Solid gains for JSE Main Market


The market indices of the Jamaica Stock Exchange Main Market enjoyed a big bounce on Tuesday, with the JSE Main Index jumping a solid 6,842.80 points, with the volume of stocks traded increasing 56 percent with a 20 percent rise in value compared to Monday, following trading in 61 securities compared with 62 on Monday, with prices of 23 rising, 25 declining and 13 ending unchanged.

The market closed with trading of 19,036,666 shares with the value at $284,857,279, up from 12,183,080 stocks at $237,605,239 on Monday.
Trading averaged 312,076 shares at $4,669,791 compared to 196,501 stocks at $3,832,343 on Monday. Trading for the month to date ended at an average of 288,473 units at $3,015,762 compared with 287,244 shares at $2,929,600 on the prior day, with an average of 895,289 stocks at $10,824,938 in August.
Transjamaican Highway led trading with 4.13 million shares for 21.7 percent of total volume followed by Sagicor Select Financial Fund which ended with 3.49 million stocks for 18.3 percent of the day’s trade, Radio Jamaica closed with 2.0 million stocks for 10.5 percent of the volume traded, Wigton Energy with 1.94 million units for 10.2 percent of the volume traded and Barita Investments with 1.32 million units for 6.9 percent of market trade.
The All Jamaican Composite Index rallied 7,035.81 points to settle at 450,658.36, the JSE Main Index advanced 6,842.80 points to conclude trading at 378,537.42 and the JSE Financial Index rose 2.28 points to end at 73.60. At the close, the Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and three with lower offers.
The Main Market ended trading with an average PE Ratio of 15.9. ICInsider.com compiles the JSE Main Market PE ratios that are derived by dividing the last traded stock price by earnings per share for companies with the fiscal year ending around August 2027.
At the close, Barita Investments rallied $10.99 to finish at $84.99 with 1,321,951 units being traded, GraceKennedy popped $1 and ended at a 52 weeks high of $82 with 40,534 units clearing the market, Guardian Holdings skidded $5 to $355 with investors trading 9,387 shares. Jamaica Producers lost 96 cents to close at $18.02, with 153,883 stock units crossing the exchange, JMMB Group dropped 43 cents to end at $20 with investors trading 189,510 shares, Lasco Manufacturing fell 40 cents in closing at $7.10 after a transfer of 80,906 units. Massy Holdings gained $5.05 to $79.05 with 59 stocks changing hands, MPC Caribbean Clean Energy slipped $3 and ended at $18, with 55,916 shares changing hands, NCB Financial rose 50 cents to close at $67.50 with investors swapping 239,746 shares. Proven Investments declined 98 cents and ended at $9.02 after an exchange of 358,750 units, Quantas Advantage climbed 49 cents to $24.99 in trading 96,330 stocks, QWI Investments climbed 11 cents to close at a 52 weeks high of 87 cents, after trading of 747,061 shares, Sagicor Real Estate Fund rallied $1.48 to $9.78, with 102 stocks crossing the market. Scotia Group advanced $8.25 to a 52 weeks high of $67.50, with swapping of 890,332 shares and Sygnus Real Estate Finance rose $1.13 in closing at $8.63 after 35 stocks passed through the market.
In the preference segment, Jamaica Public Service 9.5% shed $40 to finish at $2160 with an exchange of 2 units. 138 Student Living preference share gained $1 and ended at $230, with an exchange of a mere 1 stock unit and Productive Business Solutions 10.5% popped $250 to end at $1,250, with investors dealing in 4 shares.
Prices of securities trading are those for the last transaction

About IC Insider.com