The Jamaica Stock Exchange Main Market closed higher on Monday, with a 32 percent fall in the volume of stocks traded valued at 52 percent more than on Friday, following trading in 57 securities compared with 56 on Friday, with prices of just 14 rising, 27 declining and 16 ending unchanged.
The market closed with an exchange of 7,412,487 shares at $47,727,836 compared with 10,938,538 units at $31,392,756 on Friday.
Trading averaged 130,044 shares at $837,330 compared to 195,331 units at $560,585 on Friday and month to date, an average of 341,224 units at $3,526,031 compared to 382,589 units at $4,052,684 on the previous day and July with an average of 602,415 units at $5,405,031.
Wigton Windfarm led trading with 3.50 million shares for 47.3 percent of total volume followed by Transjamaican Highway with 1.18 million units for 15.9 percent of the day’s trade and Kingston Wharves with 359,790 stocks for 4.9 percent market share.
The All Jamaican Composite Index rose 633.88 points to end at 351,430.31, the JSE Main Index rallied 139.96 points to 310,098.96 and the JSE Financial Index popped 0.38 points to end at 65.25.
The Main Market ended trading with an average PE Ratio of 14.1. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, General Accident slipped 94 cents to $6.35 after a transfer of 8,003 shares, Jamaica Broilers climbed $2.25 to $35.75 in switching ownership of 45,276 units, Jamaica Producers fell 96 cents to end at $24 after an exchange of 2,802 shares. Jamaica Stock Exchange declined 85 cents and ended at $10.13 with investors swapping 37,401 stock units, JMMB Group rose $1.75 to close at $24 with 99,530 shares clearing the market, Kingston Wharves rallied 50 cents to finish at $27.50 in an exchange of 359,790 stock units. 
Lasco Manufacturing shed 33 cents to $6.90 after 103,366 stocks passed through the market, Massy Holdings dropped $2.90 to end at $76, with 4,915 units crossing the exchange, Pan Jamaica popped $3.86 in closing at $49.97 with a transfer of 960 stocks. Proven Investments sank $1.05 to close at $16.54 after an exchange of 2,161 shares, Sagicor Group skidded $1 to finish at $40 with 10,575 stock units crossing the market, Scotia Group sank 40 cents and ended at $44.75 with an exchange of 160,052 units and Seprod dipped $2.35 to $79.90 after trading 12,981 shares.
In the preference segment, Eppley 7.25% preference share lost 30 cents to close at $19.50 as investors exchanged 646 stock units, Jamaica Public Service 7% shed $1.77 in closing at $46.23 in trading 318 units and Sygnus Credit Investments C10.5% dropped $3.90 to end at $104 after closing with an exchange of 3,380 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Mixed trading for JSE Main Market
August 12, 2024 by IC Insider.com
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, AS Bryden, Barita Investments, Berger Paints, Caribbean Cement, Caribbean Producers, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, General Accident, Grace Kennedy, Innovative Energy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Lasco Distributors, Lasco Manufacturing, Mayberry Group, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group
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