Rising JSE Main Market

Stocks recorded gains for a second straight day on Friday on the Jamaica Stock Exchange Main Market, with trading ending with the prices of 23 stocks rising, 17 declining and 13 ending unchanged, with the volume traded declining 33 percent but with a much higher value of 223 percent compared to Thursday, after trading in 53 securities down from 58 on Thursday.
Trading ended with 5,510,092 shares at $150,228,385 versus 8,211,791 units at $46,473,139 on Thursday.
Trading averaged 103,964 shares at $2,834,498 compared with 141,583 shares at $801,261 on Thursday and month to date, an average of 145,741 units at $1,474,265 compared to 150,524 units at $1,318,558 on the previous day. December closed with an average of 604,110 units at $4,072,598.
Massy Holdings led trading with 1.35 million shares for 24.4 percent of total volume, followed by Pulse Investments with 576,242 units for 10.5 percent of the day’s trade and Jamaica Producers with 438,161 units for 8 percent market share.
The All Jamaican Composite Index advanced 3,343.14 points to 392,986.76, the JSE Main Index rallied 2,244.00 points to 345,497.10 and the JSE Financial Index rose 0.39 points to 82.63.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.4 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with financial year ending between November last year and August 2023.
Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Cement declined 90 cents and ended at $62 with investors transferring 4,026 shares, Eppley Caribbean Property Fund climbed $5 in closing at $45 in switching ownership of 788 stocks, Guardian Holdings rallied 60 cents to $508.61 after 25 units crossed the market. Jamaica Broilers shed $1 to close at $29 in exchanging 231,447 stock units, Jamaica Producers lost 50 cents to end at $21.49 with a transfer of 438,161 shares, Jamaica Stock Exchange fell $1 to end at $14.50 in trading 3,001 stock units. JMMB Group advanced $1.05 to finish at $34 with an exchange of 278,837 units, Kingston Wharves gained 55 cents in ending at $3,5, trading 2,171 stocks, Margaritaville popped $1.99 to close at $22.99 with the swapping of 10 shares. Massy Holdings dipped $1.95 to $78 with investors exchanging 1,345,487 stocks, Palace Amusement dropped $91.89 to close at $1,810.50 after the price hit an intraday 52 weeks’ high of $2,000 with 648 shares changing hands, PanJam Investment advanced $2.46 to $65 in trading 693 stock units. Sagicor Group rose $1.12 to end at $52.61 after a transfer of 5,943 stock units, Supreme Ventures fell 70 cents to $27.30 in switching ownership of 9,231 stocks and Sygnus Real Estate Finance declined 88 cents ending at $9.02 with a transfer of 6,600 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.