Last week’s stock to watch, Everything Fresh, climbed another 12.5 percent on top of the solid 43.5 percent last week to close the week at $1.89, while Consolidated Bakeries, added to the list last week, surged 34 percent to close at $1.99 as investors aggressively sucked 837,932 shares out of the market, leaving just eight lots of stocks amounting to 71,000 units on offer.
New to the list this week is Lumber Depot, that is undervalued with good potential to expand. ONE on ONE Education Services should list soon and will enjoy a significant price hike a few days after listing.
138 Student Living delivered a 41 percent jump in the week and should move even higher in the weeks ahead, while Stationery and Office Supplies picked up a bit as some demand came in for the stock. Expect more gains in the months ahead.
Investors should continue to watch Caribbean Assurance Brokers, Caribbean Producers, Dolphin Cove, Express Catering, Guardian Holdings, Jamaica Broilers, Lasco Distributors, Lasco Manufacturing, NCB Financial and Paramount Trading.
Dolphin Cove, Caribbean Producers, Express Catering and Everything Fresh will be significant beneficiaries of the strong rebound in tourist arrivals, now back to 2019 levels.
138 Student Living jumps 41%, Purity 34%
Big weekly gains for 3 ICTOP10 stocks
138 Student Living and Consolidated Bakeries jumped 41 and 34 percent respectively, from $5.14 to $7.25 and from $1.49 to $1.99 and fell out ICTOP10 this week at a time CAC2000 jumped 36 percent to $8.25 as the price recovered from a 21 percent fall to $6.05 last week.
The moves follow funds previously tied up in the One on One IPO coming back to the market.
Other meaningful ICTOP10 movers this past week, are Iron Rock Insurance and Lasco Manufacturing jumping 11 percent to $3 and $4.55 respectively and Caribbean Cream rising 10 percent to $4.25, while Caribbean Assurance Brokers slipped 8 percent $2.50.
The Main Market ended the week with Productive Business Solutions rising 15 percent to US$1.32, Berger Paints rising 12 percent to $11.45 and Sterling Investment put on 5 percent to $2.90, while VM Investments dipped 4 percent to $5.30.
In the Junior Market ICTOP10 General Accident and Lasco Financial replaced Consolidated Bakeries and Lasco Manufacturing. There was one change in the Main Market with Radio Jamaica replacing 138 Student Living.
The average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 14, while the Junior Market Top 10 PE sits at six versus the market at 12.8. The Junior Market is projected to rise by 240 percent and the Main Market TOP10 is projected to gain an average of 233 percent each by May 2023.
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 to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2023 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 and result 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.
Rebounding main market
Investors were more aggressive in trading on the Jamaica Stock Exchange Main Market on Friday, following the commencement of refunding of monies previously tied up in the recent ONEonONE IPO. Buying interest resulted in 97 percent more shares trading with 166 percent higher value than on Thursday, sending the prices of 32 stocks higher, 12 lower and 13 unchanged as 57 securities were swapped compared to 58 on Thursday.
The All Jamaican Composite Index rallied 2,977.43 points to end at 412,677.51, the JSE Main Index climbed 1,783.83 points to finish at 362,545.21 and the JSE Financial Index rose 0.71 points to close at 87.15.
The PE Ratio, a formula used in the computation of appropriate stock values, averages 14 for the Main Market. The JSE Main and USD Market PE ratios are calculated based on ICInsider.com’s forecasted earnings for companies with the financial year ending between November and August 2023.
A total of 17,038,158 shares were traded for $174,268,763 up from 8,634,954 units at $65,465,672 on Thursday. Trading averages 298,915 units at $3,057,347, versus 148,879 shares at $1,128,718 on Thursday and month to date, an average of 788,281 units at $4,934,777, compared to 816,008 units at $5,041,153 on the previous trading day. July closed with an average of 173,643 units at $1,683,017.
Portland JSX led trading with 7.0 million shares for 41.1 percent of total volume, followed by Transjamaican Highway with 3.47 million units for 20.4 percent of the day’s trade, Wigton Windfarm with 2.32 million units for 13.6 percent market share and Pulse Investments with 1.41 million units for 8.3 percent market share.
The Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Cement advanced $3 to close at $60 after a transfer of 14,069 shares, Eppley rallied $1 to $41 in switching ownership of 1,058 units, GraceKennedy shed $1.01 in closing at $94.99 in trading 137,648 stock units. Guardian Holdings rose $10 to $530 after the trading of 5,101 stocks, Jamaica Broilers climbed 50 cents to $29 in exchanging 31,400 stocks, Jamaica Stock Exchange popped $1.13 to close at $16.20 with 5,823 units changing hands. JMMB Group gained $1.20 in closing at $41.50 after 940,974 shares crossed the exchange, Kingston Wharves increased 35 cents to end at $37.85 while exchanging 21,670 stock units, Massy Holdings rose $12.50 to $86.50 in exchanging 50,536 units. MPC Caribbean Clean Energy increased $2.49 after ending at $84.49 and trading 56 stocks, NCB Financial dropped $1.90 in closing at $91 with investors transferring 55,661 stock units, Palace Amusement lost $34.99 to end at $700, with 52 shares clearing the market. PanJam Investment declined $2.99 in ending at $59.01 in an exchange of 9,854 shares, Portland JSX popped $1.50 to end at $12 after 7,000,330 stock units changed hands, Sagicor Group rallied $4.48 to close at $54.50, with 9,118 units changing hands. 
Salada Foods advanced 57 cents to close at $5.32 with the swapping of 22,969 stocks, Seprod dipped 38 cents to $69.02 with a transfer of 5,517 units and Supreme Ventures fell $1.20 in closing at $28.80 as investors exchanged 32,579 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Sharp rebound for JSE Main Market
Market activity on the Jamaica Stock Exchange Main Market ended on Thursday, with the volume of stocks traded declining 43 percent with 12 percent less value than Wednesday as 58 securities were exchanged compared to 52 on Wednesday, with 24 rising, 18 falling and 16 remaining unchanged.
Investors exchanged 8,634,954 shares for $65,465,672 versus 15,124,626 units at $74,624,156 on Wednesday. Trading averaged 148,879 units at $1,128,718 versus 290,858 shares at $1,435,080 on Wednesday and month to date, an average of 816,008 units at $5,041,153, compared to 856,824 units at $5,280,521 on the previous trading day. July closed with an average of 173,643 units at $1,683,017.
Wigton Windfarm led trading with 4.36 million shares for 50.5 percent of total volume, followed by Transjamaican Highway with 960,791 units for 11.1 percent of the day’s trade and Supreme Ventures traded 786,773 units for 9.1 percent market share.
The All Jamaican Composite Index popped 5,021.15 points to 409,700.08, the JSE Main Index climbed 7,542.39 points to s 360,761.38 and the JSE Financial Index rallied 0.98 points to settle at 86.44.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.8 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with their financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Producers declined 50 cents in closing at $13, with 37,948 shares crossing the market, Eppley Caribbean Property Fund increased $4.99 to end at $44.99 in swapping of six units, GraceKennedy rallied $2 to $96, with 4,758 stocks crossing the exchange. Guardian Holdings fell $37.46 to $520, closed at 29 stock units, Jamaica Producers gained 85 cents ending at $20.98 after a transfer of 6,447 stock units, Jamaica Stock Exchange lost 93 cents to close at $15.07 as investors exchanged 13,509 stocks. JMMB Group shed 95 cents to end at $40.30 with a transfer of 164,695 shares, Kingston Properties popped 40 cents to $7.40 with 1,954 units clearing the market, Kingston Wharves climbed $3.38 in closing at $37.50 in trading 3,443 stock units. Margaritaville dipped 45 cents in ending at $27.55, with four units crossing the market, Massy Holdings dropped $1 to a 52 weeks’ low of $74 after exchanging 2,077 stocks, Mayberry Investments advanced 65 cents to end at $9.90 in trading 13,575 shares. MPC Caribbean Clean Energy rose $16.22 to $82, with 13 stock units changing hands, NCB Financial increased 40 cents to $92.90 with investors transferring 40,434 units, 138 Student Living rose $1.04 to close at $6.95 after exchanging 507,024 shares. Palace Amusement climbed $44.99 in closing at $734.99 in trading 45 stocks, PanJam Investment popped $2 to close at $62 in switching ownership of 6,805 stocks, Portland JSX shed 40 cents to end at $10.50 in an exchange of 158 shares. 
