Guardian Holdings jumped 28.5 percent on limited volume after jumping $144 on the Jamaica Stock Exchange Main Market on Friday, with the supply of the stock available for sale virtually dried up after several months of selling pressure. The overall Main Market volume of stocks traded rose 12 percent, with a value 250 percent greater than on Thursday, leading the market to climb as rising stocks exceeded those declining.
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The All Jamaican Composite Index rallied 3,224.68 points to 423,550.33, the JSE Main Index jumped 3,601.11 to 372,936.80 and the JSE Financial Index popped 1.98 points to close at 89.43.
Trading ended with 51 securities compared to 58 on Thursday, with 21 rising, 16 declining and 14 ending unchanged.
At the close, 18,706,267 shares were exchanged for $161,301,374 versus 16,728,941 units at $46,042,543 on Thursday. Trading averaged 366,790 units at $3,162,772, compared to 288,430 shares at $793,837 on Thursday and month to date, an average of 228,567 units at $1,609,780, compared to 186,606 units at $1,138,336 on the previous trading day. July closed with an average of 173,643 units at $1,683,017.
Mayberry Investments led trading with 6.92 million shares for 37 percent of total volume, followed by Wigton Windfarm with 6.52 million units for 34.8 percent of the day’s trade, Transjamaican Highway with 1.34 million units for 7.2 percent market share and Sagicor Select Financial Fund with 1.32 million units for 7 percent market share.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.9 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to August 2023.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and two stocks with lower offers.
At the close, Berger Paints fell 85 cents to $11 in switching ownership of 4,806 shares, Caribbean Cement rose 70 cents in ending at $61.70 and trading 20,688 stocks, First Rock Real Estate popped 47 cents to end at $12.47 in an exchange of 2,996 units.GraceKennedy dropped $2.60 in closing at $96.30, with 104,922 stock units crossing the exchange, Guardian Holdings gained $144 to close at $650 with an exchange of 1,126 stocks, but the offer for the stock was at $590 at the close, Mayberry Investments climbed 35 cents to $9.20 and closed with 6,918,037 stock units changing hands. MPC Caribbean Clean Energy shed $1 in closing at $84 after trading 110 units, NCB Financial increased $1.58 to $99 while exchanging 75,228 shares, Palace Amusement rallied $122.99 to close at $879 after exchanging two units. 
Proven Investments declined 45 cents to end at $33 after trading 230 stock units, Scotia Group advanced 91 cents to $34.98, with 612,178 stocks crossing the market, and Seprod popped $1.93 to end at $70 with the swapping of 505 shares. Supreme Ventures lost $1.12 in closing at $27.88 after trading 289,299 stocks, Sygnus Credit Investments gained 39 cents to close at $13.60 in exchanging 52,252 shares, Sygnus Real Estate Finance fell $1.50 in ending at $11 with 1,089 units clearing the market and Wisynco Group shed 47 cents in ending at $18 with an exchange of 50,696 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
