JSE Main market attracts more money

On Wednesday 127 percent more funds poured into the Jamaica Stock Exchange Main Market, resulting in the volume of stocks traded falling 30 percent and the value from Tuesday, with trading in 53 securities down from 57 previously and ended with prices of 19 stocks rising, 25 declining and nine ending unchanged.
The market closed with 6,653,491 shares being traded at $126,514,825 compared with 9,447,304 units at $55,827,190 on Tuesday.
Trading averaged 125,538 shares at $2,387,072 compared with 165,742 units at $979,424 on Tuesday and month to date, an average of 224,058 units at $3,444,349 compared with 236,701 units at $3,580,028 on the previous day and August that ended with an average of 290,511 units at $2,258,494.
NCB Financial led trading with 1.43 million shares for 21.5 percent of total volume followed by Lasco Distributors with 1.29 million units for 19.4 percent of the day’s trade and Wigton Windfarm with 705,002 stock units for 10.6 percent market share.
The All Jamaican Composite Index sank 1,070.54 points to end at 348,403.02, the JSE Main Index advanced 1,228.28 points to cease trading at 309,304.36 and the JSE Financial Index increased 0.54 points to end at 63.98.
The Main Market ended trading with an average PE Ratio of 14. 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 four with lower offers.
At the close, Eppley climbed $2.09 and ended at $36.99 with 191 shares being exchanged, Eppley Caribbean Property Fund dropped $2 to $40 with a transfer of 1,000 stock units, General Accident popped 50 cents to close at $7, after 315,254 shares passed through the market. Guardian Holdings increased $48.24 in closing at $339.25 in trading 110 stock units, Jamaica Broilers advanced $2.99 to finish at $34.49 with 23,947 shares crossing the market, MPC Caribbean Clean Energy fell $8.80 to end at $88 after an exchange of 166 stocks. Sagicor Group declined 60 cents in closing at $39.60 in trading 114,095 units, Salada Foods sank 50 cents to $3 after an exchange of 15,690 stock units, Scotia Group dipped $2.05 to end at $41.75 with investors trading 139,768 shares. Seprod sank 90 cents to finish at $84.10 in switching ownership of 51,158 stocks and Sygnus Real Estate Finance slipped $1.72 and ended at $9.18 with traders dealing in 15,619 units.
In the preference segment, Eppley 7.50% preference share rose 85 cents to close at $6.21. with 10 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.