Caribbean Cement hits new $105 high


Caribbean Cement was the biggest mover on Monday, with the price jumping $13.25 to a 52 week high of $105, and ending with just three lots of less than 5,000 shares on offer at $122 and above with small amounts on the bid at $90 and below at the close on the Jamaica Stock Exchange Main Market, with the volume of stocks traded declining 74 percent and the value 67 percent lower than on Thursday, with trading in 58 securities compared with 56 on Thursday, with prices of 17 rising, 26 declining and 15 ending unchanged.

The market closed with 14,588,589 shares trading for $111,467,715, sliding from 54,924,780 stock units at $327,955,193 on Thursday.
Trading averaged 251,527 shares with an average of $1,921,857 compared with 980,800 stocks at $5,856,343 on Thursday and July, with an average of 270,399 stock units at $2,493,078.
Transjamaican Highway led with 4.64 million shares accounting for 31.8 percent of the total volume to be followed by Sagicor Select Manufacturing & Distribution Fund which ended with 3.71 million stocks for 25.4 percent of the day’s trade, Wigton Energy closed with 2.03 million stock units for 13.9 percent of the volume traded and NCB Financial with 1.83 million share for 12.6 percent of market trade.
The All Jamaican Composite Index fell 2,013.76 points to settle at 353,527.66, the JSE Main Index dropped 1,355.38 points to 307,247.69 and the JSE Financial Index dipped 0.26 points to wrap up trading at 62.27. At the close, the Investor’s Choice bid-offer indicator shows 10 stocks ended with bids higher than their last selling prices and eight with lower offers.
The Main Market ended trading with an average PE Ratio of 13.6. The JSE Main and the USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with fiscal year ending around August 2025.
At the close of the market, Caribbean Cement rallied $13.25 to end at a 52 week high of $105 with 109,990 shares changing hands, as investors cleared out offers below $122. Eppley popped 82 cents to $33.32 with 81 stock units passing through the market, Eppley Caribbean Property Fund sank 99 cents to finish at $41.51 in trading 233 shares. GraceKennedy climbed $2 and ended at $70 with 27,656 stocks crossing the market, Guardian Holdings increased $1 in closing at $309 as investors exchanged 15,992 units, Kingston Wharves rose $1.30 to close at $31.20 with an exchange of 2,548 shares. NCB Financial skidded $2.60 to a 52 week closing low of $28.90, after the price hit an intraday low of $27.50, with investors trading 1,834,138 stock units, Proven Investments sank 77 cents to finish at $17.20 in an exchange of 87,761 stocks, Sagicor Group declined $1.07 and ended at $41 with 15,735 units clearing the market. Scotia Group gained $1.95 to close at $55.95 after an exchange of 9,995 stocks, Seprod fell 45 cents to end at $83 with investors dealing in 11,449 units and Sygnus Real Estate Finance advanced $1.19 in closing at $8.49 after an exchange of 1,100 shares.
In the preference segment, 138 Student Living preference share dropped $9.96 to $230 with investors trading 75 stock units and Sygnus Credit Investments C10.5% lost 99 cents and ended at $102 with 509 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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