Trading on the Jamaica Stock Exchange Main Market ended on Wednesday, with the volume of stocks traded rising 164 percent and the value 13 percent more than on Tuesday, with trading in 57 securities versus 58 on Tuesday, with prices of 20 stocks rising, 20 declining and 17 ending unchanged.
The market closed after 26,967,121 shares were traded for $129,155,125 compared to 10,216,315 units at $114,195,348 on Tuesday.
Trading averaged 473,107 shares at $2,265,879 compared to 176,143 units at $1,968,885 on Tuesday and month to date, an average of 336,780 stocks at $3,175,830 compared with 317,641 units at $3,303,582 on the previous day and July with an average of 602,415 shares at $5,405,031.
Radio Jamaica led trading with 10.43 million shares for 38.7 percent of total volume followed by Carreras with 8.55 million stock units for 31.7 percent of the day’s trade, Transjamaican Highway with 2.39 million stocks for 8.9 percent market share, Wigton Windfarm with 1.82 million shares for 6.8 percent market share and JMMB Group 7.35% – 2028 with 1.16 million units for 4.3 percent of total volume.
The All Jamaican Composite Index shed 1,788.64 points to close at 347,994.96, the JSE Main Index dropped 768.55 points to settle at 307,919.27 and the JSE Financial Index declined 0.27 points to finish at 64.91.
The Main Market ended trading with an average PE Ratio of 13.8. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Eppley Caribbean Property Fund rallied $4.88 to end at $40.78, after 5 stocks passed through the market, First Rock Real Estate skidded 55 cents to $10.30 in trading 10,870 units, GraceKennedy rose $1.12 and ended at $74.12 with 62,376 shares crossing the market. Guardian Holdings gained $18 to finish at $358 with an exchange of 356 stock units, Kingston Properties sank 40 cents in closing at $9 with 1,900 shares crossing the market, Kingston Wharves dropped $1.50 to close at $27 with investors dealing in 2,247 stock units. 
Lasco Manufacturing popped 55 cents to $7.07 after an exchange of 846,677 stocks, Mayberry Jamaican Equities shed 51 cents to end at $9 with investors trading 195,745 units, Pan Jamaica declined $3.44 in closing at $46.51 in an exchange of 20,126 shares. Scotia Group climbed $1.70 to close at $44 with traders dealing in 70,224 units, Seprod increased $2.95 to finish at $82.95 as investors exchanged 2,259 stocks, Supreme Ventures sank 40 cents and ended at $20.60 in trading 28,597 stock units and Sygnus Real Estate Finance advanced $1.94 to $9.98, with 1,000 shares crossing the exchange.
In the preference segment, Eppley 7.50% preference share popped 53 cents to finish at $6.45 with investors trading 58 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Main Market trading jumps
August 14, 2024 by IC Insider.com
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, AS Bryden, Barita Investments, Berger Paints, Caribbean Cement, Caribbean Producers, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, General Accident, Grace Kennedy, Innovative Energy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Lasco Distributors, Lasco Manufacturing, Mayberry Group, 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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