Carib Cement hits one year high

Caribbean Cement surged $5.11 to close at a 52 weeks’ high of $63 on the Jamaica Stock Exchange Main Market on Wednesday in response to solid first quarter results and helped in the trading of 59 securities compared with 65 on Tuesday, with prices of 17 rising, 27 declining and 15 ending unchanged following a modest drop in the volume of stocks traded after a 45 percent drop in the value compared with Tuesday.
The market closed with trading in 17,557,651 shares for $62,870,817 compared with 17,048,881 units at $114,820,484 on Tuesday.
Trading averaged 297,587 shares at $1,065,607 compared with 262,290 stock units at $1,766,469 on Tuesday compared with April with an average of 680,802 units at $3,619,595.
Wigton Windfarm was the leading traded stock with 9.21 million units for 52.5 percent of total volume followed by Transjamaican Highway  with 5.36 million stocks for 30.5 percent of the day’s trade and Sagicor Select Financial Fund with 799,442 units for 4.6 percent market share.
The All Jamaican Composite Index gained 1,210.71 points to end at 361,367.26, the JSE Main Index increased 415.26 points to 322,448.87 and the JSE Financial Index inched 0.09 points higher to end the day at 69.18.
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 2025.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments increased 48 cents and ended at $72.48 after a transfer of 1,046 shares, Caribbean Cement jumped $5.11 to close at a 52 weeks’ high of $63 after 162,429 units were traded, Eppley Caribbean Property Fund fell $2.79 to end at $37.20 after 161 shares passed through the market. Guardian Holdings dropped $9.80 in closing at $360.20 after an exchange of 12 stock units, Jamaica Stock Exchange sank 95 cents to close at $10.52, with 3,923 shares crossing the market, JMMB Group dipped $1 to finish at $24 as investors exchanged 13,432 stock units. Kingston Wharves lost $1.85 to close at $26 with 28,671 units clearing the market, Massy Holdings declined by 89 cents to finish at $88.61 after an exchange of 229 stocks, Mayberry Group rose $1.55 to close at $8.89 with investors trading 184,475 shares. Pan Jamaica shed $1.01 to end at $49.99, with 22,567 units crossing the exchange, Proven Investments rallied $1.70 to close at $21.25 in switching ownership of 260 stocks, Scotia Group skidded 90 cents to close at $43 with traders dealing in 6,815 stock units. Seprod slipped $2.89 to $82.10 in an exchange of 5,130 shares and Stanley Motta popped $1.10 to finish at $7.20, with 519 stocks crossing the market.
In the preference segment, Jamaica Public Service 7% sank $6.43 and ended at $42.51 with an exchange of 224 units and 138 Student Living preference share gained $28 in closing at $218 after trading just one stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.