Trading activity ended on the Jamaica Stock Exchange Main Market on Tuesday, with the volume of stocks traded declining 53 percent and the value 39 percent lower than on Monday, following trading in 55 securities compared with 59 on Monday, with prices of 17 stocks rising, 22 declining and 16 ending unchanged including AS Byden that closed at a a record high of $39 with a gain of 73 percent since listing late last year.
The market closed with just 5,418,018 shares trading for a mere $22,750,182 from 11,530,654 units at $37,231,165 on Monday.
Trading averaged 98,509 shares at $413,640 compared to 195,435 units at $631,037 on Monday. Trading for the month to date, averages 152,084 units at $750,496 versus 162,073 units at $813,300 on the previous day and December with an average of 264,266 units at $3,755,946.
Wigton Windfarm led trading with 2.32 million shares for 42.9 percent of total volume followed by Transjamaican Highway with 716,006 stock units for 13.2 percent of the day’s trade and Ciboney Group ended with 626,342 units for 11.6 percent market share.
The All Jamaican Composite Index popped 900.26 points to end at 360,920.75, the JSE Main Index gained 554.13 points to finish at 323,288.33 and the JSE Financial Index dipped 0.07 points to end at 70.20.
The Main Market ended trading with an average PE Ratio of 13.7. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, AS Bryden rallied $5.51 to end at a 52 weeks’ high of $39 as investors exchanged 19,996 stock units, Barita Investments skidded 31 cents to $70.51 after a transfer of 11,254 shares, but ahead of the release of announcing a dividend of $1.634 to be paid on the second of February, Berger Paints fell 67 cents to close at $6.03, with 1,115 stocks changing hands. Caribbean Cement sank $2.86 in closing at $54.76 with 645 shares being traded, Eppley Caribbean Property Fund rose $1.98 and ended at $40 after an exchange of 400 shares, Jamaica Stock Exchange climbed $1.01 to $11.02 with a transfer of 1,129 stock units. JMMB Group increased 91 cents to close at $24.95 after exchanging 8,584 units, NCB Financial declined 78 cents in closing at $66.20 with investors transferring 27,475 stocks,
Pan Jamaica lost 30 cents to end at $50.20 in switching ownership of 358 shares. Scotia Group shed 90 cents and ended at $38.10 with investors trading 34,014 units, Seprod popped $2.49 to $84.99 while exchanging 45,431 stocks, Supreme Ventures advanced 49 cents to $25.99 in trading 19,835 stock units. Sygnus Credit Investments dropped 39 cents in closing at $10.90, with 115,762 shares crossing the market and Wisynco Group gained $1.14 and ended at $21.20 in trading 121,700 stock units.
In the preference segment, JMMB Group 7.35% – 2028 dipped 30 cents to close at $3 with 200,294 stocks clearing the market and 138 Student Living preference share rose $10.82 to $130.82 with investors trading 2 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of trading on Monday, 11,530,654 shares changed hands at $37,231,165 versus 10,952,841 units at $49,613,181 on Friday.
The Main Market ended trading with an average PE Ratio of 13.4. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
Salada Foods fell 67 cents to close at $3.30 while exchanging 785 stocks, Scotia Group rallied $1 to $39 with 41,955 units being traded, Seprod popped $5.50 in closing at $82.50 after a transfer of 13,572 stocks. Supreme Ventures dipped 49 cents to close trading at $25.50, with 24,378 shares changing hands, Sygnus Credit Investments advanced 59 cents and ended at $11.29 in trading 16,082 stock units and Wisynco Group sank $1.23 to end at $20.06 after an exchange of 27,355 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of trading on Monday, the JSE Combined Market Index slipped 335.55 points to 335,510.11, the All Jamaican Composite Index rallied 82.60 points to 360,020.49, the JSE Main Index rose 36.27 points to end at 322,734.20. The Junior Market Index fell 30.78 points to end at 3,749.36 and the JSE USD Market Index shed 0.83 points to 240.86.
