Trading jumps on JSE Main Market

Trading climbed on the Jamaica Stock Exchange Main Market on Tuesday with investors exchanging 37 percent more shares with the value surging 327 percent more than on Monday, from trading in 56 securities down from 59 on Monday, with 23 rising, 19 declining and 14 unchanged.
Investors traded 20,246,503 shares for $297,780,461 up from 14,762,179 units at $69,659,072 on Monday.
Trading averaged 361,545 units at $5,317,508 versus 250,206 shares at $1,180,662 on Monday and month to date, an average of 187,496 units at $2,112,843 compared to 175,080 units at  1,884,230 on the previous day. January closed with an average of 205,236 units at $1,805,558.
Wigton Windfarm led trading with 10.78 million shares for 53.3 percent of total volume followed by Wisynco Group with 2.50 million units for 12.3 percent of the day’s trade, Massy Holdings with 2.09 million units for 10.3 percent and Jamaica Broilers with 1.52 million units for 7.5 percent market share. The All Jamaican Composite Index shed 79.68 points to end at 375,406.28, the JSE Main Index dropped 105.61 points to settle at 332,427.42 and the JSE Financial Index lost 0.06 points to close at 79.33.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.5 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows 12 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Berger Paints jumped $1.65 to $9.90 after exchanging 53 shares, Caribbean Cement popped $1.24 to end at $58 after trading 7,068 stocks, Guardian Holdings rallied $4 to $515 with investors transferring 802 units. Jamaica Broilers advanced $2.78 to a 52 weeks’ high of $34 in switching ownership of 1,516,920 stock units, Jamaica Producers gained $1.65 in ending at $21.85 with the swapping of 14,000 stock units, Kingston Wharves rose $1.49 to close at $31.99 with seven shares changing hands. Mayberry Jamaican Equities fell 79 cents to end at $11.21 in switching ownership of 4,264 stocks, NCB Financial dipped 49 cents to close at $77.50 with the exchange of 15,205 units, Palace Amusement lost $1 in closing at $2,699 with a transfer of 439 stocks. Portland JSX rose 90 cents to $10.90 after an exchange of 17,347 shares, Proven Investments declined $1.22 in closing at $28 as investors traded 14,642 units, Sagicor Group shed 50 cents to $52.50, with 14,971 stock units crossing the market. Scotia Group advanced $1.75 to $34 with an exchange of 307,103 stocks, Sterling Investments popped 44 cents to close at $2.90 after trading 79,998 shares, Supreme Ventures gained 80 cents to finish at $26 after 32,071 units passed through the market and Wisynco Group popped 89 cents to end at $17.50 as investors exchanged 2,495,740 stock units.
In the preference segment, Productive Business 10.50% preference share climbed $50 in ending at $1,200 after a transfer of 240 stock units, Jamaica Public Service 7% advanced $2 to close at a 52 weeks’ high of $12 with 2,000 stocks changing hands and 138 Student Living preference share rallied $6 to $76 in an exchange of 33 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.