Transjamaican pref share was the lead trade

Falling stocks dominated trading on the Jamaica Stock Exchange Main Market on Friday, following a 462 percent surge in the volume of stocks traded and a 128 percent rise in value over Thursday, with Transjamaican Highway preference shares accounting for 81 percent of the volume traded, with trading in 53 securities down from 55 on Thursday, with prices of 20 rising, 26 declining and seven ending unchanged.
The market closed with trading of 48,608,865 shares for $112,089,625 compared with 8,643,170 stock units at $49,192,520 on Thursday.
Trading averaged 917,148 shares at $2,114,899 compared with 157,149 stocks at $894,409 on Thursday and month to date, an average of 373,347 units at $2,857,603 compared with 317,707 shares at $2,933,594 on the previous day and an average of 602,415 stocks at $5,405,031 in July.
Transjamaican Highway 8% led trading with 39.38 million shares for 81 percent of total volume followed by Wigton Windfarm with 2.59 million stock units for 5.3 percent of the day’s trade, Radio Jamaica ended with 2.09 million stocks for 4.3 percent market share and Transjamaican Highway with 1.14 million shares for 2.4 percent of total volume.
The All Jamaican Composite Index slipped 417.07 points to lock up trading at 351,434.14, the JSE Main Index slipped 2,451.83 points to wrap up trading at 306,383.62 and the JSE Financial Index lost 0.13 points to finish at 65.11.
The Main Market ended trading with an average PE Ratio of 13.7. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows 14 stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of market activity, AS Bryden dipped $1.48 to $37.50 with a transfer of 474 stocks, Berger Paints sank 49 cents in closing at $6.36 as investors exchanged 4,157 units, Caribbean Cement climbed 49 cents to $64, with 6,847 shares crossing the market. Eppley Caribbean Property Fund rallied $2.75 to finish at $40.75 in an exchange of 84 stock units, General Accident fell 52 cents and ended at $6.50 with investors trading a mere 51 shares, GraceKennedy dropped 60 cents to $73.40 in an exchange of 23,166 stocks. Jamaica Broilers sank $1 in closing at $35 with investors swapping 2,471 units, JMMB Group dropped $1.08 to a 52 weeks’ low of $21.90 after a transfer of 51,609 stock units, Lasco Manufacturing popped 34 cents to close at $6.88 in switching ownership of 31,897 shares. Massy Holdings lost $4 and ended at a 52 weeks’ low of $72 after an exchange of 2,521 units, NCB Financial skidded $1.91 to finish at $52 after 79,602 stocks passed through the market, Pan Jamaica declined $3.90 to end at $46 after an exchange of 88,081 stock units. Proven Investments advanced $1.15 to $17.85 after trading 9,656 shares, Salada Foods rose 84 cents to close at $3.85 with investors dealing in 5,629 units, Seprod shed $2.94 and ended at $80.01, with 5,871 stocks changing hands. Supreme Ventures fell 80 cents to end at a 52 weeks’ low of $20.20 with investors trading 17,247 stocks, Sygnus Credit Investments sank 41 cents in closing at $10.78, with 8,544 shares crossing the market, Victoria Mutual Investments rose 68 cents to finish at a 52 weeks’ high of $3.34 in trading 800,123 stock units and Wisynco Group declined 48 cents and ended at $20, with 124,688 stocks crossing the exchange.
In the preference segment, Eppley 7.25% preference share sank $1.70 to $17.80 with traders dealing in 58 units, JMMB Group 7% preference share dipped 50 cents in closing at $2.70 with 500 shares clearing the market and Sygnus Credit Investments C10.5% rallied $1 to end at $102 with an exchange of 2,006 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.