Gains for JSE Main Market

Trading activity on the Jamaica Stock Exchange Main Market ended on Wednesday, with the volume of stocks traded declining slightly but with a 247 percent jump in value compared to trading on Tuesday, with 60 securities trading compared to 61 on Tuesday, with 21 rising, 20 declining and 19 ending unchanged.
A total of 27,085,519 shares were traded for $325,797,894 compared to 27,564,223 units at $93,817,986 on Tuesday.
Trading averaged 451,425 shares at $5,429,965 versus 451,873 shares at $1,538,000 on Tuesday and month to date, an average of 270,842 units at $1,464,663, compared to 258,214 units at $1,187,369 on the previous day. March closed with an average of 356,137 units at $3,015,416.
Jamaica Stock Exchange was the leading trade with 10.0 million shares for 36.9 percent of total volume, Carreras followed with 4.46 million units for 16.5 percent of the day’s trade, Wigton Windfarm ended with 2.82 million units for 10.4 percent market share, Transjamaican Highway closed with 2.39 million units for 8.8 percent of share traded, Wisynco Group traded 1.06 million units for 3.9 percent of market activity and Sagicor Select Financial Fund with 1.04 million units for 3.8 percent of total volume.
The All Jamaican Composite Index climbed 1,936.55 points to 376,387.83, the JSE Main Index rallied, 1,767.62 points to finish at 334,833.76 and the JSE Financial Index popped 0.29 points to 77.09.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.3 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded stock price and earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Berger Paints fell 42 cents to $7.88 with an exchange of 6,937 shares, Eppley Caribbean Property Fund climbed $2.50 after ending at $43.50, with 422 units changing hands, First Rock Real Estate declined $1.60 to end at $10.15, with 80,528 stocks crossing the market, GraceKennedy advanced 50 cents to close at $80 in an exchange of 69,435 stock units, JMMB Group shed 75 cents in closing at $30.55 with the swapping of 62,383 units, Kingston Properties lost 45 cents in closing at $6.65 after exchanging 12,176 stocks, Margaritaville gained 99 cents after ending at $19 with 149 stock units clearing the market, NCB Financial dipped $2.96 to $72.03 and closed after trading 159,555 shares, Pan Jamaica Group rallied $4.44 to $56.44 in an exchange of 163 units and Supreme Ventures rose 89 cents to close at $28.89 as investors exchanged 550,580 stock units.
In the preference segment, Productive Business 10.50%  preference share dropped $20 to end at $1200 in trading 169 stocks, Eppley 7.50% preference share declined $1.93 after finishing at $6 with an exchange of 11 shares, Eppley 7.75% preference share lost $1.42 to end at $18.60 with investors transferring two stock units, Jamaica Public Service 7% popped $16.24 to close at $79.49 as 538 shares passed through the market and Productive Business Solutions 9.75% preference share fell $3 in closing at $104 after a transfer of 658 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.