JSE Main Market big bounce

Trading dropped on the Jamaica Stock Exchange Main Market ended on Wednesday, with a 44 percent drop in the volume of stocks traded valued at 56 percent less than on Tuesday, with trading in 60 securities compared with 61 on Tuesday, with the market indices jumping solidly following prices of 24 stocks rising, 19 declining and 17 ending unchanged.
The market closed trading with an exchange of 10,506,094 shares at $105,145,741 down from 18,649,323 units at $238,426,421 on Tuesday.
Trading averaged 175,102 shares at $1,752,429 down from 305,727 units at $3,908,630 on Tuesday and month to date, an average of 302,362 units at $2,410,726 compared to 310,145 stocks at $2,450,989 on the previous day and July with an average of 602,415 shares at $5,405,031.
Sagicor Select Financial Fund led trading with 4.23 million shares for 40.2 percent of total volume followed by Radio Jamaica with 1.11 million units for 10.5 percent of the day’s trade and Transjamaican Highway with 882,272 stock units for 8.4 percent of market share.
The All Jamaican Composite Index jumped 2,662.59 points to end at 352,978.16, the JSE Main Index surged 4,055.15 points to 311,876.23 and the JSE Financial Index gained 1.49 points to cease trading at 66.05.
The Main Market ended trading with an average PE Ratio of 14.1. 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.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and nine with lower offers.
At the close, Barita Investments sank 50 cents to end at $73 in switching ownership of 27,243 stocks, Berger Paints dropped 50 cents in closing at $6.35 after an exchange of 4,838 units, GraceKennedy dropped $1 to end at $73 with a transfer of 384,563 shares. Guardian Holdings climbed $49 to $350 with investors dealing in 87 stock units, Jamaica Broilers lost 97 cents and ended at $33.49, with trading in 9,551 shares, Jamaica Producers rose 80 cents to finish at $22.80 in an exchange of 3,671 stocks. Margaritaville fell 50 cents to close at a 52 weeks’ low of $12 after 771 units changed hands, Massy Holdings gained $2.77 and ended at $78.77 as investors exchanged 50,068 stock units, NCB Financial popped $3.50 to close at $54.50 after a transfer of 113,227 shares. Pan Jamaica rallied 54 cents to finish at $50.49 with traders dealing in 41,652 stocks, Portland JSX sank 65 cents in closing at $10.15 with 90,900 units crossing the exchange, Sagicor Group increased 50 cents to end at $40 after trading 5,088 stock units. Seprod slipped $1.34 in closing at $84.95, with 320,557 shares changing hands and Wisynco Group advanced 98 cents to $21.14 in an exchange of 68,677 stock units.
In the preference segment, 138 Student Living preference share rose $35.60 to end at $197 with 10 stocks clearing the market and Sygnus Credit Investments C10.5% dipped $2.47 to finish at $101.43 in trading 2,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.