Heavy trading activity in shares of NCB Financial pushed the stock up $5.50 to $72.50 was the main driver that helped push the Jamaica Stock Exchange Main Market higher on Thursday, with the volume of stocks traded rising 18 percent and the value 138 percent higher than on Wednesday.
Trading took place in 52 securities up from 54 on Wednesday, with prices of 17 rising, 27 declining and eight ending unchanged after trading of 12,158,165 shares for $187,080,964 compared with 10,337,992 units at $78,663,373 on Wednesday.
Trading averaged 233,811 shares at $3,597,711 versus 191,444 shares at $1,456,729 on Wednesday and month to date, an average of 308,619 units at $2,128,260, compared with 313,992 stocks at $2,022,720 on the previous day. June averaged 366,795 shares at $6,952,581, including bond trades.
Transjamaican Highway led trading with 4.04 million shares for 33.3 percent of total volume, followed by Wigton Windfarm with 2.69 million units for 22.1 percent of the day’s trade, NCB Financial with 1.80 million units for 14.8 percent market share and Sagicor Select Financial Fund with 1.47 million units for 12.1 percent of total volume.
The All Jamaican Composite Index advanced 1,736.10 points to finish at 362,426.38, the JSE Main Index rose 3,614.85 points to finish at 326,961.01, and the JSE Financial Index advanced 1.75 points to end at 72.85.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.1 for the Main Market. The JSE Main and USD Market PE ratios are calculated 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 16 stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments shed 99 cents to end at $74.50 with an exchange of 604 shares, GraceKennedy advanced 35 cents to end at $77.75 with shareholders swapping 47,582 stock units, Guardian Holdings rose $60 to close at $451 and closed, with just 21 stocks being traded, Jamaica Broilers dipped 47 cents in closing at $34.53, with 40,157 units crossing the market. Jamaica Producers climbed 45 cents to $20 in trading 600 stocks, Jamaica Stock Exchange rallied 55 cents to $11.43 with a transfer of 19,977 shares, JMMB Group popped $1.20 to end at $29.20 as investors exchanged 20,850 units, Kingston Properties declined 41 cents to close at $6.72 with stakeholders trading 4,805 stock units. Kingston Wharves gained 39 cents in closing at $29.49 after an exchange of 362 stock units,
Massy Holdings jumped $1.90 and ended at $99 in switching ownership of 72,982 shares, Mayberry Jamaican Equities lost 50 cents to end at $11.50 after 108,036 stocks passed through the market, NCB Financialclimbed $5.50 to end at $72.50 after 1,796,678 units changed hands. 138 Student Living dropped 35 cents to close at $4 after a transfer of 2,434 shares, Pan Jamaica rose 85 cents and ended at $50.35 with 31 stock units crossing the exchange, Proven Investments climbed 30 cents in closing at $22 with an exchange of 2,820 units, Sagicor Group fell $1.45 to end at $46 while trading 320,395 stocks. Scotia Group fell $1.15 in closing at $33.05 after exchanging 136,175 shares, Seprod rallied $1.95 and ended at $72, with 2,306 stock units changing hands, Sygnus Credit Investments popped 93 cents to close at $12 after trading 30,536 shares.
Sygnus Real Estate Finance dipped $1 to $11, with 18,379 units clearing the market, Victoria Mutual Investments dropped 38 cents to $3 after trading 281,720 stocks and Wisynco Group shed 30 cents in closing at $17.70 with investors transferring 48,437 shares.
In the preference segment, Eppley 7.50% preference share declined 79 cents and ended at a 52 weeks’ low of $5.21 in an exchange of 6,637 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
NCB Financial lifts JSE Main Market
Trading climbs on JSE Main Market
Trading activity picked up moderately on the Jamaica Stock Exchange Main Market on Wednesday, with the volume of stocks traded rising 35 percent and the value 19 percent more than on Tuesday and ended with an exchange of 54 securities compared with 56 on Tuesday, with 16 rising, 24 declining and 14 ending unchanged.
