JSE Main Market rally

Activity picked up sharply on the Jamaica Stock Exchange Main Market on Monday after a 68 percent jump in the volume of stocks traded, with the value surging 83 percent more than on Friday, with trading taking place in 59 securities compared to 52 on Friday and resulting in prices of 18 stocks rising, 28 declining and 13 ending unchanged.
A total of 18,191,600 shares were exchanged for $322,436,055, up sharply from 10,834,252 units at $176,431,924 on Friday.
Trading averaged 308,332 units at $5,465,018, up from 208,351 shares at $3,392,922 on Friday and month to date, an average of 200,984 units for $1,803,685 verusu 194,860 units at $1,601,231 on the previous day. December closed with an average of 604,110 units at $4,072,598
Kingston Wharves led trading with 7.50 million shares for 41.3 percent of total volume, followed by Wigton Windfarm with 5.0 million units for 27.5 percent of the day’s trade, Transjamaican Highway with 1.89 million units for 10.4 percent of market share and Sagicor Select Financial Fund with 1.87 million units for 10.3 percent market share.
The All Jamaican Composite Index popped 1,098.53 points to close at 385,737.65, the JSE Main Market Index advanced 345.65 points to 340,663.15 and the JSE Financial Index popped 0.37 points to end at 81.58.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.6 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments shed 50 cents in, ending at $85 with 27,575 shares changing hands, Berger Paints dipped $1.01 to close at $9.59 with a transfer of 3,816 stock units, Caribbean Cement declined $2.02 to $56.71 with 12,260 stocks crossing the market. Eppley Caribbean Property Fund dropped $5.49 in closing at $44 with an exchange of 450 units, First Rock Real Estate fell $1.70 to close at $12.30 with the swapping of 1,235 stocks, Jamaica Producers shed 98 cents to end at $20.01 after an exchange of 19,433 stock units. Jamaica Stock Exchange rallied 60 cents to finish at $14.60 in trading 125,705 shares, JMMB Group dipped 70 cents to close at $34.30 with a transfer of 160,234 units, Kingston Wharves shed 96 cents to $34.74 in switching ownership of 7,504,922 stock units. Mayberry Jamaican Equities lost 60 cents to settle at $12.50 with 1,650 units changing hands, MPC Caribbean Clean Energy jumped $14 to $84 after a transfer of 3,009 stocks, Palace Amusement surged $189 to close at $2,792 after an exchange of 265 shares. Portland JSX dropped $1.82 to $9.78 with 216 stock units crossing the market, Proven Investments fell $1.79 to $30.01 after 42,601 units passed through the market, Sagicor Group declined $2.78 to close at $49.22 in the trading of 32,689 stocks. Scotia Group lost 60 cents to finish at $34.30 with the swapping of 79,073 shares, Seprod popped $2.99 in closing at $69 in an exchange of 13,750 stock units, Sterling Investments lost 44 cents to close at $2.62 with investors transferring a mere 156 units. Sygnus Credit Investments shed 50 cents in ending at $12.50 after switching ownership of 55,319 shares and Sygnus Real Estate Finance rose 49 cents to $9.50 in an exchange of 3,093 stocks.
In the preference segment, Eppley 7.50% preference share rose 98 cents to $8.10 after 1,216 shares cleared the market, Eppley 7.75% preference share advanced $3.64 to $20 as investors exchanged 60 units, Jamaica Public Service 9.5 dropped $45 in closing at $2,955 after the trading of 9,685 stocks and JMMB Group 7.15% – 2028 rallied 52 cents to $3.03 with 35,228 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.