Barita Investments was the most prominent trade on Thursday, with 21.49 million shares for 59.1 percent of total volume as trading closed out the half year. The Jamaica Stock Exchange Main Market was constrained within a narrow consolidation range it has been in for several months.
The volume of stocks trading on Thursday rose 117 percent with 590 percent greater value than on Wednesday, with an exchange of 36,352,680 shares with a value of $2,054,073,702, up from 16,776,950 units at $297,498,943 on Wednesday. Trading averages 660,958 units at $37,346,795, up from 310,684 shares at $5,509,240 on Wednesday and month to date, an average of 281,913 units at $5,309,050, compared to 263,593 units at $3,760,655 onthe previous trading day. May closed with an average of 238,645 units at $3,561,016.
Pulse Investments traded the second highest volume with 4.49 million units for 12.3 percent of the day’s trade and Ciboney Group 3.25 million units for 8.9 percent market share.
The All Jamaican Composite Index climbed 1,350.07 points to 440,236.22, the JSE Main Index rose 1,152.41 points to 384,185.82 and the JSE Financial Index declined 0.03 points to settle at 91.40 as trading ended with 55 securities compared to 54 on Wednesday, with 25 rising, 19 declining and 11 ending unchanged.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.9 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Investor’s Choice bid-offer indicator shows 15 stocks ended with bids higher than their last selling prices and three stocks with lower offers.
At the close, Barita Investments popped $1.02 to $88.02 in exchanging 21,487,543 shares, Berger Paints declined 75 cents in ending at $11.50 while exchanging 1,300 stock units, Caribbean Cement rose $3.40 in closing at $67 after trading 223,055 units. Eppley Caribbean Property Fund advanced $3.04 to end at $47 in an exchange of 60,745 stocks, First Rock Capital increased 73 cents to close at $13.30 in switching ownership of 79,859 units, GraceKennedy gained $1 to end at $103, with 416,560 stocks crossing the exchange. Guardian Holdings fell $20.98 in closing at $503 with the swapping of 51 stock units, Jamaica Broilers rallied 97 cents to close at $28, with 228,065 shares crossing the market, Jamaica Producers climbed $1 to $22, with 19,825 stocks changing hands. Jamaica Stock Exchange rallied 50 cents to $20 after 15,667 shares crossed the market, Kingston Properties increased 95 cents to close at $8.95, trading 140,927 units, Kingston Wharves popped $1 to $39.50 after exchanging 18,966 stock units. Massy Holdings dropped 30 cents in ending at $91.70 after exchanging 1,693 stocks, Mayberry Investments shed 40 cents in closing at $10 in trading 230,013 shares, NCB Financial slipped $1 to $101 with 36,536 stock units clearing the market. PanJam Investment lost $1 to end at $65 with an exchange of 19,380 units, Proven Investments shed $1.48 to close at $36.02 after 29,816 stocks changed hands, Pulse Investments gained 54 cents to close at $4.42 after exchanging 4,485,406 stock units. Sagicor Group fell 50 cents in closing at $55.49 in an exchange of 90,240 shares, Salada Foods advanced 30 cents in ending at $5.80 after just two units traded, Scotia Group declined $1.64 in closing at $36.05 with an exchange of 89,692 shares. Seprod rose 70 cents to end at $71.95 with the swapping of 65,213 stocks, Stanley Motta climbed 50 cents to $5.50, with 42,111 units crossing the market, Supreme Ventures increased 71 cents to $30.70 in an exchange of 236,568 stock units and Sygnus Real Estate Finance dropped $3.75 to close at a 52 weeks’ low of $11.25, with 10,000 shares crossing the market.
In the preference segment, Jamaica Public Service 9.5% gained $200 to close at $3000 after an exchange of a mere three units and 138 Student Living preference share climbed $1.76 to $19.40 in trading 15 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Archives for June 2022
Fall for JSE USD stocks at the 2022 midpoint
Trading ended with increased activity in the Jamaica Stock Exchange US dollar market, to close out the half year with a rise of 8.2 percent as the volume of stocks traded rose 11 percent with a 14 percent higher value than on Wednesday and increased stocks edging out losing ones.
