Main Market rises into June

Trading activity on the Jamaica Stock Exchange Main Market ended on Thursday, with the volume of stocks traded declining 64 percent and the value 65 percent lower than on Wednesday, with 54 securities trading compared to 57 on Wednesday, with 15 rising, 26 falling and 13 ending unchanged.
A total of 8,887,886 shares were traded for $52,849,273 compared to 4,443,891 units at $149,369,888 on Wednesday.
Trading averaged 164,590 shares at $978,690 compared with 428,840 shares at $2,620,524 on Wednesday. May closed with an average of 226,361 units at $1,362,447.
Transjamaican Highway led trading with 4.60 million shares for 51.8 percent of total volume, followed by Sagicor Select Financial Fund with 2.02 million units for 22.7 percent of the day’s trade and Wigton Windfarm with 777,412 units for 8.7 percent of market share.
The All Jamaican Composite Index jumped 2,332.39 points to 372,808.36, the JSE Main Index rose 1,749.45 points to finish at 338,283.36 and the JSE Financial Index popped 0.76 points to 76.19.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.4 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2023.
Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and six with lower offers.
At the close, Caribbean Cement fell $1.93 to close at $54, with 50,369 shares changing hands, Caribbean Producers rose 45 cents to end at $10.10, with 13,596 stocks crossing the market, Eppley lost 99 cents to close at $37 after eight stock units were traded. Eppley Caribbean Property Fund increased 40 cents to $40.40 after an exchange of 1,590 units, First Rock Real Estate declined 95 cents and ended at $10.15 after 3,208 shares changed hands, Jamaica Broilers shed 40 cents in ending at $35.99 in an exchange of 146,932 units. Jamaica Stock Exchange dropped $1.75 in closing at $12.05 after investors swapped 70,152 stocks, JMMB Group dipped $1.24 to $28.75 after exchanging 27,614 stock units, Massy Holdings climbed $1.50 to $104.50 with investors transferring 732 shares. Mayberry Investments rallied 47 cents to end at $8.50, with 102,411 units crossing the market, NCB Financial popped 49 cents to $69.99 as 148,709 stock units passed through the market, Sagicor Group dipped $3.74 and ended at $48.25 after investors ended trading of 39,116 stocks. Scotia Group advanced 60 cents to close at $34.85 while exchanging 323,426 shares, Seprod declined $6 to $70 with an exchange of 2,214 units, Supreme Ventures fell 99 cents to end at $26.90 with shareholders swapping 18,867 stock units and Sygnus Credit Investments rallied 30 cents to $12.90 with a transfer of 200 stocks.
In the preference segment, Jamaica Public Service 7% advanced $9.20 and ended at $78.50 after a transfer of 1,589 units and 138 Student Living preference share shed $15.75 to close at $89.25 with 106 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.