Trading jumped on the Jamaica Stock Exchange Main Market on Wednesday, with Stanley Motta accounting for 20 million shares, helping to push the volume of stocks traded surging 86 on Tuesday, with prices of 21 rising, 24 declining and 16 ending unchanged.
The market closed with 37,327,357 shares trading with a market value of $341,399,968, compared with 20,075,573 units at $216,289,202 on Tuesday.
Trading averaged 611,924 shares at $5,596,721, rising from 329,108 stocks at $3,545,725 on Tuesday. Trading month to date ended with an average of 270,790 stock units for $2,877,907, slightly up from 231,749 shares at $2,566,748 on the previous day, and well below an average of 1,710,130 stock units at $16,217,430 in September.
Stanley Motta led trading with 20.01 million shares for 53.6 percent of total volume, followed by Transjamaican Highway, with 11.23 million stocks for 30.1 percent of the day’s trade, Wigton Energy closed with 2.64 million shares for 7.1 percent of the volume traded and Jamaica Producers with 1.01 million units for 2.7 percent of market share.
The All Jamaican Composite Index dived 5,130.22 points to close at 452,382.38, the JSE Main Index dropped by 4,344.70 points to finish at 378,024.27 and the JSE Financial Index fell 0.78 points to 74.88. At the close, the Investor’s Choice bid-offer indicator shows 10 stocks ending with bids higher than their last selling prices and three with lower offers.
The Main Market ended trading with an average PE Ratio of 15.9. ICInsider.com compiles the JSE Main Market PE ratios. These are derived by dividing the last traded stock price by earnings per share for companies with fiscal years ending around August 2027.
At the close of a day of increased trades, AS Bryden dipped $1.97 to end at $17.02 after 16,165 stock units were exchanged, Caribbean Cement increased 68 cents to close at $113.68, with 1,091 shares changing hands, Caribbean Producers climbed 40 cents to close at $7.46 in an exchange of 6,887 stocks. GraceKennedy lost $4.80 to end at $85, with 161,158 units clearing the market, Guardian Holdings shed $5 to finish at $370 with an exchange of 31 shares, NCB Financial fell $1 and ended at $71 after 81,965 units passed through the market. Pan Jamaica dropped 90 cents to close at $45, with 2,028 stocks crossing the exchange,
Proven Investments skidded by 54 cents to finish at $9.40 after trading of 13,091 stock units, Scotia Group rose $1.50 in closing at $71.50 in an exchange of 381,622 shares and Seprod rallied $1.94 to end at $79.96 with investors swapping 25,076 stocks.
In the preference segment, Eppley 7.75% preference share popped 89 cents in closing at $19.90 with a transfer of 10 units, Jamaica Public Service 9.5% slipped $100 and ended at $2,100 with an exchange of just 2 stock units. 138 Student Living preference share declined by $14.29 to finish at $215 with investors trading 8 shares and Productive Business Solutions 10.5% gained $50 to end at $1,200 after a transfer of just 1 stock.Prices of securities trading are those for the last transaction.