A second day of solid gains for Main Market

It was another solid day of trading activity on the Jamaica Stock Exchange Main Market on Wednesday, with the market indices putting in a second day of a robust rally following a 97 percent jump in the volume of stocks traded as the value climbed 105 percent more than on Monday, after trading occurred in 61 securities compared to 64 on Monday, leading to the prices of 30 rising, 20 declining and 11 ending unchanged.
Investors traded 17,951,966 shares for $68,245,213 versus 9,133,162 units at $33,363,180 on Monday.
Trading averaged 294,295 shares at $1,118,774, versus 142,706 units at $521,300 on Monday and month to date, an average of 214,851 units at $1,322,591, compared with 209,549 units at $1,336,194 on the previous day. April closed with an average of 264,549 units at $1,409,410.
Wigton Windfarm led trading with 4.65 million shares for 25.9 percent of total volume, followed by Transjamaican Highway with 3.27 million units for 18.2 percent of trading, QWI Investments with 2.44 million units for 13.6 percent market share, Stanley Motta with 2.08 million units for 11.6 percent market share and JMMB Group 7.35% due 2028  with 1.56 million units for 8.7 percent of total volume.
The All Jamaican Composite Index jumped 3,546.34 points to end at 370,917.95, the JSE Main Index rallied 2,988.38 points to close at 335,171.56 and the JSE Financial Index rose 0.28 points to close at 75.83.
The PE Ratio, a formula used to compute appropriate stock values, averages 13 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last selling prices of stocks and earnings forecasted by ICInsider.com for companies with the financial year ending up to August 2023.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Berger Paints rallied 52 cents to end at $8.14 in trading 3,409 shares, Caribbean Cement advanced $5.90 to close at $55.85, with 33,738 stocks passed through the market, Eppley popped $7.46 after ending at $39 with investors transferring 10,436 stock units. First Rock Real Estate dipped 39 cents to $10.11 while exchanging 5,154 units, GraceKennedy shed 50 cents in closing at $77.50, with 18,753 stock units changing hands, Jamaica Producers fell 30 cents in closing at $20.50 with a transfer of 18,238 stocks. JMMB Group increased 40 cents to $30.40 with shareholders swapping 15,197 shares, Kingston Wharves dropped 47 cents to close at $30.53 with an exchange of 2,807 units, Margaritaville declined $1.94 and ended at $16.56 after an exchange of 2,662 units. Massy Holdings rose $1.95 to end at $99 in trading 34,134 stocks, Mayberry Investments climbed 60 cents to end at $8 after 633,344 shares crossed the market, Mayberry Jamaican Equities gained 60 cents to close at $11.09 in switching ownership of 396,917 stock units. NCB Financial gained 62 cents and ended at $72 after trading 34,859 stocks, Portland JSX lost $1.25 in closing at $9 in an exchange of 10,733 units, Proven Investments advanced 50 cents to close at $26 after a transfer of 3,157 shares. Seprod declined $2.90 to close at $68 with 92,279 stock units clearing the market, Stanley Motta rose 30 cents to $5.30 and closed with 2,083,270 stock units changing hands, Sterling Investments dropped 38 cents to $2.52 after investors exchanged 2,433 stocks. Sygnus Real Estate Finance rallied $1.53 in closing at $11.63, with 104 units crossing the market and Wisynco Group increased $1.10 to end at $18.50 as investors exchanged 252,155 shares.
In the preference segment, Eppley 5% preference share popped $1.98 to end at $20.99, with 49 shares crossing the exchange, Eppley 7.50% preference share climbed 60 cents to $7.52 with an exchange of 6,979 units, 138 Student Living preference share dipped $13.50 and ended at $106.67, with 16 stock units crossing the market and Productive Business Solutions 9.75% preference share fell $10.69 to close at $106.94 after a transfer of 34 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.