Stocks were lifted by a 24 percent jump volume of stocks traded buoyed by a 155 percent surge in funds entering value greater The on the Jamaica Stock Exchange Main Market on Tuesday over Monday, after the trading of 54 securities, down from 58 on Monday, with prices of 25 rising, 18 declining and 11 ending unchanged.
A total of 7,367,753 shares were traded for $142,989,772 up from 5,922,099 units at $55,983,304 on Monday.
Trading averaged 136,440 shares at $2,647,959 versus 102,105 stocks at $965,229 on Monday and month to date, an average of 140,911 units at $1,528,175 compared with 141,332 units at $1,422,829 on the previous day. December closed with an average of 604,110 units at $4,072,598.
Sagicor Select Manufacturing & Distribution Fund led trading with 2.0 million shares for 27.2 percent of total volume followed by Massy Holdings with 878,264 units for 11.9 percent of the day’s trade and Wigton Windfarm with 704,752 units for 9.6 percent market share.
The All Jamaican Composite Index popped 1,643.83 points to settle at 390,218.26, the JSE
Main Index advanced 1,861.07 points to 343,622.12 and the JSE Financial Index rose 0.39 points to close at 82.12.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.1 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments shed $2.10 in closing at $89.90 in exchanging 1,349 shares, Caribbean Cement dipped $1.50 to $62 with a transfer of 766 units, Caribbean Producers lost 43 cents to finish at $11.35 as investors exchanged 10,631 stocks. Carreras advanced 45 cents to $8.45 in switching ownership of 176,420 stock units, Eppley Caribbean Property Fund declined $7.50 to close at $42.45 with investors transferring 210 shares,
First Rock Real Estate gained $1 to end at $12.93 after investors swapped 7,947 stocks. Guardian Holdings rose $4 to $520 with 332 units changing hands, Jamaica Broilers advanced $1.93 to $30 in trading 23,850 stock units, Jamaica Producers fell $1.38 to $20.12 after 163,499 stock units cleared the market. Mayberry Investments rallied 52 cents to end at $8.85 with a transfer of 9,479 stocks, NCB Financial climbed $1.98 to $79.98 trading 308,007 shares, Palace Amusement dropped $95 to close at $1,800 after 208 units were exchanged. Proven Investments shed $1 ending at $30 with investors swapping 5,852 stock units, Sagicor Group declined $4 to close at $50 in exchanging 15,057 stocks, Scotia Group popped 89 cents to $34.89 in switching ownership of 59,513 units. Seprod gained $1.40 in ending at $67.45 with 19,093 shares changing hands and Stanley Motta popped 58 cents in closing at $4.98 trading 18,204 units.
In the preference segment, Eppley 7.25% preference share dipped 50 cents to $19.50 in a transfer of 53 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.