Trading jumped sharply on Wednesday on the Jamaica Stock Exchange Main Market with a surge of 666 percent in the volume of stocks changing hands over Tuesday with a 700 percent jump in funds entering the market than the previous day, after 59 securities were exchanged compared to 57 on Tuesday and ending with prices of 25 rising, 19 declining and 15 ending unchanged.
A total of 68,370,391 shares were traded for $766,972,599 up from 8,931,395 units at $95,827,826 on Tuesday.
Trading averaged 1,158,820 units at $12,999,366, up from 156,691 shares at $1,681,190 on Tuesday and month to date, an average of 520,032 units at $3,105,033 compared to 471,898 units at $2,359,483 on the previous day. Trading in November closed with an average of 202,406 units at $1,736,493.
Radio Jamaica led trading with 40.25 million shares for 58.9 percent of total volume followed by Wigton Windfarm with 13.37 million units for 19.6 percent of the day’s trade, GraceKennedy traded 4.58 million units for 6.7 percent of the market trade, Jamaica Broilers settled at 4.46 million units for 6.5 percent of shares traded, Barita Investments chipped in with 1.50 million units for 2.2 percent market share and Sagicor Select Financial Fund had 1.46 million units for 2.1 percent of trading.
The All Jamaican Composite Index gained 2,594.86 points to 382,179.92, the JSE Main Index rose 86.10 points to 340,467.96 and the JSE Financial Index slipped 0.10 points to settle at 81.32.
The PE Ratio, a formula used to ascertain appropriate stock values, averages 14.2 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 and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ending with higher bids than their last selling prices and five with lower offers.
At the close, Berger Paints popped 73 cents in closing at $10.73 after trading 91 shares, Caribbean Cement gained $3.17 to close at $60.17 with a transfer of 5,367 stock units, Caribbean Producers climbed 55 cents to $11.75 after 39,146 stocks crossed the market. Eppley advanced $2.90 in ending at $35 after 328 units were traded, First Rock Real Estate increased 90 cents to end at $13.70 with the swapping of 2,327 units, 
Guardian Holdings lost $10.56 after ending at $617.44, with 101 shares crossing the exchange. Jamaica Broilers rose 99 cents to end at $29.99 in exchanging 4,458,470 stock units, Jamaica Stock Exchange dipped 70 cents in closing at $15.10 as 4,480 stocks passed through the market, Mayberry Investments rallied $1.45 to close at $8.45 in an exchange of 31,281 stock units. NCB Financial shed 98 cents to a 52 weeks’ low of $78.02 as investors exchanged 96,216 shares, Palace Amusement dropped $190 to end at $1200 after an exchange of 887 units, Proven Investments declined $1.48 to close at $27 with investors transferring 15,830 stocks. Seprod fell $1.25 in closing at $68.50, with 10,735 stock units crossing the market and Sygnus Credit Investments dipped 46 cents in ending at $12.04 after a transfer of 5,281 shares.
In the preference segment, Eppley 7.25% preference share shed $2.83 in ending at $17.17 after an exchange of 799 stocks, Productive Business Solutions 9.75% preference share gained $5 in closing at $107 after trading just six stocks and Transjamaican Highway 8% fell 45 cents to $1.75 with an exchange of 67,330 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.