Trading falls on JSE Main Market

Market activity on the Jamaica Stock Exchange Main Market ended on Wednesday, with the volume of stocks traded declining 18 percent with 58 percent less value than Tuesday, resulting in 52 securities trading compared to 56 on Tuesday, with 21 rising, 19 declining and 12 ending unchanged.
A total of 10,894,043 shares were exchanged for $200,361,949, down from 13,347,493 units at $482,583,082 on Tuesday. Trading averages 209,501 units at $3,853,114, versus 238,348 shares at $8,617,555 on Tuesday and month to date, an average of 208,980 units at $2,918,070, compared to 208,945 units at $2,855,006 on the previous trading day. August closed with an average of 738,534 units at $5,975,613.
Wigton Windfarm led trading with 3.89 million shares for 35.7 percent of total volume followed by Barita Investments with 1.29 million units for 11.9 percent of the day’s trade and Transjamaican Highway with 1.11 million units for 10.2 percent market share.
The All Jamaican Composite Index fell 299.62 points to 404,794.39, the JSE Main Index climbed 2,095.04 points to 355,486.09 and the JSE Financial Index slipped 0.33 points to 84.19.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.6 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
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, Berger Paints climbed 70 cents in closing at $11 after a transfer of 2,632 shares, Caribbean Cement gained $3 in ending at $62.30 with the swapping of 328,555 units, Caribbean Producers rose 57 cents to close at $13.80 with an exchange of 38,509 stocks. Carreras rallied 50 cents to $8.98, with 195,813 stock units clearing the market, Eppley Caribbean Property Fund advanced $3.40 to end at $42.40 changing hands 1,598 shares, First Rock Real Estate shed 75 cents to end at $11.50 in an exchange of 500 stock units. Jamaica Broilers increased 80 cents to $29.30 after exchanging 566,400 stocks, Jamaica Producers dipped $1.94 to $19.02 after exchanging 1,584 units, Jamaica Stock Exchange popped 49 cents to $17, with 20,556 shares crossing the market. JMMB Group fell 60 cents to close at $39.50 trading 468,760 stocks, Kingston Wharves advanced $4 in closing at $39 in switching ownership of 594 stock units, Massy Holdings lost $3.94 to $86.01 after trading 260 units. Mayberry Jamaican Equities increased 66 cents to close at $12.56, with 100,835 shares crossing the market, 138 Student Living rose 77 cents to end at $6.29 with an exchange if seven stock units, Portland JSX dropped 91 cents in ending at $9 as investors exchanged 2,500 stocks. Sagicor Group declined 50 cents to end at $50.50 in exchanging 141,695 units, Scotia Group dipped 50 cents to $34.50 while exchanging 7,460 units, Seprod popped $6 to $68 in trading 9,260 stocks and Supreme Ventures declined 50 cents in closing at $28.50 after trading 32,152 shares.
In the preference segment, 138 Student Living preference share shed $11.79 to close at $51.75 with investors transferring 109 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.