Trading on the Main Market of the Jamaica Stock Exchange on Thursday pulled back from a more robust market on Wednesday, with all indices rising as the market ended with the volume of stocks traded declining 23 percent and the value 68 percent lower than on Wednesday, with activities in 58 securities compared with 61 on Wednesday, with prices of 22 rising and exceeded 18 declining while 18 ended unchanged.
The market closed with 19,286,971 shares trading for $81,408,365 down from 24,970,016 stock units at $256,239,904 on Wednesday. Trading averaged 332,534 shares at $1,403,593 down from 409,345 stocks at $4,200,654 on Wednesday and for the month to date, an average of 407,819 units at $1,948,286 compared with 411,873 shares at $1,977,620 on the previous day and January with an average of 257,074 stock units at $2,582,065.Wigton Energy led trading with 5.04 million shares for 26.1 percent of total volume followed by Sagicor Select Financial Fund which ended with 4.48 million stocks for 23.2 percent of the day’s trade, Transjamaican Highway closed with 2.07 million stock units for 10.7 percent of the total volume, Radio Jamaica closed with 1.43 million units for 7.4 percent of the total trades, QWI Investments ended with 1.35 million units for 7 percent of the volume traded and Sterling Investments with 1.26 million units for 6.5 percent of market share.
The All Jamaican Composite Index rallied 2,547.41 points to 382,453.67, the JSE Main Index jumped 2,513.68 points to 331,147.32 and the JSE Financial Index rose 0.44 points to 68.76. The Investor’s Choice bid-offer indicator shows 12 stocks ending with bids higher than their last selling prices and three with lower offers.The Main Market ended trading with an average PE Ratio of 16. 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.
This major winners at the close of trading are AS Bryden, the Seprod controlled Trinidad based distributor climbed $1.35 to close at $33.35 followed by Caribbean Cement with the rise of $1.24 to $86.74, while lottery promotors, Supreme Ventures rose $1.10 to $20.50. Conglomerates GraceKennedy and Pan Jamaica gained $1 to close at $73.50 and $1 to close at $57 respectively and the light and power company Jamaica Public Service 7% preference share rose $1 to close at $46.
The university student housing providers 138 Student Living preference share was the biggest loser, with a loss of $19 tin closing at $290, and is followed by Productive Business Solutions preferred share dropped $5.95 and $96.05 also joining in the declining list is the Trinidadian head quartered Guardian Holdings close with a loss of $3 to finish at 304 and the Trinidad based and controlled conglomerate, Massy Holdings is down $2.50 to $80 and private equity financial institution, Sygnus Credit Investment ordinary share lost $0.70 to close at $12.23.