Durrant Pate/Contributor

Trading activity on the Jamaican Stock Exchange (JSE) was less concentrated last week, with the top three volume leaders accounting for just 35.1 per cent of total market volume.

This is down from 50.2 per cent in the previous week. Leading the pack were TransJamaican Highway USD shares with 31.58 million units (15.96 per cent), TransJamaican Highway ordinary shares with 23.57 million units (11.91 per cent), and Wigton Energy Limited with 20.20 million units (10.21 per cent). 

The overall market, as measured by the JSE Combined Index, rose by 1.6 per cent, as 61 of the total 125 stocks advanced, 50 declined, and 14 remained unchanged. Eight of the nine JSE indices advanced. The main advancers were the JSE USD Equities (+6.43 per cent) and the JSE Select (+3.29 per cent) indices. 

For the JSE USD Equities Index, share price increases in Productive Business Solution (+15.0 per cent) and TransJamaican Highway USD (+7.59 per cent) were the major drivers. 

For the JSE Select Index, the week-over-week increase was due to the rise in Carreras Limited’s share price (+6.01 per cent) and to a lesser extent, GraceKennedy (+3.39 per cent). Meanwhile, the JSE Cross-Listed Index (-0.02 per cent) was the only decliner, primarily influenced by a slight drop in Guardian Holdings (-0.58 per cent). 

There was no news to support the movements for advancers or decliners. Market volume amounted to 165.59 million units (J$766.67 million), representing an 11.6 per cent and 22.0 per cent increase in volume and value, respectively.