Massy Holdings jumped 16%

September 20, 2023 by IC Insider.com

Massy Holdings jumped 16 percent followed by Seprod 6 percent but those were not enough to prevent a fall in the market as heavily weighted NCB Financial lost nearly 4 percent in valued to pressure the Jamaica Stock Exchange Main Market on Wednesday, with the volume of stocks traded rising 21 percent and the value 119 percent more than on Tuesday, with 51 securities trading, compared with 50 on Tuesday, with 17 rising, 21 declining and 13 ending unchanged.
A total of 4,914,260 shares were traded for $86,517,288 up from 4,072,123 units at $39,480,185 on Tuesday.
Trading averaged 96,358 shares for $1,696,417 compared with 81,442 units at $789,604 on Tuesday. Trading for the month to date, averaged 184,773 units at $1,582,191 compared to 191,169 units at $1,573,928 on the previous day and down on August with an average of 316,608 units at $1,867,646.
Trading was lead by Wigton Windfarm with 885,474 shares for 18 percent of the total volume followed by Transjamaican Highway with 712,656 units for 14.5 percent of the day’s trade and Sagicor Group with 495,434 units for 10.1 percent market share.
The All Jamaican Composite Index lost 255.62 points to finish at 345,947.18, the JSE Main Index lost 1,603.18 points to settle at 311,845.95 and the JSE Financial Index skidded 0.36 points to settle at 69.55.
The Main Market closed with an average PE Ratio of 12.2. The JSE Main and USD Market PEs are based on the last traded prices and earnings forecasted by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Barita Investments shed 85 cents to $77.30 in switching ownership of 343,759 shares, Caribbean Cement popped 50 cents to end at $49.50 with stakeholders exchanging 137,030 stocks, Caribbean Producers gained $1.09 and ended at $10.79 with investors dealing in 7,704 units, First Rock Real Estate declined 50 cents to close at $7.30 in trading 1,205 stock units, Jamaica Stock Exchange skidded 31 cents in closing at $9.78 with an exchange of 605 units, Kingston Properties advanced 66 cents in closing at $7.29 after a transfer of 3,062 shares, Kingston Wharves climbed 44 cents and ended at $27.99 crossing the market 930 stocks, Massy Holdings rallied $14.36 to end at $104.40 with investors transferring 14,543 stock units, Mayberry Investments fell $1.18 to $7 in an exchange of 218,904 units, Mayberry Jamaican Equities rose 34 cents to close at $11.25 clearing the market with 2,300 shares, NCB Financial dropped $2.50 in closing at $65 with a transfer of 97,064 stock units, 138 Student Living increased 21 cents to end at $4.31 closed at 12,878 stocks, Pan Jamaica lost 25 cents and ended at $45.75 after exchanging 14,580 stock units, Proven Investments dipped 48 cents to close at $21.52 crossing the exchange 14,426 stocks, Pulse Investments declined 21 cents to $1.84 after an exchange of 130,001 shares, Scotia Group lost $1.75 and ended at $32.20 crossing the market 31,010 units, Seprod gained $3.89 in closing at $69.90 trading 6,819 units, Supreme Ventures rose 50 cents to end at $27 with traders dealing in 169,979 shares, Wisynco Group dropped 29 cents to close at $17.71 while exchanging 125,1stock units.
In the preference segment, Eppley 7.50% preference share dipped $1.21 to $5.56 changing hands 156,664 stocks and Jamaica Public Service 7% rallied $15 to $57 passed through the market 222 stocks.