Kingston Wharves & Scotia lift JSE 

Trading activity dropped sharply on the Jamaica Stock Exchange Main Market on Tuesday, with the volume of stocks traded declining 54 percent and the value 55 percent compared to Monday, with 52 securities trading down from 54 on Monday, with prices of 20 rising, 12 declining and 20 ending unchanged and resulted in Kingston Wharves and Scotia Group jumped more than $2 followed by Supreme Ventures with a rise over $1.
A total of 6,414,893 shares were traded for $41,595,803, far adrift from 14,060,598 units at $91,699,748 on Monday.
Trading averaged 123,363 shares at $799,919 versus 260,381 shares at $1,698,143 on Monday and month to date, an average of 176,649 units at $1,492,394, compared with 179,681 units at $1,531,791 on the previous day and down from August with an average of 316,608  stock units at $1,867,646.
Sagicor Select Financial Fund led trading with 1.76 million shares for 27.5 percent of total volume followed by Wigton Windfarm with 1.08 million units for 16.9 percent of the day’s trade, Transjamaican Highway with 1.01 million units for 15.8 percent market share and Jamaica Producers with 1.0 million units for 15.6 percent of total volume.
The All Jamaican Composite Index rallied 1,077.90 points to 345,469.37, the JSE Main Index rose 586.98 points to close at 316,392.26 and the JSE Financial Index slipped 0.34 points to 69.54.
The Main Market ended trading with an average PE Ratio of 12.3. 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 eight stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Berger Paints increased 57 cents to $7.72 while exchanging 4,030 shares, Caribbean Producers rose 57 cents in closing at $10.02 with just 1,452 stocks crossing the exchange, Eppley declined $1.50 to $35 in an exchange of 125 stocks. GraceKennedy fell 40 cents to close at $73 in an exchange of 6,523 units, Jamaica Stock Exchange rallied 50 cents and ended at $10, with 5,453 shares crossing the market, Kingston Properties dropped 78 cents in closing at $6.50 with investors exchanging 5,498 units. Kingston Wharves advanced $2.49 to $27.49, with just 32 stocks changing hands, Massy Holdings dipped 52 cents and ended at $103.88 with an exchange of 250 stock units, Mayberry Investments climbed 38 cents to close at $7.50 after investors traded 15,050 shares. Pulse Investments rose 39 cents to end at $2.39 with investors transferring 278,723 stocks, Scotia Group gained $2.05 in closing at $34.05 with a transfer of 1,941 units, Seprod skidded 41 cents and ended at $68.99 after 1,725 stocks passed through the market and Supreme Ventures increased $1.17 to end at $28.52 after exchanging 59,109 units.
In the preference segment, Eppley 7.50% preference share popped 43 cents to close at $6.58 after 201 shares were exchanged, Jamaica Public Service 7% lost $11.07 to close at $42 with shareholders swapping 1,650 stock units and Productive Business Solutions 10.5 % preference share jumped $195 to $1,215 with investors dealing in 21 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.