Trading plunges on JSE Main Market


A mediocre trading activity on the Jamaica Stock Exchange Main Market ended on Wednesday, with the volume and value of stocks traded marginally different from trading on Tuesday, resulting in trading in 52 securities compared with 59 on Tuesday, with prices of 19 rising, 19 declining and 14 ending unchanged.

The market closed with just 9,753,182 shares trading for $75,380,369 from 10,286,197 stock units at $66,247,560 on Tuesday.
The market ended with an average of 187,561 shares at $1,449,622, up rom 174,342 stock units at $1,122,840 on Tuesday and month to date, an average of 225,084 units at $2,313,026 after declining from 241,761 shares worth $2,696,760 on the preceding day and May with an average of 328,145 stock units at $2,328,972.
Transjamaican Highway led trading with 3.91 million shares for 40.1 percent of total volume, followed by Wigton Energy with 2.82 million units for 28.9 percent of the day’s trade and Carreras with 532,734 stocks for 5.5 percent of the volume traded.
With the market now in a historical lull period following first quarter results, the All Jamaican Composite Index fell 2,318.12 points to close trading at 397,418.72, the JSE Main Index declined a mere 49.82 points to 338,836.09 and the JSE Financial Index climbed just 0.12 points to 64.69. At the close, the Investor’s Choice bid-offer indicator shows nine 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 14.4. ICInsider.com compiles the JSE Main and the USD Market PE ratios based on last traded prices and earnings forecasted for the fiscal year ending around August 2026.
At the close of a moderate day of trading, Barita Investments rose 70 cents to $69.20 after a transfer of 35,869 stock units, General Accident popped by 90 cents to $9.20 after an exchange of 600 units, GraceKennedy rallied 98 cents and ended at $69.99 with 5,954 stocks crossing the market. Guardian Holdings increased $24.99 to end at $343.99 with an exchange of 885 shares, Jamaica Producers climbed 43 cents to $22.50 with 4,935 stock units crossing the market, Kingston Wharves sank 54 cents to $36.90 in an exchange of 2,967 shares. Margaritaville rose $1.99 to $11.50, after trading of a mere one stock unit, Mayberry Group advanced $1.41 to close at $6.41, in an exchange of just one unit, NCB Financial dropped 70 cents in closing at $52 with investors trading 58,246 stocks. Pan Jamaica sank $1.50 to finish at $45 after an exchange of 240,319 units, Sagicor Group dipped $1.74 to $38.51 with a transfer of 4,984 stocks, Scotia Group lost 50 cents to end at $53.50 after an exchange of 12,925 shares. Seprod slipped $1 to $75 after a transfer of 9,945 stock units and West Indies Petroleum rose 82 cents to finish at $8.88 with 47,164 shares clearing the market.
In the preference segment, Sygnus Credit Investments C10.5% fell 50 cents to end at $106.50 with investors swapping 415 stocks.

Prices of traded stocks are for the last transaction unless otherwise stated.

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