Investors gave Main Market stocks a good lift on Thursday, with the volume of shares trading rising moderately and the value climbing 48 percent higher than on Wednesday, sending the All Jamaican Composite Index surging 3,304.57 points to 432,034.70. The JSE Main Index spiked 2,907.75 points to 390,946.72 and the JSE Financial Index popped 0.98 points to end at 95.60 at the close of the Jamaica Stock Exchange Main Market.
Trading ended with 50 securities compared to 45 on Wednesday, with 18 rising, 16 declining leaving 16 unchanged. The PE Ratio, a formula for computing appropriate stock values, averages 15.8.The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasts by ICInsider.com for companies with financial years ending between the current year and August 2022.
A total of 7,647,957 shares traded for $62,688,988, up from 6,971,534 units at $42,325,701 on Wednesday. Sagicor Select Financial Fund led trading of 27.7 percent of total volume with a transfer of 2.11 million shares, followed by Wigton Windfarm 20.9 percent with 1.6 million units and Sterling Investments, with 9.2 percent for an exchange of 700,000 units.
Trading averages 152,959 units at $1,253,780 against 154,923 shares at $940,571 on Wednesday and month to date, an average of 371,370 units at $4,831,202, compared to 408,016 units at $5,431,440 on Wednesday. November closed with an average of 233,949 units at $2,695,416.
Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Berger Paints rallied 45 cents to close at $13.20 in trading 100 shares, Caribbean Cement climbed $2.01 to $78 with 70,254 stocks crossing the market, Eppley declined $2.30 to $35.70 in exchanging 4,364 stock units. Eppley Caribbean Property Fund advanced $3.69 to $40 with a transfer of 30 units, Guardian Holdings rose $2 to $522 after an exchange of 1,257 shares, Jamaica Stock Exchange spiked $2.39 to $18.89 in trading 7,242 stocks. Kingston Wharves fell $1 to $43 with 11,640 units changing hands, Margaritaville rose $2.30 in closing at $16.80 with 581 stock units clearing the market, Mayberry Investments popped 50 cents to close at $8.49 in switching ownership of 93,258 units. Palace Amusement spiked $35 to end at $1,030 after trading 20 shares, Portland JSX shed 80 cents in ending at $6.90 after exchanging 182,200 stock units, Sagicor Group rose $2 to $53 in switching ownership of 494,252 stocks. Sagicor Real Estate Fund dipped 35 cents to $8.10 with 13,794 stock units changing hands, Scotia Group climbed $3.87 to $37.90 with the swapping of 87,019 stocks, Seprod declined $1.79 to close at $63.20 in an exchange of 3,064 units and Supreme Ventures fell 39 cents to $18.10 in the swapping of 185,634 shares.
In the preference segment, JMMB Group 7.35% – due 2028 shed 33 cents in ending at $3.15 after trading 35,502 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.