Main Market stocks rise 3.1% in 2024


Trading on the Jamaica Stock Exchange Main Market ended on Tuesday, with the volume of stocks traded declining 22 percent and the value 38 percent more than on Monday, with trading in 65securities compared with 64 on Monday, with prices of 23 rising, 18 declining and 24 ending unchanged as the market closed with moderate gains for the year, with Lasco Manufacturing being the leading Main Market stock for the year.

The market closed with 31,201,756 shares traded for $215,989,231 versus 40,210,672 stock units at $156,530,284 on Monday. Trading ended with an average of 480,027 shares at $3,322,911 compared to 628,292 stocks at $2,445,786 on Monday. For month to date, trading ended with an average of 967,720 units at $18,390,902 compared to 995,214 shares at $19,240,355 on the Monday and November with an average of 286,669 stock units at $2,555,172.
Wigton Energy led trading with 18.17 million shares for 58.2 percent of total volume followed by Transjamaican Highway with 3.04 million stocks for 9.8 percent of the day’s trade, Supreme Ventures ended with 2.07 million units for 6.6 percent market share, Radio Jamaica closed with 1.73 million stocks for 5.5 percent of the volume traded and Jamaica Broilers with 1.21 million shares for 3.9 percent of total volume.
The All Jamaican Composite Index climbed 2,828.07 points to end at 388,229.99, up 5.8 percent for 2024 the JSE Main Index rallied 2,595.47 points to end the year with a rise of 3.1 percent at 335,794.94 and the JSE Financial Index popped 0.62 points to wrap up trading at 68.41. The Investor’s Choice bid-offer indicator shows 18 stocks ending with bids higher than their last selling prices and four with lower offers.
The Main Market ended trading with an average PE Ratio of 15.4. The JSE Main and USD Market PE ratios are based on the last traded prices and projected earnings done by ICInsider.com for companies with the financial year ending around August 2025.
At the close of market activities, AS Bryden skidded 69 cents to end at $30 with an exchange of 3,094 shares, Berger Paints rose 60 cents in closing at $7.70 with 1,360 stocks changing hands, Caribbean Cement gained $5.40 to close at a 52 weeks’ high of $92 in an exchange of 73,191 shares. Eppley Caribbean Property Fund sank $8 to finish at to close at a 52 weeks’ low of $29 with traders dealing in 5,346 stock units, Jamaica Producers popped 75 cents and ended at $24.75 and closed with an exchange of 44,032 shares, Jamaica Stock Exchange increased $1.30 to close at $13.30 with a transfer of 93,002 stocks. Kingston Wharves climbed $2.42 to $34.25 with 19,263 units crossing the market, Massy Holdings rallied $3.19 and ended at $87 with investors trading 12,922 stock units, Mayberry Jamaican Equities slipped $1.73 to finish at $11.27 in an exchange of 27,330 shares. NCB Financial advanced 99 cents in closing at $51 with investors trading 248,922 stock units, Pan Jamaica popped $1 to end at $59 after a transfer of 25,066 stocks, Sagicor Real Estate Fund rallied 35 cents to close at $8.40 with trading of 4,732 units. Salada Foods rose 50 cents to $4 with 177,471 shares crossing the market, Scotia Group climbed $3.29 to close at $53.99 as investors exchanged 17,018 stocks, Seprod increased $8.40 to end at a 52 weeks’ high of $92.40 in switching ownership of 102,565 units. Supreme Ventures advanced $3 in closing at $26.50 after an exchange of 2,065,841 stock units and Wisynco Group gained 64 cents to finish at $21.99 with investors swapping 47,051 shares.
In the preference segment, Jamaica Public Service 7% popped $1.45 and ended at $43.95 with 21 stocks crossing the exchange. Jamaica Public Service 9.5% dropped $453.85 to $2,650 with investors dealing in 400 units and 138 Student Living preference share shed $62 to end at $195 after an exchange of 209 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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