JSE Majors inched higher on negative advance ratio

Market activity ended on Monday, with 24 percent more shares trading having a value that was 14 percent higher than on Friday as the Jamaica Stock Exchange Main Market enjoyed moderate gains in the market indices as rising stocks fell well behind those declining.
The All Jamaican Composite Index popped 156.89 points to 428,492.25 the Main Index rose 423.17 points to 387,470.95 and the JSE Financial Index slipped 0.01 points to close at 94.98.
Trading ended with 50 securities similar to trading on Friday, with 17 rising, 24 declining and nine ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 15.7. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasts by ICInsider.com for companies with financial year ends between the current year and August 2022.
A total of 12,295,650 shares changing hands for $156,066,728 versus 9,898,970 units at $136,479,588 on Friday. Wigton Windfarm led trading with 7.75 million shares for 63.1 percent of total volume followed by JMMB Group with 1.93 million units for 15.7 percent of the day’s trade and Transjamaican Highway with 501,259 units for 4.1 percent market share.
Trading  averages 245,913 units at $3,121,335, compared to 197,979 shares at $2,729,592 on Friday and month to date, an average of 500,244 units at $5,109,780 compared to 520,082 units at $5,264,885 on Friday. November ended with an average of 233,949 units at $2,695,416.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Berger Paints climbed $1.08 to $13.72, with a mere 80 shares changed hands, Caribbean Cement lost 88 cents to close at $73.11 after exchanging 18,605 stocks, Caribbean Producers popped 85 cents to $13 after trading 133,200 units. Eppley dropped $5.65 to close at $34.20, with 190 stock units clearing the market, Eppley Caribbean Property Fund dropped $4.72 to end at $37.53 finishing with 1,194 units changing hands, GraceKennedy gained $1 to end at $100 while exchanging 279,220 shares. Jamaica Broilers declined $1.09 to end at $28.90 trading 1,865 stock units, Jamaica Producers rose 35 cents in closing at $23.35 with an exchange of 1,795 stocks, Jamaica Stock Exchange fell 69 cents to close at $16.71, with 2,897 units crossing the market. JMMB Group lost 30 cents to close at $38 in trading 1,930,389 shares, Mayberry Investments fell $1.34 to $7.51, with 118 stock units changing hands, NCB Financial rallied 50 cents to end at $120.50 in an exchange of 228,208 stocks. Portland JSX shed $1.05 to close at $6.92 with the swapping of 30 units, Proven Investments dropped 60 cents to $33 with 45,104 stock units crossing the market, Radio Jamaica rallied 26 cents in closing at $3.50 after exchanging 243,808 shares. Sagicor Group declined 97 cents to $51.01 after 65,722 stocks crossed the exchange, Sagicor Real Estate Fund fell 49 cents to $7.50 in exchanging 541 stock units, Salada Foods lost 27 cents in closing at $6.13 in exchanging 46,546 shares. Scotia Group increased 91 cents to end at $37.90 after exchanging 2,563 units and Supreme Ventures advanced 90 cents to close at $19 with the swapping of 17,367 stocks,
In the preference segment, JMMB Group 7.25%due 2025, shed 36 cents in closing at $2.40 with an exchange of 143 shares and JMMB Group 7.25%c share due 2024, declined 30 cents to end at $1.50 clearing the market with 1,190 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.