Trading rises on JSE Main Market

 Trading activity on the Jamaica Stock Exchange Main Market ended on Wednesday, with the volume of stocks traded rising 36 percent and the value 48 percent more than on Tuesday, after trading 57 securities compared to 55 on Tuesday, and close with 19 rising, 25 declining and 13 ending unchanged.
A total of 12,992,157 shares were traded for $42,746,105 compared to 9,556,783 units at $28,842,985 on Tuesday.
Trading averaged 227,933 shares at $749,932, up from 173,760 shares at $524,388 on Tuesday and month to date, an average of 241,174 units at $1,045,735 compared with 247,913 units at $1,196,263 on the previous day. March closed with an average of 356,137 units at $3,015,416.
Transjamaican Highway led trading with 4.15 million shares for 31.9 percent of total volume followed by JMMB Group 7.5% with 2.37 million units for 18.3 percent of the day’s trade, Wigton Windfarm ended with 2.27 million units for 17.5 percent market share and Sagicor Select Financial Fund with 1.56 million units for 12 percent of total volume.
The All Jamaican Composite Index dropped 2,088.91 points to 369,166.27, the JSE Main Index shed 1,159.46 points to end at 330,217.61 and the JSE Financial Index popped 0.01 points to close at 76.30.
The PE Ratio, a formula used to compute 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 10 stocks ended with bids higher than their last selling prices and eight with lower offers.
At the close, Barita Investments lost $1.53 after ending at $78.97 while exchanging 31,055 shares, Berger Paints dropped 69 cents to close at $8, with 1,698 stock units crossing the exchange, Caribbean Cement popped $2.94 to end at $59.94 with 2,830 units changing hands. Caribbean Producers dipped 56 cents in closing at $9.20 with a transfer of 46,610 stocks, Eppley fell $4.98 to $32.51, with 726 stock units changing hands, Eppley Caribbean Property Fund rallied $3.60 to close at $44 after trading 235 shares. Guardian Holdings rose $5 to $495 in trading 198 units, Jamaica Broilers increased $1.50 to end at $36.50 after exchanging 17,292 stocks, Jamaica Stock Exchange declined 90 cents in closing at $13.05 in switching ownership of 2,448 shares. JMMB Group shed $2.79 after ending at $29 as investors exchanged 113,841 stocks, Key Insurance advanced 48 cents in closing at $3.48 after a transfer of 300 stock units, Kingston Wharves declined $3.46 to $30.54 and closing with 5,626 units being traded. Margaritaville climbed $1.49 to $16.46 after an exchange of 239 shares, Massy Holdings gained $1 to $90, with 5,741 units crossing the market, Mayberry Jamaican Equities shed 60 cents to close at $11.60 with an exchange of 11,691 stock units. NCB Financial rose $1.48 to end at $74.48 as 31,311 stocks passed through the market, Sagicor Group dipped 50 cents in closing at $47 in an exchange of 16,886 stock units, Seprod dropped $2.98 to close at $67.01 with the swapping of 1,602 stocks. Sterling Investments fell 42 cents to $2.54 in an exchange of 57,819 shares, Sygnus Credit Investments fell 49 cents after ending at $11.60 with investors transferring 12,879 units, Sygnus Real Estate Finance popped $1.43 to end at $11.63, with 1,342 units clearing the market.
In the preference segment, Jamaica Public Service 7% declined $14 in closing at $84 with the swapping of 785 stock units, 138 Student Living preference share dipped 42 cents to $77.08, with 150 stocks crossing the market and Productive Business Solutions 9.75% preference share shed $1 in ending at $106 with 16 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.