Wigton & Sagicor Select push Main Market trading


Wigton Energy and Sagicor Select Manufacturing & Distribution Fund captured more than half of stock traded on the Jamaica Stock Exchange Main Market on Friday resulting in a 280 percent jump in the volume of stocks changing hands with a value 980 percent more than on Thursday and ending with an exchange of 58 securities, the same as Thursday, with prices of 19 rising, 25 declining and 14 ending unchanged.

The market closed with 30,419,280 shares trading for $401,684,771 up from just 7,996,027 stock units at $37,197,500 on Thursday. Trading ended with an average of 524,470 shares at $6,925,599 compared to 137,863 stock units at $641,336 on Thursday and for the month to date, an average of 886,118 units at $7,385,534 down from 925,398 shares at $7,435,489 on the prior day and November that ended with an average of 286,669 stock units at $2,555,172.
Sagicor Select Manufacturing & Distribution Fund the lead trade, accounted for 8.53 million shares, 28 percent of total volume and just below, Wigton Energy with 8.27 million stock units for 27.2 percent of the day’s trade, Transjamaican Highway was next with 4.65 million units for 15.3 percent market share, GraceKennedy with 3.05 million shares for 10 percent of trading, Lasco Manufacturing chipped in with 1.13 million stocks for 3.7 percent market share and Jamaica Broilers with 1.11 million units for 3.6 percent of total volume.
The All Jamaican Composite Index dropped 1,830.32 points to end at 370,401.03, the JSE Main Index shed 996.12 points to close at 322,011.90 and the JSE Financial Index dipped 0.84 points to cease trading at 65.71. The Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and three with lower offers.
The Main Market ended trading with an average PE Ratio of 14.2. 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 of trading, AS Bryden climbed $3.39 to close at $34.34 after an exchange of 42,294 stock units, Caribbean Cement lost $1.40 to settle at $76.57 with 202,662 shares exchanging hands, Caribbean Producers increased 45 cents to $8.45 as investors exchanged 153,531 units. Carreras dipped 52 cents to end at $12.45 with 50,379 stocks crossing the market, Eppley popped $2.34 and ended at $32.84 after an exchange of 3,411 units, Margaritaville rallied $1.47 to finish at $11.97 with investors swapping 850 stocks. Massy Holdings rose 99 cents to end at $81 with an exchange of 2,554 shares, Mayberry Group sank 49 cents to close at $7.51 with 21,024 stock units crossing the market, MPC Caribbean Clean Energy shed $4.38 to finish at $70 in an exchange of 10 shares. Pan Jamaica declined $2.98 and ended at $48.02 with traders dealing in 1,910 stocks, Proven Investments advanced $2.36 to end at $19.46 with 7,379 units switching owners, Scotia Group fell $1.13 to close at $52 with investors dealing in 910,024 stock units ahead of the group releasing full year’s results with EPS of $6.48, up a respectable 17 percent from $5.54 in 2023 and in line with ICInsider.com forecast of $6.50 and Supreme Ventures gained 45 cents to $22.50 clearing the market with 86,394 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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