Solid gains for JSE Main Market

The Jamaica Stock Exchange Main Market made solid gains in trading on Thursday, with the volume of shares trading rising 48 percent over Wednesday after funds flowing through the market fell modestly on a day when prices ended with nearly twice as many stocks falling as rising. 
The All Jamaican Composite Index surged 4,390.35 points to 453,858.73, the JSE Main Index jumped 3,266.12 points to end at 399,282.06. The JSE Financial Index popped 0.47 points to settle at 95.13.
On Wednesday, trading ended with 56 securities compared to 54, with 13 rising, 25 declining, and 18 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 15. The PE ratio for the JSE Main and USD Market closing quotes is based on ICInsider.com earnings forecasts for companies with financial years ending to the end of August 2023.
A total of 31,300,525 shares were traded for $141,657,125 versus 21,128,299 units at $143,846,313 on Wednesday. Transjamaican Highway led trading with 9.86 million shares for 31.5 percent of total volume as the stock traded at a record high of $1.78 but finished down at $1.74, for a closing record high. Wigton Windfarm ended  trading 6.96 million units for 22.2 percent of the day’s trade. Pulse Investments ended with 5.99 million units for 19.1 percent market share, while Sagicor Select Financial Fund traded 3.09 million units with 9.9 percent market share.
Trading for the day averaged 558,938 shares at $2,529,592, compared to 391,265 units at $2,663,821 on Wednesday and month to date, an average of 714,323 units at $6,007,688 down from 752,826 units at $6,869,517 on the previous trading day. March closed with an average of 610,787 units at $6,967,031.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of trading, Caribbean Cement declined 98 cents to $72.02 while exchanging 4,431 shares, Caribbean Producers rallied 88 cents to $18.78 after trading 417,301 stock units, Jamaica Broilers climbed $1.88 to $28.88, with 82,692 stocks clearing the market. Jamaica Stock Exchange rose $1.47 in closing at a 52 weeks’ high of $21.97 after trading 202,238 units, JMMB Group lost $1.20 to end at $49.50, with 159,692 stock units crossing the market, Kingston Properties fell 80 cents to $8.20 in trading 29,256 stocks. Mayberry Jamaican Equities dropped 73 cents to close at $9.20 with the swapping of 10,221 shares, MPC Caribbean Clean Energy shed $3.75 in closing at $98, with 750 units crossing the market, Palace Amusement shed $20 to end at $976 in switching ownership of three units. Sagicor Group fell 46 cents to $57 in an exchange of 13,595 stocks, Scotia Group lost $1.95 to close at $35.70 with an exchange of 41,510 stock units, Seprod dropped 90 cents in ending at $61.90 after 5,229 shares changed hands. Supreme Ventures declined $1 in closing at $25 after exchanging 452,575 units and Wisynco Group popped 68 cents to a 52 weeks’ closing high of $21.68, with 113,372 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.