Trading jumps on JSE Main Market as prices rise

Trading activity on the Jamaica Stock Exchange Main Market ended on Wednesday, with the volume of stocks traded rising 37 percent and the value surging 189 percent over trading on Friday, with 59 securities trading similar to trading on Friday and ended with prices of 24 stocks rising, 17 declining and 18 ending unchanged as JMMB Group traded at an intraday 52 weeks’ low of $24.80.
Trading ended with an exchange of 33,345,989 shares for $814,176,218 compared with 24,406,102 units at $281,890,487 on Friday.
Trading averaged 565,186 shares at $13,799,597 up sharply from 413,663 units at $4,777,805 on Friday and month to date, an average of 186,000 stock units at $2,467,306 compared to 160,226 units at $1,697,024 that were previously traded. November ended with an average of 275,587 units at $2,488,949.
Wigton Windfarm led trading with 7.51 million shares for 22.5 percent of total volume followed by Sygnus Credit Investments with 5.88 million units for 17.6 percent of the day’s trade, Wisynco Group closed trading with 4.37 million units for 13.1 percent of the day’s volume, NCB Financial ended with 3.11 million units for 9.3 percent market share, Jamaica Producers closed with 2.84 million stock units for 8.5 percent trading and Caribbean Cement with 2.15 million units for 6.4 percent of total volume.
The All Jamaican Composite Index climbed 858.00 points to 354,396.78, the JSE Main Index increased 761.89 points to conclude trading at 317,560.34 and the JSE Financial Index slipped 0.13 points to settle at 68.65.
The Main Market ended trading with an average PE Ratio of 13.3. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasted by ICInsider.com for companies with the financial year ending around August 2024.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Eppley increased 49 cents to $35 with investors trading 1,415 stocks, Eppley Caribbean Property Fund dipped $2.10 in closing at $40, with 820 units clearing the market, First Rock Real Estate fell $1.47 and ended at $6.02 with investors transferring 6,142 shares. Guardian Holdings popped $2.01 to close at $402, with 1,071 stock units crossing the market, Kingston Properties advanced 48 cents to $7.80 after investors traded 259,775 shares, Kingston Wharves skidded 35 cents to $26.65 after an exchange of 5,928 units. NCB Financial sank 90 cents to close at $65.10 with investors trading 3,108,015 stocks, Pan Jamaica rose $1.45 to end at $50.45 after 1,552,450 stock units passed through the market, Sagicor Group shed 30 cents in closing at $41.50 while exchanging 5,478 shares. Seprod climbed $2.49 and ended at $77.49, with investors trading 30,268 stock units, Sygnus Real Estate Finance declined 50 cents to $9 in an exchange of 10,000 units and Wisynco Group rallied 50 cents in closing at $21 with traders dealing in 4,366,417 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.