A total of 10,337,992 shares were traded for $78,663,373 compared to 7,658,306 units at $66,155,432 on Tuesday.
Trading averaged 191,444 shares at $1,456,729 compared with 136,755 units at $1,181,347 on Tuesday and trading month to date averaged 313,992 stocks at $2,022,720 versus 323,869 shares at $2,068,337 on the previous day. Trading in June closed with an average of 366,795 units at $6,952,581, including bonds traded.
Transjamaican Highway led trading with 3.30 million shares for 31.9 percent of the total volume, followed by Wigton Windfarm, with 2.04 million units for 19.8 percent of the day’s trade and Sagicor Select Financial Fund with 1.92 million units for 18.6 percent of the day’s trade.
The All Jamaican Composite Index dropped 708.51 points to 360,690.28, the JSE Main Index lost 676.97 points to settle at 323,346.16 and the JSE Financial Index gained 0.22 points to settle at 71.10.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.1 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 12 stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Cement shed $3.14 to close at $50.01 as investors exchanged 1,974 shares, Eppley lost 50 cents and ended at $36 as 230 stocks passed through the market, Eppley Caribbean Property Fund fell $2.50 in closing at $39.50 after switching ownership of 100 stock units, First Rock Real Estate advanced $1.28 to $10.45 after 322,758 units cleared the market, GraceKennedy dipped 40 cents to end at $77.40 and closed, with 13,905 stock units changing hands, Guardian Holdings dropped $9 in closing at $391, with 1,478 stocks crossing the exchange, JMMB Group dropped 94 cents and ended at $28, with 20,883 units crossing the market,
Key Insurance popped 44 cents to close at $2.95 with an exchange of 10 shares, Kingston Wharves rallied $1.11 to end at $29.10 with a transfer of 1,370 stock units, Massy Holdings dipped 90 cents to end at $97.10 with shareholders swapping 152 shares, Mayberry Jamaican Equities increased 49 cents in closing at $12 in an exchange of 14,211 units, NCB Financial rose $1.50 to close at $67 after an exchange of 739,759 stocks, Pan Jamaica shed 90 cents to end at $49.50 after a transfer of 6,194 units, Seprod declined $3.90 and ended at $70.05 in trading 5,117 stocks, Supreme Ventures fell 64 cents to $27.01 with investors transferring 62,144 stock units, Sygnus Credit Investments dropped 49 cents to $11.07, with 46,568 shares changing hands.
In the preference segment, Productive Business 10.50% preference share lost $232.50 to close at a 52 weeks’ low of $977.50 in an exchange of 87 shares,
Jamaica Public Service 7% gained $7.75 to close at $71 with stakeholders exchanging 33 stocks and Jamaica Public Service 9.5% climbed $125 in closing at $3100 while exchanging two units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Main Market climbed higher on Tuesday
Trading activity dipped on the Jamaica Stock Exchange Main Market ended on Tuesday, with the volume of stocks traded declining 20 percent and the value 19 percent lower than on Monday, with trading taking place in 56 securities compared with 57 on Monday and ending with prices of 23 rising, 20 declining and 13 ending unchanged.
A total of 7,658,306 shares were traded for $66,155,432 compared with 9,606,416 units at $81,472,376 on Monday.
Trading averaged 136,755 shares at $1,181,347 compared with 168,534 shares at $1,429,340 on Monday and month to date, an average of 323,869 units at $2,068,337 compared with 340,935 units at $2,149,235 on the previous day. Trading in June closed with an average of 366,795 units at $6,952,581, including bonds trading.
Transjamaican Highway led trading with 2.58 million shares for 33.7 percent of total volume, followed by 138 Student Living with 2.0 million units for 26.1 percent of the day’s trade and Wigton Windfarm with 1.10 million units for 14.3 percent of the day’s trade.
