Trading dropped back to more sedate levels on the Jamaica Stock Exchange Main Market on Wednesday, with the volume of stocks traded rising 52 percent boosted by a 9 million trade in Transjamaican Highway, but with a 75 percent lower value than on Tuesday.
Trading took place in 56 securities down from 60 on Tuesday, with prices of 17 rising, 20 declining and 19 ending unchanged, resulting in a decline in the value of the market.
The market closed with trading of 14,230,000 shares for $63,207,258 compared to 9,345,201 stock units at $253,994,490 on Tuesday.
Transjamaican led trading with 8.99 million shares for 63.2 percent of total volume followed by Radio Jamaica with 1.7 million stocks for 11.9 percent of the day’s trade and Wigton Energy with 1.23 million units for 8.7 percent of total trading.
The All Jamaican Composite Index dropped 1,811.19 points to finish at 381,011.29, the JSE Main Index sank 1,575.05 points to wrap up trading at 330,383.72 and the JSE Financial Index shed 0.39 points to close at 67.76. The Investor’s Choice bid-offer indicator shows 10 stocks ending with bids higher than their last selling prices and two with lower offers.The Main Market ended trading with an average PE Ratio of 14.5. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close, Caribbean Cement advanced $1.37 to $85 with 26,887 units clearing the market, Eppley rose $1.98 to $37 with traders dealing in 263 stocks, GraceKennedy rallied $1.95 in closing at $73.95 after an exchange of 11,561 shares. Guardian Holdings increased $6 to close at $306 with a transfer of just 4 stock units, Jamaica Broilers climbed $1.40 to finish at $40 with investors swapping 9,984 shares, JMMB Group popped 60 cents and ended at $21.20 after an exchange of 67,776 stocks. Kingston Properties gained 59 cents in closing at $9 with investors dealing in 949 units, Mayberry Jamaican Equities dropped 63 cents to $9.37 in an exchange of 10,433 stock units, NCB Financial rose 40 cents to finish at $50.65 with investors trading 5,210 shares. Proven Investments gained 94 cents and ended at $21.42 in switching ownership of 14,194 units, Scotia Group sank $3.02 to end at $59.98 after 45,840 stocks passed through the market, Seprod skidded $1 to close at $84 in trading 9,112 stock units. Sygnus Credit Investments popped 80 cents to $12.80 after a transfer of 21,547 shares and Wisynco Group climbed 44 cents in closing at $21.59 with 222,260 units changing hands.
In the preference segment, Eppley 7.25% preference share lost $2.89 after ending at $16.36 in trading 61,370 stocks.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.