JSE Main Market jumps to end October

Trading activity picked up on the Jamaica Stock Exchange Main Market from the lacklustre levels on Tuesday, with the volume of stocks traded rising 30 percent and the value 310 percent more than on Monday, with trading in 58 securities compared with 55 on Monday, with 20 rising, 25 declining and 13 ending unchanged.
A total of 7,470,394 shares were traded for $65,380,690 compared with 5,763,109 units at $15,955,473 on Monday.
Trading averaged 128,800 shares at $1,127,253 compared to 104,784 shares at $290,100 on Monday and month to date, an average of 214,410 units at $1,325,907, compared with 218,949 units at $1,336,439 on the previous day. September closed with an average of 218,512 units at $1,768,691.
Wigton Windfarm led trading with 2.46 million shares for 32.9 percent of total volume followed by Transjamaican Highway with 1.07 million units for 14.3 percent of the day’s trade and Carreras with 701,528 units for 9.4 percent market share.
The All Jamaican Composite Index popped 4,665.94 points to close at 351,476.39, the JSE Main Index jumped 4,914.30 points to finish at 318,800.82 and the JSE Financial Index rose 0.79 points to close at 69.43.
The Main Market ended trading with an average PE Ratio of 12.2. 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 14 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Berger Paints lost $1.20 to close at a 52 weeks’ low of $6.20, with 1,138 units crossing the market, Caribbean Cement rose $1.99 to $50.99 in switching ownership of 34,273 stocks, First Rock Real Estate skidded $1.36 to end at a 52 weeks’ low of $6.55 with investors transferring 19,332 shares. General Accident rallied 36 cents in closing at $5.56 after an exchange of 19,809 stock units, GraceKennedy increased 50 cents and ended at $73 with traders dealing in 40,025 shares, Jamaica Producers fell 87 cents to $19.08 while exchanging 363 stocks. JMMB Group climbed 49 cents in closing at $27.50 with shareholders swapping 55,168 units, Key Insurance dropped 29 cents to close at $2.21 after investors ended trading of 34,312 stock units, Kingston Properties popped 30 cents and ended at $7.70 with an exchange of 63,719 shares. Kingston Wharves gained 50 cents to end at $28, with 72,619 stocks changing hands, Margaritaville advanced $2.45 to $16.50, after just one unit passed through the market, Massy Holdings popped $7.93 and ended at $98.80 after a transfer of 28 stock units. NCB Financial shed 30 cents to end at $62.85, with 146,019 shares crossing the exchange, Proven Investments declined 45 cents in closing at $23.05 with investors dealing in 1,356 stock units, Sagicor Group rallied $1.10 to close at $44.60 after 25,814 stocks crossed the market. Sagicor Real Estate Fund increased 20 cents to $8.30 after an exchange of 9,794 units, Scotia Group climbed 20 cents in closing at $34.70, with 35,513 stocks clearing the market, Seprod rose $7.50 and ended at $78.50 with an exchange of 91,825 units. Sygnus Real Estate Finance dipped 95 cents to close at $10.95 as investors exchanged 10 shares and Wisynco Group advanced $1.05 to end at $21.95 in trading 676,252 stock units.
In the preference segment, Jamaica Public Service 7% fell $3.22 to $42 after exchanging 1,110 shares and Productive Business Solutions 9.75% preference share shed $1 and ended at $122 with a transfer of 11 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.