Trading plunges for JSE Main Market

Trading activity dropped sharply on the Jamaica Stock Exchange Main Market on Tuesday, with a 51 percent decline in the volume of stocks traded with a  51 percent lower the value than on Monday, with trading in 50 securities down from 55 on Monday, with 16 rising, 27 declining and seven ending unchanged.
A total of 4,072,123 shares were traded for $39,480,185 versus 8,294,756 units at $80,258,458 on Monday.
Trading averaged 81,442 shares at $789,604 in contrast with 150,814 units at $1,459,245 on Monday and month to date, an average of 191,169 units at $1,573,928, down from 199,546 units at $1,633,800 on the previous day. Trading in August closed with an average of 316,608 units at $1,867,646.
Transjamaican Highway led trading with 1.67 million shares for 41 percent of total volume followed by Ciboney with 440,951 units for 10.8 percent of the day’s trade and Wigton Windfarm with 416,225 units for 10.2 percent market share.
The All Jamaican Composite Index skidded 2,014.32 points to 346,202.80, the JSE Main Index skidded 2,127.01 points to 313,449.13 and the JSE Financial Index lost 0.31 points to finish at 69.91.
The Main Market ended trading with an average PE Ratio of 12.2. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments shed 81 cents in closing at $78.15 with traders dealing in 123,561 shares, Caribbean Cement dropped 85 cents to $49 with an exchange of 5,901 stock units, Caribbean Producers shed 35 cents to end at $9.70 with investors dealing in 118,616 units, Eppley lost 47 cents to close at $35.53 with 284 stocks clearing the market. Eppley Caribbean Property Fund climbed $1.89 to $38.90 in trading just one unit, First Rock Real Estate dipped 58 cents to close at $7.80 after 7,012 stocks were traded, GraceKennedy skidded 43 cents in closing at $72.02 as 15,669 stocks passed through the market, Guardian Holdings advanced $10 to $440, with 5 shares changing hands. Jamaica Broilers fell 98 cents and ended at $32 in an exchange of 22,966 shares, Jamaica Producers lost $1 to end at $20 after a transfer of 200 stocks, Jamaica Stock Exchange rallied 47 cents to $10.09 with a transfer of 6,044 units, Kingston Properties skidded 67 cents in closing at $6.63 after exchanging 1,254 units. Kingston Wharves shed 44 cents and ended at $27.55 as investors traded 2,025 units,  Margaritaville dipped 29 cents to end at $16 in switching ownership of 2,500 shares, Massy Holdings declined $7.76 to close at $90.04, with 62,695 stock units crossing the market, Mayberry Investments increased 68 cents to $8.18 with investors transferring 3,800 stocks. Mayberry Jamaican Equities fell 34 cents to end at $10.91 with stakeholders exchanging 42,449 shares, Sagicor Group dropped 81 cents to close at $44.09 and closed after 11,950 stocks changed hands. Sagicor Real Estate Fund popped 34 cents and ended at $8.34, with 500 stock units crossing the exchange, Seprod skidded $1.49 in closing at $66.01 in an exchange of 2,680 units and Supreme Ventures fell 99 cents to end at $26.50 after 20,420 stocks changed hands.
In the preference segmentEppley 7.25% preference share gained $1.30 to close at $19.95 crossing the market 50 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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