Proven Investments gained $1.50 after finishing at $33 while exchanging 5,206 units, Seprod advanced 40 cents to $69.40 with an exchange of 115 stock units, Stanley Motta rallied 69 cents to close at $5.29 in trading 3,000 stock units. Supreme Ventures increased 50 cents to end at $30 after exchanging 786,773 shares, Sygnus Credit Investments advanced 40 cents to $13.50, with 23,180 units crossing the market and Sygnus Real Estate Finance climbed $1.14 in closing at $10.94 after trading ten stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
11% drop for JSE Main Market
The Jamaica Stock Exchange Main Market fell 10.8 percent to its lowest level since the start of the year at the end of trading on Wednesday. The volume of stocks traded rose 51 percent with a 43 percent lower value than at the close on Tuesday as 52 securities were exchanged compared to 56 on Tuesday, with 16 rising, 21 declining, and 15 ending unchanged.
The All Jamaican Composite Index dived 2,743.15 points to 404,678.93, to be down 7.7 per for the year to date, the JSE Main Index dropped 4,595.49 points to 353,218.99, with a 10.8 percent fall for the year and the JSE Financial Index shed 0.72 points to settle at 85.46.
Investors traded 15,124,626 shares costing $74,624,156 versus 10,035,795 units at $130,106,528 on Tuesday. The average trade for the day was 290,858 units at $1,435,080, compared to 179,211 shares at $2,323,331 on Tuesday and month to date, an average of 856,824 units at $5,280,521, compared to 889,671 units at $5,503,694 on the previous day. July closed with an average of 173,643 units at $1,683,017.
138 Student Living led trading with 4.23 million shares for 28 percent of total volume, followed by Wigton Windfarm with 3.76 million units for 24.9 percent of the day’s trade, Sagicor Select Financial Fund with 2.85 million units for 18.9 percent market share and Transjamaican Highway with 1.24 million units for 8.2 percent of the day’s transactions.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.4 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with the financial year ending between November and August 2023.
The Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Berger Paints rose $1.16 to $11.47, with 1,591 shares changing hands, Eppley fell $1 to close at $40 in trading 100 stocks, GraceKennedy shed $2 in closing at $94 with the swapping of 143,571 units. Guardian Holdings jumped $50.46 to end at $557.46, with 35 stock units crossing the market, Jamaica Broilers popped 50 cents to $28.50 while exchanging 19,549 shares, Jamaica Producers lost 87 cents to end at $20.13 after exchanging 20,436 stocks. JMMB Group climbed 50 cents in closing at $41.25 after 124,437 units changed hands, Massy Holdings dropped $10.84 to close at a 52 weeks’ low of $75 after trading 1,464 stock units, 138 Student Living advanced 46 cents to $5.91 with 4,229,552 shares changing hands. Palace Amusement declined $70 to end at a 52 weeks’ low of $690 after exchanging 74 stocks, Proven Investments dipped 50 cents to close at $31.50, with 7,052 stock units crossing the market, Scotia Group dropped $1.10 to $34 as investors exchanged 13,588 units. 
Seprod lost 45 cents to end at $69 in an exchange of 5,129 shares and Supreme Ventures declined 40 cents to $29.50 with investors transferring 48,546 units.
In the preference segment, Eppley 7.50% preference share increased 49 cents in closing at $7.49 after trading 10,940 stock units and JMMB Group 7% preference share dipped 50 cents to $2 with 30,116 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The JSE Main Market drops
Main Market stocks suffered another blow in trading on the Jamaica Stock Exchange on Tuesday, with the All Jamaican Composite Index falling 7 percent below the start of 2022 as the volume of stocks traded fell 69 percent but with a 44 percent higher value than on Monday flowing from trading of 56 securities compared to 56 on Monday, with 20 rising, 26 declining and ten ending unchanged.
