JSE Majors rise against dominant fallen prices

Falling stock prices dominated trading activity on the Jamaica Stock Exchange Main Market ended on Monday, but the primary market indices ended taring strongly positive, with prices of 36 securities declining and only 11 rising, leaving 17 ending with unchanged prices, following a moderate decline in trading volume with a 58 percent lower value than on Friday, with trading taking place in 64 securities up from 56 on Friday.
A total of 9,133,162 shares were traded for $33,363,500 compared to 9,818,276 units at $78,748,697 on Friday.
Trading averaged 142,706 shares at $521,305, versus 175,326 shares at $1,406,227 on Friday and month to date, an average of 209,549 units at $1,336,194, compared with 214,582 units at $1,397,550 on the previous day. April closed with an average of 264,549 units at $1,409,410.
Transjamaican Highway led trading with 4.97 million shares for 54.5 percent of total volume followed by Wigton Windfarm with 2.21 million units for 24.2 percent of the day’s trade and JMMB Group 7.35% due 2028 with 478,678 units for 5.2 percent market share.
The All Jamaican Composite Index popped 3,640.76 points to 367,371.61, the JSE Main Index gained 2,217.69 points to close at 332,183.18 and the JSE Financial Index increased 1.11 points to close at 75.55.
The PE Ratio, a formula used to compute appropriate stock values, averages 12.9 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last selling prices of stocks and earnings forecasted by ICInsider.com for companies with the financial year ending up to August 2023.
Investor’s Choice bid-offer indicator shows 10 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cement lost $1.05 to close at $49.95 while exchanging 42,487 shares, Caribbean Producers rose 34 cents to end at $9.39 as investors exchanged 43,347 units, Eppley dropped $5.56 and ended at $31.54 in an exchange of 1,754 stock units, Eppley Caribbean Property Fund dipped $5.70 to close at $38 after 2,935 stocks were traded, Jamaica Broilers popped $1.49 in closing at $36.49 and closed with 28,359 shares being traded, Jamaica Stock Exchange fell 74 cents in closing at $13.10 after a transfer of 209 stock units, JMMB Group declined 30 cents and ended at $30 after exchanging 62,193 units, Kingston Properties shed 50 cents to close at $6.70 with 16,917 stocks changing hands, Margaritaville dipped 49 cents to end at $18.50 after 50 units crossed the market, Massy Holdings declined $2.95 to close at $97.05 in switching ownership of 650 shares, 138 Student Living shed 77 cents to close at $4.90 after investors traded 19,872 stocks, Portland JSX lost $1.23 to end at $10.25 with a transfer of one stock unit, Proven Investments dropped 50 cents to $25.50 after an exchange of 12,700 stocks and Supreme Ventures climbed 50 cents to $27.50 with investors transferring 77,229 shares.
In the preference segment, Productive Business 10.50% preference share gained $59.75 in closing at $1101 after 50 stock units passed through the market, Eppley 5% preference share fell $3.96 in closing at $19.01 with shareholders swapping one unit, Jamaica Public Service 7% dipped $6.95 to close at $79.06, with 374 shares changing hands. Jamaica Public Service 9.5% lost $21 to end at $2979 in trading 6 stock units, JMMB Group 7% preference share advanced 34 cents to $2.11 with 51 stocks crossing the exchange, JMMB Group 7.25% preference share fell 75 cents to $4.25 after 2,085 units crossed the market. 138 Student Living preference share dropped $5.33 to end at $120.17 with 55 shares clearing the market and Productive Business Solutions 9.75% preference share increased $10.69 in closing at $117.63 with shareholders trading just one stock.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.