Transjamaican Highway led trading on Wednesday on the Jamaica Stock Exchange Main Market, investors cut the stock price down to $3.72 from $3.90 on Tuesday’s close and just above the price NROCC set for the 2.5 billion shares being offered to the market starting next week. The heavy trading in the stock helped push the volume of stocks traded up, 89 percent and the value 172 percent more than on Tuesday, with trading in 61 securities up from 56 on Tuesday and resulting in prices of 28 rising, 22 declining and 11 ending unchanged.
The market closed with 24,970,016 shares trading for $256,239,904 up robustly from 13,204,953 stock units at $94,301,130 on Tuesday.
Trading averaged 409,345 shares at $4,200,654 well above the 235,803 stocks at $1,683,949 on Tuesday and month to date, an average of 411,873 units at $1,977,620 which is in line with 412,025 shares at $1,844,150 on the prior day compared with January that averaged 257,074 stock units at $2,582,065.
Transjamaican Highway led trading with 6.73 million shares for 27 percent of total volume followed by Kingston Wharves which ended with 5.92 million stocks with 23.7 percent of the day’s trade, Wigton Energy closed with 4.96 million stocks for 19.9 percent of the volume traded, Sagicor Select Financial Fund closed with 2.26 million units for 9 percent of the total number of stocks traded and QWI Investments with 1.33 million units for 5.3 percent of market share.
The All Jamaican Composite Index rallied 1,414.29 points to conclude trading at 379,906.26, the JSE Main Index popped 1,321.74 points to 328,633.64 and the JSE Financial Index rose 0.62 points to 68.32.
The Investor’s Choice bid-offer indicator shows 15 stocks ending with bids higher than their last selling prices and three with lower offers.
The Main Market ended trading with an average PE Ratio of 15.7. 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.
138 Student living preferred was the top mover jumping $49.94 to $309 followed by Jamaica Public Service 7% preferred that rose $6.80 to $45. Eppley Caribbean Fund rose $3.39 to $39.45 and AS Bryden gained $3 to end at $32 while Kingston Wharves fell $3.79 to $26.20 and Grace Kennedy ended with a fall of $1.30 to $72.50.