JSE Main Market bounce on Friday

Trading activities fell on the Jamaica Stock Exchange Main Market ended on Friday, with a 13 percent dip in the volume of stocks that were exchanged, valued 50 percent lower than on Thursday, with trading in 58 securities compared with 55 on Thursday, with prices of 20 stocks rising, 22 declining and 16 ending unchanged after QWI Investments closed at 52 weeks’ high of 80 cents to be up 31 percent for the year to date.
The market closed with 20,635,786 shares trading for $71,375,395 down from 23,595,187 units at $144,177,624 on Thursday.
Trading averaged 355,789 shares at $1,230,610 compared to 429,003 units at $2,621,411 on Thursday and month to date, an average of 1,299,073 units at $2,884,537 compared to 1,392,755 units at $3,048,797 on the previous day and February with an average of 385,143 units at $3,418,046.
Wigton Windfarm led trading with 12.52 million shares for 60.7 percent of the total traded volume followed by Radio Jamaica with 3.02 million units for 14.6 percent of the day’s trade, Transjamaican Highway ended with 1.62 million units for 7.9 percent market share and Carreras with 1.02 million units for 4.9 percent of total volume.
The All Jamaican Composite Index rallied 1,253.54 points to end at 367,796.95, the JSE Main Index gained 1,821.11 points to end at 328,795.31 and the JSE Financial Index climbed 1.39 points to end the day at 70.85.
The Main Market ended trading with an average PE Ratio of 13.9.The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and nine with lower offers.
At the close, AS Bryden fell 68 cents and ended at $39.99 with investors trading 447 units, Caribbean Cement lost 60 cents to close at $56 with 13,075 stocks clearing the market, Eppley rallied $5.78 in closing at $40.50 after an exchange of 20 shares. First Rock Real Estate popped 90 cents to end at $9.90 after exchanging one stock unit, General Accident advanced 34 cents to close at $5.61, with just two shares crossing the market, Guardian Holdings rose $22.11 to $369 with traders dealing in 100 units. Jamaica Producers gained $1.28 and ended at $23.50 in an exchange of 3,003 stocks, Jamaica Stock Exchange sank 70 cents to end at $10 and closed after 79,230 stock units were traded, JMMB Group climbed 41 cents in closing at $27.29 in trading 376,654 shares. Kingston Properties fell 50 cents to close at $7 as 67,797 units passed through the market, Kingston Wharves increased $5.40 to $34.30 with an exchange of 14,282 stocks, Massy Holdings popped $1 to $91, with 26,066 stock units changing hands. Mayberry Group skidded 82 cents to end at $7.18 with a transfer of 3,612 shares, MPC Caribbean Clean Energy gained $10 to close at $95, with 101 stocks crossing the exchange, NCB Financial dipped $1 and to $67 with investors dealing in 7,961 units. Pan Jamaica shed $2.70 to $47.50 while exchanging 4,327 stock units, Proven Investments rose $1.77 to end at $23.62 with investors transferring 682 shares and Sygnus Real Estate Finance dropped $1.94 in closing at $11.01 after an exchange of 2,001 stock units.
In the preference segment, Jamaica Public Service 7% lost 99 cents and ended at $48 with investors swapping just one stock and JMMB Group 7% preference share declined 66 cents to close at $2.23 after 5 units crossed the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.