Trading slumped on the JSE Main Market 


Trading activity on the Jamaica Stock Exchange Main Market ended on Tuesday, with the volume of stocks traded dropping 47 percent, valued 78 percent less than on Monday, following trading in 59 securities, up from 58 on Monday, with prices of 19 rising, 27 declining and 13 ending unchanged.

The market closed with 10,286,197 shares trading for $66,247,560 after sliding from 17,999,843 shares for $249,273,407on Monday.
Trading averaged 174,342 shares at $1,122,840 compared to 310,342 stocks for $4,297,817 on Monday and average of 328,145 stock units at $2,328,972 forMay.
Wigton Energy was the leading traded stock with 3.64 million units for 35.4 percent of the total volume, Transjamaican Highway followed with 3.37 million stock units for 32.8 percent of the day’s trade and Sagicor Select Financial Fund with 618,861 shares for 6 percent of the volume traded.
The All Jamaican Composite Index squeezed out a gain of just 96.70 points to wrap up trading at 399,736.84, the JSE Main Index popped 115.26 points to 338,885.91 and the JSE Financial Index dipped 0.09 points to 64.57. At the close, the Investor’s Choice bid-offer indicator shows 11 stocks ending with bids higher than their last selling prices and four with lower offers.
The Main Market ended trading with an average PE Ratio of 14.8. ICInsider.com compiles the JSE Main and the USD Market PE ratios based on last traded prices and earnings forecasts for companies with financial years ending around August 2026.
At the close of trading, AS Bryden increased by $2.70 and ended at $26.70 after a transfer of 39 shares, Barita Investments declined $1 to $68.50 in an exchange of 199 units, Berger Paints shed 54 cents to finish at $5.22 with trading of 218 stock units. Caribbean Producers sank 75 cents to close at $5.15 after exchanging 144,496 shares, Eppley skidded 70 cents to end at $34.60 in switching ownership of 1,083 stocks, Eppley Caribbean Property Fund popped $3.30 in closing at $45.50 with 580 shares crossing the exchange. GraceKennedy sank 99 cents to $69.01 with 99,813 stocks changing hands, Guardian Holdings slipped $11 to end at $319 with an exchange of 3,139 units, Jamaica Producers fell 45 cents in closing at $22.07, following trading of 3,114 stock units. Jamaica Stock Exchange advanced 40 cents and ended at $10.45 with a transfer of 7,451 shares, JMMB Group dropped 50 cents to close at $15.50 with investors swapping 12,450 units, Mayberry Group lost $1.42 to stop at $5 after a transfer of 63,639 stocks. Pan Jamaica dipped 49 cents to $46.50 in trading 1,111 stock units, Sagicor Group rose 75 cents to finish at $40.25 after an exchange of 20,088 shares, Seprod lost $4.74 and ended at $76 with investors trading 41,449 units. Sygnus Real Estate Finance dropped $1.10 to end at $7.40 after an exchange of 3,484 stocks and West Indies Petroleum fell 94 cents to $8.06 with investors dealing in 6,098 stock units.
In the preference segment, 138 Student Living preference share rallied 70 cents to settle at $235.70 with 6 shares crossing the market. Productive Business Solutions 10.5% gained $29.78 to $1,159.78 with investors trading just two stock units, Sygnus Credit Investments 10% climbed $6.50 to end at $108.50 in an exchange of 23 stocks and Sygnus Credit Investments C10.5% popped $1.99 in closing at $107 with one unit clearing the market.
Prices of stocks traded are those of the last transaction unless otherwise stated.

About IC Insider.com