Market activity ended on Wednesday with the volume of shares trading rising 481 percent and the value of stocks ended 357 percent higher than on Tuesday on the Jamaica Stock Exchange Main Market as rising stocks exceeded those declining.
The All Jamaican Composite Index dived 3,385.14 points to 427,053.57, the JSE Main Index dropped 2,989.61 points to end at 386,509.24 and the JSE Financial Index shed 0.87 points to close at 94.72.
Similar to Tuesday 48 securities were traded with 20 rising, 15 falling and 13 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values averages 15.7. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasted by ICInsider.com for companies with financial years ending between the current year and August 2022.
A total of 74,732,134 shares traded for $550,250,998 versus 12,862,366 units at $120,320,373 on Tuesday. JMMB Group 7.5% led trading with 66.3 percent of total volume for an exchange of 49.58 million shares followed by Stanley Motta 9.9 percent with 7.4 million units, Kingston Wharves held 7.8 percent with 5.85 million units, Wigton Windfarm ended with 4.37 million shares for 5.8 percent market share, Eppley Caribbean Property Fund accounted for 3.3 percent with 2.46 million units and JMMB Group had 2.8 percent of trading after an exchange of 2.12 million units.
Trading averages 1,556,919 units at $11,463,562 compared to 267,966 shares at $2,506,674 on Tuesday and month to date, an average of 559,831 units at $5,348,026, compared to 462,948 units at $4,753,804 on Tuesday. November closed with an average of 233,949 units at $2,695,416.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments rose 96 cents in closing at $90.87 trading 67,537 shares, Berger Paints rallied $1.23 to close at $13.74 in exchanging 3,915 units, Eppley Caribbean Property Fund declined $3 to $40 after trading 2,455,661 stocks. Guardian Holdings advanced $2 to $518 with a transfer of 118 stock units, Jamaica Broilers shed $1.49 to finish at $28.51 in switching ownership of 86,986 units, Mayberry Investments declined $1.50 in closing at $7, with 200,002 shares clearing the market. PanJam Investment dropped $4.58 to $63.05 with the swapping of 137,243 stock units, Portland JSX popped $1.04 to $7.97 with an exchange of 23 stocks, Sagicor Group dropped 90 cents to $51.60 in transferring 26,428 units.
Scotia Group spiked 85 cents to end at $36.85 with 36,121 stocks changing hands, Seprod rose $1 to close at $63 in trading 3,084 stock units, Stanley Motta gained 45 cents to finish at $5 in trading 7,401,000 shares. Supreme Ventures dipped 40 cents to $18.10 after an exchange of 25,713 stock units, Sygnus Credit Investments gained 44 cents after ending at $15.30 in switching ownership of 21,267 shares and Wisynco Group lost 30 cents to settle at $16.20 in exchanging 40,794 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.