Trading picks up for JSE Main Market

Trading activity picked up on the Jamaica Stock Exchange Main Market on Wednesday, with the volume of stocks traded rising 158 percent and the value 29 percent more than on Tuesday, following trading in 59 securities down from 62 on Tuesday, with 20 rising, 26 declining and 13 ending unchanged.
A total of 12,894,594 shares were exchanged for $48,653,770 up from 5,006,796 units at $37,626,082 on Tuesday.
Trading averaged 218,552 shares at $824,640, versus 80,755 shares at $606,872 on Tuesday and month to date, an average of 200,493 units at $878,096, compared to 196,767 units at $889,124 on the previous day. March closed with an average of 356,137 units at $3,015,416.
Transjamaican Highway led trading with 4.72 million shares for 36.6 percent of total volume, followed by Sagicor Select Financial Fund with 2.06 million units for 16 percent of the day’s trade, Stanley Motta ended with 2.01 million units for 15.6 percent market share and QWI Investments with 1.52 million units for 11.8 percent of total volume.
The All Jamaican Composite Index fell 1,016.96 points to 368,294.60, the JSE Main Index increased 2,386.74 points to 333,584.65 and the JSE Financial Index fell 0.44 points to close at 75.89.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.3 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 nine stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Barita Investments declined $1.30 in closing at $79.70 after a transfer of 49,873 shares, Berger Paints rallied 53 cents to $8.48 after an exchange of 13 units, Caribbean Cement advanced 45 cents to close at $59.95 with an exchange of 2,002 stock units, Eppley dipped $3.93 after ending at $33.55 with the swapping of 486 stocks, Eppley Caribbean Property Fund lost $3.42 to end at $40.50 in an exchange of 640 stocks, Guardian Holdings rallied $5 after ending at $490 in an exchange of 222 stock units, Jamaica Broilers fell 98 cents to end at $35.50 after trading 34,040 shares, Jamaica Producers shed $1.30 to $20.65 while exchanging 4,285 units, JMMB Group dropped $2.28 to close at $29.50 in trading 10,295 stock units,Kingston Properties gained 60 cents in closing at $7, with 36,697 units changing hands, Margaritaville shed 50 cents to end at $18 after closing with an exchange of 4,732 shares, Massy Holdings popped $8 after ending at $99, with 2,848 stocks crossing the market, Mayberry Jamaican Equities lost 60 cents in closing at $11 in switching ownership of 16,091 stock units, MPC Caribbean Clean Energy rose $4 to close at $75 with investors transferring 1,699 shares, NCB Financial climbed $2.99 to $74, with 28,178 stocks crossing the market, Pan Jamaica Group fell $1.94 to $54 after an exchange of 11,508 units, Proven Investments increased $1.38 to close at $27.33 as 7,570 shares passed through the market, Sagicor Group declined 50 cents after ending at $47.50 with a transfer of 85,383 stock units, Salada Foods dropped 43 cents in closing at $3.56, with 9,951 stocks crossing the exchange and Sygnus Real Estate Finance gained 66 cents to end at $11.82 with 2,923 units clearing the market.
In the preference segment, Productive Business Solutions 10.50% preference share dropped $50 to $1200 as investors exchanged 82 shares, Eppley 7.75% preference share fell $2.96 to close at $16.94 with an exchange of 2,500 units and Jamaica Public Service 7% shed $11.53 in ending at $50, with 170 stock units crossed the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.