Volume rise values fall on JSE Main Market

The Jamaica Stock Exchange Main Market ended on Friday, with the volume of stocks traded rising 40 percent over trading on Thursday but with a 48 percent lower value as the market closed with an equal number of stocks rising and falling.
Trading ended with slightly more securities trading than on Thursday, with 55 changing hands up from 54 before and ended with 19 rising, 19 declining and 17 ending unchanged. The All Jamaican Composite Index shed 101.02 points to close at 436,271.57, the JSE Main Index slipped 324.63 points to 381,528.21 and the JSE Financial Index rose 0.03 points to settle at 91.24.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.2 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Overall, 17,485,254 shares were exchanged for $253,862,892 versus 12,502,865 units at $487,965,172 on Thursday. Trading averages 317,914 units at $4,615,689, compared to 231,535 shares at $9,036,392 on Thursday and month to date, an average of 258,064 units at $3,691,843 compared to 253,031 units at $3,614,150 on the previous trading day. May closed with an average of 238,645 units at $3,561,016.
JMMB Group 7.25% preference share due 2024 led trading with 3.33 million shares for 19 percent of total volume, followed by Sagicor Select Financial Fund with 2.82 million units for 16.1 percent of the day’s trade, Transjamaican Highway ended with 2.02 million units for 11.6 percent market share, Seprod 1.69 million units for 9.7 percent of trading and Wigton Windfarm with 1.43 million units for 8.2 percent share of the volume of stocks traded.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and four stocks with lower offers.
At the close, Caribbean Cement shed $3 to end at $64.50 in exchanging 16,764 shares, Eppley increased $5 to $45 in switching ownership of 1,097 stock units, Eppley Caribbean Property Fund popped $3.38 to $42.50 after trading 2,180 stocks. First Rock Capital climbed 47 cents to close at $13.50 with an exchange of 206,073 units, Jamaica Broilers fell 50 cents in closing at $26 in trading 170,838 stock units, Kingston Properties dropped 29 cents to end at $7.60 with 4,573 units clearing the market. Kingston Wharves lost $2.69 in ending at $36.31 while exchanging 7,001 stocks, Massy Holdings declined 60 cents to $92 after exchanging 18,432 shares, Mayberry Investments declined 45 cents in closing at $10.90 after 66,520 units crossed the exchange. NCB Financial lost $1.49 to $101.01 in trading 57,805 shares, Palace Amusement gained $45 to end at $900 in an exchange of two stock units, PanJam Investment rose $1.50 in closing at $66, with 9,404 stocks crossing the market. Proven Investments dropped $1.50 to $37.50 after exchanging 9,224 units, Pulse Investments advanced 29 cents to close at $3.59, with 550,211 shares crossing the market, Sagicor Group rallied 50 cents to $56, with 174,119 stocks changing hands. Salada Foods popped 25 cents in ending at $5.50 with the swapping of 2,363 stock units, Seprod shed 50 cents to end at $70.50 after trading 1,694,903 shares, Stanley Motta gained 32 cents in closing at $5.12 with the swapping of 14,345 stock units. Supreme Ventures climbed 36 cents to close at $30.35 in switching ownership of 535,642 units and Sygnus Credit Investments fell 31 cents to $14.20 in an exchange of 29,102 stocks.
In the preference segment, JMMB Group 7.25% preference share declined 52 cents in closing at $2.68 after trading 11,222 stocks, JMMB Group 7.25% due 2024 preference share lost 32 cents to $1.95 with 3,329,855 units crossing the market and 138 Student Living preference share fell $3.63 to end at $17 with 50 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.