New yearly highs in individual stocks helping to market in gaining 3 percent in value for the week greeted the new month of November at the close of trading on the Jamaica Stock Exchange Main Market on Friday as the market was pushed higher for two consecutive days even as the volume and the value of stocks traded declining by 55 percent and 42 percent respectively compared to trading on Thursday, with activities in 56securities compared with61on Thursday, with prices of 28stocks rising, 15 declining and 13 ending unchanged.
The market closed with 12,322,346 shares being traded with a value of $92,478,739 down from 27,500,921 stocks amounting to $159,469,871 on Thursday.
Trading averaged 220,042 shares at $1,651,406 compared to 450,835 stocks at $2,614,260 on Thursday and October with an average of 205,025 stock units at $2,311,672.
QWI Investments led trading with 2.93 million shares for 23.8 percent of the total volume followed by Transjamaican Highway with 1.63 million stocks for 13.2 percent of the day’s trade, Radio Jamaica with 1.37 million stock units for 11.2 percent market share, Sagicor Select Financial Fund with 1.22 million units for 9.9 percent market share and Jamaica Producers with 1.17 million shares for 9.5 percent of total volume.
The All Jamaican Composite Index climbed 1,703.81 points to end at 365,438.63, the JSE Main Index advanced 2,601.00 points to end the day at 317,594.25 and the JSE Financial Index slipped 0.18 points to 65.98. The Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and four with lower offers.The Main Market ended trading with an average PE Ratio of 14.5. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close of market activities, Berger Paints climbed 46 cents to finish at $8 in an exchange of 925 shares, Caribbean Cement rose 95 cents and ended at 52 weeks high of $74.95 with 2,373 stocks being traded, Guardian Holdings gained $1 to $315 after a transfer of 1,199 shares. Jamaica Broilers popped $1.19 to end at $38.17 in switching ownership of 424,500 stock units, Jamaica Producers dipped 97 cents in closing at $21 as investors exchanged 1,170,000 shares, Key Insurance fell 40 cents to end at $2.24 with 12,406 units changing hands. Kingston Wharves gained 47 cents to $28.47 with an exchange of 579 stocks, Lasco Manufacturing advanced 52 cents to close at a 52 weeks’ high of $8 after the hitting an intraday high of $9 with 177,269 stock units crossing the market.
The move was a results of a sharp decline in the volume of stocks on offer over the past several weeks. Massy Holdings rallied $4.95 and ended at $78 with traders dealing in 100,104 shares, NCB Financial slipped 74 cents to end at $52 with 22,706 units crossing the exchange, Proven Investments sank 50 cents in closing at $20 with investors dealing in 111,449 stocks, Scotia Group dropped 50 cents to finish at $45 and closed with 76,631 stock units changing hands. Seprod sank $1.45 to $84.55 in trading 37 shares. Sterling Investments increased 49 cents to close at a 52 weeks’ high of $2.78 after an exchange of 397,156 units and Sygnus Real Estate Finance popped $1.05 and ended at $11.50 with a transfer of 48,324 stocks.
In the preference segment, Eppley 7.25%preference share declined $3.09 in closing at $16.51 after an exchange of 1,000 stock units and Jamaica Public Service 9.5% rallied $209.99 to end at $2,899.99 with investors trading just one share.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with an exchange of 555,546 shares for US$14,136 up from 227,093 stocks at US$10,758 on Wednesday.
In the preference segment, Jamaica Public Service 9.5% sank $210 to $2690 after an exchange of 1,133 shares and Sygnus Credit Investments C10.5% increased 40 cents in closing at $105 with investors dealing in 39 stock units.
The market closed with
The All Jamaican Composite Index sank 618.05 points to settle at 357,496.90, the JSE Main Index lost 1,151.31 points to close at 311,890.12 and the JSE Financial Index popped 0.21 points to end at 65.41.
Jamaica Broilers sank $1.63 in closing at $35.50 with traders dealing in 513,394 stocks, JMMB Group slipped 64 cents to $21.66 after 49,090 units passed through the market, Kingston Wharves sank $1.22 to finish at $25.83 with investors dealing in 885 stocks. Massy Holdings advanced $4 and ended at $78 after 318,735 stock units were exchanged, MPC Caribbean Clean Energy dipped $12.99 to end at $75 with investors trading 30 shares, NCB Financial popped 62 cents to close at $53.16 in an exchange of 19,190 stock units. Pan Jamaica rallied $1.96 to $48.96 with 5,471 shares clearing the market, Sagicor Group fell $1.51 in closing at $37.54 as investors exchanged 8,085 stock units, Sagicor Real Estate Fund skidded 41 cents and ended at $7.53 with a transfer of 16,320 stocks. Scotia Group gained $1.20 to finish at $45.20 with investors swapping 313,527 units, Sygnus Real Estate Finance lost 76 cents to close at $10.02 after a transfer of 649 shares and Wisynco Group shed 83 cents to end at $20.61 with 24,471 stocks changing hands.
In the preference segment, Jamaica Public Service 7% climbed $2 to $46 after an exchange of just 4 units and 138 Student Living preference share popped $12.98 to finish at $199.74 with investors trading 20 stock units.