A total of 252,463 shares were traded for US$48,827 against 227,317 units at US$42,677 on Wednesday. Trading averaged 42,077 units at US$8,138, compared to 45,463 shares at US$8,535 on Wednesday, with a month to date average of 71,901 shares at US$8,793 versus 73,102 units at US$8,820 on the previous day. May ended with an average of 47,916 units for US$3,528.
Six securities traded up from five on Wednesday, with two rising, one declining and three ending unchanged. The JSE US Denominated Equities Index lost 5.91 points to end at 211.65.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.3. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than the last selling prices and none with a lower offer.
At the close of market activities, Productive Business Solutions ended at US$1.14 after trading 174 shares, Proven Investments declined 1.03 cents to 24.97 US cents with an exchange of 213,276 units, following the release of full year results to March this year and Sterling Investments ended unchanged at 2.12 US cents in trading 10,750 stocks. Sygnus Credit Investments USD share remained at 12.5 US cents while exchanging 1,290 stock units, Sygnus Real Estate Finance USD share popped 2 cents to close at 12 US cents with an exchange of 400 shares and Transjamaican Highway rallied 0.05 of a cent to end at 1 US cent, with 26,573 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
6.4% Q1 growth for Jamaica
The Jamaican economy grew by 6.4 percent during the first quarter of 2022 over the first quarter of 2021 due to growth in both the Services and Goods producer sectors, the Planning Institute of Jamaica reported, which comes against a fall of 6.7 percent in the first quarter of 2021 due to the 9.9 percent fall in service industries.
Services and Goods Producing Industries recorded growth of 8.9 percent and 0.4 percent respectively, the Statin stated. All industries within the Services Industries grew. Growth in the Hotels & Restaurants was the most outstanding after surging 107.1 percent.
Wholesale and Retail Trade; Repairs; Installation of Machinery and Equipment, Transport, Storage and Communication increased by a more sedate 8.8 percent, Other Services rose by 12.4 percent.
Higher output levels were recorded for Agriculture, Forestry and Fishing up 8.2 percent, Manufacturing 4 percent and Construction 3.5 percent. The mining and quarrying industry declined by 60 percent.
The economy grew by 8.2 percent for the fiscal year ending March 2022 compared to the previous fiscal year but slipped by 1.2 percent against the 2021 fourth quarter.
Trading surges sharply on TTSE
Market activity led to a big surge in trading on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded jumping 653 percent and the value 507 percent more than on Wednesday and resulting in 2,330,498 shares traded for $13,044,397 compared to 309,327 units at $2,147,712 on Wednesday.
A total of 19 securities traded up from 18 on Wednesday, with five stocks rising, four declining and ten remaining unchanged. The Composite Index rose 3.43 points to 1,381.59, the All T&T Index fell 5.38 points to 2,035.34 and the Cross-Listed Index rose 1.80 points to 95.48.
Trading averaged 122,658 units at $686,547 compared to 17,185 shares at $119,317 on Wednesday, with trading month to date averaging 55,705 units at $392,249 versus 52,330 units at $377,417. The average trade for May amounts to 45,890 units at $370,328.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two stocks with lower offers.
At the close, Ansa McAl finished at $56.05, with 30 shares crossing the exchange, Calypso Macro Investment Fund popped $2.70 to end at a 52 weeks’ high of $22 in an exchange of 100 stocks, CinemaOne increased 66 cents to end at a 52 weeks’ high of $5.20 after exchanging 100 units. Clico Investment Fund ended unchanged at $28.60 after 153 stock units crossed the market, Endeavour Holdings remained at $7.50 in trading 7,481 units, First Citizens Group finished at $50.01 after an exchange of 333 shares. FirstCaribbean International Bank ended unchanged at $5, with 332,170 stocks changing hands, GraceKennedy advanced 29 cents to $5.79 in an exchange of 1,619,045 stock units, JMMB Group remained at $2.30 after swapping 72,090 stocks. Massy Holdings slipped 1 cent to end at $5.16 after trading 86,901 shares, National Enterprises climbed 1 cent to $3.25 while exchanging 12,000 stock units, National Flour Mills remained at $1.75 while 19,352 units passed through the exchange. NCB Financial Group rose 25 cents to end at $5.50 in switching ownership of 103,000 stock units, One Caribbean Media lost 5 cents to close at $4.10, with 61,433 units crossing the market, Republic Financial Holdings ended unchanged at $141 with an exchange of 1,590 shares. Scotiabank closed at $77.50 with 7,473 stocks clearing the market, Trinidad & Tobago NGL dropped 7 cents ending at $20.83 with 6,475 stock units changing hands, Unilever Caribbean shed 1 cent to close at $13.89 in trading 57 units and West Indian Tobacco finished at $23.35, with 715 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading levels fall on TTSE
Activity fell at the close of the Trinidad and Tobago Stock Exchange ended on Wednesday, with the volume of stocks traded declining 12 percent and the value 39 percent lower than on Tuesday, and resulted in declining stocks dominating those rising.
