JSE Main Market Index climbs 1,880 points


Stocks rallied on the Jamaica Stock Exchange Main Market, with the Index climbing 1,880 points following trading in 59 securities on Wednesday, as was the case on Tuesday. Trading ended, with prices of 24 stocks rising, 18 declining and 17 ending unchanged. At the close, Transjamaican Highway accounted for 36 percent of all the stocks traded, with the total volume and value of stocks traded declining 38 percent and 25 percent, respectively, compared to Tuesday.

The market closed with just 6,538,417 shares trading for $77,664,984 after a slide from 10,606,743 stocks valued at $104,053,703 on Tuesday.
Trading concluded with an average of 110,821 shares at $1,316,356, after decreasing from 179,775 stock units at $1,763,622 on Tuesday and month to date, an average of 179,746 units at $2,003,333 compared to 212,807 shares at $2,332,859 on the previous day and February with an average of 296,521 stock units at $2,650,049.
Transjamaican Highway led trading with 2.40 million shares for 36.7 percent of the total volume, followed by Wigton Energy with 1.31 million units for 20.1 percent of the day’s trade and Scotia Group with 618,169 stocks for 9.5 percent of the volume traded.
The All Jamaican Composite Index popped 2,535.65 points to close at 404,277.43, the JSE Main Index rallied 1,880.20 points to finish at 346,484.78 and the JSE Financial Index climbed 0.04 points to end at 63.25.
At the close, the Investor’s Choice bid-offer indicator shows 11 stock units ending with bids higher than their last selling prices and none with a lower offer.
The Main Market ended trading with an average PE Ratio of 20.6. The JSE Main and the USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with financial year ending around August 2026.
At the close of the market, Caribbean Cement declined 59 cents to $106.40, following trading of 4,731 shares, Carreras sank 40 cents to $21.50 as investors exchanged 104,782 stocks, Eppley Caribbean Property Fund climbed $1 and ended at $46.50 in trading 6,770 units. Kingston Wharves popped 60 cents to finish at $35.50 with 4,426 shares crossing the market, Lasco Manufacturing gained 44 cents to close at $6.94 with investors trading 2,384 stock units, Mayberry Jamaican Equities rose 84 cents to end at $7.51 in switching ownership of 4,472 shares. Pan Jamaica shed $1 to $48 after an exchange of 3,852 stocks, Portland JSX fell $2.16 to close at $6.41 with a transfer of a mere one unit, Proven Investments skidded 94 cents to end at $12.06 with 2,925 stock units clearing the market. Sagicor Real Estate Fund advanced 43 cents in closing at $9.87 with investors trading 1,488 shares, Seprod rallied 99 cents to finish at $79.99 after a transfer of 3,363 stock units, Stanley Motta lost 94 cents and ended at $5.33 with investors dealing in 18,000 units and Sygnus Credit Investments increased 39 cents to $10.90 with 33,111 stocks crossing the market.
In the preference segment, 138 Student Living preference share dipped $36.56 to end at $207.14 in an exchange of 298 units and Productive Business Solutions 10.5% dipped $1 in closing at $1,199 with 100 stocks passing through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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