Gains for JSE Main Market

The market indices of the Jamaica Stock Exchange Main Market rose at the close of the market on Monday, following gains on Friday, with the volume of stocks traded declining 46 percent and the value marginally more than on Friday, after trading occurred in 57 securities compared to 58 on Friday and ended with prices of 20rising, 23 declining and 14 ending unchanged.
Trading ended with an exchange of 9,372,400 shares at $39,505,396 compared with 17,428,579 units at $38,758,141 on Friday.
Trading averaged 164,428 shares at $693,077 versus 300,493 shares at $668,244 on Friday. Trading month to date averaged 223,548 units at $896,036 compared to 230,842 units at $921,077 on the previous trading day. March closed with an average of 356,137 units at $3,015,416.
Transjamaican Highway led trading with 4.70 million shares for 50.2 percent of total volume followed by Wigton Windfarm with 1.94 million units for 20.7 percent of the day’s trade and QWI Investments with 481,827 units for 5.1 percent of market share.
The All Jamaican Composite Index rallied 1,881.29 points to end at 373,005.45, the JSE Main Index popped 593.23 points to conclude trading at 336,049.32 and the JSE Financial Index increased 0.86 points to settle at 76.93.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.6 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last selling prices of stocks and earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows 10 stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Berger Paints rallied 75 cents after ending at $8.45 after trading 401 shares, GraceKennedy gained $1.49 to close at $79.99 as 9,436 stocks passed through the market, Guardian Holdings increased $20 to end at $495 after a transfer of 21 units, Key Insurance dropped 40 cents to close at $3.25 as investors exchanged 647 stock units, Kingston Properties advanced 40 cents in closing at $7.49 with 287,490 stock units clearing the market, Kingston Wharves declined $3.28 to end at $30.52, with  1,961 units changing hands, Margaritaville fell $3.49 to close at $15 after 311 stocks crossed the exchange, Massy Holdings lost $5 to end at $95 with the swapping of 692 shares, Mayberry Jamaican Equities dipped 83 cents in closing at $10.57 with an exchange of 57,948 stock units, NCB Financial shed $2.87 after ending at $71.50 in an exchange of 117,341 shares, Portland JSX fell 70 cents to $10.78 after an exchange of 274 stocks, Proven Investments popped 82 cents to close at $27.32 with 9,778 units passing through the market, Seprod rose $8.85 in closing at $71 with 87,260 stocks crossing the exchange, Supreme Ventures climbed 76 cents to end at $26.80 while trading 37,646 stock units, Transjamaican Highway 8% climbed 49 cents in ending at a record high of $3.50 after trading 4,670 units.
In the preference segment, Jamaica Public Service 7% lost $8.61 to end at $31.70, with 837 shares crossing the market and Productive Business Solutions 9.75% preference share rallied $1 to $107 in switching ownership of 2 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.