Trading drops on the JSE Main Market

Trading activity dropped on the Jamaica Stock Exchange Main Market ended on Monday, with a 53 percent drop in the volume of stocks traded and a 54 percent fall in value compared with trading on Friday, resulting in trading of 57 securities compared with 59 on Friday, after prices of 23 stocks rose, 24 declining and 10 ending unchanged.
A total of 10,318,659 shares were exchanged for $87,662,978 compared to 22,184,532 units at $189,538,021 on Friday.
Trading averaged 181,029 shares at $1,537,947 in comparison to 376,009 shares at $3,212,509 on Friday down from September with an average of 218,512 units at $1,768,691.
Wigton Windfarm led trading with 3.29 million shares for 31.9 percent of total volume and was followed by Transjamaican Highway with 2.45 million units for 23.7 percent of the day’s trade and Sagicor Select Financial Fund with 1.02 million units for 9.9 percent market share.
The All Jamaican Composite Index skidded 3,568.87 points to end at 352,223.23, the JSE Main Index dropped 2,970.48 points to 324,071.95 and the JSE Financial Index lost 0.57 points to 71.88.
The Main Market ended trading with an average PE Ratio of 12.4. 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 up to August 2024.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments popped $6.50 to end at $76.50 in trading 584,308 shares, Caribbean Cement declined $2.80 to $54 after 3,206 stocks passed through the market, Caribbean Producers rallied 49 cents and ended at $10.29 in an exchange of 8,277 units, Eppley advanced $4.47 in closing at $32 in switching ownership of 209 stock units. Eppley Caribbean Property Fund dipped $1 to close at $39 with investors dealing in 2,934 shares, Guardian Holdings gained $3.40 to $510 with stakeholders exchanging 162 units, Jamaica Producers increased 49 cents and ended at $19.99 with 712 stocks clearing the market, JMMB Group rose 56 cents to end at $29.56 with an exchange of 51,253 stock units. Kingston Properties skidded 50 cents in closing at $7.50 as investors exchanged 32,491 units, Massy Holdings lost $1 to close at $102.90 after a transfer of 1,925 stocks, Mayberry Jamaican Equities climbed 50 cents to close at $10.50 after 4,679 shares changed hands, MPC Caribbean Clean Energy fell $2 and ended at $81 after exchanging 860 stock units. NCB Financial dropped $1.48 to end at $68.49 with investors transferring 93,728 units, Pan Jamaica increased $1.15 in closing at $51.50 after trading 25,182 stock units, Proven Investments rose $1.85 to $21.97 in an exchange of 10,524 stocks, Sagicor Group shed $1.48 to close at $47 with 183,195 shares crossing the exchange. Scotia Group skidded 56 cents in closing at $33.50, with 5,166 units changing hands, Seprod shed 40 cents to end at $74.50 after an exchange of 8,372 stock units, Stanley Motta rallied 40 cents to $6.35 with traders dealing in 326,153 stocks and Supreme Ventures lost 87 cents and ended at $26 while 115,040 shares were exchanged.
In the preference segment, Productive Business Solutions 10.5% preference share advanced $1 to end at $1215 with shareholders swapping 12 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.