Gains for JSE Main Market

A solid surge in the value of rising stocks on the Jamaica Stock Exchange Main Market pushed the market indices higher on Wednesday, following trading in 52 securities compared with 60 on Tuesday, with prices of 12 stocks rising, 22 declining and 18 ending unchanged, with the volume of stocks traded declining 20 percent and the value marginally more than on Tuesday.
The market closed with 5,507,605 shares trading for $70,218,123 down from 6,902,923 units at $68,837,980 on Tuesday.
Trading averaged 105,915 shares at $1,350,349 compared to 115,049 units at $1,147,300 on Tuesday and for the month to date, an average of 314,070 stock units at $2,427,608 compared with 329,735 shares at $2,508,676 on the previous day and July with an average of 602,415 units at $5,405,031.
Wigton Windfarm led trading with 1.71 million shares for 31 percent of total volume followed by Transjamaican Highway with 1.22 million units for 22.1 percent of the day’s trade and GraceKennedy with 491,914 stocks for 8.9 percent market share.
The All Jamaican Composite Index rallied 2,605.48 points to conclude trading at 350,215.10, the JSE Main Index advanced 1,598.32 points to end at 305,973.86 and the JSE Financial Index rose 0.73 points to finish at 64.33.
The Main Market ended trading with an average PE Ratio of 14.6. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows 14 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Barita Investments gained $1.07 to end at $73.96 with 10,571 shares crossing the market, Caribbean Cement popped 89 cents to $64.39 in trading 2,495 stocks, General Accident climbed 52 cents in closing at $7.02, with 2,001 shares changing hands. <b>GraceKennedy dipped $1.10 and ended at $73 with investors swapping 491,914 stock units, Guardian Holdings rose $2 to finish at $290 in an exchange of 2,193 shares, Jamaica Broilers fell $1.21 to close at $34.50 with investors trading 31,647 stocks. JMMB Group slipped 96 cents to $21 after an exchange of 52,155 units, Pan Jamaica lost 75 cents to close at $49 with investors trading 47,785 stocks, Proven Investments sank $2.46 to finish at a 52 weeks’ low of $15 in switching ownership of 30,230 shares. Scotia Group declined $1 and ended at $44 as investors exchanged 64,065 stock units and Seprod advanced $4 to end at $84 with a transfer of 1,176 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.