Locally based stocks had a b rally on Thursday at the close of the Jamaica Stock Exchange Main Market, with the volume of stocks traded rising 153 percent and the value 26 percent more than on the prior day, with trading in 55 securities up from 53 on Wednesday, with prices of 18 rising, 17 declining and 20 ending unchanged.
Some 12,877,172 shares were traded for $69,293,990 up from 5,083,717 units at $55,164,698 on Wednesday.
Trading averaged 234,130 shares at $1,259,891 well above the 95,919 units that traded at $1,040,843 on Wednesday, Trading for the month to date, an average of 685,922 units at $6,407,819 down from 712,442 units at $6,709,992 on the previous day, well ahead of the average of 246,425 units at $1,945,941 in June.
Wigton Windfarm led trading with 6.79 million shares for 52.8 percent of total volume followed by Transjamaican Highway with 3.16 million stocks for 24.5 percent of the day’s trade and Lasco Manufacturing with 516,282 units for 4 percent market share.
The All Jamaican Composite Index rallied 1,667.39 points to close at 354,910.05, the JSE Main Index rallied 358.22 points to close trading at 313,422.34 and the JSE Financial Index shed 0.34 points to wrap up trading at 65.84.
The Main Market ended trading with an average PE Ratio of 13.6. 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 11 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Berger Paints dipped 50 cents to finish at $7.90 with traders dealing in 366 stock units, Eppley rallied $2.79 and ended at $37.90 in an exchange of 572 shares, Eppley Caribbean Property Fund fell $3.55 to $37 with investors swapping 5,251 stocks. GraceKennedy popped 30 cents in closing at $73.50 with a transfer of 29,909 units, Guardian Holdings slipped $3 to end at $347, with 2,706 stocks changing hands, Jamaica Broilers sank $1.08 to close at $32.90 in trading 383,234 units. 
Jamaica Producers gained 50 cents to close at $24 after a transfer of 6,901 shares, Kingston Wharves rose $1 to finish at $27 after 7,313 stock units passed through the market, Lasco Manufacturing climbed 40 cents and ended at $6.50 after an exchange of 516,282 shares. NCB Financial increased $1.45 in closing at $53.45 with an exchange of 16,564 units, Pan Jamaica advanced $3 to close at $50 with investors trading 25,151 stocks, Sagicor Group dropped 75 cents to end at $40 with an exchange of 6,409 stock units and Seprod popped $1 in closing at $80 with 42,601 shares clearing the market.
In the preference segment, Jamaica Public Service 9.5% rallied $2 to $2,699 after an exchange of 4 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Local stocks push Main Market higher
July 25, 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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