Trading drops on the JSE Main Market


Sagicor Select Financial Fund cornered just over 37 percent of the day’s volume on the Jamaica Stock Exchange Main Market on Wednesday. The market closed lower with the volume declining by 72 percent and the value generated decreasing by 95 percent compared to Tuesday, with the number of securities trading climbing to 61 from 57 on Tuesday and ended with prices of 24 rising, 19 declining and 18 ending unchanged.

The market closed with 8,483,665 shares trading at just $54,897,479 after declining from 29,797,793 stock valued at $1,034,028,386 on Tuesday, including NCB Financial that dominated with 22.3 million worth $969 million.
Trading averaged 139,076 shares at $899,959 compared to 522,768 stocks at $18,140,849 on Tuesday and month to date, an average of 201,047 units at $3,344,383, after sliding from 206,312 shares at $3,552,057 on the previous day and February with an average of 296,521 stock units at $2,650,049.
On a day of low trading, Sagicor Select Financial Fund led the market with 3.21 million shares for 37.8 percent of total volume, followed by Transjamaican Highway, ended with 2.64 million units for 31.1 percent of the day’s trade, after the stock closed at a 52 weeks high of $7.01 and Carreras with 366,764 stocks for 4.3 percent of the volume traded.
The All Jamaican Composite Index declined by 998.64 points to 401,829.65, the JSE Main Index skidded 592.61 points to 343,310.45 and the JSE Financial Index climbed a mere 0.10 points to close at 63.00. At the close, the Investor’s Choice bid-offer indicator shows 15 stocks ending with bids higher than their last selling prices and three with lower offers.
The Main Market ended trading with an average PE Ratio of 20.9. The JSE Main and the USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2026.
At the close of trading, AS Bryden fell $1 to finish at $29 with investors dealing in 2,147 shares, Caribbean Producers rallied 59 cents to $6.30 with 2,619 stock units changing hands, Carreras rose $1.29 to end at $21.39 with investors trading 366,764 shares. Eppley declined 50 cents in closing at $34 with 5,199 stocks clearing the market, First Rock Real Estate climbed $1.42 to close at $9.92, following trading of 25,163 units, General Accident sank 90 cents and ended at $5.60, with 301,595 shares crossing the exchange. GraceKennedy lost 50 cents to $71.50 with a transfer of 47,489 stock units, Jamaica Broilers dropped $1.07 to finish at 52 weeks low of $15 after hitting an intraday low of $14, following an exchange of 214,622 stocks, JMMB Group popped 88 cents and ended at $17.88 with investors swapping 11,517 units. Kingston Properties increased $1.11 in closing at $11 with 4,369 shares crossing the market, Margaritaville shed $2.26 to close at $11.18 with traders dealing in 121 stock units, NCB Financial advanced 50 cents to end at $43.50, after an exchange of 205,659 stocks. Pan Jamaica sank $1.73 in closing at $48.25 with investors trading 1,694 units, Proven Investments slipped 90 cents to $12.05 with an exchange of 26,842 stocks, Sagicor Group dipped $1.01 to finish at $40.73 after investors swapped 3,437 shares. Seprod gained 96 cents and ended at $75 after an exchange of 13,831 stock units and Wisynco Group skidded 48 cents to $21.50 in trading 14,813 units.
In the preference segment, Jamaica Public Service 9.5% lost $201 to end at $2,299 with 11 shares crossing the market and 138 Student Living preference share popped $32 in closing at $229 in switching ownership of 20 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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