Big move by JSE Main Market stocks

Investors pushed 53 percent more funds into the main market on Wednesday than they did on Tuesday and delivered robust gains in the market indices, but the volume of shares trading declined 36 percent at the close of the Jamaica Stock Exchange Main Market, with an equal number of stocks rising and falling.
The All Jamaican Composite Index surged 3,908.17 points to 449,775.17, the JSE Main Index rallied 3,592.95 points to end at 407,120.52 and the JSE Financial Index added 0.58 points to close the day at 98.27.
Overall, 50 securities traded compared to 53 on Tuesday, with 18 rising, 18 declining and 14 ending unchanged and trading ended with Caribbean Producers traded at a 52 weeks’ high of $9.
The PE Ratio, a measure used in computing appropriate stock values, averages 15.3. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecast done by ICInsider.com for companies with financial years ending between the current year and August 2022.
A sum of 8,948,387 shares traded for $192,939,993 versus 13,991,296 units at $125,864,996 on Tuesday. Ciboney Group led trading with 32.3 percent of total volume after trading 2.89 million shares, Wigton Windfarm followed with 13.6 percent for 1.22 million units and GraceKennedy, with 12.4 percent and exchange of 1.11 million units.
Trading averages 178,968 units at $3,858,800,  versus 263,987 shares at $2,374,811 on Tuesday and month to date, an average of 227,446 units at $2,632,171, compared to 230,226 units at $2,561,837 on Tuesday. September closed with an average of 335,669 units at $7,507,404.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Cement declined $1 to $115 with 15,335 shares changing hands, Caribbean Producers popped $1.23 to a 52 weeks’ closing high of $8.73 in trading 328,429 units after the stock hit a record $9 earlier in trading. Eppley fell $1 in closing at $36 after trading 6,168 stocks, Guardian Holdings shed $1 to end at $548 in exchanging 60,267 stock units, Jamaica Broilers rallied $1.40 to $30 with 3,148 units clearing the market, Jamaica Producers slipped $1.90 to end at $22.10, with 79,517 shares changing hands. Jamaica Stock Exchange fell 40 cents to $16.60 with the swapping of 5,517 stock units ahead of the company releasing good third quarter results, Kingston Properties dropped $1.50 to $8.50 after exchanging 29,909 stocks, Mayberry Jamaican Equities gained 26 cents to end at $9.06 with a transfer of 5,000 stock units. NCB Financial popped $1.99 to close at $131 with 39,457 shares changing hands, Palace Amusement dropped a hefty $60 to finish at $955 with 102 units crossing the market, Proven Investments spiked 45 cents to $33.47 with the swapping of 4,820 shares. Sagicor Group advanced $1.57 to end at $52.97 in exchanging 30,077 shares, Seprod gained 29 cents to settle at $63.99 in trading 10,054 stocks, Stanley Motta rose 30 cents to $5.25 after crossing the exchange with 7,000 stock units. Supreme Ventures lost 26 cents to end at $17.54, with 12,230 stock units changing hands and Wisynco Group fell $1.29 to $17.50 in exchanging 23,257 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.