Trading jumped on Friday, with a 41 percent rise in the volume of stocks changing hands and the value surging 62 percent compared to Thursday, on the Main Market of the Jamaica Stock Exchange, following trading in 58 securities compared with 61 on Thursday. Sagicor Group led trading with 38 percent of the day’s volume. The market closed with prices of 24 stocks rising, 17 declining and 17 ending unchanged, resulting in gains for the main market indices.
The market closed with trading of 10,710,751 shares with a value of $231,348,510, up from 7,609,641 stock units worth $142,459,801 on Thursday.
Trading averaged 184,668 shares at $3,988,767, well above 124,748 stock units worth $2,335,407 on Thursday and for the month to date, an average of 183,356 units at $2,414,797, in alignment with 183,215 shares at $2,246,054 on the prior day and below February, with an average of 296,521 stock units at $2,650,049.
Sagicor Group led trading with 4.01 million shares for 37.5 percent of total volume, followed by Transjamaican Highway, with 3.44 million units for 32.2 percent of the day’s trade and Sagicor Select Financial Fund ended with 653,821 stock units for 6.1 percent of the volume traded.
The All Jamaican Composite Index rallied 2,026.35 points to 404,804.79, the JSE Main Index advanced 1,532.21 points to finish at 344,907.90 and the JSE Financial Index rose 0.13 points to conclude trading at 63.36.
At the close, the Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and two with lower offers.
The Main Market ended trading with an average PE Ratio of 21. The JSE Main and the USD Market PE ratios are based on last traded prices and earnings that are forecasted by ICInsider.com for companies with the financial year ending around August 2026.
At the close of trading on Friday, AS Bryden sank $3.40 to end at $27.50 as investors exchanged 3,304 shares, Eppley dipped 51 cents to close at $35.48, 2,273 stock units crossing the market, First Rock Real Estate gained 49 cents to end trading 412 shares at $8.79. General Accident popped 49 cents to finish at $6.60 after an exchange of a mere 547 stocks, JMMB Group rallied 68 cents and ended at $17.54 with investors trading 38,393 units, Kingston Properties fell 91 cents to close at $9.89 after trading ended with an exchange of 10,344 stocks.
Kingston Wharves declined $1.45 to close at $35.50 after 6,608 units passed through the market, Pan Jamaica shed $1.44 and ended at $48.01, with 532 shares changing hands, Proven Investments rose 35 cents to end at $12.95 in an exchange of 1,649 stock units. Scotia Group advanced 40 cents to close at $50.95 with investors swapping 324,513 shares, Seprod dropped 74 cents to finish at $78 with a transfer of 4,369 stock units and West Indies Petroleum increased 49 cents to end at $11.40, with 40,086 units crossing the exchange.
In the preference segment, 138 Student Living preference share dropped $54.98 to close at $180 with trading of 1,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.