Rising JSE main market stocks batter losers

Market activity on Monday on the Jamaica Stock Exchange Main Market ended Tuesday, with the volume of stocks traded rising 163 percent and the value 285 percent more than Monday as rising stocks exceeded those declining by a wide margin.
The All Jamaican Composite Index rallied 2,316.94 points to settle at 450,438.19, the JSE Main Index and the JSE Financial Index advanced 0.31 points to settle at 93.97.
Some 53 securities traded compared to 54 on Monday, with 34 rising, ten declining and nine ending unchanged.
The PE Ratio, a formula used for computing appropriate stock values, averages 14.7. 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.
Overall, 19,187,062 shares traded for $194,339,772 versus 7,299,070 units at $50,442,185 on Monday. Trading averages 362,020 units at $3,666,788, compared to 135,168 shares at $934,115 on Monday and month to date, an average of 238,645 units at $3,561,016, compared to 232,770 units at $3,558,980 on the previous trading day. April  averaged 532,209 units at$5,709,319.
JMMB Group 7.5% preference share led trading with 10.52 million units for 54.8 percent of total volume, followed by Supreme Ventures with 1.43 million shares for 7.4 percent of the day’s trade, Transjamaican Highway ended with 1.32 million units for 6.9 percent market share and Caribbean Producers exchanged 1.02 million units for 5.3 percent market share.
Investor’s Choice bid-offer indicator shows 17 stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Barita Investments rallied 35 cents to end at $88 with an exchange of 123,555 shares, Berger Paints advanced $1.37 to $12, with just 84 units crossing the exchange, Caribbean Cement rose $4.45 to $68.45 after 31,606 stock units passed through the market. Caribbean Producers rallied 87 cents to $15.65 in switching ownership of 1,023,013 stocks, Carreras increased 40 cents to $9.90 after 294,229 units changed hands, Eppley dropped $6.23 to $40, with 4,028 stocks crossing the market. Eppley Caribbean Property Fund popped $1 to $45 while exchanging 5,325 shares, First Rock Capital climbed 45 cents in closing at $12.50 in an exchange of 915 stock units, GraceKennedy rose $3 to close at $110.50 as 12,469 shares changed hands. Guardian Holdings advanced $15 to end at $535, trading 3,909 stock units, Jamaica Broilers rallied 50 cents to close at $28.50 after exchanging 23,170 units, Jamaica Producers gained 50 cents in ending at $22.50 with the swapping of 2,337 stocks. Jamaica Stock Exchange popped 50 cents to $19, with 95,847 shares changing hands, Massy Holdings shed $3 in closing at $95 after exchanging 29,647 units, Mayberry Investments increased 35 cents to end at $10.45, with 317,126 stocks clearing the market. MPC Caribbean Clean Energy lost $3 after finishing at $102 in exchanging 48 stock units, NCB Financial fell 40 cents to $106 in trading 51,458 shares, Palace Amusement climbed $3.95 to close at $923.95 in exchanging 11 units. Proven Investments increased $2.24 to end at $38.99 after trading 2,183 stock units, Supreme Ventures climbed 49 cents in closing at $29.50, with 1,425,406 stocks clearing the market, Sygnus Credit Investments advanced $1.10 to end at $15.90 trading 130,918 shares and Sygnus Real Estate Finance rallied $1.54 in closing at $15.54 in trading 7,000 stock units.
In the preference segment, Jamaica Public Service 9.5% popped by $1 to close at $3000 after just one unit changed owners and Productive Business Solutions 9.75% preference share declined by $2 in, ending at $105 with an exchange of 774 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.