The Jamaica Stock Exchange Main Market closed higher on Wednesday, with a 16 percent rise in the volume of stocks traded with a 10 percent higher value than on Tuesday, following trading in 59 securities up from 54 on Tuesday, and ended with prices of 25 rising, 13 declining and 21 ending unchanged.
The Main Market closed with trading of 13,147,467 shares for $113,060,902 up from 11,380,554 units at $102,771,663 on Tuesday.
Trading finished with an average of 222,838 shares at $1,916,286 up from 210,751 stock units at $1,903,179 on Tuesday. Trading for the month to date, averages 234,765 units at $1,861,801, marginally more than 235,480 stocks at $1,858,534 on the previous day and May with an average of 336,947 units at $2,177,110.
Transjamaican Highway led trading with 3.08 million shares for 23.4 percent of total volume followed by Wigton Windfarm with 2.12 million units for 16.1 percent of the day’s trade and Sygnus Credit Investments with 1.33 million units for 10.1 percent of the day’s trade.
The All Jamaican Composite Index popped 803.03 points to 357,537.00, the JSE Main Index advanced 1,434.43 points to end trading at 319,656.54 and the JSE Financial Index fell 0.37 points to close trading at 66.99.
The Main Market ended trading with an average PE Ratio of 14.1. 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 2025.
Investor’s Choice bid-offer indicator shows 10 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, AS Bryden jumped $4.39 to $41.48 with an exchange of 56 stock units, Barita Investments rallied 60 cents and ended at $71.70 with 2,727 shares clearing the market, Berger Paints rose 80 cents in closing at $9.80 with investors trading 8,695 stocks. Guardian Holdings dropped $15 to end at $345 after a transfer of 62 units, Jamaica Broilers gained $1.44 to close at $33.44 in trading 504,743 shares, JMMB Group advanced 96 cents to finish at $25.50, with 519,086 units changing hands. 
MPC Caribbean Clean Energy jumped $6.94 to $90 with a transfer of 35 stocks, Pan Jamaica fell 75 cents to finish at $50.75 after traders swapped 254,028 stocks, Sagicor Group climbed 50 cents and ended at $41 in an exchange of 8,573 shares. Scotia Group slipped 89 cents to close at $44 with investors trading 29,563 units, Sygnus Credit Investments popped $1.47 to end at $12.16 after shareholders traded 1,330,198 stocks and Wisynco Group lost 44 cents in closing at $20.56 with investors dealing in 10,176 stock units.
In the preference segment, Productive Business Solutions 10.5% preference share rallied $50 to $1,100 with 47 shares crossing the market and Sygnus Credit Investments C10.5% rose $2 to end at $110 as traders exchanged 20 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market bounces with increased trades
June 26, 2024 by IC Insider.com
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, AS Bryden, Barita Investments, Berger Paints, Caribbean Cement, Caribbean Producers, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, General Accident, Grace Kennedy, Innovative Energy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Lasco Distributors, Lasco Manufacturing, Mayberry Group, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group
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