Sharp jump in funds in JSE Main Market

Market activity ended on Monday, with the volume of stocks traded declining 69 percent and the valuing surging 185 percent over trading Friday at the close of the Jamaica Stock Exchange Main Market and ended with rising stocks just edged out by those declining.
The All Jamaican Composite Index dipped 44.74 points to 440,164.82, the JSE Main Index fell 1,246.97 points to 385,283.93 and the JSE Financial Index lost 0.22 points to settle at 91.53.
Trading ended with 59 securities up from 56 on Friday, with 24 rising, 25 declining and 10 ending unchanged.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.5 for the Main Market. 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, 10,717,973 shares were exchanged for $468,094,270 versus 34,028,346 units at $164,480,692 on Friday. Trading averages 181,661 units at $7,933,801, compared to 607,649 shares at $2,937,155 on Friday and month to date, an average of 274,067 units at $3,499,615, compared to 286,629 units at $2,896,811 on the previous trading day. May closed with an average of 238,645 units at $3,561,016.
Productive Business Solutions 9.75% preference share led trading with 3.63 million shares for 33.9 percent of total volume followed by Transjamaican Highway ended with 1.80 million units for 16.8 percent of the day’s trade and QWI Investments with 1.07 million units for 9.9 percent market share.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments declined $1.41 to end at $86.99, with 213,628 shares crossing the exchange, Berger Paints rallied $1 to close at $12 with an exchange of 11,736 stock units, Caribbean Cement shed $1.30 to $68.70 with the swapping of 25,573 stocks. Eppley jumped $7.90 in closing at $46 after trading two units, First Rock Capital gained $1.07 in ending at $13.07 and finishing trading with 6,954 units, Guardian Holdings fell $25 to close at $512 in switching ownership of 34 stocks. Jamaica Broilers dropped $1.49 in closing at $26 trading 73,934 stock units, Jamaica Producers lost 95 cents to end at $21.27 in an exchange of 1,736 shares, Jamaica Stock Exchange fell $1.60 to $18.35, with 4,545 stocks crossing the market. JMMB Group popped $1 in ending at $43 after an exchange of 149,358 stock units, Kingston Properties shed 40 cents to close at $7.51 while trading 15,395 shares, Massy Holdings advanced $1.50 to $94 after 47,901 units changed hands. Mayberry Investments climbed $1.50 to $10.50 with 532,238 stock units clearing the market, Mayberry Jamaican Equities declined 29 cents to $14.70, with 35,083 units crossing the market, MPC Caribbean Clean Energy lost $12.94 in closing at $95.01 after exchanging 10,624 shares. 138 Student Living dropped 43 cents in closing at $4.76, with 3,271 stocks changing hands, Palace Amusement dropped $78 to $910 in an exchange of 19 units, PanJam Investment rose 50 cents to $66 in exchanging 22 shares. Pulse Investments declined 59 cents to close at a 52 weeks’ low of $3.01 with 621,901 stocks changing hands, Sagicor Group rallied 90 cents to end at $56.90 in an exchange of 5,878 stock units, Scotia Group advanced $1.46 to close at $37.50 after exchanging 18,617 units. Stanley Motta climbed 40 cents in closing at $5.50 with the swapping of 3,590 shares and Supreme Ventures shed $1 to end at $29, with 113,240 stock units changing hands.
In the preference segment, Eppley 7.50% preference share lost $1.23 to end at $6, with 10,000 stocks crossing the market, 138 Student Living preference share fell 25 cents to $20.63 with 5 stock units changing hands and Productive Business Solutions 9.75% preference share gained $1.25 to $108.25 with 3,628,039 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.