Santa rally for JSE Main Market on Tuesday

Market activity ended on Tuesday, with the volume of shares trading declining 71 percent less and the value plunged 68 percent lower than Friday on the Jamaica Stock Exchange Main Market as rising stocks exceeded those declining and sent the market indices substantially higher by the close.
The All Jamaican Composite Index jumped 3,803.79 points to 431,871.33, the JSE Main Index spiked 3,178.62 points to close at 390,131.58 and the JSE Financial Index rose 0.12 points to settle at 95.60.
Trading ended with 54 securities up from 51 on Friday, with 25 rising, 21 declining and eight closed unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.2. The PE ratios in the JSE Main and USD Market closing quotes are based on earnings forecasts by ICInsider.com for companies with financial years ending between the current year and August 2022.
Just 4,038,953 shares traded for $65,415,335 down from 13,887,175 units at $205,378,180 on Friday. Transjamaican Highway led trading with 654,165 shares for 16.2 percent of total volume followed by Pulse Investments with 552,036 units for 13.7 percent of the day’s trade and Wigton Windfarm 452,476 units with 11.2 percent market share.
Trading averages 74,795 units at $1,211,395, down from 272,298 shares at $4,027,023 on Friday and month to date, an average of 409,305 units at $4,372,756, compared to 429,488 units at $4,563,497 on Friday. Trading in November averaged 233,949 units at $2,695,416.
Investor’s Choice bid-offer indicator shows 14 stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments climbed $2.46 to $92.48 after exchanging 86,288 stock units, Berger Paints dipped $1.20 to $12.50 in an exchange of 9,154 units. Caribbean Cement fell 99 cents to $71.01 in trading 19,492 stocks, Caribbean Producers popped $1.51 to end at $13.49 after 155,338 units changed hands, Eppley gained $1.77 to end at $36, with 155 shares clearing the market. Guardian Holdings rallied 50 cents to $510 after trading 1,599 stock units, Jamaica Producers dropped $1.52 to $21.93 in exchanging 272,747 stocks, Jamaica Stock Exchange dropped 50 cents to close at $17 with the swapping of 20,976 stocks. JMMB Group lost 26 cents in closing at $38.19 while exchanging 54,023 units, Mayberry Investments rallied 86 cents to $8.86 after 110,577 stock units passed through the exchange, Mayberry Jamaican Equities shed 49 cents to $9 in switching ownership of 8,218 shares. NCB Financial spiked $2.50 to close at $124, with 217,511 units crossing the market, 138 Student Living declined 40 cents to close at $3.84, with 101 shares changing hands, Pulse Investments increased 28 cents to end at $4.88 trading 552,036 stocks, Sagicor Group rose $1.90 in closing at $54.90, with 49,413 stock units crossing the market. Sagicor Real Estate Fund climbed 50 cents to close at $8.50 with an exchange of 20,250 shares, Scotia Group dropped $1.75 to $35.75 trading 116,304 shares, Seprod declined $1.70 to $62.30, with 8,951 stocks clearing the market. Sygnus Credit Investments fell 40 cents to $14.50 after an exchange of 24,904 stock units, Sygnus Real Estate Finance rallied 79 cents in closing at $16 with 3,548 units changing hands and Wisynco Group fell 25 cents to $16.65 in exchanging 13,797 stock units.
In the preference segment, JMMB Group 7.25% popped 41 cents to $3.17 in an exchange of 200 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.