The All Jamaican Composite Index climbed 1,640.94 points to 361,398.79, the JSE Main Index increased 915.36 points to conclude trading at 324,023.13 and the JSE Financial Index popped 0.49 points to 70.88.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.2 for the Main Market. The JSE Main and USD Market ratios are computed based on 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 ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments gained 74 cents to close at $75.49 as 28,984 shares passed through the market, Caribbean Cement shed $4.24 to end at $53.15 after an exchange of 7,588 stocks, Eppley Caribbean Property Fund rose $3 to $42 in an exchange of just two units. First Rock Real Estate climbed 52 cents in closing at $9.17 with investors transferring 45,599 stock units, Margaritaville fell 66 cents and ended at $14.62 with a transfer of 14,064 stocks, Massy Holdings dipped $1 in closing at $98 with 10,379 stock units clearing the market. Mayberry Investments lost 86 cents in ending at $8.21 after exchanging 17,189 units, Mayberry Jamaican Equities popped 51 cents to close at $11.51 after a transfer of 69,173 shares,
Pan Jamaica advanced $1.40 to close at $50.40, with 5,619 stock units crossing the market. Portland JSX declined 89 cents to end at $10 as investors exchanged 15 shares, Proven Investments dipped 30 cents to end trading at $21.50, with 1,199 units crossing the market, Sagicor Group fell 50 cents to $47.50, with stakeholders exchanging 31,435 stocks. Scotia Group gained 70 cents to close at $34.20 with an exchange of 21,648 stocks, Seprod rallied $3.92 in closing at $73.95 in trading 2,346 units and Sygnus Credit Investments lost $1.13 to end at $11.56 while exchanging 74,880 shares.
In the preference segment, Productive Business 10.50% preference share jumped $60 and ended at $1210, with 216 stock units crossing the exchange, Eppley 7.50% preference share fell 95 cents to close at $6.12, after trading 371 shares.
Productive Business Solutions 9.75% preference share declined 40 cents to end at $102 in switching ownership of 4,657 stock units and Transjamaican Highway 8% rallied 44 cents in closing at $3 with shareholders swapping 10,148 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market rallies others falter
The Main market of the Jamaica Stock Exchange climbed on Tuesday, but the Junior and JSE USD Markets slipped with the volume and value of stocks traded climbing sharply over Monday’s outturn
as Image Plus Consultants led trading with 56.39 million shares.
At the close, the JSE Combined Market Index rose 767.66 points to 338,529.88, the All Jamaican Composite Index rallied 1,640.94 points to 361,398.79, the JSE Main Index increased by 915.36 points to 324,023.13, while the Junior Market Index slipped 9.45 points to end at 3,953.96 and the JSE USD Market Index declined 3.59 points to 252.37.
Trading of Preference shares with notable price movements not included in the TOP10 graphs are Productive Business 10.50% preference share advanced $60 and ended at $1210 and Eppley 7.50% preference share fell 95 cents to close at $6.12.
At the close, investors exchanged 72,010,160 shares, in all three markets, compared with 17,713,805 stocks on Monday. The value of stocks trading in the Junior and Main markets was $201.4 million, in comparison to $104.07 million on Monday. Trading on the JSE USD market ended with investors exchanging 934,611 shares for US$22,159 from 258,699 units at US$6.551 on Monday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 18.4 on 2022-23 earnings and 12.4 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange and shows companies grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to successfully navigate numerous investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational decisions when investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts along with the closing volume pertaining to the highest bid and the lowest offer for each company.
Trading climbed on JSE Main Market
Trading activity on the Jamaica Stock Exchange Main Market ended on Monday with a 26 percent rise in the volume of stocks traded after 24 percent more funds entered the market compared with Friday and led to trading in 57 securities, up from 52 on Friday, with 20 rising, 22 declining and 15 ending unchanged.
