Surge in money passing through Main Market

The Jamaica Stock Exchange Main Market closed Monday with the volume of stocks traded falling moderately with a value 169 percent more than on Friday, from the trading in 59< securities up from 56 on Friday, with 21 rising, 21 declining and 17 unchanged.
A total of 10,369,191 shares were exchanged for $197,162,179 versus 10,856,108 units at $73,363,572 on Friday.
Trading averaged 175,749 shares at $3,341,732 versus 193,859 shares at $1,310,064 on Friday and month to date, an average of 225,080 units at $3,607,583 compared to 231,366 units at $3,641,549 on the previous trading day. February closed with an average of 183,599 units at $2,160,070.
Jamaica Broilers led trading with 3.48 million shares for 33.5 percent of total volume followed by Wigton Windfarm with 1.52 million units for 14.7 percent of the day’s trade, Sagicor Select Financial Fund with 1.45 million units for 14 percent market share and Transjamaican Highway with 1.21 million units for 11.7 percent market share.
The All Jamaican Composite Index fell 745.02 points to 372,176.69, the JSE Main Index declined 1,581.47 points to 328,859.80 and the JSE Financial Index shed 0.53 points to close at 77.30.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.5 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows 10 stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments popped 85 cents in closing at $78.90 after an exchange of 15,322 shares, Caribbean Cement advanced $1.16 after ending at $58.20 in transferring 3,332 stock units, First Rock Real Estate rose $1.08 to close at $12.08 in trading 430 units. GraceKennedy rallied $3 to end at $83 with the swapping of 104,745 stocks, Guardian Holdings declined $25.50 to $484 as investors traded 54 stock units, Kingston Wharves shed 95 cents in closing at $31.05 with an exchange of 1,846 shares. Mayberry Jamaican Equities gained 98 cents to end at $12.98 with a transfer of 2,500 stock units, NCB Financial rose $1 to close at $73 with investors transferring 21,654 stocks, Palace Amusement gained 61 cents to finish at $3.60 after 401,456 stock units were traded. Portland JSX advanced $1.47 to $11.28 with 10 units changing hands, Proven Investments fell $1.97 in closing at $26.59 in an exchange of 5,496 stocks, Salada Foods popped 46 cents to end at $3.99 with the swapping of 136 shares. Seprod rallied 65 cents to close at $63.30 with an exchange of 17,417 stock units, Stanley Motta lost 49 cents while ending at $4.80 with 13,794 stocks clearing the market, Wisynco Group shed 97 cents to end at $17.03 after an exchange of 51,065 units.
In the preference segment, Productive Business 10.50% preference share dipped $80 to close at $1,170 with 110 shares switching ownership of 409 units and Jamaica Public Service 7% climbed $21.45 in closing at a record $99.95 after trading 3,230 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.