The Jamaica Stock Exchange Main Market closed sharply higher on Thursday, resulting in the All Jamaican Composite Index surging 9,926.38 points to 394,215.77, the JSE Main Index jumping 6,090.77 points higher to 351,223.81 and the JSE Financial Index climbed 2.16 points to settle at 84.96, as the volume of stocks traded declined 51 percent with a 25 percent higher value than on Wednesday, with 58 securities trading compared to 59 on Wednesday, with 26 rising, 15 declining and 17 ending unchanged.
A total of 10,927,858 shares were exchanged for $93,711,234 versus 22,138,197 units at $73,392,960 on Wednesday.
Trading averages 188,411 shares at $1,615,711 compared with 375,224 shares at $1,243,948 Wednesday.
Trading month to date averages 467,038 units at $2,851,468 compared with 483,007 units at $2,922,292 on the previous day. November closed with an average of 202,406 units at $1,736,493.
Wigton Windfarm led trading with 6.44 million shares for 59 percent of total volume, Transjamaican Highway followed with 1.07 million units for 9.8 percent of the day’s trade and Sagicor Real Estate Fund with 905,055 units for 8.3 percent of market share.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.6 for the Main Market.
The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the 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, Barita Investments rose $1.40 to close at $100 in an exchange of 41,744 shares, Caribbean Cement gained $1.55 in closing at $60 after an exchange of 5,892 stocks, Caribbean Producers climbed 45 cents to $11.75 in exchanging 20,170 stock units. Eppley Caribbean Property Fund advanced $1.58 to $46.58 as 156 units passed through the market, GraceKennedy popped $1 to $82 with an exchange of 530,904 units,
Guardian Holdings lost $10 at $635, with 86 stock units changing hands. JMMB Group rallied $2.39 to end at $33.99 trading 53,129 stocks, Kingston Wharves increased $1.74 in closing at $32.34 after trading of 48,456 shares, NCB Financial advanced 68 cents to close at $79.88 with 41,709 shares clearing the market. Palace Amusement climbed $122 to $1497 in switching ownership of 597 stocks, Proven Investments declined $1.85 to $26.15, with 504 stock units crossing the market, Sagicor Group rose $6 to $53 with the swapping of 302,574 units. Scotia Group increased $2.68 in closing at $34.73, with 2,714 stocks crossing the market, Seprod rallied $1.95 to end at $70 after an exchange of 7,754 stock units, Sygnus Credit Investments gained $1 to close at $13.39 as investors exchanged 42,870 shares and
Wisynco Group popped 50 cents to end at $17.50 with investors transferring 56,412 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
A total of 22,138,197 shares were traded for $73,392,960 compared with 21,211,534 units at $157,346,195 last Friday.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.4 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
GraceKennedy shed $1 in ending at $81 after 12,747 stock units were traded, Jamaica Broilers gained $1.50 in closing at $31 with an exchange of 623,672 stocks, Jamaica Stock Exchange popped 61 cents to close at $15.71 in trading 52,801 stocks. JMMB Group declined 50 cents to $31.60 after exchanging 8,845 stock units, Mayberry Investments advanced 90 cents in closing at $8.90, with 106,593 units crossing the market, NCB Financial dipped 80 cents to $79.20 while trading 11,501 shares. Palace Amusement rallied $196 to end at $1,375 after 767 stocks changed hands, Proven Investments increased $1.90 to $28 as 4,084 units were exchanged, Sagicor Group fell $1.49 to close at $47 as 156,887 shares passed through the market. Scotia Group dropped $2.85 to $32.05 after exchanging 75,345 stock units,
Stanley Motta lost 70 cents to close at $4.01, with 29,682 shares changing hands and Sygnus Credit Investments shed 61 cents in closing at $12.39 with investors transferring 8,766 units.
