Stocks rose on the Jamaica Stock Exchange Main Market on Friday, with the volume of stocks trading declining 64 percent, with 97 percent lower value than on Thursday as rising stocks exceeded those declining, but the market closed with the IC bid-offer Indicator flashing short term negative signals.
The All Jamaican Composite Index gained 2,638.98 points to settle at 442,875.20, the JSE Main Index climbed 2,141.50 to 386,327.32 and the JSE Financial Index added 0.11 points to settle at 91.51.
Trading ended with 53 securities compared to 55 on Thursday, with 24 rising, 17 declining and 12 ending unchanged.
The PE Ratio, a formula to ascertain appropriate stock values, averages 15 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years, ending up to the close of August 2023.
Overall, 13,174,872 shares were exchanged for $66,091,370 versus 36,352,680 units at $2,054,073,702 on Thursday. Trading averages 248,582 units at $1,247,007, compared to 660,958 shares at $37,346,795 on Thursday. June closed with an average of 281,913 units at $5,309,050.
Ciboney Group led trading with 2.89 million shares for 22 percent of total volume, followed by Radio Jamaica with 2.70 million units for 20.5 percent of the day’s trade and Sagicor Select Financial Fund with 2.59 million units for 19.7 percent market share.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and 11 stocks with lower offers.
At the close, Berger Paints added 70 cents in ending at $12.20, with 337 shares crossing the market, Caribbean Cement lost $2.50 to end at $64.50, with 20,215 stocks changing hands, Eppley fell 50 cents in closing at $44.50 after trading 175 stock units. First Rock Capital declined $1.55 to close at $11.75 while exchanging 5,681 units, Guardian Holdings rallied $16.99 to $519.99, with 1,654 shares crossing the exchange,  Jamaica Producers advanced 45 cents to $22.45 trading 2,595 units. JMMB Group climbed $1.90 to close at $43.65 closed at 59,098 stock units, Key Insurance dropped 52 cents to end at $3.38 with the swapping of 2,005 stocks, Massy Holdings gained $1.30 after ending at $93 in exchanging 55,872 stocks. Mayberry Jamaican Equities popped 85 cents in closing at $13.85 with an exchange of 602 shares, Palace Amusement rose $45 to $945 with 23 stock units clearing the market, PanJam Investment climbed 98 cents in closing at $65.98 in an exchange of 138,936 units. Proven Investments rose $1.27 to close at $37.29 after exchanging 22,727 units, Radio Jamaica rallied 50 cents in ending at $2.90 after 2,700,500 stock units were exchanged, Scotia Group rose 45 cents to $36.50 in switching ownership of 1,039 shares. Seprod shed 70 cents in closing at $71.25, with 4,408 stocks crossing the exchange, Supreme Ventures increased 75 cents to close at $31.45 after exchanging 327,481 units and Sygnus Real Estate Finance recovered from the sharp fall on Thursday by gaining $1.26 to end at $12.51 in switching ownership of 501 shares.
In the preference segment, Eppley 7.25% preference share popped $1.94 to $21.99 after trading 2 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Barita Investments was the most prominent trade on Thursday, with 21.49 million shares for 59.1 percent of total volume as trading closed out the half year. The Jamaica Stock Exchange Main Market was constrained within a narrow consolidation range it has been in for several months.
The volume of stocks trading on Thursday rose 117 percent with 590 percent greater value than on Wednesday, with an exchange of 36,352,680 shares with a value of  $2,054,073,702, up from 16,776,950 units at $297,498,943 on Wednesday. Trading averages 660,958 units at $37,346,795, up from 310,684 shares at $5,509,240 on Wednesday and month to date, an average of 281,913 units at $5,309,050, compared to 263,593 units at $3,760,655 onthe previous trading day. May closed with an average of 238,645 units at $3,561,016.
Pulse Investments traded the second highest volume with 4.49 million units for 12.3 percent of the day’s trade and Ciboney Group 3.25 million units for 8.9 percent market share.
The All Jamaican Composite Index climbed 1,350.07 points to 440,236.22, the JSE Main Index rose 1,152.41 points to 384,185.82 and the JSE Financial Index declined 0.03 points to settle at 91.40 as trading ended with 55 securities compared to 54 on Wednesday, with 25 rising, 19 declining and 11 ending unchanged.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.9 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Investor’s Choice bid-offer indicator shows 15 stocks ended with bids higher than their last selling prices and three stocks with lower offers.
