Market activity ended on Thursday with the volume of shares trading surging 198 percent and the value of 81 percent higher than Wednesday on the Jamaica Stock Exchange Main Market, leading to rising stocks edging those that declined.
The All Jamaican Composite Index popped 1,608.31 points to 440,499.56, the JSE Main Index rose 1,916.17 points to 397,981.66 and the Financial Index popped 0.93 points to end at 96.40.
A total of 49 securities traded down from 54 on Wednesday, with 21 rising, 19 declining and nine ending unchanged.
The PE Ratio, a measure used in computing appropriate stock values, averages 15.7. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasted by ICInsider.com for companies with financial years ending between the current year and August 2022.
Trading ended with 28,191,943 shares changing hands for $175,549,676 versus 9,456,467 units at $97,056,444 on Wednesday. Pulse Investments led trading with 34.1 percent of total volume after transferring 9.6 million shares followed by Carreras 18.4 percent with 5.18 million units, Wigton Windfarm contributed 15.7 percent after trading 4.43 million units, Radio Jamaica contributed 11.2 percent with 3.17 million units, Caribbean Producers ended with 7.5 percent in an exchange of 2.1 million units and QWI Investments with 4.9 percent after 1.38 million units changing hands.
Trading averages 575,346 units at $3,582,646, compared to 175,120 shares at $1,797,342 on Wednesday and month to date, an average of 267,974 units at $2,341,992, versus 231,059 units at $2,192,992 on Wednesday. October closed with an average of 251,350 units at $2,773,208.
Investor’s Choice bid-offer indicator shows 14 ended with bids higher than their last selling prices and 2 with lower offers.
At the close, Caribbean Cement dropped $2.50 to $102.20 in trading 17,750 shares, Caribbean Producers rose $1.78 to a 52 weeks’ closing high of $9.98 with an exchange of 2,103,404 units, GraceKennedy popped 94 cents in ending at $99.94 in transferring 130,438 stocks. Guardian Holdings dropped $20 to $520 in switching ownership of 232 stock units, Jamaica Producers shed $1.50 to close at $22 with 26,522 shares changing hands, JMMB Group spiked 59 cents to end at $37.50, with 469,936 units clearing the market. Margaritaville gained 40 cents to close at $15.90 in trading 875 stocks. Mayberry Investments lost 48 cents to finish at $7.51 after exchanging 402 stock units. Mayberry Jamaican Equities dipped 61 cents to $8.51, with 1,018 units crossing the exchange. MPC Caribbean Clean Energy declined $5 to $110 in switching ownership of 2 shares, NCB Financial lost 25 cents in closing at $119.70 with a transfer of 44,033 stocks, Palace Amusement dropped $40 to $980 in trading 13 stock units. PanJam Investment rallied $5 to $68 after 14,000 stock units cleared the market, Proven Investments declined $2.39 to close at $31.51 with the swapping of 12,348 units, Radio Jamaica gained 28 cents to end at $4.20 after exchanging 3,168,173 shares. Sagicor Group rose 50 cents to $54.50 in switching ownership of 71,078 stocks, Salada Foods rallied 51 cents to $7.50 with 6,846 stock units crossing the market, Scotia Group gained 50 cents in ending at $36 with the swapping of 35,147 shares. Seprod spiked $2.20 in closing at $63.30 in exchanging 1,361 units, Stanley Motta rose 43 cents to end at $5.50 after 24,289 stock units changed hands, Sygnus Credit Investments shed 33 cents to close at $18.12 trading 52,125 units and Wisynco Group declined $1.10 to $16.65 in an exchange of 127,695 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.