Gains for JSE Main Market

Trading on the Jamaica Stock Exchange Main Market ended on Wednesday, with a 48 percent decline in the volume of stocks and a 19 percent fall in the value compared with Tuesday, following trading in 58 securities compared with 59 on Tuesday, with prices of 28 rising, 19 declining and 11 ending unchanged resulting in the market indices rising to close out trading.
The market closed with 11,956,313 shares being traded for $74,815,722 down from 22,829,779 units at $92,714,302 on Tuesday.
Trading averaged 206,143 shares at $1,289,926 compared to 386,945 units at $1,571,429 on Tuesday and month to date, an average of 1,087,279 units at $2,521,829, in comparison with 1,154,524 units at $2,615,843 on the previous day and February that closed with an average of 385,143 units at $3,418,046.
Wigton Windfarm led trading with 3.25 million shares for 27.2 percent of total volume followed by Radio Jamaica with 2.80 million units for 23.4 percent of the day’s trade, Transjamaican Highway chipped in with 2.66 million units for 22.3 percent market share and QWI Investments with 1.02 million units for 8.5 percent of total volume.
The All Jamaican Composite Index popped 1,037.70 points to close at 367,153.49, the JSE Main Index advanced 969.26 points to end at 328,170.40 and the JSE Financial Index rose 0.46 points to conclude trading at 70.32.
The Main Market ended trading with an average PE Ratio of 13.6. 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 around August 2024.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and eight with lower offers.
At the close, Carreras rose 30 cents to $9.05 with 103,549 stocks clearing the market, GraceKennedy declined $1.74 in closing at $73.50 while exchanging 380,969 units, Jamaica Stock Exchange advanced $1.44 to end at $10.58, with 1,370 shares crossing the market. Key Insurance popped 37 cents and ended at $2.57 in trading 500 stock units, Kingston Properties shed 43 cents to close at $7.07, with 2,608 shares crossing the market, Kingston Wharves rallied $1.20 to $31.20 after exchanging 3,098 stock units. Margaritaville dropped 74 cents to end at $14.06 after 115 units passed through the market, Mayberry Group increased 94 cents in closing at $7.97 with an exchange of 885 stocks, NCB Financial climbed $1.08 to close at $68.48 after 46,912 shares changed hands. Proven Investments gained $1.70 and ended at $23.61, with 3,107 stocks crossing the exchange, Sagicor Group fell 51 cents to a 52 weeks’ low of $39.50 with investors transferring 67,860 units, Scotia Group skidded $1.50 in closing at $45.50 after an exchange of 6,424 stock units. Seprod sank 58 cents to close at $83.42 with investors swapping 10,465 shares, Stanley Motta dipped 65 cents and ended at $6.85 after a transfer of 17,129 stock units and Sygnus Credit Investments lost 87 cents to end at $11.25 with investors dealing in 61,130 stocks.
In the preference segment, Jamaica Public Service 7% popped $3 in closing at $48, with 128 units changing hands, 138 Student Living preference share climbed $1 to $219 with investors trading 165 shares and Productive Business Solutions 9.75% preference share shed $24.90 to end at $95.09 in an exchange of 14 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.