Advancing stocks outnumbered declining ones in Wednesday activity on the Jamaica Stock exchange Main Market, but that was inadequate to prevent declines in the main indices, with the value and value of shares trading remaining below the norm and marginally close to Tuesday’s levels.
At the close, the All Jamaican Composite Index declined by 1,097.37 points to 435,029.23, the Main Index shed 989.18 points to 396,881.92 and the JSE Financial Index lost 0.31 points to settle at 104.07.
Trading ended with 43 securities changing hands compared to 42 on Tuesday and ended with the prices of 18 stocks rising, the prices of 13 declining and 12 remaining unchanged. The average PE Ratio ended at 15.9 based on ICInsider.com’s forecast of 2020-21 earnings.
Investors exchanged 7,285,081 shares for $47,227,362 compared to 7,460,379 units at $43,882,188 on Tuesday. Wigton Windfarm led trading with 40.2 percent of total volume, after exchanging 2.93 million shares, followed by Transjamaican Highway with 24.9 percent for 1.81 million units and Key Insurance with 7.8 percent market share for 570,244 units.
Trading averaged 169,420 units at $1,098,311 for each security, compared to an average of 177,628 shares at $1,044,814 on Tuesday. The average trade for the month to date is 173,476 units at $1,071,877 for each security. November averaged 623,120 units at $6,686,047.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows five stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Barita Investments dropped $3.65 to settle at $84.34, in trading 2,563 shares, Berger Paints gained 45 cents to close at $12.50, with investors swapping 9,140 stock units, Eppley closed 35 cents higher at $23.50, after exchanging 1,189 units. Eppley Caribbean Property Fund climbed $1 in closing at $41, with just one stock unit changing hands, Grace Kennedy rose 90 cents to $65 with an exchange of 343,453 shares, Jamaica Producers lost 75 cents to close at $21 trading 75,816 shares. Jamaica Stock Exchange shed 75 cents to close at $20, with investors switching ownership of 696 units, JMMB Group advanced by $1.78 to $35, after crossing the market with 47,814 shares, Key Insurance lost 66 cents to close at $10, as 570,244 shares passed through the market. Kingston Wharves climbed $1.09 to $48.20, with investors swapping 121 units, Mayberry Jamaican Equities fell $1.05 to $7.15, in an exchange of 204 units, Palace Amusement declined by $100 to end at $1,200, with the trading of one share. 
Pan Jam Investment ended $1.49 lower at $62.01, after exchanging 9,913 stock units, Proven Investments gained $1 to close at $37, with 3,309 units changing hands, Stanley Motta gained 35 cents to finish at $5.35, in trading 2,180 stocks. Supreme Ventures rose 47 cents to $17.50 in an exchange of 13,504 stock units, Sygnus Credit Investments advanced $1 to $17, with a transfer of 37,765 shares and Victoria Mutual Investments gained 34 cents in closing at $6.10 after investors switched ownership of 113,575 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
