JSE Main Market rises on boosted volume

The Jamaica Stock Exchange Main Market recorded gains at the close on Friday, with trading picking up over Thursday, with 69 percent rise in volume traded at a 32 percent higher value than that on Thursday, with trading in 55 securities compared to 54 on Thursday, as prices of 20 rose, 22 declined and 13 ending unchanged.
A total of 9,662,580 shares were exchanged for $65,850,660 versus 5,709,003 units at $49,903,876 on Thursday.
Trading averages 175,683 units at $1,197,285 versus 105,722 shares at $924,146 on Thursday and month to date, an average of 260,937 units at $2,658,456, compared with 265,883 units at $2,743,184 on the previous day. February ended with an average of 183,599 units at $2,160,070.
Wigton Windfarm led trading with 4.91 million shares for 50.8 percent of the total volume Transjamaican Highway followed, with 1.19 million units for 12.3 percent of the day’s trade and Sagicor Select Financial Fund with 888,269 units for 9.2 percent market share.
The All Jamaican Composite Index rallied 861.71 points to 363,092.98, the JSE Main Index gained 1,262.43 points to close at 322,420.29 and the JSE Financial Index rose 0.58 points to settle at 75.78.
The PE Ratio, a formula used to ascertain appropriate stock values, averages 13.2 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 12 stocks ended with bids higher than their last selling prices and one stock with a lower offer.
At the close, Caribbean Producers dipped 63 cents to end at $9.07, with 9,586 shares clearing the market, Eppley declined $6.50 in closing at $31 in an exchange of 2,900 stock units, Eppley Caribbean Property Fund advanced $3.98 to close at $42 with investors trading 1,440 units. First Rock Real Estate lost $1.05 to finish at $11.01 after trading 739 stocks, Guardian Holdings climbed $15 to $495, with 19 stocks crossing the exchange, Jamaica Broilers rallied 39 cents to $32.99 with a transfer of 57,338 stock units. Jamaica Producers increased 30 cents in closing at $21 after an exchange of 31,572 shares, Jamaica Stock Exchange fell 89 cents to $13 after exchanging 773 units, Kingston Wharves dropped $1.29 to $32 as investors exchanged 404 stocks. Margaritaville popped 64 cents to close at $17.64 in trading 66 shares, Massy Holdings shed $10 to close at $80, with 300,443 stock units changing hands, 138 Student Living rose 34 cents to $5.40 with an exchange of 4 units. PanJam Investment fell $1.51 to $52.49, with 464 shares crossing the market, Proven Investments shed 38 cents to end at $27.85, with 6,000 stock units passing through the exchange, Scotia Group gained 89 cents in closing at $34.95 after 8,027 units changed hands. Seprod declined 40 cents to close at $66.42 while exchanging 4,448 stocks, Sterling Investments dipped 31 cents to $2.65 in switching ownership of 850 units and Wisynco Group dropped 30 cents to $16.30 after a transfer of 48,199 stock units.
In the preference segment, Eppley 7.50% preference share lost 45 cents in closing at $7.50 in an exchange of 100 shares and Jamaica Public Service 7% gained $50 to a record high of $400 with the swapping of 1,295 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.