Bullishness descending on the JSE Main Market

Trading on the Jamaica Stock Exchange Main Market ended on Friday, with the market exhibiting some bullishness, with several stocks posting sizable gains, with prices of 25 stocks rising, 17 declining and 17 ending unchanged from trading in 59 securities compared with 51 on Thursday, but the volume of stocks changing hands declined 55 percent at a 6 percent greater value than the previous day.
The market closed with 9,369,749 shares trading valued at  $95,805,466 compared with 20,842,200 units at $90,178,686 on Thursday.
Trading averaged 158,809 shares at $1,623,821 compared to 408,671 units at $1,768,210 on Thursday and month to date, an average of 244,090 units at $1,559,766 compared to 249,142 units at $1,555,971 on the previous day and December  averaging 264,266 units at $3,755,946.
Wigton Windfarm led trading with 2.90 million shares for 30.9 percent of the day’s volume followed by Transjamaican Highway with 2.44 million units for 26.1 percent of the day’s trade and Sagicor Select Financial Fund with 514,757 units for 5.5 percent market share.
The All Jamaican Composite Index advanced 1,200.87 points to conclude trading at 360,257.92, the JSE Main Index rallied 1,549.21 points to finish at 323,274.84 and the JSE Financial Index rose 0.15 points to 69.39.
The Main Market ended trading with an average PE Ratio of 13.4. 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 around August 2024.
Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, AS Bryden lost 99 cents and ended at $42 after a transfer of 15,602 units, Barita Investments increased 80 cents to $71.20 closed with an exchange of 1,437 stocks, Berger Paints climbed 46 cents to end at $6.01 with investors transferring just 485 shares. Caribbean Producers sank 40 cents in closing at $8.25 as 70,764 stock units passed through the market, Eppley rose $1 to close at $38.10 with investors trading 7,120 shares, First Rock Real Estate gained 31 cents to $8.80 after an exchange of 63,060 stock units. Jamaica Producers declined $1.15 to close at $21.66 in trading 13,320 units, Massy Holdings popped $2 to end at $90 with 292,850 stocks changing hands, NCB Financial fell 73 cents in closing at $67.27 with investors dealing in 34,226 shares. Pan Jamaica rallied $3.90 and ended at $50, with 17,066 stocks crossing the market, Proven Investments jumped $5.05 to $27 in switching ownership of 40,412 units, Sagicor Group popped $1 to close at $43 with investors swapping 16,955 stock units. Scotia Group skidded 96 cents to end at $40.50 with a transfer of 8,633 shares, Seprod climbed $2.05 in closing at $85.55 while trading 2,922 stock units, Stanley Motta increased 55 cents and ended at $7, after hitting an intraday 52 weeks’ high of $8 and ended with 1,030 units crossing the exchange and Supreme Ventures dipped 50 cents to $24.50 with traders dealing in 228,609 stocks.
In the preference segment, Eppley 7.25% share shed $1.90 to close at $17 while exchanging 8,250 shares, Eppley 7.75% dropped $4.95 to end at $18, with 1,000 stock units crossing the market. 138 Student Living preference share jumped $28.84 in closing at in closing at a 52 weeks’ high of $221.12 with an exchange of a mere two units, Productive Business Solutions 10.5 % gained $125 and ended at $1,200 with 170 stocks clearing the market and Sygnus Credit Investments C10.5% advanced $2 to $107 in an exchange of just two units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.