Month end rally for JSE

The usual month end rally surfaced again on the last trading day for July, on the Jamaica Stock Exchange Main Market on Friday, with the volume of stocks rising 232 percent more than on Thursday, with a 157 percent higher value, with rising stocks exceeding those declining.
The All Jamaican Composite Index gained 1,802.80 points to close at 429,500.62, the JSE Main Index climbed 1,031.73 points to 375,693.41 and the JSE Financial Index inched 0.52 points higher to 89.64.
Trading ended with 59 securities compared to 56 on Thursday, with 23 rising, 21 declining and 15 ending unchanged.
At the close of trading, 22,398,173 shares were exchanged for $169,689,057 versus 6,738,750 units at $66,010,050 on Thursday. Trading averages 379,630 units at $2,876,086, compared to 120,335 shares at $1,178,751 on Thursday and a month to date, average of 173,643 units at $1,683,017, compared to 162,714 units at $1,619,716 on the previous trading day. June closed with an average of 281,913 units at $5,309,050.
Wigton Windfarm led trading with 9.80 million shares for 43.7 percent of total volume, followed by JMMB Group 7.35% – due 2028, with 5.08 million units for 22.7 percent of the day’s trade and Transjamaican Highway with 1.80 million units for 8 percent market share.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.9 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Investor’s Choice bid-offer indicator shows 15 stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Eppley dropped $1.98 to end at $38.70 with an exchange of 866 shares, Guardian Holdings shed $5 in ending at $505, with 139 stocks crossing the market, Jamaica Producers climbed $1.71 to $22.49 in an exchange of 143,940 units. Jamaica Stock Exchange increased $1.54 to close at $19.49, with 235,971 stock units clearing the market, Mayberry Investments gained 89 cents in closing at $10.69 after trading 37,405 units, Mayberry Jamaican Equities lost 50 cents to end at $14.50 in exchanging 570 stock units. NCB Financial rallied $6.95 to $97, trading 15,437 stocks, Palace Amusement fell $1 to close at $889 in exchanging one share, PanJam Investment rose 54 cents in closing at $64.99 with the swapping of 11,910 units. Proven Investments declined 79 cents after ending at $32.51, with 44,818 stock units crossing the exchange, Salada Foods popped 50 cents to end at $5.10 in trading 4,882 stocks, Scotia Group advanced 47 cents while ending at $36.47 in trading 17,005 shares. Seprod gained $1.93 in closing at $70 after exchanging 23,844 units, Supreme Ventures climbed 62 cents to close at $30, with 184,773 stocks changing hands.
In the preference segment, 138 Student Living preference share rose 90 cents to a 52 weeks’ close of $40 with an exchange of 101 stock units and Productive Business Solutions 9.75% preference share increased 50 cents to $105 in switching ownership of 1,945 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.