Stocks closed higher on JSE Main Market

Trading on the Jamaica Stock Exchange Main Market ended on Wednesday, with the volume of stocks traded declining 52 percent and the value 49 percent lower than on Tuesday, following trading in 58 securities compared with 51 on Tuesday, with prices of 21 stocks rising, 18 declining and 19 ending unchanged.
The market closed with trading of 19,390,210 shares  for $75,280,584 down from 40,671,064 stock units at $148,618,570 on Tuesday.
Trading averaged 334,314 shares at $1,297,941 compared with 797,472 units at $2,914,090 on Tuesday and for the month to date, an average of 523,327 stock units at $8,924,231 compared with 539,355 shares at $9,570,905 on the previous day and August with an average of 290,511 units at $2,258,494.
Radio Jamaica led trading with 11.39 million shares for 58.7 percent of total volume followed by Wigton Windfarm with 1.53 million stock units for 7.9 percent of the day’s trade, Transjamaican Highway ended with 1.32 million stocks for 6.8 percent of market share, QWI Investments closed with 1.25 million units for 6.4 percent market share and Sagicor Select Financial Fund with 1.04 million shares for 5.4 percent of total volume.
The All Jamaican Composite Index rallied 1,467.53 points to end at 350,511.79, the JSE Main Index gained 1,568.72 points to finish at 308,212.87 and the JSE Financial Index popped 0.41 points to finish at 64.47.
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.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, AS Bryden declined 75 cents and ended at $36.25 with investors trading 1,001 stock units, Barita Investments sank $2.45 to $71 with 4,348 shares changing hands, Caribbean Cement gained 89 cents to end at $64.88 with investors trading 4,260 units. GraceKennedy rose $1.40 in closing at $73.90 after 15,296 stocks crossed the market, Guardian Holdings advanced $15 to close at $310 after an exchange of just one unit, Jamaica Producers slipped $1.05 to finish at $20.50 with investors swapping 1,646 shares. Margaritaville sank 97 cents to $14.38 with a transfer of 342 stock units, MPC Caribbean Clean Energy dropped $2 to close at $86 after an exchange of 92 stocks, Sagicor Real Estate Fund shed 60 cents and ended at $8.20 with 5,619 units passing through the market. Salada Foods popped 39 cents to finish at $3.40 with an exchange of 56,485 shares, Scotia Group increased $1 in closing at $45 with 332,121 stocks clearing the market, Seprod climbed $1.50 to end at $82.50 with investors dealing in 345 stock units and Wisynco Group lost 51 cents to close at $20.51 in trading 113,215 shares.
In the preference segment, 138 Student Living preference share skidded $38.60 to close at $161.40 in an exchange of 20 units and Transjamaican Highway 8% fell 46 cents to finish at $1.50 with traders dealing in 200,837 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.