JSE Main market rises on Monday

Market activity on the Jamaica Stock Exchange Main Market ended on Monday, with the volume and value of shares trading just slipping lower than on Friday, but rising stocks exceeded those declining by a three to one ratio.
The All Jamaican Composite Index rose 1,999.37 points to 442,666.75, the JSE Main Index climbed 1,384.40 to  391,157.93 and the JSE Financial Index gained 0.14 points to close at 93.96.
Trading ended with 56 securities compared to 58 on Friday, with 31 rising, 11 declining and 14  ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 14.6. The PE ratio for the JSE Main and USD Market closing quotes is based on ICInsider.com earnings forecasts for companies with financial years ending in August 2022.
Overall, 13,325,302 shares were traded for $155,017,723 versus 13,111,195 units at $173,675,934 on Friday. Transjamaican Highway led trading with 2.79 million shares for 20.9 percent of total volume, followed by 138 Student Living with 2.28 million units for 17.1 percent of the day’s trade, Wigton Windfarm had 1.81 million units changing hands for 13.6 percent market share while JMMB Group ended trading 1.29 million units for 9.7 percent market share.
Trading averages 237,952 units at $2,768,174, compared to 226,055 shares at $2,994,413 on Friday and month to date, an average of 231,899 units at $2,883,278. March closed with an average of 610,787 units at $6,967,031.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments declined 50 cents after ending at $90.50, with an exchange of 2,566 shares, Eppley gained $1.50 to close at $42.50, with 1,559 units crossing the exchange, First Rock Capital lost 50 cents in closing at $12 in exchanging 16,213 stock units. GraceKennedy climbed $1.50 to $103.51, with 79,531 stocks crossing the market, Guardian Holdings jumped $22.98 to end at $548.98 while exchanging 286 shares, Jamaica Broilers advanced $1.74 to end at $28.99 in trading 9,412 stock units. Jamaica Producers popped $1.74 to $23.75 after exchanging 16,889 units, Jamaica Stock Exchange dipped 30 cents to $18.50 after trading 7,172 stocks, JMMB Group rose 55 cents to finish at a 52 weeks’ closing high of $46.50 after exchanging 1,288,027 stocks. Kingston Properties rallied 78 cents in closing at $9.35 in an exchange of 60 stock units, Mayberry Investments climbed 38 cents to $7.50, trading 11,343 shares, Mayberry Jamaican Equities increased $1.20 to $9.30 with an exchange of 159,926 units. NCB Financial advanced $2.80 to end at $113 in switching ownership of 38,806 stocks, Portland JSX rallied $1 in closing at $11 with the swapping of 61 stock units, Pulse Investments popped 32 cents to close at $4.30, with 839,383 units crossing the market. Sagicor Group rose 80 cents in closing at $56, with 3,363 shares clearing the market, Seprod gained 50 cents in ending at $58, with 379,532 stocks changing hands, Supreme Ventures rallied 45 cents to close at $19.95 after 96,876 stock units crossed the market and Wisynco Group shed 85 cents to $19 in an exchange of 372,796 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.