The value of stocks climbed 49 percent at the close of trading on the Jamaica Stock Exchange Main Market on Monday, with the volume of stocks traded declining 25 percent compared to Friday, following trading in 60 securities compared with 59 on Friday and ending with prices of 25 rising, 18 declining and 17 ending unchanged.
The market closed with 9,077,498 shares trading for $171,397,249 compared with 12,119,774 stock units at $114,939,495 on Friday.
Trading for the day ended with an average of 151,292 stock units for $2,856,621 compared to 205,420 shares at $1,948,127 on Friday. Trading month to date averaged 219,166 stock units at $2,440,228 compared with 229,051 shares at $2,379,588 on the previous day, down from an average of 1,710,130 stock units at $16,217,430 in September.
Transjamaican Highway led trading with 4.28 million shares accounting for 47.1 percent of total volume, followed by Massy Holdings with 1.27 million units for 14 percent of the day’s trade and Wigton Energy with 700,707 stocks for 7.7 percent of the volume traded.
The All Jamaican Composite Index rose 925.60 points to 463,651.88, the JSE Main Index popped 312.21 points to close at 386,345.24 and the JSE Financial Index advanced 0.68 points to finish at 76.75. At the close, the Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and five with lower offers.
The Main Market ended trading with an average PE Ratio of 16. ICInsider.com compiles the JSE Main Market PE ratios that are derived by dividing the last traded stock price by earnings per share for companies with the fiscal year ending around August 2027.
At the close, Barita Investments rose $1.16 to $74.66 after trading 17,156 shares, Carreras shed 40 cents to close at $28.90, following the trading of 236,944 stock units, First Rock Real Estate climbed 60 cents to close at $7.90 after an exchange of 21,030 shares. Jamaica Producers popped $2.09 and ended at $21, with 380,416 stock units crossing the market, Jamaica Stock Exchange gained 54 cents to finish at $9.65 with an exchange of 5,905 shares, Massy Holdings declined by 75 cents and ended at $74.25 with 1,269,899 units crossing the market. NCB Financial increased 45 cents to close at $72 after an exchange of 36,069 stocks, 138 Student Living fell 72 cents to finish at $3, with investors dealing in 5,512 stock units,
Pan Jamaica rallied $1.75 in closing at $45.95 in an exchange of 33,998 shares. Quantas Advantage dropped $2.10 and ended at $21.90, with 11,592 shares changing hands, Salada Foods advanced 43 cents in closing at $3.30 as investors exchanged 10,987 units, Scotia Group rose 45 cents to close at $72 with a transfer of 6,887 stock units. Supreme Ventures lost $1.20 to finish at $18.75, with 93,756 shares crossing the market and Sygnus Real Estate Finance skidded 40 cents and ended at $7.50 after trading of 3,849 units.
In the preference segment, Jamaica Public Service 9.5% climbed $100 to end at $2,200 in an exchange of 151 stocks.
Prices of securities trading are those for the last transaction.