The Jamaica Stock Exchange Main Market closed higher for a second consecutive day on Friday, with the volume of stocks changing hands climbing 42 percent and the value 41 percent lower than on Thursday, with 58 securities trading compared with 52 on Thursday, with 26 rising, 19 declining and 13 ending unchanged.
A total of 17,423,772 shares were exchanged for $113,062,974 versus 12,158,165 units at $187,080,964 on Thursday.
Trading averaged 300,410 shares at $1,949,362 compared with 233,811 units at $3,597,711 on Thursday and month to date, an average of 308,048 stocks at $2,115,819, compared with 308,619 units at $2,128,260 on the previous day. Trading in June closed with an average of 366,795 units at $6,952,581, including trading in bonds.
Transjamaican Highway led trading with 5.75 million shares for 33.3 percent of total volume, followed by JMMB Group 7.35% – 2028 with 2.57 million units for 14.9 percent of the day’s trade, Sagicor Select Financial Fund ended with 2.53 million units for 14.6 percent market share, QWI Investments controlled 1.46 million units for 8.4 percent of the market and Wigton Windfarm with 1.40 million units for 8.1 percent of total volume.
The All Jamaican Composite Index rallied 91.12 points to 362,517.50, the JSE Main Index rose 906.61 points to 327,867.62 and the JSE Financial Index dipped 0.08 points to 72.77.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.1 for the Main Market. The JSE Main and USD Market PE ratios are calculated based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments rallied $1.50 and ended at $76 after trading 57,195 shares, First Rock Real Estate fell $1.45 in closing at $9, with 3,400 stock units clearing the market, Guardian Holdings climbed $4 to $455 as investors exchanged 849 units, Jamaica Broilers gained 47 cents to end at $35 with a transfer of 22,072 stocks. Jamaica Stock Exchange dipped $1.21 to close at $10.22 in an exchange of 36,696 stock units, JMMB Group dropped 30 cents in closing at $28.90 in trading 28,280 stocks, Kingston Wharves popped 31 cents and ended at $29.80 after an exchange of 21,223 shares, Margaritaville advanced 40 cents to $15 after an exchange of 54 units. 
Massy Holdings declined 50 cents to end at $98.50, with 5,272 stock units crossing the market, Mayberry Jamaican Equities rose 40 cents to close at $11.90 and closed after 2,505 stocks changed hands, NCB Financial increased $2.49 to end at $74.99 in switching ownership of 709,089 units, 138 Student Living advanced 65 cents to close at $4.65 with an exchange of 111,931 shares. Pan Jamaica shed $1.35 in closing at $49 with stakeholders exchanging 50,625 shares, Proven Investments increased $1.25 to $23.25 in an exchange of 1,228 stocks, Scotia Group rose 70 cents to $33.75, with 204,253 units crossing the market, Seprod climbed $2.10 to $74.10 with investors transferring 3,139 stock units. Supreme Ventures rallied 49 cents to close at $27.49 after a transfer of 208,004 stock units, Sygnus Credit Investments lost 83 cents to end at $11.17 with shareholders swapping 146,619 units, Victoria Mutual Investments gained 37 cents in closing at $3.37, with 56,404 stocks changing hands and Wisynco Group popped 30 cents to end at $18 with 50,440 shares crossing the exchange.
In the preference segment, Eppley 7.50% preference share rallied 91 cents in closing at $6.12, as 3,056 units passed through the market, Jamaica Public Service 7% dipped $1 to $70 while exchanging 1,022 stocks. JMMB Group 7.25% due 2024 preference share fell 30 cents and ended at $1.70 with investors transferring 208,689 shares and 138 Student Living preference share rose $13.39 to close at $102.63 in trading one stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
A total of 584,142 shares were traded for US$30,721 up from 477,710 units at US$21,075 on Thursday.
Proven Investments ended at 14 US cents after a transfer of 1,051 stock units, Sygnus Credit Investments lost 1.05 cents to close at a 52 weeks’ low of 8 US cents in an exchange of 18,859 stock units, Sygnus Real Estate Finance USD share shed 0.6 of one cent to 10.4 US cents as investors exchanged 29 stocks and Transjamaican Highway popped 0.03 of a cent in closing at 1.55 US cents after an exchange of 547,150 units.
