Gains for JSE Main Market

Trading activity on the Jamaica Stock Exchange Main Market ended on Wednesday, with the volume of stocks traded declining 75 percent and the value 87 percent lower than on Tuesday, with 60 securities trading compared to 58 on Tuesday, with 17 rising, 20 declining and 23 ending unchanged.
A total of 6,353,061 shares were traded for $48,244,526 down from 25,780,894 units at $362,794,152 on Tuesday.
Trading averaged 105,884 shares at $804,075, compared with 444,498 shares at $6,255,072 on Tuesday and month to date, an average of 314,602 units at $2,603,161 versus 423,498 units at $3,541,814 on the prior day. Trading in April ended with an average of 264,549 units at $1,409,410.
Wigton Windfarm led trading with 2.52 million shares for 39.6 percent of the total volume followed by Sagicor Select Financial Fund with 667,300 units for 10.5 percent of the day’s trade and Transjamaican Highway with 598,682 units for 9.4 percent market share.
The All Jamaican Composite Index advanced 1,468.88 points to conclude trading at 375,012.05, the JSE Main Index jumped 2,312.81 points to end at 336,939.12 and the JSE Financial Index rose 0.07 points to 77.48.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.6 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded stock prices and earnings forecasted 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 six with lower offers.
At the close, Barita Investments fell 96 cents in closing at $78 following an exchange of 26,572 shares, Caribbean Cement lost $2.89 to end at $54.01 with 230,824 stocks clearing the market, following the release of first quarter results showing a sharp fall in profits after direct operating cost surged with the plant undergoing annual scheduled repairs. Guardian Holdings gained $20 to end at $, with 42 units changing hands, Jamaica Stock Exchange climbed 65 cents to $13.95 with the swapping of 231 stock units, Mayberry Investments shed 45 cents to close at $7.50 in trading 43,199 units. 138 Student Living increased 30 cents to $5.40 with an exchange of 4,238 stock units, Pan Jamaica Group dropped $2.33 to $54.10, with 1,656 stocks crossing the market, Proven Investments popped $1.80 to close at $27.30 with a transfer of 2,178 shares. Sagicor Group dropped $1.50 to $50.50 after 43,226 stock units crossed the market, Scotia Group declined 70 cents in closing at $34.10 after an exchange of 75,093 units, Seprod rose $6.61 and ended at $71.62 after 3,322 shares were exchanged. Stanley Motta rallied 75 cents to $5.56 after a transfer of 20,752 stocks and Sygnus Real Estate Finance advanced 70 cents in closing at $10.90 in an exchange of 2,801 shares.
In the preference segment, Jamaica Public Service 7% lost $18.48 to end at $90.52 in switching ownership of 624 units and Productive Business Solutions 9.75%preference share rose $9 to close at $104 after exchanging 2 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated