JSE Main Market rallies to start week


Trading ended with gains for the Jamaica Stock Exchange Main Market on Monday, despite losers beating out winners at the close of the market 26 to 21 rising, with 16 ending unchanged, with the volume of stocks traded falling 52 percent as the value climbed 17 percent over that on Friday, resulting from trading in 63 securities compared with 61 on Friday.

The market closed with 8,404,948 shares being traded for $117,857,156 compared with 17,554,244 stock units at $100,875,544 on Friday.
Trading averaged 133,412 shares at $1,870,749 compared to 287,774 stocks at $1,653,697 on Friday and for the month to date, an average of 186,182 units at $1,816,134 versus 197,154 shares at $1,804,779 on the previous day and January with an average of 257,074 stock units at $2,582,065.
Wigton Energy led trading with 3.68 million shares for 43.8 percent of total volume followed by Transjamaican Highway which ended with 2.0 million stocks for 23.8 percent of the day’s trade and Barita Investments with 1.0 million stock units for 11.9 percent of the day’s trade.
The All Jamaican Composite Index rose 1,249.82 points to end at 382,033.22, the JSE Main Index gained 934.29 points to conclude trading at 330,743.88 and the JSE Financial Index rose 0.08 points to end at 68.05. The Investor’s Choice bid-offer indicator shows 15 stocks ending with bids higher than their last selling prices and three with lower offers.
The Main Market ended trading with an average PE Ratio of 14.5. The JSE Main and 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 2025.
At the close of the market, Caribbean Cement declined $2.99 to close at $83.01 with 42,531 stock units being traded at the close of the day, Eppley gained $1.20 to $36 with 2,335 shares passing through the market, Guardian Holdings dropped $5.50 in closing at $303.50 with 1,879 stocks switching owners. Jamaica Broilers lost 58 cents to finish at $36.41 with investors swapping 9,539 units, Kingston Wharves sank 80 cents and ended at $30.19 with 2,599 stocks crossing the market, Margaritaville dropped 48 cents to $14.20 as investors exchanged 6,979 units. Massy Holdings popped $1.30 to $83.70 with 3,124 shares crossing the market, Pan Jamaica shed $1.09 to close at $52.90 after an exchange of 1,621 stock units, Scotia Group fell $1.57 in closing at $55.40 with investors trading 132,468 shares. Supreme Ventures dipped 60 cents in ending at $20 with 175,407 units crossing the exchange and Sygnus Credit Investments skidded 49 cents to finish at $12.25 with investors dealing in 10,684 stocks.
In the preference segment, 138 Student Living preferred share increased $19.32 to end at $320 in an exchange of 36 stock units. Productive Business Solutions 10.5% preference share jumped $109.99 in closing at $1,099.99 with investors trading a mere 2 shares and Sygnus Credit Investments C10.5% rose $4.48 to $107.98 after a transfer of 2,445 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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