Investors ended trading on Friday with an exchange of 66 percent less volume of stocks on the Jamaica Stock Exchange Main Market, even as the value traded jumped 260 percent over Thursday, after trading took place in 52 securities against 51 on Thursday, leading to 19 rising, 24 declining and nine ending unchanged.
The market closed with an exchange of 6,765,232 shares worth a total of $141,934,681 versus 19,677,897 units at $39,419,138 on Thursday.
Trading averaged 130,101 units at $2,729,513 versus 385,841 shares at $772,924 on Thursday and month to date, an average of 205,314 units at $1,515,534 versus 209,330 units at $1,450,722 on the previous day. October closed with an average of 231,243 units at $1,464,224.
Seprod led trading with 1.70 million shares for 25.1 percent of total volume, followed by Sagicor Select Financial Fund with 1.34 million units for 19.7 percent of the day’s trade and Transjamaican Highway, with 1.24 million units for 18.4 percent of market share.
The All Jamaican Composite Index rallied 1,783.90 points to 381,652.90, the JSE Main Index climbed 1,999.87 points to 338,060.45 and the JSE Financial Index inched 0.56 points higher to 81.08.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.4 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
The Investor’s Choice bid-offer indicator shows eleven stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, 
Caribbean Cement popped $1.30 to $58.80 after exchanging 140 shares, Eppley Caribbean Property Fund fell $3.49 to $36.50 with a transfer of 24 stock units, Guardian Holdings shed $1.05 to $558.95 in exchanging 186 units. Jamaica Stock Exchange gained 94 cents to close at $15.94 in switching ownership of 1,102 stocks, Kingston Wharves dropped $1.54 to$33.45 with 60,233 shares changing hands, NCB Financial dipped $1 to $84 as investors exchanged 75,416 stock units. Proven Investments lost 98 cents to end at $27 after trading 165 stocks, Sagicor Group declined 54 cents in closing at $48.26 with a transfer of 7,563 units, Seprod rose $1 to $70 with the swapping of 1,698,127 stocks. Stanley Motta gained 49 cents to close at $4.95, with 7,676 shares crossing the exchange and Sygnus Real Estate Finance lost 90 cents to end at $9 with the swapping of 980 units.
In the preference segment, Eppley 7.25%preference share dipped $3 to $17 after switching ownership of 5,000 stock units and JMMB Group 7% preference share shed 49 cents to close at $1.97, trading 10 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Weekend gain for Main Market
November 25, 2022 by IC Insider.com
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Caribbean Producers, Carreras, Community & Workers Credit Union, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Mayberry Investments, 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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