The All Jamaican Composite Index dropped 2,541.98 points to 407,422.08, the JSE Main Index rose 619.64 points to 357,814.48 and the JSE Financial Index slipped 0.24 points to close at 86.18.
Investors exchanged 10,035,795 shares for $130,106,528 versus 32,269,822 units at $90,087,830 on Friday. Trading ended with an average of units at 179,211 at $2,323,331 versus 546,946 shares at $1,526,912 on Monday, and month to date, an average of 889,671 for $5,503,694, compared to 937,035 units at $5,715,718 on the previous trading day. July closed with an average of 173,643 units at $1,683,017.
Wigton Windfarm led trading with 3.76 million units for 37.5 percent of total volume, followed by Transjamaican Highway with 966,173 units for 9.6 percent of the day’s trade and with market share and Wisynco with 574,957 shares for 5.7 percent of total trades.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.4 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Berger Paints dipped $1.19 to $10.31 while exchanging 4,637 shares, Caribbean Cement popped $1 to close at $57 in trading 255,832 stocks, Eppley rose $2.50 in closing at $40 while trading 30 units, Eppley Caribbean Property Fund dropped $4.98 to $40 after a trade of 77 shares, First Rock Real Estate dropped 79 cents to $11.51 in switching ownership of 43,083 stock units, GraceKennedy rose $1 to $96 after exchanging 319,641 units and trading at an intraday 52 weels’ low of $70.10. Guardian Holdings dropped $18 in closing at $507 after trading 138 shares, Jamaica Broilers dropped 50 cents to close at $28, with an exchange of 18,239 stocks, Jamaica Producers rose 89 cents in ending at $21 with the swapping of 93,150 stock units after the price hit an intraday one year low of $18.04, Jamaica Stock Exchange slipped 40 cents to $16, with 6,128 units crossing the market, JMMB Group had trading in 464,838 but fell 75 cents at $40.75, Kingston Wharves declined $3.28 to close at a 52 weeks’ low of $34.12, with 3,658 shares crossing the market, Massy Holdings jumped $8.84 in closing $85.84 after exchanging 1,210 stocks. Mayberry Jamaican Equities rose 56 cents to $14.06 and exchanged 11,645 units, NCB Financial gained $1.98 in ending at $92.18 after trading 79,481, 
Palace Amusement added $10 to close at $760 with just four shares trading following trading at a one year intraday low of $665, PanJam Investment climbed $1 to end at $60 with an exchange of 255,259 stock units, Salada Foods fell 38 cents to close at $4.62 with 8,474 stocks changing hands. Scotia Group rallied $1.10 to $35.10, with an exchange of 1,113 shares and Supreme Ventures rose $1.10 to $29.90, with 107,110 units crossing the exchange.
In the preference segment, Eppley 7.5% preference share fell 40 cents to close at $7 with a transfer of 208 shares and Jamaica Public Service 9.5% preference share shed $350 to end at $2,650 in an exchange of 3,880 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The JSE Main Market at lowest point for 2022
Stocks suffered another body blow in trading on the Jamaica Stock Exchange Main Market on Monday, with an 89 percent decline in the volume of stocks traded with a 96 percent lower value than on Friday as 59 securities traded compared to 56 on Friday, with 16 rising, 28 declining and 15 ending unchanged.
The All Jamaican Composite Index dipped 2,052.20 points to 409,964.06, the JSE Main Index dived 5,339.22 points to 357,194.84 and the JSE Financial Index slipped 0.06 points to close at 86.42.
Investors traded 32,269,822 shares for $90,087,830 compared to 289,860,735 units at $2,467,647,684 on Friday. Trading ended with an average of 546,946 units at $1,526,912, versus 5,176,085 shares at $44,065,137 on Friday, and month to date, an average of 937,035 units at $5,715,718, compared to 966,504 units at $6,032,158 on the previous trading day. July closed with an average of 173,643 units at $1,683,017.
