Gains for JSE Main Market

Trading activity on the Jamaica Stock Exchange Main Market ended on Thursday with an 85 percent jump in the volume of stocks traded, with the value slipping moderately lower than on Wednesday, with trading in 54 securities compared with 56 on Wednesday, with prices of 11 stocks rising, 18 declining and 25 ending unchanged and leading the market indices higher at the close.
A total of 7,395,292 shares were traded for $44,075,720 compared to 3,998,798 units at $44,873,267 on Wednesday.
Trading averaged 136,950 shares at $816,217 compared to 71,407 units at $801,308 on Wednesday and month to date, an average of 141,743 units at $1,472,344, compared with 142,086 units at $1,519,272 on the previous day and well below November  with an average of 275,587 units at $2,488,949.
JMMB Group 7.5% led trading with 2.06 million shares for 27.9 percent of the total volume followed by Transjamaican Highway with 1.73 million units for 23.4 percent of the day’s trade and Wigton Windfarm with 739,401 units for 10 percent market share.
The All Jamaican Composite Index rose 571.53 points to close at 351,983.29, the JSE Main Index advanced 723.66 points to 315,985.82 and the JSE Financial Index rose 0.11 points to finish at 68.64.
The Main Market ended trading with an average PE Ratio of 12.9. 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 six stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments dropped 90 cents to $70.05 crossing the market 6,662 units, GraceKennedy fell $2.17 to close at $76.40, with investors exchanging 5,277 stocks, Jamaica Broilers climbed $1.49 to end at $34.50 in trading 36,006 shares. Jamaica Stock Exchange rose 38 cents in closing at $9.98 after 26,161 stock units passed through the market, Kingston Properties skidded 39 cents and ended at $6.93 with traders dealing in 2,012 shares, NCB Financial sank 40 cents to $65.40 with 30,214 units crossing the market. Pan Jamaica dipped 40 cents to close at $49.10 as investors exchanged 2,230 stocks, Sagicor Group advanced $1 in closing at $41.50 after an exchange of 87,851 stock units, Scotia Group popped 38 cents to end at $37.50 with investors dealing in 89,402 shares and Sygnus Credit Investments gained 29 cents and ended at $10.99 with a transfer of 4,558 stocks.
In the preference segment, Jamaica Public Service 7% rallied $1 to $41, with 51 units changing hands and Productive Business Solutions 10.5 % preference share lost $30 to end at $1,060 with investors trading 110 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.