A total of 9,606,416 shares changed hands at $81,472,376 compared with 7,597,618 at $65,500,311 on Friday.
Trading averaged 168,534 shares at $1,429,340 versus 146,108 shares at $1,259,621 on Friday and month to date, an average of 340,935 units at $2,149,235, compared to 358,577 units at $2,222,905 on the previous trading day. Trading in June ended with an average of 366,795 units at $6,952,581 including bond trading.
Transjamaican Highway ended at a record closing high of $2.84, up 103 percent for the year to date, after the price hit an intraday high of $2.88 at the opening of the market and ended with 2.70 million shares changing hands for 28.1 percent of total volume, Sagicor Select Financial Fund followed with 2.13 million units for 22.1 percent of the day’s trade, Ciboney Group ended with 1.30 million units for 13.6 percent of market share,
Wigton Windfarm closed with 1.30 million units for 13.5 percent of shares traded and Sagicor Group with 1.0 million units for 10.5 percent of total volume.
The All Jamaican Composite Index dipped 160.74 points to close at 359,757.85, the JSE Main Index rose 837.98 points to 323,107.77 and the JSE Financial Index remained unchanged at 70.39.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.1 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 eight stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Caribbean Cement climbed $2.39 to $57.39 in an exchange of 1,632 shares, Caribbean Producers increased 86 cents in closing at $10.86 after an exchange of 6,780 units,
Guardian Holdings rose $23 and ended at $400 with 88 stock units clearing the market. Key Insurance lost 42 cents to end at a 52 weeks’ low of $2.47 with investors trading 3,000 stocks, Kingston Properties dipped 31 cents to $6.99 after a transfer of 33,740 stocks, Margaritaville declined $2.70 to end at $15.28 while exchanging 985 shares. Massy Holdings gained 60 cents to close at $99 in an exchange of 10 stock units, Mayberry Investments climbed 82 cents to $9.07, with 200 units crossing the market. MPC Caribbean Clean Energy dropped $12.58 and ended at $71.27 with investors transferring 70 stock units, Proven Investments fell $1.65 in closing at $21.80 as investors exchanged 8,896 stocks, Sagicor Group popped 50 cents to end at $48, with 1,004,970 units changing hands. Scotia Group shed 60 cents to close at $33.50, with 2,727 shares crossing the market and Supreme Ventures rallied 60 cents in closing at $27.60 with an exchange of 63,553 stock units.
The preference segment continues to be fairly active with 12 securities trading. At the close, Productive Business 10.50% preference share rose $25 to close at $1150, with stakeholders exchanging 50 shares, Jamaica Public Service 7% advanced $8.25 and ended at $63.25 after 4,140 stocks passed through the market, Jamaica Public Service 9.5% lost $792.17 to end at $2975 after trading 43 units. Productive Business Solutions 9.75% preference share declined 59 cents to end at $102.40 after an exchange of 1 unit and Transjamaican Highway 8% fell 46 cents in closing at $2.56 with an exchange of 130,383 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rally for Jamaica Stock Exchange
All three Jamaica Stock Exchange markets popped moderately higher on Monday, resulting from a rise in the volume and value of stocks traded compared to trading on Friday.
At the close, the JSE Combined Market Index rose 853.16 points to end at 337,762.22, the All Jamaican Composite Index dipped 160.74 points to 359,757.85, the JSE Main Index gained 837.98 points to finish at 323,107.77, while the Junior Market Index recovered just 7.79 points of 61.50 points drop on Friday to close at 3,963.41 and the JSE USD Market Index rose 3.47 points to settle at 255.96.
Trading of Preference shares with notable price movements not included in the TOP10 graphs are Productive Business 10.50% preference share that rose $25 to close at $1150 Jamaica Public Service 7% advancing $8.25 to $63.25, while Jamaica Public Service 9.5% dived $792.17 to $2975.
