Trading jumps for JSE Main Market

Investors pumped 171 percent more money into the Jamaica Stock Exchange Main Market on Tuesday that led to an 85 percent rise in the volume of stocks traded compared with market activity on Monday, with an exchange of 55 securities compared to 58 on Monday, resulting in the prices of 30 rising, 16 declining and nine ending unchanged.
A total of 11,990,620 shares were traded for $247,055,940 compared with 6,493,255 units at $91,157,503 on Monday.
Trading averaged 218,011 shares at $4,491,926 up from 111,953 units at $1,571,681 on Monday and month to date, an average of 616,454 shares at $2,523,851 compared to 665,370 stock units at $2,282,234 on the previous day. November ended with an average of 202,406 units at $1,736,493.
Jamaica Broilers led trading with 5.27 million shares for 44 percent of total volume followed by Wigton Windfarm with 2.06 million units for 17.2 percent of the day’s trade and Transjamaican Highway with 931,496 units for 7.8 percent market share.
The All Jamaican Composite Index climbed 97.25 points to settle at 383,990.23, the JSE Main Index gained 363.48 points to close at 339,912.85 and the JSE Financial Index slipped 0.05 points to 81.14.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.9 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for the financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Cement advanced $3 to $60 after 253,905 shares were traded, Carreras fell 40 cents to $8.10 with 39,365 stock units crossing the exchange, First Rock Real Estate rose $1 to $13.50 after a transfer of 13,268 units. GraceKennedy shed $2.30 to end at $80 with the swapping of 147,559 stocks, Guardian Holdings climbed $15 to $550 in an exchange of 1,064 units, Jamaica Broilers added 30 cents to close at $30 with 5,270,974 shares traded after the stock hit a 52 week’s intraday high of $32, Jamaica Producers rallied $3 ending at $23 in switching ownership of 486,528 stock units. Jamaica Stock Exchange shed $2.36 to $14.11 after 75,201 shares crossed the market, JMMB Group was marked down by $3.60 to $32.40 after an exchange of 67,244 stocks, Mayberry Investments popped 51 cents to end at $8.25 after a transfer of 10,422 units. NCB Financial declined $1.02 to $81.50 with 56,657 shares changing hands, 138 Student Living gained 80 cents to settle at $5.90 in trading 36,016 stocks, Palace Amusement jumped $201.27 to end at $821.27 with investors transferring 22 stock units after the company announced a meeting of directors to consider a stock split. PanJam Investment dropped $2.98 to finish at $52.02 in switching ownership of 22,316 stocks, Proven Investments gained 40 cents to end at $26 trading 18,515 stock units, Sagicor Group popped 50 cents in closing at $51 with the swapping of 1,410 units. Scotia Group lost 51 cents to end at $32.50 with 574,117 shares clearing the market, Stanley Motta gained 40 cents in closing at $4.90 after 20,040 stocks changed hands and Supreme Ventures fell $1 to $29 with the swapping of 119,067 units.
In the preference segment, Eppley 5% preference share dipped $1.45 to $21.03 as investors exchanged 89 shares, Eppley 7.50% preference share rose 66 cents to $7.26 after 151 stock units crossed the market and Productive Business Solutions 9.75% preference share rallied $12.21 to $120 in trading five shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.