Gains for JSE main index in January

Trading on the Jamaica Stock Exchange Main Market ended on Wednesday, with the main market index gaining nearly one percent for the year to date after the volume of stocks traded rose 29 percent with a value 55 percent lower than on Tuesday, following trading in 59 securities compared with 53 on Tuesday, with prices of 28 rising, 12 declining and 19 ending unchanged, with three stocks closed at 52 weeks’ highs and one trading at an intraday 52 weeks’ low.
The market closed with 21,834,379 shares being trading for $105,407,979 compared with 16,924,804 stock units at $233,823,266 on Tuesday.
Trading averaged 370,074 shares at $1,786,576 compared to 319,336 units at $4,411,760 on Tuesday and month to date, an average of 265,804 stocks at $2,438,118 compared with 260,532 units at $2,471,058 on the previous day and December with an average of 264,266 units at $3,755,946.
Wigton Windfarm led trading with 10.87 million shares for 49.8 percent of the total volume followed by JMMB 9.5% preference share with 3.85 million units for 17.6 percent of the day’s trade, Transjamaican Highway chipped in with 1.74 million stock units for 8 percent market share after it close at a 52 weeks’ high of $3.26 and Carreras with 1.53 million shares for 7 percent of total volume.
The All Jamaican Composite Index rallied 4,164.96 points to settle at 365,827.98, the JSE Main Index popped 3,750.40 points to wrap up trading at 328,475.09 and the JSE Financial Index popped 0.53 points to 69.97.
The Main Market ended trading with an average PE Ratio of 13.5. 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 ended with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Cement popped $2.30 in closing at $57 with an exchange of 266,764 stocks, First Rock Real Estate rose 49 cents to $9, with 39,115 stock units crossing the market, Jamaica Broilers popped $1 to close at $34 in an exchange of 43,932 shares. Jamaica Producers rose 80 cents and ended at $24 with 85,569 stock units clearing the market, JMMB Group rallied $2.29 to end at $26 in trading 413,368 shares after hitting an intraday 52 weeks’ low of $23.01, Kingston Properties gained 35 cents to $7.55 after a transfer of 791,913 units. NCB Financial advanced $1 and ended at $67.50 in switching owners for 159,194 stocks, Pan Jamaica rose $1.51 to close at $51.51 after investors ended trading 33,422 stock units, Proven Investments gained 45 cents in closing at $22.50, with 3,444 shares crossing the exchange. Salada Foods sank 31 cents to end at $3.50, with 2,002 units changing hands, Scotia Group popped $2.59 to close at a 52 weeks’ high of $42.59 after an exchange of 80,990 stock units, Seprod climbed $4.50 and $89 with investors dealing in 30,677 stocks. Supreme Ventures climbed 35 cents to $25.45 while 13,809 shares were traded, Sygnus Real Estate Finance gained $1.25 to end at $11.50 with a transfer of 253 stock units and Wisynco Group rallied 50 cents to close at a 52 weeks’ high of $22.50 after 342,811 stocks passed through the market.
In the preference segment, Eppley 7.75% preference share rose $4.95 to $22.95 with investors transferring 695 units, 138 Student Living preference share fell $25.72 to $192.28 after an exchange of 182 shares and Sygnus Credit Investments C10.5% advanced 50 cents and ended at $107 with investors trading 5 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.