Main Market stocks deliver market gains

Trading activity on the Jamaica Stock Exchange Main Market ended on Tuesday, with a 51 percent surge in volume of stocks traded but with a 51 percent lower value than on Friday, with trading in 59 securities compared with 55 on Friday, with prices of 28 rising, 20 declining and 11 ending unchanged.
A total of 16,406,460 shares were traded for $54,958,585 compared to 10,893,836 units at $112,685,985 on Friday.
Trading averaged 278,076 shares at $931,501 compared to 198,070 stocks at $2,048,836 on Friday and month to date, an average of 728,508 units at $2,052,140 compared with 885,759 units at $2,443,369 on the previous trading day. July closed with an average of 283,368 units at $2,135,482
Wigton Windfarm led trading with 7.39 million shares for 45.1 percent of total volume, followed by Transjamaican Highway with 3.44 million units for 21 percent of the day’s trade and Stanley Motta with 1.63 million units for 9.9 percent of the day’s trade.
The All Jamaican Composite Index rose 153.51 points to close at 361,747.17, the JSE Main Index advanced 653.62 points to end trading at 326,741.46 and the JSE Financial Index shed 0.13 points to finish at 72.52.
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 traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Cement rose $1.01 to close at $56.20, with 1,159 shares crossing the market, Eppley rallied $2 to $35 after a transfer of 200 stock units, Eppley Caribbean Property Fund increased $1.95 and ended at $41.95 in trading 3,062 stocks, First Rock Real Estate shed 30 cents to end at $9.10 with an exchange of 6,000 units. GraceKennedy popped 50 cents in closing at $77.50 as investors exchanged 24,047 units, Guardian Holdings rallied $12.01 in ending at $452 with shareholders swapping 455 stocks, Jamaica Broilers dropped 98 cents in closing at $34 in switching ownership of 14,754 stock units, Jamaica Stock Exchange climbed 99 cents to end at $11.49 after an exchange of 2,008 shares. JMMB Group dipped $1.05 to $27.50, with 24,801 stock units passed through the market, MPC Caribbean Clean Energy advanced $1.95 to close at $81.95 with a transfer of 151 shares, NCB Financial lost 55 cents and ended at $74.45, with 77,444 units crossing the exchange, 138 Student Living popped 37 cents to end at $4.65, with 532 stocks changing hands. Pan Jamaica declined 95 cents to close at $47.05, with stakeholders exchanging 6,598 shares, Proven Investments fell $1.09 to $21.41 in an exchange of 19,332 units, Sagicor Group lost 50 cents in closing at $44.50 with 8,844 stock units clearing the market, Scotia Group increased 39 cents to end at $34.49 and closed with an exchange of 2,484 stocks. Stanley Motta dropped 40 cents in closing at $4.50 in an exchange of 1,628,165 shares, Supreme Ventures rallied 46 cents and ended at $29.45, with 20,637 stocks crossing the market and Sygnus Real Estate Finance fell 80 cents to $10.20 after trading 5,292 stock units.
In the preference segment, Jamaica Public Service 7% declined $14 to close at $55 after an exchange of 170 units, 138 Student Living preference share shed $15 to close at $84.98 while exchanging 119 units and Productive Business Solutions 9.75% preference share gained $1.45 to end at $102.95 with investors transferring 67 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.