The Jamaica Stock Exchange Main Market jumped on Monday, with the volume of stocks traded rising 154 percent and the value rising just 6 percent more than on Friday, with trading in 61 securities up from 57 on Friday, with prices of 28 rising, 16 declining and 17 ending unchanged.
The market closed with 18,204,801 shares being traded for $48,152,166 compared to 7,156,390 stocks at $45,293,210 on Friday.
Trading averaged 298,439 shares at $789,380 compared with 125,551 stocks at $794,618 on Friday and month to date, an average of 248,062 units at $3,996,417 compared with 237,646 units at $4,659,567 on the previous day and August that ended with an average of 290,511 units at $2,258,494.
Wigton Windfarm led trading with 9.13 million shares for 50.2 percent of total volume followed by Transjamaican Highway with 4.08 million stocks for 22.4 percent of the day’s trade, Sagicor Select Manufacturing & Distribution Fund with 1.94 million units for 10.6 percent market share and Transjamaican Highway 8% with 1.02 million shares for 5.6 percent of total volume.
The All Jamaican Composite Index advanced 2,790.40 points to conclude trading at 350,070.82, the JSE Main Index advanced 3,574.84 points to settle at 308,077.73 and the JSE Financial Index popped 0.61 points to 63.90.
The Main Market ended trading with an average PE Ratio of 14.3. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close of the market, Berger Paints advanced 74 cents and ended at $6.84 with just 226 shares crossing the market, Caribbean Cement rose $1.99 to $65 with an exchange of 44,951 stocks, Eppley climbed $2 to finish at $37 after trading in 15,155 shares. GraceKennedy increased $2.46 to end at $74.46 with investors dealing in 9,608 stock units, Guardian Holdings popped $3 in closing at $291 in switching ownership of 1,045 shares, Jamaica Producers rallied 50 cents to close at $21.50 after a transfer of 9,882 units. Massy Holdings gained 90 cents to $78.90 as investors exchanged 4 stocks, MPC Caribbean Clean Energy popped $8.80 in closing at $96.80 after just 2 stock units were traded, 
Pan Jamaica climbed $3.47 to close at $49.47 after an exchange of 4,396 shares. Seprod rose 51 cents and ended at $85 with investors trading 4,050 stocks and Wisynco Group lost 73 cents to finish at $21.02 in an exchange of 75,769 units.
In the preference segment, Eppley 7.50% preference share skidded 86 cents to end at $5.36 with 354 stock units changing hands. 138 Student Living preference share rallied $24.99 in closing at $199.99 in an exchange of only 1 share and Sygnus Credit Investments C10.5% sank $2 to $103 with investors swapping 796 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Jump in the JSE Main Market
September 9, 2024 by IC Insider.com
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, AS Bryden, Barita Investments, Berger Paints, Caribbean Cement, Caribbean Producers, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, General Accident, Grace Kennedy, Innovative Energy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Lasco Distributors, Lasco Manufacturing, Mayberry Group, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group
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