The Jamaica Stock Exchange Main Market closed higher for a second consecutive day on Friday, with the volume of stocks changing hands climbing 42 percent and the value 41 percent lower than on Thursday, with 58 securities trading compared with 52 on Thursday, with 26 rising, 19 declining and 13 ending unchanged.
A total of 17,423,772 shares were exchanged for $113,062,974 versus 12,158,165 units at $187,080,964 on Thursday.
Trading averaged 300,410 shares at $1,949,362 compared with 233,811 units at $3,597,711 on Thursday and month to date, an average of 308,048 stocks at $2,115,819, compared with 308,619 units at $2,128,260 on the previous day. Trading in June closed with an average of 366,795 units at $6,952,581, including trading in bonds.
Transjamaican Highway led trading with 5.75 million shares for 33.3 percent of total volume, followed by JMMB Group 7.35% – 2028 with 2.57 million units for 14.9 percent of the day’s trade, Sagicor Select Financial Fund ended with 2.53 million units for 14.6 percent market share, QWI Investments controlled 1.46 million units for 8.4 percent of the market and Wigton Windfarm with 1.40 million units for 8.1 percent of total volume.
The All Jamaican Composite Index rallied 91.12 points to 362,517.50, the JSE Main Index rose 906.61 points to 327,867.62 and the JSE Financial Index dipped 0.08 points to 72.77.
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 seven stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments rallied $1.50 and ended at $76 after trading 57,195 shares, First Rock Real Estate fell $1.45 in closing at $9, with 3,400 stock units clearing the market, Guardian Holdings climbed $4 to $455 as investors exchanged 849 units, Jamaica Broilers gained 47 cents to end at $35 with a transfer of 22,072 stocks. Jamaica Stock Exchange dipped $1.21 to close at $10.22 in an exchange of 36,696 stock units, JMMB Group dropped 30 cents in closing at $28.90 in trading 28,280 stocks, Kingston Wharves popped 31 cents and ended at $29.80 after an exchange of 21,223 shares, Margaritaville advanced 40 cents to $15 after an exchange of 54 units. 
Massy Holdings declined 50 cents to end at $98.50, with 5,272 stock units crossing the market, Mayberry Jamaican Equities rose 40 cents to close at $11.90 and closed after 2,505 stocks changed hands, NCB Financial increased $2.49 to end at $74.99 in switching ownership of 709,089 units, 138 Student Living advanced 65 cents to close at $4.65 with an exchange of 111,931 shares. Pan Jamaica shed $1.35 in closing at $49 with stakeholders exchanging 50,625 shares, Proven Investments increased $1.25 to $23.25 in an exchange of 1,228 stocks, Scotia Group rose 70 cents to $33.75, with 204,253 units crossing the market, Seprod climbed $2.10 to $74.10 with investors transferring 3,139 stock units. Supreme Ventures rallied 49 cents to close at $27.49 after a transfer of 208,004 stock units, Sygnus Credit Investments lost 83 cents to end at $11.17 with shareholders swapping 146,619 units, Victoria Mutual Investments gained 37 cents in closing at $3.37, with 56,404 stocks changing hands and Wisynco Group popped 30 cents to end at $18 with 50,440 shares crossing the exchange.
In the preference segment, Eppley 7.50% preference share rallied 91 cents in closing at $6.12, as 3,056 units passed through the market, Jamaica Public Service 7% dipped $1 to $70 while exchanging 1,022 stocks. JMMB Group 7.25% due 2024 preference share fell 30 cents and ended at $1.70 with investors transferring 208,689 shares and 138 Student Living preference share rose $13.39 to close at $102.63 in trading one stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
A total of 9,606,416 shares changed hands at $81,472,376 compared with 7,597,618 at $65,500,311 on Friday.
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.
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.
In the Junior Market, iCreate dropped 12 percent to $1.14, followed by a 10 percent decline in 
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
A total of 9,129,580 shares were traded for $29,005,096 down from 24,449,466 units at $83,643,070 on Monday.
JSE Financial Index added 0.36 points to conclude trading at 71.51.
JMMB Group climbed 74 cents in closing at $29.99 after 61,111 units passed through the market. Kingston Wharves dropped 98 cents to end at $29 while exchanging 4,738 stocks, Mayberry Investments lost 50 cents to close at $8.50 as investors exchanged 102,836 stock units, MPC Caribbean Clean Energy climbed $15.49 to $83.99, with 447 shares clearing the market. NCB Financial rallied $1.23 to close at $65.25 after 9,895 stock units crossed the market, Pan Jamaica advanced 95 cents and ended at $50.45 after 344 stocks passed through the exchange, Sagicor Group popped 50 cents to close at $48 after an exchange of 4 units. Salada Foods gained 30 cents to end at $2.80 with shareholders swapping 38 stock units, 
Seprod shed $2.73 in closing at $70.02, with 7,517 stocks changing hands and Sygnus Real Estate Finance rose 50 cents to end at $12.50 in an exchange of 16,441 units.