Increased action on JSE Main Market

Trading activity resulted in a rise in the level of market activity leading to a fall in the market on the Jamaica Stock Exchange Main Market ended on Friday, with the volume of stocks traded rising 81 percent and the value 91 percent more than on Thursday, after trading in 55 securities up from 50 on Thursday and ended with prices of 14 rising, 21 declining and 20 unchanged.
Investors traded 6,908,564 shares for $81,081,310 versus just 3,815,209 units at $42,492,694 on Thursday.
Trading averaged 125,610 shares at $1,474,206, up from 76,304 stocks at $849,854 on Thursday and month to date, an average of 231,941 units at $3,146,622, compared with 240,504 units at $3,281,297 on the previous day. In contrast February averaged 183,599 units at $2,160,070.
Wigton Windfarm led trading with 2.75 million shares for 39.8 percent of total volume followed by Sagicor Select Financial Fund with 1.04 million units for 15.1 percent of the day’s trade and Transjamaican Highway, 651,680 units for 9.4 percent market share.
The All Jamaican Composite Index dipped 2,977.64 points to close at 368,132.77, the JSE Main Index declined 2,484.15 points to close at 325,461.60 and the JSE Financial Index shed 0.61 points to end at 76.31.
PE Ratio, a formula to ascertain appropriate stock values, averages 13.3 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and one stock with a lower offer.
At the close, Eppley climbed $1 to close at $36 trading 7 shares, GraceKennedy dipped $2 in ending at $80 after 138,649 units crossed the market, Guardian Holdings declined $4 to $480 with the swapping of 3,082 stocks. Jamaica Broilers rose 49 cents to end at $33.50 in switching ownership of 446,715 stock units, Jamaica Producers shed $2.24 to close at $20.25 in an exchange of 64,697 stocks, JMMB Group dropped $1 to close at $30 in trading 187,664 shares. Mayberry Jamaican Equities popped 97 cents to $12.97 as 22,000 stock units passed through the market, NCB Financial gained 50 cents to end at $72 after an exchange of 215,558 units, 138 Student Living increased 49 cents in closing at $5.50 with a transfer of 888 stocks. PanJam Investment fell $2.79 to $54 in an exchange of 2,774 stock units, Sagicor Group lost $2.90 to close at $47, with 261,239 units crossing the market, Seprod fell $4.57 to $63.40, with 7,759 shares changing hands and Wisynco Group rallied 40 cents to end at $17.40 after exchanging 30,667 stocks.
In the preference segment, Jamaica Public Service 7% surged $46.28 in closing 26 percent higher to record high of $221.51 with investors exchanging 7,599 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.