Big trading day for JSE Main Market

Trading jumped sharply on the Jamaica Stock Exchange Main Market ended on Friday, with the volume of stocks traded jumping 230 percent and the value 540 percent more than on Thursday, with 59 securities trading compared with 54 on Thursday, with 28 rising, 15 declining and 16 ending unchanged.
Overall, 24,406,102 shares were traded for $281,890,487 up from 7,395,292 units at $44,075,720 on Thursday.
Trading averaged 413,663 shares at $4,777,805 compared to 136,950 units at $816,217 on Thursday and month to date, an average of 160,226 units at $1,697,024 compared to 141,743 units at $1,472,344 on the previous day, down from November with an average of 275,587 units at $2,488,949.
JMMB Group 7.5% led trading with 10.0 million shares for 41 percent of the total volume followed by Sygnus Credit Investments with 5.84 million units for 23.9 percent of the day’s trade, Jamaica Producers chipped in with 2.87 million units for 11.8 percent market share, Pan Jamaica ended with 1.50 million units for 6.1 percent of the day’s trade and Transjamaican Highway with 1.07 million units for 4.4 percent of total volume.
The All Jamaican Composite Index advanced 1,555.49 points to 353,538.78, the JSE Main Index climbed 812.63 points to end at 316,798.45 and the JSE Financial Index gained 0.14 points to conclude trading at 68.78.
The Main Market ended trading with an average PE Ratio of 13.1. 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 around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Carreras advanced 34 cents to $8.49 with traders dealing in 294,083 shares, Eppley skidded $4.48 and ended at $34.51 while exchanging 605 stocks, Eppley Caribbean Property Fund rose $2.60 in closing at $42.10 with a transfer of 5,795 units. GraceKennedy rallied $3.59 to close at $79.99 after exchanging 88,239 stock units, Jamaica Producers lost $1.47 to end at $22.25 after 2,872,038 shares passed through the market, Key Insurance increased 30 cents in closing at $2.40 with an exchange of 2 units. Kingston Properties climbed 39 cents to $7.32 after investors traded 6,242 stocks, MPC Caribbean Clean Energy popped 88 cents and ended at $89.89 after an exchange of 6 stock units, NCB Financial gained 60 cents to close at $66 with investors trading 12,768 shares. Sagicor Group rose 30 cents to end at $41.80, with 1,104 units crossing the market, Scotia Group gained 90 cents to end at $38.40 with investors trading 37,378 stocks, Seprod popped $1 to close at $75, with 313,626 units crossing the market and Wisynco Group climbed 50 cents in closing at $20.50 after a transfer of 15,192 shares.
In the preference segment, Jamaica Public Service 7% increased $4 to end at $45 with 7,103 stock units clearing the market and Productive Business Solutions 9.75% preference share advanced $4.50 and ended at $120 in switching ownership of 5 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.