JSE Main Market bounce back

Advancing stocks were edged out by those declining in trading activity on the Jamaica Stock Exchange Main Market on Wednesday and yet the market indices managed to bounce with a number of the big losers on Tuesday enjoyed big rebounds even as the volume of stocks traded declined 41 percent with a 67 percent lower value than on Tuesday, after trading occurred in 55 securities as was the case on Tuesday and ended with 19 rising, 23 declining and 13 unchanged.
A total of 7,745,089 shares were traded for $50,833,820 versus 13,023,036 units at $151,822,598 on Tuesday.
Trading averaged 140,820 shares at $924,251 compared with 236,782 units at $2,760,411 on Tuesday and month to date, an average of 151,113 stocks at $1,211,063 compared to 154,608 units at $1,308,437 on the previous day. November closed with an average of 275,587 units at $2,488,949.
Radio Jamaica led trading with 2.04 million shares for 26.4 percent of total volume followed by Transjamaican Highway with 1.51 million units for 19.5 percent of the day’s trade and Ciboney Group with 910,919 units for 11.8 percent market share.
The All Jamaican Composite Index climbed 197.16 points to settle at 347,574.66, the JSE Main Index climbed 1,116.91 points to finish at 312,105.71 and the JSE Financial Index increased 0.73 points to culminate at 67.65.
The Main Market ended trading with an average PE Ratio of 12.7. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of market activity, AS Bryden advanced $1.03 to $29.25 in an exchange of 3,385 stock units, Ciboney Group declined 29 cents and ended at $1.41 with 910,919 shares clearing the market, Eppley lost $1.01 to end at $35.49 as investors exchanged 34 units. First Rock Real Estate popped 50 cents in closing at $7.50 after the trading of 45,077 stocks, GraceKennedy climbed $1.99 to close at $76, with 89,572 shares, crossing the exchange, Guardian Holdings rose $100 to $400, with a mere 6 stock units changing hands. Jamaica Broilers gained 45 cents and ended at $34 with investors dealing in 14,361 units, Jamaica Producers increased 30 cents to end at $22 after an exchange of 1,880 stocks, Jamaica Stock Exchange dropped 54 cents in closing at $9.16 after 16,620 shares passed through the market. JMMB Group fell 75 cents to close at $25 with stakeholders exchanging 49,637 stocks, Key Insurance dropped 46 cents to $2.03, with 65,790 units crossing the market, NCB Financial shed $2.88 to close at $65.10 with traders dealing in 20,826 stock units. 138 Student Living skidded 27 cents and ended at $3.92 after an exchange of 24,380 shares, Pan Jamaica rallied $4.78 to end at $49.80 with investors transferring 67 stocks, Proven Investments popped $1.45 in closing at $23.48, with 634 units crossing the market. Sagicor Group climbed 25 cents to $41.25 with an exchange of 486,890 stock units, Sagicor Real Estate Fund increased 40 cents to end at $8.30 and closed with an exchange of 150 shares, Scotia Group lost 45 cents in closing at $33.55 with shareholders swapping 33,394 units. Seprod rallied 69 cents and ended at $72.99 while exchanging 12,041 stocks, Supreme Ventures shed 65 cents to close at $25.50 after a transfer of 210,385 stock units, Sygnus Real Estate Finance fell $1.05 to $9.44 in switching ownership of 819 shares and Wisynco Group rose 96 cents in closing at $20.96 in an exchange of 32,976 units.
In the preference segment, Productive Business Solutions 9.75% preference share advanced $16.15 to close at $116.15 in trading 30 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.