Trading activity on the Jamaica Stock Exchange Main Market ended on Tuesday with a 53 percent fall in the volume of stocks traded with the value ending 88 percent lower than on Monday following trading in 53 securities compared to 57 on Monday, with 22 rising, 18 declining and 13 ending unchanged.
A total of 5,344,520 shares were exchanged for a mere $29,834,911 compared with 11,450,226 units at $243,197,157 on Monday.
Trading averaged 100,840 units at $562,923 versus 200,881 shares at $4,266,617 on Monday and month to date, an average of 173,546 units at $2,176,105 compared to 181,268 units at $2,347,445 on the previous day. Trading in January closed with an average of 205,236 units at $1,805,558.
Wigton Windfarm led trading with 2.0 million shares for 37.4 percent of total volume followed by Transjamaican Highway with 1.30 million units for 24.2 percent of the day’s trade and Carreras with 511,278 units for 9.6 percent market share.
The All Jamaican Composite Index advanced 2,011.35 points to 381,415.78, the JSE Main Index rose 1,590.42 points to end at 336,737.30 and the JSE Financial Index gained 0.42 points to close at 80.62.
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 2022 and August 2023.
Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Berger Paints fell 60 cents to close at $9.30 trading 6,512 shares, Caribbean Cement shed 50 cents to end at $57.50 with a transfer of 3,192 units, Eppley Caribbean Property Fund rallied $6 in closing at $48 after 408 stock units passed through the market. Jamaica Broilers rose 50 cents to close at a 52 weeks’ high of $33 with an exchange of 109,861 stocks, Jamaica Stock Exchange popped 65 cents to finish at $14.90 after trading 15,826 units, 
JMMB Group rallied 50 cents to $32.50 with 43,177 shares crossing the exchange. Palace Amusement climbed $75 to $2,400 in transferring 61 stock units, Sagicor Group lost 40 cents to settle at $53.10 after 14,875 stocks changed hands, Scotia Group advanced 50 cents to $34.50 with the swapping of 9,074 shares. Seprod gained 50 cents to close at $65.50 after investors traded 12,402 stocks, Stanley Motta dipped 51 cents to end at $4.31 closed with 1,888 stock units changing hands and Wisynco Group gained 53 cents in closing at $17.78 in switching ownership of 115,243 units.
In the preference segment, Eppley 7.75% preference share advanced $2 to close at $20 as investors exchanged 55 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Main Market stocks gains
February 14, 2023 by IC Insider.com
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Caribbean Producers, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group
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