Solid gains for JSE Main Market

The Jamaica Stock Exchange Main Market ended with gains in the major market indices rising on Thursday, following a solid 167 percent rise in the volume of stocks traded with a 65 percent jump in value over trading on Wednesday, with trading in 57 securities compared with 51 on Wednesday, and ended with the prices of 19 rising, 27 declining, and 11 ending unchanged.
A total of 16,120,424 shares were traded for $137,525,796 compared to 6,033,114 units at $83,588,030 on Wednesday.
Trading averaged 282,814 shares at $2,412,733 compared with 118,296 stocks at $1,638,981 on Wednesday and month to date, an average of 293,471 units at $2,163,573 compared with 294,080 units at $2,149,357 on the previous day. Trading in June averaged 366,795 units at $6,952,581, including trading in bonds.
Stanley Motta led trading with 5.44 million shares for 33.8 percent of total volume, followed by Sygnus Real Estate Finance with 3.02 million units for 18.7 percent of the day’s trade, JMMB Group 7.35% – 2028 ended with 1.82 million units for 11.3 percent market share, Transjamaican Highway chipped in with 1.48 million units for 9.2 percent of the market trades and Wigton Windfarm with 1.15 million units for 7.1 percent of total volume.
The All Jamaican Composite Index popped 2,392.06 points to 365,690.74, the JSE Main Index gained 2,674.68 points to close at 328,877.60 and the JSE Financial Index rose 0.19 points to settle at 72.14.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.1 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasts by ICInsider.com for financial years 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, Berger Paints declined 37 cents in closing at $7.60 with a transfer of 121 shares, Caribbean Producers shed 60 cents to close at $10.40 with shareholders swapping 16,046 stocks, First Rock Real Estate lost 58 cents to end at $9.50 with an exchange of 101 stock units, Guardian Holdings dropped $2 to $438. with investors trading 22 units. Jamaica Broilers gained 45 cents in ending at $34.75 after a transfer of 695 shares, Jamaica Producers dipped $1.41 to $19.08 in an exchange of 261,531 stock units, Kingston Properties fell 72 cents to close at $6.77 with stakeholders exchanging 5,150 units, Margaritaville rose 80 cents to $14.80 after an exchange of 3,944 stocks, Massy Holdings popped $2.45 and ended at $101 with 15 units clearing the market, Mayberry Investments climbed 78 cents to $8.80 after exchanging 67 shares, Palace Amusement shed 40 cents ended at $2.05 and closed with an exchange of 15,238 stocks, Proven Investments increased 70 cents to end at $23.25 as investors exchanged 106 stock units. Sagicor Group lost $1 to close at a 52 weeks’ low of $44 with investors transferring 283,656 stocks, Seprod dipped $2.50 to close at $71 with investors trading 974 units and Supreme Ventures advanced 60 cents in closing at $29.10, as 100,722 stock units passed through the market.
In the preference segment, Productive Business 10.50% preference share rallied $150 and ended at $1,250 while exchanging 900 shares, Jamaica Public Service 9.5% increased $97 to $2,900 in an exchange of one unit 138 Student Living preference share fell $9.24 in closing at $78, with 192 shares crossing the exchange, Productive Business Solutions 9.75% preference share gained $1.50 to end at $101.50 in switching ownership of 26 stock units and Transjamaican Highway 8% dropped 62 cents to close at $2.40, with 44,429 stocks changing hands.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.