Stock trading climbs on JSE Main Market


The Jamaica Stock Exchange Main Market dropped on Wednesday following a steep 83 percent rise in the volume of stocks traded rising with the value surging 247 percent over Tuesday’s level and ending with trading in 56 securities down from 59 on Tuesday, with prices of 20 stocks rising, 22 declining and 14 ending unchanged.

The market closed with 10,953,752 shares trading for $119,800,922 up from 5,969,741 stocks with a value of $34,563,641 on Tuesday. Trading ended with an average of 195,603 shares at $2,139,302 compared to 101,182 stock units at $585,824 on Tuesday. Trading month to date, ended with an average of 214,823 units at $1,987,830 just marginally different than the 217,104 shares trading at $1,969,859 on the prior day and October with an average of 205,025 stock units at $2,311,672.

Sygnus Credit Investments led trading with 2.57 million shares for 23.5 percent of total volume followed by Sagicor Select Financial Fund with 1.81 million stock units for 16.5 percent of the day’s trade and Transjamaican Highway with 1.32 million units for 12 percent of market share, with the stock closing at a record close of $3.75.                           

The All Jamaican Composite Index shed 2,372.43 points to settle at 359,090.31, the JSE Main Index dipped 3,081.90 points to close at 311,271.77 and the JSE Financial Index dipped 0.22 points to conclude trading at 64.67. The Investor’s Choice bid-offer indicator shows 17 stocks ended with bids higher than their last selling prices and just six with lower offers.

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.
At the close of market activity, AS Bryden dropped $2.89 to $31.11 with 183 shares changed hands, Caribbean Cement gained $1 in closing at $70 with 10,474 shares clearing the market, Carreras sank 62 cents to finish at $11.03 in switching ownership of 666,816 shares. Guardian Holdings declined $4 and ended at $310 as investors exchanged 9,519 units, JMMB Group rose 55 cents to end at $22.80 with 60,133 units clearing the market, Massy Holdings sank $3.89 to close at $70.11 with 9,031 shares being traded. Proven Investments shed $1.83 to $17 with 45,481 stock units crossing the market, Scotia Group lost $1 to settle at $47 with investors dealing in 172,270 stocks and Supreme Ventures rallied $1.10 to finish at $22.47 with 16,662 units changing hands.

In the preference segment, 138 Student Living preference share skidded $54.01 and ended at $209.99 with investors trading 88 stocks after it traded at an intraday 52 weeks’ high of $303.60.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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