Trading on Wednesday with a 160 percent jump in on the exchange of stocks traded on the Jamaica Stock Exchange Main Market, with the value slipping lower than on Tuesday, as Wigton Energy accounted for 39 percent of the total volume, following activities in 62 securities up from 61 on Tuesday, with falling stock raining down on the market with prices of only 13 rising, while 36 declined and d 13 ending unchanged with the market indices slipping at the close.
Market activity ended with 26,351,131 shares trading for $142,098,602 versus 10,151,849 stock units at $157,001,347 on Tuesday.
Trading averaged 425,018 shares at $2,291,913 compared with 166,424 stocks at $2,573,793 on Tuesday and month to date, an average of 257,493 units at $2,425,420 compared with 243,933 shares at $2,436,226 on the previous day and October that close with an average of 205,025 stock units at $2,311,672.
Wigton Energy led trading with 10.24 million shares for 38.9 percent of total volume followed by Lasco Distributors with 6.01 million stock units for 22.8 percent of the day’s trade, Transjamaican Highway with 3.08 million stocks for 11.7 percent of market share, Jamaica Producers with 2.85 million units for 10.8 percent market share and Sagicor Select Financial Fund with 1.24 million shares for 4.7 percent of total volume.
The All Jamaican Composite Index dipped 605.94 points to wrap up trading at 361,382.24, the JSE Main Index declined 518.65 points to settle at 314,306.69 and the JSE Financial Index sank 0.49 points to conclude trading at 64.27. The Investor’s Choice bid-offer indicator shows an elevated 21 stocks ending with bids higher than their last selling prices and just one with a lower offer, signs of a B market open on Thursday.The Main Market ended trading with an average PE Ratio of 13.9. 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 the market, AS Bryden lost $2 to end at $32 with an exchange of 3,434 stock units, Barita Investments shed 48 cents to close at $73.02 with 3,314 shares traded, Caribbean Cement shed $1.79 to $71.21 with a transfer of 9,511 stocks. Eppley fell 76 cents and ended at $32.12 with 3,489 units crossing the market, Eppley Caribbean Property Fund sank $4 to finish at $31 with investors trading 3,100 stocks, First Rock Real Estate popped 50 cents to close at $10.50 after a transfer of 1,161 shares. Guardian Holdings dipped $10 to $300 after investors ended trading 817 stock units, Jamaica Stock Exchange sank 68 cents in closing at $11.31 in an exchange of 10,225 units, JMMB Group slipped 69 cents to close at $22.41 with investors swapping 81,310 shares. Kingston Wharves skidded 67 cents to finish at $31.43 in an exchange of 3,328 stock units, Lasco Distributors declined 50 cents and ended at $4 with investors dealing in 6,007,261 stocks, Massy Holdings shed $3.49 to end at $74 after an exchange of 49,305 units. NCB Financial lost $1.11 in closing at $50.39 in trading 252,187 stocks, Pan Jamaica climbed 40 cents to $46.40 with 38,677 shares passing through the market, Proven Investments dipped $1 and ended at $17 as investors exchanged 78,682 stock units. Sagicor Group sank $1.10 to end at $39 with 25,761 units changing hands, Salada Foods slipped 40 cents to close at $3.11 with traders dealing in 8,693 shares, Seprod fell 79 cents to finish at $84 with 19,155 stocks crossing the market. Stanley Motta skidded 45 cents to $6.50 with investors trading 6,000 units, Supreme Ventures increased 97 cents to finish at $22.49 with 30,711 stock units crossing the exchange and Sygnus Credit Investments rallied 84 cents and ended at $12.99 with 48,265 shares switching owners. In the preference segment, Jamaica Public Service 7% sank $3.90 to end at $40.10 with 24 stocks clearing the market,
Productive Business Solutions 10.5% preference share rose $15 in closing at $1,050 after an exchange of 532 units and Sygnus Credit Investments C10.5% gained $1 to close at $102 after the trading of 1,821 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Reserves climbed by $200 million in September from August to a then record high. Although not stated, it appears that the rise is coming mainly from the proceeds of the bond issue supported by future airport rental income, with the Bank of Jamaica report showing claims on the government sector falling by nearly US$300 million in October, an indication that the rise in the NIR is related to the government.