At the close, investors exchanged 17,713,805 shares, in all three markets, compared with 12,429,324 stocks on Friday. The value of stocks trading in the Junior and Main markets was $104.07 million compared to $78.5 million on Friday. Trading on the JSE USD market ended with investors exchanging 258,699 shares for US$6.551 from 112,148 units at US$3,750 on Friday.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 18.6 on 2022-23 earnings and 12.4 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange and shows companies grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to navigate numerous investment options in the local stock market successfully. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational decisions when investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume pertaining to the highest bid and the lowest offer for each company.
Transjamaican out of ICTOP10
With a continually rising price, Transjamacian Highway rose 11 percent during the week to $2.78, up 57 percent since added to the Market Watch list in April and dropped out of the TOP10 this past week, while Everything Fresh closed at $1.60 and dropped out of the Junior Market TOP10.

Transjamaican Highway Gained 57% since the end of April, with more gains to come.
The Main Market continues to struggle and closed at its lowest level since the end of August 2018 based on the All Jamaica Composite Index that is down 10.7 percent for the year to date, to be highly oversold. The Junior Market fell sharply on Friday as the market pulled back from the 4,000 mark level with a modest fall year to date thus reversing last week’s positive outcome.
The Junior Market is still up 10 percent since the low in March and is currently on a big bull run over the coming months, signalled by two indicators. The Main Market is likely bottoming after the traditional sell off in May before settling off in the early summer ahead of a rebound later. The action is now with the Junior Market with more potential for growth.
For the week, 6 stocks declined and only one rose on the Junior Market and the Main Market ended with two rising and seven declining, with Caribbean Cement coming into the Main Market TOP10 and Caribbean Assurance Brokers returning to the Junior Market TOP10.
In the Junior Market, iCreate dropped 12 percent to $1.14, followed by a 10 percent decline in Caribbean Cream to $4.07, before the company released first quarter results showing marked improvements in some critical areas that lead to increased profit. Dolla Financial shed 6 percent to $2.28 after posting improved Q2 results over 2022, with profit almost doubling to $105 million and the half year climbing 92 percent to $227 million. Image Plus fell 5 percent to $2.09 following first quarter results that showed profit falling from $88 million pretax to $64 million as revenues were up 6.8 percent to $300 million. Administrative costs climbed 29 percent to $117 million.
Everything Fresh remained at $1.60, but that was all it needed to drop out of the TOP10 as Caribbean Assurance Brokers slipped from $3.30 to close at $3.09 to return to the TOP10.
While Transjamaican was the highest mover in the Main Market with the most significant change during the week and had much more room to run, Guardian Holdings declined 10 percent to $377, while Caribbean Producers fell 9 percent to $10, with all other price changes being 3 percent or less.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 6, well below the market average of 13.2. The Main Market TOP10 is projected to have an average of 264 percent, by May 2024, based on 2023 forecasted earnings.
The 14 most highly valued Main Market stocks are priced at a PE of 15 to 110, with an average of 31 and 21 excluding the highest PE stocks, 23 for the top half and 18 excluding the stocks with the highest PEs.
The Junior Market Top 10 PE sits at 5.6 compared with the market at 11.4. There are 11 stocks representing 23 percent of the market, with PEs from 15 to 44, averaging 20, well above the market’s average. The top half of the market has an average PE of 16, possibly the lowest fair value for Junior Market stocks currently, and projected to rise by 259 percent by May 2024.
The divergence between the average PE ratio of the Main and Junior Markets and the overall market valuation are important indicators of the likely gains for ICTOP10 stocks.
In the market generally, Investors continue to nibble away at a number of stocks and, in the process, gradually reducing the supply of several of them that are attractively priced as the market moves through the summer months, the start of the stock market year, when new results will be coming to the market for investors to assess and determine what to do.
