Trading volume jumped sharply by 186 percent on the Jamaica Stock Exchange Main Market on Wednesday, with the value of stocks traded falling 46 percent lower than on Tuesday, following trading in 56 securities compared to 60 on Tuesday, with prices of 26 rising, 19 declining and 11 ending unchanged.
Palace actual gain is $40.
A total of 21,251,911 shares were exchanged for just $46,083,372 compared with 7,422,777 units at $85,555,430 on Tuesday.
Trading averaged 379,498 units at $822,917, down from 123,713 shares at $1,425,924 on Tuesday and month to date, an average of 169,759 units at $1,527,381 compared to 151,175 units at $1,589,801 on the previous day. September closed with an average of 533,719 units at $5,494,282.
Wigton Windfarm led trading with 16.87 million shares for 79.4 percent of total volume followed by Transjamaican Highway with 1.18 million units for 5.5 percent of the day’s trade and Caribbean Producers with 880,504 units for 4.1 percent market share.
The All Jamaican Composite Index shed 1,165.48 points to close at 404,873.54, the JSE Main Index fell 906.66 points to 353,247.24 and the JSE Financial Index declined 0.55 points to settle at 85.01.
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 ten stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Producers rallied $1 to $13.98, with 880,504 shares crossing the market, First Rock Real Estate popped $1.27 to $15.40 in trading 50,070 stock units, GraceKennedy gained $1.71 to end at $90.41 as investors exchanged 36,305 units. Guardian Holdings declined $3.98 to $496.02 and closed after ten stocks were exchanged, Jamaica Broilers dropped 41 cents in closing at $29.14 in exchanging 10,212 units, Jamaica Stock Exchange rose 47 cents to end at $15.99 in switching ownership of 3,500 stocks. JMMB Group dipped 40 cents to $38.10 with an exchange of 13,949 shares, Kingston Wharves fell $1 in closing at $38 while exchanging 1,297 stock units, Margaritaville popped $4.15 to close at $25.50 in trading two units. 138 Student Living climbed 73 cents to $5.50, with 260 stock units crossing the exchange, Palace Amusement climbed $40 to $840 after just two shares changed hands, PanJam Investment rose $1.50 to $56.50 in an exchange of 11,455 stocks. Proven Investments shed $2.25 to $30.13 after an exchange of 4,093 units, Sagicor Group gained 50 cents in closing at $50.50 after exchanging 6,657 shares, and trading at a 52 weeks’ intraday low of $49.90. Scotia Group lost 40 cents to close at $35.60, with 100,649 stock units clearing the market, 
Seprod declined $1.95 to $69, with 2,447 stocks crossing the market, Stanley Motta increased 44 cents in ending at $5 with the swapping of 9 stock units and Wisynco Group popped 95 cents to $19.10 with a transfer of 11,410 stocks.In the preference segment, 138 Student Living preference share shed $4 to close at $60 after exchanging 58 shares and Productive Business Solutions 9.75% preference share lost $19.59 in closing at $107 after a transfer of 307 units.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
