Prices jumped broadly on the Jamaica Stock Exchange Main Market on Thursday, following a 109 percent jump in the volume of stocks traded as the value surged 401 percent higher than on Wednesday, after investors ended trading in 53 securities down from 59 on Wednesday, with 27 rising, eight declining and 18 ending unchanged.
A total of 18,676,905 shares were traded at $323,528,081 compared to 8,932,182 units at $64,616,360 on Wednesday.
Trading averaged 352,394 shares at $6,104,303 up sharply from 151,393 units at $1,095,193 on Wednesday and month to date, an average of 316,608 stocks at $1,867,646, just slightly more than the 314,910 units at $1,666,623 on the previous day. Trading in July closed with an average of 283,368 shares at $2,135,482.
Wigton Windfarm led trading with 4.31 million shares for 23.1 percent of total volume, followed by Sagicor Group with 3.28 million units for 17.5 percent of the day’s trade, Stanley Motta with 2.10 million units for 11.2 percent market share, Wisynco Group and Transjamaican Highway chipped in with 1.52 million units for 8.1 percent market share respectively and Sagicor Select Financial Fund with 1.24 million units for 6.6 percent of total volume.
The All Jamaican Composite Index gained 3,802.79 points to finish at 354,823.78, the JSE Main Index popped 2,577.57 points to 321,731.80 and the JSE Financial Index rallied 1.08 points to end at 72.05.
The PE Ratio, a formula used to compute appropriate stock values, averages 12.9 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 10 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments climbed 47 cents to end at $76.37, with 413,555 shares crossing the market, Eppley rallied 97 cents to $36.50 in switching ownership of just 2 units, Jamaica Producers gained $1.80 and ended at $19.81 while exchanging 31,851 stocks, Jamaica Stock Exchange popped 98 cents in closing at $10.68, with 215,983 stock units clearing the market, JMMB Group increased 69 cents to $27.84 in an exchange of 140,735 units, Kingston Wharves rose $3 to $30 after exchanging 109,829 shares, Massy Holdings lost 90 cents to close at $100.10 with traders dealing in 1,580 stocks, 
MPC Caribbean Clean Energy advanced $9.50 and ended at $82 as investors exchanged 6 stock units, NCB Financial gained 40 cents to end at $73.40 with investors swapping 116,996 shares, Pan Jamaica rose $2.02 to close at $49.01 after 27,867 stocks were traded, Portland JSX declined $1 and ended at $9 trading 1,756 stock units, Proven Investments advanced 35 cents to close at $22.45 in trading 1,598 units, Sagicor Group increased $5.92 in closing at $50 after investors swapped 3,275,234 stock units, Sagicor Real Estate Fund dropped 35 cents to $8.15 after 10,408 shares passed through the market, Scotia Group climbed 83 cents to end at $33.84 with investors dealing in 704,129 units, Seprod rallied $4.99 in closing at $74.99 with investors transferring 435,817 stocks, Supreme Ventures skidded 49 cents to end at $27.50, with 361,791 units changing hands.
In the preference segment, Eppley 7.50% preference share fell 48 cents to close at $5.52 after an exchange of 13,126 stock units and Jamaica Public Service 7% popped $6.02 and ended at $52.82 in an exchange of 93 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading resulted in an exchange for 8,932,182 shares for $64,616,360, down from 17,477,049 units at $200,353,274 on Tuesday.
The PE Ratio, the most common formula used in valuing stocks, averages 12.8 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.
JMMB Group dropped 54 cents to close at $27.15 after an exchange of 22,349 stocks, Kingston Properties increased 40 cents in closing at $7.30 with investors dealing in 68 stock units, Massy Holdings climbed 90 cents to $101 with stakeholders exchanging 1,772 shares, MPC Caribbean Clean Energy gained $2.80 and ended at $72.50 after a transfer of 194 units. Seprod rallied $5 to close at $70 with a transfer of 146,479 units, Supreme Ventures gained 44 cents in closing at $27.99, with 9,896 shares changing hands, Sygnus Credit Investments shed 50 cents to land at $11.47 in an exchange of 67,753 stocks and Wisynco Group climbed $1.15 in closing at $18, with 81,066 stock units crossing the exchange before reporting full year profit results after the market closed, of $4.9 billion, up 21 percent over earnings for 2022 and resulting in earnings of $1.31 per share.
Jamaica Public Service 7% fell $12.06 to $46.80, with 358 stock units clearing the market and Productive Business Solutions 9.75% preference share advanced 50 cents to end at $100 in an exchange of 47 stocks.
A total of 17,477,049 shares were traded for $200,353,274 compared to 4,844,640 units at $59,990,583 on Monday.
The PE Ratio, a formula used to compute appropriate stock values, averages 12.6 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecast by ICInsider.com for companies with the financial year ending up to August 2024.
