Trading delivered a 49 percent surge in the volume of stocks traded on Wednesday with a mere 6 percent higher value than on Tuesday, with JPS 9.5% preferred shares accounting for 45 percent of the value traded on the Jamaica Stock Exchange Main Market, following activities in 63 securities down from 64 on Tuesday, with prices of 19 rising, 27 declining and 17 ending unchanged.
The market closed with trading of 31,085,446 shares with a value of 577,400,450 compared to 20,801,626 stocks at $546,832,127 on Tuesday.
Trading ended with an average of 493,420 shares at $9,165,087 up from 325,025 stocks at $8,544,252 on Tuesday and for the month to date, an average of 192,962 units at $2,296,822 from 176,921 shares at $1,930,127 on the previous day and well below September with an average of 592,167 stock units at $8,859,784 each.
Sagicor Select Financial Fund led trading with 11.31 million shares for 36.4 percent of total volume followed by Wigton Windfarm with 3.41 million stocks for 11 percent of the day’s trade, Kingston Wharves closed with 2.59 million units for 8.3 percent market share, Transjamaican Highway ended with 2.55 million shares for 8.2 percent market share, Jamaica Producers finished with 2.41 million stock units for 7.7 percent market share and Sterling Investments with 1.91 million units for 6.2 percent of total volume.
The All Jamaican Composite Index dropped 1,773.41 points to wrap up trading at 360,523.29, the JSE Main Index sank 1,652.50 points to end at 312,776.69 and the JSE Financial Index slipped 0.52 points to finish at 65.39. The Investor’s Choice bid-offer indicator shows 15 stocks ended with bids higher than their last selling prices and two with lower offers.
The Main Market ended trading with an average PE Ratio of 14.3. 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, Barita Investments advanced 95 cents to finish at $75.95 after 5,124 shares passed through the market, Caribbean Cement rose 48 cents and ended at $72.48 after an exchange of 13,659 stocks, Eppley shed $4.44 to $33 after trading 143 shares. General Accident sank 79 cents to end at $6 with 2,132 stock units crossing the exchange,
GraceKennedy skidded 65 cents in closing at $73.30 with 225,867 shares changing hands, Guardian Holdings sank $9 to close at $305 with investors trading 710 units. Jamaica Broilers declined $1.99 to $35 with 930,147 stocks clearing the market, Kingston Wharves lost $2.35 to finish at $25.50 in an exchange of 2,591,500 stock units, Massy Holdings dropped $3 and ended at $74 with investors swapping 6,046 shares. 138 Student Living gained 55 cents to end at $4.55 with an exchange of 40,031 stock units, Pan Jamaica popped 50 cents in closing at $49.50 with 450,465 stock units crossing the market, Proven Investments rallied $1.25 to close at $20 as investors exchanged 52,132 units and Scotia Group fell 50 cents to $45 and closed with an exchange of 589,834 shares.
In the preference segment, Eppley 7.25% preference share increased 60 cents to close at $19.60 with investors dealing in 350,000 units, Jamaica Public Service 7% slipped $4.89 in closing at $40.11 after an exchange of 12 stocks and 138 Student Living preference share climbed $12.26 and ended at $212 with a transfer of 201 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.