Gains for JSE main market

Stocks traded mostly higher on Thursday, leading the major market indices to rise, with the volume of stocks rising 10 percent with 16 percent greater than on Wednesday at the Jamaica Stock Exchange Main Market as rising stocks exceeded were less than those declining.
The All Jamaican Composite Index climbed 3,067.03 points to 439,266.19, the JSE Main Index rose 2,365.47 points to 383,350.63 and the JSE Financial Index increased 0.95 points to settle at 91.88.
Trading ended with 51 securities compared to 54 on Wednesday, with 25 rising, 14 declining and 12 ending unchanged. Ciboney and JMMB Group 7 NC preference share traded at 52 weeks’ high.
A total of 16,705,305 shares were exchanged for $146,234,623 versus 15,220,491 units at $125,757,308 on Wednesday. Trading averages 327,555 units at $2,867,346, compared to 281,861 shares at $2,328,839 on Wednesday and month to date, an average of 264,077 units at $3,886,496, compared to 260,351 units at $3,946,308 on the previous trading day. May closed with an average of 238,645 units at $3,561,016.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.4 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Transjamaican Highway led trading with 5.16 million shares for 30.9 percent of total volume, followed by Wigton Windfarm with 2.82 million units for 16.9 percent of the day’s trade, First Rock Capital with 2.03 million units for 12.1 percent market share, Supreme Ventures with 1.28 million units for 7.7 percent market share and Ciboney Group with 1.08 million units for 6.4 percent market share.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Berger Paints lost $1 in ending at $11, with 35,423 shares changing hands, Caribbean Cement advanced $3.60 to $67.10 after trading 64,553 stock units, Ciboney Group climbed 37 cents to end at a 52 weeks’ high of $1.50 in trading 1,077,445 units. Eppley dropped $3.95 to close at $40 while exchanging 500 stocks, Eppley Caribbean Property Fund popped $4, in closing at $44 with the swapping of 11 shares, First Rock Capital increased 95 cents to $13.25 after exchanging 2,027,822 stock units. Guardian Holdings rose $1 to close at $501, trading 1,605 stocks, Jamaica Stock Exchange shed $1.27 to end at $17 after exchanging 56,302 units, Kingston Wharves gained $2.65 in closing at $39 with 27,672 stock units changing hands. Massy Holdings declined 44 cents to $91.56 with an exchange of 502 stocks, Mayberry Investments rallied 69 cents to close at $10.75 in exchanging 88,876 shares, Mayberry Jamaican Equities fell $1.03 to $13, with 9,558 units crossing the market. NCB Financial rose 50 cents in closing at $103 in an exchange of 72,458 shares, Palace Amusement jumped $86 to end at $986 with four shares crossing the market, PanJam Investment gained $1 in ending at $66 with 39,348 stocks clearing the market. Sagicor Group increased $1.99 in closing at $56.99 after 72,339 stock units crossed the exchange and Seprod popped $1.47 to $71.50 in switching ownership of 6,940 shares.
In the preference segment, JMMB Group 7.25% preference share fell 40 cents to end at $2.28 after exchanging 79 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.