Gains for JSE Main Market stocks

Trading remained at recent low levels at the close of the Jamaica Stock Exchange Main Market on Thursday, with the volume of stocks traded declining 19 percent and the value 7 percent lower than the already puny level on Wednesday, with trading in 55 securities compared to 57 on Wednesday, with prices of 19 rising, 18 declining and 18 ending unchanged.
A total of 10,510,147 shares were traded for $39,934,059 compared to 12,992,157 units at $42,746,105 on Wednesday.
Trading averaged 191,094 shares at $726,074 compared with 227,933 shares at $749,932 on Wednesday and month to date, an average of 228,878 units at $967,239, compared with 241,174 units at $1,045,725 on the previous day. March closed with an average of 356,137 units at $3,015,416.
Transjamaican Highway headed trading with 3.96 million shares for 37.7 percent of the total volume followed by Sagicor Select Financial Fund with 1.69 million units for 16.1 percent of the day’s trade, Wigton Windfarm ended with 1.68 million units for 16 percent market share and QWI Investments with 1.32 million units for 12.6 percent of day’s volume.
The All Jamaican Composite Index climbed 1,349.36 points to conclude trading at 370,515.63, the JSE Main Index increased 1,175.40 points to 331,393.01 and the JSE Financial Index rallied 0.17 points to close at 76.47.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.5 for the Main Market. The JSE Main and USD Market PE ratios incorporate 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 seven stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Cement dropped 94 cents in closing at $59 with investors transferring 2,463 shares, Eppley rallied $4.98 to $37.49 as investors exchanged 86 stock units, First Rock Real Estate gained, with $1.11 to end at $11.85 with an exchange of 42 units, Jamaica Stock Exchange rose 46 cents to close at $13.51 with investors exchanging of 371 stocks, JMMB Group climbed $2.49 after ending at $31.49, with 9,256 stock units changing hands, Kingston Wharves advanced 61 cents to $31.15 w ith investors exchanging 150,000 units, Mayberry Investments declined 40 cents to close at $7.60 in switching ownership of 17,378 stocks, Proven Investments fell 60 cents in closing at $26 after 4,792 shares crossed the market, Sagicor Group increased by $1 after in ending at $48, with 10,735 stocks crossing the market, Seprod popped 99 cents to end at $68 after trading 27,037 units, Sterling Investments advanced 42 cents to $2.96 as 88,527 shares passed through the market, Supreme Ventures dipped 50 cents to close at $26.50 in trading 107,575 stock units, Sygnus Credit Investments increased 40 cents in closing at $12 after an exchange of 10,840 stock units and Sygnus Real Estate Finance rallied $1.50 to $13.13 after a transfer of 227 stocks.
In the preference segment, Jamaica Public Service 7% lost $14.30 to end at $69.70 after exchanging 87 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.