JSE Main Market rises with volume surge

Trading on the Jamaica Stock Exchange Main Market ended on Friday, with the volume of stocks changing hands rising 393 percent valued 66 percent less than on Thursday, following activity in 59 securities as was the case on Thursday. The market closed with prices of 15 stocks rising, 28 declining and 16 ending unchanged and yet the main indices popped higher. 
The market closed with 30,657,259 shares being trading for $81,703,584 compared with 6,224,611 stock units at $239,670,235 on Thursday.
Trading averaged 519,615 shares at $1,384,807 compared with 105,502 units for $4,062,207 on Thursday. Trading for the month to date, averages 313,863 stock units at $2,468,161 compared with 298,727 units at $2,547,859 on the previous day and July with an average of 602,415 units at $5,405,031.
Radio Jamaica led trading with 15.48 million shares for 50.5 percent of total volume followed by Sagicor Select Financial Fund with 8.70 million stock units for 28.4 percent of the day’s trade, Wigton Windfarm ended with 1.86 million units for 6.1 percent of market share, Transjamaican Highway with 1.60 million stocks for 5.2 percent market share and Jamaica Broilers with 1.02 million shares for 3.3 percent of total volume.
The All Jamaican Composite Index popped 1,212.91 points to settle at 351,010.95, the JSE Main Index rallied 2,491.45 points to 308,191.55 and the JSE Financial Index rose 0.90 points to conclude trading at 65.22.
The Main Market closed with an average PE Ratio of 14. The JSE Main and USD Market PE ratios are based on last traded prices and forecasted earnings computed by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of trading, Barita Investments declined 70 cents to $73.26 as investors exchanged 6,292 stocks, Eppley Caribbean Property Fund rallied $1.05 to $41.99 with a transfer of 3,076 shares, General Accident shed 69 cents to close at $6.30 after an exchange of 17,138 units. GraceKennedy lost $2.90 and ended at $72 with investors trading 37,826 stocks, Guardian Holdings popped $26.40 in closing at $316.40 in switching ownership of 1,400 shares, Jamaica Producers fell $1 to finish at $20 as 15,657 stocks passed through the market. Jamaica Stock Exchange skidded 72 cents and ended at $10.03 with investors trading 107,795 units, JMMB Group fell 60 cents to $21.10 in an exchange of 64,702 stock units, Kingston Wharves gained 40 cents to end at $27.90 trading 3,140 shares. Margaritaville dropped $1.30 in closing at a 52 weeks’ low of $12.50 with an exchange of 35,001 units, Massy Holdings rose 50 cents to finish at $76, with 8,000 stocks crossing the market, MPC Caribbean Clean Energy climbed $8.80 to close at $96.80 in an exchange of 25 stock units. NCB Financial rose 50 cents to $52.50 with investors dealing in 39,649 shares, Proven Investments sank $1.05 to finish at $16.30 after a transfer of 15,884 stocks, Salada Foods advanced 65 cents and ended at $3.85 in trading 1,004 units. Scotia Group dipped 95 cents to $44.01, with 8,307 stock units crossing the exchange, Seprod rose $1.99 to end at $82 with investors swapping 2,174 shares and Sygnus Real Estate Finance dropped 54 cents to close at $10 closed after an exchange of 5,599 stock units.
In the preference segment, Eppley 7.25% preference share jumped $3.46 to $18.60 after an exchange of 23,369 stocks, 138 Student Living preference share sank $1 in closing at $209 after 59 units changed hands and Sygnus Credit Investments C10.5% dipped $8.11 to close at $101.39 with traders dealing in 400 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.