Main Market trading climbs on the JSE

Trading picked up on the Jamaica Stock Exchange Main Market on Wednesday, with 60 securities trading compared to 57 on Tuesday, with the volume of stocks traded rising 43 percent with a 16 percent more value than on the preceding day but ended with more stocks declining as increasing. 
Overall, 11,320,379 shares were traded for $157,629,727 compared to 7,889,885 units at $136,235,111 on Tuesday. Trading averages 188,673 units at $2,627,162, versus 138,419 shares at $2,390,090 on Tuesday and month to date, an average of 164,961 units at $1,643,100, compared to 163,533 units at $1,583,820 on the previous trading day. June closed with an average of 281,913 units at $5,309,050.
Wigton Windfarm led trading with 2.50 million shares for 22.1 percent of total volume, followed by Sagicor Select Financial Fund with 2.34 million units for 20.7 percent of the day’s trade, Jamaica Broilers had an exchange of 1.70 million units for 15 percent market share, Transjamaican Highway ended with 1.16 million units for 10.2 percent of the market trades and JMMB Group 7.35% – 2028 with 1.01 million units for 8.9 percent of trading.
The All Jamaican Composite Index fell 816.34 points to 430,308.55, the JSE Main Index lost 599.23 in closing at 376,569.23 and the JSE Financial Index slipped 0.16 points to 89.81. Trading ended, with 21 rising, 25 declining and 14 ending unchanged.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years, ending to the close of August 2023.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and three stocks with lower offers.
At the close, Eppley Caribbean Property Fund jumped $2.53 to $43.23 exchanging 107 shares, Guardian Holdings dropped $11.99 to $506, with 1,038 stocks changing hands, Jamaica Producers popped 49 cents to end at $22.49 in exchanging 7,946 stock units. Jamaica Stock Exchange lost 55 cents to close at $17.40 after 29,411 units crossed the exchange, Kingston Properties rose 48 cents in closing at $7.47 in exchanging 42,948 units, Kingston Wharves declined 35 cents to end at $37.65 in an exchange of 4,713 stock units. Massy Holdings shed 99 cents to close at $90.01 in trading 480,682 stocks, Mayberry Investments fell 79 cents to $9.80, with 49,368 shares crossing the market, Mayberry Jamaican Equities dropped 50 cents to $15 with an exchange of 35,964 shares. MPC Caribbean Clean Energy advanced $4 to $85 with the swapping of 750 units, NCB Financial rallied $2.43 to $97.50 after exchanging 72,234 stocks, 138 Student Living climbed 61 cents to $5 by trading 2,002 stock units. PanJam Investment gained $1.50 in closing at $65 in switching ownership of 369 units, Portland JSX climbed $1.30 to close at $9.80 after an exchange of 3,000 shares,Proven Investments declined 49 cents to end at $33.50, with 3,506 stock units crossing the market. Seprod lost $2.93 to end at $68.07 after 834 stocks changed hands, Supreme Ventures shed 60 cents to close at $30 with 103,257 stocks clearing the market, Sygnus Credit Investments increased 43 cents ending at $13.95 after trading 30,742 units and Sygnus Real Estate Finance fell $1.85 in closing at $11 while exchanging 5,281 stock units.
In the preference segment, JMMB Group 7.15% – due 2028, rose 40 cents to end at $3.40 after an exchange of 101,000 shares, 138 Student Living preference share continued its incredible but irrational rise by gaining $5.10 to close at a record $39.10 in trading 323 stock units and Productive Business Solutions 9.75% preference share advanced $24.49 in closing at $104.50 trading one share.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.