JSE Main Market rallies

Market activity ended on Tuesday on the Jamaica Stock Exchange Main Market with the volume of shares declining 34 percent and the value 52 percent lower than on Monday and leading to rising stocks exceeding those declining.
The All Jamaican Composite Index advanced 814.75 points to settle at 441,536.97, the Main Index climbed 1,556.37 points to 389,546.85 and the JSE Financial Index popped 1.02 points to close at 95.69.
A total of 55 securities were traded compared to 54 on Monday, with 23 rising, 21 declining and 11 ending unchanged.
The PE Ratio a formula for computing appropriate stock values, averages 16.1. The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years, ending up to August 2022.
A total of 17,322,599 shares were traded for $249,225,504, down from 26,282,472 units at $523,039,414 on Monday.
QWI Investments led trading with 29.7 percent of total volume after transferring 5.14 million shares followed by Wigton Windfarm, 20.2 percent with 3.5 million units, Transjamaican Highway accounted for 16.6 percent with 2.88 million units and Jamaica Producers exchanged 1.09 million units for 6.3 percent market share. Trading averages 314,956 units at $4,531,373, down from 486,712 shares at $9,685,915 on Monday and month to date, an average of 578,123 units at $9,399,046, compared to 645,444 units at $10,644,265 on the previous trading day. February closed with an average of 392,520 units at $3,199,976.
The Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Caribbean Cement gained 99 cents to end at $73.99 with 4,438 shares crossing the market, Jamaica Broilers lost 48 cents to end at $29.50 after exchanging 14,665 stocks, Jamaica Producers declined $1.88 to $20.10 with a transfer of 1,085,151 units. Jamaica Stock Exchange shed 94 cents in closing at $17 in trading 13,724 stock units, Kingston Wharves fell $1.46 to close at $40.54 after 21,375 units crossed the market, Margaritaville declined $3.10 to close at $21.90 in switching ownership of 9,195 shares. Mayberry Jamaican Equities lost 50 cents to end at $7.20 in an exchange of 9,409 stock units, MPC Caribbean Clean Energy advanced $1.80 to $100 in transferring 10 stocks, NCB Financial rallied $2 in closing at $120 with the swapping of 22,132 units. Palace Amusement popped $94 to $979 in switching ownership of 5 stock units, PanJam Investment dropped $4 at $67 with 10,887 shares clearing the market, Proven Investments declined $3 to $35 in trading 20,334 stocks. Scotia Group gained 38 cents to close at $35 with the swapping of 33,086 shares, Seprod rose 45 cents in closing at $57.95, finishing with 9,386 units changing hands, Stanley Motta rose 52 cents to end at $5.92 with a transfer of 14 stock units. Supreme Ventures gained 50 cents to close at $18.50 with the swapping of 270,486 stocks, Sygnus Real Estate Finance fell 88 cents to end at $16.68 with an exchange of 106 stock units.
In the preference segment, 138 Student Living preference shares popped 50 cents in closing at $7 after trading 7 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.