Trading drops on the JSE Main Market

Trading activity on the Jamaica Stock Exchange Main Market ended on Friday, with the volume of stocks traded declining 91 percent and the value 52 percent lower than on Thursday, with trading in 55 securities compared with 58 on Thursday, which resulted in prices of 18 rising, 23 declining and 14 ending unchanged.
A total of 10,893,836 shares were traded for $112,685,985 compared to 124,688,141 units at $235,501,470 on Thursday.
Trading averaged 198,070 shares at $2,048,836 versus 2,149,796 units at $4,060,370 on Thursday and month to date, an average of 885,759 units at $2,443,369, compared with 1,217,539 units at $2,633,714 on the previous day. July closed with an average of 283,368 units at $2,135,482.
JMMB Group 7.35% – 2028 led trading with 4.71 million shares for 43.3 percent of total volume, followed by Transjamaican Highway with 2.16 million units for 19.8 percent of the day’s trade and Wigton Windfarm with 548,303 units for 5 percent market share.
The All Jamaican Composite Index rose 519.86 points to 361,593.66, the JSE Main Index shed 437.40 points to finish at 326,087.84 and the JSE Financial Index rose 0.47 points to 72.65.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.1 for the Main Market. The JSE Main and USD Market PE ratios are computed 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 ending with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Cement dropped $1.16 to $55.19, with trading in 522,545 shares, Caribbean Producers fell 59 cents to end at $10.50 after a transfer of 79,558 units, Eppley shed $1 in closing at $33 with an exchange of 702 stock units, Eppley Caribbean Property Fund declined $1.50 to $40, after 3,996 stock units crossed the market. GraceKennedy climbed $1 to end at $77 while exchanging 117,803 shares, Guardian Holdings increased $39.99 to close at $439.99 with shareholders swapping 167 stocks, JMMB Group gained 55 cents in closing at $28.55 with 7,278 units clearing the market, Kingston Properties lost 62 cents to end at $6.88 after an exchange of 3,291 units. Kingston Wharves rallied $1.35 to $28.92 in exchanging three stocks, Margaritaville dipped 75 cents and ended at $15.76 in trading 16 units, Massy Holdings lost 99 cents in closing at $100 in switching ownership of 16,956 shares, MPC Caribbean Clean Energy shed $1.99 to end at $80 after 2 stocks passed through the market. Palace Amusement dropped 37 cents to $2, with  36,842 units changing hands, Sagicor Group rose 99 cents and ended at $45 in trading 8,082 shares, Scotia Group fell 40 cents to close at $34.10 as investors exchanged 358,224 stocks, Stanley Motta popped 58 cents and ended at $4.90 in an exchange of 2,019 stock units. Supreme Ventures declined 61 cents to end at $28.99 after 215,513 stock units changed hands and Wisynco Group dipped 96 cents in closing at $17.02 stakeholders trading 61,352 stocks.
In the preference segment, Jamaica Public Service 7% advanced $7.52 to $69 with a transfer of 817 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated