Trading jumps on JSE Main Market

Trading activity climbed sharply relative to that on Friday on the Jamaica Stock Exchange Main Market on Monday, with a 74 percent jump in the volume of stocks traded and 149 percent climb in value, with trading in 54 securities compared with 57 on Friday, with prices of 19 rising, 27 declining and eight ending unchanged.
The market closed with trading of 9,156,436 shares at  $134,445,305, up from 5,259,080 units at $54,075,283 on Friday.
Trading averaged 169,564 shares at $2,489,728 that jumped sharply above the 92,265 units for $948,689 on Friday, and month to date, an average of 142,462 units at $1,222,721, compared with 138,081 units at $1,017,876 on the previous trading day. Trading in August averaged 316,608 units at $1,867,646.
Kingston Wharves led trading with 3.50 million shares for 38.2 percent of total volume followed by Transjamaican Highway with 1.97 million units for 21.5 percent of the day’s trade and JMMB Group 7.35% – 2028 with 1.11 million units for 12.1 percent of the day’s trade.
The All Jamaican Composite Index rose 672.31 points to 352,341.68, the JSE Main Index declined 2,517.03 points to finish at 317,837.17 and the JSE Financial Index shed 0.42 points to settle at 70.69.
The PE Ratio, a formula used to compute appropriate stock values, averages 12.2 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 15 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments dropped $2.90 to end at $76.06 with a transfer of 56,959 shares, Caribbean Cement dipped 30 cents to $50 with shareholders swapping 2,760 stocks, First Rock Real Estate shed 59 cents to close at $7.80 while exchanging 10,002 units, GraceKennedy skidded 30 cents in closing at $70.20 with stakeholders trading 70,580 stocks. Guardian Holdings shed $34.80 to $401.20, with 182 units crossing the market, Jamaica Broilers fell $1 to $31 with an exchange of 66,931 shares, Jamaica Producers climbed $1.44 to end at $20.05 after 2,766 stocks changed hands, Jamaica Stock Exchange lost 35 cents in closing at $9.65 with trading of 17,938 stock units. JMMB Group fell $2.20 and ended at $27.50, with 43,366 stock units clearing the market, Kingston Properties, lost 72 cents to $6.60, with 5,350 units crossing the exchange, Kingston Wharves advanced $3.39 to $29.96 with investors dealing in 3,501,338 shares, Massy Holdings dipped $4.20 to close at $96 with 4,965 stocks being traded. NCB Financial skidded $1.50 in closing at $68.50 after trading 18,481 shares, Pan Jamaica popped $3 to end at $46 with investors transferring 878 units, Pulse Investments rallied 31 cents and ended at $2.51 and closed after trading in 16,227 stocks, Sagicor Group rose 49 cents to $45, with 9,649 stock units crossing the market. Seprod dropped $1.10 and ended at $69 in trading 17,450 shares, Stanley Motta declined 46 cents in closing at $4.75 with traders dealing in 30,730 stock units, Sygnus Credit Investments shed 30 cents to close at $11 after an exchange of 71,631 stocks and Wisynco Group increased 60 cents to end at $18 after exchanging 122,891 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.