Transjamaican Highway 8% led trading with 26.50 million shares after trading at a 52 weeks’ low of $1.47 to control 82.1 percent of total volume followed by Transjamaican Highway with 1.69 million units for 5.2 percent of the day’s trade and Wigton Windfarm with 1.22 million units for 3.8 percent market share.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.7 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Berger Paints rose $1.27 to $11.50 while exchanging 11,543 shares, Caribbean Cement dipped $3.75 to close at $56 in trading 74,233 stocks, Carreras shed 39 cents to end at $9 with 245,669 stock units clearing the market. Eppley declined 50 cents in closing at $38.50 while trading 4,523 units, First Rock Real Estate climbed 79 cents to $12.30 in switching ownership of 872 stock units, GraceKennedy fell $1.50 to end at $95 after exchanging 123,366 units. Guardian Holdings gained $5 in closing at $525 after trading 1,064 shares, Jamaica Broilers dropped 58 cents to close at $28.50 as investors exchanged 40,218 stocks, Jamaica Producers lost 89 cents in ending at $20.11 with the swapping of 27,940 stock units. Jamaica Stock Exchange popped 90 cents to $16.40, with 4,956 units crossing the market, Margaritaville declined $1.40 to close at $28, with three shares crossing the market, Massy Holdings shed $10 in closing at a 52 weeks’ low of $77 after exchanging 6,120 stocks. Mayberry Investments dipped 65 cents after ending at $9.25 and exchanging 11,645 units, PanJam Investment dropped $1 to end at $59 with an exchange of 39,863 stock units, Proven Investments fell 96 cents to $32.04 with 29,368 stocks changing hands. Sagicor Group lost $4 in closing at $50, with 74,306 shares changing hands, Stanley Motta dropped 38 cents to end at $4.60 after a transfer of 114,461 stocks, 
Supreme Ventures declined 46 cents to $28.80, with 107,110 units crossing the exchange and Sygnus Real Estate Finance dipped 55 cents to $9.75 with investors transferring 2,801 stock units.
In the preference segment, 138 Student Living preference share rallied $2.41 to close at $45 with a transfer of 37 shares and Productive Business Solutions 9.75% preference share shed $8 to end at $150 in an exchange of 430 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Consolidated visits ICTOP10
Consolidated Bakeries moves into ICTOP10 this week at a time when the local stock market was starved of funds tied up in the One on One IPO that came to the market on August 12 and helped the JSE markets to pull back in the past week, with several stocks suffering declines, but increased interest rates erroneously pushed by Bank of Jamaica seems to be a contributory factor as well.
The disclosure that Dolla Financial corresponded with Access Financial to explore merger talks, put new life into the former TOP10 stock, with increased buying in the stock this past week. Trading picked up with 115,359 units being exchanged during the week, up from 38,162 units the previous week, with the stock moving from $25 at the end of last week to $27.50 this past week.
ICTOP10 movers this past week are General Accident jumping 16 percent to $5.80. In comparison, CAC 2000 dropped 21 percent to $6.05, Medical Disposables slipped 18 percent lower at $5.71, Dolphin Cove with a decline of 8 percent to $13.65 and Caribbean Cream down 5 percent to $3.88.
The Main Market ended the week with Productive Business Solutions jumping 15 percent to US$1.15 while VM Investments popped 6 percent to $5.50, but Berger Paints lost 14 percent to $10.23 after posting six months results without second quarter numbers that would show reduced second quarter profits compared to the first quarter.
The Junior Market ICTOP10 welcomed Consolidated Bakeries, with projected earnings per share of 22 cents, with the company appearing to be breaking the old practice of limited revenue growth and small profits. See the latest profile of the company with full reporting and its prospects for the current year. General Accident says goodbye to the ICTOP10 following the recovery in the price. There were no changes in the Main market.
The average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 13.8, while the Junior Market Top 10 PE sits at 5.8 versus the market at 12.7. The Junior Market is projected to rise by 260 percent and the Main Market TOP10 is projected to gain an average of 246 percent each to May 2023.
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 to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2023 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.
