Trading surges on JSE Main market

Trading surged on the Jamaica Stock Exchange Main Market on Wednesday, helped by increased trades in Wigton Windfarm, Grace Kennedy and Transjamaican Highway pushing the volume of stocks traded up by a solid 612 percent and the value 706 percent compared to trading on Tuesday, following trading in 57 securities compared with 52 on Tuesday, and ending prices of with 22 rising, 17 declining and 18 ending unchanged, resulting in a sharp bounce in the market indices.
A total of 45,685,912 shares were traded for $335,401,719 compared to 6,414,893 units at $41,595,803 on Tuesday.
Trading averaged 801,507 shares at $5,884,241 compared with 123,363 shares at $799,919 on Tuesday and month to date, an average of 211,465 units at $1,737,101, compared with 176,649 units at $1,492,394 on the previous day and August that ended with an average of 316,608 units at $1,867,646.
Wigton Windfarm led trading with 30.15 million shares for 66 percent of the volume, Transjamaican Highway followed with 7.88 million units for 17.3 percent of the day’s trade, GraceKennedy with 3.50 million units for 7.7 percent market share and JMMB Group 7.5% with 1.0 million units for 2.2 percent of total volume.
The All Jamaican Composite Index jumped 4,951.59 points to settle at 350,420.96, the JSE Main Index surged 6,384.67 points to close at 322,776.93 and the JSE Financial Index climbed 2.18 points to 71.72.
The Main Market ended trading with an average PE Ratio of 12.3. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments fell 40 cents to $78.10 in an exchange of 19,017 shares, Berger Paints skidded 68 cents and ended at $7.04 after an exchange of 3,403 stocks, Caribbean Cement popped $3 in closing at $52 with an exchange of 18,082 stock units, Caribbean Producers shed 89 cents to close at $9.13 after 31,340 units passed through the market. Eppley dropped $7.45 to end at a 52 weeks’ low of $27.55 with investors trading 350 units, Eppley Caribbean Property Fund lost $1.90 in closing at $37 crossing the exchange 172 shares, Guardian Holdings surged $75 to end at $520 in trading 403 stocks, Jamaica Broilers rose $1.05 to $32.50, with 59,356 stock unit crossing the market. Jamaica Producers declined $1.28 to close at $18.72 after an exchange of 5,350 stock units, Kingston Properties climbed $1 and ended at $7.50 with traders dealing in 135,929 units, Kingston Wharves rallied 51 cents and ended at $28 with a transfer of 93,940 shares, Mayberry Investments advanced 50 cents to $8 with stakeholders exchanging 42,900 stocks. MPC Caribbean Clean Energy jumped $13 to end at $83 while exchanging 1,477 shares, NCB Financial increased $2.50 to close at $68, with 37,557 stocks crossing the market, Pan Jamaica gained $3.25 in closing at $49 with investors dealing in 40,529 stock units. Portland JSX popped $2.07 in closing at $10.50 after 20,000 units changed hands, Supreme Ventures dipped $1.52 to close at $27, with 202,492 stock units changing hands and Wisynco Group rallied 56 cents and ended at $17.90 in an exchange of 175,282 shares.
In the preference segment, JMMB Group 7% preference share lost 53 cents to close at $1.87 after a transfer of 3,787 stocks, 138 Student Living preference share leapt $22.70 to end at $103 with investors trading 3,889 units and Productive Business Solutions 10.5 % preference share dipped $1 and ended at $1,214 in switching ownership of 11 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.