Transjamaican Highway continued to lead the Jamaica Stock Exchange Main Market, contributing nearly half of the total stocks traded on Thursday. The volume of stocks traded declined 48 percent, with a 61 percent lower value compared to Wednesday, following trading in 59 securities from 58 on Wednesday, with prices of 22 rising, 19 declining and 18 ending unchanged.
The market closed with 16,948,175 shares trading worth $132,898,559 in falling from 32,642,342 shares at $342,167,799 on Wednesday.
Trading averaged 287,257 shares at $2,252,518, after declining from 562,799 stock units at $5,899,445 on Wednesday. Trading for the month to date ended at an average of 289,939 stocks at $2,767,451, well aligned with 290,099 shares at $2,798,077 on the Wednesday and well below an average of 895,289 stocks at $10,824,938 in August.
Transjamaican Highway led trading with 8.07 million shares for 47.6 percent of total volume, followed by Wigton Energy with 2.94 million shares for 17.3 percent of the day’s trade and Sagicor Select Financial Fund with 1.95 million units for 11.5 percent of all stocks traded.
The All Jamaican Composite Index slipped 42.17 points to end at 440,178.37, the JSE Main Index fell 140.40 points to close at 369,804.57 and the JSE Financial Index declined a mere 0.30 points to settle at 70.32. At the close, the Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and one with a lower offer.
The Main Market ended trading with an average PE Ratio of 15.8. ICInsider.com compiles the JSE Main Market PE ratios that are derived by dividing the last traded stock price by earnings per share for companies with the fiscal year ending around August 2027.
At the close, Barita Investments gained $2.33 to finish at $67.48 in swapping owners of 67,161 units, General Accident shed 74 cents to end at $8 after trading of 30,236 stocks, GraceKennedy dipped by $1.02 in closing at $79.98 with a transfer of 18,703 shares. Guardian Holdings rose $1.90 and ended at $376.90 after an exchange of 1,003 stock units, Jamaica Broilers fell $1.74 to end at $13.26 with 361,559 shares crossing the market, Kingston Properties skidded 44 cents to close at $11.50 in an exchange of 3,432 units. Kingston Wharves lost 56 cents to end at $33.44 with 10,553 stocks passing through the market, Margaritaville slipped $1.23 and ended at $6.97 with 13,417 shares changing hands, MPC Caribbean Clean Energy rallied 44 cents and ended at $18.45 with investors trading just one share.
NCB Financial increased by $1.80 to close at $68.80 with an exchange of 4,748 stock units, Proven Investments climbed by 77 cents in closing at $9.79 with an exchange of 20,443 stock units, Quantas Advantage climbed by $1.44 and ended at $22.99 with investors exchanging 89,595 stock units. Seprod dipped $1 to close at $79, with an exchange of 115,358 units and Sygnus Credit Investments declined 48 cents to $10.52 after a transfer of 209,097 shares.
In the preference segment, Sygnus Credit Investments 10% advanced $1 to $104 with 500 stock units changing hands.Prices of securities trading are those for the last transactions