Gains for JSE Main Market

Trading activity picked up on the Jamaica Stock Exchange Main Market on Tuesday, with the volume of stocks traded rising 34 percent and the value 9 percent more than on Friday, after trading in 58 securities compared with 57 on Friday, with rising and declining stocks numbering 18 each with 22 ending unchanged but resulted in solid gains for Kingston Wharves, GraceKennedy and Seprod that helped keep the market in positive territory at the close.
A total of 14,138,225 shares were exchanged for $134,834,411 up from 10,576,110 units at $124,236,160 on Friday.
Trading averaged 243,763 shares at $2,324,731 compared to 185,546 units at $2,179,582 on Friday and month to date, an average of 294,826 units at $1,835,269 compared with 300,182 units at $1,783,933 on the previous trading day and above September’s average of 218,512 units at $1,768,691.
Wisynco Group led trading with 5.16 million shares for 36.5 percent of total volume followed by Wigton Windfarm with 3.77 million units for 26.6 percent of the day’s trade, Transjamaican Highway with 1.59 million units for 11.2 percent market share, Carreras with 1.54 million units for 10.9 percent market share and Palace Amusement with 1.01 million units for 7.1 percent of total volume.
The All Jamaican Composite Index gained 1,148.31 points to end at 347,455.34, the JSE Main Index advanced 341.60 points to conclude trading at 315,226.37 and the JSE Financial Index popped 0.04 points to end at 69.31.
The Main Market ended trading with an average PE Ratio of 12.1. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments dipped 40 cents and ended at $72.50 after an exchange of 8,822 shares, Caribbean Producers shed $1.53 in closing at $9.14 with investors exchanging 35,929 stocks, GraceKennedy rose $2.98 to end at $74.99 after exchanging 1,127 units, Jamaica Broilers skidded $1.25 to $32.75 after a transfer of 36,766 stock units, JMMB Group dropped 97 cents to close at $27.50 as investors traded 31,660 units, Kingston Wharves rallied $3.24 to close at $30.75 with an exchange of 53,840 stocks, Pan Jamaica lost $2.22 to $47.98 with traders dealing in 15,171 stock units, Proven Investments increased $2 to end at $24, with 5,956 shares changing hands, Seprod climbed $2.50 and ended at $71.50 in an exchange of 3,891 stocks, Stanley Motta fell 85 cents in closing at $5.20 with investors dealing in 1,049 stock units and Wisynco Group gained 35 cents and ended at $18.46 with a transfer of 5,160,425 shares.
In the preference segment, JMMB Group 7.25% preference share declined 43 cents in closing at $2.05 with investors transferring 4,787 units and Productive Business Solutions 9.75% preference share dropped $1 to end at $99 after 729 stock units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.