Margaritaville climbed $2.32 to close at $16.35 in switching ownership of 2 stocks, NCB Financial jumped $1.54 and ended at $72.98, with 54,335 shares crossing the market, Pan Jamaica fell 81 cents to close at $46.99 after 2,889 stock units passed through the market. Scotia Group fell 85 cents to end at $33, with 60,007 stocks changing hands, Seprod shed $3 to close at $65 after an exchange of 1,943 shares, Supreme Ventures skidded 44 cents to $27.55 in an exchange of 8,926 units and Sygnus Credit Investments gained 47 cents and ended at $11.97 in trading 33,270 shares.
JMMB Group 7.25% preference share increased 59 cents and ended at $1.84 with traders dealing in 10 stocks and Productive Business Solutions 9.75% preference share skidded 50 cents to $99.50 with investors trading 26 stocks.
traded following a modest increase in value over Friday and closed with two stocks ending at 52 weeks’ lows.
The All Jamaican Composite Index skidded 3,967.05 points to 349,449.87, the JSE Main Index dropped 3,340.09 points to finish at 316,989.72 and the JSE Financial Index
Jamaica Stock Exchange shed $1.24 to close at a 52 weeks’ low of $8.53, with 14,677 stock units crossing the market, after trading at a 52 weeks’ intraday low of $8.25. JMMB Group dipped 95 cents to end at $27.84 with 284,271 units clearing the market, Kingston Properties climbed 35 cents to $7.35 after 7 stocks passed through the market, Massy Holdings skidded 90 cents to $100.10 with an exchange of 5,230 stock units. NCB Financial dropped $2.56 in closing at $71.44 after an exchange of 18,829 stocks, Sagicor Group fell $2.40 to close at $44.09 in switching ownership of 16,798 units, Scotia Group popped 85 cents and ended at $33.85 while exchanging 10,411 shares. Sygnus Credit Investments declined 47 cents in closing at $11.50 after trading in 4,927 stocks and Wisynco Group dipped $1.04 to end at $16.91, with 62,100 shares crossing the market.
In the preference segment, Eppley 7.50% preference share increased 49 cents to $6 with investors transferring 66 stock units, JMMBGL 7.25% preference share traded 612 units at a 52 weeks’ low of $1.25, after declining 20 cents and Productive Business Solutions 10.5 % preference share rallied $98 to close at $1,100 as investors exchanged 40 units.
Caribbean Cream the leading mover in the Junior Market ICTOP10, climbed 10 percent to $4.15, followed by Edufocal rising 4 percent to $1.45. Iron Rock Insurance was the worst performer, falling 12 percent to $2.10 and was followed by general Accident, down 10 percent to $4.43, while Caribbean Assurance Brokers slipped just 4 percent to $2.87.
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.
A total of 10,571,793 shares were traded for $57,562,911 up from 9,151,844 units at $35,266,609 on Thursday.
The PE Ratio, a formula used to compute appropriate stock values, averages 12.9 for the Main Market. The JSE Main and USD Markets’ 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.
Jamaica Stock Exchange lost 23 cents and closed at a 52 weeks’ low of $9.77 after hitting an intraday 52 weeks’ low of $9.10 in trading 86,890 shares. Jamaica Producers shed 31 cents to end at $19.18 after an exchange of 1,100 shares, JMMB Group rallied $1.76 to $28.79 with traders dealing in 82,869 stock units, Kingston Properties skidded 39 cents to $7 with a transfer of 1,302 stocks. Kingston Wharves dipped $1.90 and ended at $27 with shareholders swapping 16,096 shares, Massy Holdings climbed 90 cents in closing at $101 in an exchange of 960 stocks, Mayberry Jamaican Equities popped 40 cents to end at $11.80, with 38,877 stock units crossing the exchange. NCB Financial rallied $1 to $74, with 26,455 units crossing the market, Sagicor Group lost 41 cents to end at $46.49 as investors exchanged 1,711 shares, 
Scotia Group dropped $1 in closing at $33 in trading 4,346 units, Seprod increased 50 cents to close at $68 with 18,577 stocks clearing the market and Wisynco Group rose 94 cents and ended at $17.95 trading 7,870 stock units.
A total of 9,151,844 shares were traded for $35,266,609 versus 7,549,896 units at $79,965,770 on Wednesday.
The JSE Main and USD Market PE ratios are calculated using the last traded prices in conjunction with ICInsider.com forecasted earnings for companies with the financial year ending up to August 2024.
