Stocks rose Friday to close out June

Stocks rose at the close of trading activity on the Jamaica Stock Exchange Main Market ended on Friday, with the volume of stocks traded rising 14 percent and the value 20 percent more than on Thursday, after trading took place in 55 securities trading compared with 53 on Thursday, with 24 rising, 19 declining and 12 ending unchanged as the All Jamaican Composite Index added a few points for June but the JSE Main Index suffered 4,500 points loss.
A total of 25,472,457 shares were traded for $247,227,632 compared to 22,306,090 units at $206,410,617 on Thursday.
Trading averaged 463,136 shares at $4,495,048 compared with 420,870 shares at $3,894,540 on Thursday and month to date, an average of 366,795 units at $5,403,360 versus 362,312 units at $5,445,625 on the previous day. Trading in May closed with an average of 226,361 units at $1,362,447.
Wigton Windfarm led trading with 9.11 million shares for 35.8 percent of total volume followed by Supreme Ventures with 4.42 million units for 17.3 percent of the day’s trade, Radio Jamaica chipped in with 4.08 million units for 16 percent market share and Transjamaican Highway with 2.25 million units for 8.8 percent of total volume.
The All Jamaican Composite Index jumped 2,559.69 points to 370,573.93, the JSE Main Index climbed 1,645.95 points to settle at 332,034.93 and the JSE Financial Index popped 0.03 points to close at 72.95.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.7 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 companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows 10 stocks ended with bids higher than their last selling prices and 11 with lower offers.
At the close, Caribbean Cement fell $2.18 to $58 with shareholders swapping 32,347 shares, Eppley dropped 60 cents in closing at $35.90 in switching ownership of 583 units, First Rock Real Estate popped 61 cents to close at $10.26 while investors were exchanging 305 stocks, GraceKennedy rose $1 to end at $79 after 5,286 stock units changed hands, Jamaica Broilers lost $2.69 and ended at $35 as 286,206 units passed through the market, Jamaica Producers declined 30 cents and closed at $20.20, with trading in 20,000 shares, JMMB Group climbed $3.05 to $33 in an exchange of 270,782 stock units, Margaritaville rallied $3.45 to $18.05 in an exchange of 139 stocks, Pan Jamaica gained $4.77 to close at $53.89 after a transfer of 28,566 stocks, Proven Investments increased 80 cents to end at $25.80 with an exchange of 54,507 shares, Sagicor Group shed $1.50 in closing at $49 with 360,766 units clearing the market, Scotia Group dipped 74 cents to $34, with stakeholders exchanging 96,185 stock units, Seprod advanced $1.90 to $77 as investors exchanged 62,597 stocks, Supreme Ventures jumped $3.50 to end at $31 after 4,418,487 stock units crossed the exchange.
In the preference segment, Eppley 7.50% preference share gained 47 cents to close at $7.17 in trading 269 shares, Jamaica Public Service 7% advanced $9.50 to close at $67 with investors transferring 6 units and 138 Student Living preference share rallied $10.20 ended at $85 with trading in 1,072 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.