JSE Main Market gained on Thursday

The Jamaica Stock Exchange Main Market rallied on Thursday, following the trading of 53 securities compared with 56 on Wednesday and ended with prices of 19 rising, 22 declining and 12 ending unchanged as b gains in MPC Caribbean Energy, Kingston Wharves, GraceKennedy Caribbean Produces and JMMB Group overpowered those declining on a day when the volume of stocks traded declined by 47 percent, with a 51 percent lower value than on Wednesday.
A total of 29,125,035 shares were traded for $83,569,212 compared with 55,453,072 units at $170,749,021 on Wednesday.
Trading averaged 549,529 shares at $1,576,778 versus 990,233 shares at $3,049,090 on Wednesday and month to date, an average of 313,356 units at $1,738,466 compared to 285,100 units at $1,757,810 on the previous day and September ending with an average of 218,512 units at $1,768,691.
JMMB Group 7.25% preference share due 2024 led trading with 20.02 million shares for 68.7 percent of total volume followed by Wigton Windfarm with 4.62 million units for 15.9 percent of the day’s trade and Transjamaican Highway with 1.14 million units for 3.9 percent of the day’s trade.
The All Jamaican Composite Index climbed 2,102.23 points to 346,114.55, the JSE Main Index increased 2,691.19 points to 314,672.35 and the JSE Financial Index skidded 0.04 points to 68.35.
The Main Market ended trading with an average PE Ratio of 12.1. 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 up to August 2024.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and eight with lower offers.
At the close, Barita Investments gained 49 cents and ended at $72.98 after an exchange of 78,348 shares, Caribbean Cement lost 60 cents in closing at $49.40 after a transfer of 2,052 stock units, Caribbean Producers increased $1.20 to end at $10.44 and closed with an exchange of 6,210 stocks, Eppley Caribbean Property Fund declined $3 to close at $36.50 with investors transferring 500 units. GraceKennedy rose $1.99 to $72.50 with 2,685 shares crossing the market, Jamaica Broilers rallied 96 cents to end at $33.96 as 9,738 stock units passed through the market, JMMB Group climbed $1.18 to $28.48 with traders dealing in 15,836 stocks, Kingston Wharves rose $3.78 in closing at $30.89 with stakeholders exchanging 3,149 units. Massy Holdings popped $2.89 to close at $99.99 in an exchange of 601 stocks, MPC Caribbean Clean Energy increased $11 and ended at $81 while exchanging 1,264 units, NCB Financial dipped 59 cents to close at $64.39 with 83,779 shares clearing the market. Sagicor Group dropped 99 cents to end at a 52 weeks’ low of $42 with shareholders swapping 220,189 stock units, Seprod skidded 50 cents to end at $69 with investors dealing in 98,134 units, Supreme Ventures rallied 54 cents to $26.94 in switching ownership of 98,573 stocks and Wisynco Group rose 95 cents in closing at $19 in trading 10,399 stock units.
In the preference segment, Jamaica Public Service 9.5% shed $95 to close at $2,900, with 15 shares crossing the market and 138 Student Living preference share advanced $8.70 and ended at $95.71 with an exchange of 3 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.