Everything Fresh jumps 44% last week
Last week’s stock to watch, Everything Fresh, climbed 43.5 percent from $1.17 to close the week at $1.68 and should move higher and Future Energy Source, that reported fabulous results for the first quarter, was one to watch. The stock added to the $5.29 price it closed the previous week at and closed on Friday at $5.63, with a PE ratio of 22.5.
Everything Fresh traded at $1.68 on Friday to gain 43.5% for the week.
This week, Consolidated Bakeries is added to the list, following excellent half year results, with prospects of more gains ahead, but General Accident is out following a bump in claims in the second quarter that squeezed profit. Also added to the list is ONE on ONE Education Services, which should list this month and enjoy a significant price hike.
138 Student Living reported strong June results but hardly moved in a week that the markets suffered declines. Meanwhile, Stationery and Office Supplies pulled back a bit as demand weakened following good half year results.
This week’s other ICInsider.com watch listings are Caribbean Assurance Brokers, Caribbean Producers, Dolphin Cove, Express Catering, Guardian Holdings, Jamaica Broilers, Lasco Distributors, Lasco Manufacturing, NCB Financial and Paramount Trading.
Dolphin Cove, Caribbean Producers, Express Catering and Everything Fresh will be major beneficiaries of the strong rebound in tourist arrivals, now back to 2019 levels.
Refunds should start returning to investors from ONE on ONE Education Services this week now that allocations in the recent IPO are determined. That could make a big difference to the market as investors deploy those funds in the market.
JSE Main Market down 8.5% in 2022
Market activity on the Jamaica Stock Exchange Main Market ended on Friday, with the volume of stocks traded declining 19 percent with an 83 percent hike in value compared to trading on Thursday and leading to the All Jamaican Composite Index declining 2,420.51 points to 412,016.26, down 6 percent for the year to date. The JSE Main Index dropped 3,211.91 points to 362,534.06, with a year to date fall of 8.5 percent and the JSE Financial Index shed 1.29 points to settle at 86.48.
Trading ended with 289,860,735 shares for $2,467,647,684 compared with 358,301,804 units for $1,351,391,586 on Thursday.
Trading on Friday averaged 545,176,085 units at $44,065,137 versus 6,285,997 shares at $23,708,624 on Thursday and month to date, an average of 966,504 units at $6,032,158, compared to 641,350 units at $3,094,438 on the previous trading day. July closed with an average of 173,643 units at $1,683,017.
Sagicor Real Estate Fund led trading with 282.54 million shares for 97.5 percent of total volume followed by Supreme Ventures with 2.53 million units for 0.9 percent of the day’s trade and Wigton Windfarm with 966,504 units for 0.3 percent market share.
Trading accounted for 56 securities compared to 57 on Thursday, with 12 rising, 31 declining and 13 ending unchanged.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.8 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Barita Investments fell $1.09 to $85 while exchanging 1,455 shares, Berger Paints shed $1.25 to end at $10.23 after 11,492 units changed hands, Caribbean Cement increased $1.76 to close at $59.75, with 3,496 stocks crossing the market. GraceKennedy rallied $1 to $96.50, with 29,899 shares changing hands, Guardian Holdings declined $49 in ending at $520 in exchange of 45 units, Jamaica Stock Exchange dipped $1.02 in closing at $15.50 in trading 33,459 stock units. Mayberry Jamaican Equities lost 40 cents to end at $13.50 in exchanging 15,403 shares, NCB Financial dropped $3.49 after ending at $90.51 in switching ownership of 76,798 stocks, PanJam Investment shed $2 to close at $60 trading 1,205 stocks. Proven Investments rose $1 to $33, with 3,641 shares crossing the exchange, Sagicor Group advanced $2 in closing at $54 after exchanging 64,256 units, Scotia Group declined 50 cents to end at $34 with investors transferring 7,099 stock units. 
Seprod lost 45 cents to end at $69.05 after a transfer of 23,137 stock units and Supreme Ventures dipped 73 cents to $29.26 in an exchange of 2,529,457 units.
In the preference segment, 138 Student Living preference share dropped $7.51 to close at $42.59 with the swapping of 40 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.