JSE Main Market trading rises

Market activity on the Jamaica Stock Exchange Main Market ended on Wednesday, with the volume of stocks traded 15 percent more than on Tuesday with a 70 percent rise value, with 52 securities trading against 53 on Tuesday, with 29 rising, 12 declining and 11 ending unchanged.
A total of 11,772,946 shares were exchanged for $169,332,476 up from 10,202,723 units at $99,881,216 on Tuesday.
Trading averaged 226,403 units at $3,256,394 versus 192,504 shares at $1,884,511 on Tuesday and month to date, an average of 228,969 stocks at $2,441,701 compared to 229,234 units at $2,357,478 on the previous day, well below trading in August,, with an average of 738,534 shares at $5,975,613.
Carreras led trading with 3.22 million shares for 27.3 percent of total volume followed by Sagicor Select Financial Fund with 1.81 million units for 15.4 percent of the day’s trade, Wigton Windfarm with 1.64 million units for 13.9 percent market share and Supreme Ventures with 1.32 million units for 11.2 percent market share.
The All Jamaican Composite Index advanced 21.40 points to 408,470.42, the JSE Main Index popped 125.03 points to 359,538.11 and the JSE Financial Index declined 0.33 points to settle at 85.78.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.6 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments dipped $1.35 to $86, with 201,896 shares clearing the market, Berger Paints shed 78 cents in closing at $10.23 in switching ownership of 15,941 stocks, Caribbean Cement climbed $2.90 to $62, 50,349 units crossing the exchange. Carreras popped 48 cents to end at $9 as 3,215,663 stock units changed hands, Eppley Caribbean Property Fund rallied 65 cents to $42.25 with an exchange of 1,948 stock units, Jamaica Broilers advanced $1.14 to close at $29.44 while exchanging 269,207 stocks. Jamaica Producers fell 60 cents to end at $19.50, with 12,517 shares changing hands, Jamaica Stock Exchange dropped $1.10 ending at $16 after exchanging 18,420 units, Massy Holding rose $2 to $87 with a transfer of 3,877 units. Mayberry Investments increased 79 cents in closing at $8.29 after an exchange of 599 stock units, 138 Student Living gained $1 to close at $6.50 in trading 1,408 shares, Palace Amusement lost $1 in ending at $899 with the swapping of 12 stocks. PanJam Investment declined 95 cents to $59.05 in an exchange of 104,243 units, Pulse Investments advanced 60 cents to $3.90 with investors transferring 324,188 shares, Sagicor Group rose $1.50 in closing at $53 after a transfer of 409,251 stocks. Scotia Group rallied $2 to close at $36 in trading 198,153 stock units, Supreme Ventures rallied 85 cents to $29.35 after 1,318,760 stocks crossed the market and Sygnus Real Estate Finance popped 45 cents to $9.50 in exchanging 27,020 shares.
In the preference segment, Eppley 7.50% preference share increased 49 cents to end at $cents after trading 5,000 units, Jamaica Public Service 9.5% climbed $350 in closing at $3000 as investors exchanged 140 stock units and 138 Student Living preference share advanced $5 to end at $65 trading 33 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.