Trading up prices down on JSE Main Market

Trading activity picked up on the Jamaica Stock Exchange Main Market on Monday, but the market declined, with the volume of stocks traded rising 22 percent, and the value 13 percent more than on Friday, with trading ended with an exchange of 59 securities compared to 57 on Friday, with 22 rising, 24 declining and 13 ending unchanged.
A total of 4,982,626 shares were exchanged at $34,117,477 compared to 4,087,425 units for $30,292,867 on Friday.
Trading averaged 84,451 shares on Monday at $578,262 compared with 71,709 shares at $531,454 on Friday and month to date, an average of 103,994 units at $1,158,598, down from 111,111 units at $1,369,955 on the previous trading day. October closed with an average of 214,410 units at $1,325,907.
Transjamaican Highway led trading with 1.96 million shares for 39.3 percent of total volume, followed by Sagicor Select Financial Fund with 830,120 units for 16.7 percent of the day’s trade and Wigton Windfarm with 537,437 units for 10.8 percent market share.
The All Jamaican Composite Index shed 2,074.28 points to conclude trading at 345,658.79, the JSE Main Index skidded 2,171.72 points to 310,694.99 and the JSE Financial Index dipped 0.47 points to 67.96.
The Main Market ended trading with an average PE Ratio of 12.1. 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 in August 2024.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close of the market, Berger Paints increased 80 cents to end at $7 743 stocks crossing the exchange, Eppley dropped 75 cents in closing at $33.20 with investors dealing in 353 units, GraceKennedy lost $1.81 to close at $71.51, with 21,747 shares crossing the market. Guardian Holdings skidded $14.49 and ended at $425 with shareholders swapping 131 stock units, Jamaica Broilers popped $1 to close at $34 in an exchange of 334,284 shares, Margaritaville gained 60 cents to $17.20 after investors trading 521 units. Massy Holdings fell $7 to end at $90 with a transfer of 1,163 stocks, MPC Caribbean Clean Energy dipped $5.70 in closing at $75.17 with an exchange of 103 stock units, NCB Financial rose $1.99 and ended at $62.50 after 84,449 shares passed through the market. Sagicor Group advanced $1.48 to close at $43.48 in an exchange of 2,598 stocks, Scotia Group climbed 50 cents to $34.50 after investors cleared the market of 29,605 units, Seprod declined $6.78 to close at $73.02 after exchanging 19,768 stock units and Sygnus Real Estate Finance rallied $2.32 and ended at $11.87 after completing with 900 shares changing hands.
In the preference segment, Eppley 7.50% preference share rose 85 cents in closing at $5.92 with an exchange of 123 stocks and Productive Business Solutions 9.75% preference share shed $1.01 to end at $120.99, as 18 units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.