Despite a reduction in the value of shares traded on the local stock market last week, trading activity increased week-over-week.

Meanwhile, trading activity narrowed with a higher concentration of trading activity in the three most traded stocks. The top three volume leaders accounted for 69.1% of total market volume, compared to 46.7% in the previous week. 

They were Dolla Financial Services with 78.55 million units (39.27%), Kintyre Holdings with 32.94 million units (16.47%) and TransJamaican Highway (TJH) with 26.64 million units (13.32%). The market’s performance, as tracked by the JSE Combined Index, declined by 1.67%, with 63 of the 122 stocks ending lower, 47 experiencing price appreciation, and nine remaining unchanged. 

Wisynco Group (-8.7%), TJH (-10.6%) and Sagicor Group Jamaica (-3.9%) were the biggest contributors. The decline in TJH likely reflects some investors selling to cash in on the stock‘s recent run. 

The stock price peaked at $5.02 on November 28th. All of the remaining eight JSE indices declined. The steepest decliners were the JSE Select (-4.6%) and the JSE Cross-Listed (-2.7%) Indices. For the JSE Select Index, TJH and Carreras (3.56%) were the major contributors. 

For the Cross-Listed Index, Guardian Holdings Limited (GHL: -7.0%) was the big driver. However, the price remained within its 3-month range of $316.53 and $383.81. Market volume totalled 198.4 million units (J$691.49 million) last week, representing, a 29.0% increase in volume and a 16.0% reduction in value, compared to the previous trading week.