JSE Main Market trading back to the norm

Investors traded 96 percent fewer stocks at an 83 percent lower value than on Thursday, after trading in 58 securities compared with 59 on Thursday, with prices of 19 stocks rising, 23 declining and 16 ending unchanged, at the close of the Jamaica Stock Exchange Main Market on Friday with Wigton Windfarm traded just 13.4 million shares compared to more than 561 million on Thursday.
The market closed with 24,192,561 shares being traded for $99,646,238 compared with 566,948,248 units at $597,471,743 on Thursday.
Trading averaged 417,113 shares at $1,718,058 compared to 9,774,970 units at $10,301,237 on Thursday and month to date, an average of 2,018,048 stock units at $2,876,457, in comparison with 2,322,239 units at $3,095,210 on the previous day and February with an average of 385,143 units at $3,418,046.
For a second consecutive day, Wigton Windfarm led trading with 13.42 million shares for 55.5 percent of total volume followed by Transjamaican Highway with 5.98 million units for 24.7 percent of the day’s trade, Radio Jamaica ended with 1.25 million stocks for 5.2 percent market share and Supreme Ventures closed with 1.01 million units for 4.2 percent of total volume.
The All Jamaican Composite Index rallied 1,873.44 points to 372,434.54, the JSE Main Index rose 1,493.04 points to 332,428.43 and the JSE Financial Index inched 0.07 points higher to 70.75.
The Main Market ended trading with an average PE Ratio of 13.9. 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 11 stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, AS Bryden climbed $1.50 in closing at $42, with 1,832 shares crossing the market, Barita Investments declined 36 cents to $70.03 after a transfer of 1,378 stocks, Carreras lost 45 cents to close at $8.50 with investors trading 959,853 shares. Eppley dropped $7.79 and ended at $34.21 after closing with an exchange of 730 stock units, First Rock Real Estate sank 99 cents to end at $9 after investors traded 6,254 shares, Guardian Holdings popped $1 to $369, with 100 units crossing the exchange. Jamaica Producers advanced $1.89 and ended at $24 in trading 55,017 stocks, Jamaica Stock Exchange rose 57 cents $10.70 after 13,929 stocks passed through the market, Kingston Wharves dipped $1.49 to $33.50 after an exchange of 18,042 shares. Margaritaville fell $1.74 to end at $14.25 with 49 units clearing the market, Sagicor Group rallied 50 cents to $40.50 while 13,647 stocks were traded and Supreme Ventures skidded $1 and ended at $25 with traders dealing in 1,013,897 stock units.
In the preference segment, Productive Business Solutions 9.75% preference share jumped $19.97 to end at $115 in an exchange of 675 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.