Rising stocks drove the Jamaica Stock Exchange Main Market higher at the end of trading on Wednesday, with trading in 58 securities compared with 61 on Tuesday, with prices of 22 rising, 18 declining and 18 ending unchanged, with the volume of stocks traded declining 33 percent and the value 6 percent more than on Tuesday.
The market closed with 7,812,662 shares being traded with a value of $77,406,640, up from 11,711,045 shares at $73,006,878 on Tuesday.
Trading averaged 134,701 shares at $1,334,597, down from 191,984 stocks at $1,196,834 on Tuesday and month to date, an average of 1,830,454 stock units with a value of $7,542,809, versus 1,951,430 shares valued at $7,985,707 on the previous day compared to March with an average of 896,190 stock units at $20,804,277.
Transjamaican Highway led trading with 3.54 million shares for 45.3 percent of total volume, followed by Wigton Energy, with 1.08 million units for 13.9 percent of the day’s trade and Proven Investments with 948,505 stocks for 12.1 percent of the volume traded.
The All Jamaican Composite Index increased 640.14 points to settle at 362,406.20, the JSE Main Index rallied 775.35 points to close trading at 315,190.80 and the JSE Financial Index slipped 0.03 points to wrap up trading at 64.93. The Investor’s Choice bid-offer indicator shows 14 stocks ending with bids higher than their last selling prices and two with lower offers.
The Main Market ended trading with an average PE Ratio of 13.1. 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.
At the close of the market, Caribbean Cement dropped $6.10 to end at $78.20 with investors trading 969 shares, Caribbean Producers shed 40 cents in closing at $8 after 57,748 units were traded, Eppley rallied 83 cents to $33.33 after a transfer of 120,850 shares. Jamaica Broilers declined 90 cents to end at a 52 weeks’ low of $25 after 50,108 units passed through the market, Jamaica Producers popped $1.65 to finish at $24.70 in an exchange of 24,317 stock units, JMMB Group lost $1.45 to close at a 52 weeks’ low of $19.05 with 19,723 units crossing the market. Kingston Properties slipped 85 cents to $8.40 with investors trading 8,079 stocks, Kingston Wharves climbed $1.36 to close at $28.46 with an exchange of 10,753 shares, Massy Holdings fell 40 cents in closing at $79.50 with 4,456 stock units clearing the market. Mayberry Group rose 39 cents to end at $7.39 with investors swapping 5,268 shares, NCB Financial advanced $1.10 to finish at $45 in switching ownership of 168,353 stocks, Pan Jamaica gained $3.49 and ended at $57 with investors trading 27,133 units. Sagicor Group increased 58 cents to $40.58 after an exchange of 20,211 stock units, Scotia Group popped $1.30 and ended at $53.95 with investors dealing in 163,670 shares and Seprod skidded 50 cents to finish at $83.50 with 6,302 stock units changing hands.
In the preference segment, Jamaica Public Service 7% sank $1.82 in closing at $36 in an exchange of 941 units and Productive Business Solutions 10.5% preference share slipped $3.02 to close at $1,040.97 with 160 stock units crossing the market.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.