Trading plunges on JSE Main Market

Market activity fell on the Jamaica Stock Exchange Main Market ended on Tuesday, with a 66 percent decline in the volume of stocks traded valued at 50 percent less than on Monday, with trading in 62 securities up from 59 on Monday, with prices of 19 stocks rising, 22 declining and 21 ending unchanged.
The market closed on Tuesday with 10,229,698 shares being trading at $90,771,121 down from 30,398,621 units at $182,144,563 on Monday.
Trading averaged 164,995 shares at $1,464,050 compared with 515,231 units at $3,087,196 on Monday and month to date, an average of 259,451 units at $1,427,202 compared with 276,041 units at $1,420,730 on the previous day and May that closed with an average of 336,947 units at $2,177,110.
Palace Amusement led trading with 1.72 million shares for 16.8 percent of total volume followed by Sagicor Select Manufacturing & Distribution Fund with 1.56 million units for 15.3 percent of the day’s trade and Sagicor Select Financial Fund with 1.47 million units for 14.4 percent of the day’s trade.
The All Jamaican Composite Index shed 975.19 points to 356,374.98, the JSE Main Index gained 526.71 points to cease trading at 318,616.65 and the JSE Financial Index sank 0.79 points to conclude trading at 67.23.
The Main Market ended trading with an average PE Ratio of 14. 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 around August 2025.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, AS Bryden increased $3.65 to end at $37.65 and closed with 9 stocks being traded, Berger Paints sank $1.49 in closing at $8.65, with just 683 units crossing the market, Caribbean Cement climbed $1.95 to $62.45 after trading 6,611 shares. GraceKennedy rose $1.49 and ended at $76.50 with investors dealing in 4,750 stock units, Jamaica Broilers rallied 99 cents to finish at $33 after an exchange of 536,323 shares, JMMB Group dropped $1.39 to close at $24.10 in trading 181,690 stocks. Kingston Properties popped 48 cents to $8.48 after exchanging 645 units, Lasco Manufacturing gained 51 cents in closing at a 52 weeks’ high of $6.46 with investors trading 277,458 stock units, MPC Caribbean Clean Energy advanced $3 to finish at $95 with an exchange of just 2 shares. NCB Financial rose $1.08 and ended at $62.98, with 230,609 stock units clearing the market, Pan Jamaica shed $3.20 to close at $46.80 after a transfer of 4,209 units, Proven Investments climbed 63 cents to end at $19.18 after 1,226 stocks passed through the market. Sagicor Group fell $2.08 in closing at $39.90 with an exchange of 182,205 shares and Seprod increased $1 to $80, with 152,622 stock units changing hands.
In the preference segment, Eppley 7.75% preference share popped 84 cents to end at $19.99, with 20 stock units crossing the exchange. 138 Student Living preference share dropped $28.18 and ended at $159.70 with investors swapping 46 units and Sygnus Credit Investments C10.5% lost $2.69 to finish at $112.31, with 133 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.