Solid bounce for JSE majors

Trading activity picked up on the Jamaica Stock Exchange Main Market on Tuesday but remained continues at muted levels, with a 166 percent rise in the volume of stocks traded value just 19 percent more than on Monday, from trading in 61 securities up from 57 on Monday with 34 rising, 14 declining and 13 unchanged.
A total of 15,655,244 shares were exchanged for $89,795,027 up from 5,884,158 units at $75,612,128 on Monday.
Trading averaged 256,643 units at $1,472,050 compared with 103,231 shares at $1,326,529 on Monday and month to date, an average of 183,599 units at $2,160,070 versus 179,166 units at $2,201,832 on the previous day. January closed with an average of 205,236 units at $1,805,558.
Wigton Windfarm led trading with 3.93 million shares for 25.1 percent of total volume followed by Transjamaican Highway with 3.0 million units for 19.1 percent of the day’s trade, Sagicor Select Manufacturing & Distribution Fund with 1.25 million units for 8 percent, QWI Investments with 1.22 million units for 7.8 percent, JMMB Group 7.25% preference share due 2024 with 1.16 million units for 7.4 percent and Sagicor Select Financial Fund with 1.08 million units for 6.9 percent market share.
The All Jamaican Composite Index surged 6,007.28 points to end at 378,694.45, the JSE Main Market Index rose 3,927.57 points to 334,642.23 and the JSE Financial Index rose 0.66 points to close at 78.91.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.2 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows 20 stocks ending with bids higher than their last selling prices and 2 with lower offers.
At the close, Barita Investments advanced $1 to close at $82 in switching ownership of 27,419 shares, Berger Paints dipped 54 cents to $8.95 with 92,706 stock units changing hands, Caribbean Cement rose $1 to $62 with investors transferring 25,454 units. Caribbean Producers rallied $1.05 to end at $10.49 after exchanging 174,352 stocks, Eppley Caribbean Property Fund declined $5 to $41 trading 1,385 units, First Rock Real Estate gained 65 cents in closing at $12.30 as investors exchanged 2,452 shares. GraceKennedy advanced $1.30 to $78.50 in trading 75,517 stock units, Guardian Holdings dropped $9.99 to end at $510 as investors swapped 961 stocks, Jamaica Broilers rose $1.50 to close at $36.50 after 143,453 stock units cleared the market. Jamaica Producers popped 44 cents to $22.72 with a transfer of 42,840 stocks, Jamaica Stock Exchange gained 40 cents to close at $14.70 in an exchange of 18,632 shares, JMMB Group lost 49 cents to finish at $30.51 with the swapping of 100,248 units. Kingston Properties gained 85 cents in ending at $7.60 after an exchange of 429,151 stocks, Kingston Wharves rose $3 to settle at $35 after 86,523 stock units passed through the market, Margaritaville shed $2.90 in closing at $16.44 with 3 shares changing hands. MPC Caribbean Clean Energy advanced $14.89 to close at $83.90 in switching ownership of 379 units, NCB Financial declined $4.34 in closing at $72.61 with a transfer of 24,631 stocks, Palace Amusement rallied $1.80 ending at a record high of $7.75, after 51,341 units crossed the exchange. Portland JSX gained 55 cents to end at $11.45 after a transfer of 43,210 stock units, Sagicor Group popped $2.49 to $53.99 in clearing the market with 329,264 shares, Scotia Group rose 51 cents to $34.51 with the swapping of 78,951 units. Seprod advanced $1.25 to end at $63.25 after trading 33,205 stocks, Stanley Motta gained 60 cents to close at $5.64 in an exchange of 78,400 stock units, Supreme Ventures rose $1.38 in closing at $26.39 after trading 70,835 shares and Sygnus Credit Investments USD share advanced $2.09 ending at $22.99 after exchanging 85 stocks.In the preference segment, Jamaica Public Service 7% climbed $5.57 to close at a record high of $22.83 in transferring 1 stock unit and 138 Student Living preference share rallied $8.65 to end at $74.10 as investors exchanged 120 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.