Mayberry Jamaican Equities rose 40 cents to $11.40 with 78,223 stocks changing hands, MPC Caribbean Clean Energy skidded $12.30 to $69.70 with 2,285 shares clearing the market. NCB Financial shed $2 to close at $73 with investors dealing in 12,895 units, Sagicor Group increased $2.82 to $46.90 with traders exchanging 2,625 shares, Seprod dipped 50 cents in closing at $67.50 with 6,941 stocks crossing the market. Supreme Ventures shed 46 cents and ended at $27.99 with an exchange of 176,814 stocks, Sygnus Credit Investments popped 55 cents to end at $11.99 after trading 25,143 units and Wisynco Group skidded 84 cents to close at $17.01 with a transfer of 123,716 shares.
Jamaica Public Service 7% lost $5 and ended at $50 in an exchange of 1,000 units and Jamaica Public Service 9.5% dived $249.99 to end at $2800.01 after just one stock was traded.
At the close, the All Jamaican Composite Index climbed 1,340.21 points to 356,869.10, the JSE Main Index rose 1,279.01 points to close at 323,635.78 and the JSE Financial Index popped 0.32 points to end trading at 71.55.
The PE Ratio, a formula used to compute appropriate stock values, averages 12.9 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasted by ICInsider.com for companies with the financial year ending up to August 2024.
Mayberry Jamaican Equities fell 40 cents to close at $11 with 37,481 units being traded. Pan Jamaica advanced 86 cents in closing at $48.05 after a transfer of 23,977 stock units, Sagicor Group shed $2.82 to end at $44.08 with investors exchanging 28,063 shares, Scotia Group climbed 99 cents to close at $34 in trading 1,066 stocks. Seprod fell $1.99 to $68 with a transfer of 5,919 stocks, Sygnus Credit Investments dropped 55 cents in closing at $11.44, with 9,330 shares crossing the market and Victoria Mutual Investments gained 33 cents to close at $3.03 after a transfer of 4,947 units.
In the preference segment, Jamaica Public Service 7% declined $1 and ended at $55 after three units cleared the market and Jamaica Public Service 9.5% lost $50 to end at $3050 in an exchange of 9 stocks.
A total of 8,602,396 shares were traded for $48,412,908 compared with 9,803,797 units at $75,092,515 on Monday.
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 calculated based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
NCB Financial gained $2.98 to close at $75, after 64,578 units crossed the exchange, 138 Student Living rallied 40 cents to close at $4.65 in switching ownership of 1,400 shares. Pan Jamaica rose $4.19 to $47.19 with 500 units clearing the market, Sagicor Group rallied $1.81 to $46.90, with 29,098 stocks changing hands, Scotia Group lost 99 cents to end at $33.01 after a transfer of 109,584 stock units. Seprod popped 99 cents to close at $69.99 after an exchange of 53,646 stocks, Supreme Ventures climbed $1.39 and ended at $28.50 with investors swapping 5,620 units, Sygnus Credit Investments rose 67 cents in closing at $11.99 and closed with 28,630 stocks being traded and Victoria Mutual Investments declined 30 cents to close at a 52 weeks’ low of $2.70, with 104,183 shares crossing the market.
In the preference segment, Productive Business Solutions 9.75% preference share rallied $8 to end at $100 while exchanging 2,195 stocks.
A total of 9,803,797 shares were traded for $75,092,515 against 10,256,198 units at $39,416,576 on Friday.
The All Jamaican Composite Index surged 4,373.19 points to close at 357,810.90, the JSE Main Index jumped 4,153.40 points to 324,224.20 and the JSE Financial Index popped 1.39 points to 71.87.
Massy Holdings fell 75 cents to close at $100.25 in trading 691 units, Mayberry Jamaican Equities dropped 40 cents in closing at $11 with investors exchanging 36,852 stocks, NCB Financial declined 98 cents to $72.02 with an exchange of 562,220 shares. 138 Student Living shed 40 cents to end at $4.25 with stakeholders trading 2,445 stock units, Pan Jamaica dipped $4.18 to $43 after a transfer of 630 units, Portland JSX popped 50 cents to $10 in switching ownership of 144 shares. Proven Investments dipped 36 cents in closing at $22.35 with shareholders swapping 4,445 stock units, Radio Jamaica fell 16 cents to a 52 weeks’ low of $1.38 after an exchange of 45,658 shares, Sagicor Group gained $1.01 and ended at $45.09, with 58,600 stocks crossing the market. Scotia Group rose $1 to end at $34 after an exchange of 7,749 shares, Seprod popped $1.99 to end at $69 in an exchange of 1,343 units, Supreme Ventures lost 39 cents to close at $27.11 in an exchange of 36,633 stocks and Sygnus Credit Investments dropped 68 cents and ended at $11.32, with 30,018 shares changing hands.
In the preference segment, Jamaica Public Service 7% climbed 75 cents in closing at $56, with 6,058 units clearing the market, Productive Business Solutions 10.5% preference share increased by $2 to $1002 after trading 200 stock units and Productive Business Solutions 9.75% preference share shed $8 to close at $92 while exchanging three stock units.