The Junior Market Iron Rock Insurance popped 31 percent to $2.35, General Accident gained 13 percent to $5, followed by Dolphin Cove with an 11 percent rise to $14.78 and a 5 percent increase for Caribbean Cream to $3.35. Medical Disposables fell 5 percent to $4.90 and Lasco Distributors slipped 4 percent to $2.71.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 5.6, well below the market average of 14.4, while the Junior Market Top 10 PE sits at 6.1 versus the market at 12.6, important indicators of the level of the undervaluation of the ICTOP10 stocks. The Junior Market is projected to rise by 232 percent and the Main Market TOP10 by an average of 265 percent 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, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
A total of 21,211,534 shares were traded for $157,346,195 compared to 7,586,543 units at $112,182,540 on Thursday.
The All Jamaican Composite Index rose 3,483.04 points to settle at 384,467.83, the JSE Main Index popped 2,968.49 points to settle at 344,963.23 and the JSE Financial Index rose 1.11 points to settle at 83.14.
GraceKennedy climbed $1 to $82 and closed with an exchange of 8,337 stocks, Guardian Holdings climbed $15 to $645 as investors exchanged 640 units. Jamaica Broilers advanced 46 cents to $29.50 while exchanging 74,794 stock units, Mayberry Investments rose 75 cents to $8 with an exchange of 22,100 shares, Palace Amusement dropped $65.99 in closing at $1179 after exchanging 113 units. Proven Investments shed $2.30 in ending at $26.10 21,006 stock units passed through the market, Sagicor Group advanced 89 cents to end at $48.49 after trading 48,096 stocks, Seprod dipped 44 cents in ending at $68.06 with a transfer of 1,008 shares and Supreme Ventures increased $1.20 to close at $30.49 with 117,285 stock units clearing the market.
In the preference segment, Eppley 5% preference share popped $1.45 to $22.48, with 2,213 shares crossing the market.
A total of 7,586,543 shares were traded for $112,182,540 versus 68,370,391 units at $766,972,565 on Wednesday.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.2 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
NCB Financial advanced $1.98 to end at $80 with an exchange of 6,908 units, Palace Amusement popped $44.99 to close at $1244.99 with investors transferring 422 stock units, Portland JSX climbed 97 cents in ending at $10.47, with nine shares clearing the market. Proven Investments gained $1.40 to $28.40, with 1,071 units crossing the exchange, Sagicor Group declined 40 cents in closing at $47.60 after trading 252,369 stocks, Scotia Group popped $1.41 to $34.90 after a transfer of 620,050 stock units. Supreme Ventures shed 71 cents in ending at $29.29 with 14,623 units crossing the market and Sygnus Credit Investments gained 96 cents to close at $13 as 5,215 stocks passed through the market.
In the preference segment, Jamaica Public Service 9.5% dipped $40 to end at $2960 in switching ownership of two shares.
A total of 68,370,391 shares were traded for $766,972,599 up from 8,931,395 units at $95,827,826 on Tuesday.
The All Jamaican Composite Index gained 2,594.86 points to 382,179.92, the JSE Main Index rose 86.10 points to 340,467.96 and the JSE Financial Index slipped 0.10 points to settle at 81.32.
Guardian Holdings lost $10.56 after ending at $617.44, with 101 shares crossing the exchange. Jamaica Broilers rose 99 cents to end at $29.99 in exchanging 4,458,470 stock units, Jamaica Stock Exchange dipped 70 cents in closing at $15.10 as 4,480 stocks passed through the market, Mayberry Investments rallied $1.45 to close at $8.45 in an exchange of 31,281 stock units. NCB Financial shed 98 cents to a 52 weeks’ low of $78.02 as investors exchanged 96,216 shares, Palace Amusement dropped $190 to end at $1200 after an exchange of 887 units, Proven Investments declined $1.48 to close at $27 with investors transferring 15,830 stocks. Seprod fell $1.25 in closing at $68.50, with 10,735 stock units crossing the market and Sygnus Credit Investments dipped 46 cents in ending at $12.04 after a transfer of 5,281 shares.
In the preference segment, Eppley 7.25% preference share shed $2.83 in ending at $17.17 after an exchange of 799 stocks, Productive Business Solutions 9.75% preference share gained $5 in closing at $107 after trading just six stocks and Transjamaican Highway 8% fell 45 cents to $1.75 with an exchange of 67,330 units.
