Steady trading on the JSE Main Market

Trading activity was steady on the Jamaica Stock Exchange Main Market on Wednesday, with the volume of stocks traded virtually the same as the day before but with a value that was 31 percent more than on Tuesday, with trading in 54 securities compared with 51 on Tuesday, as the market closed with prices of 15 stocks rising, 21 declining and 18 ending unchanged.
A total of 6,457,532 shares were traded for $38,558,222 compared to 6,426,800 units at $29,546,040 on Tuesday.
Trading averaged 119,584 shares at $714,041 compared to 126,016 units at $579,334 on Tuesday. Trading for the month to date, averages 146,984 units at $1,215,126 compared to 150,457 units at $1,278,643 on the previous day. November closed with an average of 275,587 units at $2,488,949.
Transjamaican Highway led trading with 1.95 million shares for 30.3 percent of total volume followed by Wigton Windfarm with 1.43 million units for 22.1 percent of the day’s trade and Sagicor Select Financial Fund with 1.14 million units for 17.6 percent of the day’s trade.
The All Jamaican Composite Index increased 384.80 points to wrap-up trading at 346,482.52, the JSE Main Index skidded 173.48 points to end at 310,953.91 and the JSE Financial Index remained at 67.44.
The Main Market ended trading with an average PE Ratio of 12.9. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and eight with lower offers.
At the close of trading, AS Bryden lost 32 cents to close at $29.08, with 391 stocks crossing the market, Berger Paints rallied 64 cents to $6.64 with a transfer of 100 units, Eppley fell $2.49 in closing at $33 with 115 shares crossing the exchange. Eppley Caribbean Property Fund shed 50 cents to end at $39, with 877 stock units changing hands, GraceKennedy rose $2 and ended at $76 with investors trading 170,596 shares, Guardian Holdings climbed $2 to $392, with 100 stocks crossing the market. Jamaica Broilers popped 40 cents to close at $33.90 with stakeholders exchanging 31,624 units, JMMB Group dropped 75 cents to end at $25 after a transfer of 20,610 stock units, Kingston Wharves advanced $1.41 in closing at $28.41 with investors dealing in 326 shares. Massy Holdings skidded $1.44 and ended at $88.50 after trading 7,907 units, NCB Financial declined $1.85 to $65.10 as investors exchanged 18,211 stocks, Pan Jamaica dipped 50 cents in closing at $49 in the trading of 4,724 stock units. Proven Investments gained 41 cents to end at $23.41 after an exchange of 1,178 shares, Sagicor Group lost $1.98 and ended at $40 after 3,134 stocks passed through the market, Seprod increased 73 cents to close at $70.73 while exchanging 3,149 units. Supreme Ventures dipped 39 cents to $24.51, with 57,191 stock units clearing the market and Sygnus Credit Investments climbed 73 cents to close at $11.43 in an exchange of 39,186 shares,
In the preference segment, Eppley 7.50% preference share increased $1.26 and ended at $6.76 with traders dealing in 29 stocks. Jamaica Public Service 7% fell $1.50 to end at $44.50 after an exchange of 447 units, JMMB Group 7% preference share popped 45 cents in closing at $2.49 with 2 stock units changing hands and Productive Business Solutions 9.75% preference share skidded $11.15 to $105 in an exchange of 10 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.