Gains for JSE Main Market

Market activity ended on Monday with the volume of shares rising 35 percent with a moderately lower value than on Friday on the Jamaica Stock Exchange Main Market as rising stocks were less than those declining.
The All Jamaican Composite Index advanced 1,714.09 points to 450,248.74, the JSE Main Index rallied 1,343.48 points to end at 398,145.50 and the JSE Financial Index slipped 0.08 points to settle at 96.39.
Trading ended with 58 securities compared to 59 on Friday, with 20 rising, 16 declining and 22 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.5. The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
Overall, 17,366,749 shares were exchanged for $123,870,428 down from  12,877,557 units at $136,432,061 on Friday. QWI Investments led trading with 28.4 percent of total volume for an exchange of 4.93 million shares followed by Wigton Windfarm, 13.2 percent with 2.29 million units, Sagicor Select Financial Fund, 11.7 percent, with 2.03 million units, Transjamaican Highway accounted for 11 percent with 1.91 million units, JMMB Group 7.25% preference share with 7.1 percent for 1.23 million units and Carreras with 6.8 percent after trading 1.18 million units.
Trading averages 299,431 units at $2,135,697, compared to 218,264 shares at $2,312,408 on Friday and month to date, an average of 250,996 units at $2,443,491, compared to 238,836 units at $2,520,773 on the prior trading day. January closed with an average of 235,328 units at $2,397,571.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Caribbean Cement advanced $4 to $79 in exchanging 16,503 shares, Caribbean Producers rallied $2.13 to end at $19.98 with 369,059 units crossing the market, First Rock Capital popped 43 cents in closing at $12.15 with 23,142 stock units changing hands. Jamaica Producers gained 76 cents in ending at $22.95 with the swapping of 2,993 stocks, Kingston Wharves rose $1.67 to close at $41.98 after 10,926 units crossed the exchange, Massy Holdings dropped $56 in closing at an all-time low since it was listed on the local exchange at $1,994 with a transfer of 5,737 stocks. Mayberry Investments gained 94 cents to finish at $7.05 in trading 9,070 stock units, MPC Caribbean Clean Energy shed 83 cents to close at $119.17 in switching ownership of 5 shares, NCB Financial fell $2.48 to $130.01 after trading 126,999 stock units. Proven Investments picked up 48 cents in ending at $33.48 after exchanging 67,415 shares, Sagicor Group rose $1 to close at $55 in transferring 129,595 units, Scotia Group declined $2.09 to end at $35.51 with 14,043 stock units changing hands. Seprod lost 60 cents to settle at $61.50 after 7,226 stock units crossed the market, Supreme Ventures popped 30 cents in closing at $18.30 in trading 179,005 shares, Sygnus Credit Investments lost 43 cents to end at $14.80 with the swapping of 61,345 stocks. Victoria Mutual Investments rallied 36 cents to $7.10 in switching ownership of 237,292 units, Wisynco Group shed 97 cents in closing at $19.03 with 286,810 shares clearing the market.
In the preference segment, 138 Student Living preference shares advanced $2.10 to end at a 52 weeks’ high of $8.70 in trading 28 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com