The Jamaica Stock Exchange Main Market closed lower on Wednesday, following activity in 54 securities compared with 56 on Tuesday, as prices of 18 rose, 15 declined and 21 ended unchanged. The volume of stocks traded jumped 20 percent, with the value 18 percent lower than on Tuesday.
The market closed with 8,189,546 shares trading for $40,860,657, from 6,826,566 stock units at $50,022,042 on Tuesday.
Trading averaged 151,658 shares at $756,679, increasing from 121,903 stocks at $893,251 on Tuesday. Trading for the month to date averaged 215,509 units at $1,263,602, down from 220,990 shares at $1,307,122 on the previous day and June with an average of 183,242 stock units at $1,532,211.
Sagicor Select Manufacturing & Distribution Fund led trading with 1.55 million shares for 19 percent of total volume, followed by Lasco Manufacturing, that ended with 1.36 million stocks for 16.6 percent of the day’s trade and Sagicor Select Financial Fund with 1.20 million units for 14.7 percent of the day’s trade.
The All Jamaican Composite Index declined 1,049.80 points to 351,870.03, the JSE Main Index lost 795.20 points to finish at 305,067.91 and the JSE Financial Index slipped 0.17 points to 62.71. At the close, the Investor’s Choice bid-offer indicator shows 12 stocks ending with bids higher than their last selling prices and five with lower offers.
The Main Market ended trading with an average PE Ratio of 13.3. The JSE Main and the 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.
At the close of the market, Caribbean Cement rose $2.90 to $87.50 with investors switching ownership of 138 shares, Guardian Holdings dropped 68 cents and ended at $319.32 with 6 stock units crossing the exchange,
NCB Financial shed $1.11 to close at $35.89 with 247,572 shares changing hands. Sagicor Group sank $1.02 to end at $39.98 in an exchange of 579 units, Sagicor Real Estate Fund advanced 83 cents in closing at $7.98 with 200 stocks passing through the market, Supreme Ventures declined by 47 cents to finish at $19.55 after an exchange of 95,968 shares and Wisynco Group popped 57 cents and ended at $19.37 in trading 30,851 stocks.
In the preference segment, 138 Student Living preference share, fell $4.47 to $210 after an exchange of 120 units.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.