Trading climbs on JSE Main Market

Trading activity on the Jamaica Stock Exchange Main Market ended on Wednesday, with the volume of stocks traded rising 138 percent, valued 43 percent more than on Tuesday, with 56 securities trading compared to 56 on Tuesday, with 18 rising, 22 declining and 16 ending unchanged.
A total of 19,169,248 shares were traded for $107,354,551, up from 8,067,288 units at $74,863,539 on Tuesday.
Trading averaged 342,308 shares at $1,917,046, versus 144,059 shares at $1,336,849 on Tuesday and month to date, an average of 227,033 units at $1,025,770, compared with 215,806 units at $938,967 on the previous day. March closed with an average of 356,137 units at $3,015,416.
Transjamaican Highway led trading with 6.94 million shares for 36.2 percent of total volume as the price hit a record high of $1.76 and was followed by Wigton Windfarm with 4.34 million units for 22.6 percent of the day’s trade and Carreras with 2.89 million units for 15.1 percent market share.
The All Jamaican Composite Index dipped 2,286.40 points to 369,887.60, the JSE Main Index dropped 3,351.63 points to 331,310.13 and the JSE Financial Index fell 0.79 points to finish at 76.09.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.6 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last selling prices of stocks and earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
The Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and eight with lower offers.
At the close, Barita Investments popped $2.05 to $79.10 after 62,840 shares passed through the market, Caribbean Cement rallied 60 cents to end at $59.10, with 10,054 units changing hands, Eppley fell 79 cents in closing at $36.50 after a transfer of 276 stock units, Guardian Holdings dropped $10 to close at $475, with 5,213 stocks crossing the market. Jamaica Producers dipped $1 after ending at $21, after 106,910 shares passed through the market, Jamaica Stock Exchange gained 65 cents to end at $14.15 in trading 53,190 units, Kingston Wharves declined $2.75 to $31 with a transfer of 2,136 stock units, NCB Financial lost $2.99 to close at $71.50 while exchanging 82,898 stocks. Sagicor Group shed $2 in closing at $49, after 9,582 stock units switched owners, Scotia Group increased 97 cents to end at $34.99 as investors exchanged 194,297 shares, Seprod climbed $3.30 to end at $67 with investors transferring 6,342 stocks. Supreme Ventures lost 93 cents to end at $26.50 with an exchange of 16,835 units and Sygnus Real Estate Finance declined 85 cents to close at $9.30 with 10,185 stocks clearing the market.
In the preference segment, Jamaica Public Service 7% rose $4.65 to $35.65, with 57 units crossing the exchange, JMMB Group 7% preference share dropped 60 cents to $1.93 after an exchange of 1,473 stock units and 138 Student Living preference share shed $3.08 after ending at $74 and trading 42 stock units and Transjamaican Highway 8% fell 41 cents in closing at $3.09 with an exchange of 25,095 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.