Trading jumps on JSE Main Market

Trading activity on the Jamaica Stock Exchange Main Market ended on Tuesday with a big surge in the volume of stocks traded over that on Monday, with a 695 percent jump in volume and a 377 percent jump in the value after trading in 58 securities compared with 56 on Monday, with 18 rising, 27 declining and 13 ending unchanged.
A total of 76,180,578 shares were traded for $630,021,406 in contrast with 9,586,592 units at $132,203,147 on Monday.
Trading averaged 1,313,458 shares at $10,862,438 compared to 171,189 shares at $2,360,770 on Monday and month to date, an average of 752,344 units at $6,686,180. Trading in June closed with an average of 366,795 units at $6,952,581 including trading in Bonds.
JMMB Group 7.25% preference share – 2024, led trading with 50.25 million shares for 66 percent of total volume, Eppley Caribbean Property Fund followed with 8.35 million units for 11 percent of the day’s trade, Transjamaican Highway chipped in with 3.20 million units for 4.2 percent market share, Kingston Wharves ended with 2.75 million units for 3.6 percent of shares traded, Ciboney Group had 2.39 million units trading for 3.1 percent of the market s and Jamaica Stock Exchange with 2.22 million units for 2.9 percent of total volume.
The All Jamaican Composite Index shed 659.59 points to close at 366,145.89, the JSE Main Index fell 272.83 points to end trading at 328,865.48 and the JSE Financial Index popped 0.57 points to 72.46.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.4 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasted by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Caribbean Cement fell $1.04 to close at $57.96 with a transfer of 14,586 shares, Caribbean Producers dipped 75 cents in closing at $10.05 in an exchange of 13,592 stock units, Ciboney Group rose 38 cents and ended at a 52 weeks’ high of $1.56, with 2,393,664 stocks crossing the market, Eppley Caribbean Property Fund dropped $4 to end at $39 as investors exchanged 8,348,944 units. First Rock Real Estate rallied 93 cents to $10, with 154,732 stocks crossing the exchange, Guardian Holdings surged $32.50 to $452.50 with 131 stock units passing through the market, Jamaica Stock Exchange lost 60 cents to end at $11.50 in an exchange of 2,215,100 shares, JMMB Group climbed 47 cents and ended at $32.47, with 8,676 units changing hands. Kingston Wharves shed $2 in closing at $28 with shareholders swapping 2,745,588 units, Massy Holdings popped $2 to close at $101 with an exchange of 2,700 stock units, Mayberry Jamaican Equities advanced 40 cents in closing at $11.70 after stakeholders traded 3,598 stocks. MPC Caribbean Clean Energy declined 98 cents to close at $60.02 after 667 shares were traded, NCB Financial lost 90 cents and ended at a 52 weeks’ low of $65.05 with 301,043 units clearing the market, Proven Investments rallied $2.03 to end at $25.06 after 10 stock units were traded. Sagicor Group gained $1 to end at $49 after a transfer of 7,962 shares, Seprod declined $2.91 in closing at $75.31 in switching ownership of 9,729 stocks and Supreme Ventures shed 45 cents to end at $29 as 12,335 shares passed through the market.
In the preference segment, Eppley 7.50% preference share dipped $1.08 and ended at $6.09 in trading 20,000 units, Jamaica Public Service 7% dropped $8.62 to close at $48.88 after an exchange of 100 stocks, Jamaica Public Service 9.5% fell $22 to end at $2978 while exchanging just one stock unit. 138 Student Living preference share rose $17 to end at $105 after exchanging 193 shares and Productive Business Solutions 9.75% preference share rallied $12.90 to $103 with investors transferring 3 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.