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.