JSE Main market climbs 4 in 5 days

Trading activity continued to deliver gains with the Jamaica Stock Exchange Main Market ending higher on Thursday, for the fourth day in five, with the volume of stocks traded rising moderately but with a 9 percent higher value than on Wednesday, after investors traded 53 securities, down from 59 on Wednesday, with 18 rising, 16 declining and 19 ending unchanged.
A total of 22,306,090 shares were traded for $206,410,617 compared to 22,105,112 units at $190,093,496 on Wednesday.
Trading averaged 398,323 shares at $3,685,904 compared with 374,663 shares at $3,221,924 on Wednesday and for the month to date, an average of 361,395 units at $5,431,838 compared with 359,563 units at $5,518,439 on the previous day. May ended with an average of 226,361 units at $1,362,447.
Transjamaican Highway led trading with 12.75 million shares for 57.3 percent of total volume followed by Wigton Windfarm with 2.41 million units for 10.8 percent of the day’s trade, Supreme Ventures chipped in with 2.31 million units for 10.4 percent market share and Jamaica Broilers with 1.57 million units for 7.1 percent of total volume.
The All Jamaican Composite Index rose 710.07 points to close at 368,014.24, the JSE Main Index rallied 630.80 points to close at 330,388.98 and the JSE Financial Index gained 0.14 points to 72.92.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.5 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Cement climbed $7.18 in closing at $60.18 in switching ownership of 47,005 shares, Caribbean Producers lost $1.05 to close at $10.75 in trading 71,181 units, GraceKennedy rallied $1 to end at $78 with a transfer of 110,880 stocks, Guardian Holdings dipped $1 to $420, with 6,426 stock units crossing the market. Kingston Wharvesadvanced $1 and ended at $30 after a transfer of 1,215 stock units, Massy Holdings fell $1 to end at $99 with investors exchanging 8,362 units, Mayberry Investments popped 80 cents in closing at $9 after 100,627 shares passed through the market, MPC Caribbean Clean Energy shed $10 in ending at $61 as investors exchanged 605 stocks. NCB Financial declined 88 cents to close at $66.10 with 85,211 stocks clearing the market, Pan Jamaica dropped $4.83 to $49.12 with shareholders swapping 45,432 stock units, Proven Investments declined 78 cents in closing at $25 while exchanging 47 units, Sagicor Group rose 49 cents to $50.50, with 26,001 shares crossing the market. Scotia Group gained 73 cents to $34.74 after an exchange of 122,644 stock units, Seprod dipped 40 cents to end at $75.10, with stakeholders exchanging 7,450 units, Supreme Ventures dropped 97 cents to close at $27.50 with investors transferring 2,313,937 stocks, Sygnus Credit Investments lost 42 cents to end at $12.65, with 353,391 shares changing hands.In the preference segment, Eppley 7.50% preference share increased 61 cents and ended at $6.70 with an exchange of 83 shares, Jamaica Public Service 7% advanced $7.50 to $57.50 after just 2 units crossing the exchange and JMMB Group 7% preference share gained 39 cents in closing at $2.39 in an exchange of 5 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.