Trading climbed above Friday’s levels on the Jamaica Stock Exchange Main Market on Monday, as the market continues to recover from the depression caused by hurricane Beryl resulting in a 63 percent rise in volume traded accompanied by a 99 percent greater value with trading in 54 securities up from 50 on Friday, with prices of 19 stocks rising, 22 declining and 13 ending unchanged.
The market closed with 4,667,318 shares being traded for $32,767,188 compared with 2,858,995 units at $16,546,674 on Friday.
Trading averaged 86,432 shares at $606,800 compared to 57,180 units at $330,933 on Friday and month to date, an average of 127,495 units at $583,763 compared with 137,808 units at $577,977 on the previous trading day and June that closed with an average of 246,425 units at $1,945,941.
Transjamaican Highway led trading with 2.51 million shares for 53.8 percent of total volume followed by Sagicor Select Manufacturing & Distribution Fund with 500,799 units for 10.7 percent of the day’s trade and Wigton Windfarm with 316,910 units for 6.8 percent market share.
The All Jamaican Composite Index dipped 103.99 points to end at 357,293.42, the JSE Main Index fell 670.12 points to end trading at 318,586.42 and the JSE Financial Index slipped 0.09 points to end at 67.06.
The Main Market ended trading with an average PE Ratio of 14. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
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 sank 78 cents and ended at $8.20 after an exchange of 24,159 shares, Eppley advanced $1.20 to $36.10 with investors swapping 5,594 units, Eppley Caribbean Property Fund popped $2.99 to close at $40 in switching ownership of 1,901 stocks. General Accident increased 40 cents to finish at $6.70, with 23,026 stock units crossing the market, GraceKennedy climbed 50 cents to close at $74 with an exchange of 127,054 shares, Jamaica Broilers rose $1.02 to end at $35.50 with an exchange of 42,317 stocks. 
Jamaica Producers declined $1.04 to $23.95 with traders dealing in 1,299 units, Mayberry Group rallied 51 cents to end at $8.50 as investors traded 1,810 stock units, NCB Financial gained $2.88 in closing at $57.88 after 14,398 shares changed hands. Pan Jamaica popped $2.50 and ended at $49.50 with investors dealing in 983 units, Seprod climbed $3 to close at $86.99 after 6,000 stocks were exchanged, Sterling Investments ended at a 52 weeks’ low of $1.91 while 6,479 shares were traded, Supreme Ventures fell 99 cents to finish at $23.01 after 37,591 stock units crossed the market and Wisynco Group dropped 74 cents and ended at $20.50 in trading 21,980 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading rises above Friday’s depressed level
July 8, 2024 by IC Insider.com
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, AS Bryden, Barita Investments, Berger Paints, Caribbean Cement, Caribbean Producers, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, General Accident, Grace Kennedy, Innovative Energy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Lasco Distributors, Lasco Manufacturing, Mayberry Group, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group
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