Overall, 309,327 shares traded for $2,147,712 compared to 350,266 units at $3,548,053 on Tuesday. An average of 17,185 units traded at $119,317 versus 16,681 shares at $168,955 on Tuesday, with trading month to date averaging 52,330 shares at $377,417 versus 66,392 units at $363,761. The average trade for May amounts to 45,890 units at $370,328.
Eighteen securities traded, down from 21 on Tuesday, with two rising, six declining and ten remaining unchanged. The Composite Index rallied 1.70 points to 1,378.16, the All T&T Index lost 9.24 points to end at 2,040.72 and the Cross-Listed Index rose 1.88 points to settle at 93.68.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two stocks with lower offers.
At the close, Agostini’s traded 122 shares at $46, Angostura Holdings popped $2.09 to $22.89, with 31,541 units changing hands, Ansa McAl declined 85 cents to $56.05 with the swapping of 20 stock units. Clico Investment Fund fell 20 cents to close at $28.60, with 3,439 stocks crossing the market, First Citizens Group ended unchanged at $50.01 with an exchange of 2,032 shares, FirstCaribbean International Bank remained at $5 in trading 50,416 units. GraceKennedy ended unchanged at $5.50 in an exchange of 17,311 stocks, JMMB Group closed at $2.30 after trading 125,438 stock units, Massy Holdings slipped 1 cent to $5.17 after 4,847 shares crossed the market. National Enterprises shed 1 cent to close at $3.24 with an exchange of 25,000 stock units, NCB Financial Group rallied 25 cents to $5.25 with 36,565 stocks clearing the market, One Caribbean Media ended at $4.15 in exchanging 2,838 units. Point Lisas ended at $3.40 as 88 stock units passed through the exchange, Scotiabank dropped 50 cents to close at $77.50 after exchanging 1,626 stocks, Trinidad & Tobago NGL finished at $20.90 after trading 38 units. Trinidad Cement climbed 10 cents to end at $3.70 in switching ownership of 1,999 shares, Unilever Caribbean remained at $13.90 while exchanging 148 units and West Indian Tobacco remained at $23.35, trading 5,859 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Consolidating JSEUSD market
Trading ended on the Jamaica Stock Exchange US dollar market Wednesday, with an exchange of 61 percent fewer shares with a 44 percent fall in value from Tuesday, resulting in five securities changing hands, compared to seven on Tuesday with none rising, two declining and three ending unchanged.
The JSE US Denominated Equities Index lost 1.14 points to end at 217.56.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.2. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending, up to August 2023.
Overall, 227,317 shares traded for US$42,677 versus 578,306 units at US$75,902 on Tuesday. Trading averaged 45,46 units at US$8,535, compared to 82,615 shares at US$10,843 on Tuesday, with month to date average of 73,102 shares at US$8,820 versus 74,062 units at US$8,830 on the previous day. Tuesday. May ended with an average of 47,916 units for US$3,528.
Investor’s Choice bid-offer indicator shows two stocks ended with higher bids than the last selling prices and two with lower offers.
At the close of the market, First Rock Capital USD share declined 0.37 of a cent to end at 7.05 US cents, with 1,000 shares crossing the exchange, Proven Investments remained at 26 US cents while exchanging 154,687 stock units, Sygnus Credit Investments USD share ended unchanged at 12.5 US cents with the swapping of 15,074 units and Transjamaican Highway fell 0.05 of a cent to 0.95 US of one cent, with 56,546 stock units changing hands
In the preference segment, JMMB Group 6% finished at US$1.05 with investors clearing the market of 10 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.