Trading jumped sharply on the Jamaica Stock Exchange Main Market on Thursday, with the volume of stocks traded, jumping 169 percent to 37,670,421, from just 13,978,119 on Wednesday, with the value climbing 58 percent to $170,868,876, up from $108,261,883 previously, following trading in 60 securities down from 63 on Wednesday, with prices of 26 rising, 24 declining and 10 ending unchanged.
Trading ended with an average of 627,840 shares at $2,847,815 with an increase from 221,875 stock units worth $1,718,443 on Wednesday and month to date, an average of 269,426 units at $2,221,446, rising from 249,478 shares at $2,186,583 on the preceding day and April with an average of 342,509 stock units at $2,726,829.
Sagicor Select Financial Fund was the lead trade, with 12.71 million shares for 33.8 percent of total volume followed by Transjamaican Highway with 7.56 million stocks for 20.1 percent of the day’s trade, QWI Investments closed with 6.17 million stock units for 16.4 percent of the volume traded, with the price closing at a 52 weeks low of 63 cents, Wigton Energy chipped in with 4.59 million shares for 12.2 percent of the overall trade and JMMB Group with 1.15 million stocks for 3 percent of market share.
The All Jamaican Composite Index popped 1,426.30 points to 401,996.42, the JSE Main Index gained 1,435.15 points to close at 340,626.69 and the JSE Financial Index rallied 0.69 points to 64.53. At the close, the Investor’s Choice bid-offer indicator shows 11 stocks ending with bids higher than their last selling prices and three with lower offers.
The Main Market closed with an average PE Ratio of 15.7. ICInsider.com compiles the PE ratios for the JSE Main and the USD Market based on the last traded prices and projected earnings for the fiscal year ending around August 2026.
At the close of trading, Barita Investments sank $1.20 to $68.50 with 756 shares passing through the market, Eppley lost 75 cents to close at $34.60 with investors swapping 387 units, Eppley Caribbean Property Fund rallied 80 cents to $45.80 with 2,833 shares crossing the market. General Accident rose 86 cents in closing at $8.70 with investors dealing in 5,507 stock units, Jamaica Producers climbed $1.25 to finish at $24 with a transfer of 326,748 stocks, Jamaica Stock Exchange increased 43 cents and ended at $10.60 as investors exchanged 202,006 shares. JMMB Group shed 76 cents to $15 in switching ownership of 1,145,248 units, Massy Holdings fell 40 cents in closing at $72 after a transfer of 2,948 stocks, Pan Jamaica slipped 98 cents to end at $47 with investors trading 213,509 stock units.
Proven Investments popped 82 cents to $12 after an exchange of 338,821 shares, Sagicor Group sank $2 to close at $39 with investors trading 145,615 stock units, Sterling Investments rallied 41 cents to finish at $3.50 in an exchange of 500,000 stocks and Sygnus Real Estate Finance advanced $1 and ended at $10 with investors dealing in 541 units.
In the preference share segment of the market, Jamaica Public Service 7% shed $11.07 to a 52 weeks low of $29.53 with 142 shares crossing the exchange, 138 Student Living preference share popped $8 to finish at $220 with 11,029 stock units changing hands and Sygnus Credit Investments C10.5% gained $1 in closing at $107 trading 301 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.