01 to end at $518 in trading 736 shares, Jamaica Producers lost 90 cents in closing at $21 after exchanging 9,426 stocks. Mayberry Investments popped 49 cents to close at $10.49 with the swapping of 308 units, MPC Caribbean Clean Energy advanced $4.42 to end at $102 while exchanging one stock unit, Palace Amusement fell $52 to $828 and finished trading one stock unit. PanJam Investment rose $1.19 to $65.19, with 14,004 shares clearing the market, Portland JSX rallied 50 cents to end at $10.50 with one share crossing the market, Scotia Group dropped $1 to $37 in switching ownership of 228 stock units. Seprod gained $3.23 at $71.30, with 12,522 shares crossing the exchange, Supreme Ventures increased $1.51 to close at a 52 week s’ high of $34.50 with an exchange of 499,205 stock units, Sygnus Real Estate Finance dropped $1.95 in closing at a 52 week s’ low of $11.05, with 9,700 units crossing the market and Wisynco Group declined 50 cents in closing at $18.75 with 238,799 stocks changing hands.
In the preference segment, Productive Business Solutions 9.75% preference share dropped $26.94 to $80.01 in trading 996 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.