Transjamaican trade swells Main Market trading

Trading jumped on the Jamaica Stock Exchange Main Market ended on Tuesday, with the volume of stocks traded rising 1,581 percent and the value 180 percent more than on Monday, as 100 million Transjamaican Highway preference shares were traded, with activity in 57 securities compared with 55 on Monday, and ended with 21 rising, 18 declining and 18 ending unchanged.
At the close, 106,705,122 shares were traded for $248,485,563 compared to 6,345,906 stock units at $88,810,985 on Monday.
Trading averaged 1,872,020 shares at $4,359,396 up sharply from 115,380 shares at $1,614,745 on Monday and month to date, an average of 330,381 units at $1,935,104 versus 154,985 units at $1,659,286, previously. Trading in October closed with an average of 214,410 units at $1,325,907.
Transjamaican Highway preference share led trading with 100 million shares valued at $200 million, for 93.7 percent of total volume followed by Transjamaican Highway ordinary share ended with 1.49 million units for 1.4 percent of the day’s trade, Wigton Windfarm followed with 1.13 million units for 1.1 percent market share, Palace Amusement closed with 1.08 million units for 1 percent market share and Sagicor Select Financial Fund closed with 1.07 million units for 1 percent of total volume.
The All Jamaican Composite Index slipped 728.78 points to conclude trading at 349,629.13, the JSE Main Index shed 851.71 points to 314,880.91 and the JSE Financial Index eased by 0.10 points to conclude trading at 69.09.
The Main Market ended trading with an average PE Ratio of 12.8. 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 around August 2024.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Caribbean Cement advanced 93 cents to $50.94 after an exchange of 11,092 shares, Eppley Caribbean Property Fund popped 50 cents to end at $36.50 with investors swapping 4,293 stocks, General Accident lost 44 cents to close at $4.56 in trading a mere 200 shares. Guardian Holdings climbed 47 cents to $412.50 with investors trading 44 stock units, Jamaica Producers increased $1.15 to end at $22.15 as 256,471 shares passed through the market, Jamaica Stock Exchange rose 65 cents to $9.10 with investors dealing in 1,545 stocks. Kingston Wharves rallied $2.29 to end at $28.79 in an exchange of 3,294 units, Pan Jamaica dropped $1 in closing at $46 with traders dealing in 7,497 stocks, Supreme Ventures gained 45 cents and ended at $26 after an exchange of 18,990 units. Sygnus Credit Investments shed 45 cents to close at $11.45 after 7,403 stocks changed hands, Victoria Mutual Investments declined 37 cents to $2.62 while exchanging 101,363 shares and Wisynco Group fell 98 cents in closing at $19.50 in switching ownership of 119,452 stock units.
In the preference segment, Eppley 7.50% preference share rose 49 cents and ended at $5.99 as investors exchanged 628 shares and JMMB Group 7% preference share climbed 40 cents to close at $2.40 after a transfer of 521 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.