Trading on Wednesday delivered more gains for a third day on the Jamaica Stock Exchange Main Market late into the final moments ahead of the close and ended with the volume of stocks traded declining 13 percent and the value 33 percent lower than on Tuesday, with trading in 64 securities up from 60 on Tuesday, with prices of 24 stocks rising, 19 declining and 21 ending unchanged.
The market closed with 23,114,868 shares trading for $103,556,387 from 26,500,977 stocks at $154,386,911 on Tuesday. Trading averaged 361,170 shares at $1,618,069 compared with 441,683 stock units at $2,573,115 on Tuesday and for the month to date, an average of 275,256 stock units at $2,382,196 compared with 270,088 shares at $2,428,159 on the previous day and October with an average of 205,025 stock units at $2,311,672.
Wigton Energy led trading with 6.71 million shares for 29 percent of total volume followed by Transjamaican Highway with 6.30 million stock units for 27.3 percent of the day’s trade, Sagicor Select Financial Fund with 5.14 million stock units for 22.2 percent of market share and JMMB 9.5% preference share with 1.09 million units for 4.7 percent of total volume.
The All Jamaican Composite Index increased 1,143.50 points to settle at 365,720.38, the JSE Main Index increased 366.95 points to 318,587.27 and the JSE Financial Index popped 0.13 points to conclude trading at 64.40. The Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and four with lower offers.The Main Market ended trading with an average PE Ratio of 14. 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, Berger Paints fell $1.54 to close at $7.01 after an exchange of 5,856 shares, Caribbean Cement rallied $2.55 and ended at $73.75 in trading 518 stocks, GraceKennedy lost 76 cents to close at $77.50 with 129,783 shares changing hands. Guardian Holdings popped $11 to end at $311 with investors dealing in 15 stock units, Jamaica Producers advanced 52 cents in closing at $23.52 after trading of 5,753 shares, JMMB Group rose 49 cents to finish at $22.49 in an exchange of 94,201 stock units. Margaritaville climbed 55 cents and ended at $15.10 after 160 stocks changed hands, Massy Holdings increased $1.95 to $79.95 with a transfer of 650 units, Pan Jamaica gained 75 cents to close at $51.75 with 102,595 stocks crossing the market. Sagicor Group popped $1 to finish at $38 after a transfer of 27,011 units, Salada Foods increased 41 cents to end at $3.51 with traders dealing in 3,277 shares, Scotia Group skidded 48 cents in closing at $46.02 in switching ownership of 23,563 stock units. Seprod sank 60 cents to $84 with investors trading 4,823 shares, Stanley Motta shed 45 cents and ended at $6.50 after an exchange of 19,812 units and Sygnus Real Estate Finance climbed 44 cents to end at $11.44 after 10,180 stocks passed through the market.
In the preference segment, Eppley 7.50% preference share rose 47 cents in closing at $5.99 with 8,008 stock units crossing the exchange, Jamaica Public Service 7% rallied $3.70 to close at $43.70 with investors swapping 4,050 shares,
Jamaica Public Service 9.5% declined $29.99 to finish at $2,860 with 10 stocks crossing the market and Productive Business Solutions 10.5% preference share gained $15 to land at $1,050 as investors exchanged 100 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
In the preference segment, Eppley 7.75% preference share shed $2.57 to finish at $20.20 with 221 stocks clearing the market.
In the preference segment, Eppley 7.75% preference share advanced $5.60 to end at $22.77 with a transfer of 87 stocks, Jamaica Public Service 9.5% gained $204.99 to end at $2,889.99 in an exchange of just 3 units and 138 Student Living preference share popped 42 cents to finish at $236.42 with traders dealing in 50 stock units.
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.