Gains for JSE Main Market

The Main Market of the Jamaica Stock Exchange ended on Thursday, with the volume of stocks traded rising 21 percent valued at 9 percent less than on Wednesday, with trading in 55 securities compared with 56 on Wednesday and resulted in prices of 26 stocks rising, 14 declining and 15 ending unchanged.
The market closed with 23,595,187 shares being traded for $144,177,624 compared with 19,510,472 units at $158,059,371 on Wednesday.
Trading averaged 429,003 shares at $2,621,411 compared to 348,401 units at $2,822,489 on Wednesday and for the month to date, an average of 1,392,755 stock units at $3,048,797, in comparison with 1,492,956 units at $3,093,232 on the previous day and February that closed with an average of 385,143 units at $3,418,046.
General Accident led trading with 5.0 million shares for 21.2 percent of total volume followed by Wigton Windfarm with 4.63 million units for 19.6 percent of the day’s trade, Radio Jamaica closed with 4.41 million units trading for 18.7 percent of the market trade, Carreras closed with 3.57 million units for 15.1 percent market share, Transjamaican Highway ended with 2.83 million units for 12 percent of trading and QWI Investments with 1.17 million units for 5 percent of total volume.
The All Jamaican Composite Index popped 331.63 points to finish at 366,543.41, the JSE Main Index rallied 88.64 points to end the day at 326,974.20 and the JSE Financial Index rose 0.31 points to end the day at 69.46.
The Main Market ended trading with an average PE Ratio of 13.7 The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with financial year ending around August 2024.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, AS Bryden fell 32 cents and ended at $40.67 as investors exchanged 100 stock units, Carreras climbed 63 cents to $9.13, with 3,567,002 shares changing hands, Guardian Holdings jumped $6.88 to close at $346.89 with investors dealing in 4 stocks. Jamaica Stock Exchange popped 40 cents to end at $10.70 while investors were exchanging 201,083 units, JMMB Group rallied 88 cents in closing at $26.88 with 123,153 stocks changing hands, Key Insurance dropped 39 cents to $2.18 in an exchange of 18,397 units. Kingston Properties rose 42 cents to close at $7.50, with 623 shares crossing the market, Kingston Wharves lost $5.80 and ended at $28.90 in trading 6,937 stock units, Mayberry Group gained 50 cents to end at $8 with 1,501 shares crossing the exchange. 138 Student Living sank 57 cents in closing at $3.63 in switching ownership of 23,710 stock units, Pan Jamaica advanced $3.40 to $50.20 after 776 units passed through the market, Proven Investments shed $1.97 and ended at $21.85 with investors trading 9,266 stocks. Scotia Group popped $3 to end at $46 after a transfer of 461,066 units, Seprod climbed $2.95 in closing at $85 with investors swapping 538 shares, Supreme Ventures increased by 60 cents to close at $25.14 in an exchange of 27,521 stock units and Sygnus Credit Investments rose 49 cents to $11.12 with investors transferring 11,391 stocks.
In the preference segment, 138 Student Living preference share declined $32.70 to close at $185.30 after an exchange of 50 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.