Modest gain for JSE main market

Moderately more shares were exchanged on the Jamaica Stock Exchange Main Market on Tuesday valued 108 percent more than on Monday Market activity ended, with the prices of rising stocks falling behind declining ones.
The All Jamaican Composite Index gained 501.91 points to end at 435,913.02, the JSE Main Index rallied 603.43 points to 381,610 and the JSE Financial Index increased 0.14 points to settle at 91.31.
Trading ended with 52 securities compared to 54 on Monday, with 17 rising, 22 declining and 13 ending unchanged.
The PE Ratio, a formula used in ascertaining appropriate stock values, averages 14.1 for the Main Market. The JSE Main and USD Market PE ratios are computed based on’s forecasted earnings for companies with financial years, ending up to the close of August 2023.
Overall, 14,229,124 shares were exchanged for $463,454,123 versus 13,828,390 units at $222,616,334 on Monday. Trading averages 273,637 units at $8,912,579, compared to 256,081 shares at $4,122,525 on Monday and month to date, an average of 258,926 units at $4,053,482, compared to 257,923 units at $3,722,324 on the previous trading day. May closed with an average of 238,645 units at $3,561,016.
Productive Business Solutions 9.75% Preference share led trading with 3.63 million shares for 25.5 percent of total volume, followed by Transjamaican Highway with 2.64 million units for 18.6 percent of the day’s trade, Wigton Windfarm traded 1.49 million units for 10.4 percent market share and Sagicor Select Financial Fund ended with 1.13 million units for 8 percent market share.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and one stock with a lower offer.
At the close, Caribbean Cement rose $1.50 to $64.50 with the swapping of 51,968 shares, Eppley lost $2.50 in ending at $40 after exchanging 2,930 units, Eppley Caribbean Property Fund dropped $2 to close at $40 in switching ownership of 4,502 stock units. First Rock Capital gained 99 cents to end at $13, with 12,625 stocks crossing the exchange, GraceKennedy declined $1.50 in closing at $103 in trading 29,388, units, Guardian Holdings fell $9.50 in closing at $497.50 with an exchange of 35 stock units. Jamaica Broilers popped 50 cents to close at $26.50 in trading 22,882 shares, Jamaica Producers shed 89 cents to end at $20.51, with 21,247 stocks changing hands, Jamaica Stock Exchange declined $1 in ending at $17.50 with 58,695 shares clearing the market. JMMB Group lost 51 cents to end at $42.49 while exchanging 62,861 stock units, Kingston Wharves advanced 70 cents in closing at $37 in trading 2,432 units, Mayberry Investments fell 50 cents to $10.50 as 69,355 stocks changed hands. MPC Caribbean Clean Energy increased $10.50 to $106.50 after exchanging 180 stocks, NCB Financial climbed $4.20 to close at $101.20, with 60,622 shares crossing the market, Proven Investments dropped 97 cents to end at $36.03 after trading 68,396 units. Seprod shed $1.60 to close at $70, with 8,883 stock units crossing the market, Supreme Ventures lost 67 cents to end at $29.63 after trading 260,691 units, Sygnus Real Estate Finance declined $1.45 in closing at $14 and closing with 2,296 stock units changing hands.
In the preference segmentJamaica Public Service 9.5% dropped $200 ending at $2800, with 5 stock units crossing the market and Productive Business Solutions 9.75% preference share rallied $8.25 to $108.25 in an exchange of 3,625,207 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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