JSE Main Market recovery

Market activity ended on Wednesday, with the volume and value of shares falling below that on Tuesday on the Jamaica Stock Exchange Main Market as rising stocks exceeded those declining nearly two to one.
The All Jamaican Composite Index popped 4,746.65 points to 439,468.85, the JSE Main Index climbed 3,384.50 points to end at 389,024.39 and the JSE Financial Index rallied 1.23 points to 94.06.
Trading ended with 52 securities compared to 60 on Tuesday, with 24 rising, 14 declining and 14 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.9, The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending at the end of August 2022.
Overall, 18,362,000 shares were exchanged for $173,000,474 versus20,758,716 units at $260,240,162 on Tuesday. Wigton Windfarm led trading with 8.39 million shares for 45.7 percent of total volume, followed by Transjamaican Highway with 3.43 million units for 18.7 percent of the day’s trade after trading at a 52 weeks’ high. Pulse Investments with 2.21 million units for 12 percent market share and Sagicor Select Financial Fund ended with 1.41 million units changing hands for 7.7 percent market share.
Trading on Wednesday averaged 353,115 units at $3,326,932 compared to 345,979 shares at $4,337,336 on Tuesday and month to date, an average of 600,727 units at $6,952,422 compared to 612,243 units at $7,121,049 on the previous trading day. February closed with an average of 392,520 units at $3,199,976.
Investor’s Choice bid-offer indicator shows twelve stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Cement gained $4 in closing at $74 after exchanging 173,433 shares, Eppley Caribbean Property Fund rose $3.48 in ending at $44.98 and closed with an exchange of 18,864 stocks, Guardian Holdings rallied $5 to end at $545, with 1,063 stock units changing hands. Jamaica Producers increased $1.45 to close at $24 after trading 121,971 units, Jamaica Stock Exchange climbed $1 to $18.50 in exchanging 23,882 units, JMMB Group advanced 70 cents to $44, with 183,286 stock units crossing the market. Key Insurance shed 32 cents to end at $4.32, trading 10,384 shares, Kingston Properties popped 50 cents in closing at $9.50 with an exchange of 6,913 stocks, Massy Holdings lost $1 to close at $101 in switching ownership of 22,285 stock units. NCB Financial advanced $2 to $114.50 with the swapping of 150,925 shares, Palace Amusement declined $65 to $980 in an exchange of 10 units, PanJam Investment gained $1.54 in closing at $66.04 after trading 88,443 stocks. Proven Investments popped $2.62 to end at $35.62, with 197,532 stock units crossing the market, Pulse Investments rose 32 cents to end at $4.42, with 2,205,543 shares clearing the market, Scotia Group increased $1.07 to close at $35.10 in exchanging 81,314 stocks. Seprod rallied 50 cents to close at $58.50 while exchanging 3,345 units and Victoria Mutual Investments dropped 39 cents to $6.20, with 26,654 stock units crossing the exchange.
In the preference segment, 138 Student Living Preference share climbed $3.34, ending at a 52 weeks’ high of $13.50, trading 234 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.