Trading took place in 52 securities up from 54 on Wednesday, with prices of 17 rising, 27 declining and eight ending unchanged after trading of 12,158,165 shares for $187,080,964 compared with 10,337,992 units at $78,663,373 on Wednesday.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.1 for the Main Market. The JSE Main and USD Market PE ratios are calculated based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Massy Holdings jumped $1.90 and ended at $99 in switching ownership of 72,982 shares, Mayberry Jamaican Equities lost 50 cents to end at $11.50 after 108,036 stocks passed through the market, NCB Financialclimbed $5.50 to end at $72.50 after 1,796,678 units changed hands. 138 Student Living dropped 35 cents to close at $4 after a transfer of 2,434 shares, Pan Jamaica rose 85 cents and ended at $50.35 with 31 stock units crossing the exchange, Proven Investments climbed 30 cents in closing at $22 with an exchange of 2,820 units, Sagicor Group fell $1.45 to end at $46 while trading 320,395 stocks. Scotia Group fell $1.15 in closing at $33.05 after exchanging 136,175 shares, Seprod rallied $1.95 and ended at $72, with 2,306 stock units changing hands, Sygnus Credit Investments popped 93 cents to close at $12 after trading 30,536 shares. 
Sygnus Real Estate Finance dipped $1 to $11, with 18,379 units clearing the market, Victoria Mutual Investments dropped 38 cents to $3 after trading 281,720 stocks and Wisynco Group shed 30 cents in closing at $17.70 with investors transferring 48,437 shares.
A total of 477,710 shares were traded for US$21,075 compared to 372,527 units at US$9,733 on Wednesday.
At the close, Margaritaville ended at 9.35 US cents in an exchange of 12,050 shares, Proven Investments remained at 14 US cents in trading 33,162 units, Sygnus Credit Investments shed 0.4 of a cents to close at 9.05 US cents in switching ownership of 11,752 stocks and Transjamaican Highway dipped 0.33 of a cent to close at 1.52 US cents after 417,000 stock units passed through the market.
A total of 372,527 shares were traded for US$9,733 compared with 934,611 units at US$22,159 on Tuesday.
Margaritaville ended at 9.35 US cents after 1,082 units were traded, Proven Investments dipped 0.04 of a cent to 14 US cents after an exchange of 1,600 stocks, Sterling Investments ended at 2 US cents with 2,489 stock units changing hands and Transjamaican Highway ended at 1.85 US cents, with stakeholders trading 308,167 stocks.
A total of 10,337,992 shares were traded for $78,663,373 compared to 7,658,306 units at $66,155,432 on Tuesday.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.1 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Key Insurance popped 44 cents to close at $2.95 with an exchange of 10 shares, Kingston Wharves rallied $1.11 to end at $29.10 with a transfer of 1,370 stock units, Massy Holdings dipped 90 cents to end at $97.10 with shareholders swapping 152 shares, Mayberry Jamaican Equities increased 49 cents in closing at $12 in an exchange of 14,211 units, NCB Financial rose $1.50 to close at $67 after an exchange of 739,759 stocks, Pan Jamaica shed 90 cents to end at $49.50 after a transfer of 6,194 units, Seprod declined $3.90 and ended at $70.05 in trading 5,117 stocks, Supreme Ventures fell 64 cents to $27.01 with investors transferring 62,144 stock units, Sygnus Credit Investments dropped 49 cents to $11.07, with 46,568 shares changing hands.
Jamaica Public Service 7% gained $7.75 to close at $71 with stakeholders exchanging 33 stocks and Jamaica Public Service 9.5% climbed $125 in closing at $3100 while exchanging two units.
A total of 7,658,306 shares were traded for $66,155,432 compared with 9,606,416 units at $81,472,376 on Monday.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.2 for the Main Market. The JSE Main and USD Market ratios are computed based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Pan Jamaica advanced $1.40 to close at $50.40, with 5,619 stock units crossing the market. Portland JSX declined 89 cents to end at $10 as investors exchanged 15 shares, Proven Investments dipped 30 cents to end trading at $21.50, with 1,199 units crossing the market, Sagicor Group fell 50 cents to $47.50, with stakeholders exchanging 31,435 stocks. Scotia Group gained 70 cents to close at $34.20 with an exchange of 21,648 stocks, Seprod rallied $3.92 in closing at $73.95 in trading 2,346 units and Sygnus Credit Investments lost $1.13 to end at $11.56 while exchanging 74,880 shares.
Productive Business Solutions 9.75% preference share declined 40 cents to end at $102 in switching ownership of 4,657 stock units and Transjamaican Highway 8% rallied 44 cents in closing at $3 with shareholders swapping 10,148 stocks.
Sterling Investments rose 0.16 of a cent to 2 US cents after exchanging 12,100 units, Sygnus Credit Investments declined 1.5 cents to 9.45 US cents in switching owners for 1,850 shares and Transjamaican Highway ended at 1.85 US cents with shareholders swapping 885,269 stock units.
The stock, which IPOed just before Jamaica at J$1.41 and one US cent for those shares designated in US dollars, was hit with Covid-19, languished in the market at that level but mostly lower until this year, when it finally broke out in March to now become the second best-performing stock of the exchange for 2023, following Ciboney that is now up 186 percent.
A total of 258,699 shares were traded for US$6,551 compared with 145,233 units at US$3,750 on Friday.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.