Market activity ended on Friday with the volume of shares trading declining 19 percent and the value jumping 44 percent higher than on Thursday at the close of Jamaica Stock Exchange Main Market and leading to rising stocks exceeding those declining.
The All Jamaican Composite Index advanced 515.13 points to 432,465.86, the JSE Main Index rose 415.79 points to 391,220.36 and the JSE Financial Index gained 0.63 points to end at 95.60.
Trading resulted from 50 securities compared to 52 on Thursday, with 25 rising, 13 declining and 12 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.1. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasted by ICInsider.com for companies with financial years ending between the current year and August 2022.
Trading ended with 7,647,903 shares changing hands for $78,855,103 versus 9,485,143 units at $54,811,242 on Thursday. Transjamaican Highway led trading with 38.4 percent of total volume for an exchange of 2.94 million shares, followed by Wigton Windfarm 22.6 percent with 1.72 million units and Jamaica Producers with 10.2 percent after 781,128 units changed hands.
Trading averages 152,958 units at $1,577,102, compared to 182,407 shares at $1,054,062 on Thursday and month to date, an average of 241,379 units at $2,751,371, versus 245,918 units at $2,811,652 on Thursday. October closed with an average of 251,350 units at $2,773,208.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Berger Paints popped $1.15 to $14.70 with 31 units crossing the market, Caribbean Cement declined $2.31 to end at $86.50 in exchanging 131,025 stock units, Caribbean Producers rallied 40 cents to $10 after 134,963 stocks cleared the market. Eppley gained 40 cents to settle at $36 after exchanging 403 stock units, First Rock Capital advanced $1.01 to $11.03 with the swapping of 438 units, Jamaica Broilers rose 45 cents to end at $29.45 in an exchange of 30,102 shares. Jamaica Producers spiked 55 cents in closing at $23.95, in switching ownership of 781,128 stocks, JMMB Group lost 32 cents ending at $38.18 in the transfer of 96,246 shares, Kingston Properties gained 40 cents to close at $9 in trading 1,550 stocks. NCB Financial gained 30 cents in closing at $119.30 with the swapping of 14,362 stock units, 138 Student Living picked up 29 cents to finish at $4.69 after 5,301 shares crossed the exchange, Palace Amusement climbed $45 to $1,030 in trading 138 units.
PanJam Investment advanced $9.70 to finish at $73 with a transfer of 11,523 shares, Proven Investments popped 50 cents to close at $33.80 with 3,356 units changing hands, Scotia Group spiked $3.47 to $37.97 in switching ownership of 577,189 stocks. Seprod popped 80 cents to $64 in exchanging 34,014 stock units, Stanley Motta lost 35 cents to end at $5.25 with 19,955 shares crossing the market, Sygnus Credit Investments shed 49 cents to close at $15.50 with the swapping of 42,632 units and Wisynco Group rose 40 cents to $17 with a transfer of 94,656 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
