Trading climbs for JSE Majors

Investors increased trading activity on the Jamaica Stock Exchange Main Market on Friday, leading to a near tripling of the volume of stocks traded with a rise of 286 percent, with 77 percent greater value than on Thursday, after an exchange of 52 securities compared to 54 on Thursday and resulting in the prices of 20 rising, 18 declining and 14 ending unchanged.
A total of 27,446,351 shares were traded for $101,999,333, up from 7,115,584 units at $57,605,172 on Thursday.
Trading averages 527,814 shares at $1,961,526 compared with 131,770 shares at $1,066,762 on Thursday. For the month to date, the average trade amounted to 531,741 units at $2,535,424, marginally down from 532,074 units at $2,584,108 on the previous day. November closed with an average of 202,406 units at $1,736,493.
Wigton Windfarm led trading with 22.88 million shares for 83.4 percent of total volume, followed by Jamaica Broilers with 1.91 million units for 6.9 percent of the day’s trade and Transjamaican Highway with 685,748 units for 2.5 percent market share.
The All Jamaican Composite Index lost 1,890.91 points to end at 380,283.51, the JSE Main Index fell 1,031.70 points to 338,773.99 and the JSE Financial Index dipped 0.45 points to close at 80.40.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.2 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows five stocks ended with a bid higher than their last selling prices and seven with lower offers.
At the close, Barita Investments gained $6.50 in closing at $90 after 2,294 shares passed through the market, Caribbean Cement rallied $4.29 to end at $60.97 with investors transferring 2,083 stock units, First Rock Real Estate fell $1 to $12.50 with the swapping of 5,066 stocks. Guardian Holdings gained $10 to close at $575 with investors transferring 1,563 units, Jamaica Broilers advanced $2.98 to $32, with an exchange of 1,906,664 stocks, Jamaica Producers fell 53 cents to $22.47 after trading 6,793 stock units. Jamaica Stock Exchange lost $1.66 in closing at $14.75 after an exchange of 2,838 units, JMMB Group shed $1.15 to end at $31, with 156,970 shares crossing the exchange, Kingston Wharves dipped 40 cents to close at $31 after investors swapped 20,324 stock units. NCB Financial declined $2.50 to $80 after trading 41,132 stocks, 138 Student Living popped 70 cents to $5.70 in trading 185 units, Palace Amusement climbed $25.22 in closing at a 52 weeks’ high of $1380 in an exchange of 2,356 shares. PanJam Investment rose $4.47 to $57.47, trading 3,616 stocks, Proven Investments dropped $1.99 after ending at $26.01, with 500 units clearing the market, Sagicor Group dipped $1 to end at $48 with an exchange of 18,794 stock units. Scotia Group declined 80 cents in closing at $32 after 54,026 shares changed hands, Stanley Motta lost 55 cents at $4.55 after a transfer of 6,688 stocks, Supreme Ventures popped 49 cents to $30.49 in switching ownership of 101,753 stock units. Sygnus Credit Investments rose 45 cents to end at $12.85 as investors exchanged 37,259 units and Sygnus Real Estate Finance advanced 70 cents to close at $11, with 4,695 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.