Trading on the Jamaica Stock Exchange Main Market ended on Friday, with an 87 percent rise in the volume of stocks traded at a 98 percent higher value compared to trading on Thursday, following activities in 57 securities compared with 56 previously, with prices of 12 rising, 25 declining and 20 ending unchanged resulting in the major indices of the market closing with solid gains.
The market closed with 10,476,508 shares with trading of $60,512,855 compared to 5,606,589 stock units at $30,609,534 on Thursday.
Trading averaged 183,798 shares at $1,061,629, up from 100,118 units at $546,599 on Thursday and for the month to date, an average of 186,902 stock units at $975,897 versus 187,681 shares at $954,369 on the previous day and August with an average of 286,418 stock units at $1,923,954.
Transjamaican Highway led trading with 4.23 million shares for 40.4 percent of total volume, followed by Salada Foods, with 1.55 million stock units for 14.8 percent of the day’s trade, Sagicor Select Financial Fund closed with 1.27 million shares for 12.2 percent of the volume traded and Wigton Energy with 1.15 million units for 11 percent of market share.
The All Jamaican Composite Index jumped 2,464.41 points to 367,176.41, the JSE Main Index climbed 1,256.26 points to settle at 320,622.66 and the JSE Financial Index skidded 0.14 points to wrap up trading at 66.85. At the close, the Investor’s Choice bid-offer indicator shows 10 stocks ending with bids higher than their last selling prices and five with lower offers.
The Main Market ended twith an average PE Ratio of 13.4. The JSE Main and the USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2026.
At the close of a day of slow trading, Barita Investments skidded $4.82 to end at $75.98 closing with an exchange of 8,731 shares, GraceKennedy sank $1.13 to $70.50 after an exchange of 5,546 stock units, Guardian Holdings dipped $11 and ended at $379, with 40 shares crossing the market. Jamaica Producers popped $2.33 in closing at $24.49 with investors dealing in 131 stocks, JMMB Group lost 38 cents to close at $18.62 after an exchange of 58,257 units, Margaritaville rallied $1.72 to finish at $13.22 after 753 shares passed through the market.
NCB Financial increased 53 cents to $42.20 in an exchange of 203,156 units, Proven Investments fell $1.08 to end at $16.01, with 114,206 stocks changing hands, Sagicor Group sank $1.10 in closing at $40 with a transfer of 67,548 stock units. Seprod climbed $2.30 and ended at $80.10 in trading 3,086 shares. Stanley Motta fell 23 cents to close at $6 after 26,199 shares were traded and VM Investments closed at $2.11 with a gain of 23 cents after an exchange of 84,384 shares.
In the preference segment, Eppley 7.75% preference share declined 54 cents to close at $20.95 in switching ownership of 1,050 units.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.