Trading jumps on JSE Main Market

Trading picked up on the Jamaica Stock Exchange Main Market ended on Monday, with the volume of stocks traded surging 126 percent and the value 57 percent higher than on Friday, with trading in 58 securities compared with 55 on Friday, with prices of 19 stocks rising, 23 declining and 16 ending unchanged.
The market closed after trading 11,475,735 shares with a value of $77,364,981 compared with 5,075,111 units at $49,246,082 on Friday.
Trading averaged 197,85 units for $1,333,879 versus 92,275 shares at $895,383 on Friday and month to date, an average of 184,066 units at $1,422,691 compared with 182,524 units at $1,432,616 on the previous day and September that averaged 592,167 units at $8,859,784.
Transjamaican Highway led trading with 5.98 million shares for 52.1 percent of total volume followed by QWI Investments with 1.84 million stock units for 16 percent of the day’s trade and Wigton Windfarm with 1.29 million units for 11.2 percent of the day’s trade.
The All Jamaican Composite Index dipped 1,331.62 points to finish at 356,654.64, the JSE Main Index lost 2,353.97 points to conclude trading at 310,266.31 and the JSE Financial Index declined by 0.63 points to conclude trading at 65.45. The Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and four with lower offers.
The Main Market ended trading with an average PE Ratio of 14.1. The JSE Main and 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 2025.
At the close, Caribbean Cement shed $1.98 in closing at $68 while trading 12,791 stock units, Eppley climbed $2.40 to $36 with 64 shares clearing the market, Eppley Caribbean Property Fund rose $1.90 to close at $41.90 after an exchange of 611 units. First Rock Real Estate sank 54 cents and ended at $10 with investors swapping 6,157 stocks, Guardian Holdings dipped $1 to end at $328 in an exchange of 26,058 shares, JMMB Group fell 66 cents to finish at $22 after 484,290 stocks passed through the market. Kingston Wharves advanced $1.37 to $27.37 with an exchange of 8,028 units, Mayberry Group declined 40 cents to end at $7.80, with 14,656 stock changing hands, NCB Financial popped $2.12 in closing at $53.92 after a transfer of 18,281 shares. Pan Jamaica lost $1.69 and ended at $47.30 with investors trading 419,586 stock units, Sagicor Group dropped 75 cents to end at $39.05 in switching ownership of 126,560 units, Seprod increased $3 to finish at $83 with investors trading 6,931 stocks and Supreme Ventures fell $1.09 to $21.80 with 24,630 shares crossing the exchange.

In the preference segment, Eppley 7.50% preference share slipped 99 cents to finish at $5.61 with traders dealing in 2,500 stock units, JMMB Group 7.25% due 2024 preference share skidded 44 cents and ended at $1.81 with 84,000 units crossing the market and Sygnus Credit Investments C10.5% sank $2 to end at $103 in an exchange of 1,800 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.