The Main Market All Jamaican Composite Index surged 4,560.86 points to 457,710.62, the highest daily close since July 23, while the JSE Main Index jumped 3,833.76 points to 415,715.09 and the JSE Financial Index inched 1.17 points to 101.13 as rising stocks beating declining ones nearly 2 to 1 on Friday, with the volume and value of shares trading, rising moderately over Thursday levels, at the close of the Jamaica Stock Exchange.
A total of 49 securities traded compared to 48 on Thursday, with 20 stocks rising, 12 declining, with 17 unchanged. Caribbean Cement ended at a 52 weeks’ closing high at the close of the market. The PE Ratio, a measure used to compute appropriate stock values, averages 15.6 based on ICInsider.com forecast of 2021-22 earnings.
Overall, 15,660,104 shares trading for $172,250,884, up from 15,130,149 units at $148,604,629 on Thursday. Wigton Windfarm led trading with 39.1 percent for an exchange of 6.12 million shares followed by Radio Jamaica 21.7 percent, with 3.40 million units,
Transjamaican Highway controlled 12.5 percent, with 1.96 million units and GraceKennedy with 7.4 percent after 1.16 million units changing hands.
Trading averages 319,594 units at $3,515,324, compared to 315,211 shares at $3,095,930 on Thursday and month to date averaging 497,417 units at $8,407,376, in contrast to 507,741 units at $8,691,971 on Thursday. July ended with an average of 322,932 units at $15,201,099.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and one stock with a lower offer.
At the close, Barita Investments declined 21 cents to $93 with 49,717 shares crossing the market, Caribbean Cement advanced $6.49 to end at a 52 weeks’ closing high of $112.99 in exchanging 13,140 stocks. Eppley shed 40 cents to $40.50, with a transfer of 1,222 units, GraceKennedy popped $1.51 to $103.01 in trading 1,157,481 shares, Jamaica Producers gained 30 cents to end at $24.50 in switching ownership of 12,182 units. Jamaica Stock Exchange shed 60 cents to $16.60 after swapping 35,540 stock units, JMMB Group fell 50 cents to $37.70 with 135,625 stocks changing hands.
Mayberry Investments shed 25 cents to $5.75 with a transfer of 5,620 units, NCB Financial Group fell 90 cents to $131.10, with the swapping of 31,524 stock units, Palace Amusement rallied $15 to $1,140 in switching ownership of 71 shares. PanJam Investment rose $1 to $63 in trading 1,550 units, Sagicor Group popped 49 cents to $56.99 with 62,270 shares clearing the market, Seprod spiked $5.98 to $67.99 after exchanging 6,959 stocks and Victoria Mutual Investments climbed 23 cents to $5.53 with 45,965 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.