Market activity ended on Friday with the market indices rising for the day but falling sharply for October and ended, with the volume of shares trading increasing 113 percent and the value 69 percent higher than on Thursday at the close of the Jamaica Stock Exchange Main Market, with rising stocks equaling those declining.
The All Jamaican Composite Index advanced 1,839.59 points to settle at 447,699.38, down nearly 8,992 points for the month, the Main Index rose 570.62 points to 403,965.02, down 10,924.94 points for the month and the JSE Financial Index fell 0.57 points to end at 97.73.
Trading ended with 47 securities compared to 49 on Thursday, with 18 rising, 18 declining and 11 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 in the current year up to August 2022.
Trading averages 668,436 units at $5,296,593, compared to 301,075 shares at $3,006,624 on Thursday and month to date, an average of 251,350 units at $2,773,208 compared to 231,162 units at $2,651,067 on Thursday. September closed with an average of 335,669 units at $7,507,404.
Investor’s Choice bid-offer indicator shows 16 stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments shed 94 cents in ending at $94 after exchanging 54,076 shares, Caribbean Cement advanced $2 to close at $114 in trading 27,218 units, Caribbean Producers dipped 50 cents to $8 with 421,119 stock units crossing the market. Eppley Caribbean Property Fund advanced $3.91 to $40.41 in switching ownership of 121 stocks, First Rock Capital lost 40 cents to end at $12 after 8,769 shares cleared the market, Jamaica Broilers rallied $1.50 to $31 in an exchange of 138,346 units. Jamaica Producers declined $1.84 to finish at $22.15 with the swapping of 5,682 stocks units, Jamaica Stock Exchange rose 75 cents to $18.25 in exchanging 4,910 stock units, JMMB Group spiked 50 cents to end at $38 with a transfer of 302,245 shares. Kingston Wharves fell $2.50 to $45 with an exchange of 1,051 stock units, Mayberry Investments gained 50 cents in closing at $6 with 23,579,556 shares crossing the market, Mayberry Jamaican Equities popped 43 cents to close at $9 after a transfer of 1,110,000 stocks. NCB Financial fell $4.85 to $125.15 after exchanging 11,556 shares, PanJam Investment rose 75 cents to $64.50 in trading 13,075 stocks, Radio Jamaica gained 48 cents to end at $3.79 with the swapping of 338,676 stock units. Sagicor Group advanced $4.01 in closing at $58 in switching ownership of 649,260 units, Sygnus Credit Investments shed 49 cents to $17.80 in trading 215,266 stock units and Wisynco Group spiked 64 cents to $16.50 after 83,769 units crossed the market.
In the preference segment, JMMB Group 7.15% – due 2028, lost 35 cents to end at $3 in an exchange of 10,000 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.