The Jamaica Stock Exchange Main Market climbed for a fourth consecutive day on Friday, with the market putting in another day of solid gains on Friday accompanied by a 50 percent decline in the volume of stocks traded following an 84 percent drop in value compared with Thursday, with trading in 58 securities up from 53 on Thursday and leading to prices of 15 rising, 24 falling and 19 ending unchanged.
A total of 9,259,098 shares were traded for $50,664,788 versus 18,676,905 units at $323,528,081 on Thursday.
Trading averaged 159,640 shares at $873,531 compared with 352,394 units at $6,104,303 on Thursday compared to an average of 316,608 units at $1,867,646 for August.
Wigton Windfarm led trading with 5.86 million shares for 63.3 percent of the total volume, Transjamaican Highway was next with 1.30 million units for 14 percent of the day’s trade and JMMB Group 7.5% with 336,417 units for 3.6 percent market share.
The All Jamaican Composite Index popped 3,500.76 points to finish at 358,324.54, the JSE Main Index popped 2,905.75 points to close at 324,637.55 and the JSE Financial Index rose 0.68 points to end at 72.73.
The PE Ratio, a formula used to compute appropriate stock values, averages 12.7 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 eight stocks ended with bids higher than their last selling prices and nine with lower offers.
At the close, Caribbean Cement dropped $1 in closing at $51 with a transfer of 30,539 shares, GraceKennedy fell 85 cents to end at $73.05 in trading 89,392 stock units, Guardian Holdings climbed $19.20 to $439.70 with investors clearing the market of 80 stocks. Jamaica Producers declined $1.78 to $18.03, with 1,818 stock units crossing the market, Jamaica Stock Exchange shed 55 cents to close at $10.13 after an exchange of 186,022 units, 
JMMB Group fell 44 cents to $27.40 with 6,068 shares changing hands. Margaritaville dipped $2.30 to end at $14.05 in an exchange of 49 stocks, Massy Holdings advanced 90 cents to $101 with stakeholders exchanging 99 shares, MPC Caribbean Clean Energy skidded $12.30 to close at $69.70 with investors transferring 18 stocks. NCB Financial shed 44 cents and ended at $72.96, with 7,926 shares crossing the market, Portland JSX fell $1 to close at a 52 weeks’ low of $8, with shareholders swapping 244 stock units, Sagicor Group dropped 51 cents and ended at $49.49 with investors dealing in 165,076 units. Sagicor Real Estate Fund gained 35 cents to end at $8.50 in switching ownership of 20 units and Seprod declined $1.62 in closing at $73.37 after exchanging 5,882 shares.
In the preference segment, Eppley 7.50%preference share rose 48 cents to $6 with an exchange of 116 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market jumps for a 4th day
September 1, 2023 by IC Insider.com
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Caribbean Producers, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group
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