At the close, Barita Investments popped $1.02 to $88.02 in exchanging 21,487,543 shares, Berger Paints declined 75 cents in ending at $11.50 while exchanging 1,300 stock units, Caribbean Cement rose $3.40 in closing at $67 after trading 223,055 units. Eppley Caribbean Property Fund advanced $3.04 to end at $47 in an exchange of 60,745 stocks, First Rock Capital increased 73 cents to close at $13.30 in switching ownership of 79,859 units, GraceKennedy gained $1 to end at $103, with 416,560 stocks crossing the exchange. Guardian Holdings fell $20.98 in closing at $503 with the swapping of 51 stock units, Jamaica Broilers rallied 97 cents to close at $28, with 228,065 shares crossing the market, Jamaica Producers climbed $1 to $22, with 19,825 stocks changing hands. Jamaica Stock Exchange rallied 50 cents to $20 after 15,667 shares crossed the market, Kingston Properties increased 95 cents to close at $8.95, trading 140,927 units, Kingston Wharves popped $1 to $39.50 after exchanging 18,966 stock units. Massy Holdings dropped 30 cents in ending at $91.70 after exchanging 1,693 stocks, Mayberry Investments shed 40 cents in closing at $10 in trading 230,013 shares, NCB Financial slipped $1 to $101 with 36,536 stock units clearing the market. PanJam Investment lost $1 to end at $65 with an exchange of 19,380 units, Proven Investments shed $1.48 to close at $36.02 after 29,816 stocks changed hands, Pulse Investments gained 54 cents to close at $4.42 after exchanging 4,485,406 stock units. Sagicor Group fell 50 cents in closing at $55.49 in an exchange of 90,240 shares, Salada Foods advanced 30 cents in ending at $5.80 after just two units traded, Scotia Group declined $1.64 in closing at $36.05 with an exchange of 89,692 shares. Seprod rose 70 cents to end at $71.95 with the swapping of 65,213 stocks, Stanley Motta climbed 50 cents to $5.50, with 42,111 units crossing the market, Supreme Ventures increased 71 cents to $30.70 in an exchange of 236,568 stock units and Sygnus Real Estate Finance dropped $3.75 to close at a 52 weeks’ low of $11.25, with 10,000 shares crossing the market.
In the preference segment, Jamaica Public Service 9.5% gained $200 to close at $3000 after an exchange of a mere three units and 138 Student Living preference share climbed $1.76 to $19.40 in trading 15 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Winning stocks had the upper hand in trading on Wednesday, exceeding those declining by a 3 to 2 ratio, as the volume of stocks traded rose 76 percent with a 60 percent greater value than on Tuesday at the close of the Jamaica Stock Exchange Main Market.
Trading ended with 54 securities compared to 56 on Tuesday, with 24 rising, 15 declining and 15 ending unchanged.
Overall, 16,776,950 shares were traded for $297,498,943, up from 9,556,775 units at $186,056,204 on Tuesday. Trading averages 310,684 units at $5,509,240, versus 170,657 shares at $3,322,432 on Tuesday and month to date, an average of 263,593 units at $3,760,653, compared to 261,247 units at $3,673,549 on the previous trading day. May closed with an average of 238,645 units at $3,561,016.
Wigton Windfarm led trading with 6.97 million shares for 41.6 percent of total volume, followed by Transjamaican Highway with 2.34 million units for 14 percent of the day’s trades, Barita Investments chipped in with 1.42 million units for 8.4 percent of market share, Pulse Investments traded 1.12 million units for 6.7 percent of total volume and Massy Holdings with 1.0 million units for 6 percent of the market volume.
The All Jamaican Composite Index increased 1,951.68 points to 438,886.15, the JSE Main Index rose 1,324.62 point to 383,033.41 and the JSE Financial Index rallied 0.32 points to close at 91.43.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.3 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and five stocks with lower offers.
