Trading up prices down on JSE Main Market

Trading activity on the Jamaica Stock Exchange Main Market ended on Monday, led to 36 percent more stocks trading at a slightly higher value than on Friday, with trading in 60 securities compared to 53 on Friday, with the market closing with prices of 22 stocks rising, 27 declining and 11 ending unchanged.
A total of 19,055,221 shares were traded for $86,952,533 compared to 14,037,627 units at $85,583,051 on Friday.
Trading averaged 317,587 shares at $1,449,209 compared with 264,861 shares at $1,614,775 on Friday and month to date, an average of 219,922 units at $1,319,766, compared to 214,516 units at $1,312,602 on the previous trading day. April closed with an average of 264,549 units at $1,409,410.
Transjamaican Highway led trading with 9.46 million shares for 49.7 percent of total volume followed by Stanley Motta with 3.01 million units for 15.8 percent of the day’s trade and Wigton Windfarm with 1.85 million units for 9.7 percent of the day’s trade.
The All Jamaican Composite Index lost 503.63 points to end at 372,168.67, the JSE Main Index slipped 58.12 points to 337,003.10 and the JSE Financial Index dipped 0.25 points to 75.21.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.3 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2023.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Eppley Caribbean Property Fund fell $3.29 and ended at $40.40 with a transfer of 6,165 shares, First Rock Real Estate popped 93 cents to $11.30 in an exchange of 281 stocks, GraceKennedy rose 50 cents to $79, with 70,283 units crossing the exchange, Jamaica Broilers shed $3 to $33 while exchanging 50,785 stock units. Jamaica Producers declined 48 cents to end at $20.50 after 37,428 units crossed the market, JMMB Group lost $1.35 to end at $29 after 326,812 stock units passed through the exchange, Kingston Wharves dipped 40 cents and ended at $30.60 as investors exchanged 2,658 shares,  Margaritaville dropped $3.43 in closing at $14.98 after trading 22 stocks, Massy Holdings advanced $5 to close at a 52 weeks’ high of $105, with  3,524 shares crossing the market, with the price still around 11 percent lower than in Trinidad. Mayberry Jamaican Equities fell 50 cents to $10.50 after a transfer of 171,230 shares, NCB Financial rose $2 and ended at $72 with investors transferring 50,904 units, 138 Student Living dipped 84 cents to close at $4.76 after trading 28,560 stocks, Pan Jamaica Group shed $2.99 to end at $51 with 2,058 stock units clearing the market. Portland JSX gained $1.45 to close at $10.70 in an exchange of 35 stocks, Proven Investments rose 34 cents to $25.44 with an exchange of 2,022 shares, Sagicor Group fell 49 cents in closing at $50.01, with 2,042 units changing hands, Seprod traded 61,632 shares at $75 after the price hit a 52 weeks’ intraday high of $79.80. Stanley Motta lost 44 cents to close at $5.20 after an exchange of 3,011,831 stock units, Sygnus Real Estate Finance rallied $1.50 to end at $14.50 after exchanging 2,734 shares and Wisynco Group declined 50 cents to close at $19 with shareholders swapping 162,231 stocks.
In the preference segment, Eppley 7.75% preference share fell 74 cents and ended at $19 in trading 472 units and Jamaica Public Service 7% gained $9 to close at $69 in switching ownership of 4,655 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.