Trading picked from yesterday’s low level but remained subpar on the Jamaica Stock Exchange Main Market on Wednesday, with the volume of stocks traded rising 26 percent, with a 64 percent increase in value over Tuesday, with 57 securities passing through the market similar to trading on Tuesday, and ended, with 20 rising, 22 declining and 15 ending unchanged.
A total of 7,390,135 shares were exchanged for $69,722,827 up from 5,859,528 units at $42,404,581 on Tuesday.
Trading averaged 129,651 units at $1,223,207, up from 102,799 shares at $743,940 on Tuesday and month to date, an average of 149,505 units at $1,676,828, versus 152,334 units at $1,741,469 on the previous trading day. September averaged 533,719 units at $5,494,282.
JMMB Group 7.35% due 2028, led trading with 1.41 million shares for 19.1 percent of total volume followed by Transjamaican Highway with 1.23 million units for 16.7 percent of the day’s trade and Wigton Windfarm with 936,146 units for 12.7 percent market share.
The All Jamaican Composite Index declined 1,638.29 points to 408,537.02, the JSE Main Index dropped 1,835.87 points to 357,666.75 and the JSE Financial Index slipped 0.71 points to 85.88.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.6 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 12 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments dipped 76 cents to close at $107.87 after trading 57,097 shares, Eppley Caribbean Property Fund jumped $5.50 to $44 in trading 322 units, First Rock Real Estate lost $1.48 in ending at $14.51 with an exchange of 55,094 stock units. Guardian Holdings dropped $15 in closing at $495 with the swapping of 403 stocks, Jamaica Broilers shed 89 cents to close at $29 after exchanging 20,691 units, Jamaica Producers fell $1 in closing at $19 in an exchange of 39,839 shares. Jamaica Stock Exchange declined 49 cents to $15.51 after a transfer of 1,053 stocks, JMMB Group dropped 65 cents to end at $38 in exchanging 64,607 stock units, Massy Holdings dipped $4.40 to close at $82.50 after exchanging 1,362 stocks. Mayberry Investments fell 80 cents to $7.20 while exchanging 66,434 stock units, NCB Financial declined 99 cents to close at $89 with investors transferring 9,135 shares, PanJam Investment lost $8 to end at a 52 weeks’ closing low of $50 with a transfer of 545,065 units. Sagicor Group shed 50 cents to $50 and closed with 6,508 stock units changing hands, Scotia Group lost 53 cents in ending at $35.97, with 23,560 stocks crossing the market, Seprod rallied $1.04 in closing at $70.99, with 18,551 units changing hands. 
Stanley Motta increased 95 cents in closing at $4.95, with 1,295 shares clearing the market, Sygnus Credit Investments declined 60 cents after ending at $12.70, with 70,956 units crossing the exchange and Wisynco Group rose 58 cents to close at $18.48 in switching ownership of 111,079 stock units.
In the preference segment, 138 Student Living s preference share gained $5.87 to $64.52, with 42 stocks changing hands and Productive Business Solutions 9.75% preference share advanced $10.22 to end at $118 in trading 789 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
