Big bounce for JSE Main Market

Trading activity bounced on the Jamaica Stock Exchange Main Market ended on Friday and sending the market indices soaring with the All Jamaican Composite Index jumping 5,002.74 points to 355,792.10, as the JSE Main Index surged 6,694.66 points to close at 327,042.43 and the JSE Financial Index rallied 2.25 points to 72.45.following a 63 percent jump in the volume of stocks traded accompanied by a 150 percent increase in the value over Thursday after trading in 59 securities compared with 56 on Thursday, with 29 rising, 20 declining and 10 ending unchanged.
A total of 22,184,532 shares were traded for $189,538,021 compared with 13,644,908 units at $75,752,827 on Thursday, including General Accident that was added to the Main Market but only traded 100 shares at the price of $6.
Trading averaged 376,009 shares at $3,212,509 compared with 248,672 shares at $1,377,324 on Thursday and month to date, an average of 221,775 units at $1,796,258 versus 213,334 units at $1,718,745 on the previous day. August closed with an average of 313,108 units at $1,846,392.
Stanley Motta led trading with 6.05 million shares for 27.3 percent of total volume followed by Transjamaican Highway with 5.56 million units for 25.1 percent of the day’s trade, Wigton Windfarm ended with 3.21 million units for 14.5 percent of market share and Radio Jamaica with 2.32 million units for 10.5 percent of the overall volume.
The Main Market ended trading with an average PE Ratio of 12.4. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Barita Investments skidded $4.90 and ended at a 52 weeks; low of $70, with 654,421 shares changing hands, Berger Paints gained 43 cents to close at $7.47 with traders dealing in 3,603 stocks, Caribbean Cement jumped $4.80 in closing at $56.80 with an exchange of 359,134 units, Guardian Holdings rallied $16.60 to $506.60 after 255 stock units crossed the market. Jamaica Broilers popped $1.50 to end at $34 after 220,631 units passed through the market, Jamaica Producers shed 50 cents to close at $19.50 with shareholders swapping 2,099 shares, Jamaica Stock Exchange declined $1 to end at $9 after trading 286,744 stocks, JMMB Group increased $1.70 in closing at $29 and ended with 113,305 stocks changing hands. Kingston Properties advanced 31 cents to $8 in switching ownership of 248,150 units, Kingston Wharves climbed $1 and ended at $30 with investors transferring 111,326 shares, Margaritaville rallied 55 cents in closing at $16.60 with 17,775 stock units clearing the market, Mayberry Investments dropped $1 to end at $7 in an exchange of 279,105 stocks. Mayberry Jamaican Equities lost 50 cents and ended at $10 after exchanging 6,074 stock units, NCB Financial rose $4.97 to $69.97 in an exchange of 51,699 stocks, Proven Investments dipped $1.87 to close at $20.12 with stakeholders exchanging 11,810 units, Pulse Investments fell 36 cents and ended at $2.06 with investors dealing in 10,577 shares. Radio Jamaica increased 38 cents to end at $1.79 as investors exchanged 2,318,438 units, Sagicor Group gained $3.48 in closing at $48.48, with 202,225 shares crossing the market, Seprod climbed $4.91 to $74.90 after 75,505 stock units passed through the exchange and Stanley Motta advanced 35 cents to close at $5.95 in trading 6,053,426 stocks.
In the preference segment, Jamaica Public Service 7% popped $6.40 and ended at $48.40 after an exchange of 113 stock units and JMMB Group 7% preference share rallied 43 cents in closing at $2.30 after 522 shares were traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.