ICTOP10 focuses on likely yearly winners. Accordingly, the list includes some of the best companies in the market but not always. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns up to the end of May 2024 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
More declines for Main Market stocks
Trading activity on the Jamaica Stock Exchange Main Market ended on Friday with a 13 percent decline in the volume of stocks traded valued at 101 percent more than on Thursday, after trading took place in 52 securities compared to 53 on Thursday, with prices of 13 rising, 27 declining and 12 unchanged.
A total of 7,597,619 shares were traded for $65,500,311 compared with 8,704,735 units at $32,539,428 on Thursday.
Trading ended with an average of 146,108 shares at $1,259,621 versus 164,240 shares at $613,951 on Thursday and month to date, an average of 358,577 units at $2,222,905 compared to 380,455 units at $2,322,094 on the previous day. June closed with an average of 366,795 units at $6,952,581 including trading in bonds.
Transjamaican Highway led trading with 2.42 million shares for 31.8 percent of total volume and hit an intraday record high of $2.82 before settling at a record close of $2.78. Wigton Windfarm followed with 1.77 million units for 23.3 percent of the day’s trade and Scotia Group with 575,267 units for 7.6 percent market share.
The All Jamaican Composite Index shed 1,694.92 points to finish at 359,918.59, the JSE Main Index fell 2,072.71 points to end at 322,269.79 and the JSE Financial Index lost 0.71 points to 70.39.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.2 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 seven stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments rallied 51 cents to $75.01 after transferring 5,753 shares, Caribbean Cement rallied 30 cents to $55 with investors exchanging 4,749 stocks, Caribbean Producers shed 94 cents to end at $10 after trading 12,120 stock units. First Rock Real Estate rose 85 cents to close at $8.88 with 294 units changing hands, Guardian Holdings dropped $23 in closing at a 52 weeks’ low of $377 in an exchange of 90 units, Mayberry Investments declined 72 cents to close at $8.25 as investors traded 71 stock units. Mayberry Jamaican Equities lost 50 cents to finish at $11 after trading 314 shares, Pan Jamaica shed $1.72 to $49 after 12,086 stocks passed through the market, Seprod dipped $2.45 in ending at $70.05 after exchanging 102 units and
Supreme Ventures lost 50 cents to close at $27 in an exchange of 89,109 stocks.
In the preference segment, Jamaica Public Service 7% gained $9.31 to end at $55 with 183 stock units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market falls
Trading activity on the Jamaica Stock Exchange Main Market ended on Thursday, with the volume of stocks traded dropping 43 percent and the value plunging 64 percent lower than on Wednesday, following trading in 53 securities compared with 57 on Wednesday, resulting in prices of 21 rising, 22 declining and 10 ending unchanged.
A total of 8,704,735 shares were traded for $32,539,428 versus 15,314,858 units at $91,506,030 on Wednesday.
Trading averaged 164,240 shares at $613,951 versus 268,682 stocks at $1,605,369 on Wednesday and month to date, an average of 380,455 units at $2,322,094, compared to 405,808 shares at $2,522,386 on the previous day. June closed with an average of 366,795 units at $6,952,581 including trading in Bonds.
Transjamaican Highway closed at a record close of $2.74, led trading with 2.95 million shares for 33.9 percent of total volume followed by Sagicor Select Financial Fund with 1.67 million units for 19.2 percent of the day’s trade and Wigton Windfarm with 1.56 million units for 17.9 percent of the day’s trade.
The All Jamaican Composite Index shed 1,227.06 points to close at 361,613.51, the JSE Main Index fell 863.88 points to close at 324,342.50 and the JSE Financial Index slipped 0.21 points to close at 71.10.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.3 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 seven stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments fell 50 cents to end at $74.50 as 10,522 shares passed through the market, Berger Paints declined 48 cents and ended at $7.56 with an exchange of 1,112 stock units, First Rock Real Estate shed 87 cents to $8.03 as investors exchanged 1,733 units, Kingston Wharves dipped $1.20 to close at $28.10 with a transfer of 94,612 stocks, Massy Holdings rallied 32 cents in closing at $98.32 in an exchange of 12 shares, NCB Financial dropped 48 cents and ended at $65 with stakeholders exchanging 22,635 units, Proven Investments popped $3.44 to end at $23.45 after a transfer of 262 stock units, Sagicor Group lost 38 cents in closing at $47.62, with 10,232 stocks changing hands and Seprod fell 50 cents to close at $72.50 after an exchange of 3,235 stock units.
