Main Market rallies

Market activity ended on Wednesday, with the volume of shares trading declining 17 percent and the value jumping 159 percent higher than on Tuesday at the close of the Jamaica Stock Exchange Main Market as the market indices rose moderately.
The All Jamaican Composite Index rallied 1,681.76 points to settle at 434,587.17, the  JSE Main Index and the JSE Financial Index rose 0.66 points to settle at 93.97. Trading ended with 57 securities compared to 55 on Tuesday, with 26 rising, 24 declining and seven ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.1. The PE ratios for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending to August 2022.
Overall, 33,966,132 shares traded for $614,323,672 versus 41,007,581 units at $237,565,083 on Tuesday. Radio Jamaica led trading with 11.11 million shares for 32.7 percent of total volume, followed by Wigton Windfarm, 8.46 million units, with 24.9 percent of the day’s trade. JMMB Group ended with 5.23 million units for 15.4 percent market share, Transjamaican Highway chipped in with 1.66 million units for a 4.9 percent market share. Carreras traded 1.42 million units for a 4.2 percent market share and JMMB Group 7.35% – 2028, after an exchange of 1.16 million units for 3.4 percent market share.
Trading averages 595,897 units at $10,777,608, compared to 745,592 shares at $4,319,365 on Tuesday and month to date, an average of 474,898 units at $6,184,700, compared to 466,578 units at $5,868,903 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 ten stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close, Barita Investments climbed $1.35 to close at $91 after trading 57,043 shares, Berger Paints rose 40 cents to $12 in an exchange of 201 units, Caribbean Cement lost $2.50 in ending at $67.50 with 10,353 stocks changing hands. Eppley fell 71 cents in closing at $41.99 in switching ownership of 1,472 stock units, Eppley Caribbean Property Fund declined $2.60 to $38.10 after exchanging 1,711 shares, GraceKennedy rallied $1.40 to $103.50, with 576,122 stock units crossing the exchange. Guardian Holdings popped $5 to end at $550 after 18,151 units passed through the market, Jamaica Producers dropped $1.77 to close at $21.53, with 6,327 stocks changing hands, Jamaica Stock Exchange rose 30 cents to $17.30 in an exchange of 17,154 units. JMMB Group advanced 50 cents in closing at $42.50 after exchanging 5,226,226 stock units, Kingston Properties increased $1.30 to close at $9.50 in an exchange of 4,861 stocks, Kingston Wharves shed $2.92 to $39.03 after 5,995 shares changed hands. NCB Financial rallied $1.48 to end at $113.50 with the swapping of 16,089 stock units, Palace Amusement increased $40 in closing at $990 while exchanging 34 units, PanJam Investment declined 91 cents after ending at $66.09 and trading 101,777 stocks. Portland JSX climbed 32 cents in ending at $8.49, with 1,199 shares clearing the market, Proven Investments popped $2 in closing at $36 with an exchange of 12,456 stock units, Scotia Group dropped 30 cents to end at $34.50 with an exchange of 165,558 units. Seprod gained $7.43 to close at $57.95 after 103,417 stocks crossed the market, Supreme Ventures fell 55 cents to $17.95 in switching ownership of 4,940 shares, Sygnus Real Estate Finance lost 99 cents in ending at $16.01 as 3,536 shares changed hands.
In the preference segment, 138 Student Living Preference share rose $1.14 to close at $9.24 after exchanging 109 stocks, Jamaica Public Service 9.5% shed $947.69 to $2650, with 58,119 stock units crossing the exchange and JMMB Group 7.25% preference share advanced 49 cents in closing at $2.80 in an exchange of 355 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.