JSE Main Market closes up

Market activity ended on Tuesday, with the volume of shares trading declining by 80 percent, with a sharp 89 percent drop in value than trading on Thursday on the Jamaica Stock Exchange Main Market as declining stocks exceeded those that rose.
The All Jamaican Composite Index rose 1,364.08 points to settle at 450,589.27, the JSE Main Index gained 996.90 points to end at 395,483.75 and the JSE Financial Index rallied 0.25 points to settle at 93.67.
Trading ended with 58 securities compared to 60 on Thursday, with 21 rising, 27 declining and 10 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 14.5. The PE ratio for the JSE Main and USD Market closing quotes is based on ICInsider.com earnings forecasts for companies with financial years ending to the end of August 2023.
Overall, 14,387,651 shares were exchanged for $140,647,485 versus 70,371,025 units at $1,275,443,556 on Thursday. Transjamaican Highway led trading with 5.85 million shares for 40.6 percent of total volume, followed by Wigton Windfarm, 2.70 million units for 18.8 percent of the day’s trade and Sagicor Select Financial Fund with 1.45 million units for 10.1 percent market share.
Trading averaged 248,063 units at $2,424,957, down from 1,172,850 shares at $21,257,393 on Thursday and month to date, an average of 717,999 units at $7,333,227 versus 765,733 units at $7,831,791 on the previous trading day. March closed with an average of 610,787 units at $6,967,031.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Caribbean Cement lost 79 cents to close at $71.20 after exchanging 26,049 shares, Eppley fell 35 cents to $42.50 trading 562 stock units, Eppley Caribbean Property Fund climbed 60 cents ending at $45, with 15 units clearing the market.  strong>GraceKennedy rallied $5.19 in closing at 52 weeks’ closing high of $110 after 689,281 stocks crossed the market, Jamaica Broilers dropped 53 cents to end at $28.47 in trading 9,662 stock units, Jamaica Stock Exchange shed 73 cents to $23.25 with the swapping of 124,594 stocks. JMMB Group declined 36 cents to close at $45.89 in trading 354,055 units, Kingston Wharves declined $1.20 in closing at $40.50 in an exchange of 1,578 shares, Margaritaville dropped 50 cents to end at $25.50 in switching ownership of 21 units. Massy Holdings shed 98 cents in ending at $98.02 with 21,253 stock units changing hands, Mayberry Investments advanced 30 cents to close at $7.50 after trading 53,548 shares, NCB Financial lost $7.75 to $109.25, with 47,497 stocks changing hands. Portland JSX fell $2.44 in closing at $8.56, with 56 stock units crossing the exchange, Proven Investments gained 30 cents to end at $38.50 while exchanging 21,365 shares, Sagicor Group lost $1.58 to end at $55.40 in an exchange of 6,625 stocks and Wisynco Group rose 80 cents to close at $24 after trading 184,605 units.
In the preference segment, 138 Student Living Preference shares jumped $1.44 to end at $16.50 after exchanging 75 stocks, Eppley 7.25% Preference share declined 49 cents to $22.50 in trading just one unit and Productive Business Solutions 9.75% Preference share shed $11.20 in closing at $106.50 with an exchange of just two stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.