Solid gains for JSE Main Market

Trading on the Jamaica Stock Exchange Main Market ended on Thursday, with price movements equally split with 17 stocks between those rising, declining and ending unchanged after a 28 percent plunge in the volume of stocks traded with 9 percent greater value than Wednesday, with trading in 51 securities compared with 52 on Wednesday.
The market closed with an exchange of 20,842,200 shares at $90,178,686 compared with 29,083,191 units at $83,058,622 on Wednesday.
Trading averaged 408,671 shares at $1,768,210 compared with 559,292 units at $1,597,281 on Wednesday and trading  month to date, averages 249,142 stock units for $1,555,971, compared with 240,532 stocks at $1,544,517 on the previous day and December ending with an average of 264,266 units at $3,755,946.
Transjamaican Highway led trading with 15.64 million shares and closed at a record high of $3.16, with 75 percent of total volume followed by Wigton Windfarm with 2.64 million units for 12.6 percent of the day’s trade and Stanley Motta with 901,971 units for 4.3 percent market share.
The All Jamaican Composite Index rallied 1,622.28 points to conclude trading at 359,057.05, the JSE Main Index climbed 1,118.96 points to conclude trading at 321,725.63 and the JSE Financial Index advanced 0.40 points to wrap up trading at 69.24.
The Main Market ended trading with an average PE Ratio of 13.8. 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 around August 2024.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, AS Bryden rallied $2.49 to close at $42.99, with 1,579 stock units crossing the market, Berger Paints popped 33 cents to $5.55 in an exchange of 2,040 shares, Caribbean Cement advanced $1.74 to end at $53, with 185 stocks crossing the market. First Rock Real Estate rose 49 cents in closing at $8.49 with a transfer of 5 units, General Accident gained 60 cents and ended at $5.35 after an exchange of 20,282 shares, Jamaica Producers fell 77 cents to $22.81 with investors swapping 32 stock units. Kingston Wharves increased 50 cents to end at $27 after a transfer of 2,483 units, Mayberry Group climbed $1.16 in closing at $7.67 with investors trading 6,624 stocks, Pan Jamaica skidded $3.89 and ended at $46.10 after exchanging 41 units. Proven Investments rose 45 cents to close at $21.95 with investors dealing in 4,011 stocks, Sagicor Group sank $1.40 to $42, with 50 shares changing hands, Scotia Group advanced $1.46 and ended at $41.46, with an exchange of 40,442 stock units. Seprod declined $3.30 in closing at $83.50 in trading 265,879 shares and Wisynco Group popped 45 cents to end at $20.98 as 21,488 stocks passed through the market.
In the preference segment, Eppley 7.25% preference share rallied $2.84 to close at $18.90 as investors exchanged 1,000 units, Jamaica Public Service 7% lost $4.99 to $45 and closed with an exchange of 550 stock units and Sygnus Credit Investments C10.5% shares dropped $9.99 to close at $105 while exchanging 1,081 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.