Surge in trading for JSE Main Market

Trading surged at the close of market activity on Thursday, with the volume of shares trading rising 1,202 percent and the value jumping 2,297 percent higher than Wednesday on the Jamaica Stock Exchange Main Market, even as rising stocks was half as much as those declining.
At the close, the All Jamaican Composite Index jumped 2,495.30 points to end at 442,459.90, the JSE Main Index rose 2,173.27 points to 399,275.50 and the JSE Financial Index added 1.19 points to settle at 99.08. Trading ended with 51 securities, down from 55 on Wednesday, with 14 rising, 29 declining and eight left unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.1. The PE ratio for the JSE Main and USD Market quotes are based on earnings forecasts by ICInsider.com for companies with financial years ending between the current year and August 2022.
A total of 85,891,988 shares traded for $2,099,498,233, up from 6,598,285 units at $87,589,534 on Wednesday. Carreras led trading with 62.33 million shares for 72.6 percent of total volume, followed by GraceKennedy with 10.01 million units for 11.7 percent of the day’s trade and NCB Financial with 3.93 million units for 4.6 percent market share. Wigton Windfarm ended with 2.53 million units for 2.9 percent market share, Pulse Investments traded 1.89 million units for 2.2 percent market share and Transjamaican Highway 1.19 million units for 1.4 percent of the volume.
Trading ended with an average of 1,684,157 units at $41,166,632, up from 119,969 shares at $1,592,537 on Wednesday and month to date, an average of 455,849 units at $6,006,477, compared to 393,455 units at $4,220,453 on Wednesday. November closed with an average of 233,949 units at $2,695,416.
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 climbed $1.50 to $97 while exchanging 106,233 shares, Caribbean Cement dropped $2.24 to end at $70.60 in switching ownership of 544,472 units, Caribbean Producers rose 45 cents to $13.45 in exchanging 35,136 stock units. Eppley Caribbean Property Fund fell 50 cents to close at $43, with 13,768 stocks crossing the market, First Rock Capital shed 40 cents to $11 in an exchange of 40,100 units, Guardian Holdings declined $2 to $513 after exchanging 18,386 shares. Jamaica Producers lost $1.25 to close at $22.05 with the swapping of 1,826 stock units, JMMB Group declined $1 to end at $38, with 38,027 stocks clearing the market, Kingston Properties gained 74 cents in ending at $9.49 after trading 100 stocks. NCB Financial fell $1.02 in closing at $125.98, with 3,926,391 shares changing hands, Palace Amusement climbed $5 to $1050 after trading 97 units, Radio Jamaica lost 35 cents to end at $2.90 in an exchange of 325,031 stock units. Sagicor Group rallied $3 to end at $56 closed trading 54,009 units, Sagicor Real Estate Fund shed 49 cents to close at $8, with 6,743 stocks crossing the market, Scotia Group dropped 28 cents to $37.61 trading 104,335 shares. Sygnus Credit Investments popped 25 cents to $14.90 with an exchange of 1,043,947 stock units and Sygnus Real Estate Finance shed 59 cents to close at $15.41 after exchanging 2,765 shares.
In the preference segment, Eppley 7.50% preference shares lost $1.38 to end at $6, with 10,320 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.