JSE Main Market rallies

The Jamaica Stock Exchange Main Market closed trading on Thursday, with the market indices rising, which followed a 33 percent decline in the volume of stocks traded combined with the value of stocks traded jumping 16 percent over Wednesday’s level, following trading in 54 securities compared with 51 on Wednesday, as the market closed with prices 21 stocks rising, 18 declining and 15 ending unchanged.
A total of 5,596,104 shares were traded for $102,723,231 compared to 8,316,427 units at $88,916,615 on Wednesday.
Trading averaged 103,632 shares at $1,902,282 compared with 163,067 stocks at $1,743,463 on Wednesday. Trading  for the month to date ended with an average of 132,500 stock units at $1,825,141, compared to an average of 214,410 shares in October valued at $1,325,907, with more funds entering the market in November to date.
Transjamaican Highway led trading with 1.46 million shares for 26.1 percent of total volume, followed by Jamaica Broilers with 1.08 million units for 19.3 percent of the day’s trade and Sagicor Select Financial Fund with 926,834 units for 16.6 percent market share.
The All Jamaican Composite Index advanced 370.00 points to end at 349,099.70, the JSE Main Index rallied 1,202.56 points to 315,905.85 and the JSE Financial Index popped 0.24 points to conclude trading at 68.50.
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 in August 2024.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Berger Paints gained 80 cents to end at $7 with traders dealing in 150 stocks, Caribbean Cement popped $1.99 in closing at $51 after an exchange of 35,095 units, First Rock Real Estate increased $1.21 to close at $7.91 after 19,841 shares passed through the market. GraceKennedy climbed 50 cents and ended at $74 with investors dealing in 111,373 stock units, Guardian Holdings rose $29.50 to close at $439.50 after 68 shares passed through the exchange, Jamaica Broilers rallied 51 cents to $33.50 with investors swapping 1,077,445 units. Kingston Properties rallied 55 cents to $7.55 in switching 6,831 stocks, Massy Holdings fell $1 and ended at $97, with 503 stock units clearing the market, MPC Caribbean Clean Energy shed $14.46 in closing at $73.51 with investors transferring two shares. Pan Jamaica declined 35 cents and ended at $50.05 after exchanging 800,704 units, Scotia Group rose 50 cents to $34.50 in trading 57,408 stocks, Seprod lost $1.50 in closing at $75 after a transfer of 8,808 stock units, and Wisynco Group skidded 93 cents and ended at $21 as investors exchanged 8,588 shares.
In the preference segment, Jamaica Public Service 9.5% rallied $10 to end at $2,900 after investors ended trading six units and JMMB Group 7.25% preference share popped 41 cents to close at $2.50 with an exchange of one stock.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.