JSE Main Market rallies as value plunges

Trading plunged on the Jamaica Stock Exchange Main Market ended on Tuesday, with only 7,194,041 shares being traded for a mere $18,098,887 compared with 5,650,950 units at $35,185,337 on Monday, with the volume of stocks traded rising 27 percent and the value plunging 49 percent lower than on Monday, with trading in 56 securities compared with 54 on Monday and ended with prices of 24 rising, 19 declining and 13 ending unchanged.
Trading averaged 128,465 shares at $323,194 versus 104,647 shares at $651,580 on Monday and month to date, an average of 233,380 units at $1,448,630,compared with 240,476 units at $1,524,746 on the previous day. Trading in September closed with an average of 218,512 units at $1,768,691.
Wigton Windfarm led trading with 4.32 million shares for 60 percent of the total volume and was followed by Transjamaican Highway in trading 1.06 million units for 14.8 percent of the day’s trade and Sagicor Select Financial Fund with 367,451 units for 5.1 percent market share.
The All Jamaican Composite Index rose 262.79 points to 347,293.71, the JSE Main Index rose 2,426.08 points to settle at 314,062.31 and the JSE Financial Index rose 0.01 points to finish at 68.68.
The Main Market ended trading with an average PE Ratio of 12. 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 up to August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments skidded 70 cents to $71.50 in an exchange of 36,509 shares, Eppley shed $1.68 in closing at $32.32, with 1,211 stock units changing hands, Eppley Caribbean Property Fund popped $3.30 and ended at $39.50 after an exchange of 2,789 stocks. GraceKennedy lost 70 cents in ending at $72.50 after an exchange of 14,225 units, Jamaica Broilers advanced 44 cents to close at $33 with investors trading 24,339 shares, Jamaica Producers dropped $1.48 to close at $19 with traders dealing in 1,752 stock units. Kingston Properties increased 59 cents to end at $7.49 after 39 units passed through the market, Kingston Wharves fell 58 cents in closing at $27.36 while exchanging 5,367 stocks, Massy Holdings gained $1 and ended at $91 in switching ownership of 1,000 stocks. Pan Jamaica rose $2.50 to $49.50 with stakeholders exchanging 581 stock units, Portland JSX rallied 35 cents to $10.85 as investors exchanged 166 units, Proven Investments dropped $3.63 and ended at $20.16 with shareholders swapping 7,373 shares. Seprod declined $2 in closing at $72 with a transfer of 6,022 stock units, Sygnus Real Estate Finance climbed $1.76 to end at $11.90, with 50 stocks crossing the market and Wisynco Group rose 50 cents to close at a 52 weeks’ high of $21.50, with 94,427 units crossing the exchange.
In the preference segment, Eppley 7.75% preference share gained 78 cents to end at $20 after 2 shares crossed the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.