Trading jumped on the JSE Main Market

Trading jumped on the Jamaica Stock Exchange Main Market on Wednesday, with the volume of stocks traded rising 163 percent and the value 209 percent more than on Tuesday, with 52 securities trading compared with 54 on Tuesday, with 18 rising, 21 declining and 13 ending unchanged.
A total of 21,242,982 shares were traded for $150,463,331 up from 8,077,700 units at $48,668,636 on Tuesday.
Trading averaged 408,519 shares at $2,893,526 compared with 149,587 shares at $901,271 on Tuesday and month to date, an average of 243,186 units at $1,759,478, compared with 165,733 units at $1,228,213 on the previous day. September closed with an average of 218,512 units at $1,768,691.
Carreras led trading with 12.74 million shares for 60 percent of total volume followed by Transjamaican Highway with 3.84 million units for 18.1 percent of the day’s trade with the stock hitting a record close of $2.87, Wigton Windfarm ended with 1.40 million units for 6.6 percent market share and Sagicor Select Financial Fund with 1.11 million units for 5.2 percent of the total volume.
The All Jamaican Composite Index lost 1,589.24 points to end at 351,459.43, the JSE Main Index shed 2,331.49 points to settle at 320,948.76 and the JSE Financial Index slipped 0.93 points to settle at 71.06.
The Main Market ended trading with an average PE Ratio of 12.2. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and eight with lower offers.
At the close, Barita Investments skidded 34 cents to end at $75.10 and closed with and exchange of 50,951 shares, Caribbean Producers dropped 42 cents to close at $10.28 while exchanging 4,161 units, First Rock Real Estate gained 30 cents and ended at $8 with 31 stock units changing hands, General Accident fell 74 cents to $5.25 trading 44,463 stocks. GraceKennedy rallied 50 cents in closing at $75.50 in switching ownership of 23,408 stocks, Jamaica Stock Exchange rose 30 cents in closing at $9.90, with 16,015 stock units clearing the market, Kingston Properties advanced 37 cents to end at $6.77 after an exchange of 89 units, Kingston Wharves climbed 41 cents to $30, with 1,868 shares crossing the market. Mayberry Investments rose 43 cents and ended at $7.43 after exchanging 63,649 stocks, NCB Financial lost $2.99 to close at $64.51 as investors exchanged 13,632 stock units, Proven Investments declined 36 cents to close at $20.15 after a transfer of 3,389 units, Salada Foods popped 35 cents and ended at $3 with shareholders swapping 9,800 shares. Scotia Group rallied 44 cents to end at $33.94 in trading 81,862 units, Seprod popped $4.18 in closing at $74.18 with an exchange of 1,233 stock units and Wisynco Group increased $1.12 to $18.45 in an exchange of 345,315 stocks.
In the preference segment, Eppley 7.50% preference share climbed 42 cents to $6.01 with investors dealing in 473 shares, 138 Student Living preference share advanced $15.32 and ended at $120.32 one share changing hands and Productive Business Solutions 9.75% preference share shed $2 to close at $98 with a transfer of 69 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.