Trading activity on the Jamaica Stock Exchange Main Market ended on Wednesday, with the volume of stocks traded declining 75 percent accompanied by an 83 percent fall in the value compared with that on Tuesday, after 57 securities were traded compared with 55 on Tuesday, and resulting in the prices of 19 rising, 23 declining and 15 ending unchanged.
A total of 7,774,565 shares were traded for $103,833,504, down from 31,469,005 units at $596,839,341 on Tuesday.
Trading averaged 136,396 shares at $1,821,640 compared with 572,164 stocks at $10,851,624 on Tuesday. The average trade month to date is 347,633 shares at $5,082,435 versus 362,797 units at $5,316,522 on the previous day. May closed with an average of 226,361 shares at $1,362,447.
Transjamaican Highway led trading with 1.61 million shares for 20.6 percent of total volume followed by QWI Investments with 1.17 million units for 15 percent of the day’s trade, Sagicor Select Financial Fund ended with 1.16 million units for 14.9 percent market share and NCB Financial with 1.09 million units for 14 percent of total volume.
The All Jamaican Composite Index rose 1,549.13 points to settle at 362,600.97, the JSE Main Index increased 2,357.50 points to end at 327,310.05 and the JSE Financial Index rallied 0.24 points to 73.32.
The PE Ratio, a formula used to compute appropriate stock values, averages 13 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows 15 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Eppley Caribbean Property Fund lost $2.48 to close at $38.52 after 550 shares passed through the market, Guardian Holdings rallied $2.60 in closing at $453 after traders exchanged 995 stocks, Kingston Wharves dipped $1.94 to end at $28.01 with shareholders swapping 505 stock units. Massy Holdings jumped $6 to end at $101 in an exchange of 9,628 units, Mayberry Investments declined 87 cents and ended at $8.13 with investors transferring 22,278 stock units, NCB Financial rose 79 cents to $68 following the trading of 1,086,879 shares. 138 Student Living advanced 31 cents to end at $4.96 with a transfer of 1,207 shares, Pan Jamaica dipped 98 cents to $49 after trading 87,688 stocks, Sagicor Group climbed $1.99 in closing at $50.49 after an exchange of 27,382 units. Scotia Group gained 30 cents and ended at $34.80 in an exchange of 4,129 shares, Stanley Motta shed 38 cents to $4.80, with 59,495 stocks clearing the market and Sterling Investments fell 50 cents to close at $2.20 while exchanging 86,071 stock units.
In the preference segment, Jamaica Public Service 7% popped $8.45 in closing at $64.80, with 1,170 stocks crossing the market and Productive Business Solutions 9.75% preference share popped $1 to end at $92, with 1,040 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.