Jamaican Main Market stocks are back to highs not seen since January 2023, nearly two years ago as bullish trading pushed the index that measures just Jamaican based stocks climbed 27,055.36 points since November 22, to the penultimate day of the year, with the market breaking solidly out of an upward sloping channel starting in July and flashing bullish signal since, with the market recording higher highs and higher lows since September following the cut in Bank of Jamaica over nigh rate in August.
Trading activity slipped marginally on the Jamaica Stock Exchange Main Market ended on Monday, with trading in 64 securities compared with 62 on Friday, with prices of 22 rising, 21 declining and 21 ending unchanged and sending the market higher at the close.The market closed with 40,210,672 shares trading for $156,530,284 down moderately from 43,842,677 stock units at $162,667,778 on Friday. Trading averaged 628,292 shares at $2,445,786 compared to 707,140 stocks at $2,623,674 on Friday and for the month to date, an average of 995,214 units at $19,240,355 down from 1,016,778 shares at $20,227,364 on Friday and November with an average of 286,669 stock units at $2,555,172.
Wigton Energy led trading with 24.77 million shares for 61.6 percent of total volume followed by Transjamaican Highway with 4.32 million stock units accounting for 10.7 percent of the day’s trade, Mayberry Jamaican Equities with 3.32 million stock units for 8.3 percent market share, Sterling Investments with 2.02 million stock units for 5 percent market share after the price hit a 52 week’s high of $2.80 and Radio Jamaica with 1.13 million units for 2.8 percent of total volume.
The All Jamaican Composite Index gained 3,267.33 points to end at 385,401.92, up 5 percent for the year, the JSE Main Index rallied 1,719.39 points to end at 333,199.47, with a 2.3 percent rise in 2024 and the JSE Financial Index increased 0.15 points to wrap up trading at 67.79. The Investor’s Choice bid-offer indicator shows 17 stocks ended with bids higher than their last selling prices and two with lower offers.The Main Market ended trading with an average PE Ratio of 14.8. 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 trading, Berger Paints dropped 65 cents and ended at $7.10 in an exchange of 1,889 stock units, Caribbean Cement climbed 62 cents to a 52 weeks closing high of $86.60 with 12,714 shares changing hands, GraceKennedy sank 90 cents to end at $79 as 54,264 units passed through the market. Jamaica Broilers skidded $1.80 in closing at $37.75 after trading of 65,837 stocks and trading at an intraday 52 weeks’ high of $42.31, JMMB Group increased 50 cents to close at $22.50 after a transfer of 219,505 shares, Kingston Wharves fell $1.16 to finish at $31.83 with investors trading 4,948 stocks. Lasco Manufacturing declined 36 cents to $7.80 with 12,466 units crossing the market, Margaritaville popped 84 cents in closing at $13.34 with investors trading just one stock unit, Massy Holdings lost $1.09 and ended at $83.81 with 32,044 shares crossing the market. Mayberry Jamaican Equities rallied $1.70 to finish at $13 after an exchange of 3,321,203 units, Pan Jamaica shed $3 to end at $58 with investors dealing in 6,001 stocks, Sagicor Group rose $1.99 to close at $40 in an exchange of 288,319 stock units. Sagicor Real Estate Fund sank 35 cents to $8.05 with traders dealing in 182,085 shares, Scotia Group dipped $1.80 and ended at $50.70 as investors exchanged 59,018 stocks, Seprod slipped 50 cents to finish at $84 in switching ownership of 13,728 units. Supreme Ventures fell 50 cents to close at $23.50 after an exchange of 103,816 stock units, Sygnus Real Estate Finance dipped 39 cents to end at $9.61 with 6,513 shares clearing the market and Wisynco Group lost 65 cents in closing at $21.35 with investors swapping 216,930 stock units.
In the preference segment, Jamaica Public Service 7% advanced $2.50 to $42.50 with a transfer of 91 units, Jamaica Public Service 9.5% gained $672.85 to finish at $3103.85 crossing the exchange 220 stocks, 138 Student Living preference share popped $2.02 and ended at $257 after trading of 4 shares and Productive Business Solutions 10.5% preference share advanced $48 to end at $1120 with an exchange of 40 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
In the preference segment, Jamaica Public Service 7% declined $1.95 to $42 in an exchange of 30 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.