Stocks jumped on the last trading day of the penultimate month of the year as trading activity climbed on the Jamaica Stock Exchange Main Market on Friday, a day when winning stocks overwhelmed those declining, with prices of 29 rising, nine declining and 17 ending firm, following trading in 55 securities down from 59 on Thursday with the volume of stocks traded increasing 22 percent and the value leaping 89 percent over the prior day.
During trading Caribbean Cement price hit a 52 weeks’ intraday high of $75.10 but it closed at $74, Pan Jamaica closed at a 52 weeks’ high of $56.90, Jamaica Public Service 9.5% ended at $2,690, after trading at a 52 weeks Intraday high of $3,280.16 and Pulse Investments traded at an intraday low of $1, but bounced back to close at $1.16.
The market closed with 25,057,280 shares trading for $318,023,674 well above the 20,497,403 stock units at $168,382,641 on Thursday. Trading averaged 455,587 shares at $5,782,249 up from 347,414 units at $2,853,943 on Thursday and for the month to date, an average of 286,669 units at $2,555,172 compared with 278,842 shares at $2,405,644 on the previous day and October with an average of 205,025 stock units at $2,311,672.
Wigton Energy led trading with 8.56 million shares for 34.1 percent of total volume followed by Sagicor Select Manufacturing & Distribution Fund with 4.47 million stocks for 17.8 percent of the day’s trade, Sagicor Select Financial Fund with 3.58 million units for 14.3 percent market share, Transjamaican Highway closed with 2.07 million shares for 8.2 percent of traded stocks and Radio Jamaica ended with 1.65 million units for 6.6 percent of total volume.The market indices jumped sharply, helped by a big price movement in Pan Jamaica and Sagicor Group, as the All Jamaican Composite Index popped 6,733.96 points to close at 369,925.68, the JSE Main Index increased 5,333.88 points to 321,591.49 and the JSE Financial Index advanced 1.75 points to settle at 65.52. The Investor’s Choice bid-offer indicator shows 17 stocks ended with bids higher than their last selling prices and six with lower offers.
The Main Market ended trading with an average PE Ratio of 14.6. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close, Berger Paints increased 80 cents to end at $7.80 with investors dealing in a mere 17 stocks, Eppley Caribbean Property Fund sank $2 to $35 as 1,992 units passed through the market, Jamaica Broilers popped $1.45 to close at $38.45 with traders dealing in 82,558 shares. Jamaica Producers advanced by 48 cents to finish at $24 in an exchange of 13,691 stock units, Kingston Wharves rose 90 cents and ended at $30.90 with 4,224 shares crossing the market, Margaritaville gained 81 cents in closing at $15.10 after an exchange of just 4 units. Massy Holdings climbed $1.90 to $79.90 with 137 stocks changing hands, Pan Jamaica rallied $6.90 to end at a 52 weeks’ high of $56 with 500,762 stock units crossing the exchange, Sagicor Group increased $3.10 in closing at $40.10 in switching ownership of 319,580 shares. Sagicor Real Estate Fund climbed 60 cents to $8.50 after an exchange of 357,268 stocks and Sygnus Credit Investments fell 70 cents to finish at $12 trading 24,961 units.
In the preference segment, Jamaica Public Service 7% skidded $3.70 and ended at $40 with an exchange of 44 stock units and Jamaica Public Service 9.5% sank $160 to $2690, with 72,886 shares crossing the market., after the stock traded at an intraday 52 weeks high of $3,280.16.
Prices of securities trading are those for the last transaction of each stock unless otherwise state
The market closed with an exchange of 212,448 shares for US$18,687 compared to 466,535 stock units at US$18,867 on Thursday.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Jamaica Public Service 9.5% declined $29.99 to finish at $2,860 with 10 stocks crossing the market and Productive Business Solutions 10.5% preference share gained $15 to land at $1,050 as investors exchanged 100 units.
The market closed with an exchange of 1,404,682 shares for US$104,481 compared to 1,575,237 stocks at US$53,490 on Tuesday.
f 585,154 shares for US$33,029 with a fall from 669,330 stocks at US$70,066 on Friday.
In the preference segment, Eppley 7.75% preference share shed $2.57 to finish at $20.20 with 221 stocks clearing the market.
In the preference segment, Eppley 7.75% preference share advanced $5.60 to end at $22.77 with a transfer of 87 stocks, Jamaica Public Service 9.5% gained $204.99 to end at $2,889.99 in an exchange of just 3 units and 138 Student Living preference share popped 42 cents to finish at $236.42 with traders dealing in 50 stock units.