At the close of the market, Main Market stocks rising are MPC Caribbean Clean Energy popping 99 cents and ending at $90, Proven Investments rising $1.04 in closing at $23.48, Sagicor Group jumping $4.38 to end at $45.98, Scotia Group rising $1 to $39 and Seprod climbing $5.50 in closing at $82.50.
Investors should use the chart to help make rational decisions when investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
Trading ended after 10,952,841 shares changed hands for $49,613,181 versus 6,738,490 stock units for $30,536,095 on Thursday.
The Main Market ended trading with an average PE Ratio of 13.4. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
Kingston Properties dropped 49 cents to close at $7.01 after an exchange of 10,445 shares. NCB Financial shed 50 cents to end at $67 after 58,382 units passed through the market, Proven Investments rallied 34 cents to $22.44 after an exchange of 5,129 stocks, Sagicor Group dipped $5.39 and ended at $41.60 with investors swapping 34,746 stock units. Scotia Group skidded $1.29 in closing at $38 after an exchange of 50,732 shares, Seprod sank $8 to close at $77 with investors trading 28,326 units, Supreme Ventures rallied $1.39 to end at $25.99 with 20,775 stocks crossing the market and Sygnus Credit Investments declined 60 cents to $10.70 as investors exchanged 33,660 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated 
The Main Market ended trading with an average PE Ratio of 13.5. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with their financial year ending around August 2024.
NCB Financial rose $1 to close at $67.50 in an exchange of 19,439 shares, Pan Jamaica gained 50 cents to close trading at $50.50 with an exchange of 468 stocks, Proven Investments shed 40 cents to close trading at $22.10, with 50,116 stock units changing hands. Scotia Group climbed 79 cents to end at $39.29 after 6,125 shares passed through the market, Seprod rallied $2.10 in closing at $85 with investors trading 30,503 stocks, Stanley Motta popped 46 cents and ended at $5.82 with investors trading 4,000 stock units. Supreme Ventures declined $1.35 to $24.60 with an exchange of 343,822 stock units and Wisynco Group lost 80 cents to close at $21.50, with 28,959 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
A total of 7,001,247 shares were traded for $56,070,502 down from 11,588,245 units at $66,472,610 on Tuesday.
The Main Market ended trading with an average PE Ratio of 13.6. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with their financial year ending around August 2024.
Mayberry Group dropped 70 cents in closing at $7.90 after 7,314 units passed through the market, MPC Caribbean Clean Energy rose 49 cents to close at $89.50 and closed after 5 shares were traded. NCB Financial shed $1.50 and ended at $66.50 with an exchange of 152,874 stocks, Pan Jamaica declined 70 cents to $50, with 2,028 units changing hands, Proven Investments fell 98 cents and ended at $22.50 in an exchange of 8,932 stock units. Scotia Group dipped $1 to end at $38.50 with investors trading 13,371 shares, Seprod advanced $2.91 in closing at $82.90 after switching ownership of 3,375 units, Stanley Motta fell 68 cents to close at $5.36 with investors trading 1,939 stocks. Supreme Ventures gained 95 cents to $25.95 in an exchange of 43,554 stock units and Wisynco Group rose $1.25 to a 52 weeks’ closing high of $22.30, with 71,584 shares crossing the market.
In the preference segment, Eppley 7.75% preference share gained $3.99 and ended at a 52 weeks’ closing high of $22.99 with a transfer of 3 stocks.
A total of just 11,588,245 shares were traded for $66,472,610 compared to 49,282,609 units at $809,014,389 on Friday.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and eight with lower offers.
Massy Holdings rallied $1 to end at $91, with 3,152 shares crossing the market, Mayberry Group shed 90 cents in closing at $8.60 as investors exchanged 3,759 stocks, MPC Caribbean Clean Energy dropped 88 cents to close at $89.01 in switching ownership of 655 units. NCB Financial lost $1.99 to close at $68, with 40,596 stock units changing hands, 138 Student Living increased 32 cents to end at $4.21 with a transfer of 11,200 shares, Proven Investments climbed 98 cents to $23.48, with 6,233 units crossing the exchange. Pulse Investments dipped 25 cents to close at $1.84 with investors transferring 160,749 stocks, Radio Jamaica fell 48 cents and ended at $1.45 after closing with an exchange of 171,837 stock units, Sagicor Group skidded $2.50 to $47 with 700,814 shares changing hands. Scotia Group rallied $1.10 and ended at $39.50, with 69,913 stock units clearing the market, Seprod declined $2.51 to end at $79.99 with traders dealing in 11,464 units, 
Supreme Ventures shed $2 in closing at $25 with investors swapping 159,371 stocks and Wisynco Group dropped 95 cents to close at $21.05 in an exchange of 34,165 units.
