Guardian Holdings surged $42 in trading on the Jamaica Stock Exchange Main Market on Monday, with investors clearing the market of all stocks on offer, following the ICInsider TOP10 report on Sunday, indicating that the supply of the stock on offer had declined sharply. At the close of the market, similar to Friday, there was an exchange of 60 securities, with prices of 24 rising, 20 declining and 16 ending unchanged and ended with a solid upward swing in the market indices.
The market closed with 113 percent increase in volume to 13,175,750 shares trading for $118,093,716, up from 6,188,249 stocks at $55,370,983 on Friday.
Trading averaged 219,596 shares at $1,968,229, up from 103,137 shares at $922,850 on Friday and month to date, an average of 1,548,789 units at $6,488,458, just below the 1,629,509 shares at $6,762,966 on the previous day and March with an average of 896,190 stock units at $20,804,277.
Wigton Energy led trading with 6.08 million shares for 46.2 percent of total volume, followed by Transjamaican Highway with 2.65 million units for 20.1 percent of the day’s trade and JMMB Group 7.35% – 2028 with 655,653 shares for 5 percent of the volume traded.
The All Jamaican Composite Index surged 8,077.93 points to finish at 371,312.55, the JSE Main Index jumped 5,411.95 points to end at 321,170.96 and the JSE Financial Index rose 2.16 points to conclude trading at 67.79. At the close, the Investor’s Choice bid-offer indicator shows 14 stocks ending with bids higher than their last selling prices and seven with lower offers.
The Main Market ended trading with an average PE Ratio of 13.3. The JSE Main and the 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.
At the close, Caribbean Cement skidded $1.80 to end at $82 with a transfer of only 792 shares, Eppley Caribbean Property Fund sank $3.18 to $35 as investors exchanged 642 units, General Accident dipped 59 cents to finish at $4.80 after a transfer of 16,753 stocks. Guardian Holdings jumped $42 and ended at $350 in trading 56,215 shares, Jamaica Broilers gained $2.10 in closing at $28, with 234,241 stock units changing hands, Jamaica Producers popped 95 cents to close at $24.90 with an exchange of 116 shares. Jamaica Stock Exchange increased 48 cents to $12.68 with 32,865 units crossing the market, JMMB Group climbed $3.48 to finish at $22.50 with traders dealing in 602,528 stocks, Kingston Wharves sank 58 cents and ended at $27.84 in an exchange of 160 stock units. Margaritaville advanced $1.21 to $15.55 with investors dealing in 66 shares, Massy Holdings dropped $1.09 to close at $78.40 after an exchange of 10,333 stock units,