In the preference segment, Productive Business 10.50% preference share advanced $24.99 to $1,125 with 149 units crossing the market, Jamaica Public Service 7% rose $4.15 to end at $45.69 with investors transferring 10 shares and JMMB Group 7.25% preference share lost 37 cents in closing at $3.07 with shareholders swapping 7,559 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumped on JSE Main Market
Trading activity jumped on the Jamaica Stock Exchange Main Market on Wednesday, with a 68 percent jump in the volume of stocks traded, with the value rising 215 percent more than on Tuesday, with trading in 57 securities up from 55 on Tuesday and resulted in prices of 25 rising, 18 declining and 14 ending unchanged.
A total of 15,314,858 shares were exchanged for $91,506,030, up from 9,129,580 units at $29,005,096 on Tuesday.
Trading averaged 268,682 shares at $1,605,369 versus 165,992 stocks at $527,365 on Tuesday. Trading month to date averaged 405,808 units at $2,522,386 compared to 425,596 units at $2,654,714 on the previous day. Trading in June averaged 366,795 units at $6,952,581, including trading in Bonds.
Wigton Windfarm led trading with 6.16 million shares for 40.2 percent of the volume, Transjamaican Highway followed with 3.07 million units for 20 percent of the day’s trade after the price ended at a record close of $2.72 to be up a solid 94 percent year to date. JMMB Group 7.35% – 2028 ended trading with 1.93 million units for 12.6 percent market share and Ciboney Group, with 1.02 million units, controlled 6.6 percent of total volume.
The All Jamaican Composite Index slipped 41.48 points to settle at 362,840.57, the JSE Main Index fell 77.50 points to 325,206.38 and the JSE Financial Index dipped 0.20 points to 71.31.
The PE Ratio, a formula used to compute appropriate stock values, averages 13 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 eight stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Berger Paints rallied 53 cents to end at $8.04 and closed after 4,500 shares were traded, Caribbean Cement rose 65 cents to $54.65, with 4,754 stocks changing hands, Eppley gained $1.45 to close at $36.45, with stakeholders exchanging 8,012 stock units, Jamaica Producers shed 95 cents to close at $19.50, with 446,112 units clearing the market. Jamaica Stock Exchange dipped 30 cents in closing at $10.60 after 26,097 stock units crossed the exchange, JMMB Group lost 80 cents to close at $29.19 after an exchange of 7,657 units, Kingston Wharves increased 30 cents in closing at $29.30 while exchanging 750 stocks,
Massy Holdings dropped $1 to end at $98 in an exchange of 1,722 shares. Mayberry Investments rose 48 cents to $8.98 with shareholders swapping 500 shares, Proven Investments fell $1.98 to end at $20.01 after a transfer of 2,150 stocks, Seprod climbed $2.98 to $73 after exchanging 1,492 units and Supreme Ventures declined 83 cents to close at $27.67 after 18,090 stock units passed through the market.
The preference segment was active with, trading in several stocks but with only a few shares each. At the close, Eppley 5% preference share popped $1 in closing at $21 in switching ownership of 6 stock units, Eppley 7.25% preference share rose $2.33 and ended at $18.52 in an exchange of just one stock, Jamaica Public Service 7% fell 96 cents to end at $41.54, with 146 shares crossing the market,
Jamaica Public Service 9.5% rallied $342.47 to a record high of $3767.17 with an exchange of 5 units and 138 Student Living preference share dived $15.75 to end at $89.24, with 4 stock units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
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