The JSE Main Market inched higher on Monday

Trading activity on the Jamaica Stock Exchange Main Market ended on Monday, with the market major market indices rising following a 5 percent rise in the volume of stocks traded with a 25 percent lower value than on Friday, after trading 59 securities similar to Friday and ending with prices of 22 stocks rising, 20 declining and 17 ending unchanged.
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.
Trading averaged 195,435 shares at $631,037 compared to 185,641 units at $840,901 on Friday and month to date, an average of 162,073 units at $813,300 compared to 153,732 units at $858,866 on the previous trading day, well short of December that closed with an average of 264,266 units at $3,755,946.
Wigton Windfarm traded 6.16 million shares and led trading and accounted for 53.4 percent of total volume, Transjamaican Highway was next with a total of 1.46 million units for 12.6 percent of the day’s trade and Ciboney Group with 719,955 units for 6.2 percent market share.
The All Jamaican Composite Index rose 82.60 points to 360,020.49, the JSE Main Index gained 36.27 points to wrap up trading at 322,734.20 and the JSE Financial Index dipped 0.07 points to 70.27.
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.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, AS Bryden climbed 38 cents to end at $33.49 in switching ownership of 5 stock units, First Rock Real Estate dropped $1.23 to $6.77 with traders dealing in 4,693 shares, Guardian Holdings lost $3.99 in closing at $395 after a transfer of 25 stocks. Kingston Properties rose 54 cents to $7.55 with 379 units crossing the exchange, Margaritaville declined $2.58 and ended at $15 with investors transferring 88 stocks, Mayberry Group advanced 52 cents to $8.57 in an exchange of 40 units. MPC Caribbean Clean Energy popped 99 cents and ended at $90 with investors swapping 165 shares, Proven Investments gained $1.04 in closing at $23.48 with an exchange of 3,102 stock units, Sagicor Group increased $4.38 to end at $45.98, with 33,919 shares crossing the market. 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.
In the preference segment, Jamaica Public Service 7% skidded $5 in closing at $40 with investors trading 1,352 stocks, JMMB Group 7.35% – 2028 rose 30 cents to $3.30 after 443,516 units passed through the market and Productive Business Solutions 10.5 % preference share shed $20 to end at $1,060 in an exchange of 641 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.