Solid big cap stocks rally lifts JSE Main Market

Scotia Group closed with a $4 rebounded on Monday followed by a $3.94 jump in Pan Jamaica as Caribbean Cement rallied $2.35 and Jamaica Producers rose a solid $2.29 on the Jamaica Stock Exchange Main Market accompanied by a 52 percent rise in the volume of stocks traded and a 22 percent lower value than on Friday, after 55 securities changed hands up from 52 on Friday, with prices of 17 rising, 23 declining and 15 unchanged.
A total of 8,294,756 shares were traded for $80,258,458 versus 5,471,926 units at $103,330,084 on Friday.
Trading averaged 150,814 shares for $1,459,245 compared to 105,229 shares at $1,987,117 on Friday and month to date, an average of 199,546 units at $1,633,800 compared with 204,013 units at $1,649,801 on the previous trading day. August closed with an average of 316,608 units at $1,867,646.
Radio Jamaica led trading with 2.67 million shares for 32.1 percent of total volume followed by JMMB Group 7.35% – 2028 with 1.05 million units for 12.7 percent of the day’s trade and Wigton Windfarm with 909,670 units for 11 percent market share.
The All Jamaican Composite Index popped 1,789.14 points to  348,217.12, the JSE Main Index increased 1,229.06 points to close at 315,576.14 and the JSE Financial Index rose 0.48 points to 70.22.
The Main Market closed with an average PE Ratio of 12.7. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
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 rose 66 cents to $78.96 in an exchange of 177,976 shares, Caribbean Cement increased $2.35 to $49.85 after 582,105 stocks passed through the market, Caribbean Producers climbed 20 cents to end at $10.05, with 104,650 stock units crossing the exchange, GraceKennedy rallied 50 cents in closing at $72.45 in an exchange of 103,290 units, Guardian Holdings lost $2 to close at $430, with 278 stocks crossing the market, Jamaica Broilers gained $1.13 to end at $32.98 with an exchange of 14,235 stock units, Jamaica Producers advanced $2.29 to close at $21 after a transfer of 21,540 units, Jamaica Stock Exchange dropped 36 cents in closing at $9.62 as investors exchanged 26,490 shares, JMMB Group shed 60 cents and ended at $27.50 after exchanging 24,853 units, Kingston Wharves popped $1.47 to close at $27.99 in switching ownership of 3,552 stocks, MPC Caribbean Clean Energy skidded $11.50 and ended at $70 after an exchange of 494 stock units, NCB Financial popped 51 cents to close at $67.51 with investors dealing in 27,212 shares, 138 Student Living dipped 20 cents to end at $4.11 with traders dealing in 837 units, Pan Jamaica advanced $3.94 to close at $45.95 with a transfer of 2,043 stocks, Sagicor Group rose 78 cents to $44.90 in an exchange of 13,599 shares, Scotia Group increased $4 in closing at $34, with 8,903 stock units clearing the market, Seprod gained $1.50 to $67.50 after investors traded 1,289 units and Stanley Motta declined 53 cents to end at $4.81 after closing with an exchange of 34,754 stocks.
In the preference segment, Eppley 7.25% preference share fell $1.40 and ended at $18.65 with investors transferring 2 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.