At the close, Barita Investments increased 46 cents in closing at $87 after trading 1,417,306 shares, Caribbean Cement declined 40 cents to $63.60, crossing the market 3,962 stocks, Eppley climbed $6.50 to $45 and finished trading 980 units. First Rock Capital popped 82 cents in, ending at $12.57, with 18,200 stock units changing hands, GraceKennedy lost $2 to close at $102 in an exchange of 275,338 stock units, Guardian Holdings rallied $22.98 in closing at $523.98 after exchanging 65 stocks. Jamaica Stock Exchange advanced $1.01 to close at $19.50 and closing with an exchange of 10 shares, NCB Financial shed $1.50 to $102 in trading 77,614 units, PanJam Investment rose 99 cents in ending at $66 with 123,286 shares crossing the exchange. Proven Investments gained $1 to end at $37.50 while exchanging 12,419 stocks, Pulse Investments climbed 38 cents to $3.88 in switching ownership of 1,116,423 units, Sagicor Group rallied 99 cents in closing at $55.99, trading 34,169 stock units. Supreme Ventures fell 75 cents to close at $29.99 with 103,993 shares changing hands and Sygnus Credit Investments popped 70 cents in, ending at $15, with 331,231 units clearing the market.
In the preference segment, 138 Student Living preference share dropped $2.36 to end at $17.64 with the swapping of 698 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

The Jamaica Stock Exchange Main Market pulled back on Tuesday, with the volume of stocks traded declining 31 percent, with a 154 percent greater than on Monday as rising stocks were marginally less than those falling.
Overall, 9,556,775 shares were exchanged for $186,056,204 versus 13,814,659 units at $73,312,672 on Monday. Trading averages 170,657 units at $3,322,432, compared to 260,654 shares at $1,383,258 on Monday and month to date, an average of 261,247 units at $3,673,549, compared to 266,182 units at $3,692,676 on the previous trading day. May closed with an average of 238,645 units at $3,561,016.
PanJam Investment led trading with 1.90 million shares for 19.8 percent of total volume, followed by Transjamaican Highway with 1.54 million units for 16.1 percent of the day’s trade, Sagicor Select Financial Fund with 1.05 million units for 11 percent market share and Wigton Windfarm with 1.04 million units for 10.9 percent market share.
The All Jamaican Composite Index declined 883.90 points to 436,934.47, the JSE Main Index fell 816.45 to 381708.79 and the JSE Financial Index slipped 0.12 points to settle at 91.11.
Trading ended with 56 securities up from 53 on Monday, with 22 rising, 23 declining and 11 ending unchanged.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.3 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and six stocks with lower offers.
At the close, Berger Paints increased 80 cents in closing at $12, with  930 shares changing hands, Caribbean Cement fell $1 to $64 and closed after trading 56,189 units, Carreras rose 48 cents to $9.98, with 88,008 stock units changing hands. Eppley shed $5.50 to close at $38.50 trading 2,338 stocks, GraceKennedy lost 99 cents to end at $104 in trading 4,907 stock units, Guardian Holdings dropped $3 to end at $501 in switching ownership of 3,563 units. JMMB Group rallied 50 cents in ending at $42 while exchanging 238,705 shares, Margaritaville declined $1.77 in closing at $16.50, with an exchange of 270 stocks, Mayberry Jamaican Equities shed 41 cents to close at $12.99 after trading 43,396 stocks. MPC Caribbean Clean Energy gained $10.50 to close at $106.50, with 482 shares crossing the market, NCB Financial popped $1.50 to $103.50 with the swapping of 14,369 stock units, 138 Student Living advanced 31 cents to end at $5.10 with an exchange of 622 units. Palace Amusement fell $85.99, in ending at $900, with 38 shares clearing the market, Proven Investments dropped $1.45 to close at $36.50 after exchanging 4,114 units, Sagicor Group declined 90 cents in closing at $55 with an exchange of 16,581 stocks.

Scotia Group climbed $1.79 to $37.79 with 2,215 stock units changing hands, Stanley Motta lost 49 cents to end at $5 in exchanging 42,770 shares, Sygnus Credit Investments declined 65 cents to close at $14.30 in an exchange of 18,158 stock units and Sygnus Real Estate Finance climbed $1 in ending at $15 , with an exchange of 300 units.
In the preference segment, 138 Student Living preference share fell 75 cents in closing at $20 in exchanging 14 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.