Major gains for JSE Indices

In another bullish trading session market activity ended on Monday, with the volume of shares trading declining 81 percent with the value plunging 91 percent lower than on Friday on the Jamaica Stock Exchange Main Market as the market started trading in the New Year on a somewhat bullish note, with a big surge in the main market indices. 
The All Jamaican Composite Index spiked 5,120.48 points higher to 443,448.85, the JSE Main Index surged 4,165.18 points to 400,320.79 and the JSE Financial Index rose 0.29 points to settle at 98.34. A total of 56 securities traded, up from 51 on Friday, with 19 rising, 29 declining and eight ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.2. The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
Overall, 9,374,442 shares traded for $93,370,734 versus 49,011,312 units at $1,058,239,253 on Friday. Sterling Investments  ed trading with 2.51 million shares for 26.8 percent of total volume followed by Wigton Windfarm with 1.38 million units for 14.7 percent of the day’s trade and JMMB Group 912,984 units, with 9.7 percent market share.
Trading averages 167,401 units at $1,667,335, compared to 961,006 shares at $20,749,789 on Friday. December closed with an average of 479,143 units at $6,686,322.
Investor’s Choice bid-offer indicator shows seven stocks ended with a bid higher than their last selling prices and three with lower offers.
At the close, Barita Investments declined $1.82 to $96.after trading 24,509 stock units, Berger Paints rallied 90 cents to $13.40, with 20 units clearing the market. Eppley shed 45 cents in ending at $35.50 with an exchange of 362 stocks, Eppley Caribbean Property Fund dropped $3.99 in closing at $43, with 250 stocks crossing the exchange, First Rock Capital spiked 79 cents in closing at $11.49 in trading 21,158 units. GraceKennedy fell $2 to end at $100 in switching ownership of 125,740 stock units, Guardian Holdings increased $5.20 to $518.70 trading 64 shares, Jamaica Producers  lost $1.37 to close at $22.12 in exchanging 683 stock units. Jamaica Stock Exchange fell 79 cents to $17.21 in exchanging 3,442 shares,  strong>Kingston Wharves climbed 45 cents to end at $43.45 while exchanging 28,022 stocks, Margaritaville lost $1.30 to close at $14.70, with 3,200 units changing hands. Mayberry Investments dropped 80 cents to $7.20 with the swapping of 5,400 stock units, MPC Caribbean Clean Energy declined $15 to $100, with 812 shares crossing the market, NCB Financial shed $3.70 in closing at $125 after 127,117 units changed hands. 138 Student Living gained 65 cents to close at $5.10, with 14,826 shares crossing the market, Palace Amusement advanced $10 to end at $1050 after exchanging 4 stocks, PanJam Investment rose $1.51 to $67.51 in an exchange of 11,243 stocks, Proven Investments lost 51 cents in ending at $32.49 after exchanging 5,131 shares. Radio Jamaica popped 28 cents to close at $3.29 exchanging 833,060 units, Sagicor Group fell $4.85 in closing at $53.15 after 8,987 stock units changed hands, Scotia Group shed 90 cents to end at $35.50 with the swapping of 15,951 stocks. Seprod climbed 25 cents to $65.25, with 6,703 shares crossing the market, Stanley Motta rallied 30 cents $5.95 in trading 16,663 units, Supreme Ventures dropped 50 cents to close at $18, with 384 stock units changing hands and Sygnus Real Estate Finance declined 49 cents in closing at $15.51 clearing the market with 296 shares.
In the preference segment, JMMB Group 7.25% rose 61 cents in closing at $3.23 after trading 50 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.