Investors pushed the volume of stocks traded up 273 percent and the value 30 percent higher than on Monday at the close of the Jamaica Stock Exchange Main Market on Tuesday, after trading 51 securities compared to 55 on Monday, with 19 rising, 19 declining and 13 ending unchanged.
A total of 47,132,067 shares were exchanged for $105,575,678 compared to 12,642,427 units at $81,389,720 on Monday.
Trading averaged 924,158 units at $2,070,131 versus 229,862 shares at $1,479,813 on Monday and month to date, an average of 273,634 units at $2,972,954, compared to 231,797 units at $3,031,017 on the previous day. February closed with an average of 183,599 units at $2,160,070.
Transjamaican Highway led trading with 30.87 million shares for 65.5 percent of total volume followed by QWI Investments with 9.78 million units for 20.8 percent of the day’s trade, Sagicor Select Financial Fund with 2.30 million units for 4.9 percent of market share and Wigton Windfarm with 2.05 million units for 4.3 percent of stocks traded.
The All Jamaican Composite Index declined 1,777.23 points 
to 362,932.88, the JSE Main Index fell 1,543.61 points to 321,896.20 and the JSE Financial Index lost 1.24 points to end at 74.41.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.4 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 11 stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Cement lost 40 cents in closing at $57.50 after investors exchanged 6,678 shares, Eppley increased $5.50 in closing at $37.50 after investors switched ownership of 47 stock units, Eppley Caribbean Property Fund dropped $4.58 to $40.41 with one unit changing hands. First Rock Real Estate dipped 55 cents to close at $11.50 in trading 3,000 stocks, GraceKennedy rose $3 to end at $81 while exchanging 24,170 units, 
Jamaica Producers gained 74 cents to close at $20.99 with 4,304 stocks crossing the exchange. JMMB Group popped 48 cents in closing at $30 after trading 388,135 stock units after hitting a new 52 weeks’ low of $29, Mayberry Investments advanced 41 cents to $8.21 after an exchange of 1,011 shares, NCB Financial shed $1.69 to hit a 52 weeks’ closing low of $68 as 45,814 stock units passed through the market. PanJam Investment declined $4.50 to end at $52 after a transfer of 20,023 shares, Proven Investments climbed $1.86 to $28.37 as investors exchanged 6,216 stocks, Seprod rallied $5.87 in closing at $67.88 in an exchange of 1,379 units. Sterling Investments advanced 41 cents to close at $2.96 with a transfer of 54,910 units and Wisynco Group fell 40 cents to end at $16.60 with 95,712 shares clearing the market.
In the preference segment, Jamaica Public Service 7% popped $50 to record high of $250, with 306 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading picks up on JSE Main Market
March 21, 2023 by IC Insider.com
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Caribbean Producers, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group
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