Trading averaged 807,912 shares at $13,262,531 compared with 943,415 units at $14,353,657 on Thursday and month to date, an average of 264,266 units at $3,755,94 compared with 230,599 units at $3,167,213 on the previous day. November closed with an average of 275,587 units at $2,488,949.
The Main Market ended trading with an average PE Ratio of 14. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
Margaritaville rose 58 cents to end at $17.58 with 592 stocks clearing the market, Mayberry Group climbed 62 cents in closing at $9.50 with an exchange of 20,568 units, NCB Financial increased $2.49 to $69.99, with 8,031,610 stock units crossing the market. 138 Student Living popped 38 cents to close at $3.89 in an exchange of 10,161 shares, Pan Jamaica sank 80 cents to end at $50.70 after trading 174,963 stock units, Sagicor Group gained $3.52 and ended at $49.50 after an exchange of 1,638,388 stocks. Salada Foods advanced 26 cents to $3.98 with investors transferring 124,752 units, Scotia Group rallied 40 cents to end at $38.40 in switching ownership of 65,342 stocks, Seprod popped $2.01 in closing at $82.50 after 59,998 units passed through the market. Sygnus Credit Investments climbed 50 cents and ended at $11.40 after a transfer of 102,722 shares and Wisynco Group increased 51 cents to close at $22, with 344,392 stock units crossing the market.
In the preference segment, Eppley 7.75% preference share rose $3 to $22 with investors trading 100 shares and 138 Student Living preference share advanced $33.10 in closing at $130, with 115 stock units crossing the exchange.
At the close of trading 107,792,193 shares, were traded in all three markets, up from 65,137,916 units on Wednesday.
Declining Main Market stocks were Guardian Holdings down $23 and Eppley with a fall of $2.10.
Investors should use the chart to help make rational decisions when investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
At the close of the market, 54,718,064 shares were traded for $832,512,122 up from 33,345,989 units at $814,176,218 on Wednesday.
The All Jamaican Composite Index surged 6,057.90 points to end at 360,454.68, the JSE Main Index railed 3,911.29 points to end the day at 321,471.63 and the JSE Financial Index popped 0.74 points to 69.39.
Jamaica Broilers fell 52 cents to $34.18 after an exchange of only 4,286 units, JMMB Group gained 40 cents to close at $25.40 after a transfer of 59,164 stocks, Kingston Wharves skidded 65 cents and ended at $26 as investors exchanged 2,009,244 shares. Mayberry Group climbed 48 cents to $8.88 after investors ended trading 25,701 stock units, NCB Financial rallied $2.40 to $67.50 after an exchange of 3,062,584 stocks, 138 Student Living lost 62 cents to at a 52 weeks’ low of $3.51, with 23,000 units crossing the market. Pan Jamaica popped $1.05 to end at $51.50 with traders dealing in 52,176 shares, Radio Jamaica rallied 35 cents to close at $1.70 while exchanging 3,708,301 stock units, Sagicor Group rose $4.48 and ended at $45.98 with investors dealing in 207,662 units. Salada Foods gained 52 cents to close $3.72 in an exchange of 114,055 stocks, Scotia Group dipped 38 cents to close at $38 with investors trading 2,423,400 shares, Seprod increased $3 to end at $80.49 in an exchange of 95,081 stocks. 
Supreme Ventures climbed $1.05 in closing at $27, with 1,016,463 units crossing the market, Sygnus Real Estate Finance advanced $1.25 and ended at $10.25 in trading 10,104 stock units and Wisynco Group popped 49 cents to $21.49 after exchanging 4,360,933 shares.