Trading jumps on JSE Main Market

Trading activity picked up on the Jamaica Stock Exchange Main Market ended on Thursday, but still remained dismally low even with the volume of stocks traded rising 57 percent and the value jumping 55 percent more than on Wednesday, following trading in 58 securities, up from 53 on Wednesday, with 22 rising, 18 declining and 18 ending unchanged.
A total of 6,370,228 shares were traded for $39,980,722 compared with 4,057,118 units at $25,768,191 on Wednesday.
Trading averaged 109,832 shares at $689,323 versus 76,549 shares at $486,192 on Wednesday and month to date, an average of 263,942 units at $1,644,181, compared with 277,403 units at $1,727,587 on the previous day. September closed with an average of 218,512 units at $1,768,691.
Wigton Windfarm led trading with 2.04 million shares for 32 percent of total volume followed by Sagicor Select Financial Fund with 1.35 million units for 21.2 percent of the day’s trade and JMMB Group 7.35% – 2028 with 529,471 units for 8.3 percent market share.
The All Jamaican Composite Index popped 3,669.02 points to settle at 347,821.93, the JSE Main Index increased 2,954.52 points to conclude trading at 315,397.91 and the JSE Financial Index popped 0.59 points to 69.50.
The Main Market ended trading with an average PE Ratio of 12.1. 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 five with lower offers.
At the close, Berger Paints rallied 44 cents to close at $7.44 with an exchange of 130 shares, Caribbean Cement advanced $1 and ended at $50 in trading 2,304 stock units, General Accident increased 71 cents to end at $5.72 with stakeholders exchanging 12,882 units, GraceKennedy declined 77 cents in closing at $72.23, with 56,996 stocks changing hands. Jamaica Broilers dropped 52 cents to $33.48 in an exchange of 11,241 stock units, Jamaica Producers skidded 50 cents to end at $19.50 after an exchange of 109 shares, Jamaica Stock Exchange lost $1.21 to a 52 weeks’ closing low $8.11, with 230,481 units crossing the market, Kingston Wharves shed $1.30 to close at $25.70 in an exchange of 1,668 stocks. Massy Holdings dipped 60 cents to $96.50 with 1,251 shares clearing the market, Mayberry Investments rose 45 cents and ended at $7.45 after 75 stock units passed through the market, but before the company released nine months result with a $985 million loss for the third quarter and $693 million loss for the nine months, after reporting big investment losses in both periods. MPC Caribbean Clean Energy climbed $9 in closing at $90 while exchanging 56 stocks, NCB Financial fell $1.01 to $63.99 as investors exchanged 97,603 units, Pan Jamaica popped $2.10 to close at $50.10 in switching ownership of 90 shares, Sagicor Group dipped 98 cents and ended at $43.50 and closed with an exchange of 4,169 stock units. Scotia Group gained 95 cents to end at $34.70 with traders dealing in just 2,800 stocks, Seprod rallied $4.74 to $70 with shareholders swapping 55,404 units, Supreme Ventures popped 50 cents in closing at $26.75 after 3,600 shares crossed the exchange and Wisynco Group gained $1.40 to end at $19.50 with a transfer of 293,089 stocks.
In the preference segment, Productive Business Solutions 10.5 % preference share jumped $54 to close at $1100 after trading 19 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.