Trading jumps on JSE Main Market

Trading jumped sharply on the Jamaica Stock Exchange Main on Friday with the volume of shares changing hands rising 108 percent and the value surging 490 percent higher than on Thursday and resulted in gains for the market as rising stocks exceeded those declining by on a three to two basis.
The All Jamaican Composite Index rallied 2,342.25 points to close at 439,257.71, the JSE Main Index advanced 1,269.54 points to 396,141.35 and the JSE Financial Index rose 0.19 points to end at 97.62. Trading ended with 53 securities versus 57 on Thursday, with 26 rising, 16 declining and 11 ending unchanged.
The PE Ratio, a formula used in computing appropriate stock values, averages 16.5. The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
A total of, 15,537,794 shares traded for $392,213,675, steeply up on 7,459,557 units at $66,420,714 on Thursday. JMMB Group led trading with 40.5 percent of total volume with a transfer of 6.29 million shares followed by Wigton Windfarm, 23.7 percent with 3.68 million units and Sagicor Select Financial Fund, 7.4 percent after 1.15 million units changed hands.
Trading averages 293,166 units at $7,400,258, compared to 130,869 shares at $1,165,276 on Thursday and month to date, an average of 173,233 units at $1,583,955, up from 164,655 units at $1,167,944 on Thursday. December closed with an average of 479,143 units at $6,686,322.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cement lost 69 cents to close at $70.30 in exchanging 53,355 stock units, Caribbean Producers advanced $1.34 to a record high of $16.74 with the swapping of 544,371 stocks, Eppley Caribbean Property Fund rallied 58 cents to $41.58 in switching ownership of 927 units. GraceKennedy shed $1 to end at $98 with a transfer of 101,725 shares, Guardian Holdings rose $1 to $521 after 25,540 stock units crossed the market, Jamaica Broilers advanced $1.43 to close at $27.98 with 15,666 units changing hands. Jamaica Producers popped $1 in closing at $23 after an exchange of 8,358 shares, JMMB Group advanced $1.60 to $39.50 in trading 6,286,464 shares, Kingston Wharves shed 75 cents to end at $42 with 5,079 stocks clearing the market. Mayberry Jamaican Equities rose 77 cents to finish at $9.28 in switching ownership of 2,050 units, NCB Financial climbed $2.40 to close at $128 with the swapping of 462,259 stock units, 138 Student Living gained 53 cents after ending at $4.66 and exchanging 1,175 shares. PanJam Investment rallied $1.50 in closing at $66 in trading 510,923 shares, Portland JSX rose $1.20 to $9 in switching ownership of 800 units, Proven Investments gained 57 cents to settle at $33.49 with an exchange of 6,791 stocks. Scotia Group popped 44 cents to close at $35 after 111,106 stock units crossed the market, Stanley Motta gained 59 cents after ending at $5.84 with an exchange of 2,632 stocks, Supreme Ventures rose 80 cents to finish at $17.80 in transferring 19,195 units and Wisynco Group lost 30 cents to close at $17.30 with 87,163 shares crossing the exchange.
In the preference segment, JMMB Group 7.25% fell 75 cents in closing at $2.78 after exchanging 38,725 shares and JMMB Group 7% gained 40 cents to close at $1.90 with 19 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated