Stocks delivered solid gains at the close of trading on the Jamaica Stock Exchange Main Market on Thursday, following an 18 percent decreased trading volume with the value falling 81 percent lower than on Wednesday, with activities in 57 securities compared with 59 previously and leading to prices of 21 stocks rising, 19 declining and 17 ending unchanged.
The market closed with 7,270,315 shares trading for $49,987,155 from 8,830,318 stocks at $268,011,472 on Wednesday.
Trading averaged 127,549 shares at $876,968 compared with 149,666 stocks at $4,542,567 on Wednesday and month to date, an average of 231,235 units at $1,967,392 down on 256,172 shares at $2,229,646 on the previous day and October with an average of 205,025 stock units at $2,311,672.
Trading was led by Wigton Energy with 2.10 million shares for 28.9 percent of total volume followed by Transjamaican Highway with 1.24 million stock units for 17 percent of the day’s trade and QWI Investments with 1.13 million units for 15.6 percent market share.
The All Jamaican Composite Index advanced 3,204.71 points to end at 365,804.08, the JSE Main Index popped 2,259.74 points to 319,322.13 and the JSE Financial Index advanced 0.31 points to wrap up trading at 65.91. The Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and five with lower offers.The Main Market ended trading with an average PE Ratio of 14.5. 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, Barita Investments slipped 95 cents in closing at $75 clearing with 2,202 stocks the market, Carreras gained 48 cents to $11.88 as investors exchanged 379,482 units, Eppley lost $2.14 to end at $35.30, 169 shares crossing the market. First Rock Real Estate dipped 50 cents and ended at $10 with a transfer of 6,000 stock units, Jamaica Broilers popped $2.55 to close at $38.16, with 61,669 shares crossing the exchange, Kingston Wharves climbed 89 cents to finish at $28.48 with investors trading 550 stock units. Margaritaville sank 51 cents to $14.79, with just one unit changing hands, NCB Financial rose $1.75 in closing at $52.15 with traders dealing in 9,174 stocks, Pan Jamaica advanced $2.40 to finish at $49.50, with 100 shares passing through the market. Proven Investments rallied $2.55 and ended at $19.99 after investors ended trading 10,505 stocks and Supreme Ventures increased $1.59 to close at $22.80 after an exchange of 92,318 units.
In the preference segment, Eppley 7.50% preference share dropped 98 cents to end at $5.57 with investors trading 1,000 stock units and 138 Student Living preference shares shed $17 to $193 after six shares were traded.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.