Rising stocks pushed Main Market higher

Rising stocks edged out those declining on the Jamaica Stock Exchange Main Market, pushing the market higher at the close on Monday following a 96 percent plunge in the volume of stocks traded, with the value 99 percent lower than on Friday, after trading in 57 securities compared with 54 on Friday, with prices of 19 stocks rising, 17 declining and 21 ending unchanged.
The market closed with trading of 8,193,460 shares valued  $31,489,985 compared to 210,468,441 stock units at $4,731,124,716 on Friday.
Trading averaged 143,745 shares at $552,456 compared with 3,897,564 stocks at $87,613,421 on Friday and month to date, an average of 518,559 units at $10,107,236 compared with 555,650 shares at $11,052,761 on the previous trading day and August with an average of 290,511 stock units at $2,258,494.
Wigton Windfarm led trading with 4.37 million shares for 53.3 percent of total volume followed by Transjamaican Highway with 1.0 million units for 12.3 percent of the day’s trade and Sagicor Select Manufacturing & Distribution Fund with 732,598 stock units for 8.9 percent market share.
The All Jamaican Composite Index rose 2,895.15 points to 350,497.56, the JSE Main Index advanced 2,371.32 points to wrap up trading at 307,812.49 and the JSE Financial Index rose 1.11 points to close at 64.54.
The Main Market ended trading with an average PE Ratio of 14.2. The JSE Main and 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 2025.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, AS Bryden dipped $1.99 to close at $37 as investors exchanged 533 shares, Caribbean Cement rallied 49 cents to $63.50 after 2,386 stocks passed through the market, GraceKennedy rose 40 cents in closing at $73.50 with investors dealing in 5,930 shares. Guardian Holdings gained $15 to end at $310 after an exchange of 5 stock units, Jamaica Broilers sank $1.59 and ended at $33.40 with a transfer of 26,381 shares, Jamaica Stock Exchange popped 69 cents to finish at $10.69, with 438 stock units changing hands. Pan Jamaica advanced $3.12 to $49.20 with an exchange of 3,150 stocks, Proven Investments climbed 73 cents to end at $15.80 after investors ended trading 4,550 units, Salada Foods skidded 47 cents in closing at $3.01 in an exchange of 1,800 stock units. Scotia Group increased 81 cents to close at $44.80 with investors swapping 200,262 units, Sygnus Real Estate Finance climbed $1.27 and ended at $10.45 in switching ownership of 8 shares and Wisynco Group lost 42 cents to finish at $21.02 with 40,591 stock units crossing the market.
In the preference segment, Sygnus Credit Investments C10.5% declined $3.11 and ended at $101.39 after a transfer of 676 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.