GraceKennedy dominated trading on Thursday being the lead trade with 3.45 million shares valued at $249 million at the close of the Jamaica Stock Exchange Main Market that ended with the volume of stocks traded declining by 73 percent with the value surging 63 percent above trading on Wednesday, ending with activity in 57 securities up from 54 on Wednesday, ending with prices of 20 stocks rising, 25 declining and 12 ending unchanged.
Trading closed with an exchange of 7,104,872 shares for $275,255,774 compared with 26,580,065 units at $169,019,186 on Wednesday.
Trading averaged 124,647 shares at $4,829,049 compared to 492,223 units at $3,129,985 on Wednesday and month to date, an average of 871,110 stock units at $8,501,261 compared with 935,480 stock units at $8,817,927 on the previous day and June with an average of 246,425 units at $1,945,941.
GraceKennedy the leading traded stock in the entire stock exchange accounted for 48.5 percent of total Main Market volume followed by Wigton Windfarm with 1.10 million shares for 15.5 percent of the day’s trade and Transjamaican Highway with 990,119 units for 13.9 percent market share.
The All Jamaican Composite Index dropped 1,215.46 points to end the day at 352,863.62, the JSE Main Index fell 860.58 points to close at 312,753.36 and the JSE Financial Index slipped 0.12 points to settle at 65.65.
The Main Market ended trading with an average PE Ratio of 13.8. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Eppley rallied $1.90 and ended at $37.90 in switching ownership of 100 stocks, Eppley Caribbean Property Fund popped $3.38 to $40.98 with investors trading 165 units, First Rock Real Estate declined 32 cents to finish at $10.20, with 7,881 stocks crossing the market. GraceKennedy sank 50 cents to close at $72, with 3,445,766 shares crossing the market, JMMB Group dropped $1.60 to finish at a 52 weeks’ closing low of $22 with investors swapping 90,678 stock units, Jamaica Broilers increased 36 cents to close at $33.36 in an exchange of 32,774 stocks. 
Kingston Wharves fell $1.84 in closing at $25.99 after a mere 2,089 shares passed through the market, Mayberry Jamaican Equities climbed 64 cents to end at $9.52 as investors exchanged 4,698 units and Proven Investments rose 65 cents to $19.75, with 36,876 stocks crossing the market.
In the preference segment, Eppley 7.25% preference share gained $2.79 and ended at $19.80 in an exchange of a mere 10 stock units, Jamaica Public Service 7% sank $5.34 in closing at $42 with investors trading 325 shares and 138 Student Living preference share lost $12.64 to end at $127.36 after an exchange of 100 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Grace dominated the JSE Main Market
July 18, 2024 by IC Insider.com
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, AS Bryden, Barita Investments, Berger Paints, Caribbean Cement, Caribbean Producers, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, General Accident, Grace Kennedy, Innovative Energy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Lasco Distributors, Lasco Manufacturing, Mayberry Group, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group
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