Rising stocks pushed the Main Market of Jamaica Stock Exchange sharply higher at the close on Monday, with the All Jamaican Composite Index surging 6,573.73 points to 355,796.22, the JSE Main Index jumped 4,806.02 points to 318,082.47 and the JSE Financial Index rose 1.44 points to 67.28, following a 25 percent drop in the volume of stocks traded after an 18 percent decline in value compared to Friday.
Trading ended with an exchange of 60 securities up from 58 on Friday, with prices of 24 stocks rising, 21 declining and 15 ending unchanged.
The market closed with 13,700,341 shares trading for $172,344,664 from 18,284,634 units at $210,425,299 on Friday.
Trading averaged 228,339 shares at $2,872,411 compared with 315,252 units at $3,628,022 on Friday and month to date, an average of 236,916 units at $1,855,942 versus 237,508 units at $1,785,841 on the previous day and May that closed with an average of 336,947 units at $2,177,110.
Sagicor Select Financial Fund led trading with 3.75 million shares for 27.4 percent of total volume followed by Wigton Windfarm with 1.94 million units for 14.2 percent of the day’s trade, NCB Financial ended with 1.52 million units for 11.1 percent of market share, Carreras followed with 1.24 million units for 9.1 percent trading and Transjamaican Highway with 1.23 million units for 9 percent of total volume.
The Main Market ended trading with an average PE Ratio of 14.3. 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 2025.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments skidded 71 cents to $71 with traders dealing in 6,001 stock units, Berger Paints jumped $1.28 to $9.28 after trading 1,604 shares, Eppley Caribbean Property Fund rose $5 to close at $42 with investors trading 352 units. First Rock Real Estate climbed 50 cents to $10 after 260,735 stocks were traded, Jamaica Producers rallied $2.50 to finish at $24 with an exchange of 203,434 shares, Jamaica Stock Exchange popped $1 and ended at $ 11 with 538,235 units crossing the market. JMMB Group advanced $3.05 to $25.30 with investors dealing in 615,810 stocks, Kingston Wharves rallied 50 cents and ended at $25.50 after an exchange of 502,908 stock units, Mayberry Group increased 92 cents to finish at $7.98 with investors trading 811 shares. MPC Caribbean Clean Energy lost $16.94 in closing at $83.06 with 5,147 stock units crossing the market,
NCB Financial shed $1.80 to close at a 52 weeks’ low of $55 as investors exchanged 1,516,844 units, with the price coming close to a level of support, but a price as low as $50 may not be out of place, with a PE ratio of 7 times this year’s earnings. Pan Jamaica popped $1 to end at $51, with 79,068 stocks changing hands, Proven Investments fell 50 cents in closing at $19.50 in trading 3,950 shares, Sagicor Real Estate Fund dipped 53 cents to $7.50 after a transfer of 50 units. Seprod rallied $1.50 and ended at $80 with 113,419 stocks clearing the market, Stanley Motta rose 60 cents to finish at $6.50 after an exchange of 5 stock units and Sterling Investments climbed 45 cents to close at $2.40 and closed with 4,125 shares being traded.
In the preference segment, Eppley 7.75% preference share sank $1.42 to end at $18.57 with a transfer of 648 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
