Trading climbs on JSE Main market

Trading activity on the Jamaica Stock Exchange Main Market ended on Monday, with the volume of stocks traded rising 105 percent and the value 99 percent more than on Friday, with trading taking place in 56 securities compared with 57 on Friday, with 10 rising, 28 declining and 18 unchanged after three stocks traded at a 52 weeks’ lows and one at a 52 weeks’ high and one at a record intraday high.
A total of 24,449,466 shares were exchanged for $83,643,070 up from 11,913,117 units at $42,086,420 on Friday.
Trading averaged 436,598 shares at $1,493,626 compared with 209,002 units at $738,358 on Friday and month to date, an average of 467,590 units at $2,998,844 compared with 473,702 units at $3,295,648 on the previous day. June closed with an average of 366,795 units at $6,952,581 including trading in Bonds.
Transjamaican Highway led trading with 17.37 million shares for 71.1 percent of total volume while it traded at a record high of $2.60 and was followed by Sagicor Select Financial Fund with 2.51 million units for 10.3 percent of the day’s trade and Ciboney Group with 924,651 units for 3.8 percent of market share.
The All Jamaican Composite Index rose 91.60 points to close trading at  363,379.58, the JSE Main Index dipped 1,424.39 points to end at  325,201.53 and the JSE Financial Index slipped 0.30 points to conclude trading at 71.15.
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.
Investor’s Choice bid-offer indicator shows 10 stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Berger Paints fell 20 cents in closing at $7.50 in an exchange of 1,050 shares, First Rock Real Estate lost $1.39 to close at a 52 weeks’ low of $8.36 in an exchange of 24,264 shares, following the dropping of the price to a 52 weeks’ intraday low of $7, GraceKennedy fell 80 cents in closing at $77 while exchanging 29,539 stocks. Guardian Holdings dropped $20 to end at a 52 weeks’ low of $400 with investors transferring 2,043 units, after the price hit a 52 weeks intraday low of $375.05, Jamaica Producers dropped $1 to end at $19.50, with 14,200 stock units crossing the market, Jamaica Stock Exchange declined 20 cents to $10.80 after 2,100 stocks changed hands, JMMB Group shed 75 cents and ended at $29.25 after trading 13,118 shares. NCB Financial declined $1.38 and ended at $64.02 after an exchange of 123,940 stock units, Pan Jamaica declined $1.25 to close at $49.50 with 207 stocks changing hands. Salada Foods shed 30 cents to end at a 52 weeks’ low of $2.50 after 234,280 units passed through the market, Seprod climbed $2.57 to $72.75, with stakeholders exchanging 1,837 stocks and Supreme Ventures dropped 30 cents in closing at $28.50 in switching ownership of 40,906 shares.
In the preference segment, Jamaica Public Service 7% lost $7.50 to close at $42.50 with shareholders swapping 50 stock units and Jamaica Public Service 9.5% rose $446.70 to a record high of $3,424.70 with a transfer of one unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.