Big gains for JSE Main Market


Trading ended with big gains in the major indices of the Jamaica Stock Exchange Main Market after the market closed early at noon on Friday, resulting from stormy conditions off the shores of Jamaica. The shortened session ended with a 27 percent contraction in the volume of stocks traded, with the value falling 66 percent from the preceding day. The market ended with activity in 56 securities compared to 60 on Thursday, with prices of 23 rising, 20 declining and 13 ending unchanged.

The market closed with 7,520,061 shares trading for $49,523,282, down from 10,363,654 stock units at $145,134,187 on Thursday.
The average trade declined to 134,287 shares at $884,344 from 172,728 stocks at $2,418,903 on Thursday. Trading for the month to date ended with an average of 180,175 units at $1,463,052, well aligned with 182,882 shares at $1,497,201 on the previous day, but well below September, with an average of 383,823 stock units at $3,398,543.
Sagicor Select Manufacturing & Distribution Fund led trading with 1.13 million shares for 15 percent of total volume, followed by Caribbean Producers, with 1.08 million units for 14.4 percent of the day’s trade and Sagicor Select Financial Fund with 971,166 stocks for 12.9 percent of the volume traded.
The All Jamaican Composite Index rose 4,292.44 points to close at 367,664.97, the JSE Main Index popped 3,280.95 points to finish at 323,843.10 and the JSE Financial Index climbed 0.47 points to end at 66.63. At the close, the Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and two with lower offers.
The Main Market ended trading with an average PE Ratio of 13.5. The JSE Main and the 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 2026.
At the close of the market, Caribbean Producers rallied 36 cents to close trading at $7.96 after an exchange of 1,082,674 shares, GraceKennedy popped $2 in closing at $73 after an exchange of 2,019 stock units, Guardian Holdings gained $12 to close at $382, with 12,012 shares crossing the exchange. Jamaica Broilers rose $1.47 to end at $24.97 after a transfer of 40 stocks, Jamaica Producers advanced $1 and ended at $24, with 4,739 stock units changing hands, Jamaica Stock Exchange increased 86 cents to finish at $12.29 as investors exchanged 13,963 shares. JMMB Group dipped 48 cents and ended at $17.50, with an exchange of 17,947 stock units, Kingston Properties climbed 99 cents to $9.10 with an exchange of 151,309 stocks, Kingston Wharves rose $1.23 to close at $29.80, with 4,772 units crossing the market. Massy Holdings gained $1 in closing at $77.50 in trading 396 shares, MPC Caribbean Clean Energy sank 90 cents to finish at $41.60 after 150 stock units passed through the market, NCB Financial skidded 45 cents to end at $41.40 in switching ownership of 73,277 units. Pan Jamaica popped $1.07 to $49.10 with investors trading 50,201 stocks, Sagicor Group climbed $1.10 to finish at $41.21 in an exchange of 81,825 units, Seprod increased $2.54 and ended at $79.59 with investors swapping 10,971 shares and Wisynco Group rallied $1 to close at $21 with a transfer of 68,841 stocks.
In the preference segment, Eppley 7.25% preference share advanced 50 cents in closing at $19.50, with 112 stock units crossing the market, 138 Student Living preference share popped $42.85 to end at $263 in an exchange of 93 shares. Productive Business Solutions 10.5% sank $5 in closing at $1155 with traders dealing in 4 stock units, Sygnus Credit Investments 10% rallied 90 cents to $104.78 after an exchange of 850 stocks and Sygnus Credit Investments C10.5% rose $4.90 to finish at $104.90 with investors trading 45 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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