Volume rises values fall on JSE Main Market

Trading levels picked up on the Jamaica Stock Exchange Main Market on Monday over that on Friday with the volume of stocks traded rising 20 percent, with a modestly lower value than on Friday, after 56 securities changed hands compared to 58 on Friday, with 16 rising, 28 declining and 12 ending unchanged.
A total of 8,954,820 shares were exchanged for $121,663,893 versus 7,443,601 units at $130,741,691 on Friday.
Trading averaged 159,908 units at $2,172,570 versus 128,338 shares at $2,254,167 on Friday and month to date, an average of 145,396 units at $1,822,938 compared to 140,698 units at $1,709,999 on the previous trading day. February closed with an average of 183,599 units at $2,160,070.
Wigton Windfarm led trading with 2.54 million shares for 28.3 percent of total volume followed by Jamaica Broilers with 2.19 million units for 24.4 percent of the day’s trade and Transjamaican Highway with 1.55 million units for 17.3 percent market share.
The All Jamaican Composite Index declined 3,144.18 points to 379,313.93, the JSE Main Index shed 1,878.30 points to close at 334,187.08 and the JSE Financial Index fell 0.01 points to 78.99.
The PE Ratio, a formula used to ascertain appropriate stock values, averages 13.5 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows 14 stocks ending with bids higher than their last selling prices and none with a lower offer.
At the close, Barita Investments slipped 6 cents to a 52 weeks’ closing low of $78.94 after trading 90,188 shares, Berger Paints lost 40 cents to settle at $9 with 4,390 shares changing hands, Caribbean Cement fell $2.96 to end at $58.50 with a transfer of 694 stocks  Eppley Caribbean Property Fund declined $5 to finish at $40 in exchanging 5,161 stock units. First Rock Real Estate lost 58 cents in closing at $12.10 after the trading of 1,426 units, Guardian Holdings dropped $25.99 to $484 after a transfer of 137 stock units, Jamaica Producers advanced 78 cents to close at $21.78 with the swapping of 12,192 shares. JMMB Group popped $1.49 in closing at $32 after investors traded 23,111 units, Kingston Properties fell 58 cents ending at $6.57 in switching ownership of 11,255 stocks, Kingston Wharves fell $2.14 to $33.06 in an exchange of 2,821 units. Mayberry Investments shed $1.27 to end at $8.98 with 7,875 shares changing hands, NCB Financial dipped $2.49 to $73 after 18,540 stock units passed through the market, Palace Amusement lost 82 cents to end at $3.68 with the swapping of 756,211 stocks. PanJam Investment gained 55 cents in closing at $57.05 in trading 2,706 units, Proven Investments fell $2.65 after ending at $26.25 as investors exchanged 9,563 stock units, Sagicor Group declined $1.03 to $52.97 in switching ownership of 26,935 shares. Salada Foods rose 46 cents to end at $4 with investors transferring 3,204 stocks, Seprod fell $1.39 to $66.50 with an exchange of 4,965 stocks, Stanley Motta rallied 63 cents to $5.44 trading 495 shares and Supreme Ventures shed $1.20 to close at $24.60 after 74,008 units passed through the market.
In the preference segment, Productive Business 10.50% preference share dropped $99 in closing at $1,101 with 40 stock units clearing the market, Eppley 7.50% preference share dropped 98 cents to $5.65 with a transfer of 28,715 stocks. Jamaica Public Service 7% advanced $2.43 to another record high of $50.43 after exchanging 1,000 stock units and Jamaica Public Service 9.5% dropped $450 to end at $2550 trading 25 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.