Market activity on the Jamaica Stock Exchange Main Market ended on Thursday, with the volume of stocks traded surging 4,201 percent with 590 percent greater value than on Wednesday with 57 securities compared to 55 on Wednesday, with 20 rising, 18 declining and 19 ending unchanged.
Overall, 358,301,804 shares were exchanged for $1,351,391,586 up from 8,329,845 units at $195,931,637 on Wednesday. Trading averages 6,285,997 units at $23,708,624, versus 151,452 shares at $3,562,393 on Wednesday and month to date, an average of 641,350 units at $3,094,438, compared to 159,696 units at $1,335,443 on the previous trading day. July closed with an average of 173,643 units at $1,683,017.
Pulse Investments led trading with 350.18 million shares for 97.7 percent of total volume followed by Wigton Windfarm with 3.73 million units for one percent of the day’s trade and JMMB Group with 1.19 million units for 0.3 percent market share.
The All Jamaican Composite Index dipped 414.17 points to 414,436.77, the JSE Main Index fell 122.66 points to 365,745.97 and the JSE Financial Index advanced 0.06 points to 87.77.
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 the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices andseven with lower offers.
At the close, Caribbean Cement dipped $2.01 to $57.99, with 39,649 shares crossing the exchange, Eppley shed $2.30 in closing at $38.70 with investors transferring 740 stock units, First Rock Real Estate dropped 50 cents to $11.55, with 42,407 stocks changing hands. Guardian Holdings rose $19 to end at $569 with a transfer of 366 units, Jamaica Producers increased 88 cents to close at $21 in exchanging 14,667 units, JMMB Group popped 50 cents in closing at $41.75 after exchanging 1,194,935 stocks. Key Insurance traded 28,384 shares and gained 39 cents to close at $3.89, Massy Holdings gained $2 to end at $87 after 9,865 shares crossed the market, Scotia Group advanced 50 cents to close at $34.50 with the swapping of 6,510 stock units, Seprod rallied 45 cents to end at $69.50 with investors transferring 1,119 stock units. Supreme Ventures climbed $1.01 to $29.99 with an exchange of 91,949 units and Victoria Mutual Investments gained 65 cents in closing at $5.66 after 78,171 shares changed hands.
In the preference segment, Eppley 5% preference share fell $1.69 to $20.20 as investors exchanged five stock units and Productive Business Solutions 9.75% preference share climbed $31.95 to close at $158.15 in trading 35 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.