Investors traded 8,931,395 shares for $95,827,826 up from 6,957,337 units at $65,589,778 on Monday.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.1 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Jamaica Producers dipped 40 cents in ending at $22.50 with the swapping of 2,524 stocks. Jamaica Stock Exchange gained 70 cents to close at $15.80 2,319 units crossing the market, Mayberry Investments lost $1.12 to end at $7 in switching ownership of 13,928 shares, NCB Financial fell $1 in closing at $79 with investors transferring 37,348 shares. 138 Student Living lost 65 cents to end at $5, with 35,284 stocks changing hands, Palace Amusement dropped $60 to end at $1390 in trading 437 units, Portland JSX dropped 98 cents in closing at $9.50 while exchanging 294 stock units. Sagicor Group rallied 50 cents to $48 after a transfer of 163,197 stocks, Scotia Group rose $1.25 to $33.50 after an exchange of 249,922 shares, Stanley Motta advanced 49 cents to close at $5.09 trading 200 stock units and Sygnus Real Estate Finance dipped $1.50 to close at $9.50 in exchanging 1,000 units.
In the preference segment, Eppley 7.50% preference share shed $1.15 in closing at $6.60 while 7 units passed through the market.
Trading ended with 6,957,337 shares for $65,589,778 down from 27,446,351 units at $101,999,333 on Friday.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.4 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Jamaica Broilers fell $1.01 in closing at $30.99, with 118,084 shares clearing the market. Jamaica Producers rose 43 cents to $22.90 after an exchange of 5,699 units, JMMB Group rallied $1.34 to $32.34 after trading 64,210 stocks, MPC Caribbean Clean Energy declined $3 to close at $80 as investors exchanged 121 units. Palace Amusement advanced $70 to end at a 52 weeks’ closing high of $1,450 in exchanging 1,359 stock units, Proven Investments climbed $2.47 to $28.48 after 4,437 shares crossed the market, Sagicor Group dipped 50 cents in ending at $47.50 with the swapping of 14,639 stocks. Supreme Ventures dropped 79 cents to close at $29.70 after a transfer of 4,485 stock units and Wisynco Group advanced 50 cents to $17 after finishing with an exchange of 23,145 shares.

At the same time, the Junior Market Top 10 PE sits at 5.7 versus the market at 12, important indicators of the level of the undervaluation of the ICTOP10 stocks. The Junior Market is projected to rise by 256 percent and the Main Market TOP10, an average now of 270 percent, to May 2023.
ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks, helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
A total of 27,446,351 shares were traded for $101,999,333, up from 7,115,584 units at $57,605,172 on Thursday.
The All Jamaican Composite Index lost 1,890.91 points to end at 380,283.51, the JSE Main Index fell 1,031.70 points to 338,773.99 and the JSE Financial Index dipped 0.45 points to close at 80.40.
Jamaica Producers fell 53 cents to $22.47 after trading 6,793 stock units. Jamaica Stock Exchange lost $1.66 in closing at $14.75 after an exchange of 2,838 units, JMMB Group shed $1.15 to end at $31, with 156,970 shares crossing the exchange, Kingston Wharves dipped 40 cents to close at $31 after investors swapped 20,324 stock units. NCB Financial declined $2.50 to $80 after trading 41,132 stocks, 138 Student Living popped 70 cents to $5.70 in trading 185 units, Palace Amusement climbed $25.22 in closing at a 52 weeks’ high of $1380 in an exchange of 2,356 shares. PanJam Investment rose $4.47 to $57.47, trading 3,616 stocks, Proven Investments dropped $1.99 after ending at $26.01, with 500 units clearing the market, Sagicor Group dipped $1 to end at $48 with an exchange of 18,794 stock units. Scotia Group declined 80 cents in closing at $32 after 54,026 shares changed hands, Stanley Motta lost 55 cents at $4.55 after a transfer of 6,688 stocks, Supreme Ventures popped 49 cents to $30.49 in switching ownership of 101,753 stock units.
Sygnus Credit Investments rose 45 cents to end at $12.85 as investors exchanged 37,259 units and Sygnus Real Estate Finance advanced 70 cents to close at $11, with 4,695 shares changing hands.