Rally for JSE Main Market

Market activity on the Jamaica Stock Exchange Main Market ended on Monday, with the volume of stocks traded declining 42 percent with an 85 percent lower value than on Friday, leading to gains in the major indices after 60 securities were exchanged compared to 58 on Friday, resulting in 23 rising, 27 declining and 10 ending unchanged.
Investors traded 12,286,844 shares for $70,856,504 against 21,314,565 units at $485,002,686 on Friday.
Trading averaged 204,781 shares at $1,180,942 versus 367,493 stock units at $8,362,115 on Friday and month to date, an average of 213,094 units at $3,048,601, against 213,626 units at $3,168,195 on the previous trading day. August closed with an average of 738,534 units at $5,975,613.
Transjamaican Highway led trading with 4.23 million shares for 34.4 percent of total volume, followed by Wigton Windfarm with 3.16 million units for 25.7 percent of the day’s trade and Sagicor Select Financial Fund with 2.52 million units for 20.5 percent market share.
The All Jamaican Composite Index advanced 3,865.75 points to 410,694.24, the JSE Main Index rallied 2,301.06 points to 358,399.27 and the JSE Financial Index gained 0.62 points to close at 85.48.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.8 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows 11 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments gained $4 to close at $98 after trading 293,687 shares, Caribbean Cement popped $1.48 to $62.48 after 5,402 units crossed the exchange, Carreras increased 48 cents to $8.98 with a transfer of 63,210 stocks. Eppley climbed $2.51 to $41 in trading 2,335 stock units, First Rock Real Estate dropped $1.50 to $12 as investors exchanged 2,785 stock units, Guardian Holdings fell $24.97 to close at $495 in switching ownership of 712 units. Jamaica Stock Exchange declined 50 cents to $15.50, with 4,355 shares crossing the market, Kingston Properties advanced $1.05 in closing at $7 after exchanging 4,313 stocks, Kingston Wharves shed $6 to $38, with 20,715 stocks changing hands. Massy Holdings lost $7.90 to end at $82.10 after exchanging 310 shares, 138 Student Living dipped 96 cents to close at $5.54 with an exchange of 4,066 stock units, Palace Amusement rallied $19.95 to $750 after exchanging 119 units. PanJam Investment dropped $1.49 to $58.50 while exchanging 26 stocks, Sagicor Group rose $3.50 in closing at $53.50 with the swapping of 29,523 units, Scotia Group rallied $2 to end at $35.50, with 408 shares clearing the market. Seprod climbed $1.95 to $67 after a transfer of 5,676 stock units, Supreme Ventures lost $2.40 to end at $27.60, with 403,709 stock units changing hands and Sygnus Real Estate Finance shed $1.64 in closing at $9.27 in an exchange of 1,133 shares.
In the preference segment, Productive Business Solutions 9.75% preference share dipped 50 cents to $139.50 and closed with 198 stocks traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.