NCB Financial was the dominant trade accounting for $944 million and Radio Jamaica was next with $50 million of the total amount traded on the Jamaica Stock Exchange Main Market on Friday, with the volume of stocks traded jumping 264 percent and the value surging 1,146 percent more than activity on Wednesday, with trading in 56 securities down from 59 on Wednesday, with prices of 14 stocks rising, 22 declining and 20 ending unchanged.
Investors traded 78,787,930 shares for $1,038,285,105 up sharply from 21,662,256 stocks at $83,325,820 on Wednesday.
Trading averaged 1,406,927 shares at $18,540,805 compared to 367,157 units at $1,412,302 on Wednesday and with an average of 602,415 units at $5,405,031 in July.
Radio Jamaica led trading with 51.07 million shares for 64.8 percent of total volume followed by NCB Financial with 18.15 million units for 23 percent of the day’s trade, Wigton Windfarm with 2.86 million units for 3.6 percent market share and Transjamaican Highway with 1.99 million units for 2.5 percent of total volume.
The All Jamaican Composite Index popped 688.96 points to end at 354,459.19, the JSE Main Index rose 265.75 points to close at 311,869.64 and the JSE Financial Index added 0.08 points to end at 66.04.
The Main Market ended trading with an average PE Ratio of 14. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasted by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Barita Investments dropped 59 cents to finish at $74 after 3,729 units passed through the market, Carreras sank 43 cents to $9.15, with 373,173 stocks changing hands, First Rock Real Estate rallied 41 cents and ended at $10.91 with investors dealing in 2,289 shares. General Accident rose 40 cents to close at $7.10 after 29,741 stock units were traded, GraceKennedy gained $1.22 to end at $74.22, with 6,952 shares crossing the exchange, Jamaica Broilers shed $1.15 in closing at $32.85 with traders dealing in 2,091 stocks. 
Kingston Wharves lost 50 cents to close at $27 after a transfer of 84,309 units, Margaritaville dipped 55 cents to close at $14.89, with one stock unit crossing the market, Mayberry Group popped 96 cents to end at $8.49 after an exchange of 133,250 shares. Pan Jamaica sank 75 cents to $50.25 with 14,274 stock units clearing the market, Sagicor Group increased $1 to finish at $41 in an exchange of 7,465 stocks, Scotia Group declined 70 cents to end at $43.70 with investors swapping 32,193 units and Supreme Ventures climbed $1.05 to $22.05 with a transfer of 155,329 shares.
In the preference segment, Sygnus Credit Investments C10.5% fell $2.98 to close at $105.01 as investors exchanged 700 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
NCB Financial heads Main Market trading
August 2, 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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