Heavy trading continues JSE main market

Market activity on the Jamaica Stock Exchange Main Market ended on Thursday, with the volume of stocks traded declining 19 percent, with a 56 percent lower value than Wednesday, as 57 securities traded compared to 55 on Wednesday, with 20 rising, 29 declining and eight ending unchanged.
A total of 31,634,499 shares were traded for $412,915,308 down from 38,832,617 units at $938,675,238 on Wednesday. Trading averaged 554,991 units at $7,244,128 versus 706,048 shares at $17,066,823 on Wednesday. August’s average was 738,534 units at $5,975,613.
QWI Investments led trading with 12.17 million shares accounting for 38.5 percent of total volume followed by Jamaica Broilers with 5.23 million units for 16.5 percent of the day’s trade, 138 Student Living with 2.94 million units for 9.3 percent market share, First Rock Real Estate with 2.38 million units for 7.5 percent market share, Supreme Ventures with 1.26 million units for 4 percent market share and Sagicor Select Financial Fund with 1.01 million units for 3.2 percent market share.
The All Jamaican Composite Index gained 561.84 points to end at 408,944.09, the JSE Main Index rose 1,464.43 points to 360,759.12 and the JSE Financial Index popped 0.26 points to settle at 85.51.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.4 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 and August 2023.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Eppley dipped 99 cents in closing at $39.01 after trading 351 shares, Eppley Caribbean Property Fund dropped $2.40 to $41.60 with the swapping of 295 stock units, First Rock Real Estate fell 90 cents to end at $11.50, with 2,381,918 units crossing the market. GraceKennedy lost $2.30 ending at $92.70 with 427,702 stocks changing hands, Guardian Holdings popped $31 to close at $547 in an exchange of 64 stock units, Jamaica Broilers declined 99 cents to $28 in switching ownership of 5,234,006 stocks. Jamaica Producers shed $1.96 to close at $19.02 after exchanging 74,745 units, Jamaica Stock Exchange lost 53 cents to $17.82 in exchanging 49,538 shares, Kingston Wharves declined 40 cents to end at $37.30 as investors exchanged 107,916 units. Massy Holdings rallied $2.02 in closing at $89 in exchanging 42,072 stock units, Mayberry Investments dropped 84 cents to close at $8.38 with an exchange of 53,916 stocks, NCB Financial fell $3.90 to a 52 weeks’ low of $90, with 160,992 shares changing hands. PanJam Investment dipped $2.47 to end at $59.53 and closed with 95,253 shares passing through the exchange, Proven Investments increased $2.59 in closing at $32.59 in trading 1,622 units, Sagicor Group rose 50 cents to $54.50 with a transfer of 20,548 stock units. Scotia Group shed $1.05 to close at $30.95 after a transfer of 533,796 stocks, Stanley Motta slipped 50 cents to $5 while exchanging 11,180 stock units and Supreme Ventures climbed 60 cents to end at $29.12 with investors transferring 1,258,424 shares.
In the preference segment, 138 Student Living preference share advanced $6.75 to $51.75, with 5 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.