More gains for JSE Main Market


Trading picked up moderately on the Jamaica Stock Exchange Main Market on Tuesday, with the volume of stocks traded just rising compared to Monday, with the value climbing 41 percent, following trading in 57 securities compared with 61 on Monday, with prices of 25 rising, 20 declining and 12 ending unchanged, with Guardian Holding leading trading with the highest price movement higher after the company posted sold first quarter, excluding a huge investment loss due to market volatility.

The market closed following trading of 6,059,984 shares at $59,541,759 compared to 5,898,243 stock units at $42,246,380 on Monday.
Trading averaged 106,316 shares at $1,044,592 compared to 96,693 stock units at $692,564 on Monday. Trading for the month to date, ends with an average of 238,006 units at $1,255,363 compared with 299,533 shares at $1,353,838 on the prior day and April with an average of 342,509 stock units at $2,726,829.
On a day of low trading activities, Transjamaican Highway led trading with a mere 1.49 million shares for 24.7 percent of total volume, followed by Supreme Ventures, with 1.45 million units for 24 percent of the day’s trade and Sagicor Select Manufacturing & Distribution Fund with 855,023 stocks for 14.1 percent of the volume traded.
The All Jamaican Composite Index advanced 1,365.04 points to finish at 412,648.76, the JSE Main Index climbed 1,903.10 points to 349,681.04 and the JSE Financial Index advanced 0.20 points to 64.89. At the close, the Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and one with a lower offer.
The Main Market ended trading with an average PE Ratio of 20.7. The JSE Main and the 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 2026.
At the close, Barita Investments climbed 99 cents to finish at $69, after trading of 477 shares, Eppley Caribbean Property Fund popped $3 to $45, with 776 stocks crossing the market, GraceKennedy slipped 80 cents in closing at $70.20 after an exchange of 6,149 shares. Guardian Holdings increased $4 to close at $350 with investors trading 11,170 units, Jamaica Producers sank $2.25 and ended at $22.75, with 15,461 stock units clearing the market, Massy Holdings rose $2 to end at $74, after trading of 1,921 shares. MPC Caribbean Clean Energy rallied $1 to $38 and closed with an exchange of 32 units, Sagicor Real Estate Fund gained 40 cents in closing at $11.30 with 1,877 stocks changing hands and Supreme Ventures advanced 55 cents and ended at $16.80 with 1,452,156 stock units crossing the market.
In the preference segment, Eppley 7.25% preference share popped $3.34 to finish at $19.50 with traders dealing in 43 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com