Trading rose sharply on Tuesday, with the volume of stocks passing through the Jamaica Stock Exchange Main Market surging 109 percent, with the value dropping 47 percent compared with trading on Monday, following activity in 60 securities, just above 59 on Monday, with prices of 18 rising, 28 declining and 14 ending unchanged.
The market closed with 12,415,229 shares trading worth $54,099,958 compared to 5,952,637 stock units at $102,283,394 on Monday.
Trading averaged 206,920 shares at $901,666, compared to 100,892 stocks at $1,733,617 on Monday and month to date, an average of 205,384 stock units at $1,386,604 compared with 204,993 shares at $1,509,894 on the previous day and September with an average of 383,823 stock units at $3,398,543.
Sagicor Select Manufacturing & Distribution Fund led trading with 3.24 million shares for 26.1 percent of total volume followed, by Wigton Energy, with 1.68 million stocks for 13.5 percent of the day’s trade, Transjamaican Highway closed with 1.55 million stock units for 12.5 percent of the volume traded, Sagicor Select Financial Fund ended with 1.30 million shares for 10.5 percent of the day’s trade and JMMB Group 7.35% – 2028 with 1.26 million stocks for 10.1 percent of market share.
The All Jamaican Composite Index dropped 1,664.56 points to settle at 367,848.83, the JSE Main Index rose a mere 67.79 points to 322,469.35 and the JSE Financial Index just manage to eke out a gain of 0.13 points to end at 67.25. At the close, the Investor’s Choice bid-offer indicator shows 10 stocks ending with bids higher than their last selling prices and five with lower offers.
The Main Market ended trading with an average PE Ratio of 13.6. The JSE Main and the USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2026.
At the close of the market, AS Bryden increased $4.71 and ended at $35.82 with investors swapping 30,327 shares, Barita Investments sank 53 cents to $83.05, with an exchange of 19,830 stock units, Caribbean Cement popped $1.29 to end at $89.60, after 33,989 shares passed through the market. Carreras dropped 53 cents in closing at $17.47 with investors trading 455,715 stocks, Eppley Caribbean Property Fund shed $2.50 to close at $40 with traders switching ownership of 976 units, First Rock Real Estate gained $1.45 to finish at $12.45 after an exchange of 36 stocks. Guardian Holdings jumped $24 and closed at $375, with an exchange of 639 units, JMMB Group lost $1.22 to at a 52 weeks low of $17.04 with a transfer of 83,434 shares, Key Insurance rallied 43 cents to end at $2.25 with 500 stock units crossing the exchange. MPC Caribbean Clean Energy slipped $7.61 in closing at a 52 weeks low of $42.49 after a transfer of 21 shares, Pan Jamaica sank 97 cents to finish at $49.51 with 9,162 stock units crossing the market, Proven Investments declined 88 cents to close at $15.50 with investors dealing in 34,486 stocks. Sagicor Real Estate Fund fell 78 cents to $6.85 in an exchange of 4,318 units, Scotia Group climbed 58 cents in closing at $54.60 with investors trading 3,581 stocks and Seprod dipped $1.34 and ended at $79.66, with 3,361 units crossing the market.
In the preference segment, Jamaica Public Service 9.5% advanced $19 to end at $2,599 trading 53 shares, Productive Business Solutions 10.5% popped $20 to close at $1,160 after investors exchanged 6 stock units and Sygnus Credit Investments C10.5% climbed $1.91 to finish at $103.91 with a mere one share changing hands.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.