More stocks rose than fell on JSE Main Market

Rising stocks dominated trading over those declining at the close of market activity on the Jamaica Stock Exchange Main Market on Wednesday, following the trading of 53 securities similar to Tuesday, with 20 rising, 16 declining and 17 ending unchanged and leading to the volume of stocks traded rising 189 percent with a 16 percent increase in value over Tuesday.
Investors traded 18,798,375 shares for $73,598,833, up from 6,498,000 units at $63,227,582 on Tuesday.
Trading averaged 354,686 units at $1,388,657, versus 122,604 shares at $1,192,973 on Tuesday and month to date, an average of 164,430 units at $1,431,754 versus 153,373 units at $1,434,259 on the previous day. September closed with a much higher average of 533,719 units at $5,494,282.
Wigton Windfarm led trading with 12.52 million shares for 66.6 percent of total volume followed by Transjamaican Highway with 1.21 million units for 6.4 percent of the day’s trade and JMMB Group 7.5% closed with 788,231 units for 4.2 percent market share.
The All Jamaican Composite Index climbed 1,114.65 points to 402,126.05, but the JSE Main Index slipped 386.11 points to 351,278.97 and the JSE Financial Index rallied 0.15 points to settle at 84.69.
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 and August 2023.
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, Barita Investments declined 80 cents to $101.16 after an exchange of 3,272 shares, Caribbean Cement dipped 85 cents to $57.90 after a transfer of 4,574 units, Caribbean Producers rose 42 cents to end at $13.60 with investors transferring 40,723 stocks. First Rock Real Estate rallied 49 cents to close at $14.49 after trading 3,375 stock units, JMMB Group fell $1 in closing at $37.50, with 163,830 stock units crossing the market, Kingston Wharves advanced $1.05 to $36.25, with a change in ownership of 34,654 shares. Massy Holdings dropped $4.85 to close at $80.15, with 878 units crossing the exchange, Mayberry Investments fell 59 cents to $7.86 in trading 28,550 stocks, NCB Financial popped 80 cents in closing at $86 after an exchange of 217,528 stock units. PanJam Investment gained $1.88 to end at $56.88 in exchanging 1,554 stocks, Proven Investments shed $1.49 to close at a 52 weeks’ low of $28.51 as investors exchanged 25,450 shares, Sagicor Group increased 99 cents to end at $50.99 in an exchange of 1,933 units and Sygnus Real Estate Finance climbed $1.31 to $10.31 with the swapping of 2,941 units.
In the preference segment, 138 Student Living preference share shed $13.96 in closing at $46.04 in exchanging 100 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.