JSE Main Market bounces to end July


Wigton Energy led trading with trading on the Jamaica Stock Exchange Main Market on Thursday with half of the traded volume ahead of the close for the emancipation holiday on Friday, with trading in 56 securities compared with 58 on Wednesday, with prices of 35 rising, seven declining and 14 ending unchanged, following a marginal increase in the volume of stocks traded and the value falling by 58 percent compared to Wednesday.

The market closed with 54,924,780 shares trading for $327,955,193 compared with 54,790,949 stocks at $1,020,798,491 on Wednesday.
Trading averaged 980,800 shares, with an average of $5,856,343 compared with 944,672 stocks at $17,599,974 on Wednesday.
Trading for the month to date ended with an average of 270,399 units at $2,493,078 compared with 238,003 shares at $2,339,704 on the previous day and June with an average of 270,399 stock units at $2,493,078.
Wigton Energy led trading with 27.27 million shares for 49.7 percent of total volume, followed by Carreras which ended with 11.22 million stocks for 20.4 percent of the day’s trade, Sagicor Select Financial Fund closed with 5.30 million stocks changing hands for 9.6 percent of the volume traded, Transjamaican Highway ended with 4.28 million units for 7.8 percent of market share, Sagicor Select Manufacturing & Distribution Fund with 2.25 million units for 4.1 percent of the overall traded volume and NCB Financial with 1.13 million units for 2 percent of the market.
The All Jamaican Composite Index gained 2,392.35 points to close at 355,541.42, the JSE Main Index rallied 1,214.05 points to 308,603.07 and the JSE Financial Index popped 0.16 points to 62.53. At the close, the Investor’s Choice bid-offer indicator shows 17 stocks ending with bids higher than their last selling prices and three with lower offers.
The Main Market ended trading with an average PE Ratio of 13.6. The JSE Main and the USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with a fiscal year ending around August 2025.
At the close of the final day of July, Cement jumped $9.14 to finish at $91.75 with investors dealing in 35,510 shares, Kingston Wharves dipped $1.85 to $29.90 after the trading of 2,709 units, Massy Holdings fell 49 cents to close at $77 after an exchange of 145 shares. Mayberry Group popped 54 cents and ended at $7.27 in trading 267 stocks, Mayberry Jamaican Equities gained 72 cents to end at $11.05 after an exchange of 225,660 stock units, NCB Financial rose $2.50 in closing at $31.50 with investors trading 1,125,365 shares. Sagicor Group advanced $1.07 to $42.07 in switching ownership of 168,045 stock units, Scotia Group increased $3.50 to close at $54 after closing with 45,302 units changing hands, Seprod climbed 45 cents and ended at $83.45 with a transfer of 91,961 stocks. Stanley Motta popped 41 cents in closing at $5.74, with 894 units clearing the market, Supreme Ventures dropped 47 cents to end at $19.08 in an exchange of 62,924 stocks, Sygnus Credit Investments advanced 90 cents to finish at a 52 week high of $13.90 with investors swapping 260,857 shares and Wisynco Group rose 35 cents and ended at $21.35 after 165,438 stock units passed through the market.
In the preference segment, 138 Student Living preference share rallied $22.25 to $239.96 as investors exchanged 247 shares and Sygnus Credit Investments 10% increased